Company Valuation: RTX Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,29,019 1,48,530 1,20,714 1,54,025 2,45,898 3,00,510 - -
Change - 15.12% -18.73% 27.6% 59.65% 22.21% - -
Enterprise Value (EV) 1 1,52,648 1,74,224 1,57,954 1,89,708 2,76,367 3,27,645 3,24,507 3,21,020
Change - 14.13% -9.34% 20.1% 45.68% 18.55% -0.96% -1.07%
P/E 33.6x 28.8x 37.7x 32.6x 37x 36.8x 33x 29.2x
PBR 1.76x 2.04x 1.87x 2.56x 3.77x 4.39x 4.22x 4.03x
PEG - 0.8x -1x 0.6x 0.9x 1.7x 2.8x 2.3x
Capitalization / Revenue 2x 2.21x 1.75x 1.91x 2.78x 3.12x 2.91x 2.72x
EV / Revenue 2.37x 2.6x 2.29x 2.35x 3.12x 3.4x 3.15x 2.91x
EV / EBITDA 12.9x 14.6x 12.1x 13x 17.5x 20x 18.4x 17.1x
EV / EBIT 21x 22.3x 17.8x 18.6x 24.3x 25.5x 23.1x 20.8x
EV / FCF 30.5x 35.7x 28.9x 41.8x 34.8x 37.9x 31x 27.1x
FCF Yield 3.28% 2.8% 3.46% 2.39% 2.87% 2.64% 3.23% 3.69%
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% 1.28% 1.38% 1.49%
EPS 2 2.56 3.5 2.23 3.55 4.96 6.053 6.757 7.631
Distribution rate 78.3% 61.7% 104% 69.9% 53.8% 47.2% 45.4% 43.4%
Net sales 1 64,388 67,074 68,920 80,738 88,603 96,234 1,03,136 1,10,317
EBITDA 1 11,820 11,931 13,106 14,547 15,767 16,346 17,635 18,769
EBIT 1 7,263 7,823 8,895 10,183 11,389 12,830 14,032 15,440
Net income 1 3,864 5,197 3,195 4,774 6,732 8,287 9,273 10,454
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 84.14 115.72 183.40 222.97 222.97 222.97
Nbr of stocks (in thousands) 14,99,176 14,71,758 14,34,680 13,31,016 13,40,772 13,47,758 - -
Announcement Date 25/01/22 24/01/23 23/01/24 28/01/25 27/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
43.3x7.77x32.29x0.49% 38TCr
36.84x3.4x20.04x1.28% 30TCr
36.09x5.32x22.56x0.91% 17TCr
19.98x1.91x13.72x2.3% 14TCr
23.28x1.96x16.09x1.59% 11TCr
29.04x2.06x14.51x1.76% 8.66TCr
20.19x2.09x14.86x1.66% 8.32TCr
35.01x3.88x17.18x1.18% 6.49TCr
Average 30.47x 3.55x 18.91x 1.4% 16.73TCr
Weighted average by Cap. 34.11x 4.48x 22.07x 1.19%

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