| Intrinsic Valuation of: WDAY | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2021 | - | - | EPS (FY) | 3 | Market Cap | $31B | |||||
| 2022 | - | - (-) | P/E Ratio | 48 | Total Asset | $18B | |||||
| 2023 | $1B | - (-) | Net Income | $693M | Total Debt | $3B | |||||
| 2024 | $2B | 47.6% (26.4%) | EBITDA | $1B | Total Liab | $10B | |||||
| 2025 | $2B | 14.8% (-1.3%) | Opr Margin | 10.72 | Debt/Equity | 0.38 | |||||
| 2026 | $3B | 26.9% (12.2%) | PreTax Margin | 9.53 | BV/Share | 9 | |||||
| 5Y Average FCF | $2B | 15.0% (12.4%) | |||||||||
| 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): | 8.63% | 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%) | ||||||||||
| 2027 | $3B | MBG Intrinsic Value | $23 | ||||||||
| 2028 | $3B | ||||||||||
| 2029 | $4B | ||||||||||
| 2030 | $4B | ||||||||||
| 2031 | $4B | ||||||||||
| 2032 | $4B | ||||||||||
| Terminal Value | $70B | Net Worth/Share | $38 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $59B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $2B | $283 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $3B | WACC | 6.6% | 356 | 387 | 426 | 475 | 540 | |||
| Equity Value | $58B | 7.6% | 295 | 316 | 340 | 370 | 407 | ||||
| Shares Outstanding | 203,712,072 | 8.6% | 252 | 266 | 283 | 302 | 326 | ||||
| 9.6% | 219 | 229 | 241 | 255 | 271 | ||||||
| DCF Intrinsic Value | $283 | 10.6% | 193 | 201 | 210 | 220 | 231 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||