What is Jack Henry & Associates Inc worth?
With the base-case assumptions below, a discounted cash flow model on Jack Henry & Associates Inc's reported free cash flow gives $203.88 per share. The share price was $147.79 on September 25, 2026, 28% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 2.5% | 10.0% | $127.06 | -14% |
| Base | 7.5% | 9.0% | $203.88 | +38% |
| Bull | 12.5% | 8.0% | $357.03 | +142% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $260.97 | $278.45 | $299.81 | $326.51 | $360.84 |
| 8.0% | $218.33 | $229.66 | $243.06 | $259.13 | $278.78 |
| 9.0% | $187.19 | $194.94 | $203.88 | $214.31 | $226.64 |
| 10.0% | $163.48 | $168.99 | $175.23 | $182.37 | $190.61 |
| 11.0% | $144.85 | $148.89 | $153.40 | $158.48 | $164.24 |
Where the presets come from
Base: years 1 to 5 grow at Jack Henry & Associates Inc's revenue growth rate over the last 5 fiscal years (7.7% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions