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Northrop Grumman Corp
NYSE:NOC

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Northrop Grumman Corp Logo
Northrop Grumman Corp
NYSE:NOC
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Price: 436.94 USD 1.14%
Updated: Jul 12, 2024
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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 466.33 USD. Compared to the current market price of 436.94 USD, Northrop Grumman Corp is Undervalued by 6%.

Key Points:
NOC Intrinsic Value
Base Case
466.33 USD
Undervaluation 6%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Northrop Grumman Corp

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Fundamental Analysis

Strong Q1 results and reaffirmed 2024 guidance
Earnings Call Summary

Strong Q1 results and reaffirmed 2024 guidance

Northrop Grumman reported a strong start to 2024 with Q1 sales increasing 9% to $10.1 billion and operating income up 10%. Earnings per share rose 15%, driven by broad-based growth across segments, particularly in aeronautics, defense systems, mission systems, and space. Despite an initial free cash outflow of $1 billion, the company expects robust cash generation in Q2. Full-year guidance for 2024 remains reaffirmed, with anticipated year-end revenue growth and margin improvements across most sectors. The robust global demand, backed by rising defense budgets, continues to fuel the company's optimistic outlook.

Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Northrop Grumman Corp

Current Assets 14.8B
Cash & Short-Term Investments 3.1B
Receivables 8.3B
Other Current Assets 3.5B
Non-Current Assets 33B
Long-Term Investments 343m
PP&E 11.5B
Intangibles 17.8B
Other Non-Current Assets 3.4B
Current Liabilities 13.1B
Accounts Payable 2.6B
Accrued Liabilities 1.9B
Other Current Liabilities 8.6B
Non-Current Liabilities 20.5B
Long-Term Debt 14.7B
Other Non-Current Liabilities 5.7B
Efficiency

Earnings Waterfall
Northrop Grumman Corp

Revenue
40.1B USD
Cost of Revenue
-33.4B USD
Gross Profit
6.7B USD
Operating Expenses
-4B USD
Operating Income
2.7B USD
Other Expenses
-503m USD
Net Income
2.2B USD

Free Cash Flow Analysis
Northrop Grumman Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
Fundamental Scores

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.

Exceptional 3-Year Average ROE
Positive Free Cash Flow
Positive Gross Profit
Positive ROE
54/100
Profitability
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 48/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Average Altman Z-Score
Short-Term Solvency
Average D/E
48/100
Solvency
Score

Northrop Grumman Corp's solvency score is 48/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

NOC Price Targets Summary
Northrop Grumman Corp

Wall Street analysts forecast NOC stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for NOC is 514.02 USD with a low forecast of 399.96 USD and a high forecast of 622.65 USD.

Lowest
Price Target
399.96 USD
8% Downside
Average
Price Target
514.02 USD
18% Upside
Highest
Price Target
622.65 USD
43% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

NOC Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
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Shareholder Return

NOC Price
Northrop Grumman Corp

1M 1M
+2%
6M 6M
-9%
1Y 1Y
-4%
3Y 3Y
+22%
5Y 5Y
+41%
10Y 10Y
+314%
Annual Price Range
436.94
52w Low
420.07
52w High
490.76
Price Metrics
Average Annual Return 17.08%
Standard Deviation of Annual Returns 26.05%
Max Drawdown -30%
Shares Statistics
Market Capitalization 64.7B USD
Shares Outstanding 147 990 000
Percentage of Shares Shorted 1.55%

NOC Return Decomposition
Main factors of price return

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NOC News

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Last Important Events
Northrop Grumman Corp

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Sentiment Analysis
Northrop Grumman Corp

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Last 90 Days 90D

Company Profile

Northrop Grumman Corp Logo
Northrop Grumman Corp

Country

United States of America

Industry

Aerospace & Defense

Market Cap

64.7B USD

Dividend Yield

1.89%

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

VIRGINIA
Falls Church
2980 Fairview Park Dr
+17032802900.0
http://www.northropgrumman.com/

IPO

1951-12-10

Employees

88 000

Officers

Chair, CEO & President
Ms. Kathy J. Warden
Corporate VP & CFO
Mr. David F. Keffer
Corporate VP & President of Aeronautics Systems Sector
Mr. Timothy H. Jones
Corporate VP & President of Mission Systems Sector
Mr. Mark A. Caylor
Corporate VP & President of Defense Systems Sector
Ms. Roshan Roeder
Corporate Vice President of Global Operations
Mr. Matthew F. Bromberg
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Vice President of Trust Administration and Investments
Mr. Rajender K. Chandhok
Chief Technology Officer
Brig.Gen. Richard Stapp
VP & Chief Information Officer
Mr. John Russell
Vice President, Investor Relations
Mr. Todd B. Ernst
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See Also

Discover More
What is the Intrinsic Value of one NOC stock?

The intrinsic value of one NOC stock under the Base Case scenario is 466.33 USD.

Is NOC stock undervalued or overvalued?

Compared to the current market price of 436.94 USD, Northrop Grumman Corp is Undervalued by 6%.