Intrinsic Valuation of: SLMBP
	Free Cash Flow Average and Growth over past 5Y					Key Statistics
	Year		FCF	FCF (FCF/Revenue)
	2020		-	-		EPS (FY)	2		Market Cap	$5B
	2021		-	- (-)		P/E Ratio	34		Total Asset	$30B
	2022		$-50M	- (-)		Net Income	$608M		Total Debt	$6B
	2023		$5M	110.1% (111.2%)		EBITDA	-		Total Liab	$28B
	2024		$-145M	-2997.4% (-3019.9%)		Opr Margin	-		Debt/Equity	2.98
	2025		$-329M	-127.7% (-122.8%)		PreTax Margin	-		BV/Share	4
	5Y Average FCF		$-130M	-1005.0% (-1010.5%)
						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		$-135M			MBG Intrinsic Value			$19
	2027		$-140M
	2028		$-146M
	2029		$-152M
	2030		$-158M
	2031		$-164M
	Terminal Value		$-3B			Net Worth/Share			$5
	DCF Valuation			DCF Valuation "What If" Scenario Table
	Enterprise Value	$-3B				Growth Rate
	(+) Cash & Cash Equivalents	$5B			$-11	1.5%	2.0%	2.5%	3.0%	3.5%
	(-) Total Debt	$6B		WACC	7.3%	-10	-10	-11	-11	-12
	Equity Value	$-5B			7.4%	-10	-10	-11	-11	-12
	Shares Outstanding	435,660,992			7.4%	-10	-10	-11	-11	-12
					7.9%	-9	-10	-10	-11	-11
	DCF Intrinsic Value	$-11			8.4%	-9	-9	-10	-10	-10
Analyzed by QuantJuice (2025)