**What is the company's current free cash flow?**

**How many shares are on issue?**

**How much cash does the company have?**

**How much debt does the company have?**

**Growth Rate for Year 1-5 (%)**

**Growth rate for Year 6-10 (%)**

**What would be a reasonable rate of return for you?**

**Companies current share price?**

**VALUATION**

**Intrinsic value/share: **

**$55.80**

**Current share price: **

**$5**

**Margin of safety:**

**91%**

(See calculations below)

# Intrinsic Value Calculation

**Year**

Year 1

Year 2

Year 3

Year 4

Year 5

Year 6

Year 7

Year 8

Year 9

Year 10

Sum of present values

Add cash

Less debt

Intrinsic value of company

Number of shares

Intrinsic value per share

Current share price

Margin of safety

**Forecast FCF**

105

105

105

105

105

105

105

105

105

105

**Present value**

120

120

120

120

120

120

120

120

120

120

1664

1664

1664

1664

1664

$55.80

$5

**91%**