General Dynamics Corp Stock Research

Market Summary

USD220.05+3.30

Delayed

1.52%

GD Stock Price

GD RSI Chart

GD Valuation

Market Cap

60.4B

Price/Earnings (Trailing)

17.82

Price/Sales (Trailing)

1.53

EV/EBITDA

13.9

Price/Free Cashflow

17.44

GD Price/Sales (Trailing)

GD Profitability

EBT Margin

10.24%

Return on Equity

18.26%

Return on Assets

6.57%

Free Cashflow Yield

5.74%

GD Fundamentals

GD Revenue

Revenue (TTM)

39.4B

Revenue Y/Y

5.43%

Revenue Q/Q

8.78%

GD Earnings

Earnings (TTM)

3.4B

Earnings Y/Y

4.2%

Earnings Q/Q

9.98%

Price Action

52 Week Range

205.77256.86

(Low)(High)

Last 7 days

-4.5%

Last 30 days

-6.9%

Last 90 days

-11.6%

Trailing 12 Months

-7.3%

GD Financial Health

Current Ratio

1.37

Debt/Equity

0.67

Debt/Cashflow

0.5

GD Investor Care

Dividend Yield

2.01%

Dividend/Share (TTM)

5.04

Buy Backs (1Y)

1.67%

Diluted EPS (TTM)

12.19

Peers (Alternatives to General Dynamics)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
LMT	124.0B	66.0B	-1.80%	6.15%	21.64	1.88	-1.58%	-9.23%
BA	121.1B	66.6B	-8.09%	10.18%	-24.54	1.82	6.94%	-17.44%
GD	60.4B	39.4B	-6.93%	-7.26%	17.82	1.53	2.44%	4.08%
TDG	40.7B	5.6B	-5.86%	7.91%	43.68	7.22	15.29%	17.40%
TXT	13.9B	12.9B	-11.57%	-7.86%	16.15	1.08	3.93%	15.42%
MID-CAP
HEI	9.7B	2.3B	-5.88%	12.02%	27.48	4.38	20.68%	11.62%
HII	8.2B	10.7B	-6.17%	3.09%	14.14	0.77	12.10%	6.43%
CW	6.5B	2.6B	-3.30%	11.06%	22.06	2.54	2.04%	10.18%
MRCY	2.7B	1000.0M	-11.61%	-25.68%	-638.79	2.68	4.92%	-117.67%
SPR	2.4B	5.0B	-19.30%	-32.03%	-5.96	0.54	27.24%	-0.91%
SMALL-CAP
DCO	632.3M	712.5M	-9.80%	-0.19%	21.96	0.89	10.40%	-78.76%
ATRO	292.4M	492.8M	-12.53%	-2.77%	-14.86	0.62	11.07%	41.98%
CVU	40.7M	79.0M	-29.06%	0.98%	21.6	0.51	-22.86%	-74.91%
ASTC	18.4M	422.0K	-11.58%	1435.23%	-2.03	43.51	-48.03%	-12.24%
AIRI	12.6M	54.8M	-25.57%	-53.76%	8.82	0.23	-5.59%	-32.59%

Financials for General Dynamics

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	1.4%	39,407	38,848	38,441	38,472	38,469
S&GA Expenses	1.0%	2,411	2,387	2,370	2,312	2,245
Costs and Expenses	1.5%	35,196	34,678	34,289	34,339	34,306
EBITDA	2.2%	4,258	4,165	4,100	4,049	-
EBITDA Margin	0.8%	0.11*	0.11*	0.11*	0.11*	-
Earnings Before Taxes	2.0%	4,036	3,957	3,919	3,877	3,873
EBT Margin	0.5%	0.10*	0.10*	0.10*	0.10*	-
Interest Expenses	2.2%	-364	-372	-385	-399	-424
Net Income	1.2%	3,390	3,350	3,308	3,279	3,257
Net Income Margin	-0.2%	0.09*	0.09*	0.09*	0.09*	-
Free Cahsflow	-24.5%	3,465	4,587	4,834	5,342	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.9%	51,585	51,116	50,481	50,876	50,073
Current Assets	0.3%	21,063	21,005	20,579	20,794	19,987
Cash Equivalents	-50.2%	1,242	2,496	2,223	2,900	1,600
Inventory	1.0%	6,322	6,257	6,158	5,548	5,340
Net PPE	6.0%	5,900	5,565	5,479	5,450	5,417
Goodwill	0.9%	20,334	20,155	20,002	20,114	20,098
Current Liabilities	-2.0%	15,341	15,659	14,736	14,036	13,978
Long Term Debt	-	11,606	-	-	-	-
LT Debt, Non Current	0.0%	9,243	9,239	9,741	10,491	10,490
Shareholder's Equity	5.2%	18,568	17,651	17,381	18,014	17,641
Retained Earnings	1.7%	37,403	36,774	36,218	35,800	35,420
Additional Paid-In Capital	1.3%	3,556	3,511	3,466	3,434	3,278
Shares Outstanding	0.1%	275	274	278	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-18.1%	4,579	5,592	5,780	6,236	4,271
Share Based Compensation	-2.9%	165	170	174	182	126
Cashflow From Investing	-8.0%	-1,489	-1,379	-939	-898	-882
Cashflow From Financing	28.8%	-3,471	-4,873	-5,582	-4,234	-4,590
Dividend Payments	1.0%	1,369	1,356	1,343	1,330	1,315
Buy Backs	-15.6%	1,229	1,456	1,570	1,363	1,828

Risks for GD

What is the probability of a big loss on GD?

39.2%

Probability that General Dynamics stock will be more than 20% underwater in next one year

25.8%

Probability that General Dynamics stock will be more than 30% underwater in next one year.

8.8%

Probability that General Dynamics stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does GD drawdown profile look like?

Y-axis is the maximum loss one would have experienced if General Dynamics was unfortunately bought at previous high price.

Drawdowns

Returns for GD

Cumulative Returns on GD

14.5%

10-Year Cumulative Returns

9.5%

7-Year Cumulative Returns

1.8%

5-Year Cumulative Returns

18.6%

3-Year Cumulative Returns

What are the long-term rolling returns for GD?

FIve years rolling returns for General Dynamics.

Annualized Returns

Which funds bought or sold GD recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	added	20.1	688,545	2,395,540	0.07%
2023-03-13	Claro Advisors LLC	added	12.17	214,313	1,045,310	0.34%
2023-03-10	MATHER GROUP, LLC.	reduced	-7.15	1,033,870	13,084,900	0.25%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	3.54	13,178,500	75,714,500	0.08%
2023-03-08	Pacific Wealth Management	reduced	-10.82	50,842	1,252,840	0.92%
2023-03-08	Capital Asset Advisory Services LLC	reduced	-19.52	-31,334	918,666	0.07%
2023-03-06	Rockefeller Capital Management L.P.	added	5.7	4,582,000	23,994,000	0.12%
2023-03-03	TIAA, FSB	reduced	-0.9	250,090	1,826,090	0.01%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	151,595	151,595	-%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	unchanged	-	1,210	5,210	-%

Latest Funds Activity

Are funds buying GD calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own GD

No. of Funds

General Dynamics News

Schedule 13G FIlings of General Dynamics

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	8.08%	22,185,218	SC 13G/A
Feb 06, 2023	wellington management group llp	5.07%	13,909,259	SC 13G/A
Feb 03, 2023	blackrock inc.	5.7%	15,785,670	SC 13G
Feb 11, 2022	newport trust co	6.26%	17,470,557	SC 13G/A
Feb 09, 2022	vanguard group inc	7.23%	20,185,636	SC 13G/A
Feb 04, 2022	wellington management group llp	5.89%	16,459,527	SC 13G/A
Feb 16, 2021	capital research global investors	4.1%	11,632,374	SC 13G/A
Feb 11, 2021	newport trust co	6.64%	19,052,899	SC 13G/A
Feb 10, 2021	vanguard group inc	7.17%	20,583,367	SC 13G/A
Feb 04, 2021	wellington management group llp	5.32%	15,275,054	SC 13G

GD Fair Value

General Dynamics fair value in different scenarios

The table shows the Fair Value estimates for General Dynamics for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	114.85 -47.81%	152.60 -30.65%	192.34 -12.59%	269.51 22.48%	329.92 49.93%
Current Inflation	91.42 -58.45%	112.72 -48.78%	162.40 -26.20%	220.45 0.18%	284.90 29.47%
Very High Inflation	94.13 -57.22%	119.91 -45.51%	144.10 -34.51%	195.43 -11.19%	234.60 6.61%

Historical General Dynamics Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of General Dynamics

View All Filings

Date Filed	Form Type	Document
Mar 14, 2023	PRE 14A	PRE 14A
Mar 10, 2023	4	Insider Trading
Mar 09, 2023	4	Insider Trading
Mar 09, 2023	4	Insider Trading
Mar 09, 2023	4	Insider Trading
Mar 09, 2023	4	Insider Trading
Mar 09, 2023	4	Insider Trading
Mar 09, 2023	4	Insider Trading
Mar 09, 2023	4	Insider Trading
Mar 09, 2023	4	Insider Trading

Latest Insider Trading transactions for GD

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-08	DE LEON RUDY F	acquired	-	-	375	-
2023-03-08	NOVAKOVIC PHEBE N	acquired	-	-	13,620	chairman and ceo
2023-03-08	STEEL ROBERT K	acquired	-	-	375	-
2023-03-08	Gallopoulos Gregory S	acquired	-	-	3,105	senior vp, gen. counsel, sec.
2023-03-08	Clarke Richard D	acquired	-	-	375	-
2023-03-08	Moss William A	acquired	-	-	1,090	vice president and controller
2023-03-08	Nye C Howard	acquired	-	-	375	-
2023-03-08	Burns Mark Lagrand	acquired	-	-	4,175	vice president
2023-03-08	Brady Christopher J	acquired	-	-	2,140	vice president
2023-03-08	Schumacher Laura J	acquired	-	-	375	-

About General Dynamics

Phebe N. Novakovic

www.generaldynamics.com

65535

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment designs, manufactures, and sells business jets; and offers aircraft maintenance and repair, management, charter, aircraft-on-ground support and completion, staffing, and fixed-base operator services. The Marine Systems segment designs and builds nuclear-powered submarines, surface combatants, and auxiliary ships for the United States Navy and Jones Act ships for commercial customers, as well as builds crude oil and product tankers, and container and cargo ships. This segment also provides navy ships maintenance and modernization services; lifecycle support and repair services for navy surface ships; and program management, planning, engineering, and design support services for submarines and surface ships. The Combat Systems segment manufactures land combat solutions, such as wheeled and tracked combat vehicles, Stryker wheeled combat vehicles, piranha vehicles, weapons systems, munitions, mobile bridge systems with payloads, tactical vehicles, main battle tanks, armored vehicles, and armaments. This segment also offers modernization programs, engineering, support, and sustainment services. The Technologies segment provides information technology solutions and mission support services; mobile communication, computers, and command-and-control mission systems; and intelligence, surveillance, and reconnaissance solutions to military, intelligence, and federal civilian customers. This segment also offers cloud computing, artificial intelligence; machine learning; big data analytics; development, security, and operations; software-defined networks; everything-as-a-service; defense enterprise office system solutions; and unmanned undersea vehicle manufacturing and assembly services. General Dynamics Corporation was founded in 1899 and is headquartered in Reston, Virginia.

GD Income Statement

2022-10-02

Consolidated Statement of Earnings (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 02, 2022	Oct. 03, 2021	Oct. 02, 2022	Oct. 03, 2021
Revenue:
Total revenue	$ 9,975	$ 9,568	$ 28,556	$ 28,177
Operating costs and expenses:
General and administrative (G&A)	(567)	(550)	(1,807)	(1,665)
Operating costs and expenses, total	(8,877)	(8,488)	(25,572)	(25,200)
Operating earnings	1,098	1,080	2,984	2,977
Other, net	41	34	120	95
Interest, net	(86)	(99)	(279)	(331)
Earnings before income tax	1,053	1,015	2,825	2,741
Provision for income tax, net	(151)	(155)	(427)	(436)
Net earnings	$ 902	$ 860	$ 2,398	$ 2,305
Earnings per share
Basic (in dollars per share)	$ 3.29	$ 3.09	$ 8.70	$ 8.20
Diluted (in dollars per share)	$ 3.26	$ 3.07	$ 8.61	$ 8.16
Products
Revenue:
Total revenue	$ 5,935	$ 5,518	$ 16,201	$ 16,033
Operating costs and expenses:
Cost of sales	(4,905)	(4,552)	(13,386)	(13,249)
Services
Revenue:
Total revenue	4,040	4,050	12,355	12,144
Operating costs and expenses:
Cost of sales	$ (3,405)	$ (3,386)	$ (10,379)	$ (10,286)

GD Balance Sheet

2022-10-02

Consolidated Balance Sheet - USD ($)
$ in Millions

Oct. 02, 2022

Dec. 31, 2021

Current assets:

Cash and equivalents

$ 2,496

$ 1,603

Accounts receivable

2,794

3,041

Unbilled receivables

8,111

8,498

Inventories

6,257

5,340

Other current assets

1,347

1,505

Total current assets

21,005

19,987

Noncurrent assets:

Property, plant and equipment, net

5,565

5,417

Intangible assets, net

1,921

1,978

Goodwill

^[1]

20,155

20,098

Other assets

2,470

2,593

Total noncurrent assets

30,111

30,086

Total assets

51,116

50,073

Current liabilities:

Short-term debt and current portion of long-term debt

2,252

1,005

Accounts payable

3,106

3,167

Customer advances and deposits

6,661

6,266

Other current liabilities

3,640

3,540

Total current liabilities

15,659

13,978

Noncurrent liabilities:

Long-term debt

9,239

10,490

Other liabilities

8,567

7,964

Commitments and contingencies (see Note J)

Total noncurrent liabilities

17,806

18,454

Shareholders’ equity:

Common stock

482

Surplus

3,511

3,278

Retained earnings

36,774

35,420

Treasury stock

(20,638)

(19,619)

Accumulated other comprehensive loss

(2,478)

(1,920)

Total shareholders’ equity

17,651

17,641

Total liabilities and shareholders’ equity

$ 51,116

$ 50,073

[1]	Goodwill in the Technologies reporting unit was net of $1.8 billion of accumulated impairment losses.