Business Summary
Leidos Holdings, Inc., an applied technology company, delivers solutions and services in the national security, health, and engineering markets in the United States and internationally. The companys National Security Solutions segment offers solutions and systems for air, land, sea, space, and cyberspace for the U.S. intelligence community, the U.S. department of defense, military services, the U.S. department of homeland security, and government agencies of U.S. allies abroad. Its solutions offer technology, intelligence systems, command and control, data analytics, cybersecurity, logistics, and intelligence analysis and operations support services to critical missions. The Health and Engineering segment offers electronic health record (EHR) system and behavior health services; implements and optimizes EHR systems at commercial hospitals; and provides life science research and development support services. This segment also offers process industries engineering services and solutions to mid-tier refineries and industrial companies; security products, services, and solutions; power grid engineering services and solutions; federal environmental and engineering services; and transaction and asset valuation services for the power industry. The company was founded in 1969 and is headquartered in Reston, Virginia.
Valuation Measures
|
Market Cap |
3.04B |
|
Enterprise Value |
3.80B |
|
Trailing P/E |
N/A |
|
Price/Sales (ttm) |
0.59 |
|
Price/Book (mrq) |
3.27 |
|
Enterprise Value/Revenue (ttm) |
0.75 |
|
Enterprise Value/EBITDA (ttm) |
9.10 |
Share Statistics
|
Avg Vol (3 month) |
398,014 |
|
Avg Vol (10 day) |
559,250 |
|
Shares Outstanding |
72.06M |
|
Float |
63.81M |
|
% Held by Insiders1 |
0.98% |
|
% Held by Institutions1 |
59.60% |
|
Shares Short (as of Nov 14, 2014) |
397.54K |
|
Return on Assets (ttm) |
5.98% |
|
Return on Equity (ttm) |
-25.45% |
|
Fiscal Year Ends |
Jan-15 |
|
Most Recent Quarter (mrq) |
Jul-15 |
Estimates
|
Estimates |
Current Year |
Next Year |
|
Jan-15 |
Jan-15 |
| Earnings Est |
N/A |
N/A |
| Revenue Est |
4.88B |
4.99B |
Key Executives
|
0 |
Mr. Roger A. Krone , 58 |
|
1 |
Chairman, Chief Exec. Officer, Member of Classified Bus. Oversight Committee and Member of Ethics & Corp. Responsibility Committee |
|
2 |
Mr. Vincent A. Maffeo , 64 |
|
3 |
Exec. VP and Gen. Counsel |
|
4 |
Ms. Sarah K. Allen , 56 |
|
5 |
Chief HR Officer and Exec. VP |
|
6 |
Mr. James C. Reagan , 56 |
|
7 |
Chief Financial Officer and Exec. VP |
|
8 |
Mr. Kenneth P. Sharp , 45 |
|
9 |
Chief Accounting Officer and Corp. Controller |
Income statement (Annual)
|
Period Ending |
29.09.2012 |
28.09.2013 |
27.09.2014 |
| Total Revenue |
6,449,000 |
5,755,000 |
5,063,000 |
| Cost of Revenue |
5,548,000 |
4,992,000 |
4,392,000 |
| Gross Profit |
901,000 |
763,000 |
671,000 |
| Operating Expenses |
- |
- |
- |
| Research Development |
467,000 |
440,000 |
310,000 |
| Selling General and Administrative |
13,000 |
160,000 |
575,000 |
| Non Recurring |
- |
- |
- |
| Others |
0 |
0 |
0 |
| Total Operating Expenses |
- |
- |
- |
| Operating Income or Loss |
421,000 |
163,000 |
-214,000 |
| Income from Continuing Operations |
|
|
|
| Total Other Income/Expenses Net |
17,000 |
7,000 |
6,000 |
| Earnings Before Interest And Taxes |
438,000 |
170,000 |
-208,000 |
| Interest Expense |
93,000 |
82,000 |
75,000 |
| Income Before Tax |
345,000 |
88,000 |
-283,000 |
| Income Tax Expense |
22,000 |
4,000 |
47,000 |
| Minority Interest |
- |
- |
- |
| Net Income From Continuing Ops |
323,000 |
84,000 |
-330,000 |
| Non-recurring Events |
|
|
|
| Discontinued Operations |
202,000 |
80,000 |
7,000 |
| Extraordinary Items |
- |
- |
- |
| Effect Of Accounting Changes |
- |
- |
- |
| Other Items |
- |
- |
- |
| Net Income |
525,000 |
164,000 |
-323,000 |
| Preferred Stock And Other Adjustments |
- |
- |
- |
| Net Income Applicable To Common Shares |
525,000 |
164,000 |
-323,000 |
Income statement (Quarterly)
|
Period Ending |
27.09.2014 |
27.12.2014 |
28.03.2015 |
27.06.2015 |
| Total Revenue |
1,276,000 |
1,169,000 |
1,246,000 |
1,257,000 |
| Cost of Revenue |
1,115,000 |
1,017,000 |
1,093,000 |
1,113,000 |
| Gross Profit |
161,000 |
152,000 |
153,000 |
144,000 |
| Operating Expenses |
|
|
|
|
| Research Development |
- |
- |
- |
- |
| Selling General and Administrative |
68,000 |
71,000 |
75,000 |
51,000 |
| Non Recurring |
21,000 |
44,000 |
40,000 |
29,000 |
| Others |
- |
- |
- |
- |
| Total Operating Expenses |
- |
- |
- |
- |
| Operating Income or Loss |
72,000 |
37,000 |
38,000 |
64,000 |
| Income from Continuing Operations |
|
|
|
|
| Total Other Income/Expenses Net |
1,000 |
4,000 |
-1,000 |
2,000 |
| Earnings Before Interest And Taxes |
73,000 |
41,000 |
37,000 |
66,000 |
| Interest Expense |
19,000 |
17,000 |
14,000 |
14,000 |
| Income Before Tax |
54,000 |
24,000 |
23,000 |
52,000 |
| Income Tax Expense |
16,000 |
-2,000 |
- |
15,000 |
| Minority Interest |
- |
- |
- |
- |
| Net Income From Continuing Ops |
38,000 |
26,000 |
23,000 |
37,000 |
| Non-recurring Events |
|
|
|
|
| Discontinued Operations |
-4,000 |
18,000 |
18,000 |
- |
| Extraordinary Items |
- |
- |
- |
- |
| Effect Of Accounting Changes |
- |
- |
- |
- |
| Other Items |
- |
- |
- |
- |
| Net Income |
34,000 |
44,000 |
41,000 |
37,000 |
| Preferred Stock And Other Adjustments |
- |
- |
- |
- |
| Net Income Applicable To Common Shares |
34,000 |
44,000 |
41,000 |
37,000 |
Peer Comparison
|
|
AAPL |
BBRY |
GOOG |
HPQ |
Industry |
| Market Cap |
3.04B |
N/A |
1.86B |
972.62M |
3.82B |
| Employees |
19,000 |
56,001 |
16,600 |
7,100 |
6.95K |
| Qtrly Rev Growth (yoy) |
N/A |
N/A |
-4.0% |
-17.0% |
25.0% |
| Revenue (ttm) |
5.06B |
1.39B1 |
3.31B |
1.61B |
1.69B |
| Gross Margin (ttm) |
13.0% |
N/A |
34.0% |
15.0% |
60.0% |
| EBITDA (ttm) |
418.00M |
N/A |
298.55M |
122.40M |
418.00M |
| Operating Margin (ttm) |
7.0% |
N/A |
7.0% |
6.0% |
19.0% |
| Net Income (ttm) |
-330.00M |
-11.90M1 |
126.19M |
54.16M |
N/A |
| EPS (ttm) |
-4.37 |
N/A |
5.17 |
1.45 |
2.32 |
| P/E (ttm) |
N/A |
N/A |
14.89 |
17.92 |
30.00 |
| PEG (5 yr expected) |
N/A |
N/A |
1.83 |
2.50 |
1.83 |
| P/S (ttm) |
0.59 |
N/A |
0.55 |
0.61 |
3.50 |
Upcoming Events
|
Date |
Event |
| Dec 1 - Dec 7, 2015 (Est.) |
Earnings announcement |
Recent Events
|
Date |
Event |
| 9/4/2015 |
LEIDOS HOLDINGS, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibi |
| 9/2/2015 |
Leidos Investor Conference Call on DHMSM Contract scheduled for 500 pm ET today |
| 8/7/2015 |
LEIDOS HOLDINGS, INC. Files SEC form 10-Q/A, Quarterly Report |
| 8/5/2015 |
(Calendar) Leidos Holdings Inc Earnings Call scheduled for 800 am ET today |
| 8/5/2015 |
LEIDOS HOLDINGS, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exh |
| 7/30/2015 |
LEIDOS HOLDINGS, INC. Files SEC form 8-K, Completion of Acquisition or Disposition of Assets, Financial Statements an |
| 7/23/2015 |
LEIDOS HOLDINGS, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibi |
| 7/12/2015 |
Ex-Date for dividend payment of $0.32 |
Major Direct Holders
|
Major Direct Holders |
Shares |
Reported |
| JUMPER JOHN P |
190,316 |
Jul-15 |
| SHEA K STUART |
111,790 |
Apr-14 |
| KRAEMER HARRY M JANSEN JR |
58,187 |
Jul-15 |
| SOPP MARK W |
23,063 |
Apr-15 |
| CRAVER JOSEPH W III |
93,309 |
Oct-13 |
Top Institutional Holders
|
Top Institutional Holders |
Shares |
% Out |
Value* |
Reported |
| Vanguard Group, Inc. (The) |
5,019,617 |
6.75 |
202,641,933 |
Jun-15 |
| FMR, LLC |
2,994,885 |
4.03 |
120,903,504 |
Jun-15 |
| Bank of New York Mellon Corporation |
2,218,894 |
2.98 |
89,576,748 |
Jun-15 |
| BlackRock Institutional Trust Company, N.A. |
2,206,372 |
2.97 |
89,071,235 |
Jun-15 |
| BlackRock Fund Advisors |
2,061,921 |
2.77 |
83,239,748 |
Jun-15 |
| JP Morgan Chase & Company |
1,752,445 |
2.36 |
70,746,202 |
Jun-15 |
| State Street Corporation |
1,610,361 |
2.16 |
65,010,271 |
Jun-15 |
| Neuberger Berman Group, LLC |
1,090,270 |
1.47 |
44,014,198 |
Jun-15 |
| Highfields Capital Management L.P. |
1,080,000 |
1.45 |
43,599,598 |
Jun-15 |
| Invesco Ltd. |
956,019 |
1.29 |
38,594,486 |
Jun-15 |
Balance sheet (Annual)
|
Period Ending |
29.09.2012 |
28.09.2013 |
27.09.2014 |
| Cash And Cash Equivalents |
735,000 |
430,000 |
443,000 |
| Short Term Investments |
- |
- |
- |
| Net Receivables |
1,166,000 |
1,082,000 |
896,000 |
| Inventory |
333,000 |
256,000 |
273,000 |
| Other Current Assets |
1,383,000 |
39,000 |
6,000 |
| Total Current Assets |
3,617,000 |
1,807,000 |
1,618,000 |
| Long Term Investments |
- |
- |
- |
| Property Plant and Equipment |
286,000 |
482,000 |
308,000 |
| Goodwill |
1,704,000 |
1,693,000 |
1,207,000 |
| Intangible Assets |
178,000 |
93,000 |
37,000 |
| Accumulated Amortization |
- |
- |
- |
| Other Assets |
78,000 |
72,000 |
97,000 |
| Deferred Long Term Asset Charges |
12,000 |
15,000 |
14,000 |
|
|
|
|
| Total Assets |
5,875,000 |
4,162,000 |
3,281,000 |
|
|
|
|
| Liabilities |
|
|
|
| Current Liabilities |
|
|
|
| Accounts Payable |
1,135,000 |
1,001,000 |
939,000 |
| Short/Current Long Term Debt |
- |
2,000 |
2,000 |
| Other Current Liabilities |
657,000 |
6,000 |
10,000 |
| Total Current Liabilities |
1,792,000 |
1,009,000 |
951,000 |
| Long Term Debt |
1,295,000 |
1,331,000 |
1,164,000 |
| Other Liabilities |
170,000 |
227,000 |
168,000 |
| Deferred Long Term Liability Charges |
- |
- |
- |
| Minority Interest |
- |
- |
- |
| Negative Goodwill |
- |
- |
- |
|
|
|
|
| Total Liabilities |
3,257,000 |
2,567,000 |
2,283,000 |
|
|
|
|
| Stockholders' Equity |
|
|
|
| Misc Stocks Options Warrants |
- |
- |
- |
| Redeemable Preferred Stock |
- |
- |
- |
| Preferred Stock |
- |
- |
- |
| Common Stock |
- |
- |
- |
| Retained Earnings |
510,000 |
25,000 |
-424,000 |
| Treasury Stock |
- |
- |
- |
| Capital Surplus |
2,110,000 |
1,576,000 |
1,433,000 |
| Other Stockholder Equity |
-2,000 |
-6,000 |
-11,000 |
| Total Stockholder Equity |
2,618,000 |
1,595,000 |
998,000 |
|
|
|
|
| Net Tangible Assets |
736,000 |
-191,000 |
-246,000 |
Balance sheet (Quarterly)
|
Period Ending |
27.09.2014 |
27.12.2014 |
28.03.2015 |
27.06.2015 |
| Cash And Cash Equivalents |
418,000 |
443,000 |
377,000 |
365,000 |
| Short Term Investments |
- |
- |
- |
- |
| Net Receivables |
1,021,000 |
896,000 |
977,000 |
929,000 |
| Inventory |
228,000 |
273,000 |
297,000 |
299,000 |
| Other Current Assets |
8,000 |
6,000 |
- |
99,000 |
| Total Current Assets |
1,675,000 |
1,618,000 |
1,651,000 |
1,692,000 |
| Long Term Investments |
- |
- |
- |
- |
| Property Plant and Equipment |
360,000 |
308,000 |
308,000 |
178,000 |
| Goodwill |
1,207,000 |
1,207,000 |
1,207,000 |
- |
| Intangible Assets |
39,000 |
37,000 |
35,000 |
1,239,000 |
| Accumulated Amortization |
- |
- |
- |
- |
| Other Assets |
99,000 |
97,000 |
95,000 |
88,000 |
| Deferred Long Term Asset Charges |
18,000 |
14,000 |
13,000 |
14,000 |
|
|
|
|
|
| Total Assets |
3,398,000 |
3,281,000 |
3,309,000 |
3,211,000 |
|
|
|
|
|
| Liabilities |
|
|
|
|
| Current Liabilities |
|
|
|
|
| Accounts Payable |
991,000 |
939,000 |
982,000 |
989,000 |
| Short/Current Long Term Debt |
2,000 |
2,000 |
2,000 |
2,000 |
| Other Current Liabilities |
8,000 |
10,000 |
3,000 |
5,000 |
| Total Current Liabilities |
1,001,000 |
951,000 |
987,000 |
996,000 |
| Long Term Debt |
1,227,000 |
1,164,000 |
1,156,000 |
1,127,000 |
| Other Liabilities |
194,000 |
168,000 |
166,000 |
169,000 |
| Deferred Long Term Liability Charges |
- |
- |
- |
- |
| Minority Interest |
- |
- |
- |
- |
| Negative Goodwill |
- |
- |
- |
- |
|
|
|
|
|
| Total Liabilities |
2,422,000 |
2,283,000 |
2,309,000 |
2,292,000 |
|
|
|
|
|
| Stockholders' Equity |
|
|
|
|
| Misc Stocks Options Warrants |
- |
- |
- |
- |
| Redeemable Preferred Stock |
- |
- |
- |
- |
| Preferred Stock |
- |
- |
- |
- |
| Common Stock |
- |
- |
- |
- |
| Retained Earnings |
-453,000 |
-424,000 |
-419,000 |
-406,000 |
| Treasury Stock |
- |
- |
- |
- |
| Capital Surplus |
1,435,000 |
1,433,000 |
1,431,000 |
1,336,000 |
| Other Stockholder Equity |
-6,000 |
-11,000 |
-12,000 |
-11,000 |
| Total Stockholder Equity |
976,000 |
998,000 |
1,000,000 |
919,000 |
|
|
|
|
|
| Net Tangible Assets |
-270,000 |
-246,000 |
-242,000 |
-320,000 |
Address
|
company |
Leidos Holdings, Inc. |
|
address |
11951 Freedom Drive |
|
city_state_zip |
Reston, VA 20190 |
|
phone |
571-526-6000 |
Business Summary
Leidos Holdings, Inc., an applied technology company, delivers solutions and services in the national security, health, and engineering markets in the United States and internationally. The companys National Security Solutions segment offers solutions and systems for air, land, sea, space, and cyberspace for the U.S. intelligence community, the U.S. department of defense, military services, the U.S. department of homeland security, and government agencies of U.S. allies abroad. Its solutions offer technology, intelligence systems, command and control, data analytics, cybersecurity, logistics, and intelligence analysis and operations support services to critical missions. The Health and Engineering segment offers electronic health record (EHR) system and behavior health services; implements and optimizes EHR systems at commercial hospitals; and provides life science research and development support services. This segment also offers process industries engineering services and solutions to mid-tier refineries and industrial companies; security products, services, and solutions; power grid engineering services and solutions; federal environmental and engineering services; and transaction and asset valuation services for the power industry. The company was founded in 1969 and is headquartered in Reston, Virginia.
