TGM's two-stage DCF values L3Harris Technologies, Inc. (LHX) between $105.69 and $233.12 depending on assumptions, with a base case of $151.16. Growth is taken from the company's own record (blend of 5-year revenue and FCF growth), fading to 2.5% long-run; the discount rate (7.9%) reflects its beta.
What would today's price require?
$297.03 is justified only if free cash flow grows about +15.3% a year (fading to 2.5% long-run) at a 7.9% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 0.5%/yr | 8.9% | $105.69 |
| Base case | 2.4%/yr | 7.9% | $151.16 |
| Optimistic | 5.4%/yr | 6.9% | $233.12 |
| Third-party model estimate (FMP) | independent reference · retrieved Jul 29, 2026 · assumptions not provided | $294.73 | |
The FMP figure is a third-party point estimate. Its cash-flow forecast, discount rate, terminal growth, and valuation date are not included in the stored response, so TGMCharts presents it only as a reference—not as an intrinsic-value conclusion or price target.
Current Price
$297.03
Market-Implied Growth
+15.3%/yr
vs +0.5% 5Y actual
Model Scenario Range
$105.69 – $233.12
model output — not a price target
Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for LHX (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.
Base inputs: FCF $2.0B · 0.19B shares · net debt $10.2B
Estimated Fair Value
$151.16
-49.1% vs $297.03
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 2.4%/yr FCF growth and 10-year horizon fixed. Green = above today's $297.03; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.9% | $207 | $235 | $272 | $322 | $392 |
| 6.9% | $158 | $176 | $198 | $225 | $261 |
| 7.9% | $125 | $137 | $151 | $168 | $190 |
| 8.9% | $100 | $109 | $119 | $131 | $145 |
| 9.9% | $81.80 | $88.25 | $95.57 | $104 | $114 |
