Honeywell International Inc. (Honeywell), an integrated operating company, serves a broad range of industries and geographies around the world, with a portfolio that is underpinned by its Honeywell Accelerator operating system and Honeywell Forge pla…
Analysis
Beloved champion
Honeywell International Inc. sits in the top corner of our grid: excellent business, premium price; every investor already knows the story. Worth noting: the cash the business generates has lagged behind what the income statement shows.
On valuation, the picture is expensive. The owner-earnings multiple stands at 30.8×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 12% a year, against analyst forecasts of 7%. The gap between price and consensus is worth watching: demanding expectations.
Growth is moderate; the safety picture is stretched. The company scores 12/20 on our value-creation score: creating some value. Analyst sentiment is cautious.
Flags to be aware of: The financial cushion is thinner than comfortable. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.
360° rank · history
1007550250
Jan 202340
8
2023202420252026
All-time high
74
Aug 2024
All-time low
4
Nov 2023
Average rank
31
across all years
Detailed & Historical Ranks
Deep dive into 15 detailed ranks and 3 years of history.
Current202520242023
Price/Sales
43
37
20
25
Price/Earnings
61
49
34
25
Price/Book
17
16
10
8
Dividend Yield
97
97
91
86
Value (overall)
62
67
53
24
Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.