Discounted Cash Flow (DCF) Analysis Levered
Jabil Inc. (JBL)
$83.37
+0.23 (+0.28%)
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 | $ 83.37 |
|---|---|
| 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 | 10.136 |
| Total Debt | 3,411 |
| Total Equity | 12,038.63 |
| Total Capital | 15,449.63 |
| Debt Weighting | 22.08 |
| Equity Weighting | 77.92 |
| 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 | 206 | 210.37 | 214.84 | 219.40 | 224.06 | |||||
| SUM PV LFCF | 1,074.68 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 8.69 |
| Free cash flow (t + 1) | 346.67 |
| Terminal Value | 5,181.94 |
| Present Value of Terminal Value | 3,416.21 |
Intrinsic Value
| Enterprise Value | 4,490.89 |
|---|---|
| Net Debt | 1,933 |
| Equity Value | 2,557.89 |
| Shares Outstanding | 144.40 |
| Equity Value Per Share | 17.71 |