Discounted Cash Flow (DCF) Analysis Levered
Jabil Inc. (JBL)
$82.33
-0.21 (-0.25%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
Revenue | 22,095.42 | 25,282.32 | 27,266.44 | 29,285 | 33,478 | 37,159.93 | 41,246.80 | 45,783.15 | 50,818.40 | 56,407.44 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 933.85 | 1,193.07 | 1,257.28 | 1,433 | 1,651 | 1,737.70 | 1,928.81 | 2,140.95 | 2,376.41 | 2,637.77 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -1,036.65 | -1,005.48 | -983.03 | -1,159 | -1,385 | -1,513.80 | -1,680.29 | -1,865.09 | -2,070.21 | -2,297.89 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -102.80 | 187.59 | 274.24 | 274 | 266 | 223.90 | 248.53 | 275.86 | 306.20 | 339.87 |
Weighted Average Cost Of Capital
Share price | $ 82.33 |
---|---|
Beta | 1.431 |
Diluted Shares Outstanding | 144.40 |
Cost of Debt | |
Tax Rate | 19.09 |
After-tax Cost of Debt | 3.58% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 10.256 |
Total Debt | 3,411 |
Total Equity | 11,888.45 |
Total Capital | 15,299.45 |
Debt Weighting | 22.29 |
Equity Weighting | 77.71 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
Revenue | 22,095.42 | 25,282.32 | 27,266.44 | 29,285 | 33,478 | 37,159.93 | 41,246.80 | 45,783.15 | 50,818.40 | 56,407.44 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 933.85 | 1,193.07 | 1,257.28 | 1,433 | 1,651 | 1,737.70 | 1,928.81 | 2,140.95 | 2,376.41 | 2,637.77 |
Capital Expenditure | -1,036.65 | -1,005.48 | -983.03 | -1,159 | -1,385 | -1,513.80 | -1,680.29 | -1,865.09 | -2,070.21 | -2,297.89 |
Free Cash Flow | -102.80 | 187.59 | 274.24 | 274 | 266 | 223.90 | 248.53 | 275.86 | 306.20 | 339.87 |
WACC | ||||||||||
PV LFCF | 205.85 | 210.06 | 214.37 | 218.76 | 223.24 | |||||
SUM PV LFCF | 1,072.28 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 8.77 |
Free cash flow (t + 1) | 346.67 |
Terminal Value | 5,120.70 |
Present Value of Terminal Value | 3,363.44 |
Intrinsic Value
Enterprise Value | 4,435.72 |
---|---|
Net Debt | 1,933 |
Equity Value | 2,502.72 |
Shares Outstanding | 144.40 |
Equity Value Per Share | 17.33 |