| Intrinsic Valuation of: SNPS | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 9 | Market Cap | $81B | |||||
| 2021 | - | - (-) | P/E Ratio | 60 | Total Asset | $13B | |||||
| 2022 | $1B | - (-) | Net Income | $2B | Total Debt | $16M | |||||
| 2023 | $2B | 14.5% (4.3%) | EBITDA | $2B | Total Liab | $4B | |||||
| 2024 | $2B | -5.5% (-18.0%) | Opr Margin | 0.22 | Debt/Equity | 0.00 | |||||
| 2025 | $1B | -15.1% (-26.3%) | PreTax Margin | 21.55 | BV/Share | 34 | |||||
| 5Y Average FCF | $1B | -2.0% (-13.3%) | |||||||||
| 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 (4.0%) | ||||||||||
| 2026 | $1B | MBG Intrinsic Value | $77 | ||||||||
| 2027 | $1B | ||||||||||
| 2028 | $1B | ||||||||||
| 2029 | $2B | ||||||||||
| 2030 | $2B | ||||||||||
| 2031 | $2B | ||||||||||
| Terminal Value | $34B | Net Worth/Share | $58 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $29B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $4B | $211 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $16M | WACC | 7.3% | 189 | 201 | 215 | 232 | 255 | |||
| Equity Value | $33B | 7.4% | 187 | 199 | 213 | 230 | 252 | ||||
| Shares Outstanding | 155,160,992 | 7.4% | 186 | 197 | 211 | 228 | 249 | ||||
| 7.9% | 173 | 183 | 194 | 207 | 223 | ||||||
| DCF Intrinsic Value | $211 | 8.4% | 162 | 170 | 179 | 190 | 203 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||