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Honeywell International (WBO:HON) Cyclically Adjusted Price-to-FCF : 30.01 (As of Dec. 16, 2024)


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

As of today (2024-12-16), Honeywell International's current share price is €217.90. Honeywell International's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was €7.26. Honeywell International's Cyclically Adjusted Price-to-FCF for today is 30.01.

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

WBO:HON' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 19.77   Med: 26.98   Max: 37.46
Current: 28.12

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 26.98.

WBO:HON's Cyclically Adjusted Price-to-FCF is ranked worse than
64.89% of 188 companies
in the Conglomerates industry
Industry Median: 16.44 vs WBO:HON: 28.12

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 Sep. 2024 was €2.366. 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 €7.26 for the trailing ten years ended in Sep. 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
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 24.04 26.75 25.87 26.80 25.53

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
=217.90/7.26
=30.01

* 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 Sep. 2024 is calculated as:

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=2.366/133.0289*133.0289
=2.366

Current CPI (Sep. 2024) = 133.0289.

Honeywell International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 1.434 99.070 1.926
201503 0.298 99.621 0.398
201506 1.309 100.684 1.730
201509 1.636 100.392 2.168
201512 1.852 99.792 2.469
201603 0.144 100.470 0.191
201606 1.495 101.688 1.956
201609 1.473 101.861 1.924
201612 2.082 101.863 2.719
201703 0.933 102.862 1.207
201706 1.396 103.349 1.797
201709 1.300 104.136 1.661
201712 1.927 104.011 2.465
201803 1.061 105.290 1.341
201806 1.884 106.317 2.357
201809 1.932 106.507 2.413
201812 1.480 105.998 1.857
201903 1.190 107.251 1.476
201906 1.820 108.070 2.240
201909 1.598 108.329 1.962
201912 2.838 108.420 3.482
202003 1.010 108.902 1.234
202006 1.571 108.767 1.921
202009 0.907 109.815 1.099
202012 2.884 109.897 3.491
202103 0.903 111.754 1.075
202106 1.291 114.631 1.498
202109 1.108 115.734 1.274
202112 3.031 117.630 3.428
202203 -0.193 121.301 -0.212
202206 0.871 125.017 0.927
202209 2.822 125.227 2.998
202212 2.965 125.222 3.150
202303 -1.356 127.348 -1.416
202306 1.552 128.729 1.604
202309 2.191 129.860 2.244
202312 3.591 129.419 3.691
202403 0.301 131.776 0.304
202406 1.579 132.554 1.585
202409 2.366 133.029 2.366

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  (WBO: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 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. Other inventions by Honeywell include biodegradable detergent and autopilot. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace technologies (37% of 2023 company revenue), industrial automation (29%), energy and sustainability solutions (17%), and building automation (17%). Recently, Honeywell has made several portfolio changes to focus on fewer end markets and align with a set of secular growth trends. The firm is working diligently to expand its installed base, deriving around 30% of its revenue from recurring aftermarket services.