Discounted Cash Flow (DCF) Analysis Unlevered

JPMorgan U.S. Equity Fund Class R2 (JUEZX)

$22.34

+0.03 (+0.13%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 22.34 | undervalue

Operating Data

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 103,744110,134102,471130,898122,306128,537.22135,085.91141,968.24149,201.21156,802.69
Revenue (%)
EBITDA -1,837-2,028-2,836-2,257-2,050-2,514.21-2,642.30-2,776.92-2,918.40-3,067.08
EBITDA (%)
EBIT -9,628-10,396-11,450-10,189-9,101-11,598.93-12,189.86-12,810.91-13,463.60-14,149.54
EBIT (%)
Depreciation 7,7918,3688,6147,9327,0519,084.729,547.5610,033.9910,545.2011,082.46
Depreciation (%)

Balance Sheet Data

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Total Cash 238,077217,142503,209721,201540,525491,174.19516,198.44542,497.62570,136.69599,183.90
Total Cash (%)
Account Receivables ----------
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable ----------
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 22.34
Beta 0.980
Diluted Shares Outstanding 2,970
Cost of Debt
Tax Rate 22.25
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.911
Total Debt -
Total Equity 66,349.80
Total Capital -
Debt Weighting -
Equity Weighting -
Wacc

Build Up Free Cash

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 103,744110,134102,471130,898122,306128,537.22135,085.91141,968.24149,201.21156,802.69
EBITDA -1,837-2,028-2,836-2,257-2,050-2,514.21-2,642.30-2,776.92-2,918.40-3,067.08
EBIT -9,628-10,396-11,450-10,189-9,101-11,598.93-12,189.86-12,810.91-13,463.60-14,149.54
Tax Rate 24.67%22.79%23.47%21.93%22.25%23.02%23.02%23.02%23.02%23.02%
EBIAT -7,253.12-8,026.97-8,762.93-7,955.06-7,075.62-8,928.82-9,383.72-9,861.80-10,364.24-10,892.27
Depreciation 7,7918,3688,6147,9327,0519,084.729,547.5610,033.9910,545.2011,082.46
Accounts Receivable ----------
Inventories ----------
Accounts Payable ----------
Capital Expenditure ----------
UFCF -----155.90163.84172.19180.96190.18
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 193.99
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -540,525
Equity Value -
Shares Outstanding 2,970
Equity Value Per Share -