| Intrinsic Valuation of: TMUS | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 9 | Market Cap | $200B | |||||
| 2021 | - | - (-) | P/E Ratio | 20 | Total Asset | $219B | |||||
| 2022 | $-520M | - (-) | Net Income | $11B | Total Debt | $81B | |||||
| 2023 | $8B | 1590.0% (1609.2%) | EBITDA | $32B | Total Liab | $160B | |||||
| 2024 | $10B | 28.8% (24.3%) | Opr Margin | 21.01 | Debt/Equity | 1.37 | |||||
| 2025 | $15B | 54.5% (42.5%) | PreTax Margin | 16.74 | BV/Share | -52 | |||||
| 5Y Average FCF | $8B | 15.0% (558.7%) | |||||||||
| 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 (15.0%) | ||||||||||
| 2026 | $16B | MBG Intrinsic Value | $84 | ||||||||
| 2027 | $18B | ||||||||||
| 2028 | $20B | ||||||||||
| 2029 | $22B | ||||||||||
| 2030 | $23B | ||||||||||
| 2031 | $23B | ||||||||||
| Terminal Value | $527B | Net Worth/Share | $55 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $447B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $6B | $343 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $81B | WACC | 6.5% | 317 | 352 | 395 | 450 | 524 | |||
| Equity Value | $371B | 7.1% | 274 | 300 | 332 | 372 | 422 | ||||
| Shares Outstanding | 1,082,204,717 | 7.8% | 238 | 259 | 283 | 312 | 349 | ||||
| 8.4% | 209 | 226 | 245 | 267 | 294 | ||||||
| DCF Intrinsic Value | $343 | 9.0% | 186 | 199 | 214 | 232 | 253 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||