As of December 15, 2025, Jupiter Fund Management PLC's estimated intrinsic value ranges from $135.43 to $267.93 per share, depending on the valuation methodology applied.
| Valuation Method | Fair Value (USD) | Implied Upside/Downside |
|---|---|---|
| Discounted Cash Flow (10Y) | $173.71 | +16.1% |
| Discounted Cash Flow (5Y) | $163.11 | +9.0% |
| Dividend Discount Model (Multi-Stage) | $138.01 | -7.7% |
| Dividend Discount Model (Stable) | $135.43 | -9.5% |
| Earnings Power Value | $267.93 | +79.1% |
Is Jupiter Fund Management PLC (JUP.L) undervalued or overvalued?
With the current market price at $149.60, the stock appears to be moderately undervalued.
Intrinsic value represents the "true" worth of a company based on its fundamentals rather than market sentiment. We've employed multiple methodologies to triangulate Jupiter Fund Management PLC's intrinsic value, including:
The cost of capital is a critical factor in valuation models, representing the required return for investors.
| WACC Component | Low | High |
|---|---|---|
| Long-term bond rate | 4.0% | 4.5% |
| Equity market risk premium | 6.0% | 7.0% |
| Adjusted beta | 0.75 | 0.81 |
| Cost of equity | 8.5% | 10.6% |
| Cost of debt | 4.6% | 4.8% |
| Tax rate | 19.8% | 22.8% |
| Debt/Equity ratio | 0.12 | 0.12 |
| After-tax WACC | 8.0% | 9.9% |
Our DCF model projects cash flows over 5-year and 10-year horizons, with the following key assumptions:
| DCF Model | Fair Value | Enterprise Value | % from Terminal Value |
|---|---|---|---|
| 5-Year Growth | $163 | $770M | 72.7% |
| 10-Year Growth | $174 | $824M | 53.1% |
| 5-Year EBITDA | $154 | $725M | 71.1% |
| 10-Year EBITDA | $167 | $787M | 50.9% |
The DDM values a company based on its expected future dividend payments. We used two approaches:
EPV assesses a company's value based on its current normalized earnings power, assuming no growth.
| EPV Component | Value |
|---|---|
| Normalized Earnings | $115M |
| Discount Rate (WACC) | 9.9% - 8.0% |
| Enterprise Value | $1,166M - $1,449M |
| Net Debt | $(66)M |
| Equity Value | $1,232M - $1,514M |
| Outstanding Shares | 5M |
| Fair Value | $240 - $296 |
| Selected Fair Value | $267.93 |
| Metric | Value |
|---|---|
| Market Capitalization | $767M |
| Enterprise Value | $701M |
| Trailing P/E | 13.10 |
| Forward P/E | 13.03 |
| Trailing EV/EBITDA | 9.45 |
| Current Dividend Yield | 366.54% |
| Dividend Growth Rate (5Y) | -20.10% |
| Debt-to-Equity Ratio | 0.12 |
To determine the most reliable intrinsic value estimate, we weigh each valuation method based on:
| Valuation Method | Weight | Weighted Value |
|---|---|---|
| Discounted Cash Flow (10Y) | 30% | $52.11 |
| Discounted Cash Flow (5Y) | 25% | $40.78 |
| Dividend Discount Model (Multi-Stage) | 20% | $27.60 |
| Dividend Discount Model (Stable) | 15% | $20.32 |
| Earnings Power Value | 10% | $26.79 |
| Weighted Average | 100% | $167.60 |
Based on our comprehensive valuation analysis, Jupiter Fund Management PLC's intrinsic value is $167.60, which is approximately 12.0% above the current market price of $149.60.
Key investment considerations:
Given these factors, we believe Jupiter Fund Management PLC is currently moderately undervalued with the potential for long-term appreciation based on the company's growth trajectory and financial strength.