| Intrinsic Valuation of: VLYPP | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 1 | Market Cap | $3B | |||||
| 2021 | - | - (-) | P/E Ratio | 23 | Total Asset | $62B | |||||
| 2022 | $837M | - (-) | Net Income | $380M | Total Debt | $3B | |||||
| 2023 | $1B | 70.6% (25.1%) | EBITDA | - | Total Liab | $55B | |||||
| 2024 | $378M | -73.5% (-73.8%) | Opr Margin | - | Debt/Equity | 0.43 | |||||
| 2025 | $549M | 45.0% (48.0%) | PreTax Margin | - | BV/Share | 15 | |||||
| 5Y Average FCF | $798M | 14.1% (-0.2%) | |||||||||
| 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 (14.1%) | ||||||||||
| 2026 | $626M | MBG Intrinsic Value | $10 | ||||||||
| 2027 | $714M | ||||||||||
| 2028 | $814M | ||||||||||
| 2029 | $928M | ||||||||||
| 2030 | $1B | ||||||||||
| 2031 | $1B | ||||||||||
| Terminal Value | $25B | Net Worth/Share | $22 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $20B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $2B | $58 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $3B | WACC | 7.3% | 50 | 54 | 59 | 65 | 73 | |||
| Equity Value | $19B | 7.4% | 49 | 53 | 58 | 64 | 72 | ||||
| Shares Outstanding | 331,492,000 | 7.4% | 49 | 53 | 58 | 63 | 71 | ||||
| 7.9% | 44 | 48 | 52 | 56 | 62 | ||||||
| DCF Intrinsic Value | $58 | 8.4% | 41 | 43 | 47 | 50 | 55 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||