|Revenue growth rate:|
estimated 0% 10%
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|Revenue growth rate: estimated 0% 10%|
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Our estimate of the fair value for Lockheed Martin at the end of 2021 is $125 billion, or $450.30 per share, which implies 17.1% upside potential from the current price level. The recommendation is "Buy".
To valuate the company, we used the multiples valuation method relative to peers, which gave a target capitalization of $286.3 billion, or $67.6 per share. This corresponds to an upside of 8.7% on a 12-month horizon. and a Hold rating. Including dividends, the upside is 14.3%.
On May 11, Ameren, a Missouri-based electricity holding company, released its financial results for the first quarter of this year. The company's refined EPS for Q1 was $0.91 (+ 54.2% YoY), well ahead of the $0.75 consensus.
The company's revenues for the reporting period grew by 22% YoY to $6.1 billion, which was better than market expectations of $5.3 billion, while sales in North America grew by 7% YoY.
Our current recommendation for ED shares is "Hold" with a target of $84.90, which corresponds to a potential of 8.7% excluding dividends. The expected dividend yield in 2021 is around 4%.
Exxon Mobil posted a moderately positive 1Q2021 report. Adjusted earnings per share rose 22.6% YoY to $0.65. Revenue rose 5.3% YoY to $59.2bn. Both parameters were 7-9% above consensus.
We expect that the company's revenue in the reporting period will increase by 5.84% YoY to reach $5.3 billion, and the adjusted earnings per share may be about $3.46, which is 8.8% higher than in the same period. period of the last year.