| Intrinsic Valuation of: REGN | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 41 | Market Cap | $73B | |||||
| 2021 | - | - (-) | P/E Ratio | 17 | Total Asset | $41B | |||||
| 2022 | $3B | - (-) | Net Income | $5B | Total Debt | $2B | |||||
| 2023 | $4B | 7.9% (0.2%) | EBITDA | $6B | Total Liab | $9B | |||||
| 2024 | $4B | -3.5% (-10.9%) | Opr Margin | 25.81 | Debt/Equity | 0.06 | |||||
| 2025 | $4B | 6.4% (5.3%) | PreTax Margin | 25.51 | BV/Share | 291 | |||||
| 5Y Average FCF | $4B | 4.8% (-1.8%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.48% | Historical US Bond Yield: | 4.40% | ||||||||
| Discount Rate (WACC): | 7.00% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (4.8%) | ||||||||||
| 2026 | $4B | MBG Intrinsic Value | $366 | ||||||||
| 2027 | $4B | ||||||||||
| 2028 | $4B | ||||||||||
| 2029 | $4B | ||||||||||
| 2030 | $4B | ||||||||||
| 2031 | $5B | ||||||||||
| Terminal Value | $104B | Net Worth/Share | $303 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $90B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $3B | $883 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $2B | WACC | 6.5% | 830 | 902 | 992 | 1,107 | 1,261 | |||
| Equity Value | $91B | 7.1% | 739 | 794 | 860 | 943 | 1,048 | ||||
| Shares Outstanding | 103,021,886 | 7.8% | 665 | 708 | 759 | 820 | 895 | ||||
| 8.4% | 605 | 639 | 678 | 725 | 782 | ||||||
| DCF Intrinsic Value | $883 | 9.0% | 555 | 583 | 615 | 652 | 695 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||