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Raytheon Technologies Corp
NYSE:RTX

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Raytheon Technologies Corp Logo
Raytheon Technologies Corp
NYSE:RTX
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Price: 93.46 USD 0.57% Market Closed
Updated: Mar 19, 2024

Intrinsic Value

Raytheon Technologies Corp. is an aerospace and defense company, which engages in the provision of aerospace and defense systems and services for commercial, military, and government customers. [ Read More ]

The intrinsic value of one RTX stock under the Base Case scenario is 140.25 USD. Compared to the current market price of 93.46 USD, Raytheon Technologies Corp is Undervalued by 33%.

Key Points:
RTX Intrinsic Value
Base Case
140.25 USD
Undervaluation 33%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Raytheon Technologies Corp

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Fundamental Analysis

Company Exceeds Expectations, Projects Growth
2023-Q4 Earnings Call

Company Exceeds Expectations, Projects Growth

The company closed the year with stronger performance than anticipated, seeing a 10% organic sales increase to $19.8 billion for Q4, primarily due to commercial aerospace and defense segment growth. Adjusted earnings per share rose 2% to $1.29, beating expectations despite $2.3 billion in inflationary pressures. The year's total free cash flow reached $5.5 billion, surpassing forecasts by $700 million. For 2024, they project commercial OE revenue to grow by 10-15% and commercial aftermarket sales to increase by over 10%. They remain on track to achieve $2 billion in cost synergies by the end of 2025.

Financials

Balance Sheet Decomposition
Raytheon Technologies Corp

Current Assets 48.4B
Cash & Short-Term Investments 6.6B
Receivables 23B
Other Current Assets 18.9B
Non-Current Assets 113.5B
Long-Term Investments 2.4B
PP&E 17.4B
Intangibles 89.1B
Other Non-Current Assets 4.6B
Current Liabilities 46.8B
Accounts Payable 10.7B
Accrued Liabilities 17.4B
Short-Term Debt 189m
Other Current Liabilities 18.5B
Non-Current Liabilities 55.3B
Long-Term Debt 42.4B
Other Non-Current Liabilities 13B
Efficiency

Earnings Waterfall
Raytheon Technologies Corp

Revenue
68.9B USD
Cost of Revenue
-56.8B USD
Gross Profit
12.1B USD
Operating Expenses
-8.5B USD
Operating Income
3.6B USD
Other Expenses
-366m USD
Net Income
3.2B USD

Free Cash Flow Analysis
Raytheon Technologies Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
What is Free Cash Flow?
Fundamental Scores

RTX Profitability Score
Profitability Due Diligence

Raytheon Technologies Corp's profitability score is 49/100. The higher the profitability score, the more profitable the company is.

ROE is Increasing
Positive Free Cash Flow
Positive Gross Profit
Positive Revenue Growth Forecast
49/100
Profitability
Score

Raytheon Technologies Corp's profitability score is 49/100. The higher the profitability score, the more profitable the company is.

RTX Solvency Score
Solvency Due Diligence

Raytheon Technologies Corp's solvency score is 35/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Short-Term Solvency
Low Altman Z-Score
35/100
Solvency
Score

Raytheon Technologies Corp's solvency score is 35/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

RTX Price Targets Summary
Raytheon Technologies Corp

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

According to Wall Street analysts, the average 1-year price target for RTX is 96.51 USD with a low forecast of 70.7 USD and a high forecast of 117.6 USD.

Lowest
Price Target
70.7 USD
24% Downside
Average
Price Target
96.51 USD
3% Upside
Highest
Price Target
117.6 USD
26% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

RTX 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

RTX Price
Raytheon Technologies Corp

1M 1M
+3%
6M 6M
+24%
1Y 1Y
-4%
3Y 3Y
+26%
5Y 5Y
+30%
10Y 10Y
+62%
Annual Price Range
93.46
52w Low
69.38
52w High
104.02
Price Metrics
Average Annual Return 11.22%
Standard Deviation of Annual Returns 25.91%
Max Drawdown -52%
Shares Statistics
Market Capitalization 124B USD
Shares Outstanding 1 329 639 936
Percentage of Shares Shorted 3.36%

RTX Return Decomposition
Main factors of price return

What is price return decomposition?

RTX News

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Last Important Events
Raytheon Technologies Corp

Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.

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Sentiment Analysis
Raytheon Technologies Corp

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Company Profile

Raytheon Technologies Corp Logo
Raytheon Technologies Corp

Country

United States of America

Industry

Aerospace & Defense

Market Cap

124B USD

Dividend Yield

2.54%

Description

Raytheon Technologies Corp. is an aerospace and defense company, which engages in the provision of aerospace and defense systems and services for commercial, military, and government customers. The company is headquartered in Waltham, Massachusetts and currently employs 174,000 full-time employees. The firm's operations are classified into four principal business segments: Collins Aerospace Systems, which is a global provider of aerospace and defense products and aftermarket service solutions for aircraft manufacturers, airlines, general aviation, as well as for defense and commercial space operations; Pratt & Whitney is engaged in suppling aircraft engines for commercial, military, business jet and general aviation customers; Raytheon Intelligence & Space is a developer and provider of integrated sensor and communication systems for advanced missions, advanced training, and cyber and software solutions to intelligence, defense, federal and commercial customers; and Raytheon Missiles & Defense segment, which is a designer, developer and producer of integrated air and missile defense systems.

Contact

MASSACHUSETTS
Waltham
870 Winter Street
+17815223000.0
https://www.rtx.com/

IPO

1934-09-05

Employees

174 000

Officers

CEO & Chairman
Mr. Gregory J. Hayes
President, COO & Director
Mr. Christopher T. Calio
Chief Financial Officer
Mr. Neil G. Mitchill Jr.
President of Collins Aerospace Systems
Mr. Stephen J. Timm
Executive Officer
Mr. Wesley D. Kremer
Chief Investment Officer & VP of Pension Investments
Ms. Robin L. Diamonte
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Corporate VP & Controller
Ms. Amy L. Johnson
Chief Technology Officer
Mr. Juan M. de Bedout
Vice President of Investor Relations
Ms. Jennifer Reed
General Counsel
Mr. Ramsaran Maharajh Jr.
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See Also

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

The intrinsic value of one RTX stock under the Base Case scenario is 140.25 USD.

Is RTX stock undervalued or overvalued?

Compared to the current market price of 93.46 USD, Raytheon Technologies Corp is Undervalued by 33%.