Lockheed Martin
Market Cap
US$108.8b
Last Updated
2021/04/16 22:16 UTC
Data Sources
Company Financials +
Executive Summary
Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer and good value.
Similar Companies
Share Price & News
How has Lockheed Martin's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LMT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: LMT's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
1.4%
LMT
0.7%
US Aerospace & Defense
1.3%
US Market
1 Year Return
-2.4%
LMT
18.3%
US Aerospace & Defense
53.9%
US Market
Return vs Industry: LMT underperformed the US Aerospace & Defense industry which returned 23.9% over the past year.
Return vs Market: LMT underperformed the US Market which returned 57.5% over the past year.
Shareholder returns
| LMT | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.4% | 0.7% | 1.3% |
| 30 Day | 11.6% | 4.3% | 3.3% |
| 90 Day | 12.8% | 12.2% | 8.9% |
| 1 Year | 0.2%-2.4% | 20.9%18.3% | 56.6%53.9% |
| 3 Year | 20.4%11.3% | 16.4%-6.3% | 64.4%53.6% |
| 5 Year | 96.7%72.7% | 83.7%35.9% | 120.4%95.7% |
Long-Term Price Volatility Vs. Market
How volatile is Lockheed Martin's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
Did You Participate In Any Of Lockheed Martin's (NYSE:LMT) Respectable 94% Return?2 weeks ago | Simply Wall St
You Have To Love Lockheed Martin Corporation's (NYSE:LMT) Dividend3 weeks ago | Simply Wall St
We Like Lockheed Martin's (NYSE:LMT) Returns And Here's How They're TrendingValuation
Is Lockheed Martin undervalued compared to its fair value and its price relative to the market?
21.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LMT ($390.63) is trading below our estimate of fair value ($502.64)
Significantly Below Fair Value: LMT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: LMT is good value based on its PE Ratio (15.9x) compared to the US Aerospace & Defense industry average (33.4x).
PE vs Market: LMT is good value based on its PE Ratio (15.9x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: LMT is poor value based on its PEG Ratio (4x)
Price to Book Ratio
PB vs Industry: LMT is overvalued based on its PB Ratio (18.1x) compared to the US Aerospace & Defense industry average (2.9x).
Future Growth
How is Lockheed Martin forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
4.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LMT's forecast earnings growth (4% per year) is above the savings rate (2%).
Earnings vs Market: LMT's earnings (4% per year) are forecast to grow slower than the US market (18.4% per year).
High Growth Earnings: LMT's earnings are forecast to grow, but not significantly.
Revenue vs Market: LMT's revenue (3.8% per year) is forecast to grow slower than the US market (9.4% per year).
High Growth Revenue: LMT's revenue (3.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LMT's Return on Equity is forecast to be very high in 3 years time (58.8%).
Past Performance
How has Lockheed Martin performed over the past 5 years?
19.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LMT has high quality earnings.
Growing Profit Margin: LMT's current net profit margins (10.5%) are higher than last year (10.4%).
Past Earnings Growth Analysis
Earnings Trend: LMT's earnings have grown by 19% per year over the past 5 years.
Accelerating Growth: LMT's earnings growth over the past year (10.6%) is below its 5-year average (19% per year).
Earnings vs Industry: LMT earnings growth over the past year (10.6%) exceeded the Aerospace & Defense industry -1.3%.
Return on Equity
High ROE: Whilst LMT's Return on Equity (114.08%) is outstanding, this metric is skewed due to their high level of debt.
Financial Health
How is Lockheed Martin's financial position?
Financial Position Analysis
Short Term Liabilities: LMT's short term assets ($19.4B) exceed its short term liabilities ($13.9B).
Long Term Liabilities: LMT's short term assets ($19.4B) do not cover its long term liabilities ($30.7B).
Debt to Equity History and Analysis
Debt Level: LMT's debt to equity ratio (201.5%) is considered high.
Reducing Debt: LMT's debt to equity ratio has reduced from 492.5% to 201.5% over the past 5 years.
Debt Coverage: LMT's debt is well covered by operating cash flow (67.2%).
Interest Coverage: LMT's interest payments on its debt are well covered by EBIT (15x coverage).
Balance Sheet
Dividend
What is Lockheed Martin current dividend yield, its reliability and sustainability?
2.65%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LMT's dividend (2.66%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: LMT's dividend (2.66%) is low compared to the top 25% of dividend payers in the US market (3.48%).
Stability and Growth of Payments
Stable Dividend: LMT's dividends per share have been stable in the past 10 years.
Growing Dividend: LMT's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (39.8%), LMT's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LMT's dividends in 3 years are forecast to be well covered by earnings (42.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.3yrs
Average management tenure
CEO
Jim Taiclet (59 yo)
0.83
Tenure
US$24,134,785
Compensation
Mr. James D. Taiclet, Jr., also known as Jim, serves as President & Chief Executive Officer at Lockheed Martin Corporation since June 15, 2020 and also serves as its Chairman since March 01, 2021. He had b...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD24.13M) is above average for companies of similar size in the US market ($USD11.02M).
Compensation vs Earnings: Jim's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: LMT's management team is considered experienced (3.3 years average tenure).
Board Members
Experienced Board: LMT's board of directors are considered experienced (3.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Lockheed Martin Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Lockheed Martin Corporation
- Ticker: LMT
- Exchange: NYSE
- Founded: 1912
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Market Cap: US$108.831b
- Shares outstanding: 278.71m
- Website: https://www.lockheedmartin.com
Number of Employees
Location
- Lockheed Martin Corporation
- 6801 Rockledge Drive
- Bethesda
- Maryland
- 20817
- United States
Listings
Biography
Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwid...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/16 22:16 |
| End of Day Share Price | 2021/04/16 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.