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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Ps Multiple | 0.8x - 0.9x | 0.8x |
Selected Fwd Ps Multiple | 0.7x - 0.8x | 0.8x |
Fair Value | $122.71 - $135.63 | $129.17 |
Upside | 1.2% - 11.8% | 6.5% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Booz Allen Hamilton Holding Corporation | - | NYSE:BAH |
Maximus, Inc. | - | NYSE:MMS |
ICF International, Inc. | - | NasdaqGS:ICFI |
Leidos Holdings, Inc. | - | NYSE:LDOS |
Jacobs Solutions Inc. | - | NYSE:J |
Science Applications International Corporation | - | NasdaqGS:SAIC |
Select Price / LTM Sales Ratio | ||||||||
Benchmark Companies | ||||||||
BAH | MMS | ICFI | LDOS | J | SAIC | |||
NYSE:BAH | NYSE:MMS | NasdaqGS:ICFI | NYSE:LDOS | NYSE:J | NasdaqGS:SAIC | |||
Historical Sales Growth | ||||||||
5Y CAGR | 9.7% | 12.9% | 6.4% | 8.5% | -2.0% | 3.2% | ||
3Y CAGR | 10.7% | 7.6% | 9.2% | 6.6% | -6.5% | 0.4% | ||
Latest Twelve Months | 14.1% | 8.0% | 2.0% | 7.8% | 35.4% | 0.5% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 5.9% | 5.3% | 4.3% | 4.9% | 5.0% | 4.3% | ||
Prior Fiscal Year | 2.9% | 3.3% | 4.2% | 1.3% | 3.6% | 6.4% | ||
Latest Fiscal Year | 5.6% | 5.8% | 5.5% | 7.5% | 5.2% | 4.8% | ||
Latest Twelve Months | 7.3% | 5.3% | 5.4% | 7.9% | 4.0% | 4.8% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 13.4x | 8.9x | 10.1x | 11.2x | 12.9x | 11.6x | ||
Price / LTM Sales | 1.3x | 0.7x | 0.8x | 1.2x | 1.2x | 0.8x | ||
LTM P/E Ratio | 18.1x | 13.2x | 14.2x | 14.9x | 37.8x | 15.8x | ||
Low | Mid | High | ||||||
Benchmark LTM P/S Ratio | 0.7x | 1.2x | 1.3x | |||||
Historical LTM P/S Ratio | 0.6x | 0.8x | 0.9x | |||||
Selected Price / Sales Multiple | 0.8x | 0.8x | 0.9x | |||||
(x) LTM Sales | 7,479 | 7,479 | 7,479 | |||||
(=) Equity Value | 5,759 | 6,062 | 6,365 | |||||
(/) Shares Outstanding | 47.2 | 47.2 | 47.2 | |||||
Implied Value Range | 122.10 | 128.52 | 134.95 | |||||
FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 122.10 | 128.52 | 134.95 | 121.29 | ||||
Upside / (Downside) | 0.7% | 6.0% | 11.3% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | BAH | MMS | ICFI | LDOS | J | SAIC | |
Value of Common Equity | 15,622 | 3,762 | 1,555 | 19,919 | 14,355 | 5,721 | |
(/) Shares Outstanding | 126.6 | 56.6 | 18.4 | 128.7 | 120.2 | 47.2 | |
Implied Stock Price | 123.35 | 66.47 | 84.46 | 154.75 | 119.47 | 121.29 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 123.35 | 66.47 | 84.46 | 154.75 | 119.47 | 121.29 | |
Trading Currency | USD | USD | USD | USD | USD | USD | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |