| Intrinsic Valuation of: JKHY | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 7 | Market Cap | $10B | |||||
| 2021 | - | - (-) | P/E Ratio | 19 | 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 | 23.94 | Debt/Equity | - | |||||
| 2025 | $410M | 22.3% (14.0%) | PreTax Margin | 23.50 | BV/Share | 9 | |||||
| 5Y Average FCF | $308M | 13.5% (15.5%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.48% | Historical US Bond Yield: | 4.40% | ||||||||
| Discount Rate (WACC): | 7.00% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (13.5%) | ||||||||||
| 2026 | $431M | MBG Intrinsic Value | $64 | ||||||||
| 2027 | $480M | ||||||||||
| 2028 | $524M | ||||||||||
| 2029 | $560M | ||||||||||
| 2030 | $586M | ||||||||||
| 2031 | $600M | ||||||||||
| Terminal Value | $14B | Net Worth/Share | $30 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $12B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $102M | $164 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $0 | WACC | 6.5% | 154 | 168 | 185 | 207 | 236 | |||
| Equity Value | $12B | 7.1% | 137 | 147 | 160 | 176 | 195 | ||||
| Shares Outstanding | 71,050,780 | 7.8% | 123 | 131 | 141 | 152 | 167 | ||||
| 8.4% | 112 | 118 | 126 | 134 | 145 | ||||||
| DCF Intrinsic Value | $164 | 9.0% | 102 | 108 | 114 | 121 | 129 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||