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Honeywell International (XSGO:HON) Cyclically Adjusted Price-to-FCF : 25.88 (As of May. 24, 2024)


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What is Honeywell International Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Honeywell International's current share price is $204.22. Honeywell International's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $7.89. Honeywell International's Cyclically Adjusted Price-to-FCF for today is 25.88.

The historical rank and industry rank for Honeywell International's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

XSGO:HON' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 19.77   Med: 26.21   Max: 37.46
Current: 25.13

During the past years, Honeywell International's highest Cyclically Adjusted Price-to-FCF was 37.46. The lowest was 19.77. And the median was 26.21.

XSGO:HON's Cyclically Adjusted Price-to-FCF is ranked worse than
59.8% of 204 companies
in the Conglomerates industry
Industry Median: 19.705 vs XSGO:HON: 25.13

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Honeywell International's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.327. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $7.89 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Honeywell International Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Honeywell International's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Honeywell International Cyclically Adjusted Price-to-FCF Chart

Honeywell International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.10 35.60 30.55 28.57 26.75

Honeywell International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.65 27.56 24.04 26.75 25.87

Competitive Comparison of Honeywell International's Cyclically Adjusted Price-to-FCF

For the Conglomerates subindustry, Honeywell International's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Honeywell International's Cyclically Adjusted Price-to-FCF Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Honeywell International's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Honeywell International's Cyclically Adjusted Price-to-FCF falls into.



Honeywell International Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Honeywell International's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=204.22/7.89
=25.88

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Honeywell International's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Honeywell International's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.327/131.7762*131.7762
=0.327

Current CPI (Mar. 2024) = 131.7762.

Honeywell International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.398 100.560 1.832
201409 1.225 100.428 1.607
201412 1.768 99.070 2.352
201503 0.322 99.621 0.426
201506 1.469 100.684 1.923
201509 1.837 100.392 2.411
201512 2.017 99.792 2.663
201603 0.160 100.470 0.210
201606 1.680 101.688 2.177
201609 1.653 101.861 2.138
201612 2.196 101.863 2.841
201703 0.998 102.862 1.279
201706 1.568 103.349 1.999
201709 1.549 104.136 1.960
201712 2.281 104.011 2.890
201803 1.309 105.290 1.638
201806 2.201 106.317 2.728
201809 2.254 106.507 2.789
201812 1.684 105.998 2.094
201903 1.344 107.251 1.651
201906 2.056 108.070 2.507
201909 1.760 108.329 2.141
201912 3.153 108.420 3.832
202003 1.116 108.902 1.350
202006 1.770 108.767 2.144
202009 1.068 109.815 1.282
202012 3.508 109.897 4.206
202103 1.075 111.754 1.268
202106 1.556 114.631 1.789
202109 1.303 115.734 1.484
202112 3.424 117.630 3.836
202203 -0.213 121.301 -0.231
202206 0.921 125.017 0.971
202209 2.794 125.227 2.940
202212 3.141 125.222 3.305
202303 -1.452 127.348 -1.502
202306 1.682 128.729 1.722
202309 2.339 129.860 2.374
202312 3.916 129.419 3.987
202403 0.327 131.776 0.327

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Honeywell International  (XSGO:HON) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Honeywell International Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Honeywell International's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Honeywell International (XSGO:HON) Business Description

Address
855 South Mint Street, Charlotte, NC, USA, 28202
Honeywell traces its roots to 1885 with Albert Butz's firm, Butz-Thermo Electric Regulator, which produced a predecessor to the modern thermostat. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace, building technologies, performance materials and technologies, and safety and productivity solutions. In recent years, the firm has made several portfolio changes, including the addition of Intelligrated in 2016, as well as the spinoffs of Garrett Technologies and Resideo in 2018. In 2019, the firm launched Honeywell Forge, its enterprise performance management software solution that leverages the firm's domain expertise in buildings, airlines, and critical infrastructure.