| Intrinsic Valuation of: VRTX | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 17 | Market Cap | $111B | |||||
| 2021 | - | - (-) | P/E Ratio | 26 | Total Asset | $26B | |||||
| 2022 | $4B | - (-) | Net Income | $4B | Total Debt | $0 | |||||
| 2023 | $3B | -16.5% (-24.4%) | EBITDA | $5B | Total Liab | $7B | |||||
| 2024 | $-978M | -129.8% (-126.7%) | Opr Margin | 37.95 | Debt/Equity | - | |||||
| 2025 | $3B | 426.6% (399.9%) | PreTax Margin | 37.84 | BV/Share | 68 | |||||
| 5Y Average FCF | $2B | 15.0% (82.9%) | |||||||||
| 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 | $4B | MBG Intrinsic Value | $151 | ||||||||
| 2027 | $4B | ||||||||||
| 2028 | $5B | ||||||||||
| 2029 | $5B | ||||||||||
| 2030 | $5B | ||||||||||
| 2031 | $5B | ||||||||||
| Terminal Value | $122B | Net Worth/Share | $74 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $104B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $5B | $428 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $0 | WACC | 6.5% | 403 | 437 | 480 | 535 | 608 | |||
| Equity Value | $109B | 7.1% | 360 | 386 | 418 | 457 | 507 | ||||
| Shares Outstanding | 253,805,417 | 7.8% | 325 | 345 | 369 | 398 | 434 | ||||
| 8.4% | 296 | 312 | 331 | 354 | 380 | ||||||
| DCF Intrinsic Value | $428 | 9.0% | 273 | 286 | 301 | 319 | 339 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||