DCF Tool

JBHT

J.B. Hunt Transport Services, Inc. – General Freight Trucking, Long-Distance, Truckload
J.B. Hunt Transport Services, Inc., an S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America. Utilizing an integrated, multimodal approach, the company applies technology-driven methods to create the best solution for each customer, adding efficiency, flexibility, and value to their operations. J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than- truckload, flatbed, single source, final mile, and more.
Analysis Results
Intrinsic Value $282.98
Latest Price $177.91
Relative Value 37% undervalued
Thoughts on this result? Let us know.
Ad
Cash Flow (Billions)
Analysis Parameters
%
%
%
New Ticker
Ad
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 33.1%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 8.2%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 33.1%, 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 (billion) Present value (billion)
2022 0.736 0.681
2023 0.98 0.838
2024 1.3 1.03
2025 1.74 1.27
2026 2.31 1.56
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 38.3 billion. This corresponds to a present value of 23.9 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 5.38 billion. Adding in the terminal value gives a total present value of 29.3 billion.

There are presently 104.0 million outstanding shares, so the intrinsic value per share is 282.98.

Financial Statements

The following data was to determine the past cash flows.

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

This analysis is provided for informational purposes only and does not constitute financial or investing advice. For more information on the advantages and limitations of DCF analysis see background. This information is provided on an "as is" basis. No warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability or usefulness of any information. By using this site you agree that under no circumstances shall Valuation Tools LLC be held liable for any loss or damage caused by information obtained from this website including any articles, data, videos, its social media accounts, or any other materials.