L3harris Technologies Stock Beta

LHX Stock

USD 212.06 0.11 0.05%

L3Harris Technologies fundamentals help investors to digest information that contributes to L3Harris Technologies' financial success or failures. It also enables traders to predict the movement of L3Harris Stock. The fundamental analysis module provides a way to measure L3Harris Technologies' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to L3Harris Technologies stock.

Short Long Term Debt Total Total Assets

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L3Harris Technologies Company Beta Analysis

L3Harris Technologies' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current L3Harris Technologies Beta

0.73

Most of L3Harris Technologies' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, L3Harris Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

L3Harris Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for L3Harris Technologies is extremely important. It helps to project a fair market value of L3Harris Stock properly, considering its historical fundamentals such as Beta. Since L3Harris Technologies' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of L3Harris Technologies' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of L3Harris Technologies' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock	Good Will	Current Deferred Revenue	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Property Plant Equipment	Long Term Debt	Short Long Term Debt	Net Invested Capital	Cash And Equivalents	Net Working Capital	Capital Stock
Total Assets		0.98	0.93	0.93	0.94	0.97	0.99	0.73	1.0	0.97	0.83	1.0	0.97	-0.75	0.88	0.89	0.13	0.89	0.74	0.74	0.83	0.79	0.31	0.86
Total Stockholder Equity	0.98		0.83	0.89	0.91	0.9	0.95	0.59	0.98	0.92	0.86	0.99	0.93	-0.7	0.81	0.86	0.2	0.83	0.63	0.62	0.8	0.8	0.43	0.84
Net Debt	0.93	0.83		0.93	0.89	0.98	0.94	0.91	0.91	0.94	0.65	0.9	0.96	-0.69	0.87	0.83	-0.06	0.89	0.87	0.91	0.79	0.65	0.01	0.8
Retained Earnings	0.93	0.89	0.93		0.87	0.94	0.96	0.8	0.91	0.98	0.74	0.92	0.96	-0.66	0.88	0.9	-0.01	0.95	0.83	0.79	0.86	0.74	0.22	0.89
Net Receivables	0.94	0.91	0.89	0.87		0.92	0.92	0.68	0.95	0.88	0.74	0.93	0.92	-0.63	0.79	0.82	0.18	0.81	0.76	0.69	0.78	0.72	0.3	0.81
Total Liab	0.97	0.9	0.98	0.94	0.92		0.98	0.84	0.96	0.96	0.75	0.96	0.98	-0.76	0.91	0.87	0.04	0.91	0.82	0.84	0.82	0.73	0.16	0.85
Total Current Assets	0.99	0.95	0.94	0.96	0.92	0.98		0.77	0.98	0.98	0.79	0.98	0.99	-0.7	0.89	0.91	0.1	0.92	0.81	0.78	0.86	0.79	0.26	0.89
Short Term Debt	0.73	0.59	0.91	0.8	0.68	0.84	0.77		0.7	0.8	0.39	0.68	0.83	-0.46	0.69	0.65	-0.23	0.75	0.87	0.99	0.65	0.44	-0.3	0.64
Intangible Assets	1.0	0.98	0.91	0.91	0.95	0.96	0.98	0.7		0.95	0.82	0.99	0.96	-0.71	0.84	0.87	0.16	0.86	0.73	0.72	0.82	0.78	0.32	0.85
Accounts Payable	0.97	0.92	0.94	0.98	0.88	0.96	0.98	0.8	0.95		0.75	0.96	0.99	-0.73	0.92	0.93	0.01	0.97	0.83	0.8	0.88	0.78	0.25	0.91
Common Stock	0.83	0.86	0.65	0.74	0.74	0.75	0.79	0.39	0.82	0.75		0.85	0.74	-0.7	0.69	0.69	0.22	0.66	0.38	0.41	0.73	0.74	0.48	0.7
Good Will	1.0	0.99	0.9	0.92	0.93	0.96	0.98	0.68	0.99	0.96	0.85		0.96	-0.77	0.87	0.88	0.14	0.88	0.69	0.7	0.82	0.78	0.36	0.86
Current Deferred Revenue	0.97	0.93	0.96	0.96	0.92	0.98	0.99	0.83	0.96	0.99	0.74	0.96		-0.68	0.88	0.9	0.02	0.93	0.85	0.83	0.86	0.76	0.18	0.88
Net Tangible Assets	-0.75	-0.7	-0.69	-0.66	-0.63	-0.76	-0.7	-0.46	-0.71	-0.73	-0.7	-0.77	-0.68		-0.88	-0.76	-0.19	-0.75	-0.44	-0.44	-0.7	-0.67	-0.46	-0.71
Long Term Debt Total	0.88	0.81	0.87	0.88	0.79	0.91	0.89	0.69	0.84	0.92	0.69	0.87	0.88	-0.88		0.94	0.15	0.95	0.77	0.65	0.87	0.8	0.38	0.91
Capital Surpluse	0.89	0.86	0.83	0.9	0.82	0.87	0.91	0.65	0.87	0.93	0.69	0.88	0.9	-0.76	0.94		0.29	0.96	0.81	0.62	0.95	0.92	0.5	0.99
Deferred Long Term Liab	0.13	0.2	-0.06	-0.01	0.18	0.04	0.1	-0.23	0.16	0.01	0.22	0.14	0.02	-0.19	0.15	0.29		0.04	0.0	-0.28	0.24	0.5	0.72	0.31
Property Plant Equipment	0.89	0.83	0.89	0.95	0.81	0.91	0.92	0.75	0.86	0.97	0.66	0.88	0.93	-0.75	0.95	0.96	0.04		0.86	0.72	0.92	0.81	0.31	0.95
Long Term Debt	0.74	0.63	0.87	0.83	0.76	0.82	0.81	0.87	0.73	0.83	0.38	0.69	0.85	-0.44	0.77	0.81	0.0	0.86		0.83	0.79	0.66	-0.02	0.81
Short Long Term Debt	0.74	0.62	0.91	0.79	0.69	0.84	0.78	0.99	0.72	0.8	0.41	0.7	0.83	-0.44	0.65	0.62	-0.28	0.72	0.83		0.61	0.41	-0.34	0.6
Net Invested Capital	0.83	0.8	0.79	0.86	0.78	0.82	0.86	0.65	0.82	0.88	0.73	0.82	0.86	-0.7	0.87	0.95	0.24	0.92	0.79	0.61		0.93	0.43	0.97
Cash And Equivalents	0.79	0.8	0.65	0.74	0.72	0.73	0.79	0.44	0.78	0.78	0.74	0.78	0.76	-0.67	0.8	0.92	0.5	0.81	0.66	0.41	0.93		0.63	0.94
Net Working Capital	0.31	0.43	0.01	0.22	0.3	0.16	0.26	-0.3	0.32	0.25	0.48	0.36	0.18	-0.46	0.38	0.5	0.72	0.31	-0.02	-0.34	0.43	0.63		0.5
Capital Stock	0.86	0.84	0.8	0.89	0.81	0.85	0.89	0.64	0.85	0.91	0.7	0.86	0.88	-0.71	0.91	0.99	0.31	0.95	0.81	0.6	0.97	0.94	0.5

Click cells to compare fundamentals

In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict L3Harris Technologies

In accordance with the recently published financial statements, L3Harris Technologies has a Beta of 0.726. This is 47.01% lower than that of the Aerospace & Defense sector and 21.94% lower than that of the Industrials industry. The beta for all United States stocks is notably lower than that of the firm.

L3Harris Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses L3Harris Technologies' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of L3Harris Technologies could also be used in its relative valuation, which is a method of valuing L3Harris Technologies by comparing valuation metrics of similar companies.

L3Harris Technologies is currently under evaluation in beta category among its peers.

L3Harris Technologies ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, L3Harris Technologies' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to L3Harris Technologies' managers, analysts, and investors.

Environmental

Governance

Social

L3Harris Technologies Institutional Holders

Institutional Holdings refers to the ownership stake in L3Harris Technologies that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of L3Harris Technologies' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing L3Harris Technologies' value.

		Shares
Clearbridge Advisors, Llc	2024-09-30	2.1 M
Allspring Global Investments Holdings, Llc	2024-09-30	2 M
Fmr Inc	2024-09-30	2 M
Bank Of America Corp	2024-09-30	1.7 M
Amvescap Plc.	2024-09-30	1.7 M
Hhg Plc	2024-09-30	1.7 M
Massachusetts Financial Services Company	2024-09-30	1.5 M
Northern Trust Corp	2024-09-30	1.5 M
Diamond Hill Capital Management Inc	2024-09-30	1.5 M
Vanguard Group Inc	2024-09-30	22.9 M
Blackrock Inc	2024-09-30	17.2 M

As returns on the market increase, L3Harris Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding L3Harris Technologies is expected to be smaller as well.

L3Harris Fundamentals

	Return On Equity	0.0626
	Return On Asset	0.0355
	Profit Margin	0.06 %
	Operating Margin	0.1 %
	Current Valuation	52.57 B
	Shares Outstanding	189.67 M
	Shares Owned By Insiders	0.30 %
	Shares Owned By Institutions	85.90 %
	Number Of Shares Shorted	1.93 M
	Price To Earning	39.56 X
	Price To Book	2.12 X
	Price To Sales	1.90 X
	Revenue	19.42 B
	Gross Profit	5.58 B
	EBITDA	2.93 B
	Net Income	1.23 B
	Cash And Equivalents	941 M
	Cash Per Share	2.78 X
	Total Debt	13.95 B
	Debt To Equity	0.42 %
	Current Ratio	1.10 X
	Book Value Per Share	100.23 X
	Cash Flow From Operations	2.1 B
	Short Ratio	1.70 X
	Earnings Per Share	6.34 X
	Price To Earnings To Growth	0.81 X
	Target Price	267.01
	Number Of Employees	50 K
	Beta	0.73
	Market Capitalization	40.2 B
	Total Asset	41.69 B
	Retained Earnings	3.22 B
	Working Capital	51 M
	Current Asset	2.33 B
	Current Liabilities	1.46 B
	Annual Yield	0.02 %
	Five Year Return	1.65 %
	Net Asset	41.69 B
	Last Dividend Paid	4.62

About L3Harris Technologies Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze L3Harris Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of L3Harris Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of L3Harris Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for L3Harris Stock Analysis

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 the 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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