Stock Analysis on Net

Raytheon Co. (NYSE:RTN)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 12, 2020.

Price to Sales (P/S)
since 2005

Microsoft Excel

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Calculation

Raytheon Co., P/S, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Raytheon Co. Annual Report.


The financial data reveals several key trends regarding the company’s share price, sales per share, and price-to-sales (P/S) ratio over the examined period.

Share Price
The share price shows an overall upward trend with notable fluctuations. Beginning at $43.98 in early 2006, the price peaks intermittently, experiencing a significant dip in early 2009 down to $43.02, aligning with a challenging economic period. From 2010 onwards, the share price steadily increases, reaching a high of $229.76 by early 2020. This indicates strong investor confidence and market valuation growth during the latter part of the timeframe.
Sales Per Share
Sales per share generally demonstrate consistent growth over the period. Starting from $49.08 in 2006, there is a slight decrease in 2007 but then a steady increase from 2008 onwards, reaching $104.78 by 2020. This upward trajectory suggests the company has been able to increase its revenue-generating capability per share, which may correspond with business expansion or improved operational efficiency.
Price-to-Sales Ratio (P/S)
The P/S ratio exhibits variability, reflecting changing market valuations relative to sales performance. Early years show moderate ratios around 0.9 to 1.33, followed by a decline around 2009-2012, with ratios falling as low as 0.69. Subsequently, the ratio climbs steadily, peaking at 2.42 in 2018 before a slight drop and recovery to 2.19 in 2020. The increase in P/S ratio during the recent years indicates that investors may value the company more highly relative to its sales, possibly due to anticipated future growth or improved profitability.

In summary, the company’s share price and sales per share have both increased considerably over the period, with the share price showing greater volatility. The rising P/S ratio towards the end indicates growing investor optimism and potentially stronger valuation multiples despite some short-term fluctuations. These trends collectively suggest a positive market outlook and progressive financial performance across the years.


Comparison to Competitors

Raytheon Co., P/S, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Capital Goods)


Comparison to Industry (Industrials)