Discounted Cash Flow (DCF) Analysis Levered
Science Applications International ... (SAIC)
$117.41
+1.44 (+1.24%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
Revenue | 4,659 | 6,379 | 7,056 | 7,394 | 7,704 | 8,792.45 | 10,034.68 | 11,452.42 | 13,070.47 | 14,917.11 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 184 | 458 | 755 | 518 | 532 | 628.49 | 717.29 | 818.63 | 934.29 | 1,066.29 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -28 | -21 | -46 | -36 | -25 | -42.09 | -48.04 | -54.82 | -62.57 | -71.41 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 156 | 437 | 709 | 482 | 507 | 586.40 | 669.25 | 763.81 | 871.72 | 994.88 |
Weighted Average Cost Of Capital
Share price | $ 117.41 |
---|---|
Beta | 0.701 |
Diluted Shares Outstanding | 55.80 |
Cost of Debt | |
Tax Rate | 20.00 |
After-tax Cost of Debt | 3.80% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 7.607 |
Total Debt | 2,526 |
Total Equity | 6,551.48 |
Total Capital | 9,077.48 |
Debt Weighting | 27.83 |
Equity Weighting | 72.17 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
Revenue | 4,659 | 6,379 | 7,056 | 7,394 | 7,704 | 8,792.45 | 10,034.68 | 11,452.42 | 13,070.47 | 14,917.11 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 184 | 458 | 755 | 518 | 532 | 628.49 | 717.29 | 818.63 | 934.29 | 1,066.29 |
Capital Expenditure | -28 | -21 | -46 | -36 | -25 | -42.09 | -48.04 | -54.82 | -62.57 | -71.41 |
Free Cash Flow | 156 | 437 | 709 | 482 | 507 | 586.40 | 669.25 | 763.81 | 871.72 | 994.88 |
WACC | ||||||||||
PV LFCF | 550.35 | 589.50 | 631.43 | 676.34 | 724.44 | |||||
SUM PV LFCF | 3,172.06 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 6.55 |
Free cash flow (t + 1) | 1,014.78 |
Terminal Value | 22,302.81 |
Present Value of Terminal Value | 16,240.24 |
Intrinsic Value
Enterprise Value | 19,412.29 |
---|---|
Net Debt | 2,417 |
Equity Value | 16,995.29 |
Shares Outstanding | 55.80 |
Equity Value Per Share | 304.58 |