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Martin Marietta Materials

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 Analysis

Solid track record average dividend payer.

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's share price has been volatile over the past 3 months.

Market Performance

7 Day Return




US Basic Materials


US Market

1 Year Return




US Basic Materials


US Market

Return vs Industry: MLM exceeded the US Basic Materials industry which returned -15.6% over the past year.

Return vs Market: MLM underperformed the US Market which returned 9.2% over the past year.

Shareholder returns

7 Day6.3%8.6%2.9%
30 Day15.7%18.7%10.6%
90 Day-12.1%-8.2%5.1%
1 Year-7.6%-8.5%-10.9%-11.8%11.4%8.9%
3 Year-7.1%-9.6%-12.0%-14.2%34.3%25.4%
5 Year44.5%38.2%25.4%20.5%60.7%42.7%

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


Is Martin Marietta Materials 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: MLM ($209.92) is trading below our estimate of fair value ($236.98)

Significantly Below Fair Value: MLM is trading below fair value, but not by a significant amount.

Price To Earnings Ratio

PE vs Industry: MLM is poor value based on its PE Ratio (22.1x) compared to the Basic Materials industry average (21.5x).

PE vs Market: MLM is poor value based on its PE Ratio (22.1x) compared to the US market (16.1x).

Price to Earnings Growth Ratio

PEG Ratio: MLM is poor value based on its PEG Ratio (2.3x)

Price to Book Ratio

PB vs Industry: MLM is overvalued based on its PB Ratio (2.5x) compared to the US Basic Materials industry average (1.3x).

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?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MLM's forecast earnings growth (9.5% per year) is above the savings rate (2.2%).

Earnings vs Market: MLM's earnings (9.5% per year) are forecast to grow slower than the US market (22.2% per year).

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

Revenue vs Market: MLM's revenue (5.9% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: MLM's revenue (5.9% 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 (10%).

Next Steps

Past Performance

How has Martin Marietta Materials performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MLM has high quality earnings.

Growing Profit Margin: MLM's current net profit margins (13.4%) are higher than last year (12.2%).

Past Earnings Growth Analysis

Earnings Trend: MLM's earnings have grown by 18.1% per year over the past 5 years.

Accelerating Growth: MLM's earnings growth over the past year (18.3%) exceeds its 5-year average (18.1% per year).

Earnings vs Industry: MLM earnings growth over the past year (18.3%) exceeded the Basic Materials industry 3.4%.

Return on Equity

High ROE: MLM's Return on Equity (11.2%) is considered low.

Next Steps

Financial Health

How is Martin Marietta Materials's financial position?

Financial Position Analysis

Short Term Liabilities: MLM's short term assets ($1.8B) exceed its short term liabilities ($1.1B).

Long Term Liabilities: MLM's short term assets ($1.8B) do not cover its long term liabilities ($4.1B).

Debt to Equity History and Analysis

Debt Level: MLM's debt to equity ratio (61.6%) is considered high.

Reducing Debt: MLM's debt to equity ratio has increased from 36.5% to 61.6% over the past 5 years.

Debt Coverage: MLM's debt is well covered by operating cash flow (29.3%).

Interest Coverage: MLM's interest payments on its debt are well covered by EBIT (7x coverage).

Balance Sheet

Next Steps


What is Martin Marietta Materials's current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MLM's dividend (1.05%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.65%).

High Dividend: MLM's dividend (1.05%) is low compared to the top 25% of dividend payers in the US market (4.39%).

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 (22.4%), 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 (19.3% payout ratio).

Next Steps


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


Average management tenure


Ward Nye (56yo)





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 ($USD12.20M) is about average for companies of similar size in the US market ($USD11.58M).

Compensation vs Earnings: Ward's compensation has increased by more than 20% in the past year.

Leadership Team

C. Nye
Chairman10.42yrsUS$12.20m0.27% $35.6m
James A. Nickolas
Senior VP & CFO2.83yrsUS$2.42m0.0046% $595.8k
Roselyn Bar
Executive VP19.42yrsUS$4.69m0.097% $12.6m
Craig LaTorre
Senior VP & Chief Human Resource Officer1yrUS$1.78m0.00080% $104.5k
Daniel Grant
Senior Vice President of Strategy & Development7.42yrsUS$1.75m0.029% $3.8m
Jay Moreau
Vice President of Operations8.5yrsno datano data
Robert Cardin
Senior VP1.08yrsno data0.00038% $49.6k
John Mohr
Senior VP & Chief Information Officer5.42yrsno data0.019% $2.5m
Suzanne Osberg
Vice President of Investor Relationsno datano datano data
Dana Guzzo
Senior Vice President of Sustainability1.25yrsUS$631.28k0.035% $4.6m


Average Tenure


Average Age

Experienced Management: MLM's management team is seasoned and experienced (5.4 years average tenure).

Board Members

C. Nye
Chairman10.42yrsUS$12.20m0.27% $35.6m
Donald Slager
Independent Director4.08yrsUS$265.99k0.0047% $620.6k
John Koraleski
Lead Independent Directorno dataUS$275.47k0.013% $1.6m
Sue Cole
Independent Director18.42yrsUS$333.29k0.044% $5.7m
Laree Perez
Independent Director15.67yrsUS$317.41k0.024% $3.1m
David Wajsgras
Independent Director0.083yrno data0.0015% $196.0k
Dorothy Ables
Independent Director1.58yrsUS$257.71k0.0034% $444.2k
Michael Quillen
Independent Director12.33yrsUS$332.18k0.034% $4.4m
Thomas Pike
Independent Director0.92yrUS$190.69k0.0022% $283.5k
Smith Davis
Independent Director2.08yrsUS$260.93k0.0053% $695.1k


Average Tenure


Average Age

Experienced Board: MLM's board of directors are considered experienced (4.1 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: MLM 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: 1993
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: US$13.066b
  • Shares outstanding: 62.24m
  • Website: https://www.martinmarietta.com

Number of Employees


  • Martin Marietta Materials, Inc.
  • 2710 Wycliff Road
  • Raleigh
  • North Carolina
  • 27607-3033
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MLMNYSE (New York Stock Exchange)YesCommon StockUSUSDFeb 1994
MMXDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 1994
MLM *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNFeb 1994
0JZ0LSE (London Stock Exchange)YesCommon StockGBUSDFeb 1994
M1LM34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 5 REPR 1 COMBRBRLJan 2020


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. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; Portland and specialty cement used in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries. The company 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. Its chemical products are used in flame retardants, wastewater treatment, pulp and paper production, and other environmental applications. The company was founded in 1993 and is headquartered in Raleigh, North Carolina. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/04 14:14
End of Day Share Price2020/06/03 00:00
Annual Earnings2019/12/31

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.