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GuruFocus Financial Strength Rank measures how strong a company’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 : 7/10

vs
industry
vs
history
Cash to Debt 0.57
NOC's Cash to Debt is ranked higher than
82% of the 323 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.55 vs. NOC: 0.57 )
NOC' s 10-Year Cash to Debt Range
Min: 0   Max: 1.01
Current: 0.57

0
1.01
Equity to Asset 0.40
NOC's Equity to Asset is ranked higher than
64% of the 317 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.36 vs. NOC: 0.40 )
NOC' s 10-Year Equity to Asset Range
Min: 0.16   Max: 0.53
Current: 0.4

0.16
0.53
Interest Coverage 12.15
NOC's Interest Coverage is ranked higher than
78% of the 216 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 12.95 vs. NOC: 12.15 )
NOC' s 10-Year Interest Coverage Range
Min: 2.6   Max: 14.82
Current: 12.15

2.6
14.82
F-Score: 5
Z-Score: 3.50
M-Score: -2.47
WACC vs ROIC
6.31%
19.26%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’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.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

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 : 7/10

vs
industry
vs
history
Operating margin (%) 13.33
NOC's Operating margin (%) is ranked higher than
94% of the 326 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 7.09 vs. NOC: 13.33 )
NOC' s 10-Year Operating margin (%) Range
Min: -0.81   Max: 14.41
Current: 13.33

-0.81
14.41
Net-margin (%) 8.63
NOC's Net-margin (%) is ranked higher than
90% of the 326 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 5.29 vs. NOC: 8.63 )
NOC' s 10-Year Net-margin (%) Range
Min: -3.91   Max: 8.02
Current: 8.63

-3.91
8.02
ROE (%) 21.29
NOC's ROE (%) is ranked higher than
94% of the 312 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 11.07 vs. NOC: 21.29 )
NOC' s 10-Year ROE (%) Range
Min: -8.53   Max: 19.93
Current: 21.29

-8.53
19.93
ROA (%) 8.03
NOC's ROA (%) is ranked higher than
92% of the 326 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 4.58 vs. NOC: 8.03 )
NOC' s 10-Year ROA (%) Range
Min: -3.97   Max: 7.61
Current: 8.03

-3.97
7.61
ROC (Joel Greenblatt) (%) 112.12
NOC's ROC (Joel Greenblatt) (%) is ranked higher than
99% of the 325 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 20.41 vs. NOC: 112.12 )
NOC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -5.55   Max: 109.71
Current: 112.12

-5.55
109.71
Revenue Growth (3Y)(%) 4.10
NOC's Revenue Growth (3Y)(%) is ranked higher than
82% of the 303 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 5.20 vs. NOC: 4.10 )
NOC' s 10-Year Revenue Growth (3Y)(%) Range
Min: -7.2   Max: 12.5
Current: 4.1

-7.2
12.5
EBITDA Growth (3Y)(%) 13.40
NOC's EBITDA Growth (3Y)(%) is ranked higher than
83% of the 267 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 6.80 vs. NOC: 13.40 )
NOC' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -51.3   Max: 137.5
Current: 13.4

-51.3
137.5
EPS Growth (3Y)(%) 9.70
NOC's EPS Growth (3Y)(%) is ranked higher than
83% of the 238 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 7.50 vs. NOC: 9.70 )
NOC' s 10-Year EPS Growth (3Y)(%) Range
Min: -22   Max: 29.2
Current: 9.7

-22
29.2
» NOC's 10-Y Financials

Financials


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

» Details

Guru Trades

Q1 2014

NOC Guru Trades in Q1 2014

Chuck Royce 1,500 sh (New)
Ray Dalio 33,788 sh (New)
Louis Moore Bacon 3,602 sh (New)
Pioneer Investments 54,869 sh (+108.28%)
Mario Gabelli 3,528 sh (+7.89%)
Ken Fisher 1,972 sh (+4.67%)
Richard Pzena 19,184 sh (-0.17%)
Manning & Napier Advisors, Inc 22,783 sh (-2.43%)
Jean-Marie Eveillard 5,353,264 sh (-8.63%)
David Dreman 1,932 sh (-10.43%)
HOTCHKIS & WILEY 806,881 sh (-11.57%)
Joel Greenblatt 151,081 sh (-11.63%)
Jeremy Grantham 20,567 sh (-69.65%)
Paul Tudor Jones 2,117 sh (-75.6%)
Jim Simons 98,500 sh (-77.55%)
Steven Cohen 12,011 sh (-96.15%)
» More
Q2 2014

NOC Guru Trades in Q2 2014

Jim Simons 518,000 sh (+425.89%)
Paul Tudor Jones 7,997 sh (+277.75%)
David Dreman 2,314 sh (+19.77%)
Joel Greenblatt 179,134 sh (+18.57%)
Ray Dalio 35,688 sh (+5.62%)
Mario Gabelli 3,528 sh (unchged)
Pioneer Investments 54,869 sh (unchged)
Richard Pzena Sold Out
Jeremy Grantham Sold Out
Manning & Napier Advisors, Inc Sold Out
Chuck Royce Sold Out
HOTCHKIS & WILEY 802,458 sh (-0.55%)
Ken Fisher 1,849 sh (-6.24%)
Louis Moore Bacon 3,261 sh (-9.47%)
Jean-Marie Eveillard 4,819,011 sh (-9.98%)
» More
Q3 2014

NOC Guru Trades in Q3 2014

Caxton Associates 80,000 sh (New)
David Dreman 2,423 sh (+4.71%)
Jean-Marie Eveillard 5,033,281 sh (+4.45%)
Mario Gabelli 3,528 sh (unchged)
Pioneer Investments 67,345 sh (unchged)
Caxton Associates 125,000 sh (unchged)
Paul Tudor Jones Sold Out
Jim Simons Sold Out
Louis Moore Bacon Sold Out
Ray Dalio Sold Out
Ken Fisher 1,800 sh (-2.65%)
HOTCHKIS & WILEY 779,159 sh (-2.9%)
Joel Greenblatt 9,208 sh (-94.86%)
» More
Q4 2014

NOC Guru Trades in Q4 2014

Jean-Marie Eveillard 6,109,074 sh (+21.37%)
Pioneer Investments 74,908 sh (+11.23%)
Ken Fisher 1,957 sh (+8.72%)
Mario Gabelli 3,528 sh (unchged)
Caxton Associates Sold Out
HOTCHKIS & WILEY Sold Out
David Dreman 1,844 sh (-23.9%)
Joel Greenblatt 6,803 sh (-26.12%)
» More
» Details

Insider Trades

Latest Guru Trades with NOC

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Jean-Marie Eveillard 2014-12-31 Add 21.37%0.39%$121.29 - $152.24 $ 163.2819%6109074
HOTCHKIS & WILEY 2014-12-31 Sold Out 0.37%$121.29 - $152.24 $ 163.2819%0
David Dreman 2014-12-31 Reduce -23.9%0.01%$121.29 - $152.24 $ 163.2819%1844
Joel Greenblatt 2014-12-31 Reduce -26.12%$121.29 - $152.24 $ 163.2819%6803
Joel Greenblatt 2014-09-30 Reduce -94.86%0.26%$119.35 - $133.66 $ 163.2829%9208
Ray Dalio 2014-09-30 Sold Out 0.03%$119.35 - $133.66 $ 163.2829%0
Jean-Marie Eveillard 2014-06-30 Reduce -9.98%0.18%$116.67 - $125.02 $ 163.2835%4819011
Richard Pzena 2014-06-30 Sold Out 0.01%$116.67 - $125.02 $ 163.2835%0
Jean-Marie Eveillard 2014-03-31 Reduce -8.63%0.16%$110.8 - $124.3 $ 163.2838%5353264
Ray Dalio 2014-03-31 New Buy0.03%$110.8 - $124.3 $ 163.2838%33788
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 17.60
NOC's P/E(ttm) is ranked higher than
91% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 24.30 vs. NOC: 17.60 )
NOC' s 10-Year P/E(ttm) Range
Min: 6.88   Max: 22.2
Current: 17.6

6.88
22.2
Forward P/E 16.13
NOC's Forward P/E is ranked higher than
82% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 16.13 vs. NOC: 16.13 )
N/A
PE(NRI) 17.50
NOC's PE(NRI) is ranked higher than
91% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 24.20 vs. NOC: 17.50 )
NOC' s 10-Year PE(NRI) Range
Min: 6.97   Max: 22.6
Current: 17.5

6.97
22.6
P/B 4.60
NOC's P/B is ranked higher than
68% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.80 vs. NOC: 4.60 )
NOC' s 10-Year P/B Range
Min: 0.64   Max: 4.6
Current: 4.6

0.64
4.6
P/S 1.50
NOC's P/S is ranked higher than
75% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.19 vs. NOC: 1.50 )
NOC' s 10-Year P/S Range
Min: 0.32   Max: 1.56
Current: 1.5

0.32
1.56
PFCF 19.20
NOC's PFCF is ranked higher than
89% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 36.88 vs. NOC: 19.20 )
NOC' s 10-Year PFCF Range
Min: 4.71   Max: 23.46
Current: 19.2

4.71
23.46
POCF 15.38
NOC's POCF is ranked higher than
83% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 15.95 vs. NOC: 15.38 )
NOC' s 10-Year POCF Range
Min: 3.56   Max: 16.15
Current: 15.38

3.56
16.15
EV-to-EBIT 10.95
NOC's EV-to-EBIT is ranked higher than
94% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 16.96 vs. NOC: 10.95 )
NOC' s 10-Year EV-to-EBIT Range
Min: -169.3   Max: 14.3
Current: 10.95

-169.3
14.3
PEG 0.33
NOC's PEG is ranked higher than
92% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 36.69 vs. NOC: 0.33 )
NOC' s 10-Year PEG Range
Min: 0.13   Max: 18.47
Current: 0.33

0.13
18.47
Shiller P/E 26.90
NOC's Shiller P/E is ranked higher than
88% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 29.38 vs. NOC: 26.90 )
NOC' s 10-Year Shiller P/E Range
Min: 8.35   Max: 28.42
Current: 26.9

8.35
28.42
Current Ratio 1.47
NOC's Current Ratio is ranked higher than
73% of the 325 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.43 vs. NOC: 1.47 )
NOC' s 10-Year Current Ratio Range
Min: 0.89   Max: 1.7
Current: 1.47

0.89
1.7
Quick Ratio 1.35
NOC's Quick Ratio is ranked higher than
83% of the 322 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.97 vs. NOC: 1.35 )
NOC' s 10-Year Quick Ratio Range
Min: 0.59   Max: 1.56
Current: 1.35

0.59
1.56
Days Inventory 14.43
NOC's Days Inventory is ranked higher than
99% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 123.30 vs. NOC: 14.43 )
NOC' s 10-Year Days Inventory Range
Min: 13.86   Max: 93.02
Current: 14.43

13.86
93.02
Days Sales Outstanding 42.71
NOC's Days Sales Outstanding is ranked higher than
90% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 63.45 vs. NOC: 42.71 )
NOC' s 10-Year Days Sales Outstanding Range
Min: 36.7   Max: 74.66
Current: 42.71

36.7
74.66

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.70
NOC's Dividend Yield is ranked lower than
51% of the 229 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.77 vs. NOC: 1.70 )
NOC' s 10-Year Dividend Yield Range
Min: 1.52   Max: 5.11
Current: 1.7

1.52
5.11
Dividend Payout 0.28
NOC's Dividend Payout is ranked higher than
84% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.57 vs. NOC: 0.28 )
NOC' s 10-Year Dividend Payout Range
Min: 0.16   Max: 1.16
Current: 0.28

0.16
1.16
Dividend growth (3y) 9.00
NOC's Dividend growth (3y) is ranked higher than
83% of the 179 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 13.60 vs. NOC: 9.00 )
NOC' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 18.5
Current: 9

0
18.5
Yield on cost (5-Year) 2.57
NOC's Yield on cost (5-Year) is ranked higher than
62% of the 238 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.26 vs. NOC: 2.57 )
NOC' s 10-Year Yield on cost (5-Year) Range
Min: 2.3   Max: 7.72
Current: 2.57

2.3
7.72
Share Buyback Rate 8.10
NOC's Share Buyback Rate is ranked higher than
100% of the 256 Companies
in the Global Aerospace & Defense industry.

( Industry Median: -0.50 vs. NOC: 8.10 )
NOC' s 10-Year Share Buyback Rate Range
Min: 8.1   Max: -42.3
Current: 8.1

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 1.40
NOC's Price/DCF (Projected) is ranked higher than
88% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.00 vs. NOC: 1.40 )
NOC' s 10-Year Price/DCF (Projected) Range
Min: 0.49   Max: 2.21
Current: 1.4

0.49
2.21
Price/Median PS Value 2.20
NOC's Price/Median PS Value is ranked higher than
65% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.29 vs. NOC: 2.20 )
NOC' s 10-Year Price/Median PS Value Range
Min: 0.17   Max: 1.78
Current: 2.2

0.17
1.78
Price/Peter Lynch Fair Value 1.40
NOC's Price/Peter Lynch Fair Value is ranked higher than
92% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.00 vs. NOC: 1.40 )
NOC' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.28   Max: 4.47
Current: 1.4

0.28
4.47
Earnings Yield (Greenblatt) 9.10
NOC's Earnings Yield (Greenblatt) is ranked higher than
93% of the 323 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 5.90 vs. NOC: 9.10 )
NOC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 7   Max: 21.1
Current: 9.1

7
21.1
Forward Rate of Return (Yacktman) 16.54
NOC's Forward Rate of Return (Yacktman) is ranked higher than
86% of the 259 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 12.29 vs. NOC: 16.54 )
NOC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -28.6   Max: 94.8
Current: 16.54

-28.6
94.8

Business Description

Industry: Aerospace & Defense » Aerospace & Defense
Compare:BA, ERJ, EADSY, RYCEY, HON » details
Traded in other countries:NTH.Germany,
Northrop Grumman Corp was originally formed in California in 1939 and was reincorporated in Delaware in 1985 as Northrop Corporation. The Company is a security company that provides systems, products and solutions in unmanned systems, cybersecurity; command, control, communications and computers (C4) intelligence, surveillance, and reconnaissance (C4ISR); and logistics and modernization to government and commercial customers. The Company participates in defense and government services programs in the United States (U.S.) and abroad. It conducts its business with the U.S. Government, principally the Department of Defense (DoD) and intelligence community. It also conducts business with local, state, and foreign governments and domestic and international commercial customers. The Company has four sectors: Aerospace Systems, Electronic Systems, Information Systems and Technical Services. Aerospace Systems activities includes designing, development, integration and production of manned aircraft, unmanned systems, spacecraft, high-energy laser systems, microelectronics and other systems and subsystems. Electronic Systems activities includes designing, development, manufacture, and support of solutions for sensing, understanding, anticipating, and controlling the operating environment for its global military, civil, and commercial customers. 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 power and propulsion systems, space systems, and logistics services. The segment consists of three business areas: Intelligence, Surveillance, Reconnaissance & Targeting Systems; Land & Self Protection Systems; Navigation & Marine Systems. Information Systems is a provider of advanced solutions for the DoD, national intelligence, federal civilian, state and local agencies, and international allies, as well as certain commercial customers. Technical Services provides affordable logistics, modernization and sustainment support, and also provides an array of other advanced technology and engineering services, including space, missile defense, nuclear security, training and simulation. The segment consists of three business areas: Defense and Government Services; Training Solutions; and Integrated Logistics and Modernization. The Company competes with Airbus Group, BAE Systems, Boeing, Booz Allen Hamilton, Finmeccanica, General Dynamics, L-3 Communications, Leidos, Lockheed Martin, Raytheon and Thales. Its manufacturing operations are subject to and affected by federal, state, foreign, and local laws and regulations relating to the protection of the environment.
» More Articles for NOC

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