| Intrinsic Valuation of: SNPS | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 7 | Market Cap | $96B | |||||
| 2021 | - | - (-) | P/E Ratio | 77 | Total Asset | $48B | |||||
| 2022 | $2B | - (-) | Net Income | $1B | Total Debt | $13B | |||||
| 2023 | $2B | -5.5% (-18.0%) | EBITDA | $3B | Total Liab | $20B | |||||
| 2024 | $1B | -16.1% (-27.2%) | Opr Margin | 12.97 | Debt/Equity | 0.48 | |||||
| 2025 | $1B | 6.4% (-7.5%) | PreTax Margin | 6.64 | BV/Share | -59 | |||||
| 5Y Average FCF | $1B | 7.1% (-17.6%) | |||||||||
| 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): | 9.47% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (7.1%) | ||||||||||
| 2026 | $1B | MBG Intrinsic Value | $59 | ||||||||
| 2027 | $2B | ||||||||||
| 2028 | $2B | ||||||||||
| 2029 | $2B | ||||||||||
| 2030 | $2B | ||||||||||
| 2031 | $2B | ||||||||||
| Terminal Value | $27B | Net Worth/Share | $148 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $23B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $3B | $64 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $13B | WACC | 7.5% | 90 | 100 | 112 | 126 | 145 | |||
| Equity Value | $12B | 8.5% | 69 | 76 | 84 | 93 | 105 | ||||
| Shares Outstanding | 191,562,027 | 9.5% | 53 | 58 | 64 | 70 | 78 | ||||
| 10.5% | 41 | 44 | 49 | 53 | 59 | ||||||
| DCF Intrinsic Value | $64 | 11.5% | 31 | 34 | 37 | 41 | 45 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||