L3Harris Stock Financials

LHX -  USA Stock  

USD 229.40  4.43  1.89%

Understanding current and past L3Harris Technologies Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of L3Harris Technologies' financial statements are interrelated, with each one affecting the others. For example, an increase in L3Harris Technologies' assets may result in an increase in income on the income statement. Because of this, it is necessary to analyze all of L3Harris Technologies' financials over time to get the whole picture.
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We recommend to make use of L3Harris Technologies fundamental analysis to see if markets are at this time mispricing the company. Strictly speaking, this technique allows you to check out available financial ratios of L3Harris Technologies as well as the relationship between them. We have analyze and collected data for thirty-eight available fundamentals for L3Harris Technologies, which can be compared to its peers in the industry. To make sure the equity is not overpriced, please verify all L3Harris Technologies financials, including its price to book, cash flow from operations, z score, as well as the relationship between the cash and equivalents and market capitalization . Given that L3Harris Technologies has a price to earning of 30.53 X, we recommend you to check L3Harris Technologies last-minute market performance to make sure the company can sustain itself in the coming quarters. Use L3Harris Technologies to protect your portfolios against small market fluctuations. The stock experiences a somewhat bearish sentiment, but the market may correct it shortly. Check odds of L3Harris Technologies to be traded at $222.52 in 90 days.
  
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With this module, you can analyze L3Harris financials for your investing period. You should be able to track the changes in L3Harris Technologies individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
Chance Of Financial Distress
Less than 12
L3Harris Technologies has less than 12 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for L3Harris Technologies stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity. More Info
The data published in L3Harris Technologies' official financial statements usually reflect L3Harris Technologies' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of L3Harris Technologies. For example, before you start analyzing numbers published by L3Harris accountants, it's critical to develop an understanding of what L3Harris Technologies' liquidity, profitability, and earnings quality are in the context of the Industrials space in which it operates.
Please note, the presentation of L3Harris Technologies' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, L3Harris Technologies' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in L3Harris Technologies' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of L3Harris Technologies. Please utilize our Beneish M Score to check the likelihood of L3Harris Technologies' management to manipulate its earnings.

L3Harris Technologies Company Summary

L3Harris Technologies competes with Archer Aviation, AAR Corp, Air Industries, Aerojet Rocketdyne, and Astrotech Corp. L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida. L3Harris Technologies operates under Aerospace Defense classification in the United States and is traded on New York Stock Exchange. It employs 47000 people.
Specialization
Industrials, Aerospace & Defense
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
CUSIP413875105
Older SymbolHRS
LocationFlorida; U.S.A
Business Address1025 West NASA
SectorIndustrials
IndustryAerospace & Defense
BenchmarkDOW
Websitewww.l3harris.com
Phone321 727 9100
CurrencyUSD - US Dollar
You should never invest in L3Harris Technologies without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of L3Harris Stock, because this is throwing your money away. Analyzing the key information contained in L3Harris Technologies' financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

L3Harris Technologies Key Financial Ratios

Generally speaking, L3Harris Technologies' financial ratios allow both analysts and investors to convert raw data from L3Harris Technologies' financial statements into concise, actionable information that can be used to evaluate the performance of L3Harris Technologies over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that L3Harris Technologies reports annually and quarterly.

L3Harris Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining L3Harris Technologies's current stock value. Our valuation model uses many indicators to compare L3Harris Technologies value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across L3Harris Technologies competition to find correlations between indicators driving L3Harris Technologies's intrinsic value. More Info.
L3Harris Technologies is rated third overall in beta category among related companies. It is rated third overall in price to earnings to growth category among related companies producing about  0.59  of Price to Earnings To Growth per Beta. The ratio of Beta to Price to Earnings To Growth for L3Harris Technologies is roughly  1.69 . Earnings Before Interest Taxes and Depreciation Amortization EBITDA is likely to rise to about 3.8 B in 2022. Earnings before Tax is likely to rise to about 2.5 B in 2022. Comparative valuation analysis is a catch-all model that can be used if you cannot value L3Harris Technologies by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for L3Harris Technologies' Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the L3Harris Technologies' earnings, one of the primary drivers of an investment's value.

L3Harris Technologies Systematic Risk

L3Harris Technologies' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. L3Harris Technologies volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty with a total number of output elements of thirty-one. The Beta measures systematic risk based on how returns on L3Harris Technologies correlated with the market. If Beta is less than 0 L3Harris Technologies generally moves in the opposite direction as compared to the market. If L3Harris Technologies Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one L3Harris Technologies is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of L3Harris Technologies is generally in the same direction as the market. If Beta > 1 L3Harris Technologies moves generally in the same direction as, but more than the movement of the benchmark.
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About L3Harris Technologies Financials

What exactly are L3Harris Technologies Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include L3Harris Technologies' income statement, its balance sheet, and the statement of cash flows. Potential L3Harris Technologies investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although L3Harris Technologies investors may use each financial statement separately, they are all related. The changes in L3Harris Technologies's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on L3Harris Technologies's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines that you should keep in mind when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase year after year due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt to equity ratio because this number will tell you how much risk it has. If a company such as L3Harris Technologies is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to try and figure out if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that net revenue of L3Harris grown by more than 25% over the last five years, then there is a good chance that it will continue growing at least by 20% or more each year. On the other hand, if you see that net revenue has only grown by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.

L3Harris Technologies Thematic Clasifications

L3Harris Technologies is part of Electronic Equipment investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Electronic Equipment industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
Electronic Equipment Idea
Electronic EquipmentView
This theme covers USA Equities from Electronic Equipment industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas

L3Harris Technologies May 24, 2022 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of L3Harris Technologies help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of L3Harris Technologies. We use our internally-developed statistical techniques to arrive at the intrinsic value of L3Harris Technologies based on widely used predictive technical indicators. In general, we focus on analyzing L3Harris Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build L3Harris Technologies's daily price indicators and compare them against related drivers.
Downside Deviation2.06
Information Ratio0.1007
Maximum Drawdown13.74
Value At Risk(3.26)
Potential Upside3.2
Additionally, see Stocks Correlation. Note that the L3Harris Technologies information on this page should be used as a complementary analysis to other L3Harris Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

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Is L3Harris Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of L3Harris Technologies. If investors know L3Harris will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about L3Harris Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of L3Harris Technologies is measured differently than its book value, which is the value of L3Harris that is recorded on the company's balance sheet. Investors also form their own opinion of L3Harris Technologies' value that differs from its market value or its book value, called intrinsic value, which is L3Harris Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because L3Harris Technologies' market value can be influenced by many factors that don't directly affect L3Harris Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between L3Harris Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine L3Harris Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, L3Harris Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.