Discounted Cash Flow (DCF) Analysis Levered

Jabil Inc. (JBL)

$76.8

-0.40 (-0.52%)
All numbers are in Millions, Currency in USD
Stock DCF: 18.11 | 76.8 | overvalue

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 22,095.4225,282.3227,266.4429,28533,47837,159.9341,246.8045,783.1550,818.4056,407.44
Revenue (%)
Operating Cash Flow 933.851,193.071,257.281,4331,6511,737.701,928.812,140.952,376.412,637.77
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 -102.80187.59274.24274266223.90248.53275.86306.20339.87

Weighted Average Cost Of Capital

Share price $ 76.8
Beta 1.400
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 10.161
Total Debt 3,411
Total Equity 11,089.92
Total Capital 14,500.92
Debt Weighting 23.52
Equity Weighting 76.48
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 22,095.4225,282.3227,266.4429,28533,47837,159.9341,246.8045,783.1550,818.4056,407.44
Operating Cash Flow 933.851,193.071,257.281,4331,6511,737.701,928.812,140.952,376.412,637.77
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 -102.80187.59274.24274266223.90248.53275.86306.20339.87
WACC
PV LFCF 206.15210.68215.32220.05224.89
SUM PV LFCF 1,077.09

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.61
Free cash flow (t + 1) 346.67
Terminal Value 5,244.65
Present Value of Terminal Value 3,470.30

Intrinsic Value

Enterprise Value 4,547.40
Net Debt 1,933
Equity Value 2,614.40
Shares Outstanding 144.40
Equity Value Per Share 18.11