| Intrinsic Valuation of: REG | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 2 | Market Cap | $13B | |||||
| 2021 | - | - (-) | P/E Ratio | 34 | Total Asset | $12B | |||||
| 2022 | $659M | - (-) | Net Income | $400M | Total Debt | $4B | |||||
| 2023 | $656M | -0.5% (-5.2%) | EBITDA | $994M | Total Liab | $5B | |||||
| 2024 | $720M | 9.7% (1.6%) | Opr Margin | 0.35 | Debt/Equity | 0.63 | |||||
| 2025 | $790M | 9.8% (-0.1%) | PreTax Margin | 22.34 | BV/Share | 34 | |||||
| 5Y Average FCF | $706M | 6.3% (-1.2%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.5% | Historical US Bond Yield: | 4.4% | ||||||||
| Discount Rate (WACC): | 7.4% | Current US Bond Yield: | 3.5% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (6.3%) | ||||||||||
| 2026 | $840M | MBG Intrinsic Value | $19 | ||||||||
| 2027 | $893M | ||||||||||
| 2028 | $950M | ||||||||||
| 2029 | $1B | ||||||||||
| 2030 | $1B | ||||||||||
| 2031 | $1B | ||||||||||
| Terminal Value | $24B | Net Worth/Share | $38 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $20B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $56M | $87 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $4B | WACC | 7.3% | 73 | 80 | 89 | 100 | 113 | |||
| Equity Value | $16B | 7.4% | 72 | 79 | 88 | 98 | 111 | ||||
| Shares Outstanding | 181,526,000 | 7.4% | 72 | 78 | 87 | 97 | 109 | ||||
| 7.9% | 64 | 70 | 76 | 84 | 94 | ||||||
| DCF Intrinsic Value | $87 | 8.4% | 57 | 62 | 68 | 74 | 82 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||