| 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 | $13B | |||||
| 2021 | - | - (-) | P/E Ratio | 31 | Total Asset | $3B | |||||
| 2022 | $304M | - (-) | Net Income | $382M | Total Debt | $60M | |||||
| 2023 | $313M | 2.9% (-6.8%) | EBITDA | $714M | Total Liab | $1B | |||||
| 2024 | $175M | -44.3% (-47.9%) | Opr Margin | 0.22 | Debt/Equity | 0.03 | |||||
| 2025 | $336M | 92.2% (80.3%) | PreTax Margin | 21.35 | BV/Share | 5 | |||||
| 5Y Average FCF | $282M | 17.0% (8.5%) | |||||||||
| 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 (17.0%) | ||||||||||
| 2026 | $393M | MBG Intrinsic Value | $53 | ||||||||
| 2027 | $459M | ||||||||||
| 2028 | $537M | ||||||||||
| 2029 | $628M | ||||||||||
| 2030 | $735M | ||||||||||
| 2031 | $860M | ||||||||||
| Terminal Value | $18B | Net Worth/Share | $25 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $14B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $38M | $197 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $60M | WACC | 7.3% | 172 | 185 | 201 | 221 | 246 | |||
| Equity Value | $14B | 7.4% | 170 | 183 | 199 | 219 | 243 | ||||
| Shares Outstanding | 72,816,000 | 7.4% | 169 | 182 | 197 | 216 | 240 | ||||
| 7.9% | 155 | 165 | 178 | 193 | 211 | ||||||
| DCF Intrinsic Value | $197 | 8.4% | 142 | 151 | 162 | 174 | 189 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||