L3Harris Technologies
Market Cap
US$43.1b
Last Updated
2019/12/08 23:37 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.
Rewards
Risk Analysis
Snowflake Analysis
Solid track record established dividend payer.
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
Stable Share Price: LHX has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-4.3%
LHX
-0.9%
US Aerospace & Defense
0.3%
US Market
1 Year Return
38.1%
LHX
26.7%
US Aerospace & Defense
18.5%
US Market
Return vs Industry: LHX exceeded the US Aerospace & Defense industry which returned 26.7% over the past year.
Return vs Market: LHX exceeded the US Market which returned 18.5% over the past year.
Shareholder returns
| LHX | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.3% | -0.9% | 0.3% |
| 30 Day | -1.8% | -0.3% | 1.5% |
| 90 Day | -7.8% | 2.6% | 5.7% |
| 1 Year | 40.2%38.1% | 29.1%26.7% | 21.1%18.5% |
| 3 Year | 91.8%82.4% | 48.0%40.1% | 45.9%36.4% |
| 5 Year | 207.2%178.5% | 93.1%74.6% | 71.4%52.5% |
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 week ago | Simply Wall St
Despite Its High P/E Ratio, Is L3Harris Technologies, Inc. (NYSE:LHX) Still Undervalued?2 weeks ago | Simply Wall St
Is L3Harris Technologies, Inc. (NYSE:LHX) Investing Your Capital Efficiently?3 weeks ago | Simply Wall St
Need To Know: L3Harris Technologies, Inc. (NYSE:LHX) Insiders Have Been Buying SharesValuation
Is L3Harris Technologies undervalued compared to its fair value and its price relative to the market?
26.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LHX ($192.49) is trading below our estimate of fair value ($263.38)
Significantly Below Fair Value: LHX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: LHX is poor value based on its PE Ratio (23.8x) compared to the Aerospace & Defense industry average (21.3x).
PE vs Market: LHX is poor value based on its PE Ratio (23.8x) compared to the US market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: LHX is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: LHX is good value based on its PB Ratio (1.9x) compared to the US Aerospace & Defense industry average (2.6x).
Next Steps
Future Growth
How is L3Harris Technologies forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
17.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LHX's forecast earnings growth (17.4% per year) is above the savings rate (1.7%).
Earnings vs Market: LHX's earnings (17.4% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: LHX's earnings are forecast to grow, but not significantly.
Revenue vs Market: LHX's revenue (9% per year) is forecast to grow faster than the US market (7.4% per year).
High Growth Revenue: LHX's revenue (9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LHX's Return on Equity is forecast to be low in 3 years time (11.5%).
Next Steps
Past Performance
How has L3Harris Technologies performed over the past 5 years?
18.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LHX has high quality earnings.
Growing Profit Margin: LHX's current net profit margins (12%) are higher than last year (11.9%).
Past Earnings Growth Analysis
Earnings Trend: LHX's earnings have grown by 18.2% per year over the past 5 years.
Accelerating Growth: LHX's earnings growth over the past year (55.4%) exceeds its 5-year average (18.2% per year).
Earnings vs Industry: LHX earnings growth over the past year (55.4%) exceeded the Aerospace & Defense industry 8.7%.
Return on Equity
High ROE: LHX's Return on Equity (5.1%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is L3Harris Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: LHX's short term assets ($7.0B) exceed its short term liabilities ($4.7B).
Long Term Liabilities: LHX's short term assets ($7.0B) do not cover its long term liabilities ($11.3B).
Debt to Equity History and Analysis
Debt Level: LHX's debt to equity ratio (30.4%) is considered satisfactory.
Reducing Debt: LHX's debt to equity ratio has reduced from 90.7% to 30.4% over the past 5 years.
Debt Coverage: LHX's debt is not well covered by operating cash flow (16.5%).
Interest Coverage: LHX's interest payments on its debt are well covered by EBIT (9.3x coverage).
Balance Sheet
Inventory Level: LHX has a low level of unsold assets or inventory.
Debt Coverage by Assets: LHX's debt is covered by short term assets (assets are 1x debt).
Next Steps
Dividend
What is L3Harris Technologies's current dividend yield, its reliability and sustainability?
1.56%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: LHX's dividend (1.56%) is higher than the bottom 25% of dividend payers in the US market (1.42%).
High Dividend: LHX's dividend (1.56%) is low compared to the top 25% of dividend payers in the US market (3.7%).
Stability and Growth of Payments
Stable Dividend: LHX's dividends per share have been stable in the past 10 years.
Growing Dividend: LHX's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (34.7%), LHX's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LHX's dividends in 3 years are forecast to be well covered by earnings (24.6% payout ratio).
Next Steps
Management
What is the CEO of L3Harris Technologies's salary, the management and board of directors tenure and is there insider trading?
4.5yrs
Average management tenure
CEO
Bill Brown (56yo)
8.1yrs
Tenure
US$15,723,532
Compensation
Mr. William M. Brown, also known as Bill, serves as Executive Chairman of L3Harris Technologies since April 25, 2014 and its Chief Executive Officer since November 1, 2011. Mr. Brown has been Director of L ...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD15.72M) is above average for companies of similar size in the US market ($USD11.01M).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
Management Age and Tenure
4.5yrs
Average Tenure
57yo
Average Age
Experienced Management: LHX's management team is considered experienced (4.5 years average tenure).
Board Age and Tenure
2.4yrs
Average Tenure
67yo
Average Age
Experienced Board: LHX's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: LHX insiders have bought more shares than they have sold 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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21.9%.
Management Team
Chris Kubasik (58yo)
Vice Chairman
- Tenure: 0.9yrs
Bill Brown (56yo)
Executive Chairman & CEO
- Tenure: 8.1yrs
- Compensation: US$15.72m
Scott Mikuen (57yo)
Senior VP
- Tenure: 9.2yrs
- Compensation: US$2.68m
Dana Mehnert (57yo)
President of Communication Systems
- Tenure: 4.4yrs
- Compensation: US$2.53m
Terry Feiser (63yo)
Vice President of Internal Audit & Compliance
- Tenure: 12.8yrs
Todd Taylor (46yo)
VP & Principal Accounting Officer
- Tenure: 4.6yrs
Anurag Maheshwari
Vice President of Investor Relations
- Tenure: 0yrs
Ross Niebergall
VP & CTO
- Tenure: 2.3yrs
Jay Malave (50yo)
Senior VP & CFO
- Tenure: 0.5yrs
Omar Fathi
VP & Chief Information Officer
- Tenure: 0yrs
Board Members
Tom Dattilo (68yo)
Independent Director
- Tenure: 18.3yrs
- Compensation: US$288.37k
Chris Kubasik (58yo)
Vice Chairman
- Tenure: 0.9yrs
Sallie Bailey (59yo)
Independent Director
- Tenure: 1.7yrs
- Compensation: US$257.54k
Fig Newton (76yo)
Independent Director
- Tenure: 0.5yrs
Robert Millard (68yo)
Lead Independent Director
- Tenure: 0.5yrs
Lew Hay (63yo)
Independent Director
- Tenure: 17.8yrs
- Compensation: US$308.37k
Roger Fradin (66yo)
Independent Director
- Tenure: 3.2yrs
- Compensation: US$274.20k
Lew Kramer (71yo)
Independent Director
- Tenure: 0.5yrs
Bill Brown (56yo)
Executive Chairman & CEO
- Tenure: 8.1yrs
- Compensation: US$15.72m
Peter Chiarelli (69yo)
Independent Director
- Tenure: 7.3yrs
- 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$43.094b
- Shares outstanding: 221.06m
- 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 |
| LHXT | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | 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 | 2019/12/08 23:37 |
| End of Day Share Price | 2019/12/06 00:00 |
| Earnings | 2019/09/27 |
| 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.