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Harris Corporation
HRS : NYSE : Technology
$81.10 | %
Today's Range: 80.68 - 82.12
Avg. Daily Volume: 1,242,500
04/24/15 - 4:03 PM ET

Financial Analysis


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Income Statement Q3 FY15 Q3 FY14
Net Sales ($mil)0.01267.5
EBITDA ($mil)0.0255.8
EBIT ($mil)0.0223.3
Net Income ($mil)125.7141.4


Balance Sheet Q3 FY15 Q3 FY14
Cash & Equiv. ($mil)0.0349.6
Total Assets ($mil)0.04958.6
Total Debt ($mil)0.01658.5
Equity ($mil)0.01795.4


Profitability Q3 FY15 Q3 FY14
Gross Profit Margin0.036.21
EBITDA Margin0.020.18
Operating Margin0.017.62
Sales Turnover0.01.02
Return on Assets0.09.25
Return on Equity0.026.32
Debt Q3 FY15 Q3 FY14
Current Ratio0.01.75
Debt/Capital0.00.48
Interest Expense0.023.2
Interest Coverage0.09.63


Share Data Q3 FY15 Q3 FY14
Shares outstanding (mil)104.08106.47
Div / share0.470.42
EPS1.21.27
Book value / share0.016.86
Institutional Own % n/a n/a
Avg Daily Volume1214856.0616918.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 21.84 for the Communications Equipment industry and a discount compared to the S&P 500 average of 20.50.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
HRS 16.45 Peers 21.84   HRS 10.81 Peers 17.33

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

HRS is trading at a discount to its peers.

 

Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

HRS is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
HRS 16.16 Peers 21.33   HRS 54.83 Peers 2.04

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

HRS is trading at a discount to its peers.

 

Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

HRS trades at a significant premium to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
HRS NA Peers 3.60   HRS 13.95 Peers 150.80

Neutral. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

Ratio not available.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, HRS is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
HRS NA Peers 3.39   HRS -26.80 Peers 2.58

Neutral. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

Ratio not available.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

HRS significantly trails its peers on the basis of sales growth

 

 

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