| Intrinsic Valuation of: SFM | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 4 | Market Cap | $16B | |||||
| 2021 | - | - (-) | P/E Ratio | 37 | Total Asset | $4B | |||||
| 2022 | $262M | - (-) | Net Income | $381M | Total Debt | $0 | |||||
| 2023 | $247M | -5.8% (-10.2%) | EBITDA | $786M | Total Liab | $2B | |||||
| 2024 | $240M | -3.1% (-9.2%) | Opr Margin | 0.07 | Debt/Equity | - | |||||
| 2025 | $415M | 73.0% (53.3%) | PreTax Margin | 6.64 | BV/Share | 7 | |||||
| 5Y Average FCF | $291M | 21.4% (11.3%) | |||||||||
| 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 (21.4%) | ||||||||||
| 2026 | $504M | MBG Intrinsic Value | $40 | ||||||||
| 2027 | $611M | ||||||||||
| 2028 | $742M | ||||||||||
| 2029 | $901M | ||||||||||
| 2030 | $1B | ||||||||||
| 2031 | $1B | ||||||||||
| Terminal Value | $28B | Net Worth/Share | $14 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $22B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $265M | $226 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $0 | WACC | 7.3% | 197 | 213 | 231 | 254 | 283 | |||
| Equity Value | $22B | 7.4% | 195 | 211 | 229 | 251 | 279 | ||||
| Shares Outstanding | 97,858,600 | 7.4% | 194 | 208 | 226 | 248 | 275 | ||||
| 7.9% | 177 | 190 | 204 | 221 | 242 | ||||||
| DCF Intrinsic Value | $226 | 8.4% | 164 | 174 | 186 | 200 | 217 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||