| Intrinsic Valuation of: SSNC | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 3 | Market Cap | $21B | |||||
| 2021 | - | - (-) | P/E Ratio | 26 | Total Asset | $19B | |||||
| 2022 | $1B | - (-) | Net Income | $760M | Total Debt | $7B | |||||
| 2023 | $926M | -28.4% (-31.5%) | EBITDA | $2B | Total Liab | $12B | |||||
| 2024 | $964M | 4.1% (-0.1%) | Opr Margin | 0.23 | Debt/Equity | 1.06 | |||||
| 2025 | $1B | 17.6% (10.0%) | PreTax Margin | 14.97 | BV/Share | -25 | |||||
| 5Y Average FCF | $1B | -2.2% (-7.2%) | |||||||||
| 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 (4.0%) | ||||||||||
| 2026 | $1B | MBG Intrinsic Value | $29 | ||||||||
| 2027 | $1B | ||||||||||
| 2028 | $1B | ||||||||||
| 2029 | $1B | ||||||||||
| 2030 | $1B | ||||||||||
| 2031 | $1B | ||||||||||
| Terminal Value | $30B | Net Worth/Share | $27 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $25B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $567M | $77 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $7B | WACC | 7.3% | 65 | 71 | 79 | 89 | 101 | |||
| Equity Value | $19B | 7.4% | 64 | 71 | 78 | 88 | 100 | ||||
| Shares Outstanding | 246,662,000 | 7.4% | 63 | 70 | 77 | 86 | 98 | ||||
| 7.9% | 56 | 61 | 68 | 75 | 84 | ||||||
| DCF Intrinsic Value | $77 | 8.4% | 50 | 55 | 60 | 66 | 73 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||