| Intrinsic Valuation of: WDAY | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 2 | Market Cap | $64B | |||||
| 2021 | - | - (-) | P/E Ratio | 133 | Total Asset | $18B | |||||
| 2022 | $1B | - (-) | Net Income | $526M | Total Debt | $3B | |||||
| 2023 | $1B | -6.3% (-22.5%) | EBITDA | $1B | Total Liab | $9B | |||||
| 2024 | $2B | 47.6% (26.4%) | Opr Margin | 0.06 | Debt/Equity | 0.33 | |||||
| 2025 | $2B | 14.8% (-1.3%) | PreTax Margin | 4.56 | BV/Share | 24 | |||||
| 5Y Average FCF | $2B | 18.7% (0.9%) | |||||||||
| 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 (18.7%) | ||||||||||
| 2026 | $3B | MBG Intrinsic Value | $16 | ||||||||
| 2027 | $3B | ||||||||||
| 2028 | $4B | ||||||||||
| 2029 | $4B | ||||||||||
| 2030 | $5B | ||||||||||
| 2031 | $6B | ||||||||||
| Terminal Value | $127B | Net Worth/Share | $42 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $102B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $2B | $465 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $3B | WACC | 7.3% | 404 | 436 | 475 | 523 | 583 | |||
| Equity Value | $100B | 7.4% | 400 | 432 | 470 | 516 | 575 | ||||
| Shares Outstanding | 215,748,992 | 7.4% | 397 | 428 | 465 | 510 | 567 | ||||
| 7.9% | 363 | 388 | 418 | 454 | 499 | ||||||
| DCF Intrinsic Value | $465 | 8.4% | 334 | 355 | 380 | 409 | 444 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||