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NYQ · Valuation Lab
LMT
Lockheed Martin Corporation
Last$577.60
Market cap133.3B
EV/EBITDA15.7x
Intrinsic value
$686.71
MoS +15.9% · Fairly Valued
Assuming 7.4% FCF margin and 4.4% Y1–5 growth.
Upside to price
EV (DCF)175.2B
Terminal share72%
Expected IV$697.59
Probability weights
Projected free cash flows
Stage FCF path with present values · terminal 72% of EV
PV of stage FCFs49.6B
PV of terminal value125.6B
Enterprise value175.2B
Net cash / (debt)-16.7B
Equity value158.5B
Intrinsic value / share$686.71
| Year | Revenue | FCF | PV | DF |
|---|---|---|---|---|
| Y1 | 78.4B | 5.8B | 5.5B | 94.3% |
| Y2 | 81.8B | 6.1B | 5.4B | 89.0% |
| Y3 | 85.4B | 6.3B | 5.3B | 84.0% |
| Y4 | 89.2B | 6.6B | 5.2B | 79.2% |
| Y5 | 93.1B | 6.9B | 5.1B | 74.7% |
| Y6 | 95.1B | 7B | 5B | 70.5% |
| Y7 | 97.2B | 7.2B | 4.8B | 66.5% |
| Y8 | 99.4B | 7.4B | 4.6B | 62.7% |
| Y9 | 101.6B | 7.5B | 4.4B | 59.2% |
| Y10 | 103.8B | 7.7B | 4.3B | 55.8% |
| Terminal | — | — | 125.6B | — |
Educational DCF model only — not financial advice. Terminal value and assumptions dominate results; verify filings and run your own diligence.