LHX:NYE-L3Harris Technologies, Inc (USD)

COMMON STOCK | Aerospace & Defense | NYE

Last Closing Price

USD 187.09

Change

0.00 (0.00)%

Market Cap

USD 38.46B

Volume

1.15M

Average Target Price

USD 221.40 (+18.34%)
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict

About

L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modifications, and periodic depot maintenance services for ISR and airborne missions. It also manufactures and integrates maritime integrated command, control, communications, computers, and cyber ISR systems for maritime platforms; unmanned surface and undersea autonomous solutions; power and ship control systems; and other electronic and electrical products and systems, as well as designs and manufactures electro-optical and infrared sensors and surveillance, and targeting systems. Its Space and Airborne Systems segment offers space payloads, sensors, and full-mission solutions; classified intelligence and cyber defense solutions; and avionics and electronic warfare systems. The company's Communication Systems segment provides tactical radio communications, SATCOM terminals, and battlefield management networks; broadband secured mobile networked communication equipment, including airborne, space, and surface data link terminals, as well as ground stations and transportable tactical SATCOM systems; helmet and weapon mounted integrated night vision systems; and radios, systems applications, and equipment for public safety and professional communications. Its Aviation Systems segment offers defense aviation products; security, detection, and other commercial aviation products; commercial and military pilot training solutions; and mission networks for air traffic management. The company was formerly known as Harris Corporation and changed its name to L3Harris Technologies, Inc. in June 2019. L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida.

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2021-03-07 )

Largest Industry Peers for Aerospace & Defense

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
BA The Boeing Company

N/A

USD130.14B 49.08 129.41
LMT Lockheed Martin Corporation

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USD95.36B 14.01 10.27
NOC Northrop Grumman Corporation

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USD50.17B 15.81 10.62
GD General Dynamics Corporation

N/A

USD48.81B 15.50 11.69
TDG TransDigm Group Incorporated

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USD32.65B 90.86 26.24
RTN Raytheon Company

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USD32.57B 9.81 7.07
HEI HEICO Corporation

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USD15.99B 64.57 38.44
HEI-A HEICO Corporation

N/A

USD15.99B 60.12 38.44
TXT Textron Inc

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USD11.75B 38.45 16.29
CAE CAE Inc

N/A

USD8.63B 30.54 20.11

ETFs Containing LHX

Symbol Name Weight Mer Price(Change) Market Cap
PPA Invesco Aerospace & Defen.. 0.00 % 0.59 %

N/A

USD0.67B
ULST SPDR SSgA Ultra Short Ter.. 0.00 % 0.20 %

N/A

USD0.34B
XKFF SPDR Kensho Final Frontie.. 0.00 % 0.45 %

N/A

USD3.44M
ROKT SPDR Kensho Final Frontie.. 0.00 % 0.45 %

N/A

USD0.02B

Market Performance

  Market Performance vs.
Industry/Classification (Aerospace & Defense)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -1.02% 28% F 31% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -1.02% 25% F 29% F
Trailing 12 Months  
Capital Gain -6.42% 22% F 15% F
Dividend Return 1.70% 63% D 29% F
Total Return -4.72% 22% F 13% F
Trailing 5 Years  
Capital Gain N/A N/A N/A N/A N/A
Dividend Return N/A N/A N/A N/A N/A
Total Return N/A N/A N/A N/A N/A
Average Annual (5 Year Horizon)  
Capital Gain -5.05% 16% F 23% F
Dividend Return 0.65% 42% F 16% F
Total Return -4.41% 13% F 19% F
Risk Return Profile  
Volatility (Standard Deviation) 6.36% 100% A+ 84% B
Risk Adjusted Return -69.27% 3% F 7% F
Market Capitalization 38.46B 88% B+ 93% A
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Aerospace & Defense)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 25.45 52% F 32% F
Price/Book Ratio 1.83 83% B 50% F
Price / Cash Flow Ratio 13.78 41% F 32% F
EV/EBITDA 17.00 47% F 39% F
Management Effectiveness  
Return on Equity 4.99% 52% F 49% F
Return on Invested Capital 3.47% 38% F 47% F
Return on Assets 4.24% 66% D 75% C
Debt to Equity Ratio 33.33% 70% C- 72% C-
Technical Ratios  
Short Ratio 1.60 72% C- 55% F
Short Percent 1.10% 83% B 82% B-
Beta 0.75 87% B+ 72% C-
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

Superior Revenue Growth

This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Poor capital utilization

The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Low Dividend Growth

This stock has shown below median dividend growth in the previous 5 years compared to its sector.