Company Valuation: RTX Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 129,019 148,530 120,714 154,025 245,898 285,711 - -
Change - 15.12% -18.73% 27.6% 59.65% 16.19% - -
Enterprise Value (EV) 1 152,648 174,224 157,954 189,708 276,367 312,847 309,708 306,221
Change - 14.13% -9.34% 20.1% 45.68% 13.2% -1% -1.13%
P/E 33.6x 28.8x 37.7x 32.6x 37x 35.2x 31.4x 27.8x
PBR 1.76x 2.04x 1.87x 2.56x 3.77x 4.18x 4.01x 3.83x
PEG - 0.8x -1x 0.6x 0.9x 1.6x 2.6x 2.1x
Capitalization / Revenue 2x 2.21x 1.75x 1.91x 2.78x 2.97x 2.77x 2.59x
EV / Revenue 2.37x 2.6x 2.29x 2.35x 3.12x 3.25x 3x 2.77x
EV / EBITDA 12.9x 14.6x 12.1x 13x 17.5x 19.3x 17.6x 16.3x
EV / EBIT 21x 22.3x 17.8x 18.6x 24.3x 24.4x 22.1x 19.8x
EV / FCF 30.5x 35.7x 28.9x 41.8x 34.8x 36.2x 29.6x 25.9x
FCF Yield 3.28% 2.8% 3.46% 2.39% 2.87% 2.76% 3.38% 3.86%
Dividend per Share 2 2.005 2.16 2.32 2.48 2.67 2.858 3.07 3.314
Rate of return 2.33% 2.14% 2.76% 2.14% 1.46% 1.35% 1.45% 1.56%
EPS 2 2.56 3.5 2.23 3.55 4.96 6.029 6.761 7.638
Distribution rate 78.3% 61.7% 104% 69.9% 53.8% 47.4% 45.4% 43.4%
Net sales 1 64,388 67,074 68,920 80,738 88,603 96,145 103,175 110,367
EBITDA 1 11,820 11,931 13,106 14,547 15,767 16,205 17,642 18,778
EBIT 1 7,263 7,823 8,895 10,183 11,389 12,830 14,032 15,440
Net income 1 3,864 5,197 3,195 4,774 6,732 8,287 9,279 10,463
Net Debt 1 23,629 25,694 37,240 35,683 30,469 27,135 23,997 20,510
Reference price 2 86.06 100.92 84.14 115.72 183.40 211.99 211.99 211.99
Nbr of stocks (in thousands) 1,499,176 1,471,758 1,434,680 1,331,016 1,340,772 1,347,758 - -
Announcement Date 1/25/22 1/24/23 1/23/24 1/28/25 1/27/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
41.66x7.48x31.1x0.51% 368B
35.16x3.25x19.31x1.35% 286B
36.14x5.32x22.39x0.94% 174B
18.57x1.79x12.84x2.48% 131B
22.47x1.9x15.54x1.65% 103B
26.85x1.92x13.49x1.9% 80.36B
18.95x1.97x14.02x1.77% 78.13B
33.15x3.67x16.11x1.24% 61.92B
Average 29.12x 3.41x 18.10x 1.48% 160.2B
Weighted average by Cap. 32.84x 4.35x 21.30x 1.25%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield