L3Harris Technologies Revenue vs. Z Score

LHX
 Stock
  

USD 233.50  1.75  0.76%   

For L3Harris Technologies profitability analysis, we use financial ratios and fundamental drivers that measure the ability of L3Harris Technologies to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well L3Harris Technologies utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between L3Harris Technologies's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of L3Harris Technologies over time as well as its relative position and ranking within its peers. Additionally, see Stocks Correlation.
  
L3Harris Technologies Price to Sales Ratio is fairly stable at the moment as compared to the past year. L3Harris Technologies reported Price to Sales Ratio of 2.35 in 2021. Return on Sales is likely to rise to 0.15 in 2022, whereas Sales per Share is likely to drop 80.32 in 2022. L3Harris Technologies Consolidated Income is fairly stable at the moment as compared to the past year. L3Harris Technologies reported Consolidated Income of 1.84 Billion in 2021. Net Income is likely to rise to about 2 B in 2022, whereas Accumulated Other Comprehensive Income is likely to drop (157.5 M) in 2022.
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.
Quarterly Earnings Growth YOY
0.2
Market Capitalization
44.5 B
Quarterly Revenue Growth YOY
-0.11
Return On Assets
0.0457
Return On Equity
0.0974
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.

L3Harris Technologies Z Score vs. Revenue Fundamental Analysis

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.
L3Harris Technologies is considered the number one company in revenue category among related companies. It is rated below average in z score category among related companies . The ratio of Revenue to Z Score for L3Harris Technologies is about  2,803,333,333 . L3Harris Technologies Revenues is fairly stable at the moment as compared to the past year. L3Harris Technologies reported Revenues of 17.81 Billion in 2021. 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 Revenue vs. Competition

L3Harris Technologies is considered the number one company in revenue category among related companies. Market size based on revenue of Aerospace & Defense industry is now estimated at about 83.78 Billion. L3Harris Technologies totals roughly 16.82 Billion in revenue claiming about 20% of stocks in Aerospace & Defense industry.

L3Harris Z Score vs. Revenue

Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
L3Harris Technologies 
Revenue 
 = 
Money Received 
Discounts and Returns 
16.82 B
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
L3Harris Technologies 
Z Score 
 = 
Sum Of  
 
5 Factors 
6.0
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.

L3Harris Z Score Comparison

L3Harris Technologies is currently under evaluation in z score category among related companies.

L3Harris Technologies Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in L3Harris Technologies, profitability is also one of the essential criteria for including it into their portfolios because, without profit, L3Harris Technologies will eventually generate negative long term returns. The profitability progress is the general direction of L3Harris Technologies' change in net profit over the period of time. It can combine multiple indicators of L3Harris Technologies, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for 2022
Accumulated Other Comprehensive Income-146 M-157.5 M
Consolidated Income1.8 BB
Net Income1.8 BB
Net Income Common Stock1.8 BB
Net Loss Income from Discontinued Operations1000 KM
Net Income to Non Controlling Interests-4 M-4.3 M
Operating Income1.9 B1.6 B
Income Tax Expense440 M372.1 M
Net Income Per Employee39.4 K32.7 K
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.

L3Harris Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on L3Harris Technologies. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of L3Harris Technologies position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the L3Harris Technologies' important profitability drivers and their relationship over time.

Use L3Harris Technologies in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if L3Harris Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in L3Harris Technologies will appreciate offsetting losses from the drop in the long position's value.

L3Harris Technologies Pair Trading

L3Harris Technologies Pair Trading Analysis

The ability to find closely correlated positions to L3Harris Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace L3Harris Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back L3Harris Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling L3Harris Technologies to buy it.
The correlation of L3Harris Technologies is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as L3Harris Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if L3Harris Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for L3Harris Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your L3Harris Technologies position

In addition to having L3Harris Technologies in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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ISP
ISP Theme
Internet Service Providers (ISP) companies and IT providers specializing in internet technologies. The ISP theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize ISP Theme or any other thematic opportunities.
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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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

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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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To fully project L3Harris Technologies' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of L3Harris Technologies at a specified time, usually calculated after every quarter, six months, or one year. 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 can use historical trends found within financial statements to determine how well the company is positioned for the future. Although L3Harris Technologies investors may work on 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.