Intrinsic value of Orbital ATK - OA

Previous Close

$96.34

  Intrinsic Value

premium content

  Rating & Target

premium content

  Value-price divergence*

premium content

Previous close

$96.34

 
Intrinsic value

$139.45

 
Up/down potential

+45%

 
Rating

buy

 
Value-price divergence* premium content

Premium access subscription - $499/yr

please register and log in before paying

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

We calculate the intrinsic value of OA 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 2015), $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 5.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2015(a)
   2016
   2017
   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

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  6.84
  6.80
  6.62
  6.46
  6.31
  6.18
  6.06
  5.96
  5.86
  5.77
  5.70
  5.63
  5.56
  5.51
  5.46
  5.41
  5.37
  5.33
  5.30
  5.27
  5.24
  5.22
  5.20
  5.18
  5.16
  5.14
  5.13
  5.12
  5.10
  5.09
  5.08
Revenue, $m
  3,391
  3,622
  3,861
  4,111
  4,370
  4,640
  4,922
  5,215
  5,520
  5,839
  6,172
  6,519
  6,882
  7,261
  7,657
  8,072
  8,505
  8,959
  9,434
  9,931
  10,452
  10,997
  11,569
  12,168
  12,795
  13,453
  14,144
  14,867
  15,626
  16,422
  17,257
Variable operating expenses, $m
 
  1,491
  1,577
  1,667
  1,761
  1,858
  1,960
  2,066
  2,176
  2,291
  2,411
  2,353
  2,484
  2,621
  2,764
  2,914
  3,070
  3,234
  3,405
  3,585
  3,773
  3,970
  4,176
  4,392
  4,619
  4,856
  5,105
  5,367
  5,641
  5,928
  6,229
Fixed operating expenses, $m
 
  1,736
  1,780
  1,824
  1,870
  1,917
  1,965
  2,014
  2,064
  2,116
  2,168
  2,223
  2,278
  2,335
  2,394
  2,453
  2,515
  2,578
  2,642
  2,708
  2,776
  2,845
  2,916
  2,989
  3,064
  3,141
  3,219
  3,300
  3,382
  3,467
  3,553
Total operating expenses, $m
  3,059
  3,227
  3,357
  3,491
  3,631
  3,775
  3,925
  4,080
  4,240
  4,407
  4,579
  4,576
  4,762
  4,956
  5,158
  5,367
  5,585
  5,812
  6,047
  6,293
  6,549
  6,815
  7,092
  7,381
  7,683
  7,997
  8,324
  8,667
  9,023
  9,395
  9,782
Operating income, $m
  333
  395
  505
  619
  740
  865
  997
  1,136
  1,281
  1,433
  1,592
  1,943
  2,120
  2,305
  2,500
  2,705
  2,920
  3,147
  3,386
  3,638
  3,903
  4,182
  4,476
  4,786
  5,113
  5,457
  5,819
  6,201
  6,603
  7,028
  7,474
EBITDA, $m
  455
  583
  694
  809
  929
  1,056
  1,188
  1,327
  1,472
  1,625
  1,785
  1,953
  2,130
  2,316
  2,511
  2,717
  2,933
  3,161
  3,401
  3,653
  3,919
  4,199
  4,494
  4,804
  5,132
  5,477
  5,840
  6,223
  6,627
  7,052
  7,501
Interest expense (income), $m
  41
  50
  58
  66
  75
  84
  93
  103
  113
  124
  135
  147
  159
  171
  184
  198
  212
  228
  243
  260
  277
  295
  314
  334
  355
  376
  399
  423
  448
  474
  502
Earnings before tax, $m
  272
  344
  446
  553
  664
  781
  904
  1,032
  1,167
  1,309
  1,457
  1,797
  1,961
  2,134
  2,315
  2,507
  2,708
  2,920
  3,143
  3,378
  3,626
  3,887
  4,162
  4,452
  4,758
  5,080
  5,420
  5,778
  6,155
  6,553
  6,972
Tax expense, $m
  87
  93
  121
  149
  179
  211
  244
  279
  315
  353
  393
  485
  529
  576
  625
  677
  731
  788
  849
  912
  979
  1,050
  1,124
  1,202
  1,285
  1,372
  1,463
  1,560
  1,662
  1,769
  1,883
Net income, $m
  186
  251
  326
  404
  485
  570
  660
  754
  852
  955
  1,064
  1,312
  1,431
  1,558
  1,690
  1,830
  1,977
  2,131
  2,294
  2,466
  2,647
  2,838
  3,039
  3,250
  3,473
  3,709
  3,957
  4,218
  4,493
  4,784
  5,090

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  104
  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
  5,339
  5,589
  5,959
  6,344
  6,744
  7,161
  7,595
  8,048
  8,519
  9,011
  9,525
  10,061
  10,620
  11,205
  11,817
  12,456
  13,125
  13,826
  14,558
  15,326
  16,129
  16,971
  17,853
  18,777
  19,746
  20,762
  21,826
  22,943
  24,114
  25,343
  26,631
Adjusted assets (=assets-cash), $m
  5,235
  5,589
  5,959
  6,344
  6,744
  7,161
  7,595
  8,048
  8,519
  9,011
  9,525
  10,061
  10,620
  11,205
  11,817
  12,456
  13,125
  13,826
  14,558
  15,326
  16,129
  16,971
  17,853
  18,777
  19,746
  20,762
  21,826
  22,943
  24,114
  25,343
  26,631
Revenue / Adjusted assets
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
  0.648
Average production assets, $m
  83
  87
  93
  99
  105
  111
  118
  125
  132
  140
  148
  156
  165
  174
  184
  194
  204
  215
  226
  238
  251
  264
  278
  292
  307
  323
  339
  357
  375
  394
  414
Working capital, $m
  1,273
  1,293
  1,378
  1,468
  1,560
  1,657
  1,757
  1,862
  1,971
  2,085
  2,203
  2,327
  2,457
  2,592
  2,734
  2,882
  3,036
  3,198
  3,368
  3,545
  3,731
  3,926
  4,130
  4,344
  4,568
  4,803
  5,049
  5,308
  5,579
  5,863
  6,161
Total debt, $m
  1,476
  1,662
  1,900
  2,147
  2,404
  2,671
  2,950
  3,241
  3,543
  3,859
  4,189
  4,533
  4,892
  5,268
  5,660
  6,071
  6,501
  6,950
  7,420
  7,913
  8,429
  8,969
  9,535
  10,129
  10,751
  11,403
  12,087
  12,804
  13,555
  14,344
  15,171
Total liabilities, $m
  3,402
  3,588
  3,826
  4,073
  4,330
  4,597
  4,876
  5,167
  5,469
  5,785
  6,115
  6,459
  6,818
  7,194
  7,586
  7,997
  8,427
  8,876
  9,346
  9,839
  10,355
  10,895
  11,461
  12,055
  12,677
  13,329
  14,013
  14,730
  15,481
  16,270
  17,097
Total equity, $m
  1,937
  2,001
  2,133
  2,271
  2,414
  2,564
  2,719
  2,881
  3,050
  3,226
  3,410
  3,602
  3,802
  4,012
  4,230
  4,459
  4,699
  4,950
  5,212
  5,487
  5,774
  6,076
  6,391
  6,722
  7,069
  7,433
  7,814
  8,214
  8,633
  9,073
  9,534
Total liabilities and equity, $m
  5,339
  5,589
  5,959
  6,344
  6,744
  7,161
  7,595
  8,048
  8,519
  9,011
  9,525
  10,061
  10,620
  11,206
  11,816
  12,456
  13,126
  13,826
  14,558
  15,326
  16,129
  16,971
  17,852
  18,777
  19,746
  20,762
  21,827
  22,944
  24,114
  25,343
  26,631
Debt-to-equity ratio
  0.762
  0.830
  0.890
  0.950
  1.000
  1.040
  1.080
  1.120
  1.160
  1.200
  1.230
  1.260
  1.290
  1.310
  1.340
  1.360
  1.380
  1.400
  1.420
  1.440
  1.460
  1.480
  1.490
  1.510
  1.520
  1.530
  1.550
  1.560
  1.570
  1.580
  1.590
Adjusted equity ratio
  0.350
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  186
  251
  326
  404
  485
  570
  660
  754
  852
  955
  1,064
  1,312
  1,431
  1,558
  1,690
  1,830
  1,977
  2,131
  2,294
  2,466
  2,647
  2,838
  3,039
  3,250
  3,473
  3,709
  3,957
  4,218
  4,493
  4,784
  5,090
Depreciation, amort., depletion, $m
  122
  189
  189
  189
  190
  190
  191
  191
  192
  192
  193
  10
  10
  11
  12
  12
  13
  14
  14
  15
  16
  17
  17
  18
  19
  20
  21
  22
  24
  25
  26
Funds from operations, $m
  221
  440
  515
  593
  675
  761
  850
  945
  1,044
  1,147
  1,256
  1,321
  1,442
  1,568
  1,702
  1,842
  1,990
  2,145
  2,309
  2,481
  2,663
  2,854
  3,056
  3,269
  3,493
  3,729
  3,978
  4,240
  4,517
  4,809
  5,116
Change in working capital, $m
  -82
  82
  86
  89
  93
  96
  100
  105
  109
  114
  119
  124
  130
  135
  141
  148
  155
  162
  170
  177
  186
  195
  204
  214
  224
  235
  246
  258
  271
  284
  298
Cash from operations, $m
  303
  275
  429
  504
  582
  664
  750
  840
  934
  1,033
  1,138
  1,197
  1,312
  1,433
  1,560
  1,694
  1,835
  1,983
  2,139
  2,304
  2,477
  2,660
  2,852
  3,055
  3,269
  3,494
  3,732
  3,982
  4,246
  4,524
  4,818
Maintenance CAPEX, $m
  0
  -5
  -5
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -9
  -9
  -10
  -10
  -11
  -12
  -12
  -13
  -14
  -14
  -15
  -16
  -17
  -17
  -18
  -19
  -20
  -21
  -22
  -24
  -25
New CAPEX, $m
  -105
  -4
  -6
  -6
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -8
  -9
  -9
  -10
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -14
  -14
  -15
  -16
  -17
  -17
  -18
  -19
  -20
Cash from investing activities, $m
  -111
  -9
  -11
  -12
  -12
  -13
  -14
  -14
  -15
  -16
  -17
  -17
  -19
  -19
  -21
  -22
  -22
  -24
  -25
  -26
  -27
  -29
  -31
  -31
  -33
  -35
  -37
  -38
  -40
  -43
  -45
Free cash flow, $m
  192
  266
  418
  492
  570
  651
  736
  826
  919
  1,018
  1,121
  1,180
  1,294
  1,414
  1,540
  1,673
  1,812
  1,959
  2,114
  2,277
  2,449
  2,631
  2,822
  3,023
  3,235
  3,459
  3,695
  3,943
  4,205
  4,482
  4,773
Issuance/(repayment) of debt, $m
  -99
  226
  238
  247
  257
  268
  279
  290
  303
  316
  330
  344
  359
  376
  393
  411
  429
  449
  470
  493
  516
  540
  566
  593
  622
  652
  684
  717
  752
  789
  827
Issuance/(repurchase) of shares, $m
  -81
  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  
  -182
  226
  238
  247
  257
  268
  279
  290
  303
  316
  330
  344
  359
  376
  393
  411
  429
  449
  470
  493
  516
  540
  566
  593
  622
  652
  684
  717
  752
  789
  827
Total cash flow (excl. dividends), $m
  11
  492
  656
  739
  827
  919
  1,015
  1,116
  1,222
  1,333
  1,450
  1,524
  1,653
  1,789
  1,932
  2,083
  2,242
  2,409
  2,585
  2,770
  2,965
  3,171
  3,388
  3,616
  3,857
  4,111
  4,378
  4,660
  4,957
  5,270
  5,600
Retained Cash Flow (-), $m
  -160
  -128
  -132
  -138
  -143
  -149
  -155
  -162
  -169
  -176
  -184
  -192
  -200
  -209
  -219
  -229
  -239
  -251
  -262
  -275
  -288
  -301
  -316
  -331
  -347
  -364
  -381
  -400
  -419
  -440
  -461
Prev. year cash balance distribution, $m
 
  64
  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
 
  428
  523
  601
  684
  769
  860
  954
  1,053
  1,157
  1,267
  1,332
  1,453
  1,580
  1,713
  1,854
  2,002
  2,158
  2,322
  2,495
  2,678
  2,870
  3,072
  3,285
  3,510
  3,747
  3,997
  4,260
  4,538
  4,831
  5,139
Discount rate, %
 
  6.60
  6.93
  7.28
  7.64
  8.02
  8.42
  8.84
  9.29
  9.75
  10.24
  10.75
  11.29
  11.85
  12.45
  13.07
  13.72
  14.41
  15.13
  15.88
  16.68
  17.51
  18.39
  19.31
  20.27
  21.29
  22.35
  23.47
  24.64
  25.87
  27.17
PV of cash for distribution, $m
 
  401
  458
  487
  509
  523
  529
  527
  518
  501
  478
  433
  403
  368
  332
  294
  256
  219
  184
  152
  122
  97
  75
  57
  42
  30
  21
  14
  10
  6
  4
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

Orbital ATK, Inc. develops and produces aerospace, defense, and aviation-related products to the U.S. Government, allied nations, prime contractors, and other customers in the United States and internationally. It operates through three segments: Flight Systems Group, Defense Systems Group, and Space Systems Group. The Flight Systems Group segment develops rockets that are used as small-and medium-class space launch vehicles to place satellites into Earth orbit and escape trajectories; interceptor and target vehicles for missile defense systems; suborbital launch vehicles that place payloads into various high-altitude trajectories; rocket propulsion systems for human and cargo launch vehicles; strategic missiles; missile defense interceptors and target vehicles; composite structures for military and commercial aircraft and launch structures markets; and illuminating flares and aircraft countermeasures. The Defense Systems Group segment develops and produces military ammunition; small-caliber commercial ammunition; precision weapons and munitions; high-performance gun systems; propellant and energetic materials; propulsion systems for tactical missiles and missile defense applications; strike weapons; aircraft survivability systems; fuzes and warheads; special mission aircraft; airborne missile warning systems; and defense electronics. The Space Systems Group segment offers small-and medium-class satellites that are used to enable global and regional communications and broadcasting; conduct space-related scientific research; and perform other activities related to national security. This segment also provides human-rated space systems for Earth-orbit and deep-space exploration, including re-supplying the international space station; and spacecraft components and subsystems, as well as specialized engineering and operations services. The company is headquartered in Dulles, Virginia.

FINANCIAL RATIOS  of  Orbital ATK (OA)

Valuation Ratios
P/E Ratio 30.4
Price to Sales 1.7
Price to Book 2.9
Price to Tangible Book
Price to Cash Flow 18.7
Price to Free Cash Flow 28.6
Growth Rates
Sales Growth Rate 6.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -7.1%
Cap. Spend. - 3 Yr. Gr. Rate 7.5%
Financial Strength
Quick Ratio 3
Current Ratio 0.1
LT Debt to Equity 74.1%
Total Debt to Equity 76.2%
Interest Coverage 8
Management Effectiveness
Return On Assets 3.9%
Ret/ On Assets - 3 Yr. Avg. 5.3%
Return On Total Capital 5.5%
Ret/ On T. Cap. - 3 Yr. Avg. 7.1%
Return On Equity 10%
Return On Equity - 3 Yr. Avg. 13.6%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 19.9%
Gross Margin - 3 Yr. Avg. 21.4%
EBITDA Margin 12.8%
EBITDA Margin - 3 Yr. Avg. 11.2%
Operating Margin 9.8%
Oper. Margin - 3 Yr. Avg. 8.9%
Pre-Tax Margin 8%
Pre-Tax Margin - 3 Yr. Avg. 6.4%
Net Profit Margin 5.5%
Net Profit Margin - 3 Yr. Avg. 7.8%
Effective Tax Rate 32%
Eff/ Tax Rate - 3 Yr. Avg. 31.1%
Payout Ratio 24.7%

OA stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the OA stock intrinsic value calculation we used $3391 million for the last fiscal year's total revenue generated by Orbital ATK. The default revenue input number comes from 2015 income statement of Orbital ATK. 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 OA stock valuation model: a) initial revenue growth rate of 6.8% 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 6.6%, whose default value for OA is calculated based on our internal credit rating of Orbital ATK, 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 Orbital ATK.
    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 OA stock the variable cost ratio is equal to 41.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $1694 million in the base year in the intrinsic value calculation for OA 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 3.5% for Orbital ATK.

Corporate tax rate of 27% is the nominal tax rate for Orbital ATK. 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 OA 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 OA are equal to 2.4%.

Life of production assets of 15.9 years is the average useful life of capital assets used in Orbital ATK 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 OA is equal to 35.7%. 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 - $1937 million for Orbital ATK - 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 57.755 million for Orbital ATK 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 Orbital ATK at the current share price and the inputted number of shares is $5.6 billion.


Premium access subscription - $499/yr

please register and log in before paying
RELATED COMPANIES Price Int.Val. Rating
VSTO Vista Outdoor 21.99 prem.  prem.
LMT Lockheed Marti 267.32 prem.  prem.
BA Boeing 177.40 prem.  prem.
NOC Northrop Grumm 246.88 prem.  prem.

COMPANY NEWS

▶ Orbital ATK Inc Is Right on Target   [May-11-17 12:27PM  Motley Fool]
▶ Orbital ATK misses 1Q profit forecasts   [06:06AM  Associated Press]
▶ The Top Earnings Charts to Finish the Week   [May-10-17 04:38PM  Zacks]
▶ ETFs with exposure to Orbital ATK, Inc. : May 4, 2017   [May-04-17 04:13PM  Capital Cube]
▶ Phoenix wants to create high-tech manufacturing corridor on new freeway   [Apr-26-17 01:10PM  American City Business Journals]
▶ How Amazon CEO Jeff Bezos Is Funding Blue Origin   [Apr-23-17 10:13AM  Motley Fool]
▶ Will Orbital ATK Build a New Space Rocket?   [Mar-18-17 08:13AM  at Motley Fool]
▶ Now That MDA Is Buying DigitalGlobe, Should You Buy MDA?   [Mar-12-17 02:13PM  at Motley Fool]
▶ Orbital ATK Upgraded After Earnings: What You Need to Know   [Mar-09-17 11:35AM  at Motley Fool]
▶ Orbital ATK Inc Earnings Rocket Higher   [12:18PM  at Motley Fool]
▶ Why Orbital ATK is back in Wall Streets favor   [Mar-06-17 02:40PM  at bizjournals.com]
▶ The Race to Put Robots in Space Has Begun   [02:03PM  at Motley Fool]
▶ How Profitable Is SpaceX, Really?   [Feb-05-17 10:13AM  at Motley Fool]
Stock chart of OA Financial statements of OA Annual reports of OA
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.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.