Lockheed Martin Corp.
LMT
Market Cap$103.5B
Close$
Earnings Call Q4 2024
January 28, 2025 - AI Summary
Strong Sales Growth and Record Backlog: Lockheed Martin achieved a 5% year-over-year sales growth in 2024, totaling $71 billion. The backlog reached a record $176 billion, increased by 10%, demonstrating strong global demand across all business areas, with a book-to-bill ratio greater than 1.
Earnings Impact and De-risking Actions: The company recorded net charges of $1.8 billion related to classified programs, particularly $1.4 billion from the Missiles and Fire Control (MFC) segment and $555 million from Aeronautics. These charges are viewed as necessary de-risking actions to stabilize financial profiles of key national security programs, potentially reducing future risks.
Outlook for 2025: The company forecasts sales growth of 4%-5% for 2025, driven by strong demand in MFC and the expectation of reaching 170-190 F-35 aircraft deliveries. Operating profit margins are expected to return to 11%, with projected double-digit growth in free cash flow per share.
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$694.62
59.7% upside
Current Fair Value
59.7% upsideUndervalued by 59.7% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $103.50 Billion |
|---|---|
| Enterprise Value | $101.66 Billion |
| Dividend Yield | $12.9 (2.93381851262224%) |
| Earnings per Share | $22.39 |
| Beta | 0.43 |
| Outstanding Shares | 236,000,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 19.45 |
|---|---|
| PEG | -27.1 |
| Price to Sales | 1.45 |
| Price to Book Ratio | 16.73 |
| Enterprise Value to Revenue | 1.43 |
| Enterprise Value to EBIT | 15.08 |
| Enterprise Value to Net Income | 19 |
| Total Debt to Enterprise | 0.01 |
| Debt to Equity | 0.1 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Lockheed Martin Corp.
CEO: James Taiclet