| Intrinsic Valuation of: SNY | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 3 | Market Cap | $119B | |||||
| 2021 | - | - (-) | P/E Ratio | 17 | Total Asset | $133B | |||||
| 2022 | $8B | - (-) | Net Income | $6B | Total Debt | $12B | |||||
| 2023 | $8B | -0.7% (-4.1%) | EBITDA | $11B | Total Liab | $55B | |||||
| 2024 | $7B | -12.7% (-14.9%) | Opr Margin | 0.21 | Debt/Equity | 0.15 | |||||
| 2025 | $6B | -19.9% (-24.8%) | PreTax Margin | 19.67 | BV/Share | 5 | |||||
| 5Y Average FCF | $8B | -11.1% (-14.6%) | |||||||||
| 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 | $6B | MBG Intrinsic Value | $26 | ||||||||
| 2027 | $6B | ||||||||||
| 2028 | $7B | ||||||||||
| 2029 | $7B | ||||||||||
| 2030 | $7B | ||||||||||
| 2031 | $7B | ||||||||||
| Terminal Value | $155B | Net Worth/Share | $32 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $132B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $7B | $53 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $12B | WACC | 7.3% | 46 | 50 | 54 | 59 | 65 | |||
| Equity Value | $128B | 7.4% | 46 | 49 | 53 | 58 | 64 | ||||
| Shares Outstanding | 2,435,069,952 | 7.4% | 45 | 49 | 53 | 57 | 64 | ||||
| 7.9% | 42 | 44 | 48 | 51 | 56 | ||||||
| DCF Intrinsic Value | $53 | 8.4% | 38 | 41 | 43 | 46 | 50 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||