LOCKHEED MARTIN

Boeing Co.

Analyze these two companies and determine which one is better and why.

31/12/2014 31/12/2015 31/12/2016 31/12/2017 Are we generating enough returns on revenues and iovestments? PROFITABLITY Ratlos Gross Proit Margin Net Profit Margin, 9,23% 6,57% 8,24% 10.27% 9,74% 10,71% 11,22% 11,09% 10,87% 7,93% 3,92% Return on Assets (ROA) Earnings per Share (EPS)Dd Quality of Earnings ratio EFFACIENCY Ratlos 9,29 $ 11,41 11,62 17,71 0,98 Are we using the firm's resources efflclently? 0,94 0,99 Inventory Turnover 13,83 14,20 Payables Turnover Days Inventory Outstanding(DIO) Days Sales Outstanding (DSO Days Payables Outstanding (DPO) Cash Conversion Cycle LQUDITY Ratlos Working Capital 29,47 26,39 46,95 12,39 60,95 26,06 25,52 43,49 35,99 63,36 17.30 14,30 89,97 85,74 Are we meeting our current obligatlons? 2209 1210 $ 655 2566 4824 1,20 SOLVENCY Ratlos Are we handWng debt appropriately? Finandal LEVerage 7,36 10,90 15,92 -68,11 90,90% 93,72% 96,64% 101,31% 5.382 6.366 $ Free Cash Flow NVESTMENT Ratlos Dividends per share 7802 How do we appear to our shareholders? $(168,67157,00)(168,59 123,67)$(333,38) per share Dividend ield Price-to-Earnings /E) ratio Price toSales (Pis) ratio Price to Book (P/B) ratio DuPont Analysis af ROEAOS x assetturorul-ROA x Return on Sales (aOS) 6,57% 7,93% 1.23 9,76% 11,22% 3,92% Return on Assets (ROA) Finandal LEVerage Return on Equity aOE) 8,24% 11,09% 60,61% 106,29% 116,40% 350,89% 293,12% 31/12/2013 31/12/2014 31/12/2015 31/12/2016 31/12/2017 PROFITABILITY Rabos Gross Proht Margin Net Pront Margin Are we generating enough returns on revenues and investments? 15.42% 15 44% 14.59% 14.57% 5.18% 5,44% 18,55% 8,79% 8.88% 4.95% 5,48% Rebum on Assets (ROA) Eamings per Share (EPS) Quality of Eamings ratio EFFICIENCY Rabos Asset Tumover 5,49% 1,63 Are we using the fnrm's resources emcienay? 0.93 1,05 0.30 11,74 7.20 Rooaivablas Tunowar Payables Turnovar Days Inantory Outstandng (DIKO Days Salos Outstanding (DSO) Days Payablos Outstanding (DPO) Cash Conwarsion Cycle LIQUIDITY Ranos Working Capital Curment Rato 7,60 1229,77 33.09 48.02 21484 10.71 722 1144,16 34,09 117281 27,58 31,08 50,73 19848 934,18 41,10 58 4732 153.08 127,69 Are we meeting our ourrent obligaDons ? 3.588$ 17822$ 12354$ 1 20 1,35 1 25 16 Are we hanaling debr appropriately? 623 14,90 110,16 83.95% 93.29% 99.09% 99,62% Debt ratio Free Cash Flow NV 11.094$ 11.813$ 15214 ESTMENT How do we appear to our shareholders? Dividends per share 1,91) 287) 3,58) $ 429) S (5,60) Market Value per share Price-to Sales (PIS) ratio DuPont Analysis of ROE O Aseet noveE ROA x Enanoin LEYor00ROE Rebum on Sales (ROS Asset Tumover Rebum on Assets (ROA) 6.00% 5,18% 8,79% 1,02 5,48% 4.90 81.70% 1,05 4.95% 5.49% 260,09 Rebum on Equity (ROE) 30.82% 82.95% 599.14% 31/12/2014 31/12/2015 31/12/2016 31/12/2017 Are we generating enough returns on revenues and iovestments? PROFITABLITY Ratlos Gross Proit Margin Net Profit Margin, 9,23% 6,57% 8,24% 10.27% 9,74% 10,71% 11,22% 11,09% 10,87% 7,93% 3,92% Return on Assets (ROA) Earnings per Share (EPS)Dd Quality of Earnings ratio EFFACIENCY Ratlos 9,29 $ 11,41 11,62 17,71 0,98 Are we using the firm's resources efflclently? 0,94 0,99 Inventory Turnover 13,83 14,20 Payables Turnover Days Inventory Outstanding(DIO) Days Sales Outstanding (DSO Days Payables Outstanding (DPO) Cash Conversion Cycle LQUDITY Ratlos Working Capital 29,47 26,39 46,95 12,39 60,95 26,06 25,52 43,49 35,99 63,36 17.30 14,30 89,97 85,74 Are we meeting our current obligatlons? 2209 1210 $ 655 2566 4824 1,20 SOLVENCY Ratlos Are we handWng debt appropriately? Finandal LEVerage 7,36 10,90 15,92 -68,11 90,90% 93,72% 96,64% 101,31% 5.382 6.366 $ Free Cash Flow NVESTMENT Ratlos Dividends per share 7802 How do we appear to our shareholders? $(168,67157,00)(168,59 123,67)$(333,38) per share Dividend ield Price-to-Earnings /E) ratio Price toSales (Pis) ratio Price to Book (P/B) ratio DuPont Analysis af ROEAOS x assetturorul-ROA x Return on Sales (aOS) 6,57% 7,93% 1.23 9,76% 11,22% 3,92% Return on Assets (ROA) Finandal LEVerage Return on Equity aOE) 8,24% 11,09% 60,61% 106,29% 116,40% 350,89% 293,12% 31/12/2013 31/12/2014 31/12/2015 31/12/2016 31/12/2017 PROFITABILITY Rabos Gross Proht Margin Net Pront Margin Are we generating enough returns on revenues and investments? 15.42% 15 44% 14.59% 14.57% 5.18% 5,44% 18,55% 8,79% 8.88% 4.95% 5,48% Rebum on Assets (ROA) Eamings per Share (EPS) Quality of Eamings ratio EFFICIENCY Rabos Asset Tumover 5,49% 1,63 Are we using the fnrm's resources emcienay? 0.93 1,05 0.30 11,74 7.20 Rooaivablas Tunowar Payables Turnovar Days Inantory Outstandng (DIKO Days Salos Outstanding (DSO) Days Payablos Outstanding (DPO) Cash Conwarsion Cycle LIQUIDITY Ranos Working Capital Curment Rato 7,60 1229,77 33.09 48.02 21484 10.71 722 1144,16 34,09 117281 27,58 31,08 50,73 19848 934,18 41,10 58 4732 153.08 127,69 Are we meeting our ourrent obligaDons ? 3.588$ 17822$ 12354$ 1 20 1,35 1 25 16 Are we hanaling debr appropriately? 623 14,90 110,16 83.95% 93.29% 99.09% 99,62% Debt ratio Free Cash Flow NV 11.094$ 11.813$ 15214 ESTMENT How do we appear to our shareholders? Dividends per share 1,91) 287) 3,58) $ 429) S (5,60) Market Value per share Price-to Sales (PIS) ratio DuPont Analysis of ROE O Aseet noveE ROA x Enanoin LEYor00ROE Rebum on Sales (ROS Asset Tumover Rebum on Assets (ROA) 6.00% 5,18% 8,79% 1,02 5,48% 4.90 81.70% 1,05 4.95% 5.49% 260,09 Rebum on Equity (ROE) 30.82% 82.95% 599.14%