Honeywell Technologies
Honeywell International Inc. engages in the industrial automation, building automation, and energy and sustainability solutions businesses in the United States, Europe, and internationally. The Industrial Automation segment provides automation control and instrumentation products and services; smar…
Honeywell International Inc. engages in the industrial automation, building automation, and energy and sustainability solutions businesses in the United States, Europe, and internationally. The Industrial Automation segment provides automation control and instrumentation products and services; smart energy products; sensing technologies, including custom-engineered sensors and related services; gas detection technologies and personal protective equipment; and system design automation equipment, as well as software and analytics for manufacturing, distribution, and fulfillment operations. The Building Automation segment provides software applications for building control and optimization; sensors, switches, control systems, and instruments for energy management; access control; video surveillance; fire products; and installation, maintenance, and system upgrade services. The Energy and Sustainability Solutions segment, through its UOP business, delivers licensed process technology, equipment, engineering, catalysts, adsorbents, and services for refining, petrochemicals, low-carbon energy, gas and LNG, and industrial solutions, as well as connectivity, data integration, and software solutions. The company also offers Forge Cognition, a self-contained agentic AI and simulation platform for facility operations. The company was formerly known as AlliedSignal, Inc. Honeywell International Inc. was founded in 1885 and is headquartered in Charlotte, North Carolina.Looks undervalued
Why: Latest free cash flow is depressed by heavy investment or one-off items, so a three-year average is used instead.
Details and the full model are below.
Market price below modeled range
Showing the EV/EBITDA (12x) you selected on the company card, using 2.96% growth, 2.7% terminal growth and 10% discount. The range varies these assumptions slightly; it is illustrative, not investment advice.
Assumptions: growth 2.96%, discount rate 10%, terminal growth 2.70% (sector defaults). See a worked example.
Blended growth assumption: 3.0% (sector default 6.2%, own revenue history 2.1%, analyst revenue consensus 1.8%).
5-year outlook: relative outlook of about 7.1% a year (High confidence), anchored to a 7% market return and adjusted for how this company ranks against others. A ranking aid, not a prediction. See the full forecast.
Analyst consensus expects revenue growth of 1.8% a year; the growth assumption used is 3.0%.
Adjust assumptions
Show the recommended model instead
Why this model: Latest free cash flow is depressed by heavy investment or one-off items, so a three-year average is used instead.
Compare models- Recommended: Normalised free-cash-flow DCF — USD 193.89 (-8.9%)
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EPS-based Gordon proxy
— USD 310.81 (+46.0%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
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DCF (trailing free cash flow)
— USD 24.26 (-88.6%)
Not used: Free cash flow is only 18% of net income, so a cash-flow model is probably depressed by investment timing.
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FCFF (steady state)
— USD 23.64 (-88.9%)
Not used: Free cash flow is only 18% of net income, so a cash-flow model is probably depressed by investment timing.
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EV/EBITDA (12x)
— USD 397.02 (+86.5%)
Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
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Fade DCF (10-year growth fade)
— USD 24.24 (-88.6%)
Not used: Free cash flow is only 18% of net income, so a cash-flow model is probably depressed by investment timing.
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EV/Sales (Rule of 40)
— USD 740.40 (+247.8%)
Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
| Bear USD 325.42 | 34.6% |
| Base USD 397.02 | 46.4% |
| Bull USD 468.62 | 54.6% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
No chartable saved daily price history is available for this range. The chart uses stored EODHD prices only and will appear after history is saved.
More detail: quality, peers, price history, dividends and financials
Quality score: 84 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 5 of 5 years profitable | 20 / 20 |
| Cash generation | free cash flow positive in 5 of 5 years | 20 / 20 |
| Growth | revenue -3.5% a year | 4 / 20 |
| Balance sheet | net debt 0.9x EBITDA | 20 / 20 |
| Margins | EBITDA margin 37% | 20 / 20 |
Peers in Industrials
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| HON (this company) | USD 212.87 | -9.8% | 9.6 | 3.0 | 3.8% | 84 |
| EZJ.L easyJet plc | GBP 6.84 | 74.5% | 10.6 | 1.5 | 1.7% | 78 |
| WAWI.OL Wallenius Wilhelmsen ASA | NOK 160.60 | 64.7% | 7.1 | 2.2 | 0.3% | 100 |
| IAG.L International Consolidated Airlines Group S.A. | GBP 4.31 | 59.5% | 7.9 | 3.4 | 1.8% | 92 |
| TPK.L Travis Perkins plc | GBP 6.45 | 55.4% | – | 0.8 | 2.1% | 46 |
| DFDS.CO DFDS A/S | DKK 153.20 | 47.3% | – | 0.6 | – | 64 |
| SRP.L Serco Group plc | GBP 2.79 | 45.8% | 19.8 | 3.3 | 1.5% | 82 |
| DG.PA VINCI SA | EUR 110.60 | 42.8% | 12.8 | 2.0 | 4.2% | 90 |
| HAFNI.OL Hafnia Limited | NOK 88.95 | 40.9% | 7.2 | 1.8 | 1.2% | 100 |
| Peer median | 9.2 | 1.9 | ||||
Dividends
Paid in the last 12 months: USD 4.44 per share · yield 2.09% at the current price.
| Year | Dividends per share |
|---|---|
| 2026 (so far) | 3.196 |
| 2025 | 4.599 |
| 2024 | 4.320 |
| 2023 | 4.122 |
| 2022 | 3.924 |
| 2021 | 3.727 |
Trailing 12-month financials
TTM through 30 Sep 2026 · quarterly EODHD data · data downloaded 06 Nov 2026 12:56
| Revenue | USD 30,716,000,000 |
|---|---|
| EBITDA | USD 11,428,000,000 |
| EBIT | USD 10,136,000,000 |
| Net income | USD 7,052,000,000 |
| Free cash flow | USD 1,276,000,000 |
| Capital expenditures | USD 673,000,000 |
| Debt | USD 16,593,000,000 |
| Cash | USD 6,186,000,000 |
| Working capital | USD -595,000,000 |
| Shares outstanding | 319,200,000 |
| Reported dividends per share | USD 8.0764 |