L3Harris Technologies
Market Cap
US$47.0b
Last Updated
2019/09/20 23:36 UTC
Data Sources
Company Financials +
Executive Summary
L3Harris Technologies, Inc. provides technology-based solutions that solve government and commercial customers’ mission-critical challenges in the United States and internationally.
Snowflake
Fundamentals
Solid track record with reasonable growth potential and pays a dividend.
Similar Companies
Share Price & News
How has L3Harris Technologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
2.2%
LHX
-0.07%
US Aerospace & Defense
-0.6%
US Market
1 Year Return
29.0%
LHX
4.4%
US Aerospace & Defense
0.6%
US Market
LHX outperformed the Aerospace & Defense industry which returned 5.8% over the past year.
LHX outperformed the Market in United States of America which returned 1.1% over the past year.
Share holder returns
| LHX | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.2% | -0.07% | -0.6% |
| 30 Day | -1.0% | 2.5% | 2.2% |
| 90 Day | 7.5% | 6.5% | 1.1% |
| 1 Year | 31.2%29.0% | 6.4%4.4% | 2.9%0.6% |
| 3 Year | 145.5%133.3% | 60.3%51.5% | 44.6%35.2% |
| 5 Year | 246.4%213.0% | 98.4%79.6% | 61.9%44.2% |
Price Volatility Vs. Market
How volatile is L3Harris Technologies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
If You Had Bought L3Harris Technologies (NYSE:LHX) Shares Five Years Ago You'd Have Made 216%1 week ago | Simply Wall St
Calculating The Intrinsic Value Of L3Harris Technologies, Inc. (NYSE:LHX)2 weeks ago | Simply Wall St
Why We Think L3Harris Technologies, Inc. (NYSE:LHX) Could Be Worth Looking AtValuation
Is L3Harris Technologies undervalued based on future cash flows and its price relative to the stock market?
14%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
L3Harris Technologies's share price is below the future cash flow value, but not at a moderate discount (< 20%).
L3Harris Technologies's share price is below the future cash flow value, but not at a substantial discount (< 40%).
Price Based on Earnings
L3Harris Technologies is overvalued based on earnings compared to the US Aerospace & Defense industry average.
L3Harris Technologies is overvalued based on earnings compared to the United States of America market.
Price Based on Expected Growth
L3Harris Technologies is poor value based on expected growth next year.
Price Based on Value of Assets
L3Harris Technologies is overvalued based on assets compared to the US Aerospace & Defense industry average.
Next Steps
Future Growth
How is L3Harris Technologies expected to perform in the next 1 to 3 years based on estimates from 10 analysts?
19.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
L3Harris Technologies's revenue is expected to grow by 11.5% yearly, however this is not considered high growth (20% yearly).
L3Harris Technologies's earnings are expected to grow by 19.6% yearly, however this is not considered high growth (20% yearly).
L3Harris Technologies's revenue growth is expected to exceed the United States of America market average.
L3Harris Technologies's earnings growth is expected to exceed the United States of America market average.
L3Harris Technologies's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Earnings per Share Growth Estimates
Future Return on Equity
L3Harris Technologies is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
Next Steps
Past Performance
How has L3Harris Technologies performed over the past 5 years?
15.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
L3Harris Technologies's year on year earnings growth rate has been positive over the past 5 years.
L3Harris Technologies's 1-year earnings growth exceeds its 5-year average (35.9% vs 15.1%)
L3Harris Technologies's earnings growth has exceeded the US Aerospace & Defense industry average in the past year (35.9% vs 13.7%).
Return on Equity
Whilst L3Harris Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
Return on Assets
L3Harris Technologies used its assets more efficiently than the US Aerospace & Defense industry average last year based on Return on Assets.
Return on Capital Employed
L3Harris Technologies has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Next Steps
Financial Health
How is L3Harris Technologies's financial position?
Financial Position Analysis
L3Harris Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
L3Harris Technologies's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
L3Harris Technologies's level of debt (105.5%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has increased over the past 5 years (89% vs 105.5% today).
Debt is well covered by operating cash flow (33.4%, greater than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 8x coverage).
Balance Sheet
Low level of unsold assets.
Debt is not covered by short term assets, assets are 0.7x debt.
Next Steps
Dividend
What is L3Harris Technologies's current dividend yield, its reliability and sustainability?
1.55%
Expected Dividend Yield
Dividend Yield and Payments Analysis
L3Harris Technologies's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
L3Harris Technologies's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Dividends per share have been stable in the past 10 years.
Dividends per share have increased over the past 10 years.
Current Payout to Shareholders
Dividends paid are well covered by earnings (2.9x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be well covered by earnings (3.7x coverage).
Next Steps
Management
What is the CEO of L3Harris Technologies's salary, the management and board of directors tenure and is there insider trading?
3.1yrs
Average management tenure
CEO
Bill Brown (56yo)
7.8yrs
Tenure
US$15,723,532
Compensation
Mr. William M. Brown, also known as Bill, serves as Executive Chairman of L3Harris Technologies since April 25, 2014 and its Chief Executive Officer since November 1, 2011. Mr. Brown has been Director of L ...
CEO Compensation Analysis
Bill's remuneration is higher than average for companies of similar size in United States of America.
Bill's compensation has been consistent with company performance over the past year, both up more than 20%.
Management Age and Tenure
3.1yrs
Average Tenure
56yo
Average Age
The tenure for the L3Harris Technologies management team is about average.
Board Age and Tenure
2.2yrs
Average Tenure
67yo
Average Age
The average tenure for the L3Harris Technologies board of directors is less than 3 years, this suggests a new board.
Insider Trading
More shares have been bought than sold by L3Harris Technologies individual insiders in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,000 |
| Max Price | US$200.80 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 700 |
| Max Price | US$200.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,000 |
| Max Price | US$209.19 |
| Entity | Individual |
| Shares | 2,894 |
| Max Price | US$212.56 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 9,800 |
| Max Price | US$203.34 |
| Entity | Individual |
| Shares | 76.74 |
| Max Price | US$157.40 |
| Entity | Individual |
| Shares | 3,074 |
| Max Price | US$178.71 |
Ownership Breakdown
Management Team
Chris Kubasik (58yo)
Vice Chairman
- Tenure: 0.7yrs
Bill Brown (56yo)
Executive Chairman & CEO
- Tenure: 7.8yrs
- Compensation: US$15.72m
Scott Mikuen (57yo)
Senior VP
- Tenure: 8.9yrs
- Compensation: US$2.68m
Dana Mehnert (57yo)
President of Communication Systems
- Tenure: 4.2yrs
- Compensation: US$2.53m
Todd Taylor (46yo)
VP & Principal Accounting Officer
- Tenure: 4.3yrs
Rahul Ghai (47yo)
Executive Officer
- Tenure: 0.3yrs
- Compensation: US$3.16m
Anurag Maheshwari
Vice President of Investor Relations
- Tenure: 0yrs
Ross Niebergall
VP & CTO
- Tenure: 2.1yrs
Jay Malave (50yo)
Senior VP & CFO
- Tenure: 0.3yrs
Omar Fathi
VP & Chief Information Officer
- Tenure: 0yrs
Board Members
Tom Dattilo (68yo)
Independent Director
- Tenure: 18.1yrs
- Compensation: US$288.37k
Chris Kubasik (58yo)
Vice Chairman
- Tenure: 0.7yrs
Sallie Bailey (59yo)
Independent Director
- Tenure: 1.4yrs
- Compensation: US$257.54k
Fig Newton (76yo)
Director
- Tenure: 0.3yrs
Robert Millard (68yo)
Lead Independent Director
- Tenure: 0.3yrs
Lew Hay (63yo)
Independent Director
- Tenure: 17.6yrs
- Compensation: US$308.37k
Roger Fradin (66yo)
Independent Director
- Tenure: 2.9yrs
- Compensation: US$274.20k
Lew Kramer (71yo)
Director
- Tenure: 0.3yrs
Bill Brown (56yo)
Executive Chairman & CEO
- Tenure: 7.8yrs
- Compensation: US$15.72m
Peter Chiarelli (69yo)
Independent Director
- Tenure: 7.1yrs
- Compensation: US$269.20k
Company Information
L3Harris Technologies, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: L3Harris Technologies, Inc.
- Ticker: LHX
- Exchange: NYSE
- Founded: 1895
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Market Cap: US$46.992b
- Shares outstanding: 221.68m
- Website: https://www.l3harris.com
Number of Employees
Location
- L3Harris Technologies, Inc.
- 1025 West NASA Boulevard
- Melbourne
- Florida
- 32919
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| LHX | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1968 |
| HRS | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1968 |
| 0L3H | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jan 1968 |
Biography
L3Harris Technologies, Inc. provides technology-based solutions that solve government and commercial customers’ mission-critical challenges in the United States and internationally. The company operates in ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/09/20 23:36 |
| End of Day Share Price | 2019/09/20 00:00 |
| Earnings | 2019/06/28 |
| Annual Earnings | 2019/06/28 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.