| Intrinsic Valuation of: WWD | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 6 | Market Cap | $15B | |||||
| 2021 | - | - (-) | P/E Ratio | 39 | Total Asset | $4B | |||||
| 2022 | $427M | - (-) | Net Income | $373M | Total Debt | $570M | |||||
| 2023 | $141M | -67.0% (-68.9%) | EBITDA | $618M | Total Liab | $2B | |||||
| 2024 | $232M | 64.8% (34.8%) | Opr Margin | 0.13 | Debt/Equity | 0.26 | |||||
| 2025 | $343M | 47.7% (29.5%) | PreTax Margin | 11.44 | BV/Share | 15 | |||||
| 5Y Average FCF | $286M | 15.2% (-1.5%) | |||||||||
| 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 (15.2%) | ||||||||||
| 2026 | $395M | MBG Intrinsic Value | $57 | ||||||||
| 2027 | $455M | ||||||||||
| 2028 | $524M | ||||||||||
| 2029 | $603M | ||||||||||
| 2030 | $695M | ||||||||||
| 2031 | $800M | ||||||||||
| Terminal Value | $17B | Net Worth/Share | $36 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $13B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $282M | $220 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $570M | WACC | 7.3% | 191 | 207 | 225 | 247 | 275 | |||
| Equity Value | $13B | 7.4% | 190 | 204 | 222 | 244 | 272 | ||||
| Shares Outstanding | 59,966,200 | 7.4% | 188 | 202 | 220 | 241 | 268 | ||||
| 7.9% | 172 | 184 | 198 | 215 | 236 | ||||||
| DCF Intrinsic Value | $220 | 8.4% | 158 | 168 | 180 | 194 | 210 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||