General Dynamics Corp.

General Dynamics Corp.

GD

Market Cap$72.89B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
General Dynamics Corp.General Dynamics Corp.18.42.12%18%1.50.9

Earnings Call Q3 2024

October 23, 2024 - AI Summary

**Strong Q3 Financial Performance**: General Dynamics reported earnings of $3.35 per diluted share on revenue of $11.67 billion, marking a year-over-year revenue increase of 10.4%. Operating earnings were $1.18 billion, up 11.7%, with net income rising by 11.2% to $930 million. This demonstrates solid operating leverage as earnings grew faster than revenue.
**Aerospace Segment Challenges**: Although aerospace revenue increased by 22% to $2.48 billion, the segment missed G700 delivery targets, delivering only four aircraft instead of the anticipated 15-16. Issues included late engine certifications, customized interior complexities, and supplier quality escapes affecting scheduled deliveries. As a result, 2023 G700 deliveries have dropped from an initial forecast of 50-52 to approximately 42, with 27 expected in Q4.
**Positive Growth Continued in Defense Segments**: Combat Systems and Marine Systems reported strong growth, with Combat Systems generating $2.2 billion in revenue (flat year-over-year) and Marine Systems achieving $3.6 billion, up 20%. The Combat Systems segment saw a strong order activity with a book-to-bill ratio of 1.5:1, indicating healthy future demand.

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$292.20

Target Price by Analysts

7% upsideGeneral Dynamics Target Price DetailsTarget Price
$399.68

Current Fair Value

46.4% upside

Undervalued by 46.4% based on the discounted cash flow analysis.

Share Statistics

Market cap$72.89 Billion
Enterprise Value$91.02 Billion
Dividend Yield$5.76 (2.12107821475917%)
Earnings per Share$13.81
Beta0.5
Outstanding Shares269,038,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio18.37
PEG75.27
Price to Sales1.5
Price to Book Ratio3.33
Enterprise Value to Revenue1.85
Enterprise Value to EBIT18.92
Enterprise Value to Net Income22
Total Debt to Enterprise0.21
Debt to Equity0.87

Revenue Sources

No data

Insider Trades

ESG Score

No data

About General Dynamics Corp.

CEO: Phebe Novakovic