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Lockheed Martin Corp  (NYSE:LMT) Enterprise Value: $111,260 Mil (As of Today)

Think of enterprise value as the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as enterprise value divided by its EBIT. As of today, Lockheed Martin Corp's enterprise value is $111,260 Mil. Lockheed Martin Corp's EBIT for the trailing twelve months (TTM) ended in Mar. 2019 was $7,107 Mil. Therefore, Lockheed Martin Corp's EV/EBIT ratio for today is 15.65.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Lockheed Martin Corp's enterprise value is $111,260 Mil. Lockheed Martin Corp's EBITDA for the trailing twelve months (TTM) ended in Mar. 2019 was $8,266 Mil. Therefore, Lockheed Martin Corp's EV/EBITDA ratio for today is 13.46.

EV-to-Revenue is calculated as enterprise value divided by its Revenue. As of today, Lockheed Martin Corp's enterprise value is $111,260 Mil. Lockheed Martin Corp's Revenue for the trailing twelve months (TTM) ended in Mar. 2019 was $56,463 Mil. Therefore, Lockheed Martin Corp's EV/Revenue ratio for today is 1.97.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Lockheed Martin Corp Annual Data

Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Enterprise Value Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 65,548.12 80,401.75 84,772.66 102,975.25 86,964.04

Lockheed Martin Corp Quarterly Data

Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
Enterprise Value Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 108,390.15 97,243.56 112,289.40 86,964.04 98,322.49

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Lockheed Martin Corp Distribution

* The bar in red indicates where Lockheed Martin Corp's Enterprise Value falls into.



Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Lockheed Martin Corp's Enterprise Value for the fiscal year that ended in Dec. 2018 is calculated as

Lockheed Martin Corp's Enterprise Value for the quarter that ended in Mar. 2019 is calculated as

Enterprise Value (Q: Mar. 2019 )
=Market Cap (M)+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=85335.488+0+12621
+Current Portion of Long-Term Debt+Minority Interest-Cash, Cash Equivalents, Marketable Securities
+1300+57-991
=98,322

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap (M) because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of enterprise value.

For the companies with the same Market Cap (M), the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap (M). In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as enterprise value divided by its EBIT.

Lockheed Martin Corp's EV/EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=111259.650/7107
=15.65

Lockheed Martin Corp's current Enterprise Value is $111,260 Mil.
Lockheed Martin Corp's EBIT for the trailing twelve months (TTM) ended in Mar. 2019 was 1585 (Jun. 2018 ) + 1752 (Sep. 2018 ) + 1654 (Dec. 2018 ) + 2116 (Mar. 2019 ) = $7,107 Mil.

2. EV-to-EBITDA is calculated as enterprise value divided by its EBITDA.

Lockheed Martin Corp's EV/EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=111259.650/8266
=13.46

Lockheed Martin Corp's current Enterprise Value is $111,260 Mil.
Lockheed Martin Corp's EBITDA for the trailing twelve months (TTM) ended in Mar. 2019 was 1872 (Jun. 2018 ) + 2043 (Sep. 2018 ) + 1958 (Dec. 2018 ) + 2393 (Mar. 2019 ) = $8,266 Mil.

3. EV-to-Revenue is calculated as enterprise value divided by its Revenue.

Lockheed Martin Corp's EV/Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=111259.650/56463
=1.97

Lockheed Martin Corp's current Enterprise Value is $111,260 Mil.
Lockheed Martin Corp's EBITDA for the trailing twelve months (TTM) ended in Mar. 2019 was 13398 (Jun. 2018 ) + 14318 (Sep. 2018 ) + 14411 (Dec. 2018 ) + 14336 (Mar. 2019 ) = $56,463 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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