The Discounted Cash Flow (DCF) valuation of L3harris Technologies Inc (LHX) is 251.27 USD. With the latest stock price at 259.05 USD, the upside of L3harris Technologies Inc based on DCF is -3%.

Is LHX a buy or a sell?

Based on the latest price of 259.05 USD and our DCF valuation, L3harris Technologies Inc (LHX) is a sell. Selling LHX stocks now will result in a potential gain of 3%.

	Range	Selected
WACC / Discount Rate	7.5% - 9.5%	8.5%
Long-term Growth Rate	2.0% - 4.0%	3.0%
Fair Price	172.35 - 422.44	251.27
Upside	-33.5% - 63.1%	-3.0%

259.05 USD

Stock Price

251.27 USD

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

LHX DCF Valuation: Revenue & Expenses Forecast

(USD in millions)		Projections

	01-2025	01-2026	01-2027	01-2028	01-2029	01-2030

Revenue	21,325	22,425	25,070	27,311	29,081	31,354
% Growth	10%	5%	12%	9%	6%	8%

Cost of goods sold	(15,801)	(16,284)	(17,840)	(19,046)	(19,875)	(21,000)
% of Revenue	74%	73%	71%	70%	68%	67%

Selling, G&A expenses	(1,886)	(1,983)	(2,217)	(2,415)	(2,572)	(2,773)
% of Revenue	9%	9%	9%	9%	9%	9%

Research & Development	(515)	(542)	(605)	(660)	(702)	(757)
% of Revenue	2%	2%	2%	2%	2%	2%

Net interest & other expenses	(1,526)	(1,605)	(1,794)	(1,954)	(2,081)	(2,244)
% of Revenue	7%	7%	7%	7%	7%	7%

Tax expense	(85)	(335)	(435)	(539)	(641)	(763)
Tax rate	5%	17%	17%	17%	17%	17%

Net profit	1,512	1,677	2,178	2,697	3,209	3,817
% Margin	7%	7%	9%	10%	11%	12%