Financials Harris Corporation CINNOBER BOAT

Equities

0J3A

US4138751056

Aerospace & Defense

Delayed CINNOBER BOAT 5-day change 1st Jan Change
- USD -.--% Intraday chart for Harris Corporation -.--% -.--%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 44,591 39,142 41,672 39,349 39,921 45,603 - -
Enterprise Value (EV) 1 50,721 44,784 47,792 45,514 52,486 56,905 56,247 55,727
P/E ratio 25.5 x 35.9 x 23.4 x 37.6 x 32.7 x 28.9 x 22.4 x 19 x
Yield 1.49% 1.83% 1.92% - - 1.92% 2.01% 2.1%
Capitalization / Revenue 2.47 x 2.15 x 2.34 x 2.31 x 2.06 x 2.15 x 2.06 x 1.97 x
EV / Revenue 2.81 x 2.46 x 2.68 x 2.67 x 2.7 x 2.68 x 2.54 x 2.41 x
EV / EBITDA 14.2 x 10.4 x 11 x 13 x - 14.7 x 13.4 x 12.7 x
EV / FCF 20.6 x 16.7 x 17.4 x 22.4 x 26.1 x 25.3 x 22.6 x 19.6 x
FCF Yield 4.85% 6% 5.75% 4.46% 3.83% 3.95% 4.43% 5.1%
Price to Book 1.47 x 1.87 x 2.14 x - - 2.37 x 2.29 x 2.2 x
Nbr of stocks (in thousands) 221,065 210,112 196,225 190,403 189,540 189,680 - -
Reference price 2 201.7 186.3 212.4 206.7 210.6 240.4 240.4 240.4
Announcement Date 20-02-04 21-01-29 22-01-31 23-01-26 24-01-25 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 18,074 18,194 17,814 17,062 19,419 21,199 22,111 23,150
EBITDA 1 3,566 4,312 4,364 3,514 - 3,881 4,192 4,387
EBIT 1 2,995 3,280 3,397 2,628 2,874 3,193 3,465 3,667
Operating Margin 16.57% 18.03% 19.07% 15.4% 14.8% 15.06% 15.67% 15.84%
Earnings before Tax (EBT) 1 1,493 1,322 2,283 1,273 1,221 1,869 2,428 2,757
Net income 1 1,333 1,119 1,846 1,062 1,227 1,618 2,057 2,347
Net margin 7.38% 6.15% 10.36% 6.22% 6.32% 7.63% 9.3% 10.14%
EPS 2 7.900 5.190 9.090 5.490 6.440 8.312 10.75 12.62
Free Cash Flow 1 2,460 2,686 2,746 2,029 2,009 2,245 2,489 2,842
FCF margin 13.61% 14.76% 15.41% 11.89% 10.35% 10.59% 11.26% 12.27%
FCF Conversion (EBITDA) 68.98% 62.29% 62.92% 57.74% - 57.85% 59.38% 64.78%
FCF Conversion (Net income) 184.55% 240.04% 148.75% 191.05% 163.73% 138.79% 121.04% 121.05%
Dividend per Share 2 3.000 3.400 4.080 - - 4.623 4.830 5.055
Announcement Date 20-02-04 21-01-29 22-01-31 23-01-26 24-01-25 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 4,350 4,103 4,135 4,246 4,578 4,471 4,693 4,915 5,340 5,211 5,307 5,237 5,444 5,398 5,519
EBITDA 1 1,080 857 879 883 895 818 847 959 - 891 972.3 979.1 1,025 1,022 1,062
EBIT 1 836 625 688 801 670 638 694 735 807 788 789 790.1 834.6 836.1 -
Operating Margin 19.22% 15.23% 16.64% 18.86% 14.64% 14.27% 14.79% 14.95% 15.11% 15.12% 14.87% 15.09% 15.33% 15.49% -
Earnings before Tax (EBT) 1 588 536 525 -321 533 373 372 400 76 290 495.4 503.5 572.6 555.8 602.9
Net income 1 484 475 471 -300 416 337 349 383 158 283 418.5 425.4 479.9 467.7 511
Net margin 11.13% 11.58% 11.39% -7.07% 9.09% 7.54% 7.44% 7.79% 2.96% 5.43% 7.89% 8.12% 8.82% 8.67% 9.26%
EPS 2 2.460 2.440 2.420 -1.560 2.170 1.760 1.830 2.020 0.8300 1.480 2.162 2.226 2.489 2.439 2.664
Dividend per Share 2 1.020 1.120 1.120 1.120 - 1.140 1.140 1.140 - - 1.154 1.154 1.154 1.203 1.209
Announcement Date 22-01-31 22-04-28 22-07-28 22-10-27 23-01-26 23-04-27 23-07-26 23-10-26 24-01-25 24-04-25 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 6,130 5,642 6,120 6,165 12,565 11,302 10,644 10,124
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.719 x 1.308 x 1.402 x 1.754 x - 2.912 x 2.539 x 2.308 x
Free Cash Flow 1 2,460 2,686 2,746 2,029 2,009 2,245 2,489 2,842
ROE (net income / shareholders' equity) 13.1% 11.5% 13.1% 13.2% 12.6% 13% 13.9% 14.8%
ROA (Net income/ Total Assets) 5.5% 2.97% 5.15% 3.11% 3.26% 3.79% 5.45% 6.06%
Assets 1 24,227 37,648 35,845 34,116 37,606 42,732 37,712 38,733
Book Value Per Share 2 137.0 99.50 99.30 - - 102.0 105.0 109.0
Cash Flow per Share 2 9.790 12.90 13.20 11.20 11.00 13.00 15.30 17.80
Capex 1 267 368 342 238 393 421 427 439
Capex / Sales 1.48% 2.02% 1.92% 1.39% 2.02% 1.98% 1.93% 1.9%
Announcement Date 20-02-04 21-01-29 22-01-31 23-01-26 24-01-25 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
24
Last Close Price
240.4 USD
Average target price
250.2 USD
Spread / Average Target
+4.09%
Consensus
  1. Stock Market
  2. Equities
  3. LHX Stock
  4. 0J3A Stock
  5. Financials Harris Corporation