Northrop Grumman Corp.
NOC
Market Cap$72.41B
Close$
Earnings Call Q3 2024
October 24, 2024 - AI Summary
**Strong Operating Performance and Record Backlog**: Northrop Grumman reported a 6% revenue increase year-to-date, achieving a record backlog of $85 billion, which is more than double their annual revenue. The company anticipates continuing growth supported by strong demand for defense capabilities driven by global events.
**Earnings Per Share (EPS) Guidance Increased**: The EPS guidance for full-year 2024 has been raised by $0.75 to a range of $25.65 to $26.05. This increase reflects solid segment performance, lower corporate costs, and favorable tax rates.
**Challenges in Space Division**: The Space segment is experiencing a mid-single-digit revenue decline due to the wind-down of specific programs like NGI and Sentinel. This segment reported $224 million in headwinds in Q3, leading to lower expectations, but Northrop expects Space to return to mid-single-digit growth beyond 2025.
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$424.85
14.5% downside
Current Fair Value
14.5% downsideOvervalued by 14.5% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $72.41 Billion |
|---|---|
| Enterprise Value | $88.75 Billion |
| Dividend Yield | $8.05 (1.61965313267072%) |
| Earnings per Share | $13.57 |
| Beta | 0.35 |
| Outstanding Shares | 146,200,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 30.6 |
|---|---|
| PEG | 322.11 |
| Price to Sales | 1.77 |
| Price to Book Ratio | 4.97 |
| Enterprise Value to Revenue | 2.17 |
| Enterprise Value to EBIT | 45.31 |
| Enterprise Value to Net Income | 37 |
| Total Debt to Enterprise | 0.22 |
| Debt to Equity | 1.33 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Northrop Grumman Corp.
90,000 employees
CEO: Wesley Bush Northrop Grumman solves the toughest problems in space, aeronautics, defense and cyberspace to meet the ever evolving needs of our customers worldwide. Its 90,000 employees define possible every day using science, technology and engineer...