Hi! In this video I did a third quarter earnings result analysis for Lockheed Martin, which has increased almost 50% over the last year while the stock market has declined almost 20%. Lockheed Martin is a business competing in the security and aerospace industry, and it has recently reported a strong increase in earnings and an increase in cash distributions to shareholders. I used a discounted cash flow model on Microsoft Excel to try and figure out what the intrinsic value of Lockheed Martin would be based on the projected free cash flow of their business. I also looked into Lockheed Martin's income statements, Lockheed Martin's balance sheets, and Lockheed Martin's cash flow statements to get a sense of how much debt they currently have as well as if they'll grow their profits in the future and also to identify what a good buying price would be for Lockheed Martin from a value investing perspective.
Lockheed Martin Third Quarter 2022 Earnings Results
investors.lockheedmartin.com/static-files/8a846566-e616-4c87-a980-49a8580079fa
Why Lockheed Martin Stock Is Flying High Today
fool.com/investing/2022/10/18/why-lockheed-martin-stock-is-flying-high-today/
Global security and aerospace company that researches, designs, manufactures and integrates advanced technology systems, products and services.
Operating Segments
- Aeronautics
- Missiles and Fire Control
- Rotary and Mission Systems
- Space
1) Revenue of $16.6 billion up 3% from $16 billion year over year.
2) Net income of $1.8 billion up 189% from $614 million year over year.
3) EPS of $6.71 per share up 203% from $2.21 per share year over year.
4) Operating Cash Flow of $3.1 billion up from $1.9 billion year over year.
5) Free cash flow of $2.7 billion up from $1.6 billion year over year.
6) Paid cash dividends of $739 million.
7) Repurchased $1.4 billion of shares.
8) Increased authorized share repurchases to $14 billion for the next three years.
9) Increased quarterly dividend rate by 7% to $3.00 per share. (Industry leading dividend).
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0:00 Intro
1:20 Lockheed Updates
3:27 3rd Quarter 2022 Income Statement
5:21 3rd Quarter 2022 Balance Sheet
5:54 3rd Quarter 2022 Cash Flow
9:01 Intrinsic Value Analysis
10:56 Competitor Analysis
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