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L3harris Technologies Inc
NYSE:LHX

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L3harris Technologies Inc Logo
L3harris Technologies Inc
NYSE:LHX
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Price: 210.43 USD -0.58%
Updated: Mar 1, 2024

Intrinsic Value

L3Harris Technologies, Inc. engages in the provision of defense and commercial technologies across the air, land, sea, space, and cyber domains. [ Read More ]

The intrinsic value of one LHX stock under the Base Case scenario is 257.38 USD. Compared to the current market price of 210.43 USD, L3harris Technologies Inc is Undervalued by 18%.

Key Points:
LHX Intrinsic Value
Base Case
257.38 USD
Undervaluation 18%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
L3harris Technologies Inc

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Fundamental Analysis

Guidance Suggests Solid Growth in 2024
2023-Q4 Earnings Call

Guidance Suggests Solid Growth in 2024

For 2024, a revenue range of $20.7 to $21.3 billion is expected, representing organic growth across all segments. However, the start of the year may see slower growth due to various factors, including the sale of CAS. Operating margin is forecasted to be around 15%, influenced by increased volume, operational efficiency, and LHX NeXt cost savings, albeit impacted by the incorporation of Aerojet Rocketdyne. Non-GAAP EPS is estimated to grow to $12.40-$12.80. Additionally, free cash flow is projected to reach $2.2 billion, a 10% increase due to earnings growth and balance sheet efficiency.

Financials

Balance Sheet Decomposition
L3harris Technologies Inc

Current Assets 8.1B
Cash & Short-Term Investments 560m
Receivables 4.4B
Other Current Assets 3.1B
Non-Current Assets 33.6B
PP&E 2.9B
Intangibles 28.5B
Other Non-Current Assets 2.3B
Current Liabilities 8B
Accounts Payable 2.1B
Accrued Liabilities 1.7B
Short-Term Debt 1.6B
Other Current Liabilities 2.6B
Non-Current Liabilities 14.9B
Long-Term Debt 11.2B
Other Non-Current Liabilities 3.8B
Efficiency
Fundamental Scores

LHX Profitability Score
Profitability Due Diligence

L3harris Technologies Inc's profitability score is 51/100. The higher the profitability score, the more profitable the company is.

Positive Free Cash Flow
Positive Gross Profit
Positive Revenue Growth Forecast
Positive 1-Year Revenue Growth
51/100
Profitability
Score

L3harris Technologies Inc's profitability score is 51/100. The higher the profitability score, the more profitable the company is.

LHX Solvency Score
Solvency Due Diligence

L3harris Technologies Inc's solvency score is 38/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Short-Term Solvency
Average Altman Z-Score
38/100
Solvency
Score

L3harris Technologies Inc's solvency score is 38/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

LHX Price Targets Summary
L3harris Technologies Inc

Wall Street analysts forecast LHX stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for LHX is 247.08 USD with a low forecast of 185.84 USD and a high forecast of 354.9 USD.

Lowest
Price Target
185.84 USD
12% Downside
Average
Price Target
247.08 USD
17% Upside
Highest
Price Target
354.9 USD
69% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

LHX Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

LHX Price
L3harris Technologies Inc

1M 1M
+0%
6M 6M
+19%
1Y 1Y
+1%
3Y 3Y
+19%
5Y 5Y
+38%
10Y 10Y
+243%
Annual Price Range
210.43
52w Low
161.28
52w High
214.45
Price Metrics
Average Annual Return 8.71%
Standard Deviation of Annual Returns 16.42%
Max Drawdown -39%
Shares Statistics
Market Capitalization 39.9B USD
Shares Outstanding 190 108 000
Percentage of Shares Shorted 1.08%

LHX Return Decomposition
Main factors of price return

What is price return decomposition?

LHX News

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Last Important Events
L3harris Technologies Inc

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Sentiment Analysis
L3harris Technologies Inc

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Company Profile

L3harris Technologies Inc Logo
L3harris Technologies Inc

Country

United States of America

Industry

Aerospace & Defense

Market Cap

39.9B USD

Dividend Yield

2.19%

Description

L3Harris Technologies, Inc. engages in the provision of defense and commercial technologies across the air, land, sea, space, and cyber domains. The company is headquartered in Melbourne Florida, Florida and currently employs 47,000 full-time employees. The firm provides advanced defense and commercial technologies across space, air, land, sea and cyber domains. The firm has four segments. Integrated Mission Systems segment includes multi-mission intelligence, surveillance and reconnaissance (ISR) and communication systems; integrated electrical and electronic systems for maritime platforms; and advanced electro-optical and infrared (EO/IR) solutions. Space & Airborne Systems segment includes space payloads, sensors and full-mission solutions; classified intelligence and cyber defense; avionics; and electronic warfare. Communication Systems segment including tactical communications; broadband communications; integrated vision solutions; and public safety radios; global communications solutions. Aviation Systems segment includes defense aviation; commercial aviation products; commercial pilot training; and mission networks for air traffic management.

Contact

FLORIDA
Melbourne Florida
1025 W Nasa Blvd
+13217279100.0
https://www.l3harris.com/

IPO

1955-07-13

Employees

47 000

Officers

Senior Vice President of Strategy, Growth & Technology
Mr. Sean J. Stackley
President of Space & Airborne Systems
Mr. Edward J. Zoiss
President of Integrated Missions Systems (IMS) Segment
Mr. Jonathan P. Rambeau
Senior VP & CFO
Mr. Kenneth L. Bedingfield
Vice President of Global Operations
Mr. Byron M. Green
VP & Principal Accounting Officer
Ms. Corliss J. Montesi
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VP & Chief Information Officer
Ms. Kimberly A. Mackenroth
Vice President of Investor Relations
Mr. Mark A. Kratz
Senior VP, General Counsel & Secretary
Mr. Scott T. Mikuen
Vice President of Internal Audit & Compliance
Mr. Terry L. Feiser
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See Also

Discover More
What is the Intrinsic Value of one LHX stock?

The intrinsic value of one LHX stock under the Base Case scenario is 257.38 USD.

Is LHX stock undervalued or overvalued?

Compared to the current market price of 210.43 USD, L3harris Technologies Inc is Undervalued by 18%.