Company Valuation: RTX Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 129,019 148,530 120,714 154,025 245,898 257,408 - -
Change - 15.12% -18.73% 27.6% 59.65% 4.68% - -
Enterprise Value (EV) 1 152,648 174,224 157,954 189,708 276,367 284,544 281,405 277,918
Change - 14.13% -9.34% 20.1% 45.68% 2.96% -1.1% -1.24%
P/E 33.6x 28.8x 37.7x 32.6x 37x 31.7x 28.2x 25x
PBR 1.76x 2.04x 1.87x 2.56x 3.77x 3.76x 3.61x 3.45x
PEG - 0.8x -1x 0.6x 0.9x 1.5x 2.3x 1.9x
Capitalization / Revenue 2x 2.21x 1.75x 1.91x 2.78x 2.68x 2.49x 2.33x
EV / Revenue 2.37x 2.6x 2.29x 2.35x 3.12x 2.96x 2.73x 2.52x
EV / EBITDA 12.9x 14.6x 12.1x 13x 17.5x 17.6x 16x 14.8x
EV / EBIT 21x 22.3x 17.8x 18.6x 24.3x 22.2x 20.1x 18x
EV / FCF 30.5x 35.7x 28.9x 41.8x 34.8x 32.9x 26.7x 23.7x
FCF Yield 3.28% 2.8% 3.46% 2.39% 2.87% 3.04% 3.74% 4.23%
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% 1.5% 1.61% 1.74%
EPS 2 2.56 3.5 2.23 3.55 4.96 6.029 6.761 7.638
Distribution rate 78.3% 61.7% 104% 69.9% 53.8% 47.4% 45.4% 43.4%
Net sales 1 64,388 67,074 68,920 80,738 88,603 96,147 103,179 110,374
EBITDA 1 11,820 11,931 13,106 14,547 15,767 16,205 17,642 18,778
EBIT 1 7,263 7,823 8,895 10,183 11,389 12,832 14,033 15,440
Net income 1 3,864 5,197 3,195 4,774 6,732 8,287 9,279 10,463
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 84.14 115.72 183.40 190.99 190.99 190.99
Nbr of stocks (in thousands) 1,499,176 1,471,758 1,434,680 1,331,016 1,340,772 1,347,758 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
37.38x6.75x28.1x0.56% 331B
32.23x3.01x17.84x1.47% 257B
35.24x5.18x21.82x0.96% 164B
17.57x1.7x12.22x2.62% 121B
20.83x1.76x14.44x1.78% 92.77B
26.75x1.89x13.22x1.94% 75.21B
18.15x1.9x13.5x1.84% 72.43B
29.61x3.25x14.28x1.39% 52.94B
Average 27.22x 3.18x 16.93x 1.57% 145.82B
Weighted average by Cap. 30.35x 4.01x 19.73x 1.33%

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

-40%: Exceptional extension
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