Financials Textron Inc.

Equities

TXT

US8832031012

Aerospace & Defense

Real-time Estimate Cboe BZX 10:37:44 2024-04-16 am EDT 5-day change 1st Jan Change
92.53 USD -0.57% Intraday chart for Textron Inc. -3.63% +15.41%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,155 11,087 17,010 14,781 15,763 17,904 - -
Enterprise Value (EV) 1 12,098 12,648 18,273 16,000 17,168 19,607 19,529 19,419
P/E ratio 12.7 x 35.9 x 23.4 x 17.7 x 17.6 x 16.2 x 14.1 x 13 x
Yield 0.18% 0.17% 0.1% 0.11% - 0.09% 0.09% 0.11%
Capitalization / Revenue 0.75 x 0.95 x 1.37 x 1.15 x 1.15 x 1.22 x 1.16 x 1.12 x
EV / Revenue 0.89 x 1.09 x 1.48 x 1.24 x 1.25 x 1.34 x 1.27 x 1.22 x
EV / EBITDA 7.68 x 12.4 x 13.1 x 10.6 x 10.9 x 11 x 10 x 9.75 x
EV / FCF 19.5 x 28 x 16.7 x 14.5 x 19.8 x 20.9 x 18.5 x 16.6 x
FCF Yield 5.13% 3.57% 5.99% 6.92% 5.06% 4.79% 5.42% 6.02%
Price to Book 1.84 x 1.88 x 2.46 x 2.05 x - 2.43 x 2.25 x 2.06 x
Nbr of stocks (in thousands) 228,263 228,875 220,425 208,771 196,005 192,387 - -
Reference price 2 44.49 48.44 77.17 70.80 80.42 93.06 93.06 93.06
Announcement Date 1/29/20 1/27/21 1/27/22 1/25/23 1/24/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 13,630 11,651 12,382 12,869 13,683 14,653 15,423 15,927
EBITDA 1 1,576 1,020 1,395 1,507 1,579 1,787 1,948 1,991
EBIT 1 1,160 629 1,005 1,110 1,184 1,365 1,494 1,550
Operating Margin 8.51% 5.4% 8.12% 8.63% 8.65% 9.31% 9.69% 9.73%
Earnings before Tax (EBT) 1 942 282 873 1,016 1,087 1,314 1,452 1,530
Net income 1 815 309 746 861 921 1,076 1,191 1,243
Net margin 5.98% 2.65% 6.02% 6.69% 6.73% 7.34% 7.72% 7.81%
EPS 2 3.500 1.350 3.293 4.010 4.570 5.749 6.590 7.146
Free Cash Flow 1 621 452 1,094 1,107 868 938.3 1,058 1,168
FCF margin 4.56% 3.88% 8.84% 8.6% 6.34% 6.4% 6.86% 7.34%
FCF Conversion (EBITDA) 39.4% 44.31% 78.42% 73.46% 54.97% 52.51% 54.31% 58.67%
FCF Conversion (Net income) 76.2% 146.28% 146.65% 128.57% 94.25% 87.19% 88.83% 93.98%
Dividend per Share 2 0.0800 0.0800 0.0800 0.0800 - 0.0800 0.0825 0.1000
Announcement Date 1/29/20 1/27/21 1/27/22 1/25/23 1/24/24 - - -
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 2,990 3,322 3,001 3,154 3,078 3,636 3,024 3,424 3,343 3,892 3,261 3,610 3,621 4,154 3,459
EBITDA 1 350 386 353 389 381 383 312 432 393 442 361.9 437.8 448.2 525.5 425.1
EBIT 1 256 281 260 291 285 274 220 331 294 339 262.7 330.8 336.2 413.8 -
Operating Margin 8.56% 8.46% 8.66% 9.23% 9.26% 7.54% 7.28% 9.67% 8.79% 8.71% 8.06% 9.16% 9.29% 9.96% -
Earnings before Tax (EBT) 1 218 247 232 263 264 257 227 329 301 230 267.3 331 337.9 399.1 287
Net income 1 185 207 193 217 225 226 191 263 269 198 218.6 263.8 266.9 330.3 237
Net margin 6.19% 6.23% 6.43% 6.88% 7.31% 6.22% 6.32% 7.68% 8.05% 5.09% 6.7% 7.31% 7.37% 7.95% 6.85%
EPS 2 0.8200 0.9300 0.8800 1.000 1.060 1.070 0.9200 1.300 1.350 1.010 1.132 1.432 1.469 1.849 1.370
Dividend per Share 2 0.0200 0.0200 0.0200 0.0200 0.0200 0.0200 0.0200 0.0200 0.0200 - 0.0200 0.0200 0.0200 0.0200 0.0200
Announcement Date 10/28/21 1/27/22 4/28/22 7/28/22 10/27/22 1/25/23 4/27/23 7/27/23 10/26/23 1/24/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,943 1,561 1,263 1,219 1,405 1,704 1,626 1,516
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.233 x 1.53 x 0.9054 x 0.8089 x 0.8898 x 0.9533 x 0.8345 x 0.7612 x
Free Cash Flow 1 621 452 1,094 1,107 868 938 1,058 1,168
ROE (net income / shareholders' equity) 15.2% 5.44% 11.8% 12.4% 13.1% 17.2% 17.5% 16.9%
ROA (Net income/ Total Assets) 5.57% 2.03% 4.77% 5.36% 5.56% 6.64% 7.2% 7.5%
Assets 1 14,641 15,209 15,635 16,060 16,575 16,197 16,541 16,574
Book Value Per Share 2 24.20 25.80 31.40 34.50 - 38.30 41.30 45.20
Cash Flow per Share 2 4.130 3.360 6.490 6.800 6.290 6.290 7.150 -
Capex 1 339 317 375 354 402 419 444 449
Capex / Sales 2.49% 2.72% 3.03% 2.75% 2.94% 2.86% 2.88% 2.82%
Announcement Date 1/29/20 1/27/21 1/27/22 1/25/23 1/24/24 - - -
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
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
93.06 USD
Average target price
99.21 USD
Spread / Average Target
+6.61%
Consensus
  1. Stock Market
  2. Equities
  3. TXT Stock
  4. Financials Textron Inc.