DCF Tool

JBHT

J.B. Hunt Transport Services, Inc. – General Freight Trucking, Long-Distance, Truckload
j.b. hunt transport, inc. is a fortune 500 company that specializes in freight shipping for large and small businesses. a top-ranked third party logistics (3pl) provider and one of the largest transportation logistics companies in north america, we provide safe and reliable transportation services for a diverse group of customers throughout the continental united states, canada and mexico. utilizing an integrated, multimodal approach, j.b. hunt offers capacity-oriented solutions centered on delivering customer value and industry-leading service.
Analysis Results
Intrinsic Value $64.83
Latest Price $189.49
Relative Value 192% overvalued
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Cash Flow (Millions)
Analysis Parameters
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Analysis Details
Growth Rate Projection

An exponential growth model was fit to the past cash flow data, giving more weight to more recent years. This model determined a growth rate estimate of 9.6%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 8.5%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 9.6%, the cash flows for the next 5 years are projected.

The present value of each year's flow is adjusted to present value using the discount rate.

Year Future flow (million) Present value (million)
2023 363 334
2024 397 337
2025 436 341
2026 478 344
2027 524 348
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 8170 million. This corresponds to a present value of 5000 million.

Intrinsic Value Per Share

The total present value of the projected cash flows is 1700 million. Adding in the terminal value gives a total present value of 6700 million.

There are presently 103.0 million outstanding shares, so the intrinsic value per share is 64.83.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 2,211,778,000
Current Cash 51,927,000
Current Liabilities 1,568,231,000
Current Debt 0
Non-Cash Working Capital (NCWC) 591,620,000
Change in NCWC 7,428,000
EBIT 1,331,553,000
Tax Provision 312,022,000
Depreciation and Amortization 728,317,000
Capital Expenditure -1,540,796,000
Unlevered Free Cash Flow 202,260,869
Current Assets 2,313,369,000
Current Cash 355,549,000
Current Liabilities 1,729,600,000
Current Debt 355,972,000
Non-Cash Working Capital (NCWC) 584,192,000
Change in NCWC 140,180,000
EBIT 1,045,530,000
Tax Provision 238,966,000
Depreciation and Amortization 612,230,000
Capital Expenditure -947,563,000
Unlevered Free Cash Flow 600,473,900
Current Assets 1,842,117,000
Current Cash 313,302,000
Current Liabilities 1,084,803,000
Current Debt 0
Non-Cash Working Capital (NCWC) 444,012,000
Change in NCWC 33,479,000
EBIT 713,119,000
Tax Provision 159,990,000
Depreciation and Amortization 527,375,000
Capital Expenditure -738,545,000
Unlevered Free Cash Flow 364,125,257
Current Assets 1,481,299,000
Current Cash 35,000,000
Current Liabilities 1,035,766,000
Current Debt 0
Non-Cash Working Capital (NCWC) 410,533,000
Change in NCWC 16,794,000
EBIT 733,825,000
Tax Provision 164,575,000
Depreciation and Amortization 499,145,000
Capital Expenditure -854,115,000
Unlevered Free Cash Flow 218,280,610
Current Assets 1,502,981,000
Current Cash 7,600,000
Current Liabilities 1,352,348,000
Current Debt 250,706,000
Non-Cash Working Capital (NCWC) 393,739,000
Change in NCWC -8,533,000
EBIT 681,021,000
Tax Provision 151,233,000
Depreciation and Amortization 435,893,000
Capital Expenditure -995,650,000
Unlevered Free Cash Flow -47,989,904
Current Assets 1,338,728,000
Current Cash 14,612,000
Current Liabilities 921,844,000
Current Debt 0
Non-Cash Working Capital (NCWC) 402,272,000
Change in NCWC 36,102,000
EBIT 623,789,000
Tax Provision -91,024,000
Depreciation and Amortization 383,518,000
Capital Expenditure -526,928,000
Unlevered Free Cash Flow 516,481,000
Current Assets 945,681,000
Current Cash 6,377,000
Current Liabilities 573,134,000
Current Debt 0
Non-Cash Working Capital (NCWC) 366,170,000
Change in NCWC 44,786,000
EBIT 721,020,000
Tax Provision 263,707,000
Depreciation and Amortization 361,510,000
Capital Expenditure -638,430,000
Unlevered Free Cash Flow 215,619,485
Current Assets 859,367,000
Current Cash 5,566,000
Current Liabilities 532,417,000
Current Debt 0
Non-Cash Working Capital (NCWC) 321,384,000
Change in NCWC -31,715,000
EBIT 715,694,000
Tax Provision 262,968,000
Depreciation and Amortization 339,613,000
Capital Expenditure -725,122,000
Unlevered Free Cash Flow 25,789,904
Current Assets 880,130,000
Current Cash 5,961,000
Current Liabilities 771,070,000
Current Debt 250,000,000
Non-Cash Working Capital (NCWC) 353,099,000
Change in NCWC 141,023,000
EBIT 631,542,000
Tax Provision 229,809,000
Depreciation and Amortization 294,496,000
Capital Expenditure -808,569,000
Unlevered Free Cash Flow 18,442,718
Current Assets 680,203,000
Current Cash 5,831,000
Current Liabilities 712,296,000
Current Debt 250,000,000
Non-Cash Working Capital (NCWC) 212,076,000
Change in NCWC 65,893,000
EBIT 576,708,000
Tax Provision 211,186,000
Depreciation and Amortization 253,380,000
Capital Expenditure -493,431,000
Unlevered Free Cash Flow 182,536,098
Current Assets 554,532,000
Current Cash 5,589,000
Current Liabilities 502,760,000
Current Debt 100,000,000
Non-Cash Working Capital (NCWC) 146,183,000
Change in NCWC 26,606,000
EBIT 530,200,000
Tax Provision 194,287,000
Depreciation and Amortization 229,166,000
Capital Expenditure -439,494,000
Unlevered Free Cash Flow 142,350,774

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