Projected Income Statement: General Dynamics Corporation

Forecast Balance Sheet: General Dynamics Corporation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 10,174 9,892 9,254 7,348 7,065 6,503 6,070 5,430
Change - -2.77% -6.45% -20.6% -3.85% -7.95% -6.66% -10.54%
Announcement Date 1/27/21 1/26/22 1/25/23 1/24/24 1/29/25 - - -
1USD in Million
Estimates

Cash Flow Forecast: General Dynamics Corporation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
CAPEX 1 967 887 1,114 904 916 1,015 1,022 1,036
Change - -8.27% 25.59% -18.85% 1.33% 10.79% 0.7% 1.35%
Free Cash Flow (FCF) 1 2,891 3,384 3,465 3,806 3,196 3,402 4,393 4,947
Change - 17.05% 2.39% 9.84% -16.03% 6.44% 29.12% 12.63%
Announcement Date 1/27/21 1/26/22 1/25/23 1/24/24 1/29/25 - - -
1USD in Million
Estimates

Forecast Financial Ratios: General Dynamics Corporation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) 13.21% 13.14% 12.93% 12.08% 11.91% 12.15% 12.66% 13.11%
EBIT Margin (%) 10.9% 10.82% 10.69% 10.04% 10.05% 10.34% 10.94% 11.33%
EBT Margin (%) 9.86% 10.07% 10.24% 9.42% 9.51% 9.89% 10.5% 10.83%
Net margin (%) 8.35% 8.47% 8.6% 7.84% 7.93% 8.13% 8.66% 8.89%
FCF margin (%) 7.62% 8.8% 8.79% 9% 6.7% 6.77% 8.37% 9.16%
FCF / Net Income (%) 91.29% 103.9% 102.21% 114.81% 84.51% 83.18% 96.67% 103.12%

Profitability

        
ROA 6.29% 6.43% 6.67% 6.23% 6.83% 7.19% 7.72% 7.99%
ROE 22% 20.4% 18.72% 16.8% 17.2% 18.06% 19.35% 20.03%

Financial Health

        
Leverage (Debt/EBITDA) 2.03x 1.96x 1.82x 1.44x 1.24x 1.06x 0.91x 0.77x
Debt / Free cash flow 3.52x 2.92x 2.67x 1.93x 2.21x 1.91x 1.38x 1.1x

Capital Intensity

        
CAPEX / Current Assets (%) 2.55% 2.31% 2.83% 2.14% 1.92% 2.02% 1.95% 1.92%
CAPEX / EBITDA (%) 19.3% 17.55% 21.86% 17.7% 16.12% 16.61% 15.39% 14.63%
CAPEX / FCF (%) 33.45% 26.21% 32.15% 23.75% 28.66% 29.83% 23.27% 20.94%

Items per share

        
Cash flow per share 1 13.4 15.15 16.46 17.08 14.82 17.17 20.1 21.5
Change - 13.02% 8.68% 3.79% -13.26% 15.89% 17.06% 6.98%
Dividend per Share 1 4.4 4.76 5.04 5.28 - 5.964 6.382 6.735
Change - 8.18% 5.88% 4.76% - - 7.02% 5.53%
Book Value Per Share 1 54.67 63.54 67.66 77.85 81.61 85.31 88 90.79
Change - 16.22% 6.48% 15.06% 4.83% 4.53% 3.16% 3.17%
EPS 1 11 11.55 12.19 12.02 13.63 14.89 16.9 18.49
Change - 5% 5.54% -1.39% 13.39% 9.27% 13.46% 9.45%
Nbr of stocks (in thousands) 286,314 278,734 274,017 272,408 274,528 269,946 269,946 269,946
Announcement Date 1/27/21 1/26/22 1/25/23 1/24/24 1/29/25 - - -
1USD
Estimates
2025 *2026 *
P/E ratio 16.9x 14.9x
PBR 2.95x 2.86x
EV / Sales 1.48x 1.41x
Yield 2.37% 2.54%
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
A
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
25
Last Close Price
251.33USD
Average target price
292.44USD
Spread / Average Target
+16.36%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. GD Stock
  4. Financials General Dynamics Corporation