| 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 | $16B | |||||
| 2021 | - | - (-) | P/E Ratio | 20 | Total Asset | $21B | |||||
| 2022 | $926M | - (-) | Net Income | $797M | Total Debt | $7B | |||||
| 2023 | $964M | 4.1% (-0.1%) | EBITDA | $2B | Total Liab | $14B | |||||
| 2024 | $1B | 17.6% (10.0%) | Opr Margin | 22.91 | Debt/Equity | 1.07 | |||||
| 2025 | $1B | 27.3% (19.4%) | PreTax Margin | 15.98 | BV/Share | -28 | |||||
| 5Y Average FCF | $1B | 10.1% (9.8%) | |||||||||
| 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): | 8.03% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (10.1%) | ||||||||||
| 2026 | $1B | MBG Intrinsic Value | $29 | ||||||||
| 2027 | $2B | ||||||||||
| 2028 | $2B | ||||||||||
| 2029 | $2B | ||||||||||
| 2030 | $2B | ||||||||||
| 2031 | $2B | ||||||||||
| Terminal Value | $36B | Net Worth/Share | $29 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $30B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $462M | $97 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $7B | WACC | 6.5% | 117 | 130 | 146 | 167 | 194 | |||
| Equity Value | $23B | 7.4% | 95 | 104 | 114 | 127 | 144 | ||||
| Shares Outstanding | 240,834,039 | 8.3% | 78 | 85 | 92 | 101 | 112 | ||||
| 9.2% | 66 | 70 | 76 | 82 | 90 | ||||||
| DCF Intrinsic Value | $97 | 10.0% | 56 | 59 | 64 | 68 | 74 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||