Company Valuation: Lockheed Martin Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 98,017 1,27,496 1,12,448 1,15,185 1,11,920 1,20,760 - -
Change - 30.08% -11.8% 2.43% -2.83% 7.9% - -
Enterprise Value (EV) 1 1,06,089 1,40,378 1,28,465 1,32,972 1,29,499 1,35,056 1,34,090 1,32,582
Change - 32.32% -8.49% 3.51% -2.61% 4.29% -0.72% -1.12%
P/E ratio 15.6x 22.5x 16.5x 21.8x 22.5x 17.5x 16.3x 15.2x
PBR 8.79x 13.3x 16.7x 18.4x - 11.9x 10.4x 8.9x
PEG - -4.66x 0.6x -1.1x -6.12x 0.4x 2.2x 2.03x
Capitalization / Revenue 1.46x 1.93x 1.66x 1.62x 1.49x 1.53x 1.45x 1.38x
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 10.8x
EV / EBIT 11.6x 16.8x 15.1x 19x 16.8x 14.1x 13.3x 12.6x
EV / FCF 13.8x 22.9x 20.6x 25.2x 18.7x 20.4x 20.6x 19.5x
FCF Yield 7.26% 4.37% 4.85% 3.98% 5.33% 4.91% 4.85% 5.12%
Dividend per Share 2 10.6 11.4 12.15 12.75 - 13.89 14.49 15.29
Rate of return 2.98% 2.34% 2.68% 2.62% - 2.65% 2.77% 2.92%
EPS 2 22.76 21.66 27.55 22.31 21.49 29.89 32.11 34.51
Distribution rate 46.6% 52.6% 44.1% 57.1% - 46.5% 45.1% 44.3%
Net sales 1 67,044 65,984 67,571 71,043 75,048 79,129 83,321 87,803
EBITDA 1 10,487 9,752 9,937 8,572 9,418 11,245 11,777 12,323
EBIT 1 9,123 8,348 8,507 7,013 7,731 9,584 10,075 10,556
Net income 1 6,315 5,732 6,920 5,336 5,017 6,903 7,377 7,883
Net Debt 1 8,072 12,882 16,017 17,787 17,579 14,296 13,330 11,822
Reference price 2 355.41 486.49 453.24 485.94 483.67 523.76 523.76 523.76
Nbr of stocks (in thousands) 2,75,786 2,62,074 2,48,099 2,37,035 2,31,398 2,30,564 - -
Announcement Date 25/01/22 24/01/23 23/01/24 28/01/25 29/01/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
17.52x1.71x12.01x2.65% 12TCr
467.82x1.97x43.85x-.--% 17TCr
24.39x1.58x11.68x1.88% 16TCr
20.24x1.65x14.01x1.78% 2.67TCr
16.34x1.13x9.67x0.09% 1.58TCr
17.71x1.12x9.19x2.29% 1TCr
-11.59x84.68x-13.77x-.--% 939.38Cr
-8.09x73.63x-7.54x-.--% 395.29Cr
9.8x - - 2.61% 168.53Cr
Average 61.57x 20.93x 9.89x 1.26% 5.79TCr
Weighted average by Cap. 165.87x 3.77x 21.68x 1.35%

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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