| Intrinsic Valuation of: VOD | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | -0 | Market Cap | $34B | |||||
| 2021 | - | - (-) | P/E Ratio | - | Total Asset | $129B | |||||
| 2022 | $11B | - (-) | Net Income | $-4B | Total Debt | $38B | |||||
| 2023 | $10B | -7.7% (-9.3%) | EBITDA | $12B | Total Liab | $75B | |||||
| 2024 | $10B | -5.8% (-3.4%) | Opr Margin | 11.22 | Debt/Equity | 0.70 | |||||
| 2025 | $9B | -10.5% (-12.3%) | PreTax Margin | 5.11 | BV/Share | 8 | |||||
| 5Y Average FCF | $10B | 2.5% (-8.3%) | |||||||||
| 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 (2.5%) | ||||||||||
| 2026 | $9B | MBG Intrinsic Value | $-1 | ||||||||
| 2027 | $10B | ||||||||||
| 2028 | $10B | ||||||||||
| 2029 | $10B | ||||||||||
| 2030 | $10B | ||||||||||
| 2031 | $10B | ||||||||||
| Terminal Value | $238B | Net Worth/Share | $23 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $205B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $9B | $77 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $38B | WACC | 6.5% | 71 | 79 | 88 | 100 | 115 | |||
| Equity Value | $177B | 7.1% | 62 | 68 | 74 | 83 | 94 | ||||
| Shares Outstanding | 2,302,635,474 | 7.8% | 55 | 59 | 64 | 70 | 78 | ||||
| 8.4% | 48 | 52 | 56 | 61 | 66 | ||||||
| DCF Intrinsic Value | $77 | 9.0% | 43 | 46 | 49 | 53 | 58 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||