| Intrinsic Valuation of: RYAAY | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 5 | Market Cap | $28B | |||||
| 2021 | - | - (-) | P/E Ratio | 11 | Total Asset | $18B | |||||
| 2022 | $759M | - (-) | Net Income | $2B | Total Debt | $2B | |||||
| 2023 | $2B | 160.4% (16.0%) | EBITDA | $3B | Total Liab | $10B | |||||
| 2024 | $766M | -61.2% (-68.9%) | Opr Margin | 11.17 | Debt/Equity | 0.24 | |||||
| 2025 | $2B | 143.2% (134.4%) | PreTax Margin | 10.69 | BV/Share | 13 | |||||
| 5Y Average FCF | $1B | 15.0% (27.2%) | |||||||||
| 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): | 8.51% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (15.0%) | ||||||||||
| 2026 | $2B | MBG Intrinsic Value | $45 | ||||||||
| 2027 | $2B | ||||||||||
| 2028 | $2B | ||||||||||
| 2029 | $3B | ||||||||||
| 2030 | $3B | ||||||||||
| 2031 | $3B | ||||||||||
| Terminal Value | $48B | Net Worth/Share | $14 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $40B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $4B | $82 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $2B | WACC | 6.5% | 101 | 110 | 121 | 135 | 153 | |||
| Equity Value | $42B | 7.5% | 85 | 90 | 97 | 105 | 116 | ||||
| Shares Outstanding | 520,451,512 | 8.5% | 73 | 77 | 82 | 87 | 93 | ||||
| 9.5% | 64 | 67 | 70 | 74 | 78 | ||||||
| DCF Intrinsic Value | $82 | 10.5% | 57 | 59 | 62 | 65 | 68 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||