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
Price History & Performance
|Historical stock prices|
|Current Share Price||US$375.13|
|52 Week High||US$396.99|
|52 Week Low||US$319.81|
|1 Month Change||10.08%|
|3 Month Change||0.14%|
|1 Year Change||10.44%|
|3 Year Change||31.51%|
|5 Year Change||47.13%|
|Change since IPO||1,371.10%|
Recent News & Updates
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.
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...
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.
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...
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.
|LMT||US Aerospace & Defense||US Market|
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.
|LMT Average Weekly Movement||4.0%|
|Aerospace & Defense Industry Average Movement||6.4%|
|Market Average Movement||6.6%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.4%|
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
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
|LMT fundamental statistics|
Is LMT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|LMT income statement (TTM)|
|Cost of Revenue||US$57.43b|
Last Reported Earnings
Sep 26, 2021
Next Earnings Date
Jan 25, 2022
|Earnings per share (EPS)||21.97|
|Net Profit Margin||9.13%|
How did LMT perform over the long term?See historical performance and comparison
3.0%Current Dividend Yield
Is Lockheed Martin undervalued compared to its fair value and its price relative to the market?
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).
How is Lockheed Martin forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
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%).
How has Lockheed Martin performed over the past 5 years?
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.
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 ($27.2B).
Debt to Equity History and Analysis
Debt Level: LMT's net debt to equity ratio (92.9%) is considered high.
Reducing Debt: LMT's debt to equity ratio has reduced from 592.8% to 121.2% over the past 5 years.
Debt Coverage: LMT's debt is well covered by operating cash flow (57.9%).
Interest Coverage: LMT's interest payments on its debt are well covered by EBIT (13.3x coverage).
What is Lockheed Martin current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LMT's dividend (2.99%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: LMT's dividend (2.99%) is low compared to the top 25% of dividend payers in the US market (3.49%).
Stability and Growth of Payments
Stable Dividend: LMT's dividends per share have been stable in the past 10 years.
Growing Dividend: LMT's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (47.7%), LMT's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LMT's dividends in 3 years are forecast to be well covered by earnings (45.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jim Taiclet (60 yo)
Mr. James D. Taiclet, Jr., also known as Jim, serves as President & Chief Executive Officer at Lockheed Martin Corporation since June 15, 2020 and also serves as its Chairman since March 01, 2021. He had b...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($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.
Experienced Management: LMT's management team is considered experienced (2.7 years average tenure).
Experienced Board: LMT's board of directors are considered experienced (4.8 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Lockheed Martin Corporation's employee growth, exchange listings and data sources
- 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
- Lockheed Martin Corporation
- 6801 Rockledge Drive
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/20 23:54|
|End of Day Share Price||2022/01/20 00:00|
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.