Science Applications International Corporation (SAIC) 주식 분석

회사 개요

Science Applications International Corporation is a leading provider of technical, engineering, and mission-critical enterprise information technology services primarily within the United States market. The company operates within the Technology sector, specifically focusing on the Information Technology Services industry, which entails delivering specialized digital solutions to government and civilian entities. SAIC employs a workforce of 23,000 individuals and holds a market capitalization of $4.42B, reflecting its established presence in the technology landscape. With annual revenue reaching $7.26B, the company's valuation and revenue figures indicate a substantial scale that positions it as a significant player capable of executing large-scale IT modernization projects for both defense and civilian clients.

재무 건전성

The company reported a total revenue of $7.26B over the trailing twelve months, generating a net income of $358.00M and an EBITDA of $687.00M. The substantial gap between the $7.26B revenue and the $358.00M net income reveals a cost structure characterized by significant operating expenses, resulting in a profit margin of only 4.9%. Free cash flow stood at $417.25M, indicating a strong capacity for generating cash after capital expenditures, which supports financial flexibility for operational needs. The company maintains a gross margin of 12.1%, an operating margin of 9.1%, and a profit margin of 4.9%, where the widening spread between gross and net margins highlights the intensity of operating costs inherent in service delivery. On the liability side, the company holds $182.00M in cash against $2.71B in debt, creating a debt-to-equity ratio of 180.40 that suggests a leveraged balance sheet rather than a conservative one. Despite the high leverage, the current ratio of 1.20 indicates that the company possesses sufficient current assets to cover its short-term liabilities. Furthermore, the return on equity of 23.3% and return on assets of 6.3% demonstrate that management is generating significant returns on shareholder capital relative to the asset base.

밸류에이션 평가

The trailing twelve-month P/E ratio is 13.10, while the forward P/E is projected at 9.18, implying that the market expects earnings growth in the future to drive the valuation lower relative to current price. The price-to-book ratio stands at 2.87, suggesting that the market values the company at a premium over its book value, likely due to intangible assets and future service contracts. Alternative valuation metrics such as the price-to-sales ratio of 0.61 and the EV/EBITDA of 9.87 provide additional context, indicating that the stock trades at less than one dollar of sales per share. The stock's 52-week trading range spans from a low of $81.08 to a high of $124.11, and without the current specific share price, the relative position within this range is defined by this historical volatility. The beta of 0.30 indicates that the stock exhibits significantly lower price volatility compared to the broader market, acting as a defensive holding during periods of market turbulence.

Growth & Income

Revenue growth for the trailing twelve months was -4.8%, while earnings growth was -6.2%, showing that earnings are contracting at a faster rate than revenue, which typically points to margin compression or increased cost pressures. The company offers a dividend yield of 1.5% with a payout ratio of 19.2%, indicating that the dividend is highly sustainable as it requires less than one-fifth of the net income to be distributed to shareholders. Given the negative growth rates, the company may prioritize maintaining its dividend stability over aggressive reinvestment for expansion in the near term. Overall, the growth and income profile presents a scenario of a mature business with stable but declining growth metrics supported by a highly sustainable dividend payout and low volatility characteristics.