Complete JFB Stock Valuation Analysis
Comprehensive intrinsic value analysis using 3 different methodologies
JFB DCF Analysis
JFB (JFB Construction Holdings Class A Common Stock) discounted cash flow analysis with multiple scenarios, growth assumptions, and terminal value calculations
Financial Projections
| Metrics | 2022 (Historical) | 2023 (Historical) | 2024 (Historical) | 2025 (Projected) | 2026 (Projected) | 2027 (Projected) | 2028 (Projected) | 2029 (Projected) |
|---|---|---|---|---|---|---|---|---|
| Revenue | $24.2M | $32.4M | $23.1M | $21.3M | $19.8M | $18.5M | $17.5M | $16.6M |
| Revenue Growth % | - | 33.8% | -28.7% | -7.9% | -7.1% | -6.4% | -5.7% | -5.2% |
| EBIT | $2.5M | $4.0M | $-33.5K | $1.6M | $1.5M | $1.4M | $1.4M | $1.3M |
| EBIT Margin % | 10.2% | 12.4% | -0.1% | 7.5% | 7.6% | 7.7% | 7.8% | 7.9% |
| Tax Rate % | 0.0% | 0.0% | 0.0% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% |
| NOPAT | $2.5M | $4.0M | $-33.5K | $1.2M | $1.1M | $1.1M | $1.0M | $979.2K |
| NOPAT Margin % | 10.2% | 12.4% | -0.1% | 5.6% | 5.7% | 5.8% | 5.8% | 5.9% |
| Capex | $30.6K | $375.2K | $817.5K | $342.3K | $302.2K | $268.8K | $240.8K | $216.9K |
| Capex / Revenue % | 0.1% | 1.2% | 3.5% | 1.6% | 1.5% | 1.5% | 1.4% | 1.3% |
| Depreciation | $48.3K | $100.0K | $179.6K | $91.3K | $84.8K | $79.4K | $74.9K | $71.0K |
| D&A / Revenue % | 0.2% | 0.3% | 0.8% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% |
| Change in NWC | $0 | $3.8M | $-1.8M | $-837.5K | $-622.6K | $-466.4K | $-351.8K | $-266.9K |
| NWC Change / Revenue % | 0.0% | 11.6% | -7.9% | -3.9% | -3.1% | -2.5% | -2.0% | -1.6% |
| Unlevered FCF | $2.5M | $-18.6K | $1.1M | $1.8M | $1.5M | $1.3M | $1.2M | $1.1M |
| UFCF % Chg. | - | -100.8% | 6256.4% | 55.4% | -14.1% | -12.1% | -10.4% | -8.7% |
| FCF / Revenue % | 10.3% | -0.1% | 5.0% | 8.4% | 7.7% | 7.3% | 6.9% | 6.6% |
| Discount Factor | - | - | - | 0.920 | 0.846 | 0.778 | 0.716 | 0.658 |
| Present Value of FCF | - | - | - | $1.6M | $1.3M | $1.0M | $862.5K | $724.1K |
| Sum of PV of UFCF | - | - | - | $1.6M | $2.9M | $4.0M | $4.8M | $5.6M |
WACC Calculation
Weighted Average Cost of Capital used for discounting cash flows.
| WACC Calculation | Value |
|---|---|
| Cost of Debt | 7.4% |
| Tax Rate | 25.0% |
| After Tax Cost of Debt | 5.6% |
| Risk Free Rate | 4.43% |
| Market Risk Premium | 4.3% |
| Beta | 1.00 |
| Cost of Equity | 8.8% |
| Total Debt | $819.5K |
| Market Cap | $72.4M |
| Total Capital | $73.2M |
| Debt Weighting | 1.1% |
| Equity Weighting | 98.9% |
| WACC | 8.7% |
Terminal Value
Choose between perpetuity growth or exit multiple methods.
| Terminal Value Calculation | Value |
|---|---|
| Terminal Growth Rate | 2.5% |
| Final Year FCF | $1.1M |
| Terminal Value | $18.1M |
| PV of Terminal Value | $11.9M |
| Cumulative PV of UFCF | $5.6M |
| Net Debt | $-1.9M |
| Equity Value | $19.4M |
| Shares Outstanding | 9.3M |
| Implied Share Price | $2 |
| Current Share Price | $8 |
| Implied Upside/(Downside) | -73.2% |
Valuation Summary
$2.09
Implied Price
$7.82
Current Price
-73.2%
Upside/Downside
8.7%
WACC
JFB Peer Valuation Analysis
Relative valuation based on comparable company trading multiples
Peer Valuation Analysis
Fair Value Range Analysis
Based on median multiples from 6 peer companies in Real Estate
P/E Ratio
$0.26
-96.7%
Peer Median: 62.7x
EV/EBITDA
$0.31
-96.0%
Peer Median: 27.2x
P/S Ratio
$3.50
-55.2%
Peer Median: 1.2x
Interpretation: Each multiple provides a different perspective on fair value. Consider which multiple is most relevant for JFB's business model and current situation.
Multiple Comparison
| Multiple | JFB Current | Peer Median | Peer Average | Premium/Discount | Assessment |
|---|---|---|---|---|---|
| P/E Ratio | 1878.8x | 62.7x | 62.7x | 2898.3% | Overvalued |
| EV/EBITDA | 664.6x | 27.2x | 18.6x | 2341.6% | Overvalued |
| P/S Ratio | 2.8x | 1.2x | 1.2x | 123.4% | Overvalued |
Peer Companies
Click any company to view their valuation
| Company | Market Cap | P/E Ratio | EV/EBITDA | P/S Ratio |
|---|---|---|---|---|
| $0.07B | 0.0x | 9.9x | 0.1x | |
| $0.07B | 0.0x | 0.0x | 0.1x | |
| $0.07B | 1878.8x | 664.6x | 2.8x | |
| $0.01B | 0.0x | 0.0x | 0.9x | |
| $0.01B | 0.0x | 0.0x | 1.2x | |
| $57.25B | 62.7x | 27.2x | 2.3x |
JFB Graham Number
Benjamin Graham's conservative valuation formula for defensive investors
Input Data
| EPS (TTM) | $0.00 | Latest 10-K |
| Book Value per Share | $0.68 | Latest 10-K Balance Sheet |
| Graham Constant | 22.5 | Benjamin Graham's formula |
Graham Number Result
$0.25
Intrinsic Value
$7.82
Current Price
-96.8%
Upside/Downside
Confidence: High
Conservative value investing approach
Calculation Breakdown
Formula:
√(22.5 × EPS × BVPS)
Step 1: Multiply constant by EPS
22.5 × 0.00 = 0.09
Step 2: Multiply by Book Value per Share
0.09 × 0.68 = 0.06
Step 3: Take square root
√0.06 = 0.25
Graham Number Result:
$0.25