General Dynamics Corp

STU : GDX
USA·Industrials·Aerospace & Defense·Ordinary Shares
€300.40
+4.10 (+1.21%)Oct 15 close
Market Cap
€81.23B
Enterprise Value
€85.68B
P/E (TTM)
24.05
P/B
3.98
Net Cash / (Debt)
−€4.47B
52-Week Range
€266 — €346
5-Year Range
€168 — €346
Avg Volume (3M)
78

General Dynamics sells defense systems and business jets. It has four main businesses: building Gulfstream private jets and servicing aircraft; making armored military vehicles (M1 Abrams tanks, Stryker carriers) and munitions; constructing and maintaining nuclear submarines, destroyers, and naval ships; and providing IT services and military electronics (communications, surveillance, reconnaissance systems) primarily to government customers. Revenue comes from long-term government defense contracts and direct jet sales, with the U.S. military as its dominant customer.

Employees117,000IPOApr 25, 1952SIC3724HQ11011 Sunset Hills Road, Reston, VA, USA, 20190
to

Financials (EUR)

Profitability

Metric
Current
Margins
Gross Margin
15.4%
Operating Margin
10.3%
EBITDA Margin
12.3%
Net Margin
8.2%
OCF Margin
14.1%
FCF Margin
11.8%
Returns on Capital
ROE
17.7%
ROA
7.7%
ROIC
9.2%
ROCE
14.5%
ROC (Greenblatt)
81.0%
3Y ROIIC
16.9%
Consistency
Years Profitable / 10Y
10

Valuation

Metric
Current
Earnings Multiples
P/E (TTM)
24.05
Forward P/E
22.87
P/E ex-NRI
24.05
Shiller P/E (CAPE)
27.37
Cash Flow Multiples
P/FCF
16.73
P/OCF
14.00
P/Owner Earnings
14.49
FCF Yield
6.04%
Enterprise Value Multiples
EV / EBIT
19.31
EV / Forward EBIT
19.20
EV / EBITDA
16.61
EV / Forward EBITDA
16.59
EV / Revenue
2.04
EV / Forward Revenue
2.00
Asset / Sales
P/S
1.97
P/B
3.98
P/Tangible Book
23.09
Growth-Adjusted
PEG
4.54

Capital Returns

Metric
Current
Dividends
Dividend Yield (TTM)
1.54%
Forward Dividend Yield
1.61%
3Y Dividend Growth
6.0%
Payout Ratio
0.38
5Y Yield on Cost
2.12%
Buybacks & Dilution
3Y Buyback Ratio
0.50%
Combined
Shareholder Yield
3.05%

Balance Sheet

Metric
Current
Leverage
Debt / Equity
0.35
Gross Debt / EBITDA
1.41
Cash / Debt
0.46
Equity / Assets
0.45
Coverage
Interest Coverage
16.51
Short-Term Liquidity
Current Ratio
1.44
Quick Ratio
0.96
Cash Ratio
0.23
Composite Scores
Piotroski F-Score
7
Altman Z-Score
4.37

5-Step DuPont Analysis

ROE %
17.65%
Net Margin %
8.18%
Operating Margin %
10.32%
Operating Income
€4.87B
÷
Revenue
€47.17B
×
Tax Burden
0.8237
Net Income
€3.86B
÷
Pretax Income
€4.68B
×
Interest Burden
0.9618
Pretax Income
€4.68B
÷
Operating Income
€4.87B
×
Asset Turnover
0.93
Revenue
€47.17B
÷
Average Total Assets
€50.77B
Begin Total Assets
€49.32B
End Total Assets
€52.22B
×
Equity Multiplier
2.32
Avg Total Assets
€50.77B
÷
Avg Stockholders Equity
€21.86B
Begin Equity
€20.44B
End Equity
€23.29B