JBL - Mr. Market Is Underestimating The Future EBITDA Of Jabil Inc.
Introduction
The current valuation of Jabil Inc. (JBL) does not reflect the FCF and EBITDA expected by majority of analysts. Also, the market does not seem to be taking into account that Jabil will benefit from the new 5G wireless network infrastructure. If the company continues to acquire other businesses, I foresee 2024 EBITDA of $1.85-2.0 billion and a share price of $40-50. The market price is below this level. Thus, in my view, Jabil represents a buying opportunity.
Business Units, Clients And Expected Sales
Jabil Inc. provides manufacturing services and solutions, including design, planning,