Martin Marietta Materials Inc Stock Research

Market Summary

USD399.160.00

Market Closed

0.00%

MLM Alerts

Big jump in Earnings (Y/Y)

MLM Stock Price

MLM RSI Chart

MLM Valuation

Market Cap

24.7B

Price/Earnings (Trailing)

25.6

Price/Sales (Trailing)

3.94

EV/EBITDA

12.88

Price/Free Cashflow

53.12

MLM Price/Sales (Trailing)

MLM Profitability

EBT Margin

17.71%

Return on Equity

12.09%

Return on Assets

5.78%

Free Cashflow Yield

1.88%

MLM Fundamentals

MLM Revenue

Revenue (TTM)

6.3B

Revenue Y/Y

10.02%

Revenue Q/Q

-8.29%

MLM Earnings

Earnings (TTM)

966.8M

Earnings Y/Y

467.29%

Earnings Q/Q

-33.88%

Price Action

52 Week Range

284.99410.48

(Low)(High)

Last 7 days

-2.3%

Last 30 days

15.9%

Last 90 days

10.2%

Trailing 12 Months

19.5%

MLM Financial Health

Current Ratio

1.99

Debt/Equity

0.7

Debt/Cashflow

0.2

MLM Investor Care

Dividend Yield

0.65%

Dividend/Share (TTM)

2.59

Buy Backs (1Y)

0.64%

Diluted EPS (TTM)

15.49

Peers (Alternatives to Martin Marietta Materials)

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
APD	60.8B	13.1B	-4.15%	14.48%	27.95	4.63	15.36%	-2.58%
FCX	60.3B	21.6B	-6.73%	-8.68%	13.46	2.65	-12.33%	-16.51%
ECL	47.5B	14.5B	2.66%	2.01%	43.53	3.28	10.51%	-3.38%
VMC	26.1B	7.4B	17.61%	19.85%	43.16	3.51	23.22%	0.43%
MLM	24.7B	6.3B	15.86%	19.49%	25.6	3.94	10.98%	46.80%
MID-CAP
CLF	7.4B	22.3B	-3.23%	-38.79%	14.22	0.33	37.87%	-86.51%
AA	6.5B	11.8B	-4.96%	-46.05%	-9.33	0.55	-5.94%	-182.31%
BERY	6.0B	13.5B	5.70%	1.46%	7.93	0.41	-8.15%	-3.74%
EXP	6.0B	2.1B	15.79%	27.52%	13.83	2.88	16.71%	19.01%
HL	3.6B	731.9M	-14.26%	8.62%	-96.66	5.02	-6.54%	-351.02%
SMALL-CAP
TGLS	1.9B	784.7M	-4.34%	95.29%	10.44	2.44	50.96%	126.45%
CMP	1.3B	1.2B	4.26%	-26.75%	-35.22	1.07	3.06%	-1265.62%
USLM	1.1B	252.0M	13.79%	57.08%	19.91	4.25	26.97%	39.25%
IPI	241.5M	-	-25.85%	-70.70%	3.34	-	-	-71.09%

Financials for Martin Marietta Materials

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	2.0%	6,284	6,161	6,181	5,926	5,662
Gross Profit	10.3%	1,570	1,423	1,416	1,370	1,330
S&GA Expenses	1.8%	404	397	399	390	368
EBITDA	3.5%	1,766	1,707	1,646	1,441	-
EBITDA Margin	3.8%	0.29*	0.28*	1.94*	0.25*	-
Earnings Before Taxes	12.8%	1,231	1,091	1,026	974	804
EBT Margin	6.7%	0.18*	0.17*	1.14*	0.14*	-
Interest Expenses	1.0%	171	169	169	171	156
Net Income	11.5%	967	867	840	799	659
Net Income Margin	3.5%	0.14*	0.14*	0.94*	0.12*	-
Free Cahsflow	0.4%	509	507	552	663	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-0.7%	14,891	14,994	14,730	14,543	14,242
Current Assets	-2.2%	2,813	2,877	2,847	2,760	1,988
Cash Equivalents	-35.9%	230	358	136	772	190
Inventory	8.6%	949	874	823	835	782
Net PPE	-0.6%	6,280	6,317	6,154	6,164	6,209
Goodwill	0%	3,650	3,650	3,640	3,401	3,392
Liabilities	-1.4%	7,713	7,821	7,792	7,771	7,810
Current Liabilities	-8.1%	1,328	1,446	1,420	761	713
Long Term Debt	-0.1%	5,040	5,044	5,102	-	-
LT Debt, Current	0.1%	700	699	699	-	-
LT Debt, Non Current	0.0%	4,342	4,341	4,340	5,044	5,102
Shareholder's Equity	0.1%	7,178	7,171	6,936	6,772	6,431
Retained Earnings	0.1%	3,725	3,719	3,577	3,423	3,095
Additional Paid-In Capital	-0.1%	3,487	3,489	3,483	3,474	3,463
Accumulated Depreciation	2.4%	4,246	4,147	4,043	-	-
Shares Outstanding	-0.2%	62.00	62.00	62.00	62.00	62.00
Minority Interest	8.7%	3.00	2.00	2.00	2.00	2.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-0.9%	982	991	918	983	1,116
Share Based Compensation	4.0%	44.00	43.00	44.00	47.00	44.00
Cashflow From Investing	-6.1%	-513	-483	-2,740	-2,218	-3,509
Cashflow From Financing	-5.2%	-428	-407	-425	1,937	2,228
Dividend Payments	1.7%	162	159	156	153	151
Buy Backs	16.7%	175	150	150	50.00	67.00

Risks for MLM

What is the probability of a big loss on MLM?

57.3%

Probability that Martin Marietta Materials stock will be more than 20% underwater in next one year

45%

Probability that Martin Marietta Materials stock will be more than 30% underwater in next one year.

18.1%

Probability that Martin Marietta Materials 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 MLM drawdown profile look like?

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

Drawdowns

Returns for MLM

Cumulative Returns on MLM

14.8%

10-Year Cumulative Returns

11.8%

7-Year Cumulative Returns

13.7%

5-Year Cumulative Returns

29.0%

3-Year Cumulative Returns

What are the long-term rolling returns for MLM?

FIve years rolling returns for Martin Marietta Materials.

Annualized Returns

Which funds bought or sold MLM recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-23	Toroso Investments, LLC	added	124	928,000	1,612,000	0.03%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-2.43	1,048,730	42,963,700	0.01%
2023-05-18	CENTAURUS FINANCIAL, INC.	added	9.45	15,000	119,000	0.01%
2023-05-18	SkyView Investment Advisors, LLC	new	-	2,000	2,000	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-2.36	733,000	29,207,000	0.04%
2023-05-18	JPMORGAN CHASE & CO	reduced	-13.57	-67,154,900	663,097,000	0.08%
2023-05-17	KB FINANCIAL PARTNERS, LLC	added	8.00	7,000	58,000	0.02%
2023-05-17	HARVEY CAPITAL MANAGEMENT INC	reduced	-1.12	228,471	6,115,910	2.41%
2023-05-17	Thrivent Financial for Lutherans	added	7.97	1,959,000	16,542,000	0.04%
2023-05-17	Chevy Chase Trust Holdings, LLC	added	0.9	754,484	13,315,800	0.05%

Latest Funds Activity

Are funds buying MLM calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own MLM

No. of Funds

MLM Alerts

Big jump in Earnings (Y/Y)

Martin Marietta Materials News

Schedule 13G FIlings of Martin Marietta Materials

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 03, 2023	baillie gifford & co	4.85%	3,009,821	SC 13G/A
Feb 14, 2023	aristotle capital management, llc	5.32%	3,302,718	SC 13G/A
Feb 14, 2023	select equity group, l.p.	5.8%	3,610,893	SC 13G/A
Feb 09, 2023	vanguard group inc	11.28%	7,004,469	SC 13G/A
Feb 01, 2023	blackrock inc.	6.5%	4,025,394	SC 13G/A
Jan 20, 2023	baillie gifford & co	5.07%	3,148,351	SC 13G/A
Feb 14, 2022	select equity group, l.p.	5.62%	3,505,954	SC 13G/A
Feb 14, 2022	aristotle capital management, llc	5.78%	3,602,598	SC 13G/A
Feb 10, 2022	vanguard group inc	10.81%	6,745,377	SC 13G/A
Feb 09, 2022	state street corp	4.46%	2,785,128	SC 13G/A

MLM Fair Value

Martin Marietta Materials fair value in different scenarios

The table shows the Fair Value estimates for Martin Marietta Materials 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	214.38 -46.29%	256.68 -35.69%	329.47 -17.46%	423.86 6.19%	517.13 29.55%
Current Inflation	198.42 -50.29%	234.32 -41.30%	295.23 -26.04%	374.41 -6.20%	452.56 13.38%
Very High Inflation	178.72 -55.23%	207.26 -48.08%	254.74 -36.18%	316.86 -20.62%	378.10 -5.28%

Historical Martin Marietta Materials Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Martin Marietta Materials

View All Filings

Date Filed	Form Type	Document
May 26, 2023	8-K	Current Report
May 19, 2023	144	Notice of Insider Sale Intent
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading

Latest Insider Trading transactions for MLM

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-11	KORALESKI JOHN J	acquired	145,006	400	362	-
2023-05-11	WAJSGRAS DAVID C	acquired	145,006	400	362	-
2023-05-11	Pike Thomas	acquired	145,006	400	362	-
2023-05-11	Quillen Michael J	acquired	145,006	400	362	-
2023-05-11	Foxx Anthony R	acquired	145,006	400	362	-
2023-05-11	COLE SUE W	acquired	145,006	400	362	-
2023-05-11	SLAGER DONALD W	acquired	145,006	400	362	-
2023-05-11	Ables Dorothy M	acquired	145,006	400	362	-
2023-05-11	PEREZ LAREE E	acquired	145,006	400	362	-
2023-03-13	Cardin Robert J	sold (taxes)	-180,580	333	-541	sr. vp, controller and cao

About Martin Marietta Materials

C. Howard Nye

www.martinmarietta.com

10000

Martin Marietta Materials, Inc., a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries. The company also produces magnesia-based chemicals products that are used in industrial, agricultural, and environmental applications; and dolomitic lime primarily to customers for steel production and soil stabilization. Its chemical products are used in flame retardants, wastewater treatment, pulp and paper production, and other environmental applications. The company was founded in 1939 and is headquartered in Raleigh, North Carolina.

MLM Income Statement

2023-03-31

Consolidated Statements of Earnings and Comprehensive Earnings (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Total Revenues	$ 1,354.1	$ 1,230.8
Total Cost of Revenues	1,051.3	1,074.7
Gross Profit	302.8	156.1
Selling, general and administrative expenses	104.3	97.1
Acquisition and integration expenses	0.8	1.4
Other operating expense (income), net	1.6	(2.3)
Earnings from Operations	196.1	59.9
Interest expense	42.2	40.5
Other nonoperating income, net	(16.1)	(10.8)
Earnings from continuing operations before income tax expense	170.0	30.2
Income tax expense	35.5	5.8
Earnings from continuing operations	134.5	24.4
Loss from discontinued operations, net of income tax benefit	(12.9)	(3.1)
Consolidated net earnings	121.6	21.3
Less: Net earnings (loss) attributable to noncontrolling interests	0.2	(0.1)
Net Earnings Attributable to Martin Marietta	121.4	21.4
Consolidated Comprehensive Earnings (Loss) :
Consolidated comprehensive earnings (loss) attributable to Martin Marietta	122.5	(10.2)
Earnings (Loss) attributable to noncontrolling interests	0.2	(0.1)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	$ 122.7	$ (10.3)
Net Earnings (Loss) Attributable to Martin Marietta Per Common Share:
Basic from continuing operations attributable to common shareholders	$ 2.17	$ 0.39
Basic from discontinued operations attributable to common shareholders	(0.21)	(0.05)
Basic attributable to common shareholders	1.96	0.34
Diluted from continuing operations attributable to common shareholders	2.16	0.39
Diluted from discontinued operations attributable to common shareholders	(0.21)	(0.05)
Diluted attributable to common shareholders	$ 1.95	$ 0.34
Weighted-Average Common Shares Outstanding:
Basic	62.1	62.4
Diluted	62.2	62.6

MLM Balance Sheet

2023-03-31

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 229.4	$ 358.0
Restricted cash	0.1	0.8
Restricted investments	702.3	704.6
Accounts receivable, net	796.7	785.9
Inventories, net	948.7	873.7
Current assets held for sale	60.1	73.2
Other current assets	75.4	80.7
Total Current Assets	2,812.7	2,876.9
Property, plant and equipment	10,721.0	10,661.0
Allowances for depreciation, depletion and amortization	(4,441.5)	(4,344.3)
Net property, plant and equipment	6,279.5	6,316.7
Goodwill	3,649.5	3,649.5
Other intangibles, net	840.8	847.8
Operating lease right-of-use assets, net	382.9	383.5
Noncurrent assets held for sale	374.6	372.5
Other noncurrent assets	550.9	546.7
Total Assets	14,890.9	14,993.6
Current Liabilities:
Accounts payable	302.6	385.0
Accrued salaries, benefits and payroll taxes	37.9	71.6
Accrued other taxes	51.9	55.4
Accrued interest	41.2	42.8
Current maturities of discharged long-term debt	699.6	699.1
Operating lease liabilities	53.3	52.1
Current liabilities held for sale	4.2	4.5
Other current liabilities	137.3	135.1
Total Current Liabilities	1,328.0	1,445.6
Long-term debt	4,342.0	4,340.9
Deferred income taxes, net	921.0	914.3
Noncurrent operating lease liabilities	337.3	335.9
Noncurrent liabilities held for sale	21.2	21.8
Other noncurrent liabilities	763.9	762.3
Total Liabilities	7,713.4	7,820.8
Equity:
Common stock, par value $0.01 per share (62.0 shares and 62.1 shares outstanding at March 31, 2023 and December 31, 2022, respectively)	0.6	0.6
Preferred stock, par value $0.01 per share	0.0	0.0
Additional paid-in capital	3,487.2	3,489.0
Accumulated other comprehensive loss	(37.4)	(38.5)
Retained earnings	3,724.6	3,719.4
Total Shareholders' Equity	7,175.0	7,170.5
Noncontrolling interests	2.5	2.3
Total Equity	7,177.5	7,172.8
Total Liabilities and Equity	$ 14,890.9	$ 14,993.6