Despite the Risk, Raytheon Technologies Is Worth Buying
The latest results from Raytheon Technologies (NYSE: RTX) highlighted the investment proposition that every investor in the aerospace industry needs to focus on right now. Many stocks in the industry, including Raytheon, look like good values, but the risks around their end markets remain significant. Let's take a look at what you need to know before buying the stock.
The case for buying Raytheon is relatively simple, and is based on the following points:
To put these figures into context, FCF of $7 billion in 2023 would mean Raytheon currently trades at just 14 times 2023 FCF. That would be a very good valuation for a business that would, hopefully, be on a positive long-term growth trend thereafter.
Source Fool.com
