Jacobs Solutions Inc

J: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$233.00	Ctrrt	Htbyskp

Jacobs Earnings: Critical Mission Solutions to Be Spun Off and Combined With Amentum

Krzysztof Smalec

Nov 22, 2023

We are lowering our fair value estimate for Jacobs to $154 from $156 after the company reported its fiscal fourth-quarter results and announced an agreement to separate its critical mission solutions business. The fair value adjustment reflects our slightly more muted near-term operating margin projections, partially offset by the time value of money.

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