| Intrinsic Valuation of: WDC | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 3 | Market Cap | $22B | |||||
| 2021 | - | - (-) | P/E Ratio | 22 | Total Asset | $24B | |||||
| 2022 | $752M | - (-) | Net Income | $-798M | Total Debt | $6B | |||||
| 2023 | $758M | 0.8% (-9.2%) | EBITDA | $324M | Total Liab | $13B | |||||
| 2024 | $-1B | -262.1% (-347.4%) | Opr Margin | 0.02 | Debt/Equity | 0.51 | |||||
| 2025 | $-781M | 36.5% (39.8%) | PreTax Margin | -1.59 | BV/Share | 2 | |||||
| 5Y Average FCF | $-125M | -75.0% (-105.6%) | |||||||||
| 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 (4.0%) | ||||||||||
| 2026 | $-130M | MBG Intrinsic Value | $26 | ||||||||
| 2027 | $-135M | ||||||||||
| 2028 | $-141M | ||||||||||
| 2029 | $-146M | ||||||||||
| 2030 | $-152M | ||||||||||
| 2031 | $-158M | ||||||||||
| Terminal Value | $-3B | Net Worth/Share | $32 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $-3B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $2B | $-19 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $6B | WACC | 7.3% | -18 | -19 | -19 | -20 | -21 | |||
| Equity Value | $-7B | 7.4% | -18 | -18 | -19 | -20 | -21 | ||||
| Shares Outstanding | 348,878,016 | 7.4% | -18 | -18 | -19 | -20 | -21 | ||||
| 7.9% | -17 | -18 | -18 | -19 | -19 | ||||||
| DCF Intrinsic Value | $-19 | 8.4% | -17 | -17 | -18 | -18 | -19 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||