Honeywell Aerospace Inc (HONA) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+72.5%

$276.57

vs $160.34 price

Levered DCF

$299.23

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.58

Grey zone

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023
P/E	35.59×	22.5×	21.95×
P/B	7.54×	7.25×	0×
P/S	3.64×	4.1×	4.59×
EV / EBITDA	17.68×	16.43×	0×
Gross margin	34.8%	35.6%	38.3%
Operating margin	18.7%	22.7%	25.8%
Net margin	10.2%	18.2%	20.9%
Current ratio	1.28×	1.32×	0×
Debt / equity	0.03×	0.03×	0×
Interest coverage	3.98×	0×	0×
Dividend yield	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023
Return on equity	21.2%	32.2%	0.0%
Return on invested capital	22.5%	26.8%	0.0%
Return on assets	10.1%	16.7%	0.0%
Free cash flow yield	5.1%	3.2%	4.1%
Earnings yield	2.8%	4.4%	4.6%
Enterprise value	$63.4B	$63.4B	$0
Net debt / EBITDA	0.02×	-0×	0×
Cash conversion cycle (days)	112	114	0