Martin Marietta Materials
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. The last earnings update was 23 days ago. More info.
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MLM Share Price and Events
7 Day Returns
1 Year Returns
MLM Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Martin Marietta Materials (MLM) | 2.7% | 3% | 16.6% | -5.3% | 27.2% | 56.1% |
| US Basic Materials | 1.8% | 2.7% | 19.5% | -11.4% | 12.2% | 49.9% |
| US Market | 1.2% | 2.1% | 14.6% | 3% | 39% | 43.5% |
1 Year Return vs Industry and Market
- MLM outperformed the Basic Materials industry which returned -11.4% over the past year.
- MLM underperformed the Market in United States of America which returned 3% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Martin Marietta Materials
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Martin Marietta Materials.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 12 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.9% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Basic Materials Unlevered Beta | Simply Wall St/ S&P Global | 0.89 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.886 (1 + (1- 21%) (25.53%)) |
1.043 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.04 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.043 * 5.96%) |
8.95% |
Discounted Cash Flow Calculation for NYSE:MLM using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Martin Marietta Materials is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 8.95%) |
|
|---|---|---|---|
| 2019 | 466.93 | Analyst x3 | 428.58 |
| 2020 | 568.43 | Analyst x3 | 478.89 |
| 2021 | 671.00 | Analyst x1 | 518.87 |
| 2022 | 754.29 | Est @ 12.41% | 535.37 |
| 2023 | 826.00 | Est @ 9.51% | 538.12 |
| 2024 | 887.74 | Est @ 7.47% | 530.84 |
| 2025 | 941.45 | Est @ 6.05% | 516.72 |
| 2026 | 989.04 | Est @ 5.05% | 498.25 |
| 2027 | 1,032.13 | Est @ 4.36% | 477.26 |
| 2028 | 1,072.07 | Est @ 3.87% | 455.01 |
| Present value of next 10 years cash flows | $4,977.92 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $1,072.07 × (1 + 2.73%) ÷ (8.95% – 2.73%) |
$17,711.31 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $17,711.31 ÷ (1 + 8.95%)10 |
$7,517.05 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $4,977.92 + $7,517.05 |
$12,494.97 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $12,494.97 / 62.43 |
$200.14 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $200.14 |
| Current discount | Discount to share price of
$195.76
= -1 x ($195.76 - $200.14) / $200.14 |
2.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Martin Marietta Materials's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Martin Marietta Materials's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Martin Marietta Materials's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Martin Marietta Materials's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $7.46 |
| NYSE:MLM Share Price ** | NYSE (2019-03-20) in USD | $195.76 |
| United States of America Basic Materials Industry PE Ratio | Median Figure of 11 Publicly-Listed Basic Materials Companies | 26.51x |
| United States of America Market PE Ratio | Median Figure of 3,058 Publicly-Listed Companies | 17.69x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Martin Marietta Materials.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:MLM Share Price ÷ EPS (both in USD) = 195.76 ÷ 7.46 |
26.24x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Martin Marietta Materials is good value based on earnings compared to the US Basic Materials industry average.
- Martin Marietta Materials is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Martin Marietta Materials's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 26.24x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts |
15.8%per year |
| United States of America Basic Materials Industry PEG Ratio | Median Figure of 7 Publicly-Listed Basic Materials Companies | 1.28x |
| United States of America Market PEG Ratio | Median Figure of 2,103 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 26.24x ÷ 15.8% |
1.66x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Martin Marietta Materials is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Martin Marietta Materials's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $79.12 |
| NYSE:MLM Share Price * | NYSE (2019-03-20) in USD | $195.76 |
| United States of America Basic Materials Industry PB Ratio | Median Figure of 13 Publicly-Listed Basic Materials Companies | 2.06x |
| United States of America Market PB Ratio | Median Figure of 5,156 Publicly-Listed Companies | 1.89x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:MLM Share Price ÷ Book Value per Share (both in USD) = 195.76 ÷ 79.12 |
2.47x |
* Primary Listing of Martin Marietta Materials.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Martin Marietta Materials is overvalued based on assets compared to the US Basic Materials industry average.
Value checks
We assess Martin Marietta Materials's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Basic Materials industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Basic Materials industry average (and greater than 0)? (1 check) Martin Marietta Materials has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Martin Marietta Materials's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Martin Marietta Materials's earnings growth is expected to exceed the United States of America market average.
- Martin Marietta Materials's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:MLM Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts | 15.8% |
| NYSE:MLM Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts | 8.5% |
| United States of America Basic Materials Industry Earnings Growth Rate | Market Cap Weighted Average | 18.8% |
| United States of America Basic Materials Industry Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 5,061 | 1,046 | 764 | 3 |
| 2020-12-31 | 4,854 | 953 | 662 | 12 |
| 2019-12-31 | 4,557 | 881 | 563 | 12 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 3,980 | 705 | 469 |
| 2018-09-30 | 3,934 | 681 | 751 |
| 2018-06-30 | 3,814 | 667 | 722 |
| 2018-03-31 | 3,682 | 689 | 679 |
| 2017-12-31 | 3,723 | 658 | 711 |
| 2017-09-30 | 3,701 | 686 | 434 |
| 2017-06-30 | 3,717 | 709 | 441 |
| 2017-03-31 | 3,635 | 695 | 421 |
| 2016-12-31 | 3,579 | 689 | 424 |
| 2016-09-30 | 3,469 | 675 | 408 |
| 2016-06-30 | 3,435 | 656 | 366 |
| 2016-03-31 | 3,370 | 606 | 327 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
All data from Martin Marietta Materials Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 12.13 | 13.03 | 11.24 | 2.00 |
| 2020-12-31 | 10.60 | 11.65 | 9.45 | 10.00 |
| 2019-12-31 | 8.98 | 9.62 | 8.60 | 10.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 7.46 |
| 2018-09-30 | 11.93 |
| 2018-06-30 | 11.47 |
| 2018-03-31 | 10.79 |
| 2017-12-31 | 11.30 |
| 2017-09-30 | 6.88 |
| 2017-06-30 | 6.99 |
| 2017-03-31 | 6.65 |
| 2016-12-31 | 6.66 |
| 2016-09-30 | 6.36 |
| 2016-06-30 | 5.63 |
| 2016-03-31 | 4.97 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Martin Marietta Materials is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Martin Marietta Materials's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Martin Marietta Materials has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Martin Marietta Materials performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Martin Marietta Materials has delivered over 20% year on year earnings growth in the past 5 years.
- Martin Marietta Materials's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Martin Marietta Materials's 1-year earnings growth is negative, it can't be compared to the US Basic Materials industry average.
Earnings and Revenue History
All data from Martin Marietta Materials Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 3,980.35 | 469.19 | 283.62 | |
| 2018-09-30 | 3,934.08 | 751.10 | 270.97 | |
| 2018-06-30 | 3,814.35 | 722.28 | 260.60 | |
| 2018-03-31 | 3,682.42 | 679.09 | 262.71 | |
| 2017-12-31 | 3,723.48 | 711.31 | 272.94 | |
| 2017-09-30 | 3,700.67 | 433.63 | 270.93 | |
| 2017-06-30 | 3,716.53 | 441.35 | 265.36 | |
| 2017-03-31 | 3,635.12 | 421.10 | 252.79 | |
| 2016-12-31 | 3,578.65 | 423.61 | 253.10 | |
| 2016-09-30 | 3,468.51 | 407.97 | 230.02 | |
| 2016-06-30 | 3,435.39 | 366.20 | 230.13 | |
| 2016-03-31 | 3,370.20 | 327.48 | 227.13 | |
| 2015-12-31 | 3,268.12 | 287.54 | 210.75 | |
| 2015-09-30 | 3,266.88 | 268.29 | 270.72 | |
| 2015-06-30 | 3,179.60 | 204.83 | 264.26 | |
| 2015-03-31 | 2,931.29 | 181.42 | 244.04 | |
| 2014-12-31 | 2,679.10 | 154.99 | 169.25 | |
| 2014-09-30 | 2,390.93 | 127.60 | 201.79 | |
| 2014-06-30 | 2,073.44 | 145.92 | 189.92 | |
| 2014-03-31 | 1,978.84 | 127.55 | 199.38 | |
| 2013-12-31 | 1,943.22 | 121.57 | 195.18 | |
| 2013-09-30 | 1,907.86 | 107.01 | 226.06 | |
| 2013-06-30 | 1,844.91 | 98.00 | 221.60 | |
| 2013-03-31 | 1,826.48 | 93.77 | 210.86 | |
| 2012-12-31 | 1,832.96 | 85.15 | 178.69 | |
| 2012-09-30 | 1,751.62 | 71.85 | 142.84 | |
| 2012-06-30 | 1,659.12 | 57.86 | 144.25 | |
| 2012-03-31 | 1,579.78 | 57.58 | 141.72 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Martin Marietta Materials has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Martin Marietta Materials used its assets less efficiently than the US Basic Materials industry average last year based on Return on Assets.
- Martin Marietta Materials has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Martin Marietta Materials's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Basic Materials industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Martin Marietta Materials has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Martin Marietta Materials's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Martin Marietta Materials's finances.
The net worth of a company is the difference between its assets and liabilities.
- Martin Marietta Materials is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Martin Marietta Materials's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Martin Marietta Materials Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 4,949.41 | 3,120.48 | 44.89 |
| 2018-09-30 | 4,942.33 | 3,209.70 | 53.96 |
| 2018-06-30 | 4,855.47 | 3,218.92 | 33.78 |
| 2018-03-31 | 4,679.83 | 3,028.11 | 1,422.37 |
| 2017-12-31 | 4,682.48 | 3,027.20 | 1,446.36 |
| 2017-09-30 | 4,333.98 | 1,723.59 | 35.22 |
| 2017-06-30 | 4,200.53 | 1,785.78 | 36.72 |
| 2017-03-31 | 4,075.95 | 1,846.29 | 55.42 |
| 2016-12-31 | 4,142.59 | 1,686.19 | 50.04 |
| 2016-09-30 | 4,158.40 | 1,764.84 | 60.68 |
| 2016-06-30 | 4,016.50 | 1,786.36 | 28.60 |
| 2016-03-31 | 3,945.64 | 1,752.76 | 27.24 |
| 2015-12-31 | 4,060.18 | 1,579.01 | 168.41 |
| 2015-09-30 | 4,252.58 | 1,705.15 | 436.43 |
| 2015-06-30 | 4,310.43 | 1,658.00 | 44.17 |
| 2015-03-31 | 4,342.18 | 1,581.02 | 56.37 |
| 2014-12-31 | 4,352.75 | 1,585.58 | 108.65 |
| 2014-09-30 | 4,375.61 | 1,618.28 | 73.60 |
| 2014-06-30 | 1,567.00 | 1,084.80 | 34.33 |
| 2014-03-31 | 1,544.29 | 1,067.94 | 35.80 |
| 2013-12-31 | 1,574.92 | 1,033.48 | 42.44 |
| 2013-09-30 | 1,498.88 | 1,123.80 | 57.24 |
| 2013-06-30 | 1,440.67 | 1,093.32 | 43.71 |
| 2013-03-31 | 1,410.06 | 1,078.53 | 37.26 |
| 2012-12-31 | 1,450.30 | 1,047.86 | 25.39 |
| 2012-09-30 | 1,470.02 | 1,098.89 | 35.42 |
| 2012-06-30 | 1,416.80 | 1,147.60 | 41.39 |
| 2012-03-31 | 1,398.28 | 1,136.76 | 44.95 |
- Martin Marietta Materials's level of debt (63%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (65.7% vs 63% today).
- Debt is well covered by operating cash flow (22.6%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 5.4x coverage).
Financial health checks
We assess Martin Marietta Materials's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Martin Marietta Materials has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Martin Marietta Materials's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Martin Marietta Materials
shares you are expected to receive
$20
in your first year as a dividend.
Dividend Amount
- Martin Marietta Materials's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
- Martin Marietta Materials's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
| United States of America Basic Materials Industry Average Dividend Yield | Market Cap Weighted Average of 7 Stocks | 1% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2004 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 2.06 | 3.00 |
| 2020-12-31 | 1.96 | 9.00 |
| 2019-12-31 | 1.92 | 9.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-21 | 1.920 | 0.994 |
| 2018-11-15 | 1.920 | 1.063 |
| 2018-08-23 | 1.920 | 1.049 |
| 2018-05-17 | 1.760 | 0.808 |
| 2018-02-22 | 1.760 | 0.860 |
| 2017-11-16 | 1.760 | 0.814 |
| 2017-08-24 | 1.760 | 0.849 |
| 2017-05-19 | 1.680 | 0.759 |
| 2017-02-24 | 1.680 | 0.767 |
| 2016-11-11 | 1.680 | 0.747 |
| 2016-08-22 | 1.680 | 0.916 |
| 2016-05-19 | 1.600 | 0.832 |
| 2016-02-19 | 1.600 | 0.992 |
| 2015-11-13 | 1.600 | 1.173 |
| 2015-08-21 | 1.600 | 1.009 |
| 2015-05-22 | 1.600 | 1.038 |
| 2015-01-22 | 1.600 | 1.165 |
| 2014-11-14 | 1.600 | 1.400 |
| 2014-08-22 | 1.600 | 1.294 |
| 2014-05-23 | 1.600 | 1.247 |
| 2014-01-24 | 1.600 | 1.331 |
| 2013-11-15 | 1.600 | 1.597 |
| 2013-08-23 | 1.600 | 1.632 |
| 2013-05-24 | 1.600 | 1.558 |
| 2013-01-25 | 1.600 | 1.580 |
| 2012-11-15 | 1.600 | 1.719 |
| 2012-08-24 | 1.600 | 1.921 |
| 2012-05-25 | 1.600 | 2.150 |
| 2012-01-27 | 1.600 | 1.936 |
| 2011-11-09 | 1.600 | 2.114 |
| 2011-08-18 | 1.600 | 2.351 |
| 2011-05-13 | 1.600 | 2.061 |
| 2011-01-28 | 1.600 | 1.823 |
| 2010-11-11 | 1.600 | 1.829 |
| 2010-08-19 | 1.600 | 2.042 |
| 2010-05-28 | 1.600 | 1.861 |
| 2010-01-29 | 1.600 | 1.857 |
| 2009-11-11 | 1.600 | 1.837 |
| 2009-08-20 | 1.600 | 1.772 |
| 2009-05-28 | 1.600 | 1.951 |
| 2009-03-23 | 1.600 | 1.877 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Martin Marietta Materials's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (4.1x coverage).
- Dividends after 3 years are expected to be well covered by earnings (5.8x coverage).
Income/ dividend checks
We assess Martin Marietta Materials's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Martin Marietta Materials afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Martin Marietta Materials has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $8,989,165 |
| AGE | 55 |
| TENURE AS CEO | 9.2 years |
CEO Bio
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 President of Aggregates Business at Martin Marietta Materials, Inc. since 2010. He serves as Chairman of Magnesia Specialties Business at Martin Marietta Materials, Inc. since 2007. He served as the President and Chief Operating Officer of Martin Marietta Materials, Inc. from August 10, 2006 to 2009. He has 13 years of experience in the aggregates industry. He served as an Executive Vice President of Hanson Aggregates North America from 2003 to 2006. He served as President of Hanson Aggregates East from 2000 to 2003 with operating responsibility for over 150 facilities in 12 states with annual revenue of more than $500 million. He served as Vice President Business Development for Hanson Building Materials America from 1997 to 2000. He began his career in the aggregates industry as General Counsel for Hanson Aggregates East with additional responsibility for environmental and safety and health. Mr. Nye has been the Chairman of the Board at Martin Marietta Materials, Inc. since May 22, 2014. He has been the Chairman of the Board of National Stone, Sand and Gravel Association since March 19, 2013 and has been its Director since January 2010. He served as a Director at Cree, Inc. since October 2015 until October 2018. He has been a Director at General Dynamics Corp., since May 2, 2018. He has been a Director of Martin Marietta Materials, Inc. since January 1, 2010. He serves as a Director Romeo Guest Associates, Inc. He serves as a Director of the American Road & Transportation Builders Association (ARTBA). He is a member of the Board of Directors of the United States Chamber of Commerce. He serves as a Member of the Duke University Alumni Board. He was a Gubernatorial appointee to the North Carolina Mining Commission. He holds a Bachelor of Arts degree with honors from Duke University in 1984. Mr. Nye also holds a Juris Doctorate degree from Wake Forest University in 1987.
CEO Compensation
- Ward's compensation has been consistent with company performance over the past year.
- Ward's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Martin Marietta Materials management team in years:
- The average tenure for the Martin Marietta Materials management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Ward Nye
Chairman
$9M
55
9.2 yrs
Jim Nickolas
Senior VP
$2M
47
1.6 yrs
Roselyn Bar
Executive VP
$4M
59
18.2 yrs
Donald McCunniff
Senior Vice President of Human Resources
$2M
61
8.2 yrs
Daniel Grant
Senior Vice President of Strategy & Development
$2M
63
6.2 yrs
Jay Moreau
Vice President of Operations
52
7.3 yrs
John Mohr
Senior VP & Chief Information Officer
53
1.3 yrs
Suzanne Osberg
Vice President of Investor Relations
Dana Guzzo
Senior Vice President of Sustainability
$631K
52
Bob Meskimen
President of Northwest Division and Senior Vice President
Board of Directors Tenure
Average tenure and age of the Martin Marietta Materials board of directors in years:
- The tenure for the Martin Marietta Materials board of directors is about average.
Board of Directors
Ward Nye
Chairman
$9M
55
4.8 yrs
Stephen Zelnak
Director
$250K
73
26.2 yrs
Laree Perez
Independent Director
$243K
64
14.4 yrs
Sue Cole
Independent Director
$289K
67
17.2 yrs
Mike Quillen
Lead Independent Director
$300K
69
5.2 yrs
Dennis Rediker
Independent Director
$253K
74
15.5 yrs
Don Slager
Director
$202K
56
2.8 yrs
John Koraleski
Director
$207K
67
2.6 yrs
Smith Davis
Director
69
0.8 yrs
Dorothy Ables
Independent Director
60
0.3 yrs
Who owns this company?
Recent Insider Trading
- Martin Marietta Materials insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 06. Mar 19 | Sell | Sue Cole | Individual | 05. Mar 19 | 05. Mar 19 | -1,500 | $195.07 | $-292,611 | ||
| 28. Feb 19 | Sell | Donald McCunniff | Individual | 27. Feb 19 | 28. Feb 19 | -2,223 | $190.90 | $-421,886 | ||
| 18. Dec 18 | Buy | John Koraleski | Individual | 14. Dec 18 | 14. Dec 18 | 1,000 | $174.07 | $174,070 | ||
| 24. Aug 18 | Sell | Donald McCunniff | Individual | 22. Aug 18 | 22. Aug 18 | -2,250 | $204.33 | $-459,731 | ||
| 01. Aug 18 | Buy | Stephen Zelnak | Individual | 30. Jul 18 | 30. Jul 18 | 3,500 | $202.87 | $710,045 | ||
| 30. Jul 18 | Buy | John Koraleski | Individual | 27. Jul 18 | 27. Jul 18 | 2,400 | $208.06 | $499,332 | ||
| 13. Jun 18 | Sell | Donald McCunniff | Individual | 13. Jun 18 | 13. Jun 18 | -4,226 | $230.72 | $-975,031 | ||
Management checks
We assess Martin Marietta Materials's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Martin Marietta Materials has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
How Much is Martin Marietta Materials, Inc.'s (NYSE:MLM) CEO Getting Paid?
This analysis aims first to contrast CEO compensation with other large companies. … How Does Ward Nye's Compensation Compare With Similar Sized Companies. … has a market cap of US$12b, and is paying total annual CEO compensation of US$9.0m.
Simply Wall St - – Full articleIt's Time To Buy Martin Marietta Materials, Inc. (NYSE:MLM)
Today I want to bring to light the market's darling - Martin Marietta Materials, Inc.. … Looking at its size, financial health and track record, I believe there's an opportunity with Martin Marietta Materials during these volatile times. … 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 internationallyC
Simply Wall St - – Full articleMartin Marietta Materials, Inc. (NYSE:MLM): Is It A Smart Long Term Opportunity?
Looking at Martin Marietta Materials, Inc.'s (NYSE:MLM) earnings update on 31 December 2018, … analyst consensus outlook appear cautiously optimistic, … with profits predicted to increase by 20% next year,
Simply Wall St - – Full articleWhy I Like Martin Marietta Materials, Inc. (NYSE:MLM)
Help shape the future of investing tools and receive a $20 prize! … I've been keeping an eye on Martin Marietta Materials, Inc. … Looking at the company as a whole, as a potential stock investment, I believe MLM has a lot to offer.
Simply Wall St - – Full articleShould You Investigate Martin Marietta Materials, Inc. (NYSE:MLM) At US$184?
The company's stock. … As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock … However, what if the stock is still a bargain?
Simply Wall St - – Full articleHere's How P/E Ratios Can Help Us Understand Martin Marietta Materials, Inc. (NYSE:MLM)
To keep it practical, we'll show how Martin Marietta Materials, Inc.'s (NYSE:MLM) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Martin Marietta Materials's P/E ratio is 15.11. … How Do I Calculate Martin Marietta Materials's Price To Earnings Ratio
Simply Wall St - – Full articleMartin Marietta Materials, Inc. (NYSE:MLM): Time For A Financial Health Check
This article will examine Martin Marietta Materials’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis … See our latest analysis for Martin Marietta Materials
Simply Wall St - – Full articleCan Martin Marietta Materials, Inc. (NYSE:MLM) Maintain Its Strong Returns?
Martin Marietta Materials has a ROE of 15%, based on the last twelve months. … That means that for every $1 worth of shareholders' equity, it generated $0.15 in profit. … Check out our latest analysis for Martin Marietta Materials?
Simply Wall St - – Full articleHave Insiders Been Selling Martin Marietta Materials, Inc. (NYSE:MLM) Shares?
So shareholders might well want to know whether insiders have been buying or selling shares in Martin Marietta Materials, Inc. … The Last 12 Months Of Insider Transactions At Martin Marietta Materials. … So we know that an insider sold shares at around the present share price of US$175.
Simply Wall St - – Full articleIs Martin Marietta Materials Inc (NYSE:MLM) Worth US$185 Based On Intrinsic Value?
I am going to run you through how I calculated the intrinsic value of Martin Marietta Materials Inc (NYSE:MLM). … by taking the expected future cash flows and discounting them to their present value. … If you are reading this and its not December 2018 then I highly recommend you check out the latest calculation for Martin Marietta Materials by following the link below
Simply Wall St - – Full articleCompany Info
Description
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. The company offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries. It also manufactures and markets magnesia-based chemical products for the industrial, agricultural, and environmental applications; and dolomitic lime primarily for customers in the steel and mining industries, as well as provides road paving construction services. The company’s chemical products are used in flame retardants, wastewater treatment, pulp and paper production, and other environmental applications. Martin Marietta Materials, Inc. was founded in 1993 and is headquartered in Raleigh, North Carolina.
Details
| Name: | Martin Marietta Materials, Inc. |
| MLM | |
| Exchange: | NYSE |
| Founded: | 1993 |
| $12,221,404,076 | |
| 62,430,548 | |
| Website: | http://www.martinmarietta.com |
| Address: |
Martin Marietta Materials, Inc. 2710 Wycliff Road, Raleigh, North Carolina, 27607, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | MLM | Common Stock | New York Stock Exchange | US | USD | 17. Feb 1994 | |
| DB | MMX | Common Stock | Deutsche Boerse AG | DE | EUR | 17. Feb 1994 | |
| LSE | 0JZ0 | Common Stock | London Stock Exchange | GB | USD | 17. Feb 1994 |
Number of employees
Current staff
Industry
| Construction Materials | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/20 23:40 |
| End of day share price update: | 2019/03/20 00:00 |
| Last estimates confirmation: | 2019/03/06 |
| Last earnings filing: | 2019/02/25 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
