Jefferson Capital, Inc. Common Stock (JCAP) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+448.6%

$111.26

vs $20.28 price

Levered DCF

-$539.37

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.35

Distress zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2019	FY2018	FY2017	FY2016	FY2015
P/E	3.57×	10.24×	9.71×	9×	5.9×	15.2×	7.02×	-28.52×
P/B	1.41×	2.82×	3.93×	0.68×	0.59×	0.72×	0.67×	0.82×
P/S	1.09×	2.49×	3.34×	8.88×	10.28×	18.12×	17.2×	47.91×
EV / EBITDA	7.09×	14.17×	15.15×	10.14×	5.61×	10.81×	3.81×	-13.57×
Gross margin	67.8%	71.2%	73.8%	91.1%	94.5%	97.8%	100.0%	100.0%
Operating margin	51.6%	50.8%	50.8%	35.3%	35.5%	17.6%	-43.8%	-184.9%
Net margin	30.6%	24.3%	34.5%	98.5%	174.2%	119.4%	245.2%	-168.8%
Current ratio	0.2×	20.16×	25.09×	0.79×	0.96×	6.79×	15.41×	17.73×
Debt / equity	3.6×	3.12×	2.81×	0.34×	0.04×	0×	0.11×	0×
Interest coverage	2.99×	0×	0×	1.87×	5.14×	2.04×	-5.11×	0×
Dividend yield	9.5%	3.3%	2.8%	10.4%	9.5%	7.7%	7.6%	5.1%
Payout ratio	33.8%	34.2%	27.4%	94.0%	56.3%	116.4%	53.0%	-146.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2019	FY2018	FY2017	FY2016	FY2015
Return on equity	39.5%	27.5%	40.6%	7.5%	9.9%	4.8%	9.5%	-2.9%
Return on invested capital	13.0%	10.7%	14.1%	2.0%	1.9%	0.7%	-1.5%	-3.2%
Return on assets	9.0%	6.4%	10.0%	5.5%	9.2%	4.6%	8.3%	-2.8%
Free cash flow yield	39.9%	15.0%	11.0%	-45.0%	-87.6%	-72.0%	-45.0%	-81.4%
Earnings yield	28.0%	9.7%	10.3%	11.1%	16.9%	6.6%	14.3%	-3.5%
Enterprise value	$2.3B	$2.2B	$1.8B	$599.8M	$336.8M	$174.6M	$63.6M	$39.7M
Net debt / EBITDA	5.06×	7.33×	6.24×	3.37×	0.26×	-2.87×	-2.92×	15.01×
Cash conversion cycle (days)	989	1,276	978	-402	20,055	-1,316	1,210	4,104