What is L3HARRIS Technologies, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on L3HARRIS Technologies, Inc.'s reported free cash flow gives $387.02 per share. The share price was $237.69 on September 25, 2026, 39% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 8.5% | 10.0% | $223.90 | -6% |
| Base | 13.5% | 9.0% | $387.02 | +63% |
| Bull | 18.5% | 8.0% | $711.97 | +200% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $512.49 | $551.45 | $599.07 | $658.60 | $735.14 |
| 8.0% | $418.36 | $443.62 | $473.49 | $509.32 | $553.12 |
| 9.0% | $349.81 | $367.09 | $387.02 | $410.28 | $437.76 |
| 10.0% | $297.79 | $310.08 | $324.00 | $339.91 | $358.27 |
| 11.0% | $257.05 | $266.06 | $276.12 | $287.45 | $300.28 |
Where the presets come from
Base: years 1 to 5 grow at L3HARRIS Technologies, Inc.'s revenue growth rate over the last 4 fiscal years (13.5% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions