Lockheed Martin Corp

$ 350.14 1.06 (0.3%)
Volume: 1,035,473 Avg Vol (1m): 1,304,786
Market Cap $: 98.93 Bil Enterprise Value $: 111.92 Bil
P/E (TTM): 17.89 P/B: 40.39
Earnings Power Value 99.32
Net Current Asset Value -95.63
Tangible Book -41.26
Projected FCF 170.87
Median P/S Value 216.25
Graham Number 0
Peter Lynch Value 198.05
DCF (FCF Based) 118.21
DCF (Earnings Based) 213.45
1Y (-%)

Financial Strength : 5/10

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.
Current vs industry vs history
Cash-to-Debt 0.07
Cash-To-Debt ranked lower than
70.79% of 202 companies
in the Aerospace & Defense industry.
Industry Max: 31692.43, Med: 0.53, Min: -0.55
LMT: 0.07
Ranked among companies with meaningful Cash-To-Debt only.
Cash-To-Debt range over the past 10 years
Min: 0, Med: 0.34, Max: 0.78
Current: 0.07
0
0.78
Equity-to-Asset 0.05
Equity-to-Asset ranked lower than
93.07% of 202 companies
in the Aerospace & Defense industry.
Industry Max: 0.98, Med: 0.44, Min: -20.15
LMT: 0.05
Ranked among companies with meaningful Equity-to-Asset only.
Equity-to-Asset range over the past 10 years
Min: -0.02, Med: 0.21, Max: 0.38
Current: 0.05
-0.02
0.38
Debt-to-Equity 5.65
Debt-to-Equity ranked lower than
100.00% of 164 companies
in the Aerospace & Defense industry.
Industry Max: 31.32, Med: 0.5, Min: 0.01
LMT: 5.65
Ranked among companies with meaningful Debt-to-Equity only.
Debt-to-Equity range over the past 10 years
Min: -78.15, Med: 1.35, Max: 161.74
Current: 5.65
-78.15
161.74
Debt-to-EBITDA 1.68
Debt-to-EBITDA ranked higher than
59.87% of 152 companies
in the Aerospace & Defense industry.
Industry Max: 897.49, Med: 2.54, Min: 0.01
LMT: 1.68
Ranked among companies with meaningful Debt-to-EBITDA only.
Debt-to-EBITDA range over the past 10 years
Min: 0.92, Med: 1.23, Max: 2.65
Current: 1.68
0.92
2.65
Interest Coverage 11.54
Interest Coverage ranked lower than
55.35% of 159 companies
in the Aerospace & Defense industry.
Industry Max: 10000, Med: 12.39, Min: 0.03
LMT: 11.54
Ranked among companies with meaningful Interest Coverage only.
Interest Coverage range over the past 10 years
Min: 8.88, Med: 11.47, Max: 14.74
Current: 11.54
8.88
14.74
Piotroski F-Score 7
0
1
2
3
4
5
6
7
8
9
Altman Z-Score 3.53
DISTRESS
GREY
SAFE
WACC vs ROIC %
ROIC 48.87%
WACC 9.05%

Profitability & Growth : 8/10

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.
Current vs industry vs history
Operating Margin % 13.98
Operating Margin ranked higher than
74.38% of 203 companies
in the Aerospace & Defense industry.
Industry Max: 106.77, Med: 5.39, Min: -47817.23
LMT: 13.98
Ranked among companies with meaningful Operating Margin only.
Operating Margin range over the past 10 years
Min: 8.65, Med: 10.78, Max: 13.98
Current: 13.98
8.65
13.98
Net Margin % 9.91
Net Margin ranked higher than
50.25% of 203 companies
in the Aerospace & Defense industry.
Industry Max: 409.5, Med: 3.92, Min: -47694.39
LMT: 9.91
Ranked among companies with meaningful Net Margin only.
Net Margin range over the past 10 years
Min: 3.93, Med: 6.68, Max: 10.94
Current: 9.91
3.93
10.94
ROE % 555.30
ROE ranked higher than
98.94% of 188 companies
in the Aerospace & Defense industry.
Industry Max: 12960.44, Med: 7.18, Min: -221.93
LMT: 555.3
Ranked among companies with meaningful ROE only.
ROE range over the past 10 years
Min: 75.48, Med: 119.16, Max: 1855.15
Current: 555.3
75.48
1855.15
ROA % 12.17
ROA ranked higher than
61.76% of 204 companies
in the Aerospace & Defense industry.
Industry Max: 25.4, Med: 2.78, Min: -550
LMT: 12.17
Ranked among companies with meaningful ROA only.
ROA range over the past 10 years
Min: 4.16, Med: 8.28, Max: 12.17
Current: 12.17
4.16
12.17
ROC (Joel Greenblatt) % 119.64
ROC (Joel Greenblatt) ranked higher than
95.05% of 202 companies
in the Aerospace & Defense industry.
Industry Max: 257.9, Med: 10.11, Min: -4842.58
LMT: 119.64
Ranked among companies with meaningful ROC (Joel Greenblatt) only.
ROC (Joel Greenblatt) range over the past 10 years
Min: 86.96, Med: 96, Max: 119.64
Current: 119.64
86.96
119.64
3-Year Total Revenue Growth Rate 9.90
3-Year Revenue Growth Rate ranked higher than
81.22% of 181 companies
in the Aerospace & Defense industry.
Industry Max: 158.5, Med: 4.3, Min: -100
LMT: 13.3
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
3-Year Revenue Growth Rate range over the past 10 years
Min: -7, Med: 7.35, Max: 13.3
Current: 13.3
-7
13.3
3-Year Total EBITDA Growth Rate 10.00
3-Year EBITDA Growth Rate ranked higher than
61.04% of 154 companies
in the Aerospace & Defense industry.
Industry Max: 211.7, Med: 5.6, Min: -88.1
LMT: 13.4
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
3-Year EBITDA Growth Rate range over the past 10 years
Min: -25.5, Med: 8.7, Max: 29.7
Current: 13.4
-25.5
29.7
3-Year EPS w/o NRI Growth Rate 21.00
3-Year EPS w/o NRI Growth Rate ranked lower than
72.79% of 136 companies
in the Aerospace & Defense industry.
Industry Max: 200, Med: 7.7, Min: -150.7
LMT: 21
Ranked among companies with meaningful 3-Year EPS w/o NRI Growth Rate only.
3-Year EPS w/o NRI Growth Rate range over the past 10 years
Min: 0, Med: 8.55, Max: 204.7
Current: 21
0
204.7

» LMT's 30-Y Financials

Financials (Next Earnings Date: 2019-07-24)

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Business Description

Industry Aerospace & Defense » Aerospace & Defense    NAICS : 336414    SIC : 3761
Compare XPAR:AIR NYSE:UTX XPAR:SAF NYSE:NOC NYSE:RTN NYSE:GD NYSE:TDG XPAR:HO NYSE:COL LSE:RR. NYSE:LLL LSE:BA. SHSE:601989 NYSE:HEI.A XTER:MTX XPAR:AM NYSE:TXT SGX:S63 NYSE:SPR NYSE:HII
Traded in other countries LMTB34.Brazil LOM.Germany 0R3E.UK
Address 6801 Rockledge Drive, Bethesda, MD, USA, 20817-1877
Lockheed Martin is the largest defense contractor in the world and is the undisputed leader in next-generation fighter aircraft, after being awarded the F-35 program in 2001. Total sales for Lockheed in 2017 stood at $50 billion. Aeronautics is the largest business segment, accounting for about 40% sales. The remainder of the company's sales are generated by rotary and mission systems (27%), space systems (18%), and missiles and fire control (15%).

Ratios

Current vs industry vs history
PE Ratio (TTM) 17.89
PE Ratio ranked lower than
76.98% of 139 companies
in the Aerospace & Defense industry.
Industry Max: 1095.24, Med: 24.7, Min: 0.05
LMT: 17.89
Ranked among companies with meaningful PE Ratio only.
PE Ratio range over the past 10 years
Min: 7.55, Med: 14.46, Max: 51.21
Current: 17.89
7.55
51.21
Forward PE Ratio 17.48
Forward P/E ranked lower than
69.49% of 59 companies
in the Aerospace & Defense industry.
Industry Max: 58.14, Med: 19.8, Min: 5.98
LMT: 17.48
Ranked among companies with meaningful Forward P/E only.
N/A
PE Ratio without NRI 17.89
PE without NRI ranked lower than
79.14% of 139 companies
in the Aerospace & Defense industry.
Industry Max: 1095.24, Med: 24.7, Min: 0.05
LMT: 17.89
Ranked among companies with meaningful PE without NRI only.
PE without NRI range over the past 10 years
Min: 7.67, Med: 15.27, Max: 53.1
Current: 17.89
7.67
53.1
Price-to-Owner-Earnings 32.86
Price-to-Owner-Earnings ranked lower than
80.22% of 91 companies
in the Aerospace & Defense industry.
Industry Max: 952.79, Med: 22.25, Min: 1.12
LMT: 32.86
Ranked among companies with meaningful Price-to-Owner-Earnings only.
Price-to-Owner-Earnings range over the past 10 years
Min: 5.89, Med: 15.38, Max: 172.35
Current: 32.86
5.89
172.35
PB Ratio 40.39
PB Ratio ranked lower than
100.00% of 187 companies
in the Aerospace & Defense industry.
Industry Max: 589.88, Med: 2.22, Min: 0.15
LMT: 40.39
Ranked among companies with meaningful PB Ratio only.
PB Ratio range over the past 10 years
Min: 2.92, Med: 17.73, Max: 776.61
Current: 40.39
2.92
776.61
PS Ratio 1.77
PS Ratio ranked lower than
62.18% of 193 companies
in the Aerospace & Defense industry.
Industry Max: 2500, Med: 1.43, Min: 0.01
LMT: 1.77
Ranked among companies with meaningful PS Ratio only.
PS Ratio range over the past 10 years
Min: 0.53, Med: 1.1, Max: 2.1
Current: 1.77
0.53
2.1
Price-to-Free-Cash-Flow 35.32
Price-to-Free-Cash-Flow ranked higher than
60.00% of 90 companies
in the Aerospace & Defense industry.
Industry Max: 313.86, Med: 22.96, Min: 0.09
LMT: 35.32
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
Price-to-Free-Cash-Flow range over the past 10 years
Min: 6.26, Med: 15, Max: 90.51
Current: 35.32
6.26
90.51
Price-to-Operating-Cash-Flow 23.95
Price-to-Operating-Cash-Flow ranked lower than
60.55% of 109 companies
in the Aerospace & Defense industry.
Industry Max: 537.74, Med: 13.84, Min: 0.06
LMT: 23.95
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
Price-to-Operating-Cash-Flow range over the past 10 years
Min: 5.01, Med: 11.78, Max: 41.12
Current: 23.95
5.01
41.12
EV-to-EBIT 15.75
EV-to-EBIT ranked higher than
56.13% of 155 companies
in the Aerospace & Defense industry.
Industry Max: 370.68, Med: 19.18, Min: 0.11
LMT: 15.75
Ranked among companies with meaningful EV-to-EBIT only.
EV-to-EBIT range over the past 10 years
Min: 5.1, Med: 10.95, Max: 19.6
Current: 15.75
5.1
19.6
EV-to-EBITDA 13.54
EV-to-EBITDA ranked lower than
58.08% of 167 companies
in the Aerospace & Defense industry.
Industry Max: 1225.68, Med: 13.86, Min: 0.11
LMT: 13.54
Ranked among companies with meaningful EV-to-EBITDA only.
EV-to-EBITDA range over the past 10 years
Min: 4.4, Med: 9, Max: 16.3
Current: 13.54
4.4
16.3
EV-to-Revenue 1.98
EV-to-Revenue ranked lower than
56.50% of 200 companies
in the Aerospace & Defense industry.
Industry Max: 2445, Med: 1.7, Min: 0.02
LMT: 1.98
Ranked among companies with meaningful EV-to-Revenue only.
EV-to-Revenue range over the past 10 years
Min: 0.6, Med: 1.1, Max: 2.3
Current: 1.98
0.6
2.3
PEG Ratio 1.81
PEG Ratio ranked lower than
73.77% of 61 companies
in the Aerospace & Defense industry.
Industry Max: 159.5, Med: 2.47, Min: 0.39
LMT: 1.81
Ranked among companies with meaningful PEG Ratio only.
PEG Ratio range over the past 10 years
Min: 0.33, Med: 2.72, Max: 7.39
Current: 1.81
0.33
7.39
Shiller PE Ratio 29.57
Shiller PE Ratio ranked higher than
51.69% of 89 companies
in the Aerospace & Defense industry.
Industry Max: 464, Med: 33.61, Min: 5.43
LMT: 29.57
Ranked among companies with meaningful Shiller PE Ratio only.
Shiller PE Ratio range over the past 10 years
Min: 12.78, Med: 22.59, Max: 41.82
Current: 29.57
12.78
41.82
Current Ratio 1.17
Current Ratio ranked lower than
65.15% of 198 companies
in the Aerospace & Defense industry.
Industry Max: 40.67, Med: 1.62, Min: 0.01
LMT: 1.17
Ranked among companies with meaningful Current Ratio only.
Current Ratio range over the past 10 years
Min: 1, Med: 1.15, Max: 1.58
Current: 1.17
1
1.58
Quick Ratio 0.96
Quick Ratio ranked lower than
54.82% of 197 companies
in the Aerospace & Defense industry.
Industry Max: 40.67, Med: 1.15, Min: 0.01
LMT: 0.96
Ranked among companies with meaningful Quick Ratio only.
Quick Ratio range over the past 10 years
Min: 0.62, Med: 0.89, Max: 1.13
Current: 0.96
0.62
1.13
Days Inventory 23.35
Days Inventory ranked higher than
85.64% of 188 companies
in the Aerospace & Defense industry.
Industry Max: 829.75, Med: 128.86, Min: 1
LMT: 23.35
Ranked among companies with meaningful Days Inventory only.
Days Inventory range over the past 10 years
Min: 18.77, Med: 24.64, Max: 41.34
Current: 23.35
18.77
41.34
Days Sales Outstanding 18.31
Days Sales Outstanding ranked higher than
94.67% of 169 companies
in the Aerospace & Defense industry.
Industry Max: 781.43, Med: 66.94, Min: 1
LMT: 18.31
Ranked among companies with meaningful Days Sales Outstanding only.
Days Sales Outstanding range over the past 10 years
Min: 16.55, Med: 49.02, Max: 65.32
Current: 18.31
16.55
65.32
Days Payable 23.23
Days Payable ranked lower than
93.59% of 156 companies
in the Aerospace & Defense industry.
Industry Max: 841.1, Med: 59.17, Min: -334.28
LMT: 23.23
Ranked among companies with meaningful Days Payable only.
Days Payable range over the past 10 years
Min: 12.28, Med: 16.74, Max: 23.23
Current: 23.23
12.28
23.23

Dividend & Buy Back

Current vs industry vs history
Dividend Yield % 2.46
Trailing Dividend Yield ranked higher than
79.13% of 254 companies
in the Aerospace & Defense industry.
Industry Max: 28.33, Med: 1.27, Min: 0.06
LMT: 2.46
Ranked among companies with meaningful Trailing Dividend Yield only.
Trailing Dividend Yield range over the past 10 years
Min: 1.38, Med: 2.91, Max: 4.88
Current: 2.46
1.38
4.88
Dividend Payout Ratio 0.43
Dividend Payout Ratio ranked lower than
92.19% of 128 companies
in the Aerospace & Defense industry.
Industry Max: 2.09, Med: 0.28, Min: 0.02
LMT: 0.43
Ranked among companies with meaningful Dividend Payout Ratio only.
Dividend Payout Ratio range over the past 10 years
Min: 0.31, Med: 0.51, Max: 1.15
Current: 0.43
0.31
1.15
3-Year Dividend Growth Rate (Per Share) 10.10
3-Year Dividend Growth Rate ranked higher than
69.32% of 88 companies
in the Aerospace & Defense industry.
Industry Max: 163, Med: 4.1, Min: -100
LMT: 10.1
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
3-Year Dividend Growth Rate range over the past 10 years
Min: 0, Med: 15, Max: 33.6
Current: 10.1
0
33.6
Forward Dividend Yield % 2.51
Forward Dividend Yield ranked higher than
79.58% of 240 companies
in the Aerospace & Defense industry.
Industry Max: 45.57, Med: 1.49, Min: 0.06
LMT: 2.51
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield-on-Cost (5-Year) % 4.20
Yield-on-Cost (5y) ranked higher than
79.20% of 327 companies
in the Aerospace & Defense industry.
Industry Max: 987.24, Med: 2.07, Min: 0.04
LMT: 4.2
Ranked among companies with meaningful Yield-on-Cost (5y) only.
Yield-on-Cost (5y) range over the past 10 years
Min: 2.35, Med: 4.95, Max: 8.3
Current: 4.2
2.35
8.3
3-Year Share Buyback Rate 2.70
3-Year Share Buyback Rate ranked higher than
91.60% of 131 companies
in the Aerospace & Defense industry.
Industry Max: 6.8, Med: -3.1, Min: -900
LMT: 2.7
Ranked among companies with meaningful 3-Year Share Buyback Rate only.
3-Year Share Buyback Rate range over the past 10 years
Min: -4.6, Med: 1.55, Max: 6.5
Current: 2.7
-4.6
6.5

Valuation & Return

Current vs industry vs history
Price-to-Projected-FCF 2.05
Price-to-Intrinsic-Value-Projected-FCF ranked lower than
71.70% of 106 companies
in the Aerospace & Defense industry.
Industry Max: 51.27, Med: 1.84, Min: 0.02
LMT: 2.05
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
Price-to-Intrinsic-Value-Projected-FCF range over the past 10 years
Min: 0.63, Med: 1.32, Max: 2.65
Current: 2.05
0.63
2.65
Price-to-DCF (Earnings Based) 1.64
Price-to-Intrinsic-Value-DCF (Earnings Based) ranked lower than
87.10% of 31 companies
in the Aerospace & Defense industry.
Industry Max: 22.77, Med: 2.32, Min: 0.77
LMT: 1.64
Ranked among companies with meaningful Price-to-Intrinsic-Value-DCF (Earnings Based) only.
Price-to-Intrinsic-Value-DCF (Earnings Based) range over the past 10 years
Min: 0.36, Med: 1.03, Max: 4.42
Current: 1.64
0.36
4.42
Price-to-Median-PS-Value 1.62
Price-to-Median-PS-Value ranked lower than
82.72% of 162 companies
in the Aerospace & Defense industry.
Industry Max: 22.18, Med: 1.08, Min: 0.16
LMT: 1.62
Ranked among companies with meaningful Price-to-Median-PS-Value only.
Price-to-Median-PS-Value range over the past 10 years
Min: 0.29, Med: 0.7, Max: 1.77
Current: 1.62
0.29
1.77
Price-to-Peter-Lynch-Fair-Value 1.77
Price-to-Peter-Lynch-Fair-Value ranked lower than
90.91% of 44 companies
in the Aerospace & Defense industry.
Industry Max: 46.49, Med: 2, Min: 0.06
LMT: 1.77
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
Price-to-Peter-Lynch-Fair-Value range over the past 10 years
Min: 0.38, Med: 1.92, Max: 53.37
Current: 1.77
0.38
53.37
Earnings Yield (Joel Greenblatt) % 6.35
Earnings Yield (Greenblatt) ranked higher than
66.67% of 204 companies
in the Aerospace & Defense industry.
Industry Max: 909.09, Med: 3.57, Min: -10000
LMT: 6.35
Ranked among companies with meaningful Earnings Yield (Greenblatt) only.
Earnings Yield (Greenblatt) range over the past 10 years
Min: 5.1, Med: 9.15, Max: 19.5
Current: 6.35
5.1
19.5
Forward Rate of Return (Yacktman) % 13.69
Forward Rate of Return ranked higher than
65.00% of 120 companies
in the Aerospace & Defense industry.
Industry Max: 779.19, Med: 5.58, Min: -2702.52
LMT: 13.69
Ranked among companies with meaningful Forward Rate of Return only.
Forward Rate of Return range over the past 10 years
Min: 9.4, Med: 11.8, Max: 31.5
Current: 13.69
9.4
31.5

More Statistics

Revenue (TTM) (Mil) $ 56,463
EPS (TTM) $ 19.57
Beta 1.3
Volatility % 31.31
52-Week Range $ 241.18 - 358.63
Shares Outstanding (Mil) 282.54

Analyst Estimate

Piotroski F-Score Details

Piotroski F-Score 7
Positive ROA Y
Positive CFROA Y
Higher ROA yoy Y
CFROA > ROA N
Lower Leverage yoy Y
Higher Current Ratio yoy N
Less Shares Outstanding yoy Y
Higher Gross Margin yoy Y
Higher Asset Turnover yoy Y