| Intrinsic Valuation of: TMUS | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 10 | Market Cap | $274B | |||||
| 2021 | - | - (-) | P/E Ratio | 24 | Total Asset | $208B | |||||
| 2022 | $-8B | - (-) | Net Income | $11B | Total Debt | $74B | |||||
| 2023 | $-520M | 93.3% (93.3%) | EBITDA | $31B | Total Liab | $146B | |||||
| 2024 | $8B | 1590.0% (1609.2%) | Opr Margin | 0.22 | Debt/Equity | 1.20 | |||||
| 2025 | $10B | 28.8% (24.3%) | PreTax Margin | 17.93 | BV/Share | -48 | |||||
| 5Y Average FCF | $2B | 570.7% (575.6%) | |||||||||
| 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 (25.0%) | ||||||||||
| 2026 | $12B | MBG Intrinsic Value | $92 | ||||||||
| 2027 | $16B | ||||||||||
| 2028 | $19B | ||||||||||
| 2029 | $24B | ||||||||||
| 2030 | $30B | ||||||||||
| 2031 | $38B | ||||||||||
| Terminal Value | $792B | Net Worth/Share | $54 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $620B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $5B | $486 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $74B | WACC | 7.3% | 414 | 452 | 498 | 554 | 625 | |||
| Equity Value | $551B | 7.4% | 410 | 447 | 492 | 547 | 616 | ||||
| Shares Outstanding | 1,135,449,984 | 7.4% | 405 | 442 | 486 | 539 | 607 | ||||
| 7.9% | 365 | 395 | 431 | 474 | 526 | ||||||
| DCF Intrinsic Value | $486 | 8.4% | 331 | 356 | 385 | 420 | 462 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||