DCF Tool

WLY

John Wiley & Sons Inc. – Newspaper Publishers
founded in 1807, john wiley & sons, inc. has been a valued source of information and understanding for more than 200 years, helping people around the world meet their needs and fulfill their aspirations. wiley and its acquired companies have published the works of more than 400 nobel laureates in all categories: literature, economics, physiology or medicine, physics, chemistry, and peace. our core businesses publish scientific, technical, medical, and scholarly journals, encyclopedias, books, and online products and services; professional/trade books, subscription products, training materials, and online applications and web sites; and educational materials for undergraduate and graduate students and lifelong learners. wiley's global headquarters are located in hoboken, new jersey, with operations in the u.s., europe, asia, canada, and australia. the company's web site can be accessed at http://www.wiley.com. the company is listed on the new york stock exchange under the symbols jwa
Analysis Results
Intrinsic Value $123.30
Latest Price $32.90
Relative Value 73% undervalued
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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 5.3%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 7.3%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 5.3%, 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)
2024 284 264
2025 299 259
2026 315 255
2027 332 250
2028 349 245
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 6690 million. This corresponds to a present value of 4380 million.

Intrinsic Value Per Share

The total present value of the projected cash flows is 1270 million. Adding in the terminal value gives a total present value of 5650 million.

There are presently 45.8 million outstanding shares, so the intrinsic value per share is 123.3.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 541,279,000
Current Cash 106,714,000
Current Liabilities 895,553,000
Current Debt 5,000,000
Non-Cash Working Capital (NCWC) -455,988,000
Change in NCWC 44,212,000
EBIT 205,079,000
Tax Provision 15,867,000
Depreciation and Amortization 213,253,000
Capital Expenditure -104,113,000
Unlevered Free Cash Flow 260,123,190
Current Assets 550,866,000
Current Cash 100,397,000
Current Liabilities 969,419,000
Current Debt 18,750,000
Non-Cash Working Capital (NCWC) -500,200,000
Change in NCWC 43,770,000
EBIT 217,849,000
Tax Provision 61,352,000
Depreciation and Amortization 215,170,000
Capital Expenditure -115,858,000
Unlevered Free Cash Flow 297,182,988
Current Assets 526,297,000
Current Cash 93,795,000
Current Liabilities 988,972,000
Current Debt 12,500,000
Non-Cash Working Capital (NCWC) -543,970,000
Change in NCWC -45,939,000
EBIT 218,821,000
Tax Provision 27,656,000
Depreciation and Amortization 200,189,000
Capital Expenditure -103,361,000
Unlevered Free Cash Flow 235,308,062
Current Assets 614,927,000
Current Cash 202,464,000
Current Liabilities 927,269,000
Current Debt 16,775,000
Non-Cash Working Capital (NCWC) -498,031,000
Change in NCWC -32,759,000
EBIT 180,668,000
Tax Provision 11,195,000
Depreciation and Amortization 175,127,000
Capital Expenditure -115,201,000
Unlevered Free Cash Flow 207,835,000
Current Assets 490,780,000
Current Cash 92,890,000
Current Liabilities 870,562,000
Current Debt 7,400,000
Non-Cash Working Capital (NCWC) -465,272,000
Change in NCWC 85,741,000
EBIT 227,107,000
Tax Provision 44,689,000
Depreciation and Amortization 161,155,000
Capital Expenditure -101,593,000
Unlevered Free Cash Flow 324,750,505
Current Assets 479,971,000
Current Cash 169,773,000
Current Liabilities 874,311,000
Current Debt 13,100,000
Non-Cash Working Capital (NCWC) -551,013,000
Change in NCWC -64,376,000
EBIT 268,101,000
Tax Provision 21,745,000
Depreciation and Amortization 153,989,000
Capital Expenditure -150,728,000
Unlevered Free Cash Flow 179,734,894
Current Assets 359,735,000
Current Cash 58,516,000
Current Liabilities 787,856,000
Current Debt 0
Non-Cash Working Capital (NCWC) -486,637,000
Change in NCWC -11,703,000
EBIT 219,508,000
Tax Provision 77,473,000
Depreciation and Amortization 156,561,000
Capital Expenditure -148,259,000
Unlevered Free Cash Flow 127,124,689
Current Assets 670,679,000
Current Cash 363,806,000
Current Liabilities 781,807,000
Current Debt 0
Non-Cash Working Capital (NCWC) -474,934,000
Change in NCWC -54,729,000
EBIT 216,724,000
Tax Provision 29,011,000
Depreciation and Amortization 155,849,000
Capital Expenditure -130,977,000
Unlevered Free Cash Flow 150,896,566
Current Assets 740,919,000
Current Cash 457,441,000
Current Liabilities 803,683,000
Current Debt 100,000,000
Non-Cash Working Capital (NCWC) -420,205,000
Change in NCWC 6,097,000
EBIT 266,543,000
Tax Provision 48,593,000
Depreciation and Amortization 153,925,000
Capital Expenditure -108,542,000
Unlevered Free Cash Flow 260,575,707
Current Assets 789,662,000
Current Cash 486,377,000
Current Liabilities 729,587,000
Current Debt 0
Non-Cash Working Capital (NCWC) -426,302,000
Change in NCWC -59,964,000
EBIT 254,181,000
Tax Provision 35,024,000
Depreciation and Amortization 148,097,000
Capital Expenditure -98,132,000
Unlevered Free Cash Flow 198,653,164

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.