Lockheed Martin Corporation

LSE:0R3E Stock Report

Market Cap: US$115.9b

Lockheed Martin Valuation

Is 0R3E undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0R3E when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0R3E ($486.66) is trading below our estimate of fair value ($748.91)

Significantly Below Fair Value: 0R3E is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0R3E?

Key metric: As 0R3E is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0R3E. This is calculated by dividing 0R3E's market cap by their current earnings.
What is 0R3E's PE Ratio?
PE Ratio17.4x
EarningsUS$6.68b
Market CapUS$115.91b

Price to Earnings Ratio vs Peers

How does 0R3E's PE Ratio compare to its peers?

The above table shows the PE ratio for 0R3E vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.2x
RR. Rolls-Royce Holdings
20.9x-0.9%UK£48.6b
BA. BAE Systems
18.8x8.0%UK£34.6b
BAB Babcock International Group
13x14.2%UK£2.5b
QQ. QinetiQ Group
16.4x15.1%UK£2.3b
0R3E Lockheed Martin
17.4x2.0%US$115.9b

Price-To-Earnings vs Peers: 0R3E is expensive based on its Price-To-Earnings Ratio (17.4x) compared to the peer average (17.2x).

Price to Earnings Ratio vs Industry

How does 0R3E's PE Ratio compare vs other companies in the European Aerospace & Defense Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0R3E 17.4xIndustry Avg. 24.7xNo. of Companies8PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0R3E is good value based on its Price-To-Earnings Ratio (17.4x) compared to the European Aerospace & Defense industry average (24.7x).

Price to Earnings Ratio vs Fair Ratio

What is 0R3E's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0R3E PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.4x
Fair PE Ratio24.3x

Price-To-Earnings vs Fair Ratio: 0R3E is good value based on its Price-To-Earnings Ratio (17.4x) compared to the estimated Fair Price-To-Earnings Ratio (24.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0R3E forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$486.66
US$595.55
+22.4%
11.9%US$704.00US$434.00n/a21
Dec ’25US$529.41
US$604.45
+14.2%
11.3%US$704.00US$434.00n/a21
Nov ’25US$546.70
US$603.69
+10.4%
11.4%US$704.00US$434.00n/a21
Oct ’25US$598.80
US$557.86
-6.8%
10.7%US$704.00US$405.00n/a20
Sep ’25US$564.83
US$546.66
-3.2%
9.0%US$635.00US$405.00n/a20
Aug ’25US$546.57
US$536.86
-1.8%
8.8%US$635.00US$405.00n/a20
Jul ’25US$465.84
US$490.37
+5.3%
7.2%US$546.00US$378.00n/a19
Jun ’25US$465.29
US$488.84
+5.1%
7.1%US$546.00US$378.00n/a19
May ’25US$463.44
US$487.86
+5.3%
6.8%US$546.00US$378.00n/a21
Apr ’25US$455.50
US$482.87
+6.0%
6.8%US$546.00US$380.00n/a22
Mar ’25US$425.72
US$482.96
+13.4%
6.9%US$550.00US$380.00n/a22
Feb ’25US$429.18
US$483.88
+12.7%
6.9%US$550.00US$380.00n/a22
Jan ’25US$452.38
US$482.36
+6.6%
8.2%US$550.00US$364.00n/a21
Dec ’24US$449.73
US$480.64
+6.9%
8.3%US$550.00US$364.00US$529.4121
Nov ’24US$452.39
US$480.64
+6.2%
8.3%US$550.00US$364.00US$546.7021
Oct ’24US$408.08
US$496.19
+21.6%
8.4%US$555.00US$374.00US$598.8021
Sep ’24US$449.24
US$499.25
+11.1%
8.1%US$555.00US$374.00US$564.8320
Aug ’24US$451.36
US$500.05
+10.8%
8.1%US$555.00US$374.00US$546.5720
Jul ’24US$460.51
US$503.00
+9.2%
9.3%US$579.00US$371.00US$465.8420
Jun ’24US$447.80
US$503.00
+12.3%
9.3%US$579.00US$371.00US$465.2920
May ’24US$464.58
US$518.85
+11.7%
14.8%US$780.00US$371.00US$463.4420
Apr ’24US$472.57
US$502.30
+6.3%
15.6%US$774.00US$334.00US$455.5020
Mar ’24US$471.93
US$502.30
+6.4%
15.6%US$774.00US$334.00US$425.7220
Feb ’24US$460.68
US$497.20
+7.9%
16.3%US$774.00US$334.00US$429.1820
Jan ’24US$483.59
US$497.90
+3.0%
15.6%US$759.00US$384.00US$452.3820
Dec ’23US$483.15
US$465.50
-3.7%
10.4%US$550.00US$361.00US$449.7318

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 18:48
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/29
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Lockheed Martin Corporation is covered by 54 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John EadeArgus Research Company
Peter ArmentBaird
Ishan MajumdarBaptista Research