Lockheed Martin Corp
NYSE:LMT
Intrinsic Value
Lockheed Martin Corp. is a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and ser... [ Read More ]
The intrinsic value of one LMT stock under the Base Case scenario is 455.13 USD. Compared to the current market price of 433.2 USD, Lockheed Martin Corp is Undervalued by 5%.
Valuation Backtest
Lockheed Martin Corp
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Fundamental Analysis
Solid Sales Growth Despite Profit Pressure
2023-Q4 Earnings Call
In an optimistic light, the company anticipates consistent growth, projecting sales of $68.5 billion to $70 billion for the upcoming year, marking roughly 2.5% growth. MFC is set to lead with 7% growth thanks to a strong munitions backlog. However, headwinds include reduced segment profit, with anticipated losses from classified programs impacting margins by 50 basis points, bringing segment operating profit expectations to $7.175 billion-$7.375 billion. Expectations for 2024 reflect a decreased EPS range of $25.65 to $26.35 due to factors such as a $400 million falloff in net FAS/CAS pension adjustment, and anticipated lower FAS pension income. Free cash flow forecasts range between $6 billion and $6.3 billion. The company closed 2023 on a high, achieving a record backlog promising sustained growth, and remains committed to strategic investments and rewarding shareholders.
Balance Sheet Decomposition
Lockheed Martin Corp
Current Assets | 20.5B |
Cash & Short-Term Investments | 1.4B |
Receivables | 15.3B |
Other Current Assets | 3.8B |
Non-Current Assets | 31.9B |
PP&E | 8.4B |
Intangibles | 13B |
Other Non-Current Assets | 10.6B |
Current Liabilities | 16.9B |
Accounts Payable | 2.3B |
Accrued Liabilities | 3.1B |
Other Current Liabilities | 11.5B |
Non-Current Liabilities | 28.7B |
Long-Term Debt | 17.3B |
Other Non-Current Liabilities | 11.4B |
Earnings Waterfall
Lockheed Martin Corp
Revenue
|
67.6B
USD
|
Cost of Revenue
|
-59B
USD
|
Gross Profit
|
8.6B
USD
|
Operating Expenses
|
-12m
USD
|
Operating Income
|
8.6B
USD
|
Other Expenses
|
-1.6B
USD
|
Net Income
|
6.9B
USD
|
Free Cash Flow Analysis
Lockheed Martin Corp
What is Free Cash Flow?
LMT Profitability Score
Profitability Due Diligence
Lockheed Martin Corp's profitability score is 61/100. The higher the profitability score, the more profitable the company is.
Score
Lockheed Martin Corp's profitability score is 61/100. The higher the profitability score, the more profitable the company is.
LMT Solvency Score
Solvency Due Diligence
Lockheed Martin Corp's solvency score is 46/100. The higher the solvency score, the more solvent the company is.
Score
Lockheed Martin Corp's solvency score is 46/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
LMT Price Targets Summary
Lockheed Martin Corp
According to Wall Street analysts, the average 1-year price target for LMT is 492.86 USD with a low forecast of 383.8 USD and a high forecast of 573.3 USD.
Ownership
LMT Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
LMT Price
Lockheed Martin Corp
Average Annual Return | 17.47% |
Standard Deviation of Annual Returns | 24.45% |
Max Drawdown | -37% |
Market Capitalization | 104B USD |
Shares Outstanding | 241 643 008 |
Percentage of Shares Shorted | 0.86% |
LMT News
Last Important Events
Lockheed Martin Corp
Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.
Sentiment Analysis
Lockheed Martin Corp
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Lockheed Martin Corp. is a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. The company is headquartered in Bethesda, Maryland and currently employs 114,000 full-time employees. The company operates through four segments. Aeronautics segment is engaged in the research, design, development, manufacture, support and upgrade of military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies. Missiles and Fire Control segment provides air and missile defense systems; fire control systems; manned and unmanned ground vehicles, and energy management solutions. Rotary and Mission Systems segment provides design, manufacture, service and support for various military and commercial helicopters, surface ships, sea and land-based missile defense systems, radar systems, sea and air-based mission and combat systems, command and control mission solutions, cyber solutions, and simulation and training solutions. Space segment is engaged in the research and development, design, engineering and production of satellites, space transportation systems, strike and defensive systems.
Contact
IPO
Employees
Officers
The intrinsic value of one LMT stock under the Base Case scenario is 455.13 USD.
Compared to the current market price of 433.2 USD, Lockheed Martin Corp is Undervalued by 5%.