Stock Analysis on Net

Lockheed Martin Corp. (NYSE:LMT)

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

Lockheed Martin Corp., current enterprise value calculation

Microsoft Excel
Current share price (P) $454.87
No. shares of common stock outstanding 241,643,304
US$ in millions
Common equity (market value)1 109,916
Add: Noncontrolling interests in subsidiary (per books)
Total equity 109,916
Add: Current portion of long-term debt (per books) 168
Add: Long-term debt, net, excluding current portion (per books) 17,291
Total equity and debt 127,375
Less: Cash and cash equivalents 1,442
Enterprise value (EV) 125,933

Based on: 10-K (reporting date: 2023-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 454.87 × 241,643,304


Historical Enterprise Value (EV)

Lockheed Martin Corp., EV calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Share price1, 2 $439.67 $459.81 $387.17 $327.93 $439.17
No. shares of common stock outstanding1 241,643,304 255,297,298 272,326,925 280,103,431 281,937,366
US$ in millions
Common equity (market value)3 106,243 117,388 105,437 91,854 123,818
Add: Noncontrolling interests in subsidiary (book value) 23 44
Total equity 106,243 117,388 105,437 91,877 123,862
Add: Current portion of long-term debt (book value) 168 118 6 500 1,250
Add: Long-term debt, net, excluding current portion (book value) 17,291 15,429 11,670 11,669 11,404
Total equity and debt 123,702 132,935 117,113 104,046 136,516
Less: Cash and cash equivalents 1,442 2,547 3,604 3,160 1,514
Enterprise value (EV) 122,260 130,388 113,509 100,886 135,002

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 Data adjusted for splits and stock dividends.

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

3 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 439.67 × 241,643,304

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. EV increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.