Company Valuation: Leidos Holdings, Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 12,476 14,378 14,851 19,121 23,458 14,140 - -
Change - 15.25% 3.28% 28.75% 22.68% -39.72% - -
Enterprise Value (EV) 1 16,825 18,782 18,756 22,848 26,998 19,267 19,007 18,786
Change - 11.63% -0.14% 21.82% 18.16% -28.63% -1.35% -1.16%
P/E 16.9x 21.2x 75x 15.5x 16.5x 10.2x 9.14x 8.14x
PBR 2.9x 3.35x 3.54x 4.26x 4.85x 2.47x 2.28x 2.09x
PEG - -3.6x -1.1x 0x 0.8x -9.48x 0.8x 0.7x
Capitalization / Revenue 0.91x 1x 0.96x 1.15x 1.37x 0.77x 0.74x 0.71x
EV / Revenue 1.22x 1.3x 1.21x 1.37x 1.57x 1.06x 1x 0.94x
EV / EBITDA 11.1x 12.6x 11.2x 10.6x 11.2x 7.75x 7.37x 6.9x
EV / EBIT 14.6x 17.3x 30.2x 12.5x 12.8x 8.84x 8.25x 7.68x
EV / FCF 18.2x 21.9x 19.6x 18.4x 16.6x 12.4x 11.5x 10.6x
FCF Yield 5.51% 4.56% 5.11% 5.44% 6.02% 8.07% 8.73% 9.45%
Dividend per Share 2 1.4 1.44 1.46 1.54 1.63 1.748 1.829 1.942
Rate of return 1.57% 1.37% 1.35% 1.07% 0.89% 1.55% 1.63% 1.73%
EPS 2 5.27 4.96 1.44 9.22 11.14 11.02 12.3 13.82
Distribution rate 26.6% 29% 101% 16.7% 14.6% 15.9% 14.9% 14.1%
Net sales 1 13,737 14,396 15,438 16,662 17,174 18,245 19,085 20,002
EBITDA 1 1,510 1,493 1,669 2,153 2,420 2,487 2,579 2,721
EBIT 1 1,152 1,088 621 1,827 2,109 2,178 2,303 2,447
Net income 1 753 685 199 1,254 1,448 1,411 1,521 1,630
Net Debt 1 4,349 4,404 3,905 3,727 3,540 5,128 4,867 4,647
Reference price 2 88.90 105.19 108.00 143.30 183.47 112.41 112.41 112.41
Nbr of stocks (in thousands) 140,339 136,690 137,506 133,433 127,855 125,785 - -
Announcement Date 2/15/22 2/14/23 2/13/24 2/11/25 2/17/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22x3.58x12.52x3.05% 209B
12.09x1.33x7x3.97% 99.92B
-104.41x16.55x95.82x-.--% 103B
15.77x2.89x10.9x5.21% 92.16B
21.01x5.48x13.46x2.73% 62.81B
15.13x2.21x9.37x5.16% 49B
22.02x1.8x11.45x1.33% 42.45B
18.43x2.37x11.35x4.69% 38.34B
22.32x1.66x10.47x0.85% 41.61B
Average 4.93x 4.21x 20.26x 3% 82.06B
Weighted average by Cap. 1.49x 4.80x 22.86x 2.99%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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