Discounted Cash Flow

Science Applications International Corp.

SAIC · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2017 $4.5b $148.0m $258.0m 3.3% $3.33
2018 $4.5b (0.1%) $179.0m (20.9%) $195.0m (-24.4%) 4.0% (20.8%) $4.13 (24.0%)
2019 $4.7b (4.6%) $137.0m (-23.5%) $156.0m (-20.0%) 2.9% (-26.8%) $3.16 (-23.5%)
2020 $6.4b (36.9%) $226.0m (65.0%) $437.0m (180.1%) 3.5% (20.5%) $3.87 (22.5%)
2021 $7.1b (10.6%) $209.0m (-7.5%) $709.0m (62.2%) 3.0% (-16.4%) $3.60 (-7.0%)
2022 $7.4b (4.8%) $277.0m (32.5%) $482.0m (-32.0%) 3.7% (26.5%) $4.81 (33.6%)
2023 $7.7b (4.2%) $300.0m (8.3%) $507.0m (5.2%) 3.9% (3.9%) $5.42 (12.7%)
2024 $7.4b (-3.4%) $477.0m (59.0%) $369.0m (-27.2%) 6.4% (64.6%) $8.98 (65.7%)
2025 $7.5b (0.5%) $362.0m (-24.1%) $458.0m (24.1%) 4.8% (-24.5%) $7.23 (-19.5%)
2026 $7.3b (-2.9%) $358.0m (-1.1%) $577.0m (26.0%) 4.9% (1.9%) $7.73 (6.9%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model