Financials RTX Corporation Börse Stuttgart

Equities

5UR

US75513E1010

Aerospace & Defense

Market Closed - Börse Stuttgart Other stock markets 03:20:27 2024-05-15 pm EDT			5-day change	1st Jan Change
96.65 ^EUR	-1.16%		+3.68%	+28.46%

May. 15	RTX Insider Sold Shares Worth $2,101,624, According to a Recent SEC Filing	MT
May. 06	Declaration of Voting Results by RTX Corporation	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	127,850	107,863	129,019	148,530	120,714	139,836	-	-
Enterprise Value (EV) ¹	164,120	130,884	152,648	174,224	157,954	174,671	171,801	169,428
P/E ratio	23.4 x	-27.6 x	33.6 x	28.8 x	37.7 x	24.3 x	21.3 x	18.6 x
Yield	1.96%	3.02%	2.33%	2.14%	-	2.33%	2.52%	2.74%
Capitalization / Revenue	1.66 x	1.7 x	2 x	2.21 x	1.75 x	1.77 x	1.67 x	1.58 x
EV / Revenue	2.13 x	2.06 x	2.37 x	2.6 x	2.29 x	2.21 x	2.05 x	1.91 x
EV / EBITDA	11.5 x	12.8 x	12.9 x	14.6 x	12.1 x	13.8 x	12.8 x	11.7 x
EV / FCF	24.8 x	51.5 x	30.5 x	35.7 x	28.9 x	30.5 x	24.9 x	20.4 x
FCF Yield	4.04%	1.94%	3.28%	2.8%	3.46%	3.28%	4.02%	4.91%
Price to Book	3.07 x	1.51 x	1.76 x	2.04 x	-	2.22 x	2.1 x	2.01 x
Nbr of stocks (in thousands)	853,698	1,508,369	1,499,176	1,471,758	1,434,680	1,327,345	-	-
Reference price ²	149.8	71.51	86.06	100.9	84.14	105.4	105.4	105.4
Announcement Date	1/28/20	1/26/21	1/25/22	1/24/23	1/23/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	77,046	63,437	64,388	67,074	68,920	78,970	83,703	88,629
EBITDA ¹	14,291	10,204	11,820	11,931	13,106	12,634	13,459	14,484
EBIT ¹	10,508	5,796	7,263	7,823	8,895	9,707	10,966	12,096
Operating Margin	13.64%	9.14%	11.28%	11.66%	12.91%	12.29%	13.1%	13.65%
Earnings before Tax (EBT) ¹	8,243	-2,353	4,931	6,027	3,836	7,319	8,415	9,254
Net income ¹	5,537	-3,519	3,864	5,197	3,195	5,989	6,715	7,464
Net margin	7.19%	-5.55%	6%	7.75%	4.64%	7.58%	8.02%	8.42%
EPS ²	6.410	-2.590	2.560	3.500	2.230	4.342	4.950	5.654
Free Cash Flow ¹	6,627	2,539	5,008	4,880	5,468	5,734	6,908	8,320
FCF margin	8.6%	4%	7.78%	7.28%	7.93%	7.26%	8.25%	9.39%
FCF Conversion (EBITDA)	46.37%	24.88%	42.37%	40.9%	41.72%	45.39%	51.33%	57.44%
FCF Conversion (Net income)	119.69%	-	129.61%	93.9%	171.14%	95.75%	102.87%	111.47%
Dividend per Share ²	2.940	2.160	2.005	2.160	-	2.457	2.660	2.890
Announcement Date	1/28/20	1/26/21	1/25/22	1/24/23	1/23/24	-	-	-

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	17,044	15,716	16,314	16,951	18,093	17,214	18,315	13,464	19,927	19,305	19,263	19,844	20,745	20,266	20,490
EBITDA ¹	3,005	2,912	2,881	3,033	3,105	3,152	3,252	3,302	3,330	3,351	3,017	3,144	3,298	3,237	3,229
EBIT ¹	1,861	1,898	1,882	1,986	2,057	2,118	2,208	2,228	2,271	2,292	2,336	2,484	2,611	2,584	2,691
Operating Margin	10.92%	12.08%	11.54%	11.72%	11.37%	12.3%	12.06%	16.55%	11.4%	11.87%	12.12%	12.52%	12.59%	12.75%	13.13%
Earnings before Tax (EBT) ¹	867	1,242	1,498	1,637	1,650	1,781	1,572	-1,322	1,735	1,851	1,753	1,783	1,945	2,003	2,122
Net income ¹	686	1,084	1,304	1,387	1,422	1,426	1,327	-984	1,426	1,709	1,384	1,396	1,405	1,549	1,712
Net margin	4.02%	6.9%	7.99%	8.18%	7.86%	8.28%	7.25%	-7.31%	7.16%	8.85%	7.19%	7.04%	6.77%	7.64%	8.36%
EPS ²	0.4600	0.7200	0.8800	0.9400	0.9600	0.9700	0.9100	-0.6800	1.050	1.280	1.025	1.045	1.051	1.118	1.233
Dividend per Share ²	0.5100	0.5100	1.100	0.5500	-	0.5500	-	-	-	0.5900	0.6198	0.6198	0.6178	0.6297	0.6702
Announcement Date	1/25/22	4/26/22	7/26/22	10/25/22	1/24/23	4/25/23	7/25/23	10/24/23	1/23/24	4/23/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	36,270	23,021	23,629	25,694	37,240	34,835	31,966	29,592
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.538 x	2.256 x	1.999 x	2.154 x	2.841 x	2.757 x	2.375 x	2.043 x
Free Cash Flow ¹	6,627	2,539	5,008	4,880	5,468	5,734	6,908	8,320
ROE (net income / shareholders' equity)	17.8%	7.26%	5.32%	7.13%	11%	12%	12.5%	13.7%
ROA (Net income/ Total Assets)	5.21%	2.74%	2.39%	3.25%	1.99%	4.11%	4.42%	4.67%
Assets ¹	106,274	-128,346	161,775	160,134	160,367	145,720	151,982	159,978
Book Value Per Share ²	48.90	47.50	49.00	49.50	-	47.40	50.10	52.30
Cash Flow per Share ²	10.30	3.190	4.730	4.820	5.490	6.940	7.750	8.160
Capex ¹	2,256	1,795	2,134	2,288	2,415	2,542	2,650	2,603
Capex / Sales	2.93%	2.83%	3.31%	3.41%	3.5%	3.22%	3.17%	2.94%
Announcement Date	1/28/20	1/26/21	1/25/22	1/24/23	1/23/24	-	-	-

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 RTX Corporation

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

105.4 USD

Average target price

105.9 USD

Spread / Average Target

+0.53%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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HINDUSTAN AERONAUTICS LIMITED	+49.16%	32.63B
RHEINMETALL AG	+79.58%	24.5B
AXON ENTERPRISE, INC.	+13.79%	22.37B
BHARAT ELECTRONICS LIMITED	+26.51%	20.21B
LEONARDO S.P.A.	+50.65%	13.65B

Other Aerospace & Defense