Financials Howmet Aerospace Inc.

Equities

HWM

US4432011082

Aerospace & Defense

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
66.4 USD +2.47% Intraday chart for Howmet Aerospace Inc. +4.72% +22.69%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,322 12,375 13,598 16,304 22,284 27,117 - -
Enterprise Value (EV) 1 17,614 15,840 17,110 19,675 25,380 30,032 29,878 29,828
P/E ratio 29.9 x 48.4 x 53.9 x 35.5 x 29.6 x 30.2 x 24.6 x 20.7 x
Yield 0.39% 0.07% 0.13% 0.25% 0.31% 0.32% 0.37% 0.42%
Capitalization / Revenue 0.94 x 2.35 x 2.73 x 2.88 x 3.36 x 3.79 x 3.49 x 3.24 x
EV / Revenue 1.24 x 3.01 x 3.44 x 3.47 x 3.82 x 4.2 x 3.85 x 3.56 x
EV / EBITDA 7.63 x 13.8 x 15.1 x 15.4 x 16.8 x 17.9 x 15.8 x 14.2 x
EV / FCF -97.9 x 96.6 x 33.1 x 36.4 x 37.2 x 38.6 x 29.9 x 25.7 x
FCF Yield -1.02% 1.04% 3.02% 2.74% 2.69% 2.59% 3.34% 3.89%
Price to Book 2.89 x 3.45 x 3.95 x 4.61 x 5.5 x 6.06 x 5.43 x 5.26 x
Nbr of stocks (in thousands) 432,941 433,604 427,218 413,712 411,744 408,383 - -
Reference price 2 30.77 28.54 31.83 39.41 54.12 66.40 66.40 66.40
Announcement Date 1/27/20 2/3/21 2/2/22 2/14/23 2/13/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 14,192 5,259 4,972 5,663 6,640 7,146 7,768 8,373
EBITDA 1 2,308 1,147 1,135 1,276 1,508 1,673 1,891 2,095
EBIT 1 1,772 809 866 919 1,203 1,390 1,592 1,780
Operating Margin 12.49% 15.38% 17.42% 16.23% 18.12% 19.46% 20.5% 21.26%
Earnings before Tax (EBT) 1 575 171 324 606 975 1,156 1,391 1,614
Net income 1 470 259 256 469 765 904.5 1,086 1,256
Net margin 3.31% 4.92% 5.15% 8.28% 11.52% 12.66% 13.98% 15.01%
EPS 2 1.030 0.5900 0.5900 1.110 1.830 2.202 2.704 3.204
Free Cash Flow 1 -180 164 517 540 682 777.7 998 1,161
FCF margin -1.27% 3.12% 10.4% 9.54% 10.27% 10.88% 12.85% 13.87%
FCF Conversion (EBITDA) - 14.3% 45.55% 42.32% 45.23% 46.48% 52.79% 55.41%
FCF Conversion (Net income) - 63.32% 201.95% 115.14% 89.15% 85.99% 91.94% 92.4%
Dividend per Share 2 0.1200 0.0200 0.0400 0.1000 0.1700 0.2115 0.2446 0.2769
Announcement Date 1/27/20 2/3/21 2/2/22 2/14/23 2/13/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 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
Net sales 1 1,283 1,285 1,324 1,393 1,433 1,513 1,603 1,648 1,658 1,731 1,738 1,771 1,788 1,854 1,881
EBITDA 1 292 296 300 317 323 336 360 368 382 398 402.6 415.2 419.4 438.8 451.8
EBIT 1 224 229 230 241 228 220 285 285 307 326 334.2 343.2 348.2 364.7 377
Operating Margin 17.46% 17.82% 17.37% 17.3% 15.91% 14.54% 17.78% 17.29% 18.52% 18.83% 19.23% 19.38% 19.47% 19.67% 20.05%
Earnings before Tax (EBT) 1 23 78 171 183 104 148 220 243 242 270 274.3 281.6 287.7 306.9 323.4
Net income 1 27 77 131 147 80 111 148 193 188 236 214.8 221.1 225.9 241.1 247.4
Net margin 2.1% 5.99% 9.89% 10.55% 5.58% 7.34% 9.23% 11.71% 11.34% 13.63% 12.36% 12.48% 12.64% 13.01% 13.15%
EPS 2 0.0600 0.1800 0.3100 0.3500 0.1900 0.2600 0.3500 0.4600 0.4500 0.5700 0.5189 0.5376 0.5494 0.5929 0.6257
Dividend per Share 2 0.0200 0.0200 0.0200 - - - - 0.0400 0.0400 0.0500 0.0500 0.0500 0.0500 0.0575 0.0617
Announcement Date 11/4/21 2/2/22 5/3/22 8/4/22 10/31/22 2/14/23 5/2/23 8/1/23 11/2/23 2/13/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,292 3,465 3,512 3,371 3,096 2,916 2,762 2,712
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.86 x 3.021 x 3.094 x 2.642 x 2.053 x 1.743 x 1.461 x 1.294 x
Free Cash Flow 1 -180 164 517 540 682 778 998 1,161
ROE (net income / shareholders' equity) 19.1% 8.66% 12.5% 13.2% 20% 21.8% 23.8% 25.7%
ROA (Net income/ Total Assets) 5.35% 2.44% 4.08% 4.58% 7.4% 16.7% 19.4% 11.8%
Assets 1 8,785 10,610 6,273 10,237 10,341 5,417 5,598 10,683
Book Value Per Share 2 10.60 8.270 8.060 8.540 9.850 11.00 12.20 12.60
Cash Flow per Share 2 0.8800 0.0200 1.030 1.740 2.170 2.600 3.160 3.980
Capex 1 586 267 199 193 219 288 288 291
Capex / Sales 4.13% 5.08% 4% 3.41% 3.3% 4.03% 3.71% 3.47%
Announcement Date 1/27/20 2/3/21 2/2/22 2/14/23 2/13/24 - - -
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+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
22
Last Close Price
66.4 USD
Average target price
71.65 USD
Spread / Average Target
+7.91%
Consensus
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