Intrinsic Valuation of: WDC
	Free Cash Flow Average and Growth over past 5Y					Key Statistics
	Year		FCF	FCF (FCF/Revenue)
	2020		-	-		EPS (FY)	17		Market Cap	$166B
	2021		-	- (-)		P/E Ratio	29		Total Asset	$14B
	2022		$758M	- (-)		Net Income	$2B		Total Debt	$2B
	2023		$-1B	-262.1% (-587.1%)		EBITDA	$2B		Total Liab	$8B
	2024		$-781M	36.5% (37.1%)		Opr Margin	22.37		Debt/Equity	0.45
	2025		$1B	263.8% (208.7%)		PreTax Margin	18.62		BV/Share	3
	5Y Average FCF		$7M	2.5% (-113.8%)
						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):	14.00%				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		$1B			MBG Intrinsic Value			$151
	2027		$1B
	2028		$1B
	2029		$1B
	2030		$1B
	2031		$1B
	Terminal Value		$12B			Net Worth/Share			$16
	DCF Valuation			DCF Valuation "What If" Scenario Table
	Enterprise Value	$11B				Growth Rate
	(+) Cash & Cash Equivalents	$2B			$30	1.5%	2.0%	2.5%	3.0%	3.5%
	(-) Total Debt	$2B		WACC	12.0%	34	35	36	38	39
	Equity Value	$10B			12.5%	33	33	35	36	37
	Shares Outstanding	344,682,131			13.0%	31	32	33	34	35
					13.5%	30	30	31	32	33
	DCF Intrinsic Value	$30			14.0%	28	29	30	31	32
Analyzed by QuantJuice (2025)