| Intrinsic Valuation of: RPRX | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 2 | Market Cap | $30B | |||||
| 2021 | - | - (-) | P/E Ratio | 28 | Total Asset | $20B | |||||
| 2022 | $2B | - (-) | Net Income | $771M | Total Debt | $9B | |||||
| 2023 | $3B | 39.4% (32.4%) | EBITDA | $2B | Total Liab | $10B | |||||
| 2024 | $3B | -7.3% (-3.6%) | Opr Margin | 65.58 | Debt/Equity | 0.88 | |||||
| 2025 | $2B | -10.1% (-14.4%) | PreTax Margin | 52.64 | BV/Share | 13 | |||||
| 5Y Average FCF | $3B | 4.2% (4.8%) | |||||||||
| 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 (4.2%) | ||||||||||
| 2026 | $3B | MBG Intrinsic Value | $17 | ||||||||
| 2027 | $3B | ||||||||||
| 2028 | $3B | ||||||||||
| 2029 | $3B | ||||||||||
| 2030 | $3B | ||||||||||
| 2031 | $3B | ||||||||||
| Terminal Value | $70B | Net Worth/Share | $22 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $60B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $619M | $117 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $9B | WACC | 6.5% | 109 | 120 | 134 | 152 | 176 | |||
| Equity Value | $52B | 7.1% | 95 | 104 | 114 | 127 | 143 | ||||
| Shares Outstanding | 443,274,104 | 7.8% | 84 | 90 | 98 | 108 | 119 | ||||
| 8.4% | 74 | 80 | 86 | 93 | 102 | ||||||
| DCF Intrinsic Value | $117 | 9.0% | 67 | 71 | 76 | 82 | 88 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||