L3harris Technologies, Inc.

  • Earnings Score
  • Moat Score
  • Safety Score
  • Market Cap $48.30B
  • PE 41
  • Debt $12.91B
  • Cash $539.00M
  • EV $60.67B
  • FCF $1.79B

Earnings

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Sales & Net Margins

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Earnings$1.18B
EBIT$1.50B
ROE6%
ROA4%
FCF$1.79B
Equity$19.06B
Growth Stability87%
PE41
PEG4.41
PB2.53
P/FCF26.95
P/S2.28
Price/Cash0.01
Debt/Equity0.68
Debt/FCF7.2
Net Margins7%
Gross Margins26%
Op. Margins7%
Earnings CAGR22%
Sales Growth YoY8%
Sales Growth QoQ-0%
Sales CAGR22%
FCF CAGR18%
Equity CAGR33%
Earnings Stability0.51
Earnings Growth YoY4%
Earnings Growth QoQ9%
Earnings CAGR 5Y9%
Sales CAGR 5Y12%
FCF CAGR 5Y5%
Equity CAGR 5Y-4%
Earnings CAGR 3Y8%
Sales CAGR 3Y8%
FCF CAGR 3Y-11%
Equity CAGR 3Y-1%
Market Cap$48.30B
Revenue$21.14B
Dividend Yield2%
Payout Ratio75%
Assets$41.89B
Total Debt$12.91B
Cash$539.00M
Shares Outstanding189.55M
EV60.67B
Earnings Score79%
Moat Score65%
Safety Score80%
Final Score74%
Working Capital329M
Current Ratio1.04
Shares Growth 3y-1%
Equity Growth QoQ1%
Equity Growth YoY2%

Assets & ROA

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Stockholders Equity & ROE

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L3Harris Technologies was created in 2019 from the merger of L3 Technologies and Harris, two defense contractors that provide products for the command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) market. The firm also has smaller operations serving the civil government, particularly the Federal Aviation Administration's communication infrastructure, and produces various avionics for defense and commercial aviation.

SEC Filings

Direct access to L3harris Technologies, Inc. (LHX) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-Q Sep 27
    • 10-Q Jun 28
    • 10-Q Mar 29
  • 2023
    • 10-K Dec 29
    • 10-Q Sep 29
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2022
    • 10-K Dec 30
    • 10-Q Sep 30
    • 10-Q Jul 01
    • 10-Q Apr 01

Sector Comparison

How does L3harris Technologies, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of L3harris Technologies, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 22%
Stability 51%
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L3harris Technologies, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for L3harris Technologies, Inc. .

= $64B
012345678910TV
fcf$1.8B$2.1B$2.5B$3B$3.5B$4.1B$4.9B$5.7B$6.8B$8B$9.5B$95B
DCF$1.9B$2.1B$2.2B$2.4B$2.6B$2.7B$2.9B$3.2B$3.4B$3.7B$37B
Value$64B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years07/201506/201606/201706/201812/202012/202112/202212/2023TTM
Net Margins7%5%9%12%6%10%6%6%7%
ROA-9%11%11%7%10%5%3%4%
ROE-11%19%22%5%10%6%6%6%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years07/201506/201606/201706/201812/202012/202112/202212/2023TTM
Debt over FCF-6.33106.582.863.014.127.977.2
Debt over Equity1.561.61.541.220.330.370.420.70.68
Growth Stability---100%100%100%87%90%87%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years07/201506/201606/201706/201812/202012/202112/202212/2023CAGR 5Y
Revenue YoY growth-18%-2%5%194%-2%-4%14%12%
Earnings YoY growth--3%71%30%51%70%-42%13%9%
Equity YoY growth--10%-4%13%527%-7%-4%1%-4%
FCF YoY growth-9%-42%37%294%-3%-19%-14%5%