` Comparison: HO, LMT - Alpha Spread

HO
vs
LMT

Over the past 12 months, HO has significantly outperformed LMT, delivering a return of +68% compared to the LMT's 7% drop.

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HO
LMT
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Valuation Comparison

HO Intrinsic Value
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LMT Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Thales SA
PAR:HO
232.9 EUR
Lockheed Martin Corp
NYSE:LMT
466.89 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
HO, 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
Thales SA
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
HO, LMT

Free Cash Flow
www.alphaspread.com
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Thales SA
PAR:HO
Lockheed Martin Corp
NYSE:LMT
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What is Free Cash Flow?

Gross Margin

HO
26.1%
LMT
8.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Thales SA
Lockheed Martin Corp

Operating Margin

HO
9.2%
LMT
8.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Thales SA
Lockheed Martin Corp

Net Margin

HO
5%
LMT
5.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Thales SA
Lockheed Martin Corp

FCF Margin

HO
11.2%
LMT
6.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Thales SA
Lockheed Martin Corp

ROE

HO
14.8%
LMT
68%
LTM 3Y Avg 5Y Avg 10Y Avg
Thales SA
Lockheed Martin Corp

ROA

HO
2.8%
LMT
7.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Thales SA
Lockheed Martin Corp

ROIC

HO
5.5%
LMT
10.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Thales SA
Lockheed Martin Corp

ROCE

HO
14.1%
LMT
16.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Thales SA
Lockheed Martin Corp

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
HO, LMT

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Performance Gap
HO, LMT

Performance Gap Between HO and LMT
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Performance By Year
HO, LMT

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