MLM Intrinsic Stock Value – Martin Marietta Materials Stock Rises Thursday Despite Underperformance in Market
November 3, 2023
🌥️Trending News
Martin Marietta Materials ($NYSE:MLM) Inc., a publicly-traded American construction materials producer, saw their stock increase on Thursday, despite the fact that it lagged behind the market as a whole. This marks a positive turn for the company, which is an industry leader in terms of diversifying their product mix and production operations.
Additionally, Martin Marietta Materials Inc. also owns and operates cement plants, asphalt plants, and ready mix concrete plants across the United States. The company is also involved in other related activities, such as magnesia chemicals, contracting services, and building products. The stock rise on Thursday is a welcome development for Martin Marietta Materials Inc., which has struggled to keep their stock prices up in the face of the current market conditions. Nevertheless, the company still remains a strong player in the construction materials sector, and is well positioned to take advantage of the increasing demand for building materials due to the recovering economy.
Share Price
Martin Marietta Materials Inc. stock rose Thursday despite the market’s underperformance. The stock opened at $441.2 and closed at $440.7, up by 0.4% from the previous closing price of 439.2. This slight increase in the stock price was a bright spot in an otherwise gloomy day for the markets as a whole. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for MLM. More…
| Total Revenues | Net Income | Net Margin |
| 6.46k | 938.1 | 14.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MLM. More…
| Operations | Investing | Financing |
| 1.22k | -1.11k | -459.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for MLM. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.25k | 7.82k | 119.76 |
Key Ratios Snapshot
Some of the financial key ratios for MLM are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.8% | 14.2% | 21.4% |
| FCF Margin | ROE | ROA |
| 10.4% | 11.8% | 5.7% |
Analysis – MLM Intrinsic Stock Value
At GoodWhale, we have taken a deep dive into the fundamentals of MARTIN MARIETTA MATERIALS. After working with our proprietary Valuation Line tool, we have determined that the intrinsic value of the MARTIN MARIETTA MATERIALS share is around $416.5. Currently, the stock is trading at $440.7 which is a fair price but represents a slight 5.8% overvaluation. More…
Peers
Martin Marietta Materials, Inc. is engaged in the production and sale of construction aggregates, primarily crushed stone, sand and gravel, through a network of operations in 32 states, Canada and the Bahamas. It is one of the largest producers of construction aggregates in the United States.
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Summary
Martin Marietta Materials Inc.’s stock rose on Thursday, though the increase was less than the overall market. Despite this, analysts remain positive on the stock, citing the company’s strong fundamentals and good long-term outlook. The company has made substantial investments in organic growth initiatives, as well as acquisitions and strategic partnerships to expand its capabilities. As a result, it has been able to benefit from increased demand for construction materials, which could drive further stock gains in the future.
Analysts recommend that investors take a long-term view of the company and buy shares at the current favorable price. They believe that Martin Marietta has a solid base on which to build future growth, making it an attractive investment for long-term gains.
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