Definitive Analysis
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Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

Jackson Financial Inc. (JXN)

Company Dividend Discount ModelIndustry: Insurance - LifeSector: Financial Services

Valuation Snapshot

Stable Growth$64.04 - $95.12$78.87
Multi-Stage$120.14 - $132.08$125.99
Blended Fair Value$102.43
Current Price$101.23
Upside1.19%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020201920182017
DPS-40.69%0.00%2.912.772.560.690.0039.646.208.270.000.00
YoY Growth--4.98%8.06%272.00%0.00%-100.00%538.89%-25.00%0.00%0.00%0.00%
Dividend Yield--3.47%4.19%6.86%1.56%0.00%126.04%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)576.00
(-) Cash Dividends Paid (M)220.00
(=) Cash Retained (M)356.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)115.2072.0043.20
Cash Retained (M)356.00356.00356.00
(-) Cash Required (M)-115.20-72.00-43.20
(=) Excess Retained (M)240.80284.00312.80
(/) Shares Outstanding (M)72.5372.5372.53
(=) Excess Retained per Share3.323.924.31
LTM Dividend per Share3.033.033.03
(+) Excess Retained per Share3.323.924.31
(=) Adjusted Dividend6.356.957.35
WACC / Discount Rate7.72%7.72%7.72%
Growth Rate-2.00%-1.00%0.00%
Fair Value$64.04$78.87$95.12
Upside / Downside-36.74%-22.09%-6.04%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)576.00570.24564.54558.89553.30547.77564.20
Payout Ratio38.19%48.56%58.92%69.28%79.64%90.00%92.50%
Projected Dividends (M)220.00276.88332.61387.19440.64492.99521.89

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.72%7.72%7.72%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)254.44257.03259.63
Year 2 PV (M)280.86286.62292.44
Year 3 PV (M)300.45309.74319.22
Year 4 PV (M)314.21327.23340.65
Year 5 PV (M)323.04339.86357.37
PV of Terminal Value (M)7,240.427,617.458,010.02
Equity Value (M)8,713.419,137.939,579.34
Shares Outstanding (M)72.5372.5372.53
Fair Value$120.14$125.99$132.08
Upside / Downside18.68%24.46%30.47%

High-Yield Dividend Screener

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