Discounted Cash Flow (DCF) Analysis Levered

Jackson Financial Inc. (JXN)

$37.84

+0.10 (+0.27%)
All numbers are in Millions, Currency in USD
Stock DCF: 253,343.95 | 37.84 | undervalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 3,2413,112.308,06414,318.8425,425.2545,146.3480,164.10142,343.38
Revenue (%)
Operating Cash Flow 4,3683,777.105,74315,624.3127,743.3049,262.3987,472.77155,321.01
Operating Cash Flow (%)
Capital Expenditure --------
Capital Expenditure (%)
Free Cash Flow ---15,624.3127,743.3049,262.3987,472.77155,321.01

Weighted Average Cost Of Capital

Share price $ 37.84
Beta 0.000
Diluted Shares Outstanding 94.47
Cost of Debt
Tax Rate 21.35
After-tax Cost of Debt 1.10%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.691
Total Debt 2,649
Total Equity 3,574.57
Total Capital 6,223.57
Debt Weighting 42.56
Equity Weighting 57.44
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 3,2413,112.308,06414,318.8425,425.2545,146.3480,164.10142,343.38
Operating Cash Flow 4,3683,777.105,74315,624.3127,743.3049,262.3987,472.77155,321.01
Capital Expenditure --------
Free Cash Flow ---15,624.3127,743.3049,262.3987,472.77155,321.01
WACC
PV LFCF 16,028.9827,743.3048,018.7183,111.82143,851.74
SUM PV LFCF 302,863.08

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 2.59
Free cash flow (t + 1) 158,427.43
Terminal Value 26,852,107.35
Present Value of Terminal Value 23,629,428.92

Intrinsic Value

Enterprise Value 23,932,292
Net Debt 26
Equity Value 23,932,266
Shares Outstanding 94.47
Equity Value Per Share 253,343.95