Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Martin Marietta Materials

DB:MMX
Snowflake Description

Proven track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MMX
DB
$12B
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Martin Marietta Materials, Inc., a natural resource-based building materials company, supplies aggregates and heavy building materials to the construction industry in the United States and internationally. The last earnings update was 46 days ago. More info.


Add to Portfolio Compare Print
  • Martin Marietta Materials has significant price volatility in the past 3 months.
MMX Share Price and Events
7 Day Returns
1.2%
DB:MMX
6.6%
Europe Basic Materials
2.1%
DE Market
1 Year Returns
-10.5%
DB:MMX
-26.7%
Europe Basic Materials
-16.6%
DE Market
MMX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Martin Marietta Materials (MMX) 1.2% -23.8% -33.7% -10.5% -20.4% 24.5%
Europe Basic Materials 6.6% -18.2% -32.2% -26.7% -36.7% -34%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • MMX outperformed the Basic Materials industry which returned -26.7% over the past year.
  • MMX outperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
MMX
Industry
5yr Volatility vs Market

Value

 Is Martin Marietta Materials undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Martin Marietta Materials to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Martin Marietta Materials.

DB:MMX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:MMX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.82
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.817 (1 + (1- 21%) (28.34%))
1
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1 * 5.44%)
5.05%

Discounted Cash Flow Calculation for DB:MMX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Martin Marietta Materials is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:MMX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.05%)
2020 619.04 Analyst x5 589.27
2021 712.87 Analyst x6 645.95
2022 736.50 Analyst x2 635.27
2023 751.12 Est @ 1.98% 616.72
2024 760.67 Est @ 1.27% 594.53
2025 766.55 Est @ 0.77% 570.32
2026 769.81 Est @ 0.42% 545.20
2027 771.19 Est @ 0.18% 519.92
2028 771.26 Est @ 0.01% 494.96
2029 770.41 Est @ -0.11% 470.63
Present value of next 10 years cash flows $5,682.00
DB:MMX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $770.41 × (1 + -0.39%) ÷ (5.05% – -0.39%)
$14,101.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $14,101.81 ÷ (1 + 5.05%)10
$8,614.62
DB:MMX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $5,682.00 + $8,614.62
$14,296.62
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $14,296.62 / 62.20
$229.85
DB:MMX Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:MMX represents 0.87908x of NYSE:MLM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87908x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 229.85 x 0.87908
€202.06
Value per share (EUR) From above. €202.06
Current discount Discount to share price of €163.00
= -1 x (€163.00 - €202.06) / €202.06
19.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Martin Marietta Materials is available for.
Intrinsic value
19%
Share price is €163 vs Future cash flow value of €202.06
Current Discount Checks
For Martin Marietta Materials to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Martin Marietta Materials's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Martin Marietta Materials's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Martin Marietta Materials's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Martin Marietta Materials's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MMX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $9.78
NYSE:MLM Share Price ** NYSE (2020-04-07) in USD $185.42
Europe Basic Materials Industry PE Ratio Median Figure of 33 Publicly-Listed Basic Materials Companies 9.52x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Martin Marietta Materials.

DB:MMX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:MLM Share Price ÷ EPS (both in USD)

= 185.42 ÷ 9.78

18.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Martin Marietta Materials is overvalued based on earnings compared to the Europe Basic Materials industry average.
  • Martin Marietta Materials is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Martin Marietta Materials's expected growth come at a high price?
Raw Data
DB:MMX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
4.2%per year
Europe Basic Materials Industry PEG Ratio Median Figure of 17 Publicly-Listed Basic Materials Companies 1.67x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:MMX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.97x ÷ 4.2%

4.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Martin Marietta Materials is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Martin Marietta Materials's assets?
Raw Data
DB:MMX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $85.75
NYSE:MLM Share Price * NYSE (2020-04-07) in USD $185.42
Europe Basic Materials Industry PB Ratio Median Figure of 39 Publicly-Listed Basic Materials Companies 0.85x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:MMX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:MLM Share Price ÷ Book Value per Share (both in USD)

= 185.42 ÷ 85.75

2.16x

* Primary Listing of Martin Marietta Materials.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Martin Marietta Materials is overvalued based on assets compared to the Europe Basic Materials industry average.
X
Value checks
We assess Martin Marietta Materials's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Basic Materials industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Basic Materials industry average (and greater than 0)? (1 check)
  5. Martin Marietta Materials has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Martin Marietta Materials expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Martin Marietta Materials expected to grow at an attractive rate?
  • Martin Marietta Materials's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Martin Marietta Materials's earnings growth is positive but not above the Germany market average.
  • Martin Marietta Materials's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:MMX Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MMX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 4.2%
DB:MMX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 5%
Europe Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
Europe Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:MMX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:MMX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31 5,983 695 1
2022-12-31 4,848 920 599 4
2021-12-31 5,034 1,144 725 13
2020-12-31 4,789 925 636 13
2020-04-07
DB:MMX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 4,422 966 611
2019-09-30 4,354 913 574
2019-06-30 4,173 801 506
2019-03-31 4,105 718 502
2018-12-31 3,980 705 469
2018-09-30 3,936 681 751
2018-06-30 3,816 666 722
2018-03-31 3,684 689 679
2017-12-31 3,724 658 711
2017-09-30 3,701 686 434
2017-06-30 3,717 709 441
2017-03-31 3,635 695 421

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Martin Marietta Materials's earnings are expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).
  • Martin Marietta Materials's revenue is expected to grow by 5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:MMX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Martin Marietta Materials Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MMX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 10.54 12.00 7.54 5.00
2021-12-31 11.66 14.95 8.49 17.00
2020-12-31 10.13 11.79 7.75 17.00
2020-04-07
DB:MMX Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 9.78
2019-09-30 9.18
2019-06-30 8.07
2019-03-31 7.99
2018-12-31 7.46
2018-09-30 11.93
2018-06-30 11.47
2018-03-31 10.79
2017-12-31 11.31
2017-09-30 6.88
2017-06-30 6.99
2017-03-31 6.65

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Martin Marietta Materials is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Martin Marietta Materials's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Martin Marietta Materials has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Martin Marietta Materials performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Martin Marietta Materials's growth in the last year to its industry (Basic Materials).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Martin Marietta Materials has delivered over 20% year on year earnings growth in the past 5 years.
  • Martin Marietta Materials's 1-year earnings growth exceeds its 5-year average (30.2% vs 21%)
  • Martin Marietta Materials's earnings growth has exceeded the Europe Basic Materials industry average in the past year (30.2% vs 20.8%).
Earnings and Revenue History
Martin Marietta Materials's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Martin Marietta Materials Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MMX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 4,422.30 611.00 307.70
2019-09-30 4,353.65 574.26 305.26
2019-06-30 4,172.71 506.01 296.42
2019-03-31 4,105.35 502.00 292.47
2018-12-31 3,980.40 469.20 281.80
2018-09-30 3,936.13 751.10 281.78
2018-06-30 3,816.40 722.28 271.41
2018-03-31 3,684.47 679.09 274.04
2017-12-31 3,723.50 711.30 271.40
2017-09-30 3,700.67 433.63 270.93
2017-06-30 3,716.53 441.35 265.36
2017-03-31 3,635.12 421.10 252.79
2016-12-31 3,578.65 423.61 253.10
2016-09-30 3,468.51 407.97 230.02
2016-06-30 3,435.39 366.20 230.13
2016-03-31 3,370.20 327.48 227.13
2015-12-31 3,268.12 287.54 210.75
2015-09-30 3,266.88 268.29 270.72
2015-06-30 3,179.60 204.83 264.26
2015-03-31 2,931.29 181.42 244.04
2014-12-31 2,679.10 154.99 169.25
2014-09-30 2,390.93 127.60 201.79
2014-06-30 2,073.44 145.92 189.92
2014-03-31 1,978.84 127.55 199.38
2013-12-31 1,943.22 121.57 195.18
2013-09-30 1,907.86 107.01 226.06
2013-06-30 1,844.91 98.00 221.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Martin Marietta Materials has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Martin Marietta Materials used its assets more efficiently than the Europe Basic Materials industry average last year based on Return on Assets.
  • Martin Marietta Materials's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Martin Marietta Materials's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Basic Materials industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Martin Marietta Materials has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Martin Marietta Materials's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Martin Marietta Materials's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Martin Marietta Materials is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Martin Marietta Materials's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Martin Marietta Materials's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Martin Marietta Materials Company Filings, last reported 3 months ago.

DB:MMX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5,353.30 2,773.60 21.00
2019-09-30 5,304.44 2,922.86 49.09
2019-06-30 5,097.27 3,117.06 53.60
2019-03-31 4,975.50 3,161.28 37.36
2018-12-31 4,949.40 3,120.40 44.90
2018-09-30 4,942.33 3,209.70 53.96
2018-06-30 4,855.47 3,218.92 33.78
2018-03-31 4,679.83 3,028.11 1,422.37
2017-12-31 4,682.48 3,027.20 1,446.36
2017-09-30 4,333.98 1,723.59 35.22
2017-06-30 4,200.53 1,785.78 36.72
2017-03-31 4,075.95 1,846.29 55.42
2016-12-31 4,142.59 1,686.19 50.04
2016-09-30 4,158.40 1,764.84 60.68
2016-06-30 4,016.50 1,786.36 28.60
2016-03-31 3,945.64 1,752.76 27.24
2015-12-31 4,060.18 1,579.01 168.41
2015-09-30 4,252.58 1,705.15 436.43
2015-06-30 4,310.43 1,658.00 44.17
2015-03-31 4,342.18 1,581.02 56.37
2014-12-31 4,352.75 1,585.58 108.65
2014-09-30 4,375.61 1,618.28 73.60
2014-06-30 1,567.00 1,084.80 34.33
2014-03-31 1,544.29 1,067.94 35.80
2013-12-31 1,574.92 1,033.48 42.44
2013-09-30 1,498.88 1,123.80 57.24
2013-06-30 1,440.67 1,093.32 43.71
  • Martin Marietta Materials's level of debt (51.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (36.4% vs 51.8% today).
  • Debt is well covered by operating cash flow (34.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.8x coverage).
X
Financial health checks
We assess Martin Marietta Materials's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Martin Marietta Materials has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Martin Marietta Materials's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.19%
Current annual income from Martin Marietta Materials dividends. Estimated to be 1.16% next year.
If you bought €2,000 of Martin Marietta Materials shares you are expected to receive €24 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Martin Marietta Materials's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Martin Marietta Materials's dividend is below the markets top 25% of dividend payers in Germany (4.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:MMX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
Europe Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 4.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:MMX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31 2.50 1.00
2022-12-31 2.17 4.00
2021-12-31 2.18 11.00
2020-12-31 2.09 10.00
2020-04-07
DB:MMX Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-20 2.200 1.120
2019-11-07 2.200 0.821
2019-08-14 2.200 0.841
2019-05-09 1.920 0.848
2019-02-21 1.920 0.946
2018-11-15 1.920 1.063
2018-08-23 1.920 1.049
2018-05-17 1.760 0.808
2018-02-22 1.760 0.860
2017-11-16 1.760 0.814
2017-08-24 1.760 0.849
2017-05-19 1.680 0.759
2017-02-24 1.680 0.767
2016-11-11 1.680 0.747
2016-08-22 1.680 0.916
2016-05-19 1.600 0.832
2016-02-19 1.600 0.992
2015-11-13 1.600 1.173
2015-08-21 1.600 1.009
2015-05-22 1.600 1.038
2015-01-22 1.600 1.165
2014-11-14 1.600 1.400
2014-08-22 1.600 1.294
2014-05-23 1.600 1.247
2014-01-24 1.600 1.331
2013-11-15 1.600 1.597
2013-08-23 1.600 1.632
2013-05-24 1.600 1.558
2013-01-25 1.600 1.580
2012-11-15 1.600 1.719
2012-08-24 1.600 1.921
2012-05-25 1.600 2.150
2012-01-27 1.600 1.936
2011-11-09 1.600 2.114
2011-08-18 1.600 2.351
2011-05-13 1.600 2.061
2011-01-28 1.600 1.823
2010-11-11 1.600 1.829
2010-08-19 1.600 2.042
2010-05-28 1.600 1.861
2010-01-29 1.600 1.857
2009-11-11 1.600 1.837
2009-08-20 1.600 1.772
2009-05-28 1.600 1.951

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Martin Marietta Materials's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5x coverage).
X
Income/ dividend checks
We assess Martin Marietta Materials's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Martin Marietta Materials afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Martin Marietta Materials has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Martin Marietta Materials's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ward Nye
COMPENSATION $8,533,458
AGE 56
TENURE AS CEO 10.3 years
CEO Bio

Mr. C. Howard Nye, also known as Ward, has been the Chief Executive Officer and President of Martin Marietta Materials, Inc. since January 1, 2010 and August 10, 2006 respectively. Mr. Nye serves as President of Aggregates Business at Martin Marietta Materials, Inc. since 2010. He serves as Chairman of Magnesia Specialties Business at Martin Marietta Materials, Inc. since 2007. He served as the President and Chief Operating Officer of Martin Marietta Materials, Inc. from August 10, 2006 to 2009. He has 13 years of experience in the aggregates industry. He served as an Executive Vice President of Hanson Aggregates North America from 2003 to 2006. He served as President of Hanson Aggregates East from 2000 to 2003 with operating responsibility for over 150 facilities in 12 states with annual revenue of more than $500 million. He served as Vice President Business Development for Hanson Building Materials America from 1997 to 2000. He began his career in the aggregates industry as General Counsel for Hanson Aggregates East with additional responsibility for environmental and safety and health. Mr. Nye has been the Chairman of the Board at Martin Marietta Materials, Inc. since May 22, 2014. He has been the Chairman of the Board of National Stone, Sand and Gravel Association since March 19, 2013 and has been its Director since January 2010. He served as a Director at Cree, Inc. since October 2015 until October 2018. He has been a Director at General Dynamics Corp., since May 2, 2018. He has been a Director of Martin Marietta Materials, Inc. since January 1, 2010. He serves as a Director Romeo Guest Associates, Inc. He serves as a Director of the American Road & Transportation Builders Association (ARTBA). He is a member of the Board of Directors of the United States Chamber of Commerce. He serves as a Member of the Duke University Alumni Board. He was a Gubernatorial appointee to the North Carolina Mining Commission. He holds a Bachelor of Arts degree with honors from Duke University in 1984. Mr. Nye also holds a Juris Doctorate degree from Wake Forest University in 1987.

CEO Compensation
  • Ward's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Ward's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Martin Marietta Materials management team in years:

5.3
Average Tenure
54
Average Age
  • The average tenure for the Martin Marietta Materials management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ward Nye

TITLE
Chairman
COMPENSATION
$9M
AGE
56
TENURE
10.3 yrs

Jim Nickolas

TITLE
Senior VP & CFO
COMPENSATION
$2M
AGE
48
TENURE
2.7 yrs

Roselyn Bar

TITLE
Executive VP
COMPENSATION
$3M
AGE
60
TENURE
19.3 yrs

Daniel Grant

TITLE
Senior Vice President of Strategy & Development
COMPENSATION
$1M
AGE
64
TENURE
7.3 yrs

Jay Moreau

TITLE
Vice President of Operations
AGE
53
TENURE
8.3 yrs

Bob Cardin

TITLE
Senior VP
AGE
56
TENURE
0.9 yrs

John Mohr

TITLE
Senior VP & Chief Information Officer
AGE
54
TENURE
5.3 yrs

Suzanne Osberg

TITLE
Vice President of Investor Relations

Dana Guzzo

TITLE
Senior Vice President of Sustainability
COMPENSATION
$631K
AGE
53
TENURE
1.1 yrs

Craig LaTorre

TITLE
Senior VP & Chief Human Resource Officer
AGE
51
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Martin Marietta Materials board of directors in years:

4.9
Average Tenure
66.5
Average Age
  • The tenure for the Martin Marietta Materials board of directors is about average.
Board of Directors

Ward Nye

TITLE
Chairman
COMPENSATION
$9M
AGE
56
TENURE
5.9 yrs

Steve Zelnak

TITLE
Independent Director
COMPENSATION
$295K
AGE
74
TENURE
27.3 yrs

Laree Perez

TITLE
Independent Director
COMPENSATION
$302K
AGE
65
TENURE
15.5 yrs

Don Slager

TITLE
Independent Director
COMPENSATION
$248K
AGE
57
TENURE
3.9 yrs

John Koraleski

TITLE
Independent Director
COMPENSATION
$260K
AGE
68
TENURE
3.7 yrs

Mike Quillen

TITLE
Lead Independent Director
COMPENSATION
$336K
AGE
70
TENURE
6.3 yrs

Sue Cole

TITLE
Independent Director
COMPENSATION
$329K
AGE
68
TENURE
18.3 yrs

Smith Davis

TITLE
Independent Director
COMPENSATION
$225K
AGE
71
TENURE
1.9 yrs

Dorothy Ables

TITLE
Independent Director
COMPENSATION
$162K
AGE
61
TENURE
1.4 yrs

Tom Pike

TITLE
Independent Director
AGE
60
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
25. Nov 19 Buy Sjk Holdings & Investments, LLC Company 25. Nov 19 25. Nov 19 1,000 €236.39 €236,390
10. Jun 19 Sell Laree Perez Individual 10. Jun 19 10. Jun 19 -824 €204.91 €-168,849
07. May 19 Sell Donald McCunniff Individual 06. May 19 06. May 19 -695 €196.63 €-136,659
X
Management checks
We assess Martin Marietta Materials's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Martin Marietta Materials has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Martin Marietta Materials, Inc., a natural resource-based building materials company, supplies aggregates and heavy 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; Portland and specialty cement used in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries. The company also manufactures and markets magnesia-based chemical products for the industrial, agricultural, and environmental applications; and dolomitic lime primarily for customers in the steel and mining industries, as well as provides road paving construction services. Its chemical products are used in flame retardants, wastewater treatment, pulp and paper production, and other environmental applications. The company was founded in 1993 and is headquartered in Raleigh, North Carolina.

Details
Name: Martin Marietta Materials, Inc.
MMX
Exchange: DB
Founded: 1993
$10,664,485,501
62,198,867
Website: http://www.martinmarietta.com
Address: Martin Marietta Materials, Inc.
2710 Wycliff Road,
Raleigh,
North Carolina, 27607-3033,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MLM Common Stock New York Stock Exchange US USD 17. Feb 1994
DB MMX Common Stock Deutsche Boerse AG DE EUR 17. Feb 1994
LSE 0JZ0 Common Stock London Stock Exchange GB USD 17. Feb 1994
BMV MLM * Common Stock Bolsa Mexicana de Valores MX MXN 17. Feb 1994
BOVESPA M1LM34 BDR EACH 5 REPR 1 COM Bolsa de Valores de Sao Paulo BR BRL 27. Jan 2020
Number of employees
Current staff
Staff numbers
8,846
Martin Marietta Materials employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 23:29
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/04
Last earnings filing: 2020/02/21
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.