Company Valuation: Lockheed Martin Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 98,017 127,496 112,448 115,185 111,920 120,635 - -
Change - 30.08% -11.8% 2.43% -2.83% 7.79% - -
Enterprise Value (EV) 1 106,089 140,378 128,465 132,972 129,499 134,927 133,951 132,415
Change - 32.32% -8.49% 3.51% -2.61% 4.19% -0.72% -1.15%
P/E 15.6x 22.5x 16.5x 21.8x 22.5x 17.5x 16.3x 15.1x
PBR 8.79x 13.3x 16.7x 18.4x - 11.9x 10.3x 8.85x
PEG - -4.66x 0.6x -1.1x -6.12x 0.4x 2.17x 1.93x
Capitalization / Revenue 1.46x 1.93x 1.66x 1.62x 1.49x 1.52x 1.45x 1.37x
EV / Revenue 1.58x 2.13x 1.9x 1.87x 1.73x 1.71x 1.61x 1.51x
EV / EBITDA 10.1x 14.4x 12.9x 15.5x 13.8x 12x 11.4x 10.7x
EV / EBIT 11.6x 16.8x 15.1x 19x 16.8x 14.1x 13.3x 12.5x
EV / FCF 13.8x 22.9x 20.6x 25.2x 18.7x 20.3x 20.6x 19.6x
FCF Yield 7.26% 4.37% 4.85% 3.98% 5.33% 4.92% 4.85% 5.11%
Dividend per Share 2 10.6 11.4 12.15 12.75 - 14.07 14.53 15.36
Rate of return 2.98% 2.34% 2.68% 2.62% - 2.69% 2.78% 2.94%
EPS 2 22.76 21.66 27.55 22.31 21.49 29.9 32.15 34.67
Distribution rate 46.6% 52.6% 44.1% 57.1% - 47.1% 45.2% 44.3%
Net sales 1 67,044 65,984 67,571 71,043 75,048 79,130 83,354 87,877
EBITDA 1 10,487 9,752 9,937 8,572 9,418 11,241 11,783 12,347
EBIT 1 9,123 8,348 8,507 7,013 7,731 9,581 10,072 10,559
Net income 1 6,315 5,732 6,920 5,336 5,017 6,907 7,380 7,888
Net Debt 1 8,072 12,882 16,017 17,787 17,579 14,291 13,315 11,779
Reference price 2 355.41 486.49 453.24 485.94 483.67 523.22 523.22 523.22
Nbr of stocks (in thousands) 275,786 262,074 248,099 237,035 231,398 230,564 - -
Announcement Date 25/01/22 24/01/23 23/01/24 28/01/25 29/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.5x1.71x12x2.69% 121B
43.37x7.87x32.7x0.48% 375B
34.15x3.09x18.38x1.46% 264B
37.96x5.11x23.25x0.86% 159B
22.49x1.89x15.47x1.7% 101B
19.29x1.94x13.72x1.8% 76.65B
23.59x1.74x12.37x2.13% 70.47B
24.99x2.65x14.7x1.7% 54.17B
28.27x3.12x13.69x1.51% 52.78B
Average 27.96x 3.24x 17.36x 1.59% 141.52B
Weighted average by Cap. 32.72x 4.36x 21.40x 1.3%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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