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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 : 8/10

vs
industry
vs
history
Cash to Debt 0.23
LMT's Cash to Debt is ranked higher than
72% of the 323 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.48 vs. LMT: 0.23 )
LMT' s 10-Year Cash to Debt Range
Min: 0.03   Max: 0.68
Current: 0.23

0.03
0.68
Equity to Asset 0.09
LMT's Equity to Asset is ranked higher than
58% of the 315 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.36 vs. LMT: 0.09 )
LMT' s 10-Year Equity to Asset Range
Min: 0   Max: 0.37
Current: 0.09

0
0.37
Interest Coverage 16.45
LMT's Interest Coverage is ranked higher than
82% of the 217 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 12.95 vs. LMT: 16.45 )
LMT' s 10-Year Interest Coverage Range
Min: 1.81   Max: 16.45
Current: 16.45

1.81
16.45
F-Score: 7
Z-Score: 3.48
WACC vs ROIC
7.21%
49.16%
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 : 8/10

vs
industry
vs
history
Operating margin (%) 12.26
LMT's Operating margin (%) is ranked higher than
92% of the 326 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 7.52 vs. LMT: 12.26 )
LMT' s 10-Year Operating margin (%) Range
Min: 5.88   Max: 12.26
Current: 12.26

5.88
12.26
Net-margin (%) 7.93
LMT's Net-margin (%) is ranked higher than
89% of the 326 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 5.00 vs. LMT: 7.93 )
LMT' s 10-Year Net-margin (%) Range
Min: -4.36   Max: 7.93
Current: 7.93

-4.36
7.93
ROE (%) 82.10
LMT's ROE (%) is ranked higher than
100% of the 312 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 11.07 vs. LMT: 82.10 )
LMT' s 10-Year ROE (%) Range
Min: -15.38   Max: 527.88
Current: 82.1

-15.38
527.88
ROA (%) 9.80
LMT's ROA (%) is ranked higher than
95% of the 326 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 4.27 vs. LMT: 9.80 )
LMT' s 10-Year ROA (%) Range
Min: -3.6   Max: 10.61
Current: 9.8

-3.6
10.61
ROC (Joel Greenblatt) (%) 120.40
LMT's ROC (Joel Greenblatt) (%) is ranked higher than
99% of the 325 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 20.41 vs. LMT: 120.40 )
LMT' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 30.02   Max: 118.21
Current: 120.4

30.02
118.21
Revenue Growth (3Y)(%) 1.10
LMT's Revenue Growth (3Y)(%) is ranked higher than
72% of the 305 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 5.10 vs. LMT: 1.10 )
LMT' s 10-Year Revenue Growth (3Y)(%) Range
Min: -7   Max: 12.7
Current: 1.1

-7
12.7
EBITDA Growth (3Y)(%) 11.70
LMT's EBITDA Growth (3Y)(%) is ranked higher than
87% of the 264 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 6.20 vs. LMT: 11.70 )
LMT' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -25.5   Max: 29.6
Current: 11.7

-25.5
29.6
EPS Growth (3Y)(%) 12.60
LMT's EPS Growth (3Y)(%) is ranked higher than
88% of the 236 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 6.20 vs. LMT: 12.60 )
LMT' s 10-Year EPS Growth (3Y)(%) Range
Min: -66.4   Max: 204.7
Current: 12.6

-66.4
204.7
» LMT's 10-Y Financials

Financials


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

» Details

Guru Trades

Q1 2014

LMT Guru Trades in Q1 2014

Ray Dalio 21,437 sh (New)
Louis Moore Bacon 2,704 sh (New)
Joel Greenblatt 73,740 sh (+40.25%)
Manning & Napier Advisors, Inc 17,608 sh (+2.15%)
Tweedy Browne 210,922 sh (unchged)
Ruane Cunniff 2,750 sh (unchged)
Chris Davis Sold Out
Mario Gabelli 5,373 sh (-1.83%)
John Rogers 56,990 sh (-9.31%)
Ken Fisher 3,584 sh (-11.35%)
Jean-Marie Eveillard 2,729,711 sh (-19.74%)
Paul Tudor Jones 3,400 sh (-24.44%)
HOTCHKIS & WILEY 732,790 sh (-54.88%)
RS Investment Management 97,100 sh (-55.17%)
Jeremy Grantham 16,340 sh (-71.38%)
Steven Cohen 1,353 sh (-99.38%)
» More
Q2 2014

LMT Guru Trades in Q2 2014

Jim Simons 89,300 sh (New)
Joel Greenblatt 270,458 sh (+266.77%)
Manning & Napier Advisors, Inc 29,761 sh (+69.02%)
Ray Dalio 22,437 sh (+4.66%)
Ken Fisher 3,690 sh (+2.96%)
Paul Tudor Jones 3,426 sh (+0.76%)
RS Investment Management 97,610 sh (+0.53%)
Jean-Marie Eveillard 2,743,347 sh (+0.50%)
Louis Moore Bacon 2,704 sh (unchged)
Ruane Cunniff 2,750 sh (unchged)
Tweedy Browne 210,922 sh (unchged)
John Rogers 56,985 sh (-0.01%)
HOTCHKIS & WILEY 602,362 sh (-17.80%)
Mario Gabelli 3,673 sh (-31.64%)
Jeremy Grantham 10,344 sh (-36.70%)
» More
Q3 2014

LMT Guru Trades in Q3 2014

Caxton Associates 30,000 sh (New)
Manning & Napier Advisors, Inc 35,829 sh (+20.39%)
Ken Fisher 3,792 sh (+2.76%)
Jean-Marie Eveillard 2,752,420 sh (+0.33%)
RS Investment Management 97,610 sh (unchged)
Caxton Associates 75,000 sh (unchged)
Ruane Cunniff 2,750 sh (unchged)
HOTCHKIS & WILEY Sold Out
Jim Simons Sold Out
Paul Tudor Jones Sold Out
Ray Dalio Sold Out
Louis Moore Bacon Sold Out
Jeremy Grantham Sold Out
John Rogers 54,060 sh (-5.13%)
Mario Gabelli 2,973 sh (-19.06%)
Tweedy Browne 156,052 sh (-26.01%)
Joel Greenblatt 47,768 sh (-82.34%)
» More
Q4 2014

LMT Guru Trades in Q4 2014

Jim Simons 10,100 sh (New)
Steven Cohen 54,400 sh (New)
Manning & Napier Advisors, Inc 36,965 sh (+3.17%)
Tweedy Browne 156,052 sh (unchged)
Ruane Cunniff 2,750 sh (unchged)
Mario Gabelli 2,973 sh (unchged)
RS Investment Management Sold Out
Caxton Associates Sold Out
Ken Fisher 3,790 sh (-0.05%)
Jean-Marie Eveillard 2,717,382 sh (-1.27%)
Joel Greenblatt 47,048 sh (-1.51%)
John Rogers 47,310 sh (-12.49%)
» More
» Details

Insider Trades

Latest Guru Trades with LMT

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



No Guru Trades Found!
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Peter Lynch Chart ( What is Peter Lynch Charts )

Guru Investment Theses on Lockheed Martin Corp

Meridian Funds Comments on Lockheed Martin Corp - Jun 20, 2014

Lockheed Martin Corp. (LMT) was the second largest contributor to Fund returns during the period. The company fared well as earnings grew better than expected despite budget related pressures on the defense industry. We believe that Lockheed Martin will experience continued earnings growth, and its low payout ratio indicates a strong possibility of future dividend increases.



From Meridian Funds's semi-annual report ended December 31, 2013.



Check out Meridian Funds latest stock trades

Top Ranked Articles about Lockheed Martin Corp

Meridian Funds Comments on Lockheed Martin Corp
Lockheed Martin Corp. (LMT) was the second largest contributor to Fund returns during the period. The company fared well as earnings grew better than expected despite budget related pressures on the defense industry. We believe that Lockheed Martin will experience continued earnings growth, and its low payout ratio indicates a strong possibility of future dividend increases. Read more...
Pfizer and Lockheed Martin Top Dividend Growers of the Week
During the past week, GuruFocus recognized four companies as dividend growers. In order to be qualified for this list, the company had to: Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 18.30
LMT's P/E(ttm) is ranked higher than
89% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 24.20 vs. LMT: 18.30 )
LMT' s 10-Year P/E(ttm) Range
Min: 7.56   Max: 21.77
Current: 18.3

7.56
21.77
Forward P/E 16.16
LMT's Forward P/E is ranked higher than
76% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 17.01 vs. LMT: 16.16 )
N/A
PE(NRI) 18.20
LMT's PE(NRI) is ranked higher than
89% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 24.10 vs. LMT: 18.20 )
LMT' s 10-Year PE(NRI) Range
Min: 7.55   Max: 21.77
Current: 18.2

7.55
21.77
P/B 19.00
LMT's P/B is ranked higher than
53% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.91 vs. LMT: 19.00 )
LMT' s 10-Year P/B Range
Min: 2.93   Max: 783.08
Current: 19

2.93
783.08
P/S 1.40
LMT's P/S is ranked higher than
64% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.25 vs. LMT: 1.40 )
LMT' s 10-Year P/S Range
Min: 0.53   Max: 1.44
Current: 1.4

0.53
1.44
PFCF 21.70
LMT's PFCF is ranked higher than
84% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 45.40 vs. LMT: 21.70 )
LMT' s 10-Year PFCF Range
Min: 6.26   Max: 49.98
Current: 21.7

6.26
49.98
POCF 17.07
LMT's POCF is ranked higher than
79% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 16.00 vs. LMT: 17.07 )
LMT' s 10-Year POCF Range
Min: 5.01   Max: 20.12
Current: 17.07

5.01
20.12
EV-to-EBIT 12.34
LMT's EV-to-EBIT is ranked higher than
91% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 17.11 vs. LMT: 12.34 )
LMT' s 10-Year EV-to-EBIT Range
Min: 5.6   Max: 15
Current: 12.34

5.6
15
PEG 2.46
LMT's PEG is ranked higher than
87% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 20.54 vs. LMT: 2.46 )
LMT' s 10-Year PEG Range
Min: 0.33   Max: 80.48
Current: 2.46

0.33
80.48
Shiller P/E 22.60
LMT's Shiller P/E is ranked higher than
82% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 30.09 vs. LMT: 22.60 )
LMT' s 10-Year Shiller P/E Range
Min: 9.29   Max: 116.75
Current: 22.6

9.29
116.75
Current Ratio 1.11
LMT's Current Ratio is ranked higher than
63% of the 325 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.45 vs. LMT: 1.11 )
LMT' s 10-Year Current Ratio Range
Min: 1.01   Max: 1.55
Current: 1.11

1.01
1.55
Quick Ratio 0.85
LMT's Quick Ratio is ranked higher than
70% of the 322 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.99 vs. LMT: 0.85 )
LMT' s 10-Year Quick Ratio Range
Min: 0.62   Max: 1.02
Current: 0.85

0.62
1.02
Days Inventory 25.97
LMT's Days Inventory is ranked higher than
96% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 121.14 vs. LMT: 25.97 )
LMT' s 10-Year Days Inventory Range
Min: 16.37   Max: 66.51
Current: 25.97

16.37
66.51
Days Sales Outstanding 5.08
LMT's Days Sales Outstanding is ranked higher than
99% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 60.41 vs. LMT: 5.08 )
LMT' s 10-Year Days Sales Outstanding Range
Min: 3.76   Max: 67.89
Current: 5.08

3.76
67.89

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.80
LMT's Dividend Yield is ranked higher than
80% of the 234 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.71 vs. LMT: 2.80 )
LMT' s 10-Year Dividend Yield Range
Min: 1.22   Max: 4.88
Current: 2.8

1.22
4.88
Dividend Payout 0.49
LMT's Dividend Payout is ranked higher than
82% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.65 vs. LMT: 0.49 )
LMT' s 10-Year Dividend Payout Range
Min: 0.21   Max: 0.89
Current: 0.49

0.21
0.89
Dividend growth (3y) 19.10
LMT's Dividend growth (3y) is ranked higher than
89% of the 176 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 12.60 vs. LMT: 19.10 )
LMT' s 10-Year Dividend growth (3y) Range
Min: -20.6   Max: 33.6
Current: 19.1

-20.6
33.6
Yield on cost (5-Year) 6.88
LMT's Yield on cost (5-Year) is ranked higher than
90% of the 241 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.21 vs. LMT: 6.88 )
LMT' s 10-Year Yield on cost (5-Year) Range
Min: 3   Max: 11.99
Current: 6.88

3
11.99
Share Buyback Rate 1.70
LMT's Share Buyback Rate is ranked higher than
95% of the 257 Companies
in the Global Aerospace & Defense industry.

( Industry Median: -0.50 vs. LMT: 1.70 )
LMT' s 10-Year Share Buyback Rate Range
Min: 6   Max: -5.4
Current: 1.7

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 2.10
LMT's Price/DCF (Projected) is ranked higher than
79% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.12 vs. LMT: 2.10 )
LMT' s 10-Year Price/DCF (Projected) Range
Min: 0.64   Max: 2
Current: 2.1

0.64
2
Price/Median PS Value 1.90
LMT's Price/Median PS Value is ranked higher than
66% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.37 vs. LMT: 1.90 )
LMT' s 10-Year Price/Median PS Value Range
Min: 0.43   Max: 1.79
Current: 1.9

0.43
1.79
Price/Peter Lynch Fair Value 2.40
LMT's Price/Peter Lynch Fair Value is ranked higher than
86% of the 341 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.00 vs. LMT: 2.40 )
LMT' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.45   Max: 2.92
Current: 2.4

0.45
2.92
Earnings Yield (Greenblatt) 8.20
LMT's Earnings Yield (Greenblatt) is ranked higher than
90% of the 324 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 5.90 vs. LMT: 8.20 )
LMT' s 10-Year Earnings Yield (Greenblatt) Range
Min: 6.7   Max: 17.9
Current: 8.2

6.7
17.9
Forward Rate of Return (Yacktman) 11.48
LMT's Forward Rate of Return (Yacktman) is ranked higher than
81% of the 260 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 11.83 vs. LMT: 11.48 )
LMT' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -4.5   Max: 35.2
Current: 11.48

-4.5
35.2

Business Description

Industry: Aerospace & Defense » Aerospace & Defense
Compare:BA, ERJ, EADSY, RYCEY, HON » details
Traded in other countries:LOM.Germany, LMTB34.Brazil, LMT.Mexico, LMT.Argentina, LMT.Switzerland,
Lockheed Martin Corp was formed in 1995 by combining the businesses of Lockheed Corporation and Martin Marietta Corporation. It is a Maryland corporation. It is a security company that is principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products. It also provides a range of management, engineering, technical, scientific, logistic, and information services. The Company serves both domestic and international customers with products and services that have defense, civil, and commercial applications, with its principal customers being agencies of the U.S. Government. The Company operates in four principal business segments: Aeronautics, Electronic Systems, Information Systems & Global Services and Space Systems. Aeronautics is engaged in the research, design, development, manufacture, integration, sustainment, support, and upgrade of advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies. The Company's Electronic Systems segment manages complex programs and designs, develops, and integrates hardware and software solutions to ensure the mission readiness of armed forces and government agencies worldwide. Major lines of business include: air and missile defense; tactical missiles; weapon fire control systems; surface ship and submarine combat systems, anti-submarine and undersea warfare systems; land, sea-based, and airborne radars; surveillance and reconnaissance systems; simulation and training systems; and integrated logistics and sustainment services. The Company's Information Systems & Global Services (IS&GS) segment provides federal services, Information Technology (IT) solutions, and advanced technology expertise across a broad spectrum of applications and customers. IS&GS provides full life-cycle support and highly specialized talent in the areas of software and systems engineering, including capabilities in space, air, and ground systems, and also provides logistics, mission operation support, peacekeeping, and nation-building services for a variety of defense and civil government agencies in the U.S. and abroad. Space Systems is engaged in the design, research and development, engineering, and production of satellites, strategic and defensive missile systems, and space transportation systems, including activities related to the Space Shuttle and its planned replacement. The Company businesses are heavily regulated in most of its fields of endeavor. The Company deals with numerous U.S. Government agencies and entities, including all of the branches of the U.S. military, NASA, the U.S. Postal Service, the Social Security Administration, and the Departments of Defense, Energy, Justice, Health and Human Services, Homeland Security, State, and Transportation. Similar government authorities exist in other countries and regulate its international efforts.
» More Articles for LMT

Headlines

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