Intrinsic Valuation of INTC
	INTC Free Cash Flow Average and Growth over past 5Y					Key Statistics
	Year		FCF	FCF Growth
	2021		$9,662,000,000	-54.26%		EPS (FY)	4.86		Market Cap	147B
	2020		$21,125,000,000	24.76%		P/E Ratio	7.93		Total Asset	170B
	2019		$16,932,000,000	18.81%		Net Income	20B		Total Debt	39B
	2018		$14,251,000,000	37.93%		EBITDA	25B		Total Liab	73B
	2017		$10,332,000,000	-15.19%		Opr Margin	0.1745		Debt/Equity	0.35
	2016		$12,183,000,000			PreTax Margin	0.2835		BV/Share	23.44
	5Y Average FCF		$14,460,400,000	2.41%
						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):	6.45%				Current US Bond Yield:			1.48%
	Forcasting Future Free Cash Flow for next 6Y					Modified Benjamin Graham's Intrinsic Value
	Year		FCF Projection
	2022		$9,894,876,471			MBG Intrinsic Value			$102.02
	2023		$10,133,365,802
	2024		$10,377,603,276
	2025		$10,627,727,436
	2026		$10,883,880,165
	2027		$11,146,206,764
	Terminal Value		$289,041,522,034			Net Worth/Share			$24.00
	DCF Valuation			DCF Valuation "What If" Scenario Table
	Enterprise Value	$237,316,188,355				Growth Rate
	(+) Cash & Cash Equivalents	$28,413,000,000			55.96	1.50%	2.00%	2.50%	3.00%	3.50%
	(-) Total Debt	$38,576,000,000		WACC	6.35%	47.4	51.9	57.5	64.9	74.8
	Equity Value	$227,153,188,355			6.40%	46.9	51.3	56.8	63.9	73.5
	Shares Outstanding	4059000000			6.45%	46.4	50.6	56.0	62.9	72.2
					6.95%	41.8	45.2	49.3	54.5	61.3
	DCF Intrinsic Value	$55.96			7.45%	37.9	40.7	44.0	48.0	53.1
Swarnadeep Seth (2022)