Martin Marietta Materials
Market Cap
US$22.7b
Last Updated
2021/07/31 22:04 UTC
Data Sources
Company Financials +
Executive Summary
Martin Marietta Materials, Inc., a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Proven track record with adequate 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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: MLM's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
2.0%
MLM
1.5%
US Basic Materials
-0.5%
US Market
1 Year Return
75.4%
MLM
69.5%
US Basic Materials
35.9%
US Market
Return vs Industry: MLM exceeded the US Basic Materials industry which returned 69.5% over the past year.
Return vs Market: MLM exceeded the US Market which returned 35.9% over the past year.
Shareholder returns
| MLM | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.0% | 1.5% | -0.5% |
| 30 Day | 3.1% | 2.2% | 0.09% |
| 90 Day | 2.9% | 3.4% | 3.2% |
| 1 Year | 76.8%75.4% | 70.9%69.5% | 38.0%35.9% |
| 3 Year | 80.4%75.5% | 64.7%60.6% | 62.8%52.6% |
| 5 Year | 91.3%83.2% | 73.1%66.6% | 121.2%96.9% |
Long-Term 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
Did You Miss Martin Marietta Materials' (NYSE:MLM) 75% Share Price Gain?3 weeks ago | Simply Wall St
Are Insiders Selling Martin Marietta Materials, Inc. (NYSE:MLM) Stock?Valuation
Is Martin Marietta Materials undervalued compared to its fair value and its price relative to the market?
36.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MLM ($363.3) is trading below our estimate of fair value ($571.16)
Significantly Below Fair Value: MLM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MLM is poor value based on its PE Ratio (29.8x) compared to the US Basic Materials industry average (20.2x).
PE vs Market: MLM is poor value based on its PE Ratio (29.8x) compared to the US market (18x).
Price to Earnings Growth Ratio
PEG Ratio: MLM is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: MLM is overvalued based on its PB Ratio (3.8x) compared to the US Basic Materials industry average (3.4x).
Future Growth
How is Martin Marietta Materials forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
15.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MLM's forecast earnings growth (15.5% per year) is above the savings rate (2%).
Earnings vs Market: MLM's earnings (15.5% per year) are forecast to grow faster than the US market (14.9% per year).
High Growth Earnings: MLM's earnings are forecast to grow, but not significantly.
Revenue vs Market: MLM's revenue (9.6% per year) is forecast to grow faster than the US market (9.2% per year).
High Growth Revenue: MLM's revenue (9.6% 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 (12.8%).
Past Performance
How has Martin Marietta Materials performed over the past 5 years?
11.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MLM has high quality earnings.
Growing Profit Margin: MLM's current net profit margins (17%) are higher than last year (13.4%).
Past Earnings Growth Analysis
Earnings Trend: MLM's earnings have grown by 11.4% per year over the past 5 years.
Accelerating Growth: MLM's earnings growth over the past year (27.9%) exceeds its 5-year average (11.4% per year).
Earnings vs Industry: MLM earnings growth over the past year (27.9%) underperformed the Basic Materials industry 77.3%.
Return on Equity
High ROE: MLM's Return on Equity (12.8%) is considered low.
Financial Health
How is Martin Marietta Materials's financial position?
Financial Position Analysis
Short Term Liabilities: MLM's short term assets ($1.7B) exceed its short term liabilities ($448.8M).
Long Term Liabilities: MLM's short term assets ($1.7B) do not cover its long term liabilities ($4.3B).
Debt to Equity History and Analysis
Debt Level: MLM's debt to equity ratio (44.3%) is considered high.
Reducing Debt: MLM's debt to equity ratio has reduced from 44.4% to 44.3% over the past 5 years.
Debt Coverage: MLM's debt is well covered by operating cash flow (43.2%).
Interest Coverage: MLM's interest payments on its debt are well covered by EBIT (8.6x coverage).
Balance Sheet
Dividend
What is Martin Marietta Materials's current dividend yield, its reliability and sustainability?
0.63%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MLM's dividend (0.63%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: MLM's dividend (0.63%) is low compared to the top 25% of dividend payers in the US market (3.54%).
Stability and Growth of Payments
Stable Dividend: MLM is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: MLM is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: MLM is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MLM's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.5yrs
Average management tenure
CEO
Ward Nye (58 yo)
11.5yrs
Tenure
US$12,818,588
Compensation
Mr. C. Howard Nye, also known as Ward, has been the Chief Executive Officer and President of Martin Marietta Materials, Inc. since January 1, 2010 and August 10, 2006 respectively. Mr. Nye serves as Presid...
CEO Compensation Analysis
Compensation vs Market: Ward's total compensation ($USD12.82M) is about average for companies of similar size in the US market ($USD11.17M).
Compensation vs Earnings: Ward's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: MLM's management team is seasoned and experienced (6.5 years average tenure).
Board Members
Experienced Board: MLM's board of directors are considered experienced (4.2 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
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: 1939
- Industry: Construction Materials
- Sector: Materials
- Market Cap: US$22.662b
- Shares outstanding: 62.38m
- Website: https://www.martinmarietta.com
Number of Employees
Location
- Martin Marietta Materials, Inc.
- 2710 Wycliff Road
- Raleigh
- North Carolina
- 27607-3033
- United States
Listings
Biography
Martin Marietta Materials, Inc., a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internation...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/07/31 22:04 |
| End of Day Share Price | 2021/07/30 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.