Lockheed Martin
Market Cap
US$123.4b
Last Updated
2020/02/17 23:44 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.
Rewards
Risk Analysis
Snowflake Analysis
Solid track record established dividend payer.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.4%
LMT
-0.2%
US Aerospace & Defense
0.9%
US Market
1 Year Return
42.5%
LMT
25.7%
US Aerospace & Defense
20.0%
US Market
Return vs Industry: LMT exceeded the US Aerospace & Defense industry which returned 25.8% over the past year.
Return vs Market: LMT exceeded the US Market which returned 20.1% over the past year.
Shareholder returns
| LMT | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | -0.2% | 0.9% |
| 30 Day | 2.9% | 1.6% | 1.4% |
| 90 Day | 12.0% | 6.5% | 8.8% |
| 1 Year | 46.2%42.5% | 28.0%25.7% | 22.5%20.0% |
| 3 Year | 78.1%65.0% | 54.6%46.4% | 49.9%40.3% |
| 5 Year | 143.6%113.0% | 92.1%73.8% | 73.2%54.1% |
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
6 days ago | Simply Wall St
Should You Investigate Lockheed Martin Corporation (NYSE:LMT) At US$440?2 weeks ago | Simply Wall St
VP, Controller & Chief Accounting Officer Brian Colan Just Sold A Bunch Of Shares In Lockheed Martin Corporation (NYSE:LMT)2 weeks ago | Simply Wall St
Lockheed Martin Corporation Just Reported And Analysts Have Been Lifting Their Price TargetsValuation
Is Lockheed Martin undervalued compared to its fair value and its price relative to the market?
0.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LMT ($437.85) is trading below our estimate of fair value ($441.91)
Significantly Below Fair Value: LMT is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: LMT is good value based on its PE Ratio (19.8x) compared to the Aerospace & Defense industry average (20.7x).
PE vs Market: LMT is poor value based on its PE Ratio (19.8x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: LMT is poor value based on its PEG Ratio (3.6x)
Price to Book Ratio
PB vs Industry: LMT is overvalued based on its PB Ratio (39.2x) compared to the US Aerospace & Defense industry average (2.8x).
Next Steps
Future Growth
How is Lockheed Martin forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
5.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LMT's forecast earnings growth (5.5% per year) is above the savings rate (1.7%).
Earnings vs Market: LMT's earnings (5.5% per year) are forecast to grow slower than the US market (14.6% per year).
High Growth Earnings: LMT's earnings are forecast to grow, but not significantly.
Revenue vs Market: LMT's revenue (4.8% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: LMT's revenue (4.8% 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 (76.4%).
Next Steps
Past Performance
How has Lockheed Martin performed over the past 5 years?
12.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LMT has high quality earnings.
Growing Profit Margin: LMT's current net profit margins (10.4%) are higher than last year (9.4%).
Past Earnings Growth Analysis
Earnings Trend: LMT's earnings have grown by 12.1% per year over the past 5 years.
Accelerating Growth: LMT's earnings growth over the past year (23.5%) exceeds its 5-year average (12.1% per year).
Earnings vs Industry: LMT earnings growth over the past year (23.5%) exceeded the Aerospace & Defense industry 10.8%.
Return on Equity
High ROE: Whilst LMT's Return on Equity (196.47%) is outstanding, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Lockheed Martin's financial position?
Financial Position Analysis
Short Term Liabilities: LMT's short term assets ($17.1B) exceed its short term liabilities ($14.0B).
Long Term Liabilities: LMT's short term assets ($17.1B) do not cover its long term liabilities ($30.4B).
Debt to Equity History and Analysis
Debt Level: LMT's debt to equity ratio (399.1%) is considered high.
Reducing Debt: LMT's debt to equity ratio has increased from 181.3% to 399.1% over the past 5 years.
Debt Coverage: LMT's debt is well covered by operating cash flow (57.8%).
Interest Coverage: LMT's interest payments on its debt are well covered by EBIT (11.8x coverage).
Balance Sheet
Inventory Level: LMT has a high level of physical assets or inventory.
Debt Coverage by Assets: LMT's debt is covered by short term assets (assets are 1.4x debt).
Next Steps
Dividend
What is Lockheed Martin's current dividend yield, its reliability and sustainability?
2.19%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Lockheed Martin before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: LMT's dividend (2.19%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: LMT's dividend (2.19%) is low compared to the top 25% of dividend payers in the US market (3.69%).
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 (40.7%), 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 (40.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.0yrs
Average management tenure
CEO
Marillyn Hewson (65yo)
7.1yrs
Tenure
US$21,516,613
Compensation
Ms. Marillyn A. Hewson has been the Chief Executive Officer and President of Lockheed Martin Corporation since January 1, 2013 and has been its Chairman since January 1, 2014. Ms. Hewson has been an Indepe ...
CEO Compensation Analysis
Compensation vs Market: Marillyn's total compensation ($USD21.52M) is above average for companies of similar size in the US market ($USD10.78M).
Compensation vs Earnings: Marillyn's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 7.1yrs | US$21.52m | 0.014% $17.2m | |
| Executive Vice President of Space | 6.8yrs | US$6.29m | 0.00012% $148.1k | |
| Executive Vice President of Rotary & Mission Systems | 2.1yrs | US$6.07m | no data | |
| Executive VP & CFO | 1yrs | no data | 0.00098% $1.2m | |
| Senior Vice President of Corporate Engineering | 5yrs | no data | no data | |
| VP, Controller & Chief Accounting Officer | 5.5yrs | no data | 0.00017% $209.9k | |
| Chief Technology Officer | 5yrs | no data | no data | |
| Vice President of Investor Relations | 3.2yrs | no data | no data | |
| Senior VP | 9.7yrs | US$6.65m | 0.00027% $333.3k | |
| Senior Vice President of Communications | 0.8yrs | no data | no data |
5.0yrs
Average Tenure
59yo
Average Age
Experienced Management: LMT's management team is seasoned and experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 7.1yrs | US$21.52m | 0.014% $17.2m | |
| Independent Lead Director | 0.8yrs | US$340.15k | 0.0027% $3.3m | |
| Independent Director | 2.1yrs | US$310.00k | 0.00048% $592.5k | |
| Independent Director | 9.7yrs | US$350.45k | 0.0019% $2.3m | |
| Independent Director | 3.7yrs | US$322.53k | 0.00027% $333.3k | |
| Independent Director | 11.8yrs | US$320.20k | 0.0021% $2.6m | |
| Independent Director | 15.3yrs | US$331.87k | 0.000070% $86.4k | |
| Independent Director | 4.6yrs | US$311.84k | no data | |
| Independent Director | 1.6yrs | US$155.00k | no data | |
| Independent Director | 2.1yrs | US$310.00k | no data |
4.1yrs
Average Tenure
64.5yo
Average Age
Experienced Board: LMT's board of directors are considered experienced (4.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: LMT insiders have only sold shares in the past 3 months.
Recent Insider Transactions
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: 1995
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Market Cap: US$123.446b
- Shares outstanding: 281.94m
- Website: https://www.lockheedmartin.com
Number of Employees
Location
- Lockheed Martin Corporation
- 6801 Rockledge Drive
- Bethesda
- Maryland
- 20817
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| LMT | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Mar 1995 |
| LOM | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Mar 1995 |
| LOM | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | Mar 1995 |
| LMT * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Mar 1995 |
| LMT | SWX (SIX Swiss Exchange) | Yes | Common Stock | CH | CHF | Mar 1995 |
| 0R3E | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Mar 1995 |
| LMT | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Mar 1995 |
| LOM | ETLX (Eurotlx) | Yes | Common Stock | IT | EUR | Mar 1995 |
| LMT | BASE (Buenos Aires Stock Exchange) | CEDEAR EACH 1 REPR 1 ORD USD1 | AR | ARS | Nov 2002 | |
| LMTB34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH REPR 1 COM USD1 | BR | BRL | Aug 2012 |
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 worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space Systems. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The Missiles and Fire Control segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support, and integration services; manned and unmanned ground vehicles; and energy management solutions. The Rotary and Mission Systems segment offers military and commercial helicopters; ship and submarine mission and combat systems; mission systems and sensors for rotary and fixed-wing aircraft; sea and land-based missile defense systems; radar systems; the Littoral combat ship; simulation and training services; and unmanned systems and technologies. It also supports government customers in cybersecurity; and delivers communications, and command and control capabilities through mission solutions for defense applications. The Space Systems segment offers satellites; space transportation systems; strategic, advanced strike, and defensive missile systems; and classified systems and services in support of national security systems. This segment also provides network-enabled situational awareness and integrates space and ground-based systems to help its customers gather, analyze, and securely distribute critical intelligence data. Lockheed Martin Corporation was founded in 1995 and is headquartered in Bethesda, Maryland.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/17 23:44 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.