HARRIS CORP. DL 1
stock DE:HRS (FRANKFURT)

Alternative ID: US4138751056

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Exchange: FRANKFURT
Sector: Technology
Industry: Aerospace & Defense
Market Cap: Large (40.75B)
Data in EUR

EPS: 5.33
Current PE: 36.22
BVPS: 99.04
Price/BVPS: 1.97
Dividend: 3.57 / 1.7%

Hist Grade: B (68.67)
YOY Grade: D (37.57)
Debt/FCF: 2.89
ROIC: 7.4%
PEG: 3.42
PEGY: 2.94

Value Price: 247.58
MOS Price: 123.79
MOS %: 27.1%
Graham Number: 109.00
Graham MOS %: -44.0%
IRT: 11.05

Market Price

194.72

0.08 0.0%

as of Mar 30 '23

52 Week Range:

189.73 255.95

Stock Analyzer Tutorials

General Info

type: video (mp4); length: 3:30

Demonstrates how to use Stock Analyzer, shows how to analyze a stock and explains in detail "General Info" section of the Stock Analyzer result page.

Financial Statements

type: video (mp4); length: 5:10

Explains information presented in the Financial Statements section of the S2O Stock Analyzer: financial statements charts, absolute values and growth rates.

Growth Grade and Financial Ratios

type: video (mp4); length: 5:09

Demonstrates how to use Growth Grade & Financial Ratios section; shows the difference between historical and year-over-year Growth Grade on the real life example.

Demonstrates how to use Value Price (intrinsic value) and the Graham Number, MOS (margin of safety) and IRT - Investment Recovery Time; explains 3 different projection models used to compute value price - pessimistic, moderate and optimistic.

Price Charts

type: video (mp4); length: 8:34

Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

General Info

Exchange: FRANKFURT
Sector: Technology
Industry: Aerospace & Defense
Market Cap: Large (40.75B)
Inst. Ownership: 85.37%
Insider Ownership: 0.47%
Full Time Employees: 47000

L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modification, and periodic depot maintenance services for ISR and airborne missions. It also manufactures and integrates mission systems for maritime platforms, such as signals intelligence and multi-intelligence platforms; unmanned surface and undersea autonomous solutions; and power and ship control systems and other electronic and electrical products and systems. In addition, this segment offers advanced electro-optical and infrared solutions. Its Space and Airborne Systems segment offers space payloads, sensors, and full-mission solutions; classified intelligence and cyber defense solutions; mission avionics; and electronic warfare systems. The company's Communication Systems segment provides tactical communications; broadband secured mobile networked communication equipment, including airborne, space, and surface data link terminals, ground stations, and transportable tactical satellite communication (SATCOM) systems for use in manned aircraft, unmanned aerial vehicles, and naval ships; and helmet and weapon mounted integrated night vision systems. This segment also offers radios, systems applications, and equipment for critical public safety and professional communications; and SATCOM terminals and battlefield management networks. Its Aviation Systems segment offers defense aviation products; commercial pilot training; and mission networks solutions for air traffic management. The company was formerly known as Harris Corporation and changed its name to L3Harris Technologies, Inc. in June 2019. L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

You can check "Annual Financial Statements" and "Quarterly Financial Statements" sections for exact numbers and growth rates.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item. A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss. (source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement

Cash Flow Statement

Balance Sheet

Liquidity Ratios

Current Ratio

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity. ROE is sometimes called "return on net worth."

ROIC

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name	Jun '15	Jul '15	Jun '16	Jul '16	Jun '17	Jun '18	Dec '18	Jun '19	Jan '20	Jan '21	Oct '21
Equity (BVPS)	15.73		24.26		21.29	22.94		14.32		82.79	88.63
growth rate			24.2%		-6.3%	7.8%		-21.0%		140.5%	7.1%
Earnings BIT		767.00		1,075.00	1,115.00	1,156.00	995.00	1,343.00	2,674.00	2,553.00	2,670.00
growth rate				18.4%	3.7%	3.7%	-13.9%	35.0%	99.1%	-4.5%	4.6%
Avg.PE			19.50		59.30	30.87		30.87	30.87	30.87	30.87
growth rate					74.4%	-47.9%		0.0%	0.0%	0.0%	0.0%
ROA	3.70		2.58		5.01	7.21		9.51		2.97	5.15
growth rate			-16.5%		39.4%	43.9%		14.9%		-44.1%	73.4%
ROE	12.79		10.04		18.48	22.98		28.39		5.17	9.24
growth rate			-11.4%		35.7%	24.4%		11.2%		-57.3%	78.7%
ROIC	7.02		5.35		9.25	12.07		15.60		4.53	7.43
growth rate			-12.7%		31.5%	30.5%		13.7%		-46.1%	64.0%
Cur. Ratio	1.54		1.33		1.08	1.24		1.14		1.57	1.40
growth rate			-7.1%		-9.9%	14.8%		-4.1%		17.4%	-10.8%
Quick Ratio	0.76		0.76		0.59	0.67		0.88		1.26	1.12
growth rate			0.0%		-11.9%	13.6%		14.6%		19.7%	-11.1%
Leverage	3.86		3.93		3.45	2.96		3.01		1.78	1.81
growth rate			0.9%		-6.3%	-14.2%		0.8%		-23.1%	1.7%
Balance Sheet	Jun '15	Jul '15	Jun '16	Jul '16	Jun '17	Jun '18	Dec '18	Jun '19	Jan '20	Jan '21	Oct '21
Acct.Receivable		1,255.00		749.00	647.00	1,422.00		1,455.00	3,877.00	4,076.00	4,164.00
growth rate				-22.8%	-13.6%	119.8%		1.2%	166.5%	5.1%	2.2%
Acct.Payable		581.00		494.00	540.00	622.00		525.00	1,261.00	1,406.00	1,767.00
growth rate				-7.8%	9.3%	15.2%		-8.1%	140.2%	11.5%	25.7%
Cur.Assets		3,183.00		2,624.00	2,073.00	2,224.00		2,578.00	6,312.00	6,667.00	6,359.00
growth rate				-9.2%	-21.0%	7.3%		7.7%	144.8%	5.6%	-4.6%
Total Assets		13,127.00		12,009.00	10,090.00	9,851.00		10,117.00	38,336.00	36,960.00	34,709.00
growth rate				-4.4%	-16.0%	-2.4%		1.3%	278.9%	-3.6%	-6.1%
Cash		481.00		487.00	484.00	288.00		530.00	824.00	1,276.00	941.00
growth rate				0.6%	-0.6%	-40.5%		35.7%	55.5%	54.9%	-26.3%
Inventory		1,015.00		867.00	841.00	411.00		360.00	1,219.00	1,034.00	1,030.00
growth rate				-7.6%	-3.0%	-51.1%		-6.4%	238.6%	-15.2%	-0.4%
Cur.Liabilities		2,274.00		1,981.00	1,926.00	1,850.00		2,268.00	4,009.00	4,240.00	4,551.00
growth rate				-6.7%	-2.8%	-4.0%		10.7%	76.8%	5.8%	7.3%
Liabilities		9,725.00		8,952.00	7,162.00	6,573.00		6,754.00	15,592.00	16,119.00	15,390.00
growth rate				-4.1%	-20.0%	-8.2%		1.4%	130.9%	3.4%	-4.5%
LT Debt		5,053.00		4,120.00	3,396.00	3,408.00		2,763.00	6,694.00	6,908.00	6,891.00
growth rate				-9.7%	-17.6%	0.4%		-10.0%	142.3%	3.2%	-0.3%
Equity		3,397.00		3,056.00	2,928.00	3,278.00		3,363.00	22,587.00	20,724.00	19,213.00
growth rate				-5.2%	-4.2%	12.0%		1.3%	571.6%	-8.3%	-7.3%
Common Shares	106.00		125.00		124.00	121.00		119.00	218.00	208.00	194.00
growth rate			8.6%		-0.4%	-2.4%		-0.8%	83.2%	-4.6%	-6.7%
Cash Flow Statement	Jun '15	Jul '15	Jun '16	Jul '16	Jun '17	Jun '18	Dec '18	Jun '19	Jan '20	Jan '21	Oct '21
Capital Expenditures		148.00		152.00	119.00	136.00	160.00	161.00	346.00	368.00	342.00
growth rate				1.3%	-21.7%	14.3%	17.7%	0.6%	114.9%	6.4%	-7.1%
Cash Dividends		198.00		252.00	262.00	272.00	298.00	325.00	674.00	725.00	817.00
growth rate				12.8%	4.0%	3.8%	9.6%	9.1%	107.4%	7.6%	12.7%
Cash From OA		854.00		924.00	569.00	751.00	847.00	1,185.00	1,878.00	2,790.00	2,687.00
growth rate				4.0%	-38.4%	32.0%	12.8%	39.9%	58.5%	48.6%	-3.7%
FCF per Share	5.22		6.19		5.30	1.36		9.01		6.70	9.29
growth rate			8.9%		-7.5%	-74.3%		157.4%		-13.8%	38.7%
Sale Purchase of Stock		47.00		44.00	54.00
growth rate				-3.2%	22.7%
FCF	706.00	706.00	772.00	772.00	450.00	615.00	687.00	1,024.00	1,532.00	2,422.00	2,345.00
growth rate		0.0%	9.4%	0.0%	-41.7%	36.7%	11.7%	49.1%	49.6%	58.1%	-3.2%
Income Statement	Jun '15	Jul '15	Jun '16	Jul '16	Jun '17	Jun '18	Dec '18	Jun '19	Jan '20	Jan '21	Oct '21
Sales		3,885.00		5,992.00	5,897.00	6,168.00	6,431.00	6,801.00	18,526.00	18,194.00	17,814.00
growth rate				24.2%	-1.6%	4.6%	4.3%	5.8%	172.4%	-1.8%	-2.1%
Op.Income		767.00		1,075.00	1,115.00	1,156.00	995.00	1,343.00	2,674.00	2,553.00	2,670.00
growth rate				18.4%	3.7%	3.7%	-13.9%	35.0%	99.1%	-4.5%	4.6%
IBT		396.00		884.00	889.00	908.00	983.00	1,113.00	1,816.00	1,322.00	2,283.00
growth rate				49.4%	0.6%	2.1%	8.3%	13.2%	63.2%	-27.2%	72.7%
Net Income		334.00		324.00	543.00	699.00	847.00	949.00	1,644.00	1,119.00	1,846.00
growth rate				-1.5%	67.6%	28.7%	21.2%	12.0%	73.2%	-31.9%	65.0%
EPS	3.11		2.59		4.36	5.76		7.86		5.19	9.09
growth rate			-8.7%		29.8%	32.1%		16.8%		-18.7%	75.1%
Gross Profit		1,515.00		2,174.00	2,043.00	2,102.00	2,201.00	2,334.00	5,358.00	5,339.00	5,376.00
growth rate				19.8%	-6.0%	2.9%	4.7%	6.0%	129.6%	-0.4%	0.7%

Quarterly Statements

Item Name	Apr '21	Jul '21	Oct '21	Apr '22	Jul '22
Earnings BIT	685.00	660.00	746.00	628.00	595.00
growth rate		-3.7%	13.0%	-15.8%	-5.3%
Balance Sheet	Apr '21	Jul '21	Oct '21	Apr '22	Jul '22
Acct.Receivable	3,872.00	3,894.00	4,164.00	4,450.00	4,286.00
growth rate		0.6%	6.9%	6.9%	-3.7%
Acct.Payable	1,373.00	1,406.00	1,767.00	1,723.00	1,721.00
growth rate		2.4%	25.7%	-2.5%	-0.1%
Cur.Assets	7,538.00	7,589.00	6,359.00	6,249.00	6,188.00
growth rate		0.7%	-16.2%	-1.7%	-1.0%
Total Assets	36,590.00	36,064.00	34,709.00	34,444.00	34,138.00
growth rate		-1.4%	-3.8%	-0.8%	-0.9%
Cash	976.00	2,029.00	941.00	402.00	420.00
growth rate		107.9%	-53.6%	-57.3%	4.5%
Inventory	904.00	938.00	1,030.00	1,148.00	1,249.00
growth rate		3.8%	9.8%	11.5%	8.8%
Cur.Liabilities	4,231.00	4,464.00	4,551.00	4,737.00	4,884.00
growth rate		5.5%	2.0%	4.1%	3.1%
Liabilities	16,108.00	16,088.00	15,390.00	15,078.00	14,948.00
growth rate		-0.1%	-4.3%	-2.0%	-0.9%
LT Debt	7,066.00	7,061.00	6,891.00	6,795.00	6,782.00
growth rate		-0.1%	-2.4%	-1.4%	-0.2%
Equity	20,367.00	19,863.00	19,213.00	19,260.00	19,086.00
growth rate		-2.5%	-3.3%	0.2%	-0.9%
Common Shares	205.00	202.00	194.00	193.00	192.00
growth rate		-1.5%	-4.0%	-0.5%	-0.5%
Cash Flow Statement	Apr '21	Jul '21	Oct '21	Apr '22	Jul '22
Capital Expenditures	64.00	64.00	135.00	55.00	62.00
growth rate		0.0%	110.9%	-59.3%	12.7%
Cash Dividends	209.00	207.00	199.00	218.00	217.00
growth rate		-1.0%	-3.9%	9.6%	-0.5%
Cash From OA	661.00	720.00	822.00	39.00	749.00
growth rate		8.9%	14.2%	-95.3%	1,820.5%
Sale Purchase of Stock
growth rate
FCF	597.00	656.00	687.00	-16.00	687.00
growth rate		9.9%	4.7%	-100.0%	100.0%
Income Statement	Apr '21	Jul '21	Oct '21	Apr '22	Jul '22
Sales	4,567.00	4,668.00	4,350.00	4,103.00	4,135.00
growth rate		2.2%	-6.8%	-5.7%	0.8%
Op.Income	685.00	660.00	746.00	628.00	595.00
growth rate		-3.7%	13.0%	-15.8%	-5.3%
IBT	527.00	582.00	588.00	536.00	525.00
growth rate		10.4%	1.0%	-8.8%	-2.1%
Net Income	468.00	413.00	484.00	475.00	471.00
growth rate		-11.8%	17.2%	-1.9%	-0.8%
Gross Profit	1,354.00	1,417.00	1,297.00	1,211.00	1,228.00
growth rate		4.7%	-8.5%	-6.6%	1.4%

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.

Growth Grade

Historical Growth Grade:

B (68.67)

YOY Growth Grade:

D (37.57)

Click on buttons above for detailed yearly growth rates.

Market Ratios

Dividend Yield: 1.7%
Beta: 0.70
Beta of 0.7019 suggests that the asset is less volatile than the rest of the market.
PE: 36.22
EY: 2.8%
PEG: 3.42
PEG Ratio of 3.42 suggests that stock is overpriced.
PEGY: 2.94
PEGY Ratio of 2.94 suggests that stock is overpriced.
Price/BVPS: 1.97

Profitability Ratios

ROE: 9.2%
Return on Equity (ROE) of 9.2% suggests that management is inefficient or it could reflect a highly capitalized, conservatively operated business with little long term debt.
ROS: 15.0%
The value of Return on Sales depends on the business and/or industry. Usually the higher ratio the better.
ROA: 6.6%
Return on Assets (ROA). Low ratio usually means poor performance, or ineffective use of assets by management. High ratio usually means good performance.
ROI: 11.9%
Return on Investment (ROI) of 11.9% suggests that management is inefficient or it could reflect a highly capitalized, conservatively operated business with little long term debt.
ROIC: 7.4%
Return on Invested Capital (ROIC) of 7.4% suggests that management is inefficient or it could reflect a highly capitalized, conservatively operated business with little long term debt.

Liquidity Ratios

Current Ratio: 1.40
Current Ratio of 1.40 suggests that a company may not be able to pay off bills as rapidly as it should.
Quick Ratio: 1.12
Quick Ratio of 1.12 suggests that a company is doing well.
Cash Turnover: 9.85
Turnover Of Cash Ratio of 9.85 suggests that a company may be vulnerable to creditors. As a result it may be unable to pay wages or utility bills.
Equity Ratio: 55.4%
Equity Ratio of 55.4% suggests that a reasonably large percent of the company's assets financed by shareholder equity.
Debt/Equity: 80.1%
Debt to Equity Ratio of 80.1% suggests that a company is doing well.
Debt/FCF: 2.89
Debt/FCF of 2.89 suggests that a company is doing well and can pay off its long term debt within three years.

Efficiency Ratios

Avg Collection Period: 85.32
Average Collection Period of 85.32 days suggests a slow turnover, which may be the result of a number of bad accounts, or a tax collection policy or perhaps credit is being used to generate sales.
Inventory Turnover: 12.08
Inventory Turnover Ratio of 12.08 suggests that a company is doing well.
Cash Flow Ratio: 2.94
Cash Flow Ratio of 2.94 suggests a company is doing OK, but lower inventory is generally viewed as a positive trend.
Profit Margin: 10.4%

Value Price

PE and EPS

	Historical	Current	Forward
PE	38.94	36.52	23.79
EPS / Growth	13.0%	5.33	10.6%

Value Price & Investment Recovery Time

Read more about Stock2Own value price in Stock Market: Fundamental Analysis.

Equity Growth Rate: 32.9%

Estimates	Pessimistic	Moderate	Optimistic
Rate of Return	15.0%
MOS Price %	50 %
Future EPS Growth	10.6%	18.8%	18.8%
Future PE	21.20	33.46	33.46
Future EPS	14.60	29.93	29.93
Value Price MOS %	76.52 -60.7%	247.58 27.1%	247.58 27.1%
MOS Price	38.26	123.79	123.79
IRT	14.93	11.09	11.09

Graham Number:

NOTE: The Graham Number applies only to certain types of stocks in combination with a number of other criteria.

Read more about Graham Number in Stock Market: Fundamental Analysis.

Graham Number: 109.00
Graham MOS: -44.0%

Price Chart

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