Intrinsic Valuation of GOOGL
	GOOGL Free Cash Flow Average and Growth over past 5Y					Key Statistics
	Year		FCF	FCF Growth
	2021		$67,012,000,000	56.41%		EPS (FY)	5.61		Market Cap	1511B
	2020		$42,843,000,000	38.33%		P/E Ratio	20.60		Total Asset	357B
	2019		$30,972,000,000	35.65%		Net Income	76B		Total Debt	29B
	2018		$22,832,000,000	-4.50%		EBITDA	95B		Total Liab	108B
	2017		$23,907,000,000	-7.42%		Opr Margin	0.3033		Debt/Equity	0.11
	2016		$25,824,000,000			PreTax Margin	0.3276		BV/Share	19.00
	5Y Average FCF		$37,513,200,000	23.69%
						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):	9.43%				Current US Bond Yield:			1.48%
	Forcasting Future Free Cash Flow for next 6Y					Modified Benjamin Graham's Intrinsic Value
	Year		FCF Projection
	2022		$82,890,214,064			MBG Intrinsic Value			$118.32
	2023		$102,530,704,764
	2024		$126,824,927,864
	2025		$156,875,565,859
	2026		$194,046,577,262
	2027		$240,025,104,872
	Terminal Value		$3,548,837,598,911			Net Worth/Share			$18.68
	DCF Valuation			DCF Valuation "What If" Scenario Table
	Enterprise Value	$2,519,179,492,983				Growth Rate
	(+) Cash & Cash Equivalents	$139,649,000,000			196.98	1.50%	2.00%	2.50%	3.00%	3.50%
	(-) Total Debt	$28,508,000,000		WACC	9.33%	180.5	189.7	200.2	212.4	226.7
	Equity Value	$2,630,320,492,983			9.38%	179.3	188.3	198.6	210.6	224.6
	Shares Outstanding	13353000000			9.43%	178.0	186.9	197.1	208.8	222.5
					9.93%	166.3	173.9	182.6	192.5	203.9
	DCF Intrinsic Value	$196.98			10.43%	156.0	162.6	170.0	178.4	188.0
Swarnadeep Seth (2022)