General Dynamics Corp. (GD)

General Dynamics Corp., FCFE calculation

USD $ in millions

	12 months ended	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
	Net earnings
	Net noncash charges
	(Increase) decrease in assets, net of effects of business acquisitions
	Increase (decrease) in liabilities, net of effects of business acquisitions
	Net cash provided by operating activities
	Capital expenditures
	Proceeds from fixed-rate notes
	Proceeds from floating-rate notes
	Proceeds from commercial paper, net
	Repayment of fixed-rate notes
	Free cash flow to equity (FCFE)

Based on: 10-K (filing date: 2019-02-13), 10-K (filing date: 2018-02-12), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-08), 10-K (filing date: 2015-02-09).

General Dynamics Corp., current P/FCFE calculation, comparison to benchmarks

No. shares of common stock outstanding
Selected Financial Data (USD $)
Free cash flow to equity (FCFE) (in millions)
FCFE per share
Current share price (P)
Ratio
P/FCFE
Benchmarks
P/FCFE, Competitors
Boeing Co.
Lockheed Martin Corp.
Northrop Grumman Corp.
Raytheon Co.
United Technologies Corp.
P/FCFE, Sector
Aerospace & Defense
P/FCFE, Industry
Industrials

Based on: 10-K (filing date: 2019-02-13).

If company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.

Otherwise, if company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.

General Dynamics Corp., historical P/FCFE calculation, comparison to benchmarks

		Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
	No. shares of common stock outstanding1
	Selected Financial Data (USD $)
	Free cash flow to equity (FCFE) (in millions)2
	FCFE per share4
	Share price1, 3
	Ratio
	P/FCFE5
	Benchmarks
	P/FCFE, Competitors
	Boeing Co.
	Lockheed Martin Corp.
	Northrop Grumman Corp.
	Raytheon Co.
	United Technologies Corp.
	P/FCFE, Sector
	Aerospace & Defense
	P/FCFE, Industry
	Industrials

Based on: 10-K (filing date: 2019-02-13), 10-K (filing date: 2018-02-12), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-08), 10-K (filing date: 2015-02-09).

2018 Calculations