Excerpt from a Fundie's View on JKL

Our base case expectation for MML’s contribution in its first year of ownership is revenue of $18m-$19m and EBIT of $6.9-$7.4m. Should this occur we believe the business is worth between $52m-$64m based on a reasonably conservative (given the strong growth rates) EV/EBIT multiple of 9-10x.​

Which brings us to a value for JustKapital.

We believe JKL is worth between 47c-56c assuming ongoing growth in MML and no immediate success in the litigation funding business. If the litigation funding business proves successful then our valuation is significantly higher.
Note: The above assumes a fully diluted basis of 131.1m shares​