Discounted Cash Flow (DCF) Analysis Levered

Science Applications International ... (SAIC)

$109.26

-0.40 (-0.36%)
All numbers are in Millions, Currency in USD
Stock DCF: 317.55 | 109.26 | undervalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 4,4544,6596,3797,0567,3948,446.239,648.2111,021.2312,589.6514,381.28
Revenue (%)
Operating Cash Flow 217184458755518569.39650.42742.98848.72969.50
Operating Cash Flow (%)
Capital Expenditure -22-28-21-46-36-43.29-49.46-56.49-64.53-73.72
Capital Expenditure (%)
Free Cash Flow 195156437709482526.10600.97686.49784.19895.78

Weighted Average Cost Of Capital

Share price $ 109.26
Beta 0.740
Diluted Shares Outstanding 58.10
Cost of Debt
Tax Rate 22.63
After-tax Cost of Debt 2.99%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.997
Total Debt 2,710
Total Equity 6,348.01
Total Capital 9,058.01
Debt Weighting 29.92
Equity Weighting 70.08
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 4,4544,6596,3797,0567,3948,446.239,648.2111,021.2312,589.6514,381.28
Operating Cash Flow 217184458755518569.39650.42742.98848.72969.50
Capital Expenditure -22-28-21-46-36-43.29-49.46-56.49-64.53-73.72
Free Cash Flow 195156437709482526.10600.97686.49784.19895.78
WACC
PV LFCF 375.11405437.27472.11509.74
SUM PV LFCF 2,915.40

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.80
Free cash flow (t + 1) 913.70
Terminal Value 24,044.67
Present Value of Terminal Value 18,138.05

Intrinsic Value

Enterprise Value 21,053.45
Net Debt 2,604
Equity Value 18,449.45
Shares Outstanding 58.10
Equity Value Per Share 317.55