| Intrinsic Valuation of: SNY | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 2 | Market Cap | $102B | |||||
| 2021 | - | - (-) | P/E Ratio | 18 | Total Asset | $127B | |||||
| 2022 | $8B | - (-) | Net Income | $8B | Total Debt | $14B | |||||
| 2023 | $7B | -12.7% (-14.9%) | EBITDA | $12B | Total Liab | $55B | |||||
| 2024 | $6B | -19.9% (-24.8%) | Opr Margin | 20.54 | Debt/Equity | 0.20 | |||||
| 2025 | $7B | 22.5% (16.2%) | PreTax Margin | 19.20 | BV/Share | 2 | |||||
| 5Y Average FCF | $7B | 3.5% (-7.8%) | |||||||||
| 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): | 7.00% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (3.5%) | ||||||||||
| 2026 | $7B | MBG Intrinsic Value | $21 | ||||||||
| 2027 | $8B | ||||||||||
| 2028 | $8B | ||||||||||
| 2029 | $8B | ||||||||||
| 2030 | $8B | ||||||||||
| 2031 | $9B | ||||||||||
| Terminal Value | $195B | Net Worth/Share | $30 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $168B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $8B | $67 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $14B | WACC | 6.5% | 63 | 69 | 76 | 85 | 98 | |||
| Equity Value | $162B | 7.1% | 56 | 60 | 66 | 72 | 81 | ||||
| Shares Outstanding | 2,395,909,672 | 7.8% | 50 | 53 | 57 | 62 | 68 | ||||
| 8.4% | 45 | 48 | 51 | 55 | 59 | ||||||
| DCF Intrinsic Value | $67 | 9.0% | 41 | 43 | 46 | 49 | 52 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||