Company Valuation: RTX Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 129,019 148,530 120,714 154,025 245,898 268,538 - -
Change - 15.12% -18.73% 27.6% 59.65% 9.21% - -
Enterprise Value (EV) 1 152,648 174,224 157,954 189,708 276,367 295,311 292,985 289,974
Change - 14.13% -9.34% 20.1% 45.68% 6.85% -0.79% -1.03%
P/E ratio 33.6x 28.8x 37.7x 32.6x 37x 35.5x 31x 27.8x
PBR 1.76x 2.04x 1.87x 2.56x - 3.89x 3.75x 3.61x
PEG - 0.8x -1x 0.6x 0.9x 2.6x 2.2x 2.4x
Capitalization / Revenue 2x 2.21x 1.75x 1.91x 2.78x 2.87x 2.7x 2.54x
EV / Revenue 2.37x 2.6x 2.29x 2.35x 3.12x 3.16x 2.94x 2.75x
EV / EBITDA 12.9x 14.6x 12.1x 13x 17.5x 18.9x 17.3x 15.9x
EV / EBIT 21x 22.3x 17.8x 18.6x 24.3x 24.1x 21.6x 19.6x
EV / FCF 30.5x 35.7x 28.9x 41.8x 34.8x 34.5x 29.7x 26.1x
FCF Yield 3.28% 2.8% 3.46% 2.39% 2.87% 2.9% 3.37% 3.83%
Dividend per Share 2 2.005 2.16 2.32 2.48 - 2.926 3.108 3.361
Rate of return 2.33% 2.14% 2.76% 2.14% - 1.46% 1.55% 1.68%
EPS 2 2.56 3.5 2.23 3.55 4.96 5.635 6.443 7.189
Distribution rate 78.3% 61.7% 104% 69.9% - 51.9% 48.2% 46.7%
Net sales 1 64,388 67,074 68,920 80,738 88,603 93,423 99,632 105,624
EBITDA 1 11,820 11,931 13,106 14,547 15,767 15,593 16,904 18,265
EBIT 1 7,263 7,823 8,895 10,183 11,389 12,253 13,577 14,804
Net income 1 3,864 5,197 3,195 4,774 6,732 7,654 8,784 9,768
Net Debt 1 23,629 25,694 37,240 35,683 30,469 26,773 24,447 21,436
Reference price 2 86.06 100.92 84.14 115.72 183.40 200.06 200.06 200.06
Nbr of stocks (in thousands) 1,499,176 1,471,758 1,434,680 1,331,016 1,340,772 1,342,288 - -
Announcement Date 25/01/22 24/01/23 23/01/24 28/01/25 27/01/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
35.51x3.16x18.94x1.46% 269B
39.62x7.05x29x0.56% 331B
21.12x5.3x25.14x0.74% 145B
25.22x2.48x17.59x1.39% 99.71B
21.37x1.79x14.8x1.84% 93.86B
71.54x7.28x31.29x0.67% 87.61B
28.24x2.12x15.34x1.81% 79.79B
30x3.1x16.82x1.45% 64.53B
42.73x2.39x15.33x0.35% 39.4B
59.87x4.4x32.55x0.42% 38.42B
Average 37.52x 3.91x 21.68x 1.07% 124.74B
Weighted average by Cap. 35.80x 4.52x 22.74x 1.06%

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

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