` Comparison: BA, LMT - Alpha Spread

BA
vs
LMT

Over the past 12 months, BA has significantly outperformed LMT, delivering a return of +40% compared to the LMT's 11% drop.

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BA
LMT
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Valuation Comparison

BA Intrinsic Value
1 876.45 GBX
Undervaluation 11%
Intrinsic Value
Price
LMT Intrinsic Value
530.26 USD
Undervaluation 15%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
BAE Systems PLC
LSE:BA
1 673 GBX
Lockheed Martin Corp
NYSE:LMT
452.2 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
BA, LMT

Revenue
www.alphaspread.com
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
BAE Systems PLC
Revenue
Lockheed Martin Corp
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
BA, LMT

Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
BAE Systems PLC
LSE:BA
Lockheed Martin Corp
NYSE:LMT
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What is Free Cash Flow?

Gross Margin

BA
0%
LMT
8.3%

Operating Margin

BA
9.1%
LMT
8.4%

Net Margin

BA
7.2%
LMT
5.7%

FCF Margin

BA
7.6%
LMT
6.3%

ROE

BA
17.9%
LMT
68%

ROA

BA
5.4%
LMT
7.3%

ROIC

BA
7.7%
LMT
10.3%

ROCE

BA
9.8%
LMT
16.7%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
BA, LMT

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Performance Gap
BA, LMT

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BA
LMT
Difference
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Performance By Year
BA, LMT

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