Intrinsic value of CA - CA

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$34.91

  Intrinsic Value

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  Value-price divergence*

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*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of CA stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 14.5

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2017(a)
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  0.27
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  4,036
  4,106
  4,200
  4,308
  4,429
  4,563
  4,711
  4,871
  5,045
  5,232
  5,433
  5,647
  5,877
  6,121
  6,380
  6,655
  6,947
  7,256
  7,582
  7,927
  8,291
  8,676
  9,081
  9,508
  9,958
  10,432
  10,931
  11,457
  12,010
  12,591
  13,203
Variable operating expenses, $m
 
  2,973
  3,027
  3,089
  3,159
  3,236
  3,321
  3,413
  3,513
  3,621
  3,737
  3,252
  3,384
  3,524
  3,674
  3,832
  4,000
  4,178
  4,366
  4,564
  4,774
  4,995
  5,229
  5,475
  5,734
  6,007
  6,294
  6,597
  6,915
  7,250
  7,602
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  2,901
  2,973
  3,027
  3,089
  3,159
  3,236
  3,321
  3,413
  3,513
  3,621
  3,737
  3,252
  3,384
  3,524
  3,674
  3,832
  4,000
  4,178
  4,366
  4,564
  4,774
  4,995
  5,229
  5,475
  5,734
  6,007
  6,294
  6,597
  6,915
  7,250
  7,602
Operating income, $m
  1,135
  1,133
  1,173
  1,219
  1,270
  1,327
  1,390
  1,458
  1,531
  1,611
  1,696
  2,396
  2,493
  2,596
  2,706
  2,823
  2,947
  3,078
  3,216
  3,363
  3,517
  3,680
  3,852
  4,033
  4,224
  4,425
  4,637
  4,860
  5,095
  5,341
  5,601
EBITDA, $m
  1,455
  1,795
  1,837
  1,884
  1,937
  1,995
  2,060
  2,130
  2,206
  2,288
  2,376
  2,469
  2,570
  2,676
  2,790
  2,910
  3,038
  3,173
  3,315
  3,466
  3,626
  3,794
  3,971
  4,158
  4,355
  4,562
  4,780
  5,010
  5,252
  5,506
  5,773
Interest expense (income), $m
  86
  92
  97
  103
  111
  119
  128
  138
  149
  161
  173
  187
  202
  217
  234
  252
  270
  290
  311
  333
  357
  381
  408
  435
  464
  495
  527
  561
  597
  634
  674
Earnings before tax, $m
  1,073
  1,041
  1,076
  1,115
  1,160
  1,208
  1,262
  1,320
  1,382
  1,450
  1,522
  2,209
  2,291
  2,379
  2,473
  2,572
  2,677
  2,788
  2,905
  3,029
  3,161
  3,299
  3,445
  3,598
  3,760
  3,931
  4,110
  4,299
  4,498
  4,707
  4,927
Tax expense, $m
  298
  281
  291
  301
  313
  326
  341
  356
  373
  391
  411
  596
  619
  642
  668
  694
  723
  753
  784
  818
  853
  891
  930
  972
  1,015
  1,061
  1,110
  1,161
  1,214
  1,271
  1,330
Net income, $m
  775
  760
  786
  814
  846
  882
  921
  963
  1,009
  1,058
  1,111
  1,612
  1,673
  1,737
  1,805
  1,877
  1,954
  2,035
  2,121
  2,212
  2,307
  2,408
  2,515
  2,627
  2,745
  2,869
  3,001
  3,138
  3,284
  3,436
  3,597

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  2,771
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  12,610
  8,553
  8,750
  8,975
  9,227
  9,507
  9,814
  10,148
  10,510
  10,900
  11,318
  11,765
  12,243
  12,751
  13,292
  13,865
  14,473
  15,116
  15,796
  16,515
  17,274
  18,074
  18,919
  19,809
  20,746
  21,734
  22,774
  23,868
  25,020
  26,232
  27,507
Adjusted assets (=assets-cash), $m
  9,839
  8,553
  8,750
  8,975
  9,227
  9,507
  9,814
  10,148
  10,510
  10,900
  11,318
  11,765
  12,243
  12,751
  13,292
  13,865
  14,473
  15,116
  15,796
  16,515
  17,274
  18,074
  18,919
  19,809
  20,746
  21,734
  22,774
  23,868
  25,020
  26,232
  27,507
Revenue / Adjusted assets
  0.410
  0.480
  0.480
  0.480
  0.480
  0.480
  0.480
  0.480
  0.480
  0.480
  0.480
  0.480
  0.480
  0.480
  0.480
  0.480
  0.480
  0.480
  0.480
  0.480
  0.480
  0.480
  0.480
  0.480
  0.480
  0.480
  0.480
  0.480
  0.480
  0.480
  0.480
Average production assets, $m
  1,291
  1,030
  1,054
  1,081
  1,112
  1,145
  1,182
  1,223
  1,266
  1,313
  1,364
  1,418
  1,475
  1,536
  1,601
  1,670
  1,744
  1,821
  1,903
  1,990
  2,081
  2,178
  2,279
  2,387
  2,500
  2,619
  2,744
  2,876
  3,014
  3,160
  3,314
Working capital, $m
  727
  -2,180
  -2,230
  -2,287
  -2,352
  -2,423
  -2,501
  -2,587
  -2,679
  -2,778
  -2,885
  -2,999
  -3,120
  -3,250
  -3,388
  -3,534
  -3,689
  -3,853
  -4,026
  -4,209
  -4,403
  -4,607
  -4,822
  -5,049
  -5,288
  -5,540
  -5,805
  -6,084
  -6,377
  -6,686
  -7,011
Total debt, $m
  2,791
  2,063
  2,199
  2,355
  2,531
  2,725
  2,938
  3,170
  3,421
  3,691
  3,982
  4,292
  4,624
  4,976
  5,351
  5,749
  6,171
  6,617
  7,089
  7,588
  8,115
  8,670
  9,256
  9,874
  10,525
  11,210
  11,932
  12,692
  13,491
  14,332
  15,217
Total liabilities, $m
  6,921
  5,936
  6,072
  6,228
  6,404
  6,598
  6,811
  7,043
  7,294
  7,564
  7,855
  8,165
  8,497
  8,849
  9,224
  9,622
  10,044
  10,490
  10,962
  11,461
  11,988
  12,543
  13,129
  13,747
  14,398
  15,083
  15,805
  16,565
  17,364
  18,205
  19,090
Total equity, $m
  5,689
  2,617
  2,677
  2,746
  2,824
  2,909
  3,003
  3,105
  3,216
  3,335
  3,463
  3,600
  3,746
  3,902
  4,067
  4,243
  4,429
  4,625
  4,834
  5,053
  5,286
  5,531
  5,789
  6,061
  6,348
  6,651
  6,969
  7,304
  7,656
  8,027
  8,417
Total liabilities and equity, $m
  12,610
  8,553
  8,749
  8,974
  9,228
  9,507
  9,814
  10,148
  10,510
  10,899
  11,318
  11,765
  12,243
  12,751
  13,291
  13,865
  14,473
  15,115
  15,796
  16,514
  17,274
  18,074
  18,918
  19,808
  20,746
  21,734
  22,774
  23,869
  25,020
  26,232
  27,507
Debt-to-equity ratio
  0.491
  0.790
  0.820
  0.860
  0.900
  0.940
  0.980
  1.020
  1.060
  1.110
  1.150
  1.190
  1.230
  1.280
  1.320
  1.360
  1.390
  1.430
  1.470
  1.500
  1.540
  1.570
  1.600
  1.630
  1.660
  1.690
  1.710
  1.740
  1.760
  1.790
  1.810
Adjusted equity ratio
  0.297
  0.306
  0.306
  0.306
  0.306
  0.306
  0.306
  0.306
  0.306
  0.306
  0.306
  0.306
  0.306
  0.306
  0.306
  0.306
  0.306
  0.306
  0.306
  0.306
  0.306
  0.306
  0.306
  0.306
  0.306
  0.306
  0.306
  0.306
  0.306
  0.306
  0.306

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  775
  760
  786
  814
  846
  882
  921
  963
  1,009
  1,058
  1,111
  1,612
  1,673
  1,737
  1,805
  1,877
  1,954
  2,035
  2,121
  2,212
  2,307
  2,408
  2,515
  2,627
  2,745
  2,869
  3,001
  3,138
  3,284
  3,436
  3,597
Depreciation, amort., depletion, $m
  320
  662
  664
  665
  667
  668
  670
  672
  675
  677
  680
  74
  77
  80
  83
  87
  91
  95
  99
  104
  108
  113
  119
  124
  130
  136
  143
  150
  157
  165
  173
Funds from operations, $m
  891
  1,423
  1,449
  1,479
  1,513
  1,550
  1,591
  1,636
  1,684
  1,735
  1,791
  1,686
  1,749
  1,817
  1,888
  1,964
  2,045
  2,130
  2,220
  2,315
  2,416
  2,522
  2,633
  2,751
  2,875
  3,006
  3,143
  3,288
  3,441
  3,601
  3,769
Change in working capital, $m
  -148
  -43
  -50
  -57
  -64
  -71
  -78
  -85
  -92
  -99
  -107
  -114
  -122
  -130
  -138
  -146
  -155
  -164
  -173
  -183
  -193
  -204
  -215
  -227
  -239
  -252
  -265
  -279
  -294
  -309
  -325
Cash from operations, $m
  1,039
  1,492
  1,499
  1,537
  1,577
  1,622
  1,669
  1,721
  1,776
  1,835
  1,898
  1,800
  1,871
  1,946
  2,026
  2,110
  2,200
  2,294
  2,393
  2,498
  2,609
  2,726
  2,849
  2,978
  3,114
  3,258
  3,408
  3,567
  3,734
  3,910
  4,094
Maintenance CAPEX, $m
  0
  -53
  -54
  -55
  -56
  -58
  -60
  -62
  -64
  -66
  -68
  -71
  -74
  -77
  -80
  -83
  -87
  -91
  -95
  -99
  -104
  -108
  -113
  -119
  -124
  -130
  -136
  -143
  -150
  -157
  -165
New CAPEX, $m
  -47
  -20
  -24
  -27
  -30
  -34
  -37
  -40
  -44
  -47
  -50
  -54
  -58
  -61
  -65
  -69
  -73
  -77
  -82
  -87
  -91
  -96
  -102
  -107
  -113
  -119
  -125
  -132
  -139
  -146
  -154
Cash from investing activities, $m
  -1,337
  -73
  -78
  -82
  -86
  -92
  -97
  -102
  -108
  -113
  -118
  -125
  -132
  -138
  -145
  -152
  -160
  -168
  -177
  -186
  -195
  -204
  -215
  -226
  -237
  -249
  -261
  -275
  -289
  -303
  -319
Free cash flow, $m
  -298
  1,419
  1,422
  1,455
  1,491
  1,530
  1,573
  1,619
  1,669
  1,722
  1,779
  1,675
  1,740
  1,808
  1,881
  1,958
  2,039
  2,126
  2,217
  2,313
  2,414
  2,521
  2,633
  2,752
  2,877
  3,008
  3,147
  3,292
  3,446
  3,607
  3,776
Issuance/(repayment) of debt, $m
  867
  116
  137
  156
  175
  194
  213
  232
  251
  270
  290
  311
  331
  353
  375
  398
  422
  446
  472
  499
  527
  556
  586
  618
  651
  685
  722
  760
  799
  841
  885
Issuance/(repurchase) of shares, $m
  -74
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  788
  116
  137
  156
  175
  194
  213
  232
  251
  270
  290
  311
  331
  353
  375
  398
  422
  446
  472
  499
  527
  556
  586
  618
  651
  685
  722
  760
  799
  841
  885
Total cash flow (excl. dividends), $m
  387
  1,535
  1,558
  1,611
  1,666
  1,724
  1,786
  1,851
  1,920
  1,992
  2,069
  1,986
  2,071
  2,161
  2,256
  2,356
  2,461
  2,572
  2,689
  2,811
  2,941
  3,076
  3,219
  3,370
  3,528
  3,694
  3,868
  4,052
  4,245
  4,448
  4,661
Retained Cash Flow (-), $m
  -311
  -45
  -60
  -69
  -77
  -86
  -94
  -102
  -111
  -119
  -128
  -137
  -146
  -156
  -165
  -175
  -186
  -197
  -208
  -220
  -232
  -245
  -258
  -272
  -287
  -302
  -318
  -335
  -352
  -371
  -390
Prev. year cash balance distribution, $m
 
  2,806
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  4,296
  1,498
  1,542
  1,589
  1,639
  1,692
  1,749
  1,809
  1,873
  1,941
  1,849
  1,925
  2,006
  2,091
  2,180
  2,275
  2,375
  2,480
  2,591
  2,708
  2,831
  2,961
  3,097
  3,241
  3,392
  3,550
  3,717
  3,893
  4,077
  4,271
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  4,119
  1,371
  1,342
  1,308
  1,270
  1,228
  1,181
  1,131
  1,076
  1,018
  878
  821
  763
  702
  640
  578
  517
  457
  399
  344
  293
  246
  203
  165
  132
  104
  80
  60
  45
  32
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

CA, Inc. provides information technology (IT) management software and solutions that help organizations plan, develop, manage, and secure applications and IT infrastructure in the United States and internationally. The company operates through three segments: Mainframe Solutions, Enterprise Solutions, and Services. The Mainframe Solutions segmentÂ’s products portfolio include databases and database management, systems and operations management, application development, and security and compliance. The Enterprise Solutions segment provides products that are designed for distributed and cloud computing environments and run on industry standard servers. It offers Agile management solutions, which enables customers to plan and manage software development process and IT services delivery; DevOps solutions comprising a range of solutions that allow customers to deliver and manage applications and IT infrastructure; and security solutions, such as identity-centric security portfolio that allows customers to manage identities and regulate access from the device to the data center. The Services segment offers consulting, implementation, application management services, education, and support services to commercial and government customers. The company serves banks, insurance companies, other financial services providers, government agencies, global service providers, telecommunication providers, manufacturers, technology companies, retailers, educational organizations, and health care institutions. CA, Inc. sells its solutions through direct sales force, as well as indirectly through its partners. The company was formerly known as CA Technologies and changed its name to CA, Inc. in 2006. CA, Inc. was founded in 1974 and is headquartered in New York, New York.

FINANCIAL RATIOS  of  CA (CA)

Valuation Ratios
P/E Ratio 18.6
Price to Sales 3.6
Price to Book 2.5
Price to Tangible Book
Price to Cash Flow 13.9
Price to Free Cash Flow 14.5
Growth Rates
Sales Growth Rate 0.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -2.1%
Cap. Spend. - 3 Yr. Gr. Rate -14.9%
Financial Strength
Quick Ratio 154
Current Ratio 0.1
LT Debt to Equity 48.7%
Total Debt to Equity 49.1%
Interest Coverage 13
Management Effectiveness
Return On Assets 7%
Ret/ On Assets - 3 Yr. Avg. 7.5%
Return On Total Capital 9.8%
Ret/ On T. Cap. - 3 Yr. Avg. 10.9%
Return On Equity 14%
Return On Equity - 3 Yr. Avg. 14.5%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 85.8%
Gross Margin - 3 Yr. Avg. 85.5%
EBITDA Margin 36.6%
EBITDA Margin - 3 Yr. Avg. 37.3%
Operating Margin 28.1%
Oper. Margin - 3 Yr. Avg. 27.9%
Pre-Tax Margin 26.6%
Pre-Tax Margin - 3 Yr. Avg. 26.6%
Net Profit Margin 19.2%
Net Profit Margin - 3 Yr. Avg. 19.5%
Effective Tax Rate 27.8%
Eff/ Tax Rate - 3 Yr. Avg. 28.1%
Payout Ratio 55.2%

CA stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CA stock intrinsic value calculation we used $4025 million for the last fiscal year's total revenue generated by CA. The default revenue input number comes from 2017 income statement of CA. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our CA stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for CA is calculated based on our internal credit rating of CA, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of CA.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of CA stock the variable cost ratio is equal to 72.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for CA stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 4.7% for CA.

Corporate tax rate of 27% is the nominal tax rate for CA. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the CA stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for CA are equal to 25.1%.

Life of production assets of 19.2 years is the average useful life of capital assets used in CA operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for CA is equal to -53.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $5378 million for CA - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 414.046 million for CA is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of CA at the current share price and the inputted number of shares is $14.5 billion.


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COMPANY NEWS

▶ ETFs with exposure to CA, Inc. : June 22, 2017   [Jun-22-17 03:29PM  Capital Cube]
▶ The Hot Stock: CA Jumps 13%   [Jun-21-17 04:33PM  Barrons.com]
▶ Today's iQ100 leaders   [02:54PM  CNBC Videos]
▶ Why Shares of CA, Inc. Are Soaring Today   [12:49PM  Motley Fool]
▶ This Could End the Megabuyout Drought   [11:44AM  Bloomberg]
▶ Story Stocks from Briefing.com   [09:38AM  Briefing.com]
▶ There could be a big deal in the software sector in the works   [Jun-20-17 06:08PM  Business Insider]
▶ ETFs with exposure to CA, Inc. : May 29, 2017   [May-29-17 12:42PM  Capital Cube]
▶ ETFs with exposure to CA, Inc. : May 18, 2017   [May-18-17 01:34PM  Capital Cube]
▶ SAP Sapphire Now   [04:51PM  Yahoo Finance Video]
▶ SAP Sapphire Now   [04:42PM  Yahoo Finance Video]
▶ CA tops Street 4Q forecasts   [May-11-17 05:50PM  Associated Press]
▶ CA Technologies Declares Quarterly Dividend   [May-09-17 05:45PM  Business Wire]
▶ CA, Inc. Value Analysis (NASDAQ:CA) : April 24, 2017   [Apr-24-17 03:12PM  Capital Cube]
▶ CA Technologies Launches New CA Advantage Partner Program   [Apr-18-17 12:00PM  Business Wire]
▶ CA Technologies Completes Acquisition of Veracode   [Apr-03-17 09:00AM  Business Wire]
▶ CA Technologies Nabs Veracode for $614 Million   [Mar-07-17 02:23PM  at Investopedia]
▶ Are You Getting the Most Value from Your APIs?   [Feb-28-17 09:00AM  Business Wire]
▶ TestPlant Appoints Chief Marketing Officer   [Feb-08-17 08:00AM  PR Newswire]
▶ CA Technologies Declares Quarterly Dividend   [Feb-01-17 03:43PM  Business Wire]
▶ Cisco Spends $3.7B on Software Startup AppDynamics   [Jan-24-17 08:46PM  at Barrons.com]
Stock chart of CA Financial statements of CA Annual reports of CA
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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