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Microsoft Excel LibreOffice Calc

Lockheed Martin Corp. (LMT)


Enterprise Value (EV)

Intermediate level


Current Enterprise Value (EV)

Lockheed Martin Corp., current enterprise value calculation

Microsoft Excel LibreOffice Calc
Current share price (P)
No. shares of common stock outstanding
US$ in millions
Common equity (market value)1
Add: Noncontrolling interests in subsidiary (per books)
Total equity
Add: Current maturities of long-term debt and commercial paper (per books)
Add: Long-term debt, net, excluding current maturities (per books)
Total equity and debt
Less: Cash and cash equivalents
Enterprise value (EV)

Based on: 10-K (filing date: 2020-02-07).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

Lockheed Martin Corp., EV calculation

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Share price1, 2
No. shares of common stock outstanding1
US$ in millions
Common equity (market value)3
Add: Noncontrolling interests in subsidiary (book value)
Total equity
Add: Current maturities of long-term debt and commercial paper (book value)
Add: Long-term debt, net, excluding current maturities (book value)
Total equity and debt
Less: Cash and cash equivalents
Enterprise value (EV)

Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-06), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-24).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Lockheed Martin Corp.’s Annual Report.

3 2019 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×

1 Data adjusted for splits and stock dividends.
2

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. Lockheed Martin Corp.’s EV decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.