company background image
LMT

Lockheed MartinNYSE:LMT Stock Report

Last Price

US$375.13

Market Cap

US$103.5b

7D

2.7%

1Y

10.4%

Updated

20 Jan, 2022

Data

Company Financials +
LMT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance2/6
Financial Health4/6
Dividends5/6

LMT Stock Overview

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.

Lockheed Martin Competitors

Raytheon Technologies

NYSE:RTX

US$132.5b

Boeing

NYSE:BA

US$125.9b

Northrop Grumman

NYSE:NOC

US$63.0b

L3Harris Technologies

NYSE:LHX

US$44.0b

Price History & Performance

Summary of all time highs, changes and price drops for Lockheed Martin
Historical stock prices
Current Share PriceUS$375.13
52 Week HighUS$396.99
52 Week LowUS$319.81
Beta0.93
1 Month Change10.08%
3 Month Change0.14%
1 Year Change10.44%
3 Year Change31.51%
5 Year Change47.13%
Change since IPO1,371.10%

Recent News & Updates

Jan 05

Lockheed Martin: It's A Good Time To Be A Shareholder

Lockheed Martin is going to return ~$9 billion to shareholders in 2022 through buybacks and dividends. Lockheed Martin is facing some supply chain issues that will put a drag on revenue in the short term. Lockheed Martin is focusing on free cash flow per share, which is extremely encouraging for shareholders. Lockheed Martin has increased the dividend for 20 straight years and counting.

Jan 02
At US$355, Is It Time To Put Lockheed Martin Corporation (NYSE:LMT) On Your Watch List?

At US$355, Is It Time To Put Lockheed Martin Corporation (NYSE:LMT) On Your Watch List?

Today we're going to take a look at the well-established Lockheed Martin Corporation ( NYSE:LMT ). The company's stock...

Dec 30

Lockheed Martin: The Best Defense Contractor To Own For Conservative Investors

Lockheed Martin has a wide moat as the government's largest defense contractor. Lockheed Martin offers an intriguing combination of a reasonable valuation, current yield, dividend growth, and a large buyback program. Shares are currently trading near fair value. Investors demanding a larger margin of safety should wait for a pullback into the $300-330 range.

Dec 07
Is There An Opportunity With Lockheed Martin Corporation's (NYSE:LMT) 31% Undervaluation?

Is There An Opportunity With Lockheed Martin Corporation's (NYSE:LMT) 31% Undervaluation?

How far off is Lockheed Martin Corporation ( NYSE:LMT ) from its intrinsic value? Using the most recent financial data...

Dec 05

Why I Put 8% Of My Money In Lockheed Martin

Lockheed Martin has an 8.2% weighting in my portfolio as I consider it to be an excellent dividend growth stock. The company has a high yield, an attractive valuation, and plenty of free cash flow to hike dividends. Current headwinds are supply chain issues, which offer us the opportunity to buy.

Shareholder Returns

LMTUS Aerospace & DefenseUS Market
7D2.7%-1.2%-4.0%
1Y10.4%14.3%6.6%

Return vs Industry: LMT underperformed the US Aerospace & Defense industry which returned 14% over the past year.

Return vs Market: LMT exceeded the US Market which returned 7.7% over the past year.

Price Volatility

Is LMT's price volatile compared to industry and market?
LMT volatility
LMT Average Weekly Movement4.0%
Aerospace & Defense Industry Average Movement6.4%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: LMT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: LMT's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1912114,000Jim Taiclethttps://www.lockheedmartin.com

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. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies.

Lockheed Martin Fundamentals Summary

How do Lockheed Martin's earnings and revenue compare to its market cap?
LMT fundamental statistics
Market CapUS$103.46b
Earnings (TTM)US$6.06b
Revenue (TTM)US$66.35b

17.1x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LMT income statement (TTM)
RevenueUS$66.35b
Cost of RevenueUS$57.43b
Gross ProfitUS$8.92b
ExpensesUS$2.86b
EarningsUS$6.06b

Last Reported Earnings

Sep 26, 2021

Next Earnings Date

Jan 25, 2022

Earnings per share (EPS)21.97
Gross Margin13.44%
Net Profit Margin9.13%
Debt/Equity Ratio121.2%

How did LMT perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

48%

Payout Ratio

Valuation

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

21.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LMT ($375.13) is trading below our estimate of fair value ($478.15)

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 (17.1x) compared to the US Aerospace & Defense industry average (19.2x).

PE vs Market: LMT is poor value based on its PE Ratio (17.1x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: LMT is poor value based on its PEG Ratio (4.9x)


Price to Book Ratio

PB vs Industry: LMT is overvalued based on its PB Ratio (10.7x) compared to the US Aerospace & Defense industry average (2.8x).


Future Growth

How is Lockheed Martin forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

3.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LMT's forecast earnings growth (3.5% per year) is above the savings rate (2%).

Earnings vs Market: LMT's earnings (3.5% per year) are forecast to grow slower than the US market (13.1% per year).

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

Revenue vs Market: LMT's revenue (1.7% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: LMT's revenue (1.7% 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 (73.8%).


Past Performance

How has Lockheed Martin performed over the past 5 years?

18.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LMT has high quality earnings.

Growing Profit Margin: LMT's current net profit margins (9.1%) are lower than last year (10.3%).


Past Earnings Growth Analysis

Earnings Trend: LMT's earnings have grown by 18.9% per year over the past 5 years.

Accelerating Growth: LMT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: LMT had negative earnings growth (-8.1%) over the past year, making it difficult to compare to the Aerospace & Defense industry average (12.2%).


Return on Equity

High ROE: Whilst LMT's Return on Equity (62.9%) 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 ($21.4B) exceed its short term liabilities ($15.0B).

Long Term Liabilities: LMT's short term assets ($21.4B) do not cover its long term liabilities ($27.2B).


Debt to Equity History and Analysis

Debt Level: LMT's net debt to equity ratio (92.9%) is considered high.

Reducing Debt: LMT's debt to equity ratio has reduced from 592.8% to 121.2% over the past 5 years.

Debt Coverage: LMT's debt is well covered by operating cash flow (57.9%).

Interest Coverage: LMT's interest payments on its debt are well covered by EBIT (13.3x coverage).


Balance Sheet


Dividend

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

2.99%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LMT's dividend (2.99%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: LMT's dividend (2.99%) is low compared to the top 25% of dividend payers in the US market (3.49%).


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 (47.7%), 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 (45.8% payout ratio).


Next Steps

Management

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

2.7yrs

Average management tenure


CEO

Jim Taiclet (60 yo)

1.58yrs

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 ($USD24.13M) is above average for companies of similar size in the US market ($USD11.31M).

Compensation vs Earnings: Jim's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: LMT's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: LMT's board of directors are considered experienced (4.8 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 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
  • Implied Market Cap: US$103.456b
  • Shares outstanding: 275.79m
  • Website: https://www.lockheedmartin.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 23:54
End of Day Share Price2022/01/20 00:00
Earnings2021/09/26
Annual Earnings2020/12/31


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.