Intrinsic value of Science Applications International - SAIC

Previous Close

$77.31

  Intrinsic Value

$59.01

stock screener

  Rating & Target

sell

-24%

Previous close

$77.31

 
Intrinsic value

$59.01

 
Up/down potential

-24%

 
Rating

sell

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

We calculate the intrinsic value of SAIC 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 3.3

 

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, %
  3.13
  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
  4,450
  4,539
  4,643
  4,763
  4,897
  5,045
  5,208
  5,385
  5,577
  5,784
  6,006
  6,244
  6,497
  6,767
  7,054
  7,358
  7,680
  8,022
  8,383
  8,764
  9,167
  9,592
  10,040
  10,512
  11,010
  11,534
  12,086
  12,667
  13,278
  13,921
  14,597
Variable operating expenses, $m
 
  3,058
  3,126
  3,204
  3,292
  3,389
  3,496
  3,612
  3,737
  3,873
  4,018
  4,087
  4,253
  4,430
  4,617
  4,817
  5,028
  5,251
  5,487
  5,737
  6,001
  6,279
  6,572
  6,881
  7,207
  7,550
  7,911
  8,292
  8,692
  9,113
  9,555
Fixed operating expenses, $m
 
  1,238
  1,269
  1,301
  1,333
  1,367
  1,401
  1,436
  1,472
  1,509
  1,546
  1,585
  1,625
  1,665
  1,707
  1,750
  1,793
  1,838
  1,884
  1,931
  1,979
  2,029
  2,080
  2,132
  2,185
  2,240
  2,296
  2,353
  2,412
  2,472
  2,534
Total operating expenses, $m
  4,179
  4,296
  4,395
  4,505
  4,625
  4,756
  4,897
  5,048
  5,209
  5,382
  5,564
  5,672
  5,878
  6,095
  6,324
  6,567
  6,821
  7,089
  7,371
  7,668
  7,980
  8,308
  8,652
  9,013
  9,392
  9,790
  10,207
  10,645
  11,104
  11,585
  12,089
Operating income, $m
  271
  243
  248
  258
  272
  290
  312
  338
  368
  403
  442
  572
  619
  672
  729
  792
  859
  933
  1,011
  1,096
  1,187
  1,284
  1,388
  1,499
  1,618
  1,744
  1,879
  2,022
  2,174
  2,336
  2,508
EBITDA, $m
  324
  343
  348
  358
  372
  390
  413
  440
  471
  506
  545
  590
  638
  692
  750
  813
  882
  956
  1,035
  1,121
  1,213
  1,312
  1,417
  1,529
  1,649
  1,777
  1,914
  2,059
  2,213
  2,376
  2,550
Interest expense (income), $m
  48
  46
  47
  49
  51
  53
  55
  58
  61
  64
  68
  71
  75
  79
  84
  89
  94
  99
  105
  111
  117
  124
  131
  139
  146
  155
  163
  173
  182
  193
  203
Earnings before tax, $m
  220
  197
  202
  209
  221
  237
  256
  280
  307
  339
  374
  500
  544
  593
  645
  703
  766
  833
  906
  985
  1,069
  1,160
  1,257
  1,361
  1,471
  1,589
  1,715
  1,849
  1,992
  2,144
  2,305
Tax expense, $m
  72
  53
  54
  56
  60
  64
  69
  76
  83
  91
  101
  135
  147
  160
  174
  190
  207
  225
  245
  266
  289
  313
  339
  367
  397
  429
  463
  499
  538
  579
  622
Net income, $m
  148
  144
  147
  153
  161
  173
  187
  204
  224
  247
  273
  365
  397
  433
  471
  513
  559
  608
  662
  719
  781
  847
  918
  993
  1,074
  1,160
  1,252
  1,350
  1,454
  1,565
  1,682

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  210
  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
  2,042
  1,869
  1,912
  1,961
  2,016
  2,077
  2,144
  2,217
  2,296
  2,381
  2,473
  2,570
  2,675
  2,786
  2,904
  3,029
  3,162
  3,302
  3,451
  3,608
  3,774
  3,949
  4,133
  4,328
  4,533
  4,748
  4,976
  5,215
  5,466
  5,731
  6,010
Adjusted assets (=assets-cash), $m
  1,832
  1,869
  1,912
  1,961
  2,016
  2,077
  2,144
  2,217
  2,296
  2,381
  2,473
  2,570
  2,675
  2,786
  2,904
  3,029
  3,162
  3,302
  3,451
  3,608
  3,774
  3,949
  4,133
  4,328
  4,533
  4,748
  4,976
  5,215
  5,466
  5,731
  6,010
Revenue / Adjusted assets
  2.429
  2.429
  2.428
  2.429
  2.429
  2.429
  2.429
  2.429
  2.429
  2.429
  2.429
  2.430
  2.429
  2.429
  2.429
  2.429
  2.429
  2.429
  2.429
  2.429
  2.429
  2.429
  2.429
  2.429
  2.429
  2.429
  2.429
  2.429
  2.429
  2.429
  2.429
Average production assets, $m
  278
  281
  288
  295
  304
  313
  323
  334
  346
  359
  372
  387
  403
  420
  437
  456
  476
  497
  520
  543
  568
  595
  622
  652
  683
  715
  749
  785
  823
  863
  905
Working capital, $m
  286
  104
  107
  110
  113
  116
  120
  124
  128
  133
  138
  144
  149
  156
  162
  169
  177
  184
  193
  202
  211
  221
  231
  242
  253
  265
  278
  291
  305
  320
  336
Total debt, $m
  1,047
  1,041
  1,079
  1,124
  1,173
  1,228
  1,289
  1,354
  1,426
  1,502
  1,584
  1,672
  1,766
  1,866
  1,973
  2,085
  2,205
  2,331
  2,465
  2,606
  2,755
  2,913
  3,079
  3,254
  3,438
  3,633
  3,837
  4,052
  4,279
  4,517
  4,768
Total liabilities, $m
  1,688
  1,682
  1,720
  1,765
  1,814
  1,869
  1,930
  1,995
  2,067
  2,143
  2,225
  2,313
  2,407
  2,507
  2,614
  2,726
  2,846
  2,972
  3,106
  3,247
  3,396
  3,554
  3,720
  3,895
  4,079
  4,274
  4,478
  4,693
  4,920
  5,158
  5,409
Total equity, $m
  354
  187
  191
  196
  202
  208
  214
  222
  230
  238
  247
  257
  267
  279
  290
  303
  316
  330
  345
  361
  377
  395
  413
  433
  453
  475
  498
  521
  547
  573
  601
Total liabilities and equity, $m
  2,042
  1,869
  1,911
  1,961
  2,016
  2,077
  2,144
  2,217
  2,297
  2,381
  2,472
  2,570
  2,674
  2,786
  2,904
  3,029
  3,162
  3,302
  3,451
  3,608
  3,773
  3,949
  4,133
  4,328
  4,532
  4,749
  4,976
  5,214
  5,467
  5,731
  6,010
Debt-to-equity ratio
  2.958
  5.570
  5.650
  5.730
  5.820
  5.910
  6.010
  6.110
  6.210
  6.310
  6.410
  6.510
  6.600
  6.700
  6.790
  6.880
  6.970
  7.060
  7.140
  7.220
  7.300
  7.380
  7.450
  7.520
  7.590
  7.650
  7.710
  7.770
  7.830
  7.880
  7.930
Adjusted equity ratio
  0.079
  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
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  148
  144
  147
  153
  161
  173
  187
  204
  224
  247
  273
  365
  397
  433
  471
  513
  559
  608
  662
  719
  781
  847
  918
  993
  1,074
  1,160
  1,252
  1,350
  1,454
  1,565
  1,682
Depreciation, amort., depletion, $m
  53
  99
  100
  100
  100
  101
  101
  102
  102
  103
  104
  18
  19
  20
  20
  21
  22
  23
  24
  25
  26
  28
  29
  30
  32
  33
  35
  37
  38
  40
  42
Funds from operations, $m
  328
  243
  247
  253
  262
  274
  288
  306
  327
  350
  377
  383
  416
  452
  492
  534
  581
  631
  686
  744
  807
  874
  947
  1,024
  1,106
  1,194
  1,287
  1,387
  1,492
  1,605
  1,724
Change in working capital, $m
  55
  2
  2
  3
  3
  3
  4
  4
  4
  5
  5
  5
  6
  6
  7
  7
  7
  8
  8
  9
  9
  10
  10
  11
  11
  12
  13
  13
  14
  15
  16
Cash from operations, $m
  273
  241
  244
  250
  259
  270
  285
  302
  322
  346
  372
  378
  410
  446
  485
  527
  574
  624
  678
  736
  798
  865
  936
  1,013
  1,094
  1,181
  1,274
  1,373
  1,478
  1,590
  1,709
Maintenance CAPEX, $m
  0
  -13
  -13
  -13
  -14
  -14
  -15
  -15
  -16
  -16
  -17
  -17
  -18
  -19
  -20
  -20
  -21
  -22
  -23
  -24
  -25
  -26
  -28
  -29
  -30
  -32
  -33
  -35
  -37
  -38
  -40
New CAPEX, $m
  -17
  -4
  -6
  -7
  -8
  -9
  -10
  -11
  -12
  -13
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -24
  -25
  -26
  -28
  -29
  -31
  -32
  -34
  -36
  -38
  -40
  -42
Cash from investing activities, $m
  -11
  -17
  -19
  -20
  -22
  -23
  -25
  -26
  -28
  -29
  -31
  -32
  -34
  -36
  -38
  -39
  -41
  -43
  -45
  -48
  -50
  -52
  -56
  -58
  -61
  -64
  -67
  -71
  -75
  -78
  -82
Free cash flow, $m
  262
  225
  225
  229
  237
  247
  260
  276
  295
  317
  341
  346
  376
  410
  448
  488
  532
  580
  632
  688
  748
  812
  881
  954
  1,033
  1,117
  1,207
  1,302
  1,404
  1,512
  1,627
Issuance/(repayment) of debt, $m
  -27
  19
  39
  44
  50
  55
  60
  66
  71
  77
  82
  88
  94
  100
  106
  113
  119
  126
  134
  141
  149
  157
  166
  175
  184
  194
  204
  215
  226
  238
  251
Issuance/(repurchase) of shares, $m
  -175
  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  
  -193
  19
  39
  44
  50
  55
  60
  66
  71
  77
  82
  88
  94
  100
  106
  113
  119
  126
  134
  141
  149
  157
  166
  175
  184
  194
  204
  215
  226
  238
  251
Total cash flow (excl. dividends), $m
  69
  243
  264
  273
  286
  302
  320
  342
  366
  393
  424
  434
  470
  510
  554
  601
  652
  707
  766
  829
  897
  969
  1,047
  1,129
  1,218
  1,311
  1,411
  1,518
  1,630
  1,750
  1,877
Retained Cash Flow (-), $m
  26
  -18
  -4
  -5
  -6
  -6
  -7
  -7
  -8
  -9
  -9
  -10
  -10
  -11
  -12
  -13
  -13
  -14
  -15
  -16
  -17
  -17
  -18
  -19
  -20
  -22
  -23
  -24
  -25
  -26
  -28
Prev. year cash balance distribution, $m
 
  185
  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
 
  410
  259
  269
  281
  296
  314
  334
  358
  385
  414
  424
  460
  499
  542
  588
  639
  693
  751
  813
  880
  952
  1,028
  1,110
  1,197
  1,290
  1,389
  1,494
  1,605
  1,724
  1,850
Discount rate, %
 
  8.30
  8.72
  9.15
  9.61
  10.09
  10.59
  11.12
  11.68
  12.26
  12.88
  13.52
  14.20
  14.91
  15.65
  16.43
  17.26
  18.12
  19.02
  19.97
  20.97
  22.02
  23.12
  24.28
  25.49
  26.77
  28.11
  29.51
  30.99
  32.54
  34.16
PV of cash for distribution, $m
 
  379
  219
  207
  195
  183
  171
  160
  148
  136
  123
  105
  94
  82
  71
  60
  50
  41
  33
  26
  20
  15
  11
  7
  5
  3
  2
  1
  1
  0
  0
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

Science Applications International Corporation (SAIC) is a provider of technical, engineering and enterprise information technology (IT) services. The Company provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies. The Company provides engineering, systems integration and information technology offerings for government projects, and offers a range of services with a targeted emphasis on higher-end, differentiated technology services. The Company's offerings include engineering; technology and equipment platform integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services, and end-to-end services spanning the design, development, integration, deployment, management and operations, sustainment and security of its customers' entire IT infrastructure.

FINANCIAL RATIOS  of  Science Applications International (SAIC)

Valuation Ratios
P/E Ratio 23
Price to Sales 0.8
Price to Book 9.6
Price to Tangible Book
Price to Cash Flow 12.5
Price to Free Cash Flow 13.3
Growth Rates
Sales Growth Rate 3.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -15%
Cap. Spend. - 3 Yr. Gr. Rate 1.2%
Financial Strength
Quick Ratio 8
Current Ratio 0.1
LT Debt to Equity 288.7%
Total Debt to Equity 295.8%
Interest Coverage 6
Management Effectiveness
Return On Assets 8.7%
Ret/ On Assets - 3 Yr. Avg. 9.1%
Return On Total Capital 10.4%
Ret/ On T. Cap. - 3 Yr. Avg. 12.4%
Return On Equity 40.3%
Return On Equity - 3 Yr. Avg. 37.2%
Asset Turnover 2.1
Profitability Ratios
Gross Margin 10%
Gross Margin - 3 Yr. Avg. 9.4%
EBITDA Margin 7.2%
EBITDA Margin - 3 Yr. Avg. 6.8%
Operating Margin 6.1%
Oper. Margin - 3 Yr. Avg. 5.8%
Pre-Tax Margin 4.9%
Pre-Tax Margin - 3 Yr. Avg. 5%
Net Profit Margin 3.3%
Net Profit Margin - 3 Yr. Avg. 3.2%
Effective Tax Rate 32.7%
Eff/ Tax Rate - 3 Yr. Avg. 35.2%
Payout Ratio 36.5%

SAIC stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SAIC stock intrinsic value calculation we used $4450 million for the last fiscal year's total revenue generated by Science Applications International. The default revenue input number comes from 2017 income statement of Science Applications International. 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 SAIC 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 8.3%, whose default value for SAIC is calculated based on our internal credit rating of Science Applications International, 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 Science Applications International.
    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 SAIC stock the variable cost ratio is equal to 67.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $1208 million in the base year in the intrinsic value calculation for SAIC 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 4.5% for Science Applications International.

Corporate tax rate of 27% is the nominal tax rate for Science Applications International. 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 SAIC 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 SAIC are equal to 6.2%.

Life of production assets of 21.5 years is the average useful life of capital assets used in Science Applications International 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 SAIC is equal to 2.3%. 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 - $354 million for Science Applications International - 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 43.172 million for Science Applications International 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 Science Applications International at the current share price and the inputted number of shares is $3.3 billion.

RELATED COMPANIES Price Int.Val. Rating
MANT ManTech Intern 50.41 43.73  hold
CACI CACI Internati 133.85 169.61  hold
BAH Booz Allen Ham 38.32 32.97  hold
CSRA CSRA 29.88 101.40  str.buy
AWRE Aware 4.45 4.98  hold
IBM International 153.91 173.22  hold
NOC Northrop Grumm 308.46 394.19  buy
RTN Raytheon 188.65 243.69  buy
LMT Lockheed Marti 317.79 124.24  str.sell

COMPANY NEWS

▶ SAIC Declares Quarterly Cash Dividend   [Dec-14-17 06:30AM  Business Wire]
▶ Mark J. Johnson Joins SAICs Board of Directors   [Dec-11-17 04:15PM  Business Wire]
▶ 3 Stocks Trade Higher on Friday   [Dec-08-17 03:28PM  GuruFocus.com]
▶ SAIC tops Street 3Q forecasts   [Dec-07-17 04:23PM  Associated Press]
▶ SAIC Declares Quarterly Cash Dividend   [04:05PM  Business Wire]
▶ SAIC offers buyouts to senior managers, consolidates organizations   [Oct-02-17 10:50AM  American City Business Journals]
▶ SAIC Awarded $250 Million USDA Contract   [06:30AM  Business Wire]
▶ SAIC Awarded $165 Million IT Contract by Virginia   [Sep-21-17 04:15PM  Business Wire]
▶ SAIC misses Street 2Q forecasts   [Sep-07-17 09:35PM  Associated Press]
▶ SAIC Awarded $39 Million Task Order by SSC Atlantic   [Aug-16-17 06:30AM  Business Wire]
▶ Why Investors Gave SAIC an F in Q1   [Jul-07-17 02:00PM  Motley Fool]
▶ Story Stocks from Briefing.com   [09:55AM  Briefing.com]
▶ Top 10 Most Expensive Cities in the U.S.   [06:00AM  Investopedia]
▶ SAIC tops 1Q profit forecasts   [04:20PM  Associated Press]
▶ SAIC to move corporate HQ to Reston, hire COO   [09:44AM  American City Business Journals]
▶ Industry vet named CEO of Harris IT spinoff   [Jun-06-17 09:20AM  American City Business Journals]
▶ Why SAIC and other government services firms are setting up remote IT shops   [May-24-17 04:12PM  American City Business Journals]
▶ SAIC Awarded $320 Million EPA Task Order   [May-18-17 06:30AM  Business Wire]
▶ SAIC Awarded $61 Million Task Order by SSC Atlantic   [May-11-17 06:30AM  Business Wire]
▶ SAIC to Hold Annual Meeting of Stockholders on June 7, 2017   [May-05-17 06:30AM  Business Wire]
Financial statements of SAIC
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.