HONEYWELL INTERNATIONAL INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 193.4 USD | +0.22% |
|
-0.42% | -7.75% |
| Apr. 26 | Wolfe Adjusts Price Target on Honeywell International to $220 From $228 | MT |
| Apr. 26 | Deutsche Bank Adjusts Price Target on Honeywell International to $219 From $215 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 126,472 | 149,249 | 143,543 | 144,079 | 138,251 | 125,972 | - | - |
| Enterprise Value (EV) 1 | 132,058 | 156,413 | 151,619 | 153,539 | 150,599 | 138,745 | 137,022 | 136,903 |
| P/E ratio | 21 x | 31.7 x | 26.4 x | 29.5 x | 24.8 x | 19.5 x | 17.9 x | 16.5 x |
| Yield | 1.9% | 1.71% | 1.81% | 1.85% | - | 2.23% | 2.47% | 2.64% |
| Capitalization / Revenue | 3.45 x | 4.57 x | 4.17 x | 4.06 x | 3.77 x | 3.27 x | 3.1 x | 2.95 x |
| EV / Revenue | 3.6 x | 4.79 x | 4.41 x | 4.33 x | 4.11 x | 3.6 x | 3.37 x | 3.21 x |
| EV / EBITDA | 14.7 x | 21.2 x | 17.2 x | 16.5 x | 16.2 x | 13.7 x | 12.6 x | 11.8 x |
| EV / FCF | 21.8 x | 29.5 x | 26.5 x | 34.1 x | 35 x | 23.6 x | 21.1 x | 19.7 x |
| FCF Yield | 4.59% | 3.39% | 3.78% | 2.94% | 2.86% | 4.24% | 4.75% | 5.07% |
| Price to Book | 6.82 x | 8.45 x | 7.7 x | 8.57 x | 8.46 x | 7.23 x | 6.67 x | 5.8 x |
| Nbr of stocks (in thousands) | 714,533 | 701,686 | 688,423 | 672,322 | 659,251 | 651,186 | - | - |
| Reference price 2 | 177.0 | 212.7 | 208.5 | 214.3 | 209.7 | 193.4 | 193.4 | 193.4 |
| Announcement Date | 1/31/20 | 1/29/21 | 2/3/22 | 2/2/23 | 2/1/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 36,709 | 32,637 | 34,392 | 35,466 | 36,662 | 38,530 | 40,675 | 42,651 |
| EBITDA 1 | 9,004 | 7,373 | 8,801 | 9,304 | 9,278 | 10,152 | 10,851 | 11,573 |
| EBIT 1 | 7,739 | 6,665 | 7,212 | 7,689 | 8,304 | 8,997 | 9,692 | 10,300 |
| Operating Margin | 21.08% | 20.42% | 20.97% | 21.68% | 22.65% | 23.35% | 23.83% | 24.15% |
| Earnings before Tax (EBT) 1 | 7,559 | 6,012 | 7,235 | 6,379 | 7,159 | 8,240 | 8,976 | 9,625 |
| Net income 1 | 6,143 | 4,779 | 5,542 | 4,966 | 5,658 | 6,510 | 7,015 | 7,510 |
| Net margin | 16.73% | 14.64% | 16.11% | 14% | 15.43% | 16.9% | 17.25% | 17.61% |
| EPS 2 | 8.410 | 6.720 | 7.910 | 7.270 | 8.470 | 9.897 | 10.79 | 11.73 |
| Free Cash Flow 1 | 6,058 | 5,302 | 5,729 | 4,508 | 4,301 | 5,885 | 6,502 | 6,944 |
| FCF margin | 16.5% | 16.25% | 16.66% | 12.71% | 11.73% | 15.27% | 15.98% | 16.28% |
| FCF Conversion (EBITDA) | 67.28% | 71.91% | 65.09% | 48.45% | 46.36% | 57.97% | 59.92% | 60% |
| FCF Conversion (Net income) | 98.62% | 110.94% | 103.37% | 90.78% | 76.02% | 90.4% | 92.68% | 92.46% |
| Dividend per Share 2 | 3.360 | 3.630 | 3.770 | 3.970 | - | 4.321 | 4.774 | 5.100 |
| Announcement Date | 1/31/20 | 1/29/21 | 2/3/22 | 2/2/23 | 2/1/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,657 | 8,376 | 8,953 | 8,951 | 9,186 | 8,864 | 9,146 | 9,212 | 9,440 | 9,105 | 9,380 | 9,747 | 10,263 | 9,615 | 9,825 |
| EBITDA 1 | 2,163 | 2,103 | 2,242 | 2,353 | 2,431 | 2,235 | 2,286 | 2,481 | 2,470 | 2,259 | 2,397 | 2,545 | 2,839 | 2,458 | 2,515 |
| EBIT 1 | 1,851 | 1,766 | 1,867 | 1,952 | 2,104 | 1,947 | 2,052 | 2,082 | 2,223 | 2,021 | 2,155 | 2,303 | 2,528 | - | - |
| Operating Margin | 21.38% | 21.08% | 20.85% | 21.81% | 22.9% | 21.97% | 22.44% | 22.6% | 23.55% | 22.2% | 22.98% | 23.62% | 24.63% | - | - |
| Earnings before Tax (EBT) 1 | 1,793 | 1,505 | 1,704 | 1,981 | 1,189 | 1,782 | 1,904 | 1,967 | 1,506 | 1,871 | 1,939 | 2,079 | 2,335 | 2,033 | 2,091 |
| Net income 1 | 1,428 | 1,134 | 1,261 | 1,552 | 1,019 | 1,394 | 1,487 | 1,514 | 1,263 | 1,463 | 1,547 | 1,645 | 1,858 | 1,594 | 1,640 |
| Net margin | 16.5% | 13.54% | 14.08% | 17.34% | 11.09% | 15.73% | 16.26% | 16.44% | 13.38% | 16.07% | 16.49% | 16.87% | 18.11% | 16.58% | 16.69% |
| EPS 2 | 2.050 | 1.640 | 1.840 | 2.280 | 1.510 | 2.070 | 2.220 | 2.270 | 1.910 | 2.230 | 2.362 | 2.510 | 2.838 | 2.437 | 2.517 |
| Dividend per Share 2 | 0.9800 | 0.9800 | 0.9800 | 0.9800 | 1.030 | 1.030 | 1.030 | - | - | - | 1.047 | 1.061 | 1.182 | 1.136 | 1.114 |
| Announcement Date | 2/3/22 | 4/29/22 | 7/28/22 | 10/27/22 | 2/2/23 | 4/27/23 | 7/27/23 | 10/26/23 | 2/1/24 | 4/25/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 5,586 | 7,164 | 8,076 | 9,460 | 12,348 | 12,774 | 11,050 | 10,931 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.6204 x | 0.9717 x | 0.9176 x | 1.017 x | 1.331 x | 1.258 x | 1.018 x | 0.9445 x |
| Free Cash Flow 1 | 6,058 | 5,302 | 5,729 | 4,508 | 4,301 | 5,885 | 6,502 | 6,944 |
| ROE (net income / shareholders' equity) | 32.1% | 27.7% | 29.9% | 28.2% | 36.3% | 37.9% | 41.2% | 45.1% |
| ROA (Net income/ Total Assets) | 10.2% | 8.2% | 8.59% | 7.84% | 9.89% | 10.1% | 10.5% | 11.2% |
| Assets 1 | 60,054 | 58,290 | 64,524 | 63,373 | 57,220 | 64,400 | 66,604 | 67,057 |
| Book Value Per Share 2 | 25.90 | 25.20 | 27.10 | 25.00 | 24.80 | 26.70 | 29.00 | 33.30 |
| Cash Flow per Share 2 | 9.440 | 8.730 | 8.620 | 7.720 | 7.990 | 10.90 | 12.10 | 13.30 |
| Capex 1 | 839 | 906 | 895 | 766 | 1,039 | 1,064 | 1,036 | 1,100 |
| Capex / Sales | 2.29% | 2.78% | 2.6% | 2.16% | 2.83% | 2.76% | 2.55% | 2.58% |
| Announcement Date | 1/31/20 | 1/29/21 | 2/3/22 | 2/2/23 | 2/1/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
26
Last Close Price
193.4
USD
Average target price
221.5
USD
Spread / Average Target
+14.52%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -7.75% | 126B | |
| +11.85% | 869B | |
| 0.00% | 239B | |
| +27.20% | 178B | |
| -5.21% | 74.17B | |
| -16.00% | 50.82B | |
| -24.57% | 38.6B | |
| +19.71% | 31.74B | |
| +14.46% | 29.82B | |
| +63.27% | 28.73B |
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- Financials Honeywell International Inc.
