Discounted Cash Flow

Jacobs Solutions Inc.

J · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $11.0b $210.5m $612.5m 1.9% $1.45
2017 $10.0b (-8.6%) $170.2m (-19.1%) $456.8m (-25.4%) 1.7% (-11.6%) $2.01 (38.9%)
2018 $15.0b (49.5%) $-4.2m (-102.5%) $386.3m (-15.4%) -0.0% (-101.6%) $0.98 (-51.4%)
2019 $12.7b (-15.0%) $291.0m (7052.4%) $-502.4m (-230.1%) 2.3% (8278.8%) $5.08 (420.3%)
2020 $13.6b (6.5%) $353.9m (21.6%) $688.6m (237.1%) 2.6% (14.2%) $3.09 (-39.1%)
2021 $14.1b (3.9%) $467.0m (32.0%) $633.5m (-8.0%) 3.3% (27.1%) $2.66 (-13.9%)
2022 $14.9b (5.9%) $644.1m (37.9%) $347.1m (-45.2%) 4.3% (30.2%) $4.14 (55.6%)
2023 $16.4b (9.6%) $666.6m (3.5%) $837.3m (141.2%) 4.1% (-5.5%) $4.40 (6.2%)
2024 $11.5b (-29.7%) $612.8m (-8.1%) $933.6m (11.5%) 5.3% (30.7%) $6.29 (42.9%)
2025 $12.0b (4.6%) $313.3m (-48.9%) $607.5m (-34.9%) 2.6% (-51.1%) $2.39 (-62.0%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model