L3Harris Piotroski F Score

LHX -  USA Stock  

USD 229.40  7.25  3.06%

This module uses fundamental data of L3Harris Technologies to approximate its Piotroski F score. L3Harris Technologies F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of L3Harris Technologies. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about L3Harris Technologies financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Additionally, see L3Harris Technologies Altman Z Score, L3Harris Technologies Correlation, L3Harris Technologies Valuation, as well as analyze L3Harris Technologies Alpha and Beta and L3Harris Technologies Hype Analysis.
  
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L3Harris Technologies Debt Current is fairly stable at the moment as compared to the past year. L3Harris Technologies reported Debt Current of 13 Million in 2021. Debt to Equity Ratio is likely to rise to 1.23 in 2022, whereas Total Debt is likely to drop slightly above 6.4 B in 2022.
At this time, it appears that L3Harris Technologies' Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
6.0
Piotroski F Score - Healthy
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsDecreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)ImprovingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeDecreaseFocus
7
Long Term Debt Over Assets ChangeLower LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginNo ChangeFocus

L3Harris Technologies Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to L3Harris Technologies is to make sure L3Harris is not a subject of accounting manipulations and runs a healthy internal audit department. So, if L3Harris Technologies' auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if L3Harris Technologies' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares179.7 M196.2 M
Significantly Down
Decreasing
Slightly volatile
Weighted Average Shares Diluted108.4 M109 M
Slightly Down
Decreasing
Slightly volatile
Net Cash Flow from Operations2.9 B2.7 B
Significantly Up
Increasing
Very volatile
Total Assets37.4 B34.7 B
Significantly Up
Decreasing
Stable
Total Liabilities12.5 B15.4 B
Significantly Down
Decreasing
Slightly volatile
Current Assets5.2 B6.4 B
Significantly Down
Decreasing
Slightly volatile
Current Liabilities3.7 B4.6 B
Significantly Down
Decreasing
Stable
Total Debt6.4 B7.8 B
Significantly Down
Decreasing
Slightly volatile
Return on Average Assets0.05070.052
Fairly Down
Increasing
Slightly volatile
Gross Margin0.30.302
Slightly Down
Increasing
Slightly volatile
Asset Turnover0.560.5
Moderately Up
Increasing
Slightly volatile

L3Harris Technologies F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between L3Harris Technologies' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards L3Harris Technologies in a much-optimized way.

About L3Harris Technologies Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

About L3Harris Technologies Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze L3Harris Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of L3Harris Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of L3Harris Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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.

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Our tools can tell you how much better you can do entering a position in L3Harris Technologies without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Additionally, see L3Harris Technologies Altman Z Score, L3Harris Technologies Correlation, L3Harris Technologies Valuation, as well as analyze L3Harris Technologies Alpha and Beta and L3Harris Technologies Hype Analysis. 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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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When running L3Harris Technologies price analysis, check to measure L3Harris Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy L3Harris Technologies is operating at the current time. Most of L3Harris Technologies' value examination focuses on studying past and present price action to predict the probability of L3Harris Technologies' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move L3Harris Technologies' price. Additionally, you may evaluate how the addition of L3Harris Technologies to your portfolios can decrease your overall portfolio volatility.
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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.