Hide

FocusBar

FeedbackFeedback
Subscribe to Premium Member
83.93 (1y: +35%)
Market Cap 19.68 B P/E(ttm) 10.60
Enterprise Value 20.43 B P/B 2.10
NOC- NYSE (USA)
Northrop Grumman Corp
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$83.93
Switch to:

GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry		 vs
history
Cash to Debt 0.983
NOC's Cash to Debt is ranked higher than
75% of the 245 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.67 vs. NOC: 0.983 )
NOC' s 10-Year Cash to Debt Range
Min: 0.06   Max: 0.98
Current: 0.98
0.06
0.98
Equity to Asset 0.358
NOC's Equity to Asset is ranked higher than
65% of the 245 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.40 vs. NOC: 0.358 )
NOC' s 10-Year Equity to Asset Range
Min: 0.34   Max: 0.53
Current: 0.36
0.34
0.53
Interest Coverage 14.8
NOC's Interest Coverage is ranked higher than
77% of the 245 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 8.70 vs. NOC: 14.8 )
NOC' s 10-Year Interest Coverage Range
Min: 3   Max: 15
Current: 14.8
3
15
F-Score: 8
Z-Score: 2.75
M-Score: -2.65
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 9/10

vs
industry		 vs
history
Operating margin (%) 12.40
NOC's Operating margin (%) is ranked higher than
89% of the 245 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 8.00 vs. NOC: 12.40 )
NOC' s 10-Year Operating margin (%) Range
Min: -0.3   Max: 14.4
Current: 12.4
-0.3
14.4
Net-margin (%) 7.8
NOC's Net-margin (%) is ranked higher than
83% of the 245 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 5.30 vs. NOC: 7.8 )
NOC' s 10-Year Net-margin (%) Range
Min: -3.7   Max: 8
Current: 7.8
-3.7
8
ROE (%) 20.8
NOC's ROE (%) is ranked higher than
91% of the 245 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 11.80 vs. NOC: 20.8 )
NOC' s 10-Year ROE (%) Range
Min: -10.6   Max: 20.8
Current: 20.8
-10.6
20.8
ROA (%) 7.5
NOC's ROA (%) is ranked higher than
89% of the 245 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 4.40 vs. NOC: 7.5 )
NOC' s 10-Year ROA (%) Range
Min: -4.2   Max: 8.3
Current: 7.5
-4.2
8.3
ROC (Joel Greenblatt) (%) 230.00
NOC's ROC (Joel Greenblatt) (%) is ranked higher than
98% of the 245 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 20.10 vs. NOC: 230.00 )
NOC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -3.1   Max: 230
Current: 230
-3.1
230
Revenue Growth (%) -1.2
NOC's Revenue Growth (%) is ranked higher than
53% of the 245 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.90 vs. NOC: -1.2 )
NOC' s 10-Year Revenue Growth (%) Range
Min: -1.9   Max: 7.3
Current: -1.2
-1.9
7.3
EBITDA Growth (%) 10.9
NOC's EBITDA Growth (%) is ranked higher than
84% of the 245 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 3.70 vs. NOC: 10.9 )
NOC' s 10-Year EBITDA Growth (%) Range
Min: -30   Max: 62.6
Current: 10.9
-30
62.6
EPS Growth (%) 10.7
NOC's EPS Growth (%) is ranked higher than
86% of the 245 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.00 vs. NOC: 10.7 )
NOC' s 10-Year EPS Growth (%) Range
Min: -52.5   Max: 118.1
Current: 10.7
-52.5
118.1
ยป NOC's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

NOC Guru Trades in Q2 2012

John Burbank 36,106 sh (New)
Steven Cohen 20,972 sh (+69.97%)
Manning & Napier Advisors, Inc 32,179 sh (+44.07%)
Jean-Marie Eveillard 6,635,858 sh (+2.5%)
Mario Gabelli 16,308 sh (unchged)
Bill Nygren 1,330,000 sh (unchged)
Richard Perry Sold Out
Pioneer Investments Sold Out
Ray Dalio Sold Out
HOTCHKIS & WILEY 2,974,264 sh (-5.66%)
Joel Greenblatt 206,855 sh (-6.37%)
Richard Pzena 5,026,689 sh (-8.81%)
Jeremy Grantham 56,100 sh (-13.82%)
David Dreman 278,590 sh (-15.31%)
Jim Simons 29,200 sh (-77.17%)
» More
Q3 2012

NOC Guru Trades in Q3 2012

Paul Tudor Jones 10,200 sh (New)
Ray Dalio 101,400 sh (New)
Manning & Napier Advisors, Inc 37,437 sh (+16.34%)
Jeremy Grantham 62,800 sh (+11.94%)
Bill Nygren 1,330,000 sh (unchged)
John Burbank Sold Out
Jim Simons Sold Out
Richard Pzena 5,020,723 sh (-0.12%)
Joel Greenblatt 195,217 sh (-5.63%)
Jean-Marie Eveillard 6,261,483 sh (-5.64%)
HOTCHKIS & WILEY 2,282,600 sh (-23.25%)
Mario Gabelli 11,738 sh (-28.02%)
Steven Cohen 3,586 sh (-82.9%)
David Dreman 14,647 sh (-94.74%)
» More
Q4 2012

NOC Guru Trades in Q4 2012

Pioneer Investments 2,972 sh (New)
Steven Cohen 28,242 sh (+687.56%)
Ray Dalio 152,600 sh (+50.49%)
Paul Tudor Jones 12,500 sh (+22.55%)
Bill Nygren 1,440,000 sh (+8.27%)
Jean-Marie Eveillard 6,267,995 sh (+0.1%)
Mario Gabelli 11,738 sh (unchged)
David Dreman Sold Out
Manning & Napier Advisors, Inc 37,065 sh (-0.99%)
Richard Pzena 3,852,775 sh (-23.26%)
Joel Greenblatt 125,867 sh (-35.52%)
HOTCHKIS & WILEY 1,227,100 sh (-46.24%)
» More
Q1 2013

NOC Guru Trades in Q1 2013

John Burbank 7,125 sh (New)
Jeremy Grantham 23,172 sh (New)
Jim Simons 586,800 sh (New)
Joel Greenblatt 229,195 sh (+82.09%)
Ray Dalio 188,436 sh (+23.48%)
Richard Pzena 4,116,900 sh (+6.86%)
Bill Nygren 1,440,000 sh (unchged)
Mario Gabelli 11,738 sh (unchged)
Pioneer Investments Sold Out
HOTCHKIS & WILEY 1,220,600 sh (-0.53%)
Manning & Napier Advisors, Inc 36,324 sh (-2%)
Jean-Marie Eveillard 6,058,332 sh (-3.34%)
Paul Tudor Jones 10,700 sh (-14.4%)
Steven Cohen 11,068 sh (-60.81%)
» More
» Details

Insider Trades

Latest Guru Trades with NOC

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2013-03-31 Add 82.09%0.37%$64.38 - $70.15 $ 83.9326%229195
John Burbank 2013-03-31 New Buy0.02%$64.38 - $70.15 $ 83.9326%7125
Ray Dalio 2013-03-31 Add 23.48%0.02%$64.38 - $70.15 $ 83.9326%188436
Joel Greenblatt 2012-12-31 Reduce -35.52%0.31%$63.23 - $71.13 $ 83.9324%125867
Ray Dalio 2012-12-31 Add 50.49%0.04%$63.23 - $71.13 $ 83.9324%152600
David Dreman 2012-12-31 Sold Out 0.02%$63.23 - $71.13 $ 83.9324%0
David Dreman 2012-09-30 Reduce -94.74%0.4%$62.18 - $69.51 $ 83.9327%14647
Ray Dalio 2012-09-30 New Buy0.09%$62.18 - $69.51 $ 83.9327%101400
John Burbank 2012-09-30 Sold Out 0.08%$62.18 - $69.51 $ 83.9327%0
Mario Gabelli 2012-09-30 Reduce -28.02%$62.18 - $69.51 $ 83.9327%11738
Ray Dalio 2012-06-30 Sold Out 0.15%$56.9 - $64.5 $ 83.9338%0
John Burbank 2012-06-30 New Buy0.08%$56.9 - $64.5 $ 83.9338%36106
Richard Perry 2012-06-30 Sold Out 0.04%$56.9 - $64.5 $ 83.9338%0
Premium More recent guru trades are included for Premium Members only!!
ยป Financial Charts

Peter Lynch Chart

Top Ranked Articles about Northrop Grumman Corp

52-Week High Companies: PRGO, NOC, RHHBY, NXY, PFE
October 15, 2012
According to GuruFocus list of 52-week highs, these Guru stocks have reached their 52-Week Highs: Perrigo Company (PRGO), Northrop Grumman Corporation (NOC), Roche Holding Ltd. (RHHBY), Nexen Inc. (NXY) and Pfizer Inc. (PFE). Read more...
General Dynamics Has an Appropriate Margin of Safety
August 6, 2012
- General Dynamics Has An Appropriate Margin Of Safety
Overview: General Dynamics (GD) was formed in 1952 by the combination of Electric Boat Company, Consolidated Vultee (Convair) and several others. It is an aerospace and defense company that offers an extensive product and service portfolio regarding business aviation; combat vehicles, weapons systems and munitions; military and commercial shipbuilding; and communications and information technology. The main customer is the U.S. Government with about 70% of the sales, with the remainance split between U.S. commercial customers, Government and commercial clients throughout the world with primary subsidiary operations in Australia, Austria, Brazil, Canada, France, Germany, Italy, Mexico, Spain, Switzerland and UK. The annual revenues count with a value of US$32677 million and a net income of US$2526 million. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 10.60
NOC's P/E(ttm) is ranked higher than
87% of the 206 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 16.50 vs. NOC: 10.60 )
NOC' s 10-Year P/E(ttm) Range
Min: 5.1   Max: 32.8
Current: 10.6
5.1
32.8
P/B 2.10
NOC's P/B is ranked higher than
70% of the 224 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.11 vs. NOC: 2.10 )
NOC' s 10-Year P/B Range
Min: 0.67   Max: 2.13
Current: 2.1
0.67
2.13
P/S 0.83
NOC's P/S is ranked higher than
77% of the 237 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.92 vs. NOC: 0.83 )
NOC' s 10-Year P/S Range
Min: 0.3   Max: 0.86
Current: 0.83
0.3
0.86
PFCF 8.70
NOC's PFCF is ranked higher than
84% of the 176 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 17.60 vs. NOC: 8.70 )
NOC' s 10-Year PFCF Range
Min: 3.89   Max: 175.08
Current: 8.7
3.89
175.08
EV-to-EBIT 6.5
NOC's EV-to-EBIT is ranked higher than
96% of the 195 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 13.78 vs. NOC: 6.5 )
NOC' s 10-Year EV-to-EBIT Range
Min: 4.6   Max: 228.6
Current: 6.5
4.6
228.6
PEG 0.2
NOC's PEG is ranked higher than
98% of the 146 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.50 vs. NOC: 0.2 )
NOC' s 10-Year PEG Range
Min: 0.19   Max: 521.33
Current: 0.2
0.19
521.33
Shiller P/E 16.2
NOC's Shiller P/E is ranked lower than
100% of the Companies
in the Global Aerospace & Defense industry.

( Industry Median: vs. NOC: 16.2 )
NOC' s 10-Year Shiller P/E Range
Min: 8.1   Max: 21.4
Current: 16.2
8.1
21.4

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 2.69
NOC's Dividend Yield is ranked higher than
85% of the 245 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.23 vs. NOC: 2.69 )
NOC' s 10-Year Dividend Yield Range
Min: 1.36   Max: 5.11
Current: 2.69
1.36
5.11
Dividend Payout 0.2795
NOC's Dividend Payout is ranked higher than
80% of the 129 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.40 vs. NOC: 0.2795 )
NOC' s 10-Year Dividend Payout Range
Min: 0.19   Max: 2.94
Current: 0.28
0.19
2.94
Dividend growth (3y) 6.2
NOC's Dividend growth (3y) is ranked higher than
91% of the 245 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.00 vs. NOC: 6.2 )
NOC' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 13.6
Current: 6.2
0
13.6
Yield on cost (5-Year) 3.99
NOC's Yield on cost (5-Year) is ranked higher than
84% of the 245 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.31 vs. NOC: 3.99 )
NOC' s 10-Year Yield on cost (5-Year) Range
Min: 2.01   Max: 7.54
Current: 3.99
2.01
7.54
Share Buyback Rate 5.9
NOC's Share Buyback Rate is ranked higher than
99% of the 245 Companies
in the Global Aerospace & Defense industry.

( Industry Median: -0.30 vs. NOC: 5.9 )
NOC' s 10-Year Share Buyback Rate Range
Min: 5.9   Max: -27
Current: 5.9

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 8
NOC's Price/Net Current Asset Value is ranked higher than
58% of the 207 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 7.40 vs. NOC: 8 )
NOC' s 10-Year Price/Net Current Asset Value Range
Min: 3   Max: 7.6
Current: 8
3
7.6
Price/DCF (Projected) 0.8
NOC's Price/DCF (Projected) is ranked higher than
88% of the 144 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.30 vs. NOC: 0.8 )
NOC' s 10-Year Price/DCF (Projected) Range
Min: 0.5   Max: 1
Current: 0.8
0.5
1
Price/Median PS Value 1.4
NOC's Price/Median PS Value is ranked higher than
51% of the 225 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.00 vs. NOC: 1.4 )
NOC' s 10-Year Price/Median PS Value Range
Min: 0.7   Max: 1.3
Current: 1.4
0.7
1.3
Price/Peter Lynch Fair Value 0.4
NOC's Price/Peter Lynch Fair Value is ranked higher than
97% of the 77 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.40 vs. NOC: 0.4 )
NOC' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.3   Max: 1.4
Current: 0.4
0.3
1.4
Earnings Yield (Greenblatt) 15.30
NOC's Earnings Yield (Greenblatt) is ranked higher than
96% of the 245 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 6.80 vs. NOC: 15.30 )
NOC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.4   Max: 21.9
Current: 15.3
0.4
21.9
Forward Rate of Return (Yacktman) 50.2
NOC's Forward Rate of Return (Yacktman) is ranked higher than
98% of the 245 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.45 vs. NOC: 50.2 )
NOC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -14.5   Max: 53.4
Current: 50.2
-14.5
53.4

Business Description

Northrop Grumman Corporation was originally formed in California in 1939 and was reincorporated in Delaware in 1985. The Company provides technologically advanced, innovative products, services, and integrated solutions in information and services, aerospace, electronics, and shipbuilding to its global customers. It is an integrated enterprise consisting of businesses that cover the entire global security spectrum, from undersea to outer space and into cyberspace. As a key contractor, main subcontractor, partner, or preferred supplier, Northrop Grumman participates in many high-priority defense and commercial technology programs in the U.S. and abroad. It also conducts business with local, state, and foreign governments and domestic and international commercial customers. The Company currently aligned into four operating segments: Aerospace Systems, Electronic Systems, Information Systems, and Technical Services. Aerospace Systems engaged in designing, development, integration and production of manned and unmanned aircraft, spacecraft, high-energy laser systems, microelectronics and other systems and subsystems. Aerospace Systems' customers are domestic government agencies. The segment consists of four business areas: Strike & Surveillance Systems; Space Systems; Battle Management & Engagement Systems; and Advanced Programs & Technology. Electronic Systems is engaged in the designing, development, manufacture, and support of solutions for sensing, understanding, anticipating, and controlling the environment for its global military, civil, and commercial customers and their operations. Electronic Systems provides a variety of defense electronics and systems, airborne fire control radars, situational awareness systems, early warning systems, airspace management systems, navigation systems, communications systems, marine systems, space systems, and logistics services. The segment consists of five business areas: Intelligence, Surveillance, & Reconnaissance Systems; Land & Self Protection Systems; Naval & Marine Systems; Navigation Systems; and Targeting Systems. Information Systems is a provider of advanced solutions for the DoD, national intelligence, federal civilian, state and local agencies, and commercial and international customers. Products and services focus on the fields of command, control, communications, computers (C4) and intelligence; airborne reconnaissance; intelligence processing; air and missile defense; decision support systems; cybersecurity; information technology; and systems engineering and integration. The segment consists of three business areas: Defense Systems; Intelligence Systems; and Civil Systems. Technical Services is a provider of logistics, infrastructure, and sustainment support, while also providing an array of modernization, high technology, and training and simulation services. The segment consists of three business areas: Defense and Government Services; Training Solutions; and Integrated Logis
Company Website
SEC Reports
Industry: Aerospace & Defense
Compare:BA, ERJ, EADSY, RYCEY, HON
Traded in other countries:NTH.Germany
ยป More Articles for NOC

Headlines

Articles On GuruFocus.com
13 Dividend Stocks Delivering What's Important May 20 2013 
My Favorite Industrial Dividend Stocks With Low Forward P/E May 11 2013 
Raytheon Company (RTN) Dividend Stock Analysis Apr 25 2013 
comment on NOC Apr 18 2013 
Lockheed Martin Corp. (LMT) Dividend Stock Analysis Feb 08 2013 
Defense Stocks May not Be Defensive Stocks Oct 17 2012 
52-Week High Companies: PRGO, NOC, RHHBY, NXY, PFE Oct 15 2012 
Lockheed Martin (NYSE:LMT) - Dividend Idea of the Week with a 4.95% Yield Oct 13 2012 
Raytheon Company (RTN) Dividend Stock Analysis Oct 12 2012 
Northrop Grumman's Accounting Improves, But Problems Linger Sep 21 2012 

More From Our Partners
NOC to Upgrade Navigation System - Analyst Blog Jun 18 2013 - ZACKS

Personalized Checklist





Within your circle of competence?
Macro economic environment favorable?
High quality business?
Enough margin of safety with stocks?
Gurus are buying?
Insiders are buying?
Management capable and shareholder friendly?
Catalyst for stock price to appreciate?
Your level of confidence with the research?

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK