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Jack Henry & Associates Inc
JKHY
Services-Computer Integrated Systems Design
Mkt Cap
$11.85BPE
31.32Debt
$250MCash
$27.25MEV
$12.08BFCF
$464.5MP/E Ratio
31.32Debt
$250MCash
$27.25MEV
$12.08BFCF
$464.5MCharts data: {"Earnings":[{"time":"2014-06-29","value":186715000},{"time":"2015-06-29","value":211221000},{"time":"2016-06-29","value":248867000},{"time":"2017-06-29","value":245793000},{"time":"2018-06-29","value":376660000},{"time":"2019-06-29","value":271885000},{"time":"2020-06-29","value":296668000},{"time":"2021-06-29","value":311469000},{"time":"2022-06-29","value":362916000},{"time":"2023-06-29","value":366646000}],"Sales":[{"time":"2014-06-29","value":1210053000},{"time":"2015-06-29","value":1256190000},{"time":"2016-06-29","value":1354646000},{"time":"2017-06-29","value":1431117000},{"time":"2018-06-29","value":1536603000},{"time":"2019-06-29","value":1552691000},{"time":"2020-06-29","value":1697067000},{"time":"2021-06-29","value":1758225000},{"time":"2022-06-29","value":1942884000},{"time":"2023-06-29","value":2077702000}],"Net Margins":[{"time":"2014-06-29","value":0.15430315862197772},{"time":"2015-06-29","value":0.16814415016836626},{"time":"2016-06-29","value":0.1837136787027755},{"time":"2017-06-29","value":0.17174906034936346},{"time":"2018-06-29","value":0.2451251234053298},{"time":"2019-06-29","value":0.17510567137955974},{"time":"2020-06-29","value":0.17481219067956658},{"time":"2021-06-29","value":0.17714968220790855},{"time":"2022-06-29","value":0.1867924178695177},{"time":"2023-06-29","value":0.17646707756935306}],"Assets":[{"time":"2014-06-29","value":1624292000},{"time":"2015-06-29","value":1836835000},{"time":"2016-06-29","value":1815512000},{"time":"2017-06-29","value":1908945000},{"time":"2018-06-29","value":2050303000},{"time":"2019-06-29","value":2184829000},{"time":"2020-06-29","value":2428474000},{"time":"2021-06-29","value":2336156000},{"time":"2022-06-29","value":2455564000},{"time":"2023-06-29","value":2773826000}],"Stockholders Equity":[{"time":"2014-06-29","value":1038161000},{"time":"2015-06-29","value":991534000},{"time":"2016-06-29","value":996210000},{"time":"2017-06-29","value":1032051000},{"time":"2018-06-29","value":1266828000},{"time":"2019-06-29","value":1429013000},{"time":"2020-06-29","value":1549688000},{"time":"2021-06-29","value":1319292000},{"time":"2022-06-29","value":1381623000},{"time":"2023-06-29","value":1608510000}],"ROE":[{"time":"2014-06-29","value":0.1798516800380673},{"time":"2015-06-29","value":0.2130244651217205},{"time":"2016-06-29","value":0.2498137942803224},{"time":"2017-06-29","value":0.23815974210576804},{"time":"2018-06-29","value":0.2973252880422599},{"time":"2019-06-29","value":0.190260690420591},{"time":"2020-06-29","value":0.19143724414204666},{"time":"2021-06-29","value":0.2360879926506035},{"time":"2022-06-29","value":0.2626736816048951},{"time":"2023-06-29","value":0.22794138674922754}],"ROA":[{"time":"2014-06-29","value":0.19231517485772262},{"time":"2015-06-29","value":0.17314238894620365},{"time":"2016-06-29","value":0.19937406087098294},{"time":"2017-06-29","value":0.1927504459269387},{"time":"2018-06-29","value":0.1916516729478521},{"time":"2019-06-29","value":0.15935388993829724},{"time":"2020-06-29","value":0.15720324780088238},{"time":"2021-06-29","value":0.1707373137752787},{"time":"2022-06-29","value":0.19328309097217583},{"time":"2023-06-29","value":0.1732942152824294}]}
Jack Henry & Associates, Inc., a financial technology company that connects people and financial institutions through technology and services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand. It also provides a suite of integrated applications required to process deposit, loan, and general ledger transactions, as well as to maintain centralized customer/member information; and complementary products and services that enable core bank and credit union clients to respond to evolving customer/member demands. The company's Jack Henry Banking business brand offers SilverLake, a robust primarily designed for commercial-focused banks; CIF 20/20, a parameter-driven, easy-to-use system for banks; and Core Director, a cost-efficient system with point-and-click operation. Its Symitar business brand provides Episys, a robust designed for credit unions. In addition, the company offers digital products and services and electronic payment solutions; purchases and resells hardware systems, including servers, workstations, scanners, and other devices; and provides implementation, training, and support services. Jack Henry & Associates, Inc. was founded in 1976 and is headquartered in Monett, Missouri.
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DCF
Discounted Cash Flow Valuation of Jack Henry & Associates Inc
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $464.5M | $483.1M | $502.5M | $522.7M | $543.7M | $565.5M | $588.2M | $611.8M | $636.4M | $662M | $688.5M | $6.885B |
| DCF | $420.1M | $380M | $343.7M | $310.9M | $281.2M | $254.3M | $230M | $208M | $188.2M | $170.2M | $1.702B | |
| Value | $4.488B | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 5.6%
Earnings Stability 62%
Competitiveness and MOAT
High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.
| Years | 06-2015 | 06-2016 | 06-2017 | 06-2018 | 06-2019 | 06-2020 | 06-2021 | 06-2022 | 06-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 17% | 18% | 17% | 25% | 18% | 17% | 18% | 19% | 18% | 17% |
| ROA | 17% | 20% | 19% | 19% | 16% | 16% | 17% | 19% | 17% | 18% |
| ROE | 21% | 25% | 24% | 30% | 19% | 19% | 24% | 26% | 23% | 21% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +18.92%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is -0.87%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +17.43%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +0.07%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +23.43%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is -0.24%.
Safety & Stabiliy
Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.
| Years | 06-2015 | 06-2016 | 06-2017 | 06-2018 | 06-2019 | 06-2020 | 06-2021 | 06-2022 | 06-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | 0.17 | 0.00 | 0.16 | 0.00 | 0.00 | 0.00 | 0.23 | 0.24 | 0.80 | 0.54 |
| Debt Equity | 0.05 | 0.00 | 0.05 | 0.00 | 0.00 | 0.00 | 0.08 | 0.08 | 0.17 | 0.14 |
| MIN | ||||||||||
| Graham Stability | - | - | 100% | 100% | 94% | 100% | 99% | 100% | 100% | 94% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 0.54.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is 0.14.
What is the Graham’s Stability?
Graham’s Stability measure stands at 0.94.
Growth
Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.
| Years | 06-2016 | 06-2018 | 06-2020 | 06-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 6.3% | 6.2% | 7% | 6.9% | 0.31% |
| Net Income | 5.7% | -0.54% | 7.3% | 1% | -1.4% |
| Stockholders Equity | 7.1% | 4.9% | 1.2% | 16% | 0.75% |
| FCF | 1.5% | -1.6% | -9.2% | -27% | -1.7% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +6.22%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is +0.31%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is -0.54%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -1.4%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +4.89%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is +0.75%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is -1.65%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is -1.68%.