Intrinsic Valuation of AMD
	AMD Free Cash Flow Average and Growth over past 5Y					Key Statistics
	Year		FCF	FCF Growth
	2021		$3,220,000,000	314.41%		EPS (FY)	2.57		Market Cap	148B
	2020		$777,000,000	181.52%		P/E Ratio	33.35		Total Asset	67B
	2019		$276,000,000	313.95%		Net Income	3B		Total Debt	1B
	2018		($129,000,000)	-27.72%		EBITDA	5B		Total Liab	5B
	2017		($101,000,000)	-876.92%		Opr Margin	0.2052		Debt/Equity	0.04
	2016		$13,000,000			PreTax Margin	0.2078		BV/Share	6.21
	5Y Average FCF		$808,600,000	-18.95%
						Overall Market Assumptions:
	Assumptions:					P/E for No-Growth Company:			7.00
	Perpetual Growth Rate (g):	2.50%				Historical US Bond Yield:			4.40%
	Discount Rete (WACC):	12.69%				Current US Bond Yield:			1.48%
	Forcasting Future Free Cash Flow for next 6Y					Modified Benjamin Graham's Intrinsic Value
	Year		FCF Projection
	2022		$2,609,770,025			MBG Intrinsic Value			$54.51
	2023		$2,115,186,206
	2024		$1,714,332,161
	2025		$1,389,444,934
	2026		$1,126,127,869
	2027		$912,712,658
	Terminal Value		$9,177,741,341			Net Worth/Share			$51.11
	DCF Valuation			DCF Valuation "What If" Scenario Table
	Enterprise Value	$11,081,813,727				Growth Rate
	(+) Cash & Cash Equivalents	$3,608,000,000			11.51	1.50%	2.00%	2.50%	3.00%	3.50%
	(-) Total Debt	$732,000,000		WACC	12.59%	11.2	11.4	11.6	11.8	12.0
	Equity Value	$13,957,813,727			12.64%	11.2	11.4	11.5	11.7	11.9
	Shares Outstanding	1213000000			12.69%	11.2	11.3	11.5	11.7	11.9
					13.19%	10.9	11.0	11.2	11.4	11.5
	DCF Intrinsic Value	$11.51			13.69%	10.6	10.8	10.9	11.1	11.2
Swarnadeep Seth (2022)