Martin Marietta Materials
Market Cap
US$16.3b
Last Updated
2019/11/19 23:40 UTC
Data Sources
Company Financials +
Executive Summary
Martin Marietta Materials, Inc., a natural resource-based building materials company, supplies aggregates and heavy building materials to the construction industry in the United States and internationally.
Snowflake
Fundamentals
Average dividend payer with mediocre balance sheet.
Similar Companies
Share Price & News
How has Martin Marietta Materials's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MLM has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.5%
MLM
2.8%
US Basic Materials
0.9%
US Market
1 Year Return
41.3%
MLM
36.5%
US Basic Materials
16.8%
US Market
Return vs Industry: MLM exceeded the US Basic Materials industry which returned 36.5% over the past year.
Return vs Market: MLM exceeded the US Market which returned 16.8% over the past year.
Shareholder returns
| MLM | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.5% | 2.8% | 0.9% |
| 30 Day | -1.6% | -1.5% | 4.5% |
| 90 Day | 3.3% | 3.7% | 6.2% |
| 1 Year | 42.6%41.3% | 37.6%36.5% | 19.4%16.8% |
| 3 Year | 21.3%18.2% | 10.9%8.3% | 47.5%38.0% |
| 5 Year | 115.2%105.5% | 91.0%83.2% | 62.0%44.1% |
Price Volatility Vs. Market
How volatile is Martin Marietta Materials's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Martin Marietta Materials (NYSE:MLM) Shareholders Have Enjoyed An Impressive 100% Share Price Gain2 weeks ago | Simply Wall St
What Does Martin Marietta Materials, Inc.’s (NYSE:MLM) 8.8% ROCE Say About The Business?4 weeks ago | Simply Wall St
Our Take On Martin Marietta Materials, Inc.'s (NYSE:MLM) CEO SalaryValuation
Is Martin Marietta Materials undervalued compared to its fair value and its price relative to the market?
28.52x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MLM ($261.66) is trading above our estimate of fair value ($85.23)
Significantly Below Fair Value: MLM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MLM is good value based on its PE Ratio (28.5x) compared to the Basic Materials industry average (29.7x).
PE vs Market: MLM is poor value based on its PE Ratio (28.5x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: MLM is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: MLM is overvalued based on its PB Ratio (3.1x) compared to the US Basic Materials industry average (2x).
Next Steps
Future Growth
How is Martin Marietta Materials forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
14.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MLM's forecast earnings growth (14% per year) is above the savings rate (2.7%).
Earnings vs Market: MLM's earnings (14% per year) are forecast to grow slower than the US market (14.4% per year).
High Growth Earnings: MLM's earnings are forecast to grow, but not significantly.
Revenue vs Market: MLM's revenue (5.6% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: MLM's revenue (5.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MLM's Return on Equity is forecast to be low in 3 years time (13.2%).
Next Steps
Past Performance
How has Martin Marietta Materials performed over the past 5 years?
23.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MLM has high quality earnings.
Growing Profit Margin: MLM's current net profit margins (13.2%) are lower than last year (19.1%).
Past Earnings Growth Analysis
Earnings Trend: MLM's earnings have grown significantly by 23.9% per year over the past 5 years.
Accelerating Growth: MLM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MLM had negative earnings growth (-23.5%) over the past year, making it difficult to compare to the Basic Materials industry average (-19.9%).
Return on Equity
High ROE: MLM's Return on Equity (10.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Martin Marietta Materials's financial position?
Financial Position Analysis
Short Term Liabilities: MLM's short term assets ($1.6B) exceeds its short term liabilities ($689.0M)
Long Term Liabilities: MLM's short term assets ($1.6B) do not cover its long term liabilities (4.2B)
Debt to Equity History and Analysis
Debt Level: MLM's debt to equity ratio (55.1%) is considered high.
Reducing Debt: MLM's debt to equity ratio has increased from 37% to 55.1% over the past 5 years.
Debt Coverage: MLM's debt is well covered by operating cash flow (31.3%).
Interest Coverage: MLM's interest payments on its debt are well covered by EBIT (6.8x coverage).
Balance Sheet
Inventory Level: MLM has a high level of physical assets or inventory.
Debt Coverage by Assets: MLM's debt is not covered by short term assets (assets are 0.5x debt).
Next Steps
Dividend
What is Martin Marietta Materials's current dividend yield, its reliability and sustainability?
0.84%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Martin Marietta Materials before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: MLM's dividend (0.84%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: MLM's dividend (0.84%) is low compared to the top 25% of dividend payers in the US market (3.68%).
Stability and Growth of Payments
Stable Dividend: MLM's dividends per share have been stable in the past 10 years.
Growing Dividend: MLM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (21.7%), MLM's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MLM's dividends in 3 years are forecast to be well covered by earnings (21.2% payout ratio).
Next Steps
Management
What is the CEO of Martin Marietta Materials's salary, the management and board of directors tenure and is there insider trading?
2.3yrs
Average management tenure
CEO
Ward Nye (56yo)
9.8yrs
Tenure
US$8,533,458
Compensation
Mr. C. Howard Nye, also known as Ward, has been the Chief Executive Officer and President of Martin Marietta Materials, Inc. since January 1, 2010 and August 10, 2006 respectively. Mr. Nye serves as Presid ...
CEO Compensation Analysis
Compensation vs Market: Ward's total compensation ($USD8.53M) is about average for companies of similar size in the US market ($USD11.07M).
Compensation vs Earnings: Ward's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.3yrs
Average Tenure
55yo
Average Age
Experienced Management: MLM's management team is considered experienced (2.3 years average tenure).
Board Age and Tenure
4.5yrs
Average Tenure
66.5yo
Average Age
Experienced Board: MLM's board of directors are considered experienced (4.5 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 824 |
| Max Price | US$231.80 |
| Entity | Individual |
| Shares | 695 |
| Max Price | US$220.19 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,500 |
| Max Price | US$195.07 |
| Entity | Individual |
| Shares | 2,223 |
| Max Price | US$190.90 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,000 |
| Max Price | US$174.07 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Roselyn Bar (60yo)
Executive VP
- Tenure: 18.8yrs
- Compensation: US$3.10m
Dana Guzzo (53yo)
Senior Vice President of Sustainability
- Tenure: 0.7yrs
- Compensation: US$631.28k
Ward Nye (56yo)
Chairman
- Tenure: 9.8yrs
- Compensation: US$8.53m
Jay Moreau (53yo)
Vice President of Operations
- Tenure: 7.9yrs
Craig LaTorre
Senior VP & Chief Human Resource Officer
- Tenure: 0.4yrs
Bob Cardin (56yo)
Senior VP
- Tenure: 0.5yrs
Daniel Grant (64yo)
Senior Vice President of Strategy & Development
- Tenure: 6.8yrs
- Compensation: US$1.42m
Jim Nickolas (48yo)
Chief Financial Officer
- Tenure: 2.3yrs
- Compensation: US$2.01m
John Mohr (54yo)
Senior VP & Chief Information Officer
- Tenure: 1.9yrs
Suzanne Osberg
Vice President of Investor Relations
- Tenure: 0yrs
Board Members
Don Slager (57yo)
Independent Director
- Tenure: 3.5yrs
- Compensation: US$247.82k
Stephen Zelnak (74yo)
Independent Director
- Tenure: 26.8yrs
- Compensation: US$294.60k
John Koraleski (68yo)
Independent Director
- Tenure: 3.3yrs
- Compensation: US$260.05k
Sue Cole (68yo)
Independent Director
- Tenure: 17.8yrs
- Compensation: US$328.87k
Laree Perez (65yo)
Independent Director
- Tenure: 15.1yrs
- Compensation: US$301.70k
Dorothy Ables (61yo)
Independent Director
- Tenure: 1yrs
- Compensation: US$161.68k
Mike Quillen (70yo)
Lead Independent Director
- Tenure: 5.8yrs
- Compensation: US$335.60k
Ward Nye (56yo)
Chairman
- Tenure: 9.8yrs
- Compensation: US$8.53m
Tom Pike (60yo)
Independent Director
- Tenure: 0.3yrs
Smith Davis (71yo)
Independent Director
- Tenure: 1.5yrs
- Compensation: US$225.07k
Company Information
Martin Marietta Materials, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Martin Marietta Materials, Inc.
- Ticker: MLM
- Exchange: NYSE
- Founded: 1993
- Industry: Construction Materials
- Sector: Materials
- Market Cap: US$16.294b
- Shares outstanding: 62.50m
- Website: https://www.martinmarietta.com
Number of Employees
Location
- Martin Marietta Materials, Inc.
- 2710 Wycliff Road
- Raleigh
- North Carolina
- 27607
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MLM | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Feb 1994 |
| MMX | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Feb 1994 |
| MLM * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Feb 1994 |
| 0JZ0 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Feb 1994 |
Biography
Martin Marietta Materials, Inc., a natural resource-based building materials company, supplies aggregates and heavy building materials to the construction industry in the United States and internationally. ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/19 23:40 |
| End of Day Share Price | 2019/11/19 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.