| Intrinsic Valuation of: JKHY | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 6 | Market Cap | $12B | |||||
| 2021 | - | - (-) | P/E Ratio | 26 | Total Asset | $3B | |||||
| 2022 | $313M | - (-) | Net Income | $456M | Total Debt | $0 | |||||
| 2023 | $175M | -44.3% (-47.9%) | EBITDA | $801M | Total Liab | $913M | |||||
| 2024 | $336M | 92.2% (80.3%) | Opr Margin | 0.24 | Debt/Equity | - | |||||
| 2025 | $410M | 22.3% (14.0%) | PreTax Margin | 23.50 | BV/Share | 9 | |||||
| 5Y Average FCF | $308M | 23.4% (15.5%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.5% | Historical US Bond Yield: | 4.4% | ||||||||
| Discount Rate (WACC): | 7.4% | Current US Bond Yield: | 3.5% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (23.4%) | ||||||||||
| 2026 | $506M | MBG Intrinsic Value | $56 | ||||||||
| 2027 | $625M | ||||||||||
| 2028 | $771M | ||||||||||
| 2029 | $952M | ||||||||||
| 2030 | $1B | ||||||||||
| 2031 | $1B | ||||||||||
| Terminal Value | $30B | Net Worth/Share | $29 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $24B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $102M | $327 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $0 | WACC | 7.3% | 285 | 307 | 334 | 368 | 410 | |||
| Equity Value | $24B | 7.4% | 282 | 304 | 331 | 363 | 404 | ||||
| Shares Outstanding | 72,871,400 | 7.4% | 279 | 301 | 327 | 359 | 399 | ||||
| 7.9% | 256 | 273 | 294 | 320 | 351 | ||||||
| DCF Intrinsic Value | $327 | 8.4% | 235 | 250 | 267 | 288 | 313 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||