| Intrinsic Valuation of: WDC | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 4 | Market Cap | $28B | |||||
| 2021 | - | - (-) | P/E Ratio | 18 | 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 | 0.22 | Debt/Equity | 0.45 | |||||
| 2025 | $1B | 263.8% (208.7%) | PreTax Margin | 18.62 | BV/Share | 3 | |||||
| 5Y Average FCF | $7M | 12.7% (-113.8%) | |||||||||
| 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 (12.7%) | ||||||||||
| 2026 | $1B | MBG Intrinsic Value | $40 | ||||||||
| 2027 | $2B | ||||||||||
| 2028 | $2B | ||||||||||
| 2029 | $2B | ||||||||||
| 2030 | $2B | ||||||||||
| 2031 | $3B | ||||||||||
| Terminal Value | $54B | Net Worth/Share | $16 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $45B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $2B | $127 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $2B | WACC | 7.3% | 111 | 120 | 130 | 143 | 159 | |||
| Equity Value | $44B | 7.4% | 110 | 119 | 129 | 141 | 157 | ||||
| Shares Outstanding | 346,921,984 | 7.4% | 109 | 117 | 127 | 139 | 155 | ||||
| 7.9% | 100 | 107 | 115 | 125 | 136 | ||||||
| DCF Intrinsic Value | $127 | 8.4% | 92 | 98 | 105 | 112 | 122 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||