| Intrinsic Valuation of: WWD | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 8 | Market Cap | $21B | |||||
| 2021 | - | - (-) | P/E Ratio | 42 | Total Asset | $5B | |||||
| 2022 | $141M | - (-) | Net Income | $442M | Total Debt | $457M | |||||
| 2023 | $232M | 64.8% (34.8%) | EBITDA | $680M | Total Liab | $2B | |||||
| 2024 | $343M | 47.7% (29.5%) | Opr Margin | 13.43 | Debt/Equity | 0.18 | |||||
| 2025 | $340M | -0.7% (-7.5%) | PreTax Margin | 12.14 | BV/Share | 22 | |||||
| 5Y Average FCF | $264M | 15.0% (18.9%) | |||||||||
| 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): | 8.55% | 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%) | ||||||||||
| 2026 | $365M | MBG Intrinsic Value | $75 | ||||||||
| 2027 | $411M | ||||||||||
| 2028 | $452M | ||||||||||
| 2029 | $486M | ||||||||||
| 2030 | $510M | ||||||||||
| 2031 | $522M | ||||||||||
| Terminal Value | $9B | Net Worth/Share | $43 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $7B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $327M | $123 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $457M | WACC | 6.5% | 154 | 168 | 185 | 207 | 236 | |||
| Equity Value | $7B | 7.5% | 128 | 137 | 148 | 161 | 177 | ||||
| Shares Outstanding | 59,582,861 | 8.6% | 109 | 115 | 123 | 131 | 142 | ||||
| 9.6% | 95 | 99 | 105 | 111 | 118 | ||||||
| DCF Intrinsic Value | $123 | 10.6% | 84 | 87 | 91 | 95 | 100 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||