Lockheed Martin Corp.
LMT
Market Cap$121.61B
Close$
Earnings Call Q3 2024
October 22, 2024 - AI Summary
**Strong Backlog and Sales Growth**: Lockheed Martin ended Q3 2024 with a record backlog exceeding $165 billion, achieving a book-to-bill ratio of 1.3. Sales increased year-over-year (YOY) by 1% to $17.1 billion, with notable growth in the Missiles & Fire Control (MFC) and Rotary & Mission Systems (RMS) business areas.
**Robust Free Cash Flow and Dividend Increase**: The company generated free cash flow of $2.1 billion in Q3, amounting to over $4.8 billion year-to-date. This supports a 5% increase in quarterly dividend to $3.30, marking the 22nd consecutive year of dividend increases, and the continuation of share repurchase programs.
**F-35 Production and Challenges**: Lockheed delivered 48 F-35 aircraft in Q3 and anticipates delivering between 90 to 110 units in 2024. However, delays in Lot 18 negotiations could shift about $2 billion in sales from 2024 into 2025, impacting future cash flow.
Exclusive for Stockcircle Pro members
Sign up
$634.88
23.8% upside
Current Fair Value
23.8% upsideUndervalued by 23.8% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $121.61 Billion |
|---|---|
| Enterprise Value | $146.83 Billion |
| Dividend Yield | $13.2 (2.48523478159172%) |
| Earnings per Share | $27.65 |
| Beta | 0.48 |
| Outstanding Shares | 237,500,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 18.25 |
|---|---|
| PEG | -503.93 |
| Price to Sales | 1.71 |
| Price to Book Ratio | 17.1 |
| Enterprise Value to Revenue | 2.06 |
| Enterprise Value to EBIT | 17.57 |
| Enterprise Value to Net Income | 21 |
| Total Debt to Enterprise | 0.19 |
| Debt to Equity | 3.94 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Lockheed Martin Corp.
CEO: James Taiclet