L3Harris (LHX) Stock May Be 33% Undervalued As Record Backlog Grows

What happened: A Simply Wall St analysis of L3Harris ($LHX) uses a Discounted Cash Flow model to argue the stock may be undervalued, citing a record backlog and raised full year guidance after Q3 results. Key numbers: Share price US$276.59; 56.3% gain over three years; P/E 25.6x; twelve month free cash flow around $3.7b; bull case 8% undervalued; bear case 15% Why it matters: The DCF view suggests the market applies a discount to expected cash flows despite operational progress, while bull and bear Narratives reach opposite conclusions about what the share price already reflects. Market: -1.5% today ($272.33), -9.9% YTD, 0.2x vol — as of 18:32 UTC

A Simply Wall St analysis of L3Harris ($LHX) uses a Discounted Cash Flow model to argue the stock may be undervalued, citing a record backlog and raised full year guidance after Q3 results.

The DCF view suggests the market applies a discount to expected cash flows despite operational progress, while bull and bear Narratives reach opposite conclusions about what the share price already reflects. Market: -1.5% today ($272.33), -9.9% YTD, 0.2x vol — as of 18:32 UTC