Science Applications International Corporation (SAIC) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+78.5%

$272.77

vs $152.81 price

Levered DCF

$296.96

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

3.09

Safe zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	13.16×	14.98×	14.22×	19.11×	17.05×	26.38×	22.68×	21.25×
P/B	3.14×	3.44×	3.8×	3.39×	2.92×	3.58×	3.61×	1.94×
P/S	0.65×	0.73×	0.91×	0.74×	0.64×	0.78×	0.8×	0.63×
EV / EBITDA	10.95×	11.31×	10.13×	12.55×	11.67×	14.1×	13.87×	17.65×
Gross margin	12.1%	11.9%	11.7%	11.5%	11.6%	11.2%	11.1%	10.0%
Operating margin	7.2%	7.2%	10.0%	6.5%	6.2%	5.5%	5.8%	4.7%
Net margin	4.9%	4.8%	6.4%	3.9%	3.7%	3.0%	3.5%	2.9%
Current ratio	1.2×	0.83×	0.98×	1.06×	0.93×	1.01×	1.27×	1.6×
Debt / equity	1.8×	1.52×	1.26×	1.49×	1.67×	1.76×	1.48×	1.39×
Interest coverage	3.88×	3.85×	6.18×	4.25×	4.4×	3.2×	4.11×	4.15×
Dividend yield	1.5%	1.4%	1.2%	1.4%	1.8%	1.6%	1.7%	1.8%
Payout ratio	19.6%	20.7%	16.6%	27.7%	31.0%	41.6%	38.5%	38.7%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	23.9%	23.0%	26.7%	17.7%	17.1%	13.6%	15.9%	9.1%
Return on invested capital	11.3%	11.5%	13.5%	8.5%	7.9%	6.7%	8.1%	4.8%
Return on assets	6.7%	6.9%	9.0%	5.4%	4.8%	3.7%	4.8%	3.0%
Free cash flow yield	12.2%	8.4%	5.4%	8.8%	10.2%	12.9%	8.5%	5.4%
Earnings yield	7.6%	6.7%	7.0%	5.2%	5.9%	3.8%	4.4%	4.7%
Enterprise value	$7.2B	$7.8B	$8.9B	$8.2B	$7.3B	$8.1B	$7B	$4.8B
Net debt / EBITDA	3.82×	3.41×	2.44×	3.72×	4.15×	4.46×	3.76×	6.86×
Cash conversion cycle (days)	14	14	13	19	24	29	38	49