JPMorgan Chase & Co. (JPM) Discounted Future Market Cap - Discounting Cash Flows
JPM
JPMorgan Chase & Co.
JPM (NYSE)

Estimated Value

USD

Market Price USD

* Values are not guaranteed, please do your own
research before making investment decisions.

Discounted Future Market Cap

This model estimates the intrinsic value of a common share by projecting the Future Market Capitalization using the estimated PE Ratio and then discounting it to the Present using an Annual Required Rate of Return.

Interactive Assumptions

Discount Rate

Discount Rate

Discount Rate = Cost of Equity = Risk Free Rate + Beta * Market Premium

The cost of equity is the theoretical rate of return that an equity investment should generate. It is calculated using the CAPM formula.

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↳ Beta

Beta

Beta is a value that measures the price fluctuations (volatility) of a stock with respect to fluctuations in the overall stock market.

↳ Risk Free Rate

Risk-Free Rate

The risk-free rate represents the interest an investor would expect from an absolutely risk-free investment over a specified period of time. By default, it is equal to the current yield of the U.S. 10 Year Treasury Bond.

↳ Market Premium

Market Premium

Market risk premium represents the excess returns over the risk-free rate that investors expect for taking on the incremental risks connected to the equities market.

Pe Ratio

Price to Earnings (PE) Ratio

Estimated Price to Earnings (PE) Ratio at the end of the projection period.

Future Market Cap = PE Ratio * Projected Net Income

Revenue Growth Rate

Revenue Growth Rate

The annual revenue growth rate is applied to projected revenue starting from the second projection year onward.

Net Income Margin

Net Income Margin

Net Income expressed as a percentage of Revenue.

Historical Years

Historical Years

The number of historical years used to calculate averages for historical data.

Projection Years

Projection Years

The number of years for projecting the analysis into the future.

Results

Present Value 279.8 USD
Estimated net income 86.14 Bil. USD
Estimated market capitalization 1,216 Bil. USD
Market capitalization discounted to present 789 Bil. USD
Shares Outstanding 2.82 Bil.
Earnings Per Share (EPS) 20.41 USD
Market Price 288.2 USD
Price to Earnings (PE) Ratio 13.61

Historical and forecasted data

Monetary values are in USD

Edit Chart Values 2025 2026 2027 2028 2029

amounts of USD except for #

2024 LTM 2025 2026 2027 2028 2029
Revenue 270,789 273,416 238,329 262,877 289,954 319,819 352,760
Revenue Growth Rate 14.61% 0.97% -11.99% 10.3% 10.3% 10.3% 10.3%
Net Income 58,471 59,695 58,200 64,195 70,807 78,100 86,144

amounts of USD except for #

Average LTM 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue 162,336 273,416 270,789 236,273 153,824 127,238 129,843 142,515 129,824 114,579 106,387 101,006
Cost of Revenue 43,215 112,692 112,004 90,603 32,432 -3,667 27,372 32,380 25,912 19,164 15,179 11,290
Gross Profit 119,121 160,724 158,785 145,670 121,392 130,905 102,471 110,135 103,912 95,415 91,208 89,716
Gross Margin 77.72% 58.78% 58.64% 61.65% 78.92% 102.9% 78.92% 77.28% 80.04% 83.27% 85.73% 88.82%
Operating Income 49,200 76,196 75,081 61,612 46,166 59,562 35,815 44,866 40,764 35,900 34,536 30,702
Operating Margin 31.2% 27.87% 27.73% 26.08% 30.01% 46.81% 27.58% 31.48% 31.4% 31.33% 32.46% 30.4%
Net Income 38,671 59,695 58,471 49,552 37,676 48,334 29,131 36,431 32,474 24,441 24,733 24,442
Net Margin 24.42% 21.83% 21.59% 20.97% 24.49% 37.99% 22.44% 25.56% 25.01% 21.33% 23.25% 24.2%

amounts of USD except for #

Average LTM 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue 162,336 273,416 270,789 236,273 153,824 127,238 129,843 142,515 129,824 114,579 106,387 101,006
Revenue Growth Rate 10.3% 0.97% 14.61% 53.6% 20.89% -2.01% -8.89% 9.78% 13.31% 7.7% 5.33% -1.94%
Net Income 38,671 59,695 58,471 49,552 37,676 48,334 29,131 36,431 32,474 24,441 24,733 24,442
Net Margin 24.42% 21.83% 21.59% 20.97% 24.49% 37.99% 22.44% 25.56% 25.01% 21.33% 23.25% 24.2%
Net Income Growth Rate 12.08% 2.09% 18% 31.52% -22.05% 65.92% -20.04% 12.19% 32.87% -1.18% 1.19% 12.4%
Stockholders Equity 287,743 351,420 344,758 327,878 292,332 294,127 279,354 261,330 256,515 255,693 254,190 247,573
Equity Growth Rate 3.92% 1.93% 5.15% 12.16% -0.61% 5.29% 6.9% 1.88% 0.321% 0.591% 2.67% 6.84%
Return on Invested Capital (ROIC) 20.13% 9.17% 19.05% 37.6% 83.96% -38.62% 49.62% 11.62% 11.36% 17.53% 12.2% 7.92%
After-tax Operating Income 38,671 59,695 58,471 49,552 37,676 48,334 29,131 36,431 32,474 24,441 24,733 24,442
Income Tax Rate 21.73% 21.66% 22.12% 19.57% 18.39% 18.85% 18.66% 18.8% 20.34% 31.92% 28.38% 20.39%
Invested Capital 210,744 650,947 307,000 131,772 44,873 -125,152 58,708 313,438 285,794 139,450 202,647 308,709
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