| Intrinsic Valuation of: RKLB | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | -0 | Market Cap | $17B | |||||
| 2021 | - | - (-) | P/E Ratio | - | Total Asset | $1B | |||||
| 2022 | $-97M | - (-) | Net Income | $-190M | Total Debt | $389M | |||||
| 2023 | $-149M | -52.8% (54.9%) | EBITDA | $-152M | Total Liab | $802M | |||||
| 2024 | $-154M | -3.1% (11.1%) | Opr Margin | -0.44 | Debt/Equity | 1.02 | |||||
| 2025 | $-116M | 24.5% (57.7%) | PreTax Margin | -44.42 | BV/Share | 1 | |||||
| 5Y Average FCF | $-129M | -10.5% (41.2%) | |||||||||
| 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 (4.0%) | ||||||||||
| 2026 | $-134M | MBG Intrinsic Value | $-3 | ||||||||
| 2027 | $-140M | ||||||||||
| 2028 | $-145M | ||||||||||
| 2029 | $-151M | ||||||||||
| 2030 | $-157M | ||||||||||
| 2031 | $-163M | ||||||||||
| Terminal Value | $-3B | Net Worth/Share | $1 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $-3B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $271M | $-7 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $389M | WACC | 7.3% | -6 | -6 | -7 | -7 | -8 | |||
| Equity Value | $-3B | 7.4% | -6 | -6 | -7 | -7 | -8 | ||||
| Shares Outstanding | 461,432,000 | 7.4% | -6 | -6 | -7 | -7 | -8 | ||||
| 7.9% | -5 | -6 | -6 | -6 | -7 | ||||||
| DCF Intrinsic Value | $-7 | 8.4% | -5 | -5 | -5 | -6 | -6 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||