Intrinsic Valuation of NVDA
	NVDA Free Cash Flow Average and Growth over past 5Y					Key Statistics
	Year		FCF	FCF Growth
	2021		$8,132,000,000	73.24%		EPS (FY)	3.85		Market Cap	451B
	2020		$4,694,000,000	9.88%		P/E Ratio	47.79		Total Asset	45B
	2019		$4,272,000,000	35.92%		Net Income	10B		Total Debt	12B
	2018		$3,143,000,000	8.04%		EBITDA	13B		Total Liab	18B
	2017		$2,909,000,000	94.45%		Opr Margin	0.4036		Debt/Equity	0.44
	2016		$1,496,000,000			PreTax Margin	0.3284		BV/Share	10.62
	5Y Average FCF		$4,630,000,000	44.31%
						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):	14.24%				Current US Bond Yield:			1.48%
	Forcasting Future Free Cash Flow for next 6Y					Modified Benjamin Graham's Intrinsic Value
	Year		FCF Projection
	2022		$11,735,088,857			MBG Intrinsic Value			$81.69
	2023		$16,934,617,621
	2024		$24,437,929,481
	2025		$35,265,773,974
	2026		$50,891,169,602
	2027		$73,439,793,082
	Terminal Value		$641,353,553,031			Net Worth/Share			$11.07
	DCF Valuation			DCF Valuation "What If" Scenario Table
	Enterprise Value	$372,160,489,198				Growth Rate
	(+) Cash & Cash Equivalents	$21,208,000,000			152.92	1.50%	2.00%	2.50%	3.00%	3.50%
	(-) Total Debt	$11,687,000,000		WACC	14.14%	145.5	149.8	154.5	159.7	165.3
	Equity Value	$381,681,489,198			14.19%	144.8	149.0	153.7	158.8	164.3
	Shares Outstanding	2496000000			14.24%	144.0	148.3	152.9	157.9	163.4
					14.74%	137.0	140.8	145.0	149.4	154.3
	DCF Intrinsic Value	$152.92			15.24%	130.5	134.0	137.7	141.7	146.1
Swarnadeep Seth (2022)