Financials L3Harris Technologies, Inc. Deutsche Boerse AG

Equities

HRS

US5024311095

Aerospace & Defense

Real-time Estimate Tradegate 08:00:26 2024-04-30 am EDT 5-day change 1st Jan Change
202 EUR +1.00% Intraday chart for L3Harris Technologies, Inc. +2.69% +6.31%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 44,591 39,142 41,672 39,349 39,921 41,172 - -
Enterprise Value (EV) 1 50,721 44,784 47,792 45,514 52,486 52,505 51,856 51,328
P/E ratio 25.5 x 35.9 x 23.4 x 37.6 x 32.7 x 25.5 x 19.9 x 17.3 x
Yield 1.49% 1.83% 1.92% - - 2.15% 2.33% 2.36%
Capitalization / Revenue 2.47 x 2.15 x 2.34 x 2.31 x 2.06 x 1.94 x 1.86 x 1.78 x
EV / Revenue 2.81 x 2.46 x 2.68 x 2.67 x 2.7 x 2.48 x 2.34 x 2.21 x
EV / EBITDA 14.2 x 10.4 x 11 x 13 x - 13.7 x 12.5 x 11.6 x
EV / FCF 20.6 x 16.7 x 17.4 x 22.4 x 26.1 x 23.5 x 20.5 x 18.1 x
FCF Yield 4.85% 6% 5.75% 4.46% 3.83% 4.25% 4.88% 5.53%
Price to Book 1.47 x 1.87 x 2.14 x - - 2.14 x 2.07 x 1.99 x
Nbr of stocks (in thousands) 221,065 210,112 196,225 190,403 189,540 189,680 - -
Reference price 2 201.7 186.3 212.4 206.7 210.6 217.1 217.1 217.1
Announcement Date 2/4/20 1/29/21 1/31/22 1/26/23 1/25/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 18,074 18,194 17,814 17,062 19,419 21,191 22,118 23,194
EBITDA 1 3,566 4,312 4,364 3,514 - 3,835 4,161 4,431
EBIT 1 2,995 3,280 3,397 2,628 2,874 3,267 3,522 3,739
Operating Margin 16.57% 18.03% 19.07% 15.4% 14.8% 15.42% 15.93% 16.12%
Earnings before Tax (EBT) 1 1,493 1,322 2,283 1,273 1,221 1,904 2,463 2,755
Net income 1 1,333 1,119 1,846 1,062 1,227 1,632 2,084 2,352
Net margin 7.38% 6.15% 10.36% 6.22% 6.32% 7.7% 9.42% 10.14%
EPS 2 7.900 5.190 9.090 5.490 6.440 8.502 10.88 12.57
Free Cash Flow 1 2,460 2,686 2,746 2,029 2,009 2,230 2,529 2,836
FCF margin 13.61% 14.76% 15.41% 11.89% 10.35% 10.52% 11.43% 12.23%
FCF Conversion (EBITDA) 68.98% 62.29% 62.92% 57.74% - 58.15% 60.78% 64.02%
FCF Conversion (Net income) 184.55% 240.04% 148.75% 191.05% 163.73% 136.61% 121.35% 120.6%
Dividend per Share 2 3.000 3.400 4.080 - - 4.676 5.060 5.116
Announcement Date 2/4/20 1/29/21 1/31/22 1/26/23 1/25/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 4,350 4,103 4,135 4,246 4,578 4,471 4,693 4,915 5,340 5,211 5,291 5,248 5,473 5,434 5,534
EBITDA 1 1,080 857 879 883 895 818 847 959 - - 972.5 1,001 1,030 979.1 1,031
EBIT 1 836 625 688 801 670 638 694 735 807 788 805 818.3 871.7 875.7 915.3
Operating Margin 19.22% 15.23% 16.64% 18.86% 14.64% 14.27% 14.79% 14.95% 15.11% 15.12% 15.22% 15.59% 15.93% 16.12% 16.54%
Earnings before Tax (EBT) 1 588 536 525 -321 533 373 372 400 76 290 487.5 499.7 574.8 537.9 596.5
Net income 1 484 475 471 -300 416 337 349 383 158 283 415.7 426.1 488.9 451.3 503.8
Net margin 11.13% 11.58% 11.39% -7.07% 9.09% 7.54% 7.44% 7.79% 2.96% 5.43% 7.86% 8.12% 8.93% 8.31% 9.1%
EPS 2 2.460 2.440 2.420 -1.560 2.170 1.760 1.830 2.020 0.8300 1.480 2.197 2.263 2.597 2.390 2.652
Dividend per Share 2 1.020 1.120 1.120 1.120 - 1.140 1.140 1.140 - - 1.176 1.176 1.176 1.209 1.209
Announcement Date 1/31/22 4/28/22 7/28/22 10/27/22 1/26/23 4/27/23 7/26/23 10/26/23 1/25/24 4/25/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 6,130 5,642 6,120 6,165 12,565 11,333 10,684 10,156
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.719 x 1.308 x 1.402 x 1.754 x - 2.955 x 2.568 x 2.292 x
Free Cash Flow 1 2,460 2,686 2,746 2,029 2,009 2,230 2,529 2,836
ROE (net income / shareholders' equity) 13.1% 11.5% 13.1% 13.2% 12.6% 13% 13.8% 14.7%
ROA (Net income/ Total Assets) 5.5% 2.97% 5.15% 3.11% 3.26% 3.78% 5.44% 6.04%
Assets 1 24,227 37,648 35,845 34,116 37,606 43,150 38,300 38,927
Book Value Per Share 2 137.0 99.50 99.30 - - 101.0 105.0 109.0
Cash Flow per Share 2 9.790 12.90 13.20 11.20 11.00 12.70 15.50 17.80
Capex 1 267 368 342 238 393 415 428 439
Capex / Sales 1.48% 2.02% 1.92% 1.39% 2.02% 1.96% 1.93% 1.89%
Announcement Date 2/4/20 1/29/21 1/31/22 1/26/23 1/25/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
25
Last Close Price
217.1 USD
Average target price
245.8 USD
Spread / Average Target
+13.25%
Consensus
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  5. Financials L3Harris Technologies, Inc.