MLM Stock Fair Value Calculator – MARTIN MARIETTA Materials Sees Slight Gain In Shares Despite Overall Weak Trading Day
March 28, 2024
☀️Trending News
Martin Marietta Materials ($NYSE:MLM) is a leading supplier of aggregates, cement, and ready-mixed concrete used in construction projects across the United States. Despite a generally weak day of trading on Tuesday, shares of Martin Marietta Materials saw a slight increase of 0.87% to reach $610.10. This positive movement may come as a surprise to some investors, given the overall downward trend in the market.
However, this gain is reflective of the company’s strong financial performance and position in the industry. Despite these challenges, Martin Marietta Materials has remained resilient and has reported consistent earnings growth. This growth can be attributed to increased demand for materials in the residential construction market, as well as strong pricing power for its products. In addition to its strong financial performance, Martin Marietta Materials is well-positioned for future growth. The company has a solid balance sheet with low debt levels and strong cash flow, allowing it to invest in strategic acquisitions and capital projects. Most recently, Martin Marietta acquired Lehigh Hanson’s West Region business, expanding its presence in key markets such as California and Arizona. Despite facing headwinds from the pandemic, Martin Marietta Materials has shown its resilience and ability to navigate through challenging times. With a strong financial position, consistent earnings growth, and strategic acquisitions, the company is well-positioned for continued success in the construction materials industry.
Share Price
The stock opened at $614.2 and closed at $611.9, marking a 0.3% increase from its previous closing price of 610.1. This small gain may seem insignificant, but it is still a positive sign for the company amidst a day of lackluster performance in the stock market. The company’s ability to maintain a positive movement in its stock price can be attributed to its strong financial standing and consistent performance in the construction materials industry. Investors may also have responded positively to recent news about the company. In March, MARTIN MARIETTA MATERIALS announced that it had acquired Lehigh Hanson’s West Region business, which includes six aggregates quarries and eight ready-mixed concrete plants.
This acquisition is expected to further strengthen the company’s position in key regions and drive growth. Despite the challenges posed by the ongoing pandemic, MARTIN MARIETTA MATERIALS has continued to perform well, reporting strong financial results in its recent earnings report. In conclusion, MARTIN MARIETTA MATERIALS may have seen only a slight gain in its share price on Wednesday, but it is a promising sign for both investors and the company itself. With its solid financial standing and strategic acquisitions, MARTIN MARIETTA MATERIALS is well-positioned for future growth and success in the construction materials industry. 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 |
| 6.78k | 1.17k | 17.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MLM. More…
| Operations | Investing | Financing |
| 1.53k | 458.7 | -1.06k |
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 |
| 15.12k | 7.09k | 126.24 |
Key Ratios Snapshot
Some of the financial key ratios for MLM are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.7% | 16.9% | 24.5% |
| FCF Margin | ROE | ROA |
| 13.0% | 13.3% | 6.9% |
Analysis – MLM Stock Fair Value Calculator
As an investor, I have examined the fundamentals of MARTIN MARIETTA MATERIALS and have found it to be a strong and promising company. The company operates in the construction materials industry and has a solid track record of growth and profitability. It has a strong market position and a diversified portfolio of products, making it well positioned to weather any economic downturns. One of the key factors that make MARTIN MARIETTA MATERIALS a good investment is its consistent financial performance. The company has shown steady revenue and earnings growth over the past several years, indicating strong management and a solid business model. Its financial statements also reflect healthy cash flow and a manageable level of debt. In terms of valuation, my proprietary Valuation Line indicates that the fair value of MARTIN MARIETTA MATERIALS stock is around $444.4. This is based on a thorough analysis of the company’s financials and future growth potential. However, the current market price of $611.9 means that the stock is currently overvalued by 37.7%. While it is always exciting to see a stock trading above its fair value, as an investor, I believe it is important to keep a balanced perspective and not overpay for a company’s shares. This is why I would caution against investing in MARTIN MARIETTA MATERIALS at its current price, as the valuation suggests that there may be better entry points in the future. In summary, MARTIN MARIETTA MATERIALS is a solid and well-performing company, but its current stock price may not be justified by its fundamentals. As an investor, I would keep an eye on this stock and consider investing at a more reasonable valuation in the future. More…
Peers
Martin Marietta Materials, Inc. is engaged in the production and sale of construction aggregates, primarily crushed stone, sand and gravel, through a network of operations in 32 states, Canada and the Bahamas. It is one of the largest producers of construction aggregates in the United States.
– GCC SAB de CV ($OTCPK:GCWOF)
GCC SAB de CV is a Mexican chemical company with a market cap of 1.99B as of 2022. The company has a Return on Equity of 11.67%. GCC SAB de CV produces a wide range of chemicals, including fertilizers, pesticides, and explosives. The company has over 3,000 employees and operates in more than 30 countries.
– Vulcan Materials Co ($NYSE:VMC)
Vulcan Materials Co is a publicly traded company that is involved in the mining, production, and sale of construction materials. It is one of the largest producers of aggregates in the United States. The company has a market cap of 20.57B as of 2022 and a Return on Equity of 8.68%. Vulcan Materials Co is a company that is worth investing in because of its size, market share, and profitability.
– Summit Materials Inc ($NYSE:SUM)
Summit Materials Inc is a construction materials company with a market cap of 2.97B as of 2022. The company has a return on equity of 15.1%. Summit Materials Inc produces and sells construction materials, including aggregates, cement, ready-mixed concrete, asphalt, and paving products. The company operates in the United States, Canada, China, and the United Kingdom.
Summary
On Tuesday, shares of Martin Marietta Materials Inc. saw a small increase of 0.87%, reaching a price of $610.10. This was in contrast to the overall negative trends in the stock market that day. This suggests that investors still have some confidence in the company despite the general downturn in the market.
However, it is important to note that this single day’s performance does not provide enough information for a thorough investing analysis. It would be wise for potential investors to continue monitoring the company’s stock and overall performance before making any investment decisions.
