Company Valuation: Lockheed Martin Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 109,833 99,318 98,017 127,496 112,448 121,606 - -
Change - -9.57% -1.31% 30.08% -11.8% 8.14% - -
Enterprise Value (EV) 1 120,973 108,327 106,089 140,378 128,465 138,236 138,279 137,866
Change - -10.45% -2.07% 32.32% -8.49% 7.61% 0.03% -0.3%
P/E ratio 17.7x 14.6x 15.6x 22.5x 16.5x 19.3x 18.3x 17.3x
PBR 34.9x 16.5x 8.79x 13.3x 16.7x 18.1x 17.9x 16.2x
PEG - 1.4x -2.46x -4.66x 0.6x -5.8x 3.44x 2.94x
Capitalization / Revenue 1.84x 1.52x 1.46x 1.93x 1.66x 1.71x 1.64x 1.58x
EV / Revenue 2.02x 1.66x 1.58x 2.13x 1.9x 1.94x 1.87x 1.79x
EV / EBITDA 12.4x 10.9x 10.1x 14.4x 12.9x 14x 13.4x 12.7x
EV / EBIT 14.2x 12.5x 11.6x 16.8x 15.1x 16.5x 15.8x 15x
EV / FCF 20.8x 16.9x 13.8x 22.9x 20.6x 22.3x 21.6x 20.5x
FCF Yield 4.82% 5.92% 7.26% 4.37% 4.85% 4.48% 4.64% 4.88%
Dividend per Share 2 9 9.8 10.6 11.4 12.15 12.81 13.52 14.28
Rate of return 2.31% 2.76% 2.98% 2.34% 2.68% 2.5% 2.64% 2.78%
EPS 2 21.95 24.3 22.76 21.66 27.55 26.63 28.05 29.7
Distribution rate 41% 40.3% 46.6% 52.6% 44.1% 48.1% 48.2% 48.1%
Net sales 1 59,812 65,398 67,044 65,984 67,571 71,237 74,103 76,830
EBITDA 1 9,734 9,934 10,487 9,752 9,937 9,865 10,319 10,825
EBIT 1 8,545 8,644 9,123 8,348 8,507 8,387 8,761 9,177
Net income 1 6,230 6,833 6,315 5,732 6,920 6,364 6,534 6,771
Net Debt 1 11,140 9,009 8,072 12,882 16,017 16,630 16,673 16,260
Reference price 2 389.38 354.98 355.41 486.49 453.24 513.03 513.03 513.03
Nbr of stocks (in thousands) 282,071 279,784 275,786 262,074 248,099 237,035 - -
Announcement Date 1/28/20 1/26/21 1/25/22 1/24/23 1/23/24 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

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P/E ratio EV / Sales EV / EBITDA Yield (Y) Capi. ($)
19.26x1.94x14.01x+2.50%122B
31.47x1.63x14.02x+1.38%130B
-11x2.23x-27.32x-.--%115B
17.44x1.02x9.05x+1.86%15.93B
17.7x1.26x11.09x+0.09%15.33B
17.05x1.25x10.11x-.--%6.95B
-12.31x49553.41x-14.29x-.--%6.76B
43.17x - - +0.55%4.52B
9.79x0.04x0.32x+2.96%3.87B
-9.26x - -7.68x - 1.33B
Average 12.33x 6,195.35x 1.03x +1.04% 42.09B
Weighted average by Cap. 14.16x 809.22x 1.58x +1.26%
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Year-on-year evolution of the PER

evolution-chart LOCKHEED-MARTIN-CORPORATI

Historical PBR trend

evolution-chart LOCKHEED-MARTIN-CORPORATI

Evolution Enterprise Value / Sales

evolution-chart LOCKHEED-MARTIN-CORPORATI

Change in Enterprise Value/EBITDA

evolution-chart LOCKHEED-MARTIN-CORPORATI

Year-on-year evolution of the Yield

evolution-chart LOCKHEED-MARTIN-CORPORATI
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