Lockheed Martin Stock Analysis


Lockheed Martin Stock Analysis

Business Description:

  • 40% of 2020 revenues from Aeronautics with main program F-35, generating 28% of sales

  • 17% of 2020 revenues from MFC

  • 25% of 2020 revenues from RMS

  • 18% of 2020 revenues from Space


Catalysts:

  • US Military expenditures increased by 5.1% annually in the last 5 years and expected to keep increasing

  • Recession-proof company

  • High level of entry for competitors with recent consolidation in the industry


Risks:

  • Dependent on internal and international politics

  • Dependent on Government contracts


Financial Analysis:

  • Revenues of $65.3 Billion in FY20 up from $59.8 Billion in FY19

  • Operating profit of $8.64 Billion in FY20 vs of $8.64 million in FY19

  • Net income of $6.95 billion in FY20 vs $6.83 billion in FY19

  • Free Cash Flow of $5.86 billion in FY20 vs $6.41 million for FY19

  • Balance Sheet

  • Total assets: $51.4 Billion ; total liabilities: $45.1 Billion; book value: $6.33 Billion

  • Cash: $2.93 billion, debts: $11.6 Billion, current assets: $20.2 billion, current liabilities: $14.7 billion


Lockheed Martin Stock Analysis

Read the full analysis on my Research Partnership: https://ishfaaqpeerally.teachable.com/courses/662813/lectures/33520104

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