Ticker
LMT

Price
438.64
Stock movement up
+4.93 (1.14%)
Company name
Lockheed Martin Corporation
Exchange
(NYSE
,
Currency
USD
)
Sector
Industrials >
Aerospace & Defense
Market cap
116.31B
Ent value
154.86B
Price/Sales
1.81
Price/Book
10.17
Div yield
2.55%
Div growth
9.38%
Growth years
18
FCF payout
40.14%
Trailing P/E
24.72
Forward P/E
15.48
PEG
3.01
EPS growth
13.50%
1 year return
22.27%
3 year return
4.87%
5 year return
7.69%
10 year return
16.74%
Last updated: 2022-08-25

BUSINESS INSIGHT

Segment Revenues ($M)

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Segment Operating Income ($M)

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Sales by Customer Category ($M)

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Backlog Size ($B)

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Debt and other payments due by period ($M)

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DIVIDENDS

Dividend yield - 5y

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Dividend yield data
Dividend per share11.20
Dividend yield2.55%
Payout frequencyQuarterly
Maximum yield3.59%
Average yield2.69%
Minimum yield2.18%
Discount to avg yield-5.30%
Upside potential-5.03%
Yield as % of max yield71.15%

Yield distribution (inverse percentile) - 5y

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Yield distribution data
Dividend yield2.55%
Current yield distribution60.32%
Yield at 100% (Min)2.18%
Yield at 90%2.39%
Yield at 80%2.47%
Yield at 50% (Median)2.62%
Yield at 20%2.93%
Yield at 10%3.09%
Yield at 0% (Max)3.59%

Dividend per share

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Dividend per share data
Years of growth18 years
CCC statusDividend Contender
Dividend per share11.20
Payout frequencyQuarterly
Ex-div date31 Aug 2022
EPS (TTM)17.64
EPS (1y forward)28.33
EPS growth (5y)13.50%
EPS growth (5y forward)8.20%

Dividend growth

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Dividend growth data
LMTS&P500
DGR MR7.69%15.44%
DGR TTM7.69%7.80%
DGR 3 years8.93%3.88%
DGR 5 years9.38%4.73%
DGR 10 years12.55%8.30%
DGR 15 years15.32%5.82%
Time since last change announced374 days
EPS growth (5y)13.50%
EPS growth (5y forward)8.20%

Payout ratio

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Payout ratio data
EPS coverageFCF coverage
TTM63.57%40.14%
Average42.60%39.39%
Forward39.53%-

VALUATION

Valuation Ratios

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Valuation Ratios data
Trailing P/E24.72
Price to OCF13.00
Price to FCF15.61
Price to EBITDA15.53
EV to EBITDA20.68

Valuation (Sales/Book Value)

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Valuation (Sales/Book Value) data
Price to Sales1.81
Price to Book10.17
EV to Sales2.41

FINANCIALS

Per share

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Per share data
Current share count265.15M
EPS (TTM)17.64
FCF per share (TTM)27.94

Income statement

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Income statement data
Revenue (TTM)64.17B
Gross profit (TTM)8.55B
Operating income (TTM)8.64B
Net income (TTM)4.71B
EPS (TTM)17.64
EPS (1y forward)28.33

Margins

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Margins data
Gross margin (TTM)13.33%
Operating margin (TTM)13.47%
Profit margin (TTM)7.33%

Balance Sheet

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Balance Sheet data
Cash1.77B
Net receivables15.15B
Total current assets20.97B
Goodwill10.79B
Intangible assets2.58B
Property, plant and equipment0.00
Total assets51.76B
Accounts payable2.31B
Short/Current long term debt11.64B
Total current liabilities16.48B
Total liabilities40.33B
Shareholder's equity11.43B
Net tangible assets-1.95B

Cash flow

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Cash flow data
Operating cash flow (TTM)8.95B
Capital expenditures (TTM)1.50B
Free cash flow (TTM)7.45B
Dividends paid (TTM)2.99B

Financial returns

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Financial returns data
Return on Equity41.16%
Return on Assets9.09%
Return on Invested Capital20.39%
Cash Return on Invested Capital32.29%

STOCK INFORMATION

Stock chart

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Stock price data
Open433.71
Daily high438.84
Daily low432.43
Daily Volume709K
All-time high469.19
1y analyst estimate461.61
Beta0.73
EPS (TTM)17.64
Dividend per share11.20
Ex-div date31 Aug 2022
Next earnings date24 Oct 2022

Downside potential

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Downside potential data
LMTS&P500
Current price drop from All-time high-6.51%-12.18%
Highest price drop-71.58%-56.47%
Date of highest drop14 Mar 20009 Mar 2009
Avg drop from high-15.72%-11.38%
Avg time to new high19 days12 days
Max time to new high1235 days1805 days
COMPANY DETAILS
LMT (Lockheed Martin Corporation) company logo
Marketcap
116.31B
Marketcap category
Large-cap
Description
Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The Missiles and Fire Control segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support, and integration services; manned and unmanned ground vehicles; and energy management solutions. The Rotary and Mission Systems segment offers military and commercial helicopters, surface ships, sea and land-based missile defense systems, radar systems, sea and air-based mission and combat systems, command and control mission solutions, cyber solutions, and simulation and training solutions. The Space segment offers satellites; space transportation systems; strategic, advanced strike, and defensive missile systems; and classified systems and services in support of national security systems. This segment also provides network-enabled situational awareness and integrates space and ground-based systems to help its customers gather, analyze, and securely distribute critical intelligence data. It serves primarily serves the U.S. government, as well as foreign military sales contracted through the U.S. government. Lockheed Martin Corporation was founded in 1912 and is headquartered in Bethesda, Maryland.
Employees
114000
SEC filings
CEO
James Taiclet
Country
USA
City
Bethesda
Stock type
Common stock
CCC status
Dividend Contender
Dividend Frequency
Quarterly
EVENTS AND PRESENTATIONS
EventsPresentations
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UNDERSTAND THE BUSINESS
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COMPANY NEWS
All newsPress releases
Military contractors tend to have strong performance, even amid recessions. Here are three names that could provide steady income now.
October 1, 2022
No one ever accused September of being a strong month for the market, and that's still true. Here's why we closed out Nucor and trimmed AMD, while building up PepsiCo and buying into Lockheed Martin.
September 30, 2022
Lockheed Martin Corp. said late Friday its board approved a 7% hike to the aerospace and defense company's dividend. The company said it will pay a $3-a-share dividend, up from a previous $2.80 a shar...
September 30, 2022
The Lockheed Martin Corporation (NYSE: LMT) board of directors has authorized a fourth quarter 2022 dividend of $3.00 per share, representing an increase of $0.20 per share over last quarter. The divi...
September 30, 2022
Raytheon (RTX) is going to procure 129 items to support the APG-79 AESA radar system installed on the F/A-18 aircraft.
September 30, 2022
Here's why we chose Lockheed over others in the defense space. U.S. defense spending has spurred investor enthusiasm for defense stocks and helped Lockheed consistently increase its dividend. The re...
September 29, 2022
Boeing (BA) is set to repair two flight control surfaces used on the F/A-18E/F and E/A-18G aircraft.
September 29, 2022
We'll use returned capital and cash for a starter position in a premier dividend-paying company.
September 29, 2022
Northrop Grumman's (NOC) business unit, Northrop Grumman Systems Corp., wins a $31.8 million deal for the production of spare parts for SEWIP.
September 29, 2022
Raytheon (RTX) is going to provide depot-level repair capability for the government of Kuwait's inventory of AN/APG-79 AESA radar weapon replaceable assemblies.
September 28, 2022
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