Company Valuation: RTX Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 129,019 148,530 120,714 154,025 245,898 261,465 - -
Change - 15.12% -18.73% 27.6% 59.65% 6.33% - -
Enterprise Value (EV) 1 152,648 174,224 157,954 189,708 276,367 288,600 285,462 281,975
Change - 14.13% -9.34% 20.1% 45.68% 4.43% -1.09% -1.22%
P/E 33.6x 28.8x 37.7x 32.6x 37x 32.2x 28.7x 25.4x
PBR 1.76x 2.04x 1.87x 2.56x 3.77x 3.82x 3.67x 3.5x
PEG - 0.8x -1x 0.6x 0.9x 1.5x 2.4x 2x
Capitalization / Revenue 2x 2.21x 1.75x 1.91x 2.78x 2.72x 2.53x 2.37x
EV / Revenue 2.37x 2.6x 2.29x 2.35x 3.12x 3x 2.77x 2.55x
EV / EBITDA 12.9x 14.6x 12.1x 13x 17.5x 17.8x 16.2x 15x
EV / EBIT 21x 22.3x 17.8x 18.6x 24.3x 22.5x 20.3x 18.3x
EV / FCF 30.5x 35.7x 28.9x 41.8x 34.8x 33.3x 27.1x 24x
FCF Yield 3.28% 2.8% 3.46% 2.39% 2.87% 3% 3.69% 4.17%
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% 1.47% 1.58% 1.71%
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 12,832 14,033 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 84.14 115.72 183.40 194.00 194.00 194.00
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.($)
36.82x6.65x27.7x0.57% 326B
32.18x3x17.81x1.47% 261B
33.96x4.99x21.01x1% 161B
17.5x1.69x12.18x2.63% 123B
20.78x1.76x14.41x1.79% 95.38B
26.42x1.87x13.07x1.96% 76.61B
18.17x1.9x13.52x1.84% 74.92B
29.65x3.25x14.29x1.39% 54.15B
Average 26.93x 3.14x 16.75x 1.58% 146.58B
Weighted average by Cap. 29.86x 3.92x 19.38x 1.36%

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

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