| Intrinsic Valuation of: REGN | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 39 | Market Cap | $58B | |||||
| 2021 | - | - (-) | P/E Ratio | 14 | Total Asset | $38B | |||||
| 2022 | $7B | - (-) | Net Income | $4B | Total Debt | $2B | |||||
| 2023 | $3B | -48.0% (-31.3%) | EBITDA | $5B | Total Liab | $8B | |||||
| 2024 | $4B | 7.9% (0.2%) | Opr Margin | 0.28 | Debt/Equity | 0.07 | |||||
| 2025 | $4B | -3.5% (-10.9%) | PreTax Margin | 27.71 | BV/Share | 266 | |||||
| 5Y Average FCF | $4B | -14.5% (-14.0%) | |||||||||
| 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 (4.0%) | ||||||||||
| 2026 | $4B | MBG Intrinsic Value | $352 | ||||||||
| 2027 | $4B | ||||||||||
| 2028 | $4B | ||||||||||
| 2029 | $4B | ||||||||||
| 2030 | $4B | ||||||||||
| 2031 | $4B | ||||||||||
| Terminal Value | $93B | Net Worth/Share | $277 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $80B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $2B | $754 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $2B | WACC | 7.3% | 665 | 712 | 770 | 841 | 930 | |||
| Equity Value | $80B | 7.4% | 659 | 706 | 762 | 831 | 918 | ||||
| Shares Outstanding | 106,148,000 | 7.4% | 653 | 699 | 754 | 822 | 906 | ||||
| 7.9% | 602 | 640 | 685 | 738 | 804 | ||||||
| DCF Intrinsic Value | $754 | 8.4% | 558 | 590 | 627 | 670 | 723 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||