GENERAL DYNAMICS CORP (GDX.DE) Stock Fundamental Analysis
FRA:GDX - Deutsche Boerse Ag - US3695501086 - Common Stock - Currency: EUR
Overall GDX gets a fundamental rating of 6 out of 10. We evaluated GDX against 38 industry peers in the Aerospace & Defense industry. GDX has an excellent financial health rating, but there are some minor concerns on its profitability. GDX has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year GDX was profitable.
GDX had a positive operating cash flow in the past year.
GDX had positive earnings in each of the past 5 years.
GDX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
GDX has a better Return On Assets (6.77%) than 89.47% of its industry peers.
GDX has a better Return On Equity (17.14%) than 73.68% of its industry peers.
GDX has a Return On Invested Capital of 10.49%. This is in the better half of the industry: GDX outperforms 76.32% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GDX is in line with the industry average of 8.78%.
The 3 year average ROIC (9.79%) for GDX is below the current ROIC(10.49%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.77% | ||
| ROE | 17.14% | ||
| ROIC | 10.49% |
ROA(3y)6.46%
ROA(5y)6.41%
ROE(3y)16.99%
ROE(5y)17.93%
ROIC(3y)9.79%
ROIC(5y)9.74%
1.3 Margins
Looking at the Profit Margin, with a value of 7.93%, GDX belongs to the top of the industry, outperforming 84.21% of the companies in the same industry.
In the last couple of years the Profit Margin of GDX has declined.
GDX has a Operating Margin of 10.05%. This is in the better half of the industry: GDX outperforms 71.05% of its industry peers.
In the last couple of years the Operating Margin of GDX has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.05% | ||
| PM (TTM) | 7.93% | ||
| GM | N/A |
OM growth 3Y-2.43%
OM growth 5Y-3.18%
PM growth 3Y-2.17%
PM growth 5Y-2.19%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), GDX is creating some value.
Compared to 1 year ago, GDX has less shares outstanding
Compared to 5 years ago, GDX has less shares outstanding
The debt/assets ratio for GDX has been reduced compared to a year ago.
2.2 Solvency
GDX has an Altman-Z score of 3.61. This indicates that GDX is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.61, GDX belongs to the top of the industry, outperforming 86.84% of the companies in the same industry.
The Debt to FCF ratio of GDX is 2.75, which is a good value as it means it would take GDX, 2.75 years of fcf income to pay off all of its debts.
GDX has a Debt to FCF ratio of 2.75. This is amongst the best in the industry. GDX outperforms 81.58% of its industry peers.
A Debt/Equity ratio of 0.33 indicates that GDX is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.33, GDX belongs to the top of the industry, outperforming 81.58% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | 2.75 | ||
| Altman-Z | 3.61 |
ROIC/WACC1.14
WACC9.23%
2.3 Liquidity
A Current Ratio of 1.37 indicates that GDX should not have too much problems paying its short term obligations.
GDX's Current ratio of 1.37 is amongst the best of the industry. GDX outperforms 84.21% of its industry peers.
GDX has a Quick Ratio of 1.37. This is a bad value and indicates that GDX is not financially healthy enough and could expect problems in meeting its short term obligations.
GDX has a better Quick ratio (0.82) than 65.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.37 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
GDX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.48%, which is quite good.
The Earnings Per Share has been growing slightly by 2.63% on average over the past years.
Looking at the last year, GDX shows a quite strong growth in Revenue. The Revenue has grown by 12.88% in the last year.
The Revenue has been growing slightly by 3.93% on average over the past years.
EPS 1Y (TTM)13.48%
EPS 3Y5.7%
EPS 5Y2.63%
EPS Q2Q%14.01%
Revenue 1Y (TTM)12.88%
Revenue growth 3Y7.44%
Revenue growth 5Y3.93%
Sales Q2Q%14.31%
3.2 Future
The Earnings Per Share is expected to grow by 11.17% on average over the next years. This is quite good.
GDX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.31% yearly.
EPS Next Y12.12%
EPS Next 2Y12.55%
EPS Next 3Y11.4%
EPS Next 5Y11.17%
Revenue Next Year6.39%
Revenue Next 2Y5.37%
Revenue Next 3Y4.56%
Revenue Next 5Y4.31%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 19.82, GDX is valued on the expensive side.
GDX's Price/Earnings ratio is rather cheap when compared to the industry. GDX is cheaper than 86.84% of the companies in the same industry.
GDX's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 29.35.
Based on the Price/Forward Earnings ratio of 17.67, the valuation of GDX can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GDX indicates a rather cheap valuation: GDX is cheaper than 84.21% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.10. GDX is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.82 | ||
| Fwd PE | 17.67 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GDX is valued a bit cheaper than 73.68% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, GDX is valued cheaper than 81.58% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.9 | ||
| EV/EBITDA | 14.1 |
4.3 Compensation for Growth
GDX's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of GDX may justify a higher PE ratio.
PEG (NY)1.64
PEG (5Y)7.54
EPS Next 2Y12.55%
EPS Next 3Y11.4%
5. Dividend
5.1 Amount
GDX has a Yearly Dividend Yield of 2.27%.
Compared to an average industry Dividend Yield of 1.22, GDX pays a better dividend. On top of this GDX pays more dividend than 94.74% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.33, GDX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.27% |
5.2 History
The dividend of GDX is nicely growing with an annual growth rate of 7.16%!
Dividend Growth(5Y)7.16%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
40.43% of the earnings are spent on dividend by GDX. This is a bit on the high side, but may be sustainable.
GDX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP40.43%
EPS Next 2Y12.55%
EPS Next 3Y11.4%
FRA:GDX (3/7/2025, 7:00:00 PM)
248.9
+7.25 (+3%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners76.76%
Inst Owner ChangeN/A
Ins Owners0.25%
Ins Owner ChangeN/A
Market Cap67.29B
Analysts75.76
Price Target282 (13.3%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.27% |
Yearly Dividend5.18
Dividend Growth(5Y)7.16%
DP40.43%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.46%
Min EPS beat(2)-6.39%
Max EPS beat(2)-0.53%
EPS beat(4)0
Avg EPS beat(4)-3.68%
Min EPS beat(4)-6.39%
Max EPS beat(4)-0.53%
EPS beat(8)2
Avg EPS beat(8)-2.02%
EPS beat(12)4
Avg EPS beat(12)-1.55%
EPS beat(16)6
Avg EPS beat(16)-1.05%
Revenue beat(2)1
Avg Revenue beat(2)-0.63%
Min Revenue beat(2)-2.66%
Max Revenue beat(2)1.41%
Revenue beat(4)3
Avg Revenue beat(4)0.34%
Min Revenue beat(4)-2.66%
Max Revenue beat(4)1.65%
Revenue beat(8)6
Avg Revenue beat(8)1.27%
Revenue beat(12)7
Avg Revenue beat(12)0.2%
Revenue beat(16)8
Avg Revenue beat(16)-0.67%
PT rev (1m)-4.03%
PT rev (3m)-11.76%
EPS NQ rev (1m)0.12%
EPS NQ rev (3m)0.38%
EPS NY rev (1m)-6.48%
EPS NY rev (3m)-7.68%
Revenue NQ rev (1m)0.18%
Revenue NQ rev (3m)2.13%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.82 | ||
| Fwd PE | 17.67 | ||
| P/S | 1.53 | ||
| P/FCF | 22.9 | ||
| P/OCF | 17.79 | ||
| P/B | 3.31 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.1 |
EPS(TTM)12.56
EY5.05%
EPS(NY)14.09
Fwd EY5.66%
FCF(TTM)10.87
FCFY4.37%
OCF(TTM)13.99
OCFY5.62%
SpS162.57
BVpS75.17
TBVpS-0.04
PEG (NY)1.64
PEG (5Y)7.54
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.77% | ||
| ROE | 17.14% | ||
| ROCE | 12.6% | ||
| ROIC | 10.49% | ||
| ROICexc | 10.98% | ||
| ROICexgc | 27.96% | ||
| OM | 10.05% | ||
| PM (TTM) | 7.93% | ||
| GM | N/A | ||
| FCFM | 6.69% |
ROA(3y)6.46%
ROA(5y)6.41%
ROE(3y)16.99%
ROE(5y)17.93%
ROIC(3y)9.79%
ROIC(5y)9.74%
ROICexc(3y)10.23%
ROICexc(5y)10.26%
ROICexgc(3y)26.7%
ROICexgc(5y)28.25%
ROCE(3y)11.76%
ROCE(5y)11.7%
ROICexcg growth 3Y0.05%
ROICexcg growth 5Y-6.95%
ROICexc growth 3Y3.01%
ROICexc growth 5Y-2.13%
OM growth 3Y-2.43%
OM growth 5Y-3.18%
PM growth 3Y-2.17%
PM growth 5Y-2.19%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.85
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | 2.75 | ||
| Debt/EBITDA | 1.28 | ||
| Cap/Depr | 103.39% | ||
| Cap/Sales | 1.92% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 72.26% | ||
| Profit Quality | 84.35% | ||
| Current Ratio | 1.37 | ||
| Quick Ratio | 0.82 | ||
| Altman-Z | 3.61 |
F-Score8
WACC9.23%
ROIC/WACC1.14
Cap/Depr(3y)111.39%
Cap/Depr(5y)108.79%
Cap/Sales(3y)2.3%
Cap/Sales(5y)2.35%
Profit Quality(3y)100.61%
Profit Quality(5y)98.91%
High Growth Momentum
Growth
EPS 1Y (TTM)13.48%
EPS 3Y5.7%
EPS 5Y2.63%
EPS Q2Q%14.01%
EPS Next Y12.12%
EPS Next 2Y12.55%
EPS Next 3Y11.4%
EPS Next 5Y11.17%
Revenue 1Y (TTM)12.88%
Revenue growth 3Y7.44%
Revenue growth 5Y3.93%
Sales Q2Q%14.31%
Revenue Next Year6.39%
Revenue Next 2Y5.37%
Revenue Next 3Y4.56%
Revenue Next 5Y4.31%
EBIT growth 1Y12.98%
EBIT growth 3Y4.83%
EBIT growth 5Y0.63%
EBIT Next Year27.75%
EBIT Next 3Y13.11%
EBIT Next 5Y12.33%
FCF growth 1Y-16.1%
FCF growth 3Y-1.75%
FCF growth 5Y10.42%
OCF growth 1Y-12.75%
OCF growth 3Y-1.15%
OCF growth 5Y6.98%