NYSE:LMT

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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


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.3%

LMT

0.1%

US Aerospace & Defense

-1.2%

US Market


1 Year Return

2.7%

LMT

-26.6%

US Aerospace & Defense

19.5%

US Market

Return vs Industry: LMT exceeded the US Aerospace & Defense industry which returned -26.6% over the past year.

Return vs Market: LMT underperformed the US Market which returned 19.5% over the past year.


Shareholder returns

LMTIndustryMarket
7 Day-1.3%0.1%-1.2%
30 Day-2.9%-1.9%5.8%
90 Day-2.6%1.4%8.1%
1 Year5.2%2.7%-11.6%-26.6%22.3%19.5%
3 Year32.1%22.5%3.5%-17.2%43.6%34.0%
5 Year95.9%72.0%56.4%16.5%87.3%66.1%

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

Valuation

Is Lockheed Martin undervalued compared to its fair value and its price relative to the market?

25.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LMT ($383.71) is trading below our estimate of fair value ($517.79)

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 (16.7x) compared to the US Aerospace & Defense industry average (22x).

PE vs Market: LMT is good value based on its PE Ratio (16.7x) compared to the US market (19x).


Price to Earnings Growth Ratio

PEG Ratio: LMT is poor value based on its PEG Ratio (3x)


Price to Book Ratio

PB vs Industry: LMT is overvalued based on its PB Ratio (28.4x) compared to the US Aerospace & Defense industry average (2.4x).


Next Steps

Future Growth

How is Lockheed Martin forecast to perform in the next 1 to 3 years based on estimates from 19 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 (2.2%).

Earnings vs Market: LMT's earnings (5.5% per year) are forecast to grow slower than the US market (22.1% per year).

High Growth Earnings: LMT's earnings are forecast to grow, but not significantly.

Revenue vs Market: LMT's revenue (4.6% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: LMT's revenue (4.6% 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 (88%).


Next Steps

Past Performance

How has Lockheed Martin performed over the past 5 years?

16.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LMT has high quality earnings.

Growing Profit Margin: LMT's current net profit margins (10.2%) are higher than last year (10.2%).


Past Earnings Growth Analysis

Earnings Trend: LMT's earnings have grown by 16.4% per year over the past 5 years.

Accelerating Growth: LMT's earnings growth over the past year (10.3%) is below its 5-year average (16.4% per year).

Earnings vs Industry: LMT earnings growth over the past year (10.3%) exceeded the Aerospace & Defense industry 1.6%.


Return on Equity

High ROE: Whilst LMT's Return on Equity (170.34%) is outstanding, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Lockheed Martin's financial position?


Financial Position Analysis

Short Term Liabilities: LMT's short term assets ($19.6B) exceed its short term liabilities ($14.9B).

Long Term Liabilities: LMT's short term assets ($19.6B) do not cover its long term liabilities ($30.9B).


Debt to Equity History and Analysis

Debt Level: LMT's debt to equity ratio (305.6%) is considered high.

Reducing Debt: LMT's debt to equity ratio has increased from 282.1% to 305.6% over the past 5 years.

Debt Coverage: LMT's debt is well covered by operating cash flow (73.3%).

Interest Coverage: LMT's interest payments on its debt are well covered by EBIT (13.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Lockheed Martin current dividend yield, its reliability and sustainability?

2.71%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: LMT's dividend (2.71%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: LMT's dividend (2.71%) is low compared to the top 25% of dividend payers in the US market (4.66%).


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 (41%), 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 (41.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average management tenure


CEO

Jim Taiclet (59 yo)

0.33

Tenure

US$310,000

Compensation

Mr. James D. Taiclet, Jr., also known as Jim, serves as President & Chief Executive Officer at Lockheed Martin Corporation since June 15, 2020. He had been Executive Chairman of the Board at American Tower ...


Leadership Team

NamePositionTenureCompensationOwnership
Marillyn Hewson
Executive Chairman of the Board6.75yrsUS$30.91m0.014%
$ 15.1m
James Taiclet
President0.33yrUS$310.00k0.00048%
$ 514.9k
Kenneth Possenriede
Chief Financial Officer1.67yrsUS$9.26m0.00099%
$ 1.1m
Frank St. John
Chief Operating Officer0.33yrUS$8.52m0%
$ 0
Richard Ambrose
Executive Vice President of Space7.5yrsUS$8.58m0.00012%
$ 128.7k
Michele Evans
Executive Vice President of Aeronautics2.33yrsUS$7.89m0.00015%
$ 160.9k
Brian Colan
VP, Controller & Chief Accounting Officer6.17yrsno data0.00017%
$ 182.3k
Dana Jackson
Chief Technology Officer5.67yrsno datano data
Greg Gardner
Vice President of Investor Relations3.83yrsno datano data
Maryanne Lavan
Senior VP10.33yrsUS$6.65m0.00028%
$ 300.3k
Dean Acosta
Senior Vice President of Communications1.42yrsno datano data
Greg Psihas
VP & Head of Corporate Development6yrsno datano data

3.1yrs

Average Tenure

59yo

Average Age

Experienced Management: LMT's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Marillyn Hewson
Executive Chairman of the Board6.75yrsUS$30.91m0.014%
$ 15.1m
James Taiclet
President0.33yrUS$310.00k0.00048%
$ 514.9k
Daniel Akerson
Independent Lead Director1.5yrsUS$356.89k0.0027%
$ 2.9m
Thomas Falk
Independent Director10.33yrsUS$350.17k0.0019%
$ 2.0m
Ilene Gordon
Independent Director4.33yrsUS$342.39k0.00027%
$ 289.6k
Debra Reed-Klages
Independent Director0.92yrUS$49.68k0.000060%
$ 64.4k
David Burritt
Independent Director12.5yrsUS$310.08k0.0022%
$ 2.3m
James Ellis
Independent Director15.92yrsUS$330.44k0.000070%
$ 75.1k
Bruce Carlson
Independent Director5.25yrsUS$312.51k0%
$ 0
Vicki Hollub
Independent Director2.25yrsUS$312.42k0%
$ 0
Jeh Johnson
Independent Director2.75yrsUS$310.33k0%
$ 0
Joseph Dunford
Independent Director0.67yrno datano data

3.5yrs

Average Tenure

64.5yo

Average Age

Experienced Board: LMT's board of directors are considered experienced (3.5 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.


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: 1912
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: US$107.263b
  • Shares outstanding: 279.54m
  • Website: https://www.lockheedmartin.com

Number of Employees


Location

  • Lockheed Martin Corporation
  • 6801 Rockledge Drive
  • Bethesda
  • Maryland
  • 20817
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LMTNYSE (New York Stock Exchange)YesCommon StockUSUSDMar 1995
LOMDB (Deutsche Boerse AG)YesCommon StockDEEURMar 1995
LOMXTRA (XETRA Trading Platform)YesCommon StockDEEURMar 1995
LMT *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNMar 1995
LMTSWX (SIX Swiss Exchange)YesCommon StockCHCHFMar 1995
0R3ELSE (London Stock Exchange)YesCommon StockGBUSDMar 1995
LMTWBAG (Wiener Boerse AG)YesCommon StockATEURMar 1995
LOMETLX (Eurotlx)YesCommon StockITEURMar 1995
LMTBASE (Buenos Aires Stock Exchange)CEDEAR EACH 1 REPR 1 ORD USD1ARARSNov 2002
LMTB34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REPR 1 COM USD1BRBRLAug 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 worldwid ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 00:00
End of Day Share Price2020/10/19 00:00
Earnings2020/06/28
Annual Earnings2019/12/31


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.