Martin Marietta Materials Inc.
Find Ratings Reports
-1.18 |
-0.34%
MARTIN MARIETTA MATERIALS's gross profit margin for the third quarter of its fiscal year 2022 has decreased when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the subsector, the net income growth has not. MARTIN MARIETTA MATERIALS has average liquidity. Currently, the Quick Ratio is 1.30 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has increased by 9.12% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
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| Income Statement | Q3 FY22 | Q3 FY21 |
|---|---|---|
| Net Sales ($mil) | 1811.7 | 1557.3 |
| EBITDA ($mil) | 516.7 | 477.5 |
| EBIT ($mil) | 393.0 | 364.0 |
| Net Income ($mil) | 295.3 | 254.6 |
| Balance Sheet | Q3 FY22 | Q3 FY21 |
|---|---|---|
| Cash & Equiv. ($mil) | 840.3 | 2383.1 |
| Total Assets ($mil) | 14729.7 | 13786.2 |
| Total Debt ($mil) | 5442.0 | 5542.7 |
| Equity ($mil) | 6935.7 | 6355.9 |
| Profitability | Q3 FY22 | Q3 FY21 |
|---|---|---|
| Gross Profit Margin | 33.75 | 36.18 |
| EBITDA Margin | 28.52 | 30.66 |
| Operating Margin | 21.69 | 23.37 |
| Sales Turnover | 0.42 | 0.37 |
| Return on Assets | 5.7 | 5.28 |
| Return on Equity | 11.9 | 11.46 |
| Debt | Q3 FY22 | Q3 FY21 |
|---|---|---|
| Current Ratio | 2.01 | 6.65 |
| Debt/Capital | 0.44 | 0.47 |
| Interest Expense | 42.8 | 44.3 |
| Interest Coverage | 9.18 | 8.22 |
| Share Data | Q3 FY22 | Q3 FY21 |
|---|---|---|
| Shares outstanding (mil) | 62.1 | 62.4 |
| Div / share | 0.66 | 0.61 |
| EPS | 4.67 | 4.07 |
| Book value / share | 111.69 | 101.86 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 367521.0 | 397825.0 |
BUY. The current P/E ratio indicates a significant premium compared to an average of 15.35 for the Mining (except Oil and Gas) subsector and a premium compared to the S&P 500 average of 20.84. For additional comparison, its price-to-book ratio of 3.07 indicates a discount versus the S&P 500 average of 3.81 and a discount versus the subsector average of 3.27. The price-to-sales ratio is well above the S&P 500 average, but well below the subsector average.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MLM 25.99 | Peers 15.35 | MLM 23.25 | Peers 8.94 | |||||||||||||||||||||
|
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. MLM is trading at a significant premium to its peers. |
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. MLM is trading at a significant premium to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| MLM 22.91 | Peers 15.61 | MLM 3.17 | Peers 6.04 | |||||||||||||||||||||
|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. MLM is trading at a significant premium to its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. MLM trades at a significant discount to its peers. |
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| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| MLM 3.07 | Peers 3.27 | MLM 13.30 | Peers 83.18 | |||||||||||||||||||||
|
Average. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. MLM is trading at a valuation on par with its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, MLM is expected to significantly trail its peers on the basis of its earnings growth rate. |
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| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| MLM 3.45 | Peers 7.63 | MLM 21.25 | Peers 11.89 | |||||||||||||||||||||
|
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. MLM is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. MLM has a sales growth rate that significantly exceeds its peers. |
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