Company Valuation: General Dynamics Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 58,108 67,986 70,736 72,335 90,803 100,320 - -
Change - 17% 4.04% 2.26% 25.53% 10.48% - -
Enterprise Value (EV) 1 68,000 77,240 78,084 79,400 96,483 103,279 102,358 102,012
Change - 13.59% 1.09% 1.69% 21.51% 7.04% -0.89% -0.34%
P/E 18x 20.4x 21.6x 19.3x 21.8x 21.8x 20x 18.4x
PBR 3.28x 3.67x 3.34x 3.23x 3.55x 3.58x 3.41x 3.24x
PEG - 3.68x -15.49x 1.4x 1.6x 2.2x 2.13x 2.18x
Capitalization / Revenue 1.51x 1.73x 1.67x 1.52x 1.73x 1.79x 1.71x 1.64x
EV / Revenue 1.77x 1.96x 1.85x 1.66x 1.84x 1.85x 1.75x 1.67x
EV / EBITDA 13.5x 15.2x 15.3x 14x 15.4x 15.1x 13.8x 12.9x
EV / EBIT 16.3x 18.3x 18.4x 16.6x 18x 17.6x 16.1x 15x
EV / FCF 20.1x 22.3x 20.5x 24.8x 24.4x 21x 21.2x 19.7x
FCF Yield 4.98% 4.49% 4.87% 4.03% 4.1% 4.75% 4.73% 5.08%
Dividend per Share 2 4.76 5.04 5.28 5.68 6 6.306 6.733 7.069
Rate of return 2.28% 2.03% 2.03% 2.16% 1.78% 1.7% 1.81% 1.9%
EPS 2 11.55 12.19 12.02 13.63 15.45 17 18.59 20.17
Distribution rate 41.2% 41.3% 43.9% 41.7% 38.8% 37.1% 36.2% 35.1%
Net sales 1 38,469 39,407 42,272 47,716 52,550 55,923 58,537 61,164
EBITDA 1 5,053 5,095 5,108 5,682 6,280 6,830 7,393 7,887
EBIT 1 4,163 4,211 4,245 4,796 5,356 5,878 6,366 6,820
Net income 1 3,257 3,390 3,315 3,782 4,210 4,657 5,058 5,432
Net Debt 1 9,892 9,254 7,348 7,065 5,680 2,959 2,038 1,691
Reference price 2 208.47 248.11 259.67 263.49 336.66 371.35 371.35 371.35
Nbr of stocks (in thousands) 278,734 274,017 272,408 274,528 269,716 270,150 - -
Announcement Date 26/01/22 25/01/23 24/01/24 29/01/25 28/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.85x1.85x15.12x1.7% 100B
39.46x7.1x29.49x0.54% 348B
34.45x3.19x18.95x1.38% 280B
35.84x5.27x22.2x0.95% 172B
18.42x1.77x12.75x2.5% 130B
26.29x1.88x13.23x1.94% 78.43B
18.6x1.94x13.79x1.8% 76.67B
32.34x3.58x15.7x1.27% 60.21B
22.25x2.43x13.43x1.87% 49.58B
Average 27.72x 3.22x 17.19x 1.55% 143.9B
Weighted average by Cap. 31.41x 4.11x 20.29x 1.3%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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