Stock LHX L3HARRIS TECHNOLOGIES, INC.
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Financials L3Harris Technologies, Inc.

Equities

LHX

US5024311095

Aerospace & Defense

Market Closed - Nyse
Other stock markets
 04:00:02 2024-05-14 pm EDT 		5-day change 1st Jan Change
221.1 USD +0.25% Intraday chart for L3Harris Technologies, Inc. +2.42% +4.99%
May. 14 3M shareholders vote down executives' pay packages in annual meeting RE
May. 06 Wells Fargo Raises Price Target on L3Harris Technologies to $245 From $238, Overweight Rating Maintained MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 44,591 39,142 41,672 39,349 39,921 41,944 - -
Enterprise Value (EV) 1 50,721 44,784 47,792 45,514 52,486 53,287 52,630 52,104
P/E ratio 25.5 x 35.9 x 23.4 x 37.6 x 32.7 x 26.2 x 20.5 x 17.6 x
Yield 1.49% 1.83% 1.92% - - 2.08% 2.19% 2.31%
Capitalization / Revenue 2.47 x 2.15 x 2.34 x 2.31 x 2.06 x 1.98 x 1.9 x 1.81 x
EV / Revenue 2.81 x 2.46 x 2.68 x 2.67 x 2.7 x 2.51 x 2.38 x 2.25 x
EV / EBITDA 14.2 x 10.4 x 11 x 13 x - 13.7 x 12.6 x 11.8 x
EV / FCF 20.6 x 16.7 x 17.4 x 22.4 x 26.1 x 23.8 x 20.8 x 18.3 x
FCF Yield 4.85% 6% 5.75% 4.46% 3.83% 4.2% 4.82% 5.45%
Price to Book 1.47 x 1.87 x 2.14 x - - 2.18 x 2.11 x 2.02 x
Nbr of stocks (in thousands) 221,065 210,112 196,225 190,403 189,540 189,680 - -
Reference price 2 201.7 186.3 212.4 206.7 210.6 221.1 221.1 221.1
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 21,202 22,124 23,193
EBITDA 1 3,566 4,312 4,364 3,514 - 3,880 4,187 4,423
EBIT 1 2,995 3,280 3,397 2,628 2,874 3,194 3,453 3,666
Operating Margin 16.57% 18.03% 19.07% 15.4% 14.8% 15.07% 15.61% 15.81%
Earnings before Tax (EBT) 1 1,493 1,322 2,283 1,273 1,221 1,876 2,428 2,756
Net income 1 1,333 1,119 1,846 1,062 1,227 1,617 2,056 2,353
Net margin 7.38% 6.15% 10.36% 6.22% 6.32% 7.63% 9.29% 10.14%
EPS 2 7.900 5.190 9.090 5.490 6.440 8.434 10.77 12.57
Free Cash Flow 1 2,460 2,686 2,746 2,029 2,009 2,240 2,536 2,841
FCF margin 13.61% 14.76% 15.41% 11.89% 10.35% 10.57% 11.46% 12.25%
FCF Conversion (EBITDA) 68.98% 62.29% 62.92% 57.74% - 57.73% 60.56% 64.25%
FCF Conversion (Net income) 184.55% 240.04% 148.75% 191.05% 163.73% 138.53% 123.3% 120.79%
Dividend per Share 2 3.000 3.400 4.080 - - 4.609 4.833 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 5,297 5,245 5,461 5,410 5,531
EBITDA 1 1,080 857 879 883 895 818 847 959 - 891 971.5 980 1,030 1,013 1,061
EBIT 1 836 625 688 801 670 638 694 735 807 788 787.1 790.6 840.2 844 923
Operating Margin 19.22% 15.23% 16.64% 18.86% 14.64% 14.27% 14.79% 14.95% 15.11% 15.12% 14.86% 15.07% 15.39% 15.6% 16.69%
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 -300 416 337 349 383 158 283 413.6 423.2 484.9 451.3 503.8
Net margin 11.13% 11.58% 11.39% -7.07% 9.09% 7.54% 7.44% 7.79% 2.96% 5.43% 7.81% 8.07% 8.88% 8.34% 9.11%
EPS 2 2.460 2.440 2.420 -1.560 2.170 1.760 1.830 2.020 0.8300 1.480 2.192 2.245 2.585 2.390 2.652
Dividend per Share 2 1.020 1.120 1.120 1.120 - 1.140 1.140 1.140 - - 1.149 1.149 1.149 1.203 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 11,343 10,686 10,160
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.719 x 1.308 x 1.402 x 1.754 x - 2.923 x 2.552 x 2.297 x
Free Cash Flow 1 2,460 2,686 2,746 2,029 2,009 2,240 2,536 2,841
ROE (net income / shareholders' equity) 13.1% 11.5% 13.1% 13.2% 12.6% 13% 13.9% 14.8%
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 42,751 37,797 38,935
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 13.00 15.30 17.80
Capex 1 267 368 342 238 393 426 428 439
Capex / Sales 1.48% 2.02% 1.92% 1.39% 2.02% 2.01% 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

Ratings for L3Harris Technologies, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
24
Last Close Price
221.1 USD
Average target price
248.7 USD
Spread / Average Target
+12.49%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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