Discounted Cash Flow

L3harris Technologies, Inc. /De/

LHX · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $7.5b $324.0m $772.0m 4.3% $2.61
2017 $5.9b (-21.0%) $553.0m (70.7%) $450.0m (-41.7%) 9.4% (116.0%) $4.50 (72.4%)
2018 $6.2b (4.8%) $718.0m (29.8%) $615.0m (36.7%) 11.6% (23.9%) $6.04 (34.2%)
2019 $6.8b (10.0%) $949.0m (32.2%) $1.0b (66.5%) 14.0% (20.1%) $8.03 (32.9%)
2021 $17.8b (161.9%) $1.8b (94.5%) $2.4b (139.1%) 10.4% (-25.7%) $9.17 (14.2%)
2022 $17.1b (-4.2%) $1.1b (-42.5%) $1.9b (-22.1%) 6.2% (-39.9%) $5.54 (-39.6%)
2023 $19.4b (13.8%) $1.2b (15.5%) $1.6b (-13.6%) 6.3% (1.5%) $6.47 (16.8%)
2024 $21.3b (9.8%) $1.5b (22.4%) $2.2b (30.6%) 7.0% (11.5%) $7.91 (22.3%)
2025 $21.9b (2.5%) $1.6b (6.9%) $2.7b (24.7%) 7.3% (4.3%) $8.57 (8.3%)
2026 $21.9b (0.0%) $1.6b (0.0%) $2.7b (0.0%) 7.3% (0.0%) $8.57 (0.0%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model