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Individual company worksheets may be downloaded by simply clicking on the company name.

AECOM Technology Corporation
I am simply not a fan of companies that live mainly off of the government teet and produce absolutely nothing which is my impression of this company. They pay no dividend, and have negative tangible book value. To me the only substantial growth category for FY 2017 was the growth of accrued taxes which grew by 146%. While a five year hold (09/30/2012 thru 09/30/2017) would have averaged a roughly 15% per year return, I simply don’t see that sort of return going forward.

AECOM Technology Corporation (NYSE: ACM) – FYE 09/2017 – FAIRLY VALUED – The stock is currently trading in line with my $51 fair value estimate – Please See Linked Worksheet

Science Applications International Corporation
In the end the company is a Boris and Natasha company that continues to acquire other Boris and Natasha companies and sell services to the government. Earnings continue to grow, up 21% for FY 2017. If free cash flow remains at current levels, $5.67 for FY 2017, and debt can be reduced in the 10% range, expect to see additional acquisitions.

Science Applications International Corporation (NYSE: SAIC) – FYE 01/2017 – SELL HALF – The stock is currently trading above my $62 fair value estimate but below my $99 close target – Please See Linked Worksheet

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.