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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.20
HRS's Cash to Debt is ranked lower than
64% of the 636 Companies
in the Global Communication Equipment industry.

( Industry Median: 10.14 vs. HRS: 0.20 )
HRS' s 10-Year Cash to Debt Range
Min: 0.03   Max: 1.84
Current: 0.2

0.03
1.84
Equity to Asset 0.35
HRS's Equity to Asset is ranked lower than
60% of the 618 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.59 vs. HRS: 0.35 )
HRS' s 10-Year Equity to Asset Range
Min: 0.32   Max: 0.62
Current: 0.35

0.32
0.62
Interest Coverage 7.44
HRS's Interest Coverage is ranked lower than
53% of the 397 Companies
in the Global Communication Equipment industry.

( Industry Median: 123.29 vs. HRS: 7.44 )
HRS' s 10-Year Interest Coverage Range
Min: 1.15   Max: 13.38
Current: 7.44

1.15
13.38
F-Score: 8
Z-Score: 3.34
M-Score: -2.82
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 15.89
HRS's Operating margin (%) is ranked higher than
91% of the 622 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.31 vs. HRS: 15.89 )
HRS' s 10-Year Operating margin (%) Range
Min: 1.61   Max: 18.36
Current: 15.89

1.61
18.36
Net-margin (%) 2.21
HRS's Net-margin (%) is ranked higher than
62% of the 622 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.07 vs. HRS: 2.21 )
HRS' s 10-Year Net-margin (%) Range
Min: 0.56   Max: 11.32
Current: 2.21

0.56
11.32
ROE (%) 7.24
HRS's ROE (%) is ranked higher than
74% of the 613 Companies
in the Global Communication Equipment industry.

( Industry Median: 5.69 vs. HRS: 7.24 )
HRS' s 10-Year ROE (%) Range
Min: 1.31   Max: 25.65
Current: 7.24

1.31
25.65
ROA (%) 2.33
HRS's ROA (%) is ranked higher than
62% of the 627 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.19 vs. HRS: 2.33 )
HRS' s 10-Year ROA (%) Range
Min: 0.55   Max: 11.84
Current: 2.33

0.55
11.84
ROC (Joel Greenblatt) (%) 71.19
HRS's ROC (Joel Greenblatt) (%) is ranked higher than
93% of the 622 Companies
in the Global Communication Equipment industry.

( Industry Median: 11.39 vs. HRS: 71.19 )
HRS' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 4.37   Max: 80.21
Current: 71.19

4.37
80.21
Revenue Growth (%) 4.70
HRS's Revenue Growth (%) is ranked higher than
71% of the 508 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.10 vs. HRS: 4.70 )
HRS' s 10-Year Revenue Growth (%) Range
Min: -22.1   Max: 18.1
Current: 4.7

-22.1
18.1
EBITDA Growth (%) 2.50
HRS's EBITDA Growth (%) is ranked higher than
68% of the 355 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.60 vs. HRS: 2.50 )
HRS' s 10-Year EBITDA Growth (%) Range
Min: -33.2   Max: 45.8
Current: 2.5

-33.2
45.8
EPS Growth (%) -0.90
HRS's EPS Growth (%) is ranked higher than
68% of the 333 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.10 vs. HRS: -0.90 )
HRS' s 10-Year EPS Growth (%) Range
Min: -39.7   Max: 80.6
Current: -0.9

-39.7
80.6
» HRS's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2013

HRS Guru Trades in Q2 2013

Ray Dalio 4,204 sh (New)
Joel Greenblatt 211,764 sh (+31.48%)
Murray Stahl 23,433 sh (+1.83%)
John Hussman 3,700 sh (unchged)
Michael Price 325,000 sh (unchged)
Jean-Marie Eveillard 1,600 sh (unchged)
Brian Rogers 4,389,500 sh (-2.23%)
David Dreman 116,468 sh (-5.58%)
Jeremy Grantham 23,213 sh (-67.54%)
» More
Q3 2013

HRS Guru Trades in Q3 2013

Steven Cohen 12,006 sh (New)
Jim Simons 559,900 sh (New)
John Hussman 173,700 sh (+4594.59%)
Joel Greenblatt 280,019 sh (+32.23%)
Michael Price 325,000 sh (unchged)
Jean-Marie Eveillard 1,600 sh (unchged)
Ray Dalio Sold Out
Brian Rogers 4,289,500 sh (-2.28%)
Murray Stahl 22,433 sh (-4.27%)
Jeremy Grantham 12,874 sh (-44.54%)
David Dreman 46,056 sh (-60.46%)
» More
Q4 2013

HRS Guru Trades in Q4 2013

John Hussman 300,000 sh (+72.71%)
Michael Price 325,000 sh (unchged)
Jean-Marie Eveillard 1,600 sh (unchged)
Murray Stahl 22,033 sh (-1.78%)
Brian Rogers 4,089,500 sh (-4.66%)
Joel Greenblatt 243,993 sh (-12.87%)
Jeremy Grantham 9,989 sh (-22.41%)
David Dreman 24,300 sh (-47.24%)
Steven Cohen 6,305 sh (-47.48%)
Jim Simons 240,800 sh (-56.99%)
» More
Q1 2014

HRS Guru Trades in Q1 2014

Brian Rogers 4,089,500 sh (unchged)
» More
» Details

Insider Trades

Latest Guru Trades with HRS

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Hussman 2013-12-31 Add 72.71%0.63%$58 - $70.16 $ 70.4711%300000
David Dreman 2013-12-31 Reduce -47.24%0.12%$58 - $70.16 $ 70.4711%24300
John Hussman 2013-09-30 Add 4594.59%0.56%$49.08 - $59.46 $ 70.4726%173700
Joel Greenblatt 2013-09-30 Add 32.23%0.13%$49.08 - $59.46 $ 70.4726%280019
David Dreman 2013-09-30 Reduce -60.46%0.11%$49.08 - $59.46 $ 70.4726%46056
Ray Dalio 2013-09-30 Sold Out $49.08 - $59.46 $ 70.4726%0
Joel Greenblatt 2013-06-30 Add 31.48%0.11%$41.66 - $51.23 $ 70.4748%211764
Ray Dalio 2013-06-30 New Buy$41.66 - $51.23 $ 70.4748%4204
Joel Greenblatt 2013-03-31 Add 60.25%0.14%$43.99 - $50.21 $ 70.4749%161060
David Dreman 2013-03-31 Add 79.24%0.07%$43.99 - $50.21 $ 70.4749%123346
John Hussman 2013-03-31 Add 68.18%$43.99 - $50.21 $ 70.4749%3700
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

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Ratios

vs
industry
vs
history
P/E(ttm) 18.80
HRS's P/E(ttm) is ranked higher than
70% of the 434 Companies
in the Global Communication Equipment industry.

( Industry Median: 22.80 vs. HRS: 18.80 )
HRS' s 10-Year P/E(ttm) Range
Min: 7.54   Max: 496.09
Current: 18.8

7.54
496.09
P/B 4.30
HRS's P/B is ranked lower than
66% of the 600 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.96 vs. HRS: 4.30 )
HRS' s 10-Year P/B Range
Min: 1.56   Max: 4.65
Current: 4.3

1.56
4.65
P/S 1.50
HRS's P/S is ranked lower than
54% of the 638 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.23 vs. HRS: 1.50 )
HRS' s 10-Year P/S Range
Min: 0.73   Max: 2
Current: 1.5

0.73
2
PFCF 11.80
HRS's PFCF is ranked higher than
79% of the 332 Companies
in the Global Communication Equipment industry.

( Industry Median: 21.59 vs. HRS: 11.80 )
HRS' s 10-Year PFCF Range
Min: 6.68   Max: 40.89
Current: 11.8

6.68
40.89
EV-to-EBIT 11.50
HRS's EV-to-EBIT is ranked higher than
80% of the 485 Companies
in the Global Communication Equipment industry.

( Industry Median: 19.94 vs. HRS: 11.50 )
HRS' s 10-Year EV-to-EBIT Range
Min: 4.9   Max: 20.6
Current: 11.5

4.9
20.6
PEG 1.20
HRS's PEG is ranked higher than
67% of the 203 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.80 vs. HRS: 1.20 )
HRS' s 10-Year PEG Range
Min: 0.21   Max: 1.85
Current: 1.2

0.21
1.85
Shiller P/E 28.00
HRS's Shiller P/E is ranked higher than
58% of the 248 Companies
in the Global Communication Equipment industry.

( Industry Median: 24.72 vs. HRS: 28.00 )
HRS' s 10-Year Shiller P/E Range
Min: 10.18   Max: 66.47
Current: 28

10.18
66.47

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.30
HRS's Dividend Yield is ranked higher than
66% of the 318 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.69 vs. HRS: 2.30 )
HRS' s 10-Year Dividend Yield Range
Min: 0.61   Max: 3.43
Current: 2.3

0.61
3.43
Dividend Payout 0.37
HRS's Dividend Payout is ranked higher than
58% of the 251 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.37 vs. HRS: 0.37 )
HRS' s 10-Year Dividend Payout Range
Min: 0.07   Max: 12
Current: 0.37

0.07
12
Dividend growth (3y) 18.90
HRS's Dividend growth (3y) is ranked higher than
87% of the 119 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.60 vs. HRS: 18.90 )
HRS' s 10-Year Dividend growth (3y) Range
Min: -40.7   Max: 35.7
Current: 18.9

-40.7
35.7
Yield on cost (5-Year) 5.02
HRS's Yield on cost (5-Year) is ranked higher than
88% of the 326 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.74 vs. HRS: 5.02 )
HRS' s 10-Year Yield on cost (5-Year) Range
Min: 1.33   Max: 7.49
Current: 5.02

1.33
7.49
Share Buyback Rate 5.10
HRS's Share Buyback Rate is ranked higher than
96% of the 423 Companies
in the Global Communication Equipment industry.

( Industry Median: -0.90 vs. HRS: 5.10 )
HRS' s 10-Year Share Buyback Rate Range
Min: 5.8   Max: -2.3
Current: 5.1

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 1.10
HRS's Price/DCF (Projected) is ranked higher than
74% of the 310 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.30 vs. HRS: 1.10 )
HRS' s 10-Year Price/DCF (Projected) Range
Min: 0.43   Max: 2.07
Current: 1.1

0.43
2.07
Price/Median PS Value 1.30
HRS's Price/Median PS Value is ranked lower than
58% of the 601 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.10 vs. HRS: 1.30 )
HRS' s 10-Year Price/Median PS Value Range
Min: 0.25   Max: 4.07
Current: 1.3

0.25
4.07
Price/Peter Lynch Fair Value 1.40
HRS's Price/Peter Lynch Fair Value is ranked higher than
58% of the 81 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.00 vs. HRS: 1.40 )
HRS' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.37   Max: 8.85
Current: 1.4

0.37
8.85
Earnings Yield (Greenblatt) 8.70
HRS's Earnings Yield (Greenblatt) is ranked higher than
81% of the 532 Companies
in the Global Communication Equipment industry.

( Industry Median: 4.70 vs. HRS: 8.70 )
HRS' s 10-Year Earnings Yield (Greenblatt) Range
Min: 4.9   Max: 20.2
Current: 8.7

4.9
20.2
Forward Rate of Return (Yacktman) 17.77
HRS's Forward Rate of Return (Yacktman) is ranked higher than
91% of the 419 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.40 vs. HRS: 17.77 )
HRS' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 18.4   Max: 51.9
Current: 17.77

18.4
51.9

Business Description

Industry: Communication Equipment » Communication Equipment
Compare:PTFRY, QCOM, CSCO, ERIC, NOK » details
Traded in other countries:HRS.Germany
Harris Corporation was incorporated in Delaware in 1926 as the successor to three companies founded in the 1890s. The Company, together with its subsidiaries, is a communications and information technology company serving government and commercial markets in about 125 countries. The Company has three reportable operating segments: Its RF Communications segment, comprised of U.S. Department of Defense and International Tactical Communications, and Public Safety and Professional Communications; its Integrated Network Solutions segment, comprised of IT Services, Harris CapRock Communications, and Healthcare Solutions; and its Government Communications Systems segment, comprised of Civil Programs, National Intelligence Programs, and Defense Programs. Its RF Communications is a global supplier of secure tactical radio communications and embedded high-grade encryption solutions for military, government and commercial organizations and also of secure communications systems and equipment for public safety, utility and transportation markets. Its Integrated Network Solutions segment addresses the fast-growing global market for integrated communications and information technology and services and provides a variety of trusted networking capabilities to support government, energy, maritime and healthcare customers. Its Government Communications Systems conducts advanced research and develops, produces, integrates and supports advanced communications and information systems that solve the mission-critical challenges of its civilian, intelligence and defense government customers worldwide. In the RF Communications segment, principal competitors include European Aeronautic Defence and Space Company N.V. ('EADS'), General Dynamics, ITT Exelis, Motorola Solutions, Raytheon, Rohde & Schwarz, Tadiran and Thales. In the Integrated Network Solutions segment, main competitors include Aetna Medicity, CACI, Computer Sciences Corporation, Dell, EADS/Vizada, General Dynamics, Globecomm, Health Care DataWorks, Hewlett Packard, IBM, Lockheed Martin, ManTech, MTN, NCI Information Systems, Northrop Grumman, Optum, Orion Health, Raytheon, RigNet, SAIC, Stratos, TCS, Telos Corporation, and The Advisory Board Company, as well as other smaller companies and divisions of large companies. In the Government Communications Systems segment, main competitors include BAE Systems, Boeing, General Dynamics, L-3 Communications, Lockheed Martin, Northrop Grumman, Raytheon and Rockwell Collins. The Company's facilities and operations are subject to numerous domestic and international laws and regulations designed to protect the environment, particularly with regard to wastes and emissions.

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