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RTX Corp RTX

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RTX Is Well Positioned to Benefit From a Long Runway of Aircraft Demand

Nicolas Owens

RTX's businesses include Collins' aerospace componentry and subassemblies, Pratt & Whitney's engines, and Raytheon's missiles, sensors, and communications offerings. The combined entity unites strong franchises in the commercial aerospace and defense contracting industries and is unique in its relatively even split between commercial and defense revenue; most other firms in the industry are heavily skewed one way or the other.

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Price vs Fair Value

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RTX is trading at a 283% premium.
Price
$120.32
Fair Value
$878.00
Uncertainty
Medium
1-Star Price
$581.86
5-Star Price
$21.50
Economic Moat
Dmz
Capital Allocation
Tvgwzlzlyw

Bulls Say, Bears Say

Bulls

Pratt & Whitney’s placement on the A320 family and A220 aircraft should substantially increase the company’s installed base of engines in coming years, unlocking decades of high-margin servicing revenue.

Bears

One of the driving factors behind the breakup of United Technologies was to create more-focused businesses. While the combined RTX is more focused on aerospace and defense, it is still large and difficult to manage.

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Trading Information

Previous Close Price
—
Day Range
—–—
52-Week Range
—–—
Bid/Ask
— / —
Market Cap
—
Volume/Avg
— / —

Key Statistics

Price/Earnings (Normalized)
22.74
Price/Sales
2.28
Dividend Yield (Trailing)
2.03%
Dividend Yield (Forward)
2.09%
Total Yield
9.41%

Company Profile

RTX is an aerospace and defense manufacturer formed from the merger of United Technologies and Raytheon, with roughly equal exposure as a supplier to commercial aerospace and to the defense market. The company operates in three segments: Collins Aerospace, a diversified aerospace supplier; Pratt & Whitney, a commercial and military aircraft engine manufacturer; and Raytheon, a defense prime contractor providing a mix of missiles, missile defense systems, sensors, hardware, and communications technology to the military.
Sector
Industrials
Industry
Aerospace & Defense
Stock Style Box
Large Value
Total Number of Employees
185,000
Website
https://www.rtx.com

Competitors

Valuation

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Metric
RTX
GE
BA
Price/Earnings (Normalized)
 22.7447.70—
Price/Book Value
 2.7110.76—
Price/Sales
 2.283.711.28
Price/Cash Flow
 28.1035.29191.66
Price/Earnings
RTX
GE
BA

Financial Strength

Metric
RTX
GE
BA
Quick Ratio
 0.600.810.26
Current Ratio
 0.991.141.18
Interest Coverage
 2.405.50−0.23
Quick Ratio
RTX
GE
BA

Profitability

Metric
RTX
GE
BA
Return on Assets (Normalized)
 4.49%2.95%−2.20%
Return on Equity (Normalized)
 11.30%16.76%—
Return on Invested Capital (Normalized)
 8.26%9.68%−3.04%
Return on Assets
RTX
GE
BA

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