| Intrinsic Valuation of: UTHR | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 27 | Market Cap | $24B | |||||
| 2021 | - | - (-) | P/E Ratio | 21 | Total Asset | $8B | |||||
| 2022 | $664M | - (-) | Net Income | $1B | Total Debt | $0 | |||||
| 2023 | $748M | 12.6% (-6.3%) | EBITDA | $2B | Total Liab | $784M | |||||
| 2024 | $1B | 44.5% (16.9%) | Opr Margin | 47.67 | Debt/Equity | - | |||||
| 2025 | $1B | -4.2% (-13.4%) | PreTax Margin | 47.06 | BV/Share | 164 | |||||
| 5Y Average FCF | $882M | 15.0% (-0.9%) | |||||||||
| 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 | $1B | MBG Intrinsic Value | $242 | ||||||||
| 2027 | $1B | ||||||||||
| 2028 | $1B | ||||||||||
| 2029 | $2B | ||||||||||
| 2030 | $2B | ||||||||||
| 2031 | $2B | ||||||||||
| Terminal Value | $37B | Net Worth/Share | $167 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $31B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $2B | $774 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $0 | WACC | 6.5% | 728 | 790 | 867 | 966 | 1,098 | |||
| Equity Value | $33B | 7.1% | 651 | 698 | 755 | 825 | 916 | ||||
| Shares Outstanding | 42,446,733 | 7.8% | 587 | 624 | 667 | 720 | 785 | ||||
| 8.4% | 536 | 565 | 599 | 639 | 687 | ||||||
| DCF Intrinsic Value | $774 | 9.0% | 493 | 517 | 544 | 576 | 613 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||