Johnson Controls International plc (JCI)

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip

Latest Price

$148.65

TTM P/E

26.88

Normalized P/E

46.84

Div Yield

1.06%

Book Value

22.16

P/B Ratio

6.71

Valuation metrics

EPS: $5.03

Book value / share: $19.76

Formula: √(22.5 × EPS × BVPS)

Graham Number

$47.29

68% downside

Norm. op. income: $1.7B (median of 7yr)

Tax rate: 12%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$8.37

94% downside

Base FCF: $1.7B (median of recent 5yr)

Growth: 9%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$45.52

69% downside

EPS: $5.03

Target P/E: 47×

Formula: EPS × P/E

P/E Fair Value

$236.41

+59% upside