Northrop Grumman Corp
NYSE:NOC
Intrinsic Value
Northrop Grumman Corp. engages in the provision of advanced aircraft systems. [ Read More ]
The intrinsic value of one NOC stock under the Base Case scenario is 464.65 USD. Compared to the current market price of 462.39 USD, Northrop Grumman Corp is Fairly Valued.
Valuation Backtest
Northrop Grumman Corp
Run backtest to discover the historical profit from buying and selling NOC stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Strong Performance and Growth Outlook
2023-Q4 Earnings Call
In 2023, the company saw its revenue grow over 7%, exceeding the original guidance by more than $1 billion and achieving a record backlog of $84 billion. They invested $2.9 billion in R&D and CapEx, up by 7.5%, and returned $2.6 billion to shareholders, a 125% return of free cash flow. The firm remains focused on its core business strategy, prioritizing technology differentiation and customer value. Despite a charge on the B-21 program, they expect continued organic sales growth of 4-5% and a similar margin growth in 2024. For the coming years, the company forecasts a robust free cash flow growth, and the 2024 EPS guidance range is set at $24.45 to $24.85, indicating a 6% growth rate, with a 2026 free cash flow outlook of $3.3 billion at the midpoint.
Balance Sheet Decomposition
Northrop Grumman Corp
Current Assets | 13.7B |
Cash & Short-Term Investments | 3.1B |
Receivables | 7.1B |
Other Current Assets | 3.5B |
Non-Current Assets | 32.8B |
Long-Term Investments | 339m |
PP&E | 11.5B |
Intangibles | 17.8B |
Other Non-Current Assets | 3.2B |
Current Liabilities | 11.9B |
Accounts Payable | 2.1B |
Accrued Liabilities | 2.5B |
Other Current Liabilities | 7.4B |
Non-Current Liabilities | 19.8B |
Long-Term Debt | 13.8B |
Other Non-Current Liabilities | 6B |
Earnings Waterfall
Northrop Grumman Corp
Revenue
|
39.3B
USD
|
Cost of Revenue
|
-32.7B
USD
|
Gross Profit
|
6.6B
USD
|
Operating Expenses
|
-4B
USD
|
Operating Income
|
2.5B
USD
|
Other Expenses
|
-481m
USD
|
Net Income
|
2.1B
USD
|
Free Cash Flow Analysis
Northrop Grumman Corp
What is Free Cash Flow?
NOC Profitability Score
Profitability Due Diligence
Northrop Grumman Corp's profitability score is 54/100. The higher the profitability score, the more profitable the company is.
Score
Northrop Grumman Corp's profitability score is 54/100. The higher the profitability score, the more profitable the company is.
NOC Solvency Score
Solvency Due Diligence
Northrop Grumman Corp's solvency score is 50/100. The higher the solvency score, the more solvent the company is.
Score
Northrop Grumman Corp's solvency score is 50/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
NOC Price Targets Summary
Northrop Grumman Corp
According to Wall Street analysts, the average 1-year price target for NOC is 499.33 USD with a low forecast of 388.85 USD and a high forecast of 645.75 USD.
Ownership
NOC Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
NOC Price
Northrop Grumman Corp
Average Annual Return | 23.09% |
Standard Deviation of Annual Returns | 26.25% |
Max Drawdown | -23% |
Market Capitalization | 69.4B USD |
Shares Outstanding | 150 036 000 |
Percentage of Shares Shorted | 1.38% |
NOC News
Last Important Events
Northrop Grumman Corp
Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.
Sentiment Analysis
Northrop Grumman Corp
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Northrop Grumman Corp. engages in the provision of advanced aircraft systems. The company is headquartered in Falls Church, Virginia and currently employs 88,000 full-time employees. The firm operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems and Space Systems. Its Aeronautics Systems segment is engaged in the design, development, production, integration and production of autonomous and manned aircraft systems used for battle management, strike and intelligence, surveillance and reconnaissance (ISR). Its Defense Systems segment is engaged in designing, development, production, integration, sustainment and modernization of weapon and mission systems for military and civilian agency customers. Its Mission Systems segment is engaged in providing airborne multifunction sensors; maritime/land systems and sensors; navigation, targeting and survivability, and networked information solutions. Its Space Systems segment is engaged in the design, development, integration, production and operation of space, missile defense, launch and strategic missile systems.
Contact
IPO
Employees
Officers
The intrinsic value of one NOC stock under the Base Case scenario is 464.65 USD.
Compared to the current market price of 462.39 USD, Northrop Grumman Corp is Fairly Valued.