Martin Marietta Materials Inc

Industrials
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
www.martinmarietta.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $35.51B
PE 18
Debt $4.14B
Cash $52.00M
EV $39.60B
FCF $520.70M

Earnings

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Sales & Net Margins

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Earnings	$1.98B
EBIT	$2.68B
ROE	22%
ROA	16%
FCF	$520.70M
Equity	$9.17B
Growth Stability	99%
PE	17.9
PEG	0.67
PB	3.87
P/FCF	68.2
P/S	5.45
Price/Cash	0
Debt/Equity	0.45
Debt/FCF	7.95
Net Margins	35%
Gross Margins	29%
Op. Margins	41%
Earnings CAGR	17%
Sales Growth YoY	-5%
Sales Growth QoQ	7%
Sales CAGR	8%
FCF CAGR	14%
Equity CAGR	9%
Earnings Stability	0.79
Earnings Growth YoY	-13%
Earnings Growth QoQ	23%
Earnings CAGR 5Y	27%

Sales CAGR 5Y	10%
FCF CAGR 5Y	-1%
Equity CAGR 5Y	12%
Earnings CAGR 3Y	7%
Sales CAGR 3Y	7%
FCF CAGR 3Y	2%
Equity CAGR 3Y	14%
Market Cap	$35.51B
Revenue	$6.51B
Dividend Yield	1%
Payout Ratio	9%
Assets	$16.47B
Total Debt	$4.14B
Cash	$52.00M
Shares Outstanding	61.1M
EV	39.6B
Earnings Score	93%
Moat Score	96%
Safety Score	80%
Final Score	90%
Working Capital	1.33B
Current Ratio	2.34
Gross Profit	$1.87B
Shares Growth 3y	-1%
Equity Growth QoQ	4%
Equity Growth YoY	18%

Assets & ROA

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Stockholders Equity & ROE

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Martin Marietta Materials is one of the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). In 2021, Martin Marietta sold 201 million tons of aggregates. Martin Marietta's most important markets include Texas, Colorado, North Carolina, Georgia, and Florida, accounting for most of its sales. The company also produces cement in Texas and uses its aggregates in its asphalt and ready-mixed concrete businesses. Martin's magnesia specialties business produces magnesia-based chemical products and dolomitic lime.

SEC Filings

Direct access to Martin Marietta Materials Inc (MLM) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Martin Marietta Materials Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Martin Marietta Materials Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 17%

Stability 79%

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Martin Marietta Materials Inc Discounted Cash Flow

Fully customizable DCF calculator online for Martin Marietta Materials Inc.

Years

Calculation mode

= $14B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$521M	$595M	$680M	$777M	$888M	$1B	$1.2B	$1.3B	$1.5B	$1.7B	$2B	$20B
DCF		$541M	$562M	$584M	$606M	$630M	$654M	$680M	$706M	$733M	$762M	$7.6B
Value	$14B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	5%	8%	11%	18%	11%	13%	15%	13%	14%	17%	35%
ROA	-	7%	9%	8%	7%	9%	10%	7%	8%	11%	16%
ROE	-	7%	10%	15%	9%	11%	12%	11%	12%	15%	22%

Good Net Margins (34.68%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	6.25	6.4	13.44	10.66	5.44	3.8	7.14	11.27	5.4	7.95
Debt over Equity	0.37	0.39	0.45	0.71	0.71	0.58	0.45	0.78	0.8	0.59	0.45
Growth Stability	-	-	-	100%	99%	100%	100%	100%	100%	100%	99%

Bad Debt/FCF ratio (7.95)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.45)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (99%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	20%	8%	4%	7%	12%	-0%	14%	14%	10%	10%
Earnings YoY growth	-	87%	47%	68%	-34%	30%	18%	-3%	23%	35%	27%
Equity YoY growth	-	-7%	2%	13%	6%	8%	10%	11%	10%	12%	12%
FCF YoY growth	-	71%	14%	-15%	33%	74%	21%	4%	-29%	72%	-1%