Financials Howmet Aerospace Inc. Sao Paulo

Equities

ARNC34

BRARNCBDR002

Aerospace & Defense

Delayed Sao Paulo 09:26:51 31/05/2024 pm IST 5-day change 1st Jan Change
436 BRL -0.68% Intraday chart for Howmet Aerospace Inc. +0.40% +66.34%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,322 12,375 13,598 16,304 22,284 34,553 - -
Enterprise Value (EV) 1 17,614 15,840 17,110 19,675 25,380 37,454 37,384 37,257
P/E ratio 29.9 x 48.4 x 53.9 x 35.5 x 29.6 x 35.3 x 28.9 x 24.4 x
Yield 0.39% 0.07% 0.13% 0.25% 0.31% 0.27% 0.32% 0.37%
Capitalization / Revenue 0.94 x 2.35 x 2.73 x 2.88 x 3.36 x 4.71 x 4.31 x 3.96 x
EV / Revenue 1.24 x 3.01 x 3.44 x 3.47 x 3.82 x 5.1 x 4.66 x 4.27 x
EV / EBITDA 7.63 x 13.8 x 15.1 x 15.4 x 16.8 x 21.2 x 18.7 x 16.7 x
EV / FCF -97.9 x 96.6 x 33.1 x 36.4 x 37.2 x 44.9 x 34.4 x 30.3 x
FCF Yield -1.02% 1.04% 3.02% 2.74% 2.69% 2.23% 2.9% 3.3%
Price to Book 2.89 x 3.45 x 3.95 x 4.61 x 5.5 x 7.81 x 7.17 x 6.53 x
Nbr of stocks (in thousands) 4,32,941 4,33,604 4,27,218 4,13,712 4,11,744 4,08,183 - -
Reference price 2 30.77 28.54 31.83 39.41 54.12 84.65 84.65 84.65
Announcement Date 27/01/20 03/02/21 02/02/22 14/02/23 13/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 14,192 5,259 4,972 5,663 6,640 7,344 8,025 8,733
EBITDA 1 2,308 1,147 1,135 1,276 1,508 1,764 1,999 2,231
EBIT 1 1,772 809 866 919 1,203 1,483 1,702 1,934
Operating Margin 12.49% 15.38% 17.42% 16.23% 18.12% 20.19% 21.21% 22.14%
Earnings before Tax (EBT) 1 575 171 324 606 975 1,247 1,511 1,773
Net income 1 470 259 256 469 765 982.5 1,179 1,384
Net margin 3.31% 4.92% 5.15% 8.28% 11.52% 13.38% 14.69% 15.85%
EPS 2 1.030 0.5900 0.5900 1.110 1.830 2.401 2.925 3.476
Free Cash Flow 1 -180 164 517 540 682 833.7 1,085 1,229
FCF margin -1.27% 3.12% 10.4% 9.54% 10.27% 11.35% 13.52% 14.07%
FCF Conversion (EBITDA) - 14.3% 45.55% 42.32% 45.23% 47.26% 54.3% 55.1%
FCF Conversion (Net income) - 63.32% 201.95% 115.14% 89.15% 84.85% 92.06% 88.82%
Dividend per Share 2 0.1200 0.0200 0.0400 0.1000 0.1700 0.2280 0.2727 0.3137
Announcement Date 27/01/20 03/02/21 02/02/22 14/02/23 13/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 1,285 1,324 1,393 1,433 1,513 1,603 1,648 1,658 1,731 1,824 1,839 1,818 1,863 1,946 1,971
EBITDA 1 296 300 317 323 336 360 368 382 398 437 443.2 436.8 449.5 470.8 492.5
EBIT 1 229 230 241 228 220 285 285 307 326 369 371.8 365.7 376.4 393.4 414.1
Operating Margin 17.82% 17.37% 17.3% 15.91% 14.54% 17.78% 17.29% 18.52% 18.83% 20.23% 20.22% 20.11% 20.2% 20.22% 21.01%
Earnings before Tax (EBT) 1 78 171 183 104 148 220 243 242 270 303 310.9 308.6 321.5 334.8 387.2
Net income 1 77 131 147 80 111 148 193 188 236 243 243.6 241.4 251.3 256.1 296.2
Net margin 5.99% 9.89% 10.55% 5.58% 7.34% 9.23% 11.71% 11.34% 13.63% 13.32% 13.24% 13.28% 13.49% 13.16% 15.03%
EPS 2 0.1800 0.3100 0.3500 0.1900 0.2600 0.3500 0.4600 0.4500 0.5700 0.5900 0.5970 0.5914 0.6208 0.6714 0.7255
Dividend per Share 2 0.0200 0.0200 - - - - 0.0400 0.0400 0.0500 0.0500 0.0500 0.0600 0.0617 0.0633 0.0633
Announcement Date 02/02/22 03/05/22 04/08/22 31/10/22 14/02/23 02/05/23 01/08/23 02/11/23 13/02/24 02/05/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,292 3,465 3,512 3,371 3,096 2,901 2,832 2,705
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.86 x 3.021 x 3.094 x 2.642 x 2.053 x 1.644 x 1.417 x 1.212 x
Free Cash Flow 1 -180 164 517 540 682 834 1,085 1,229
ROE (net income / shareholders' equity) 19.1% 8.66% 12.5% 13.2% 20% 23.1% 25.7% 28.3%
ROA (Net income/ Total Assets) 5.35% 2.44% 4.08% 4.58% 7.4% 18.1% 21% 23.9%
Assets 1 8,785 10,610 6,273 10,237 10,341 5,419 5,622 5,797
Book Value Per Share 2 10.60 8.270 8.060 8.540 9.850 10.80 11.80 13.00
Cash Flow per Share 2 0.8800 0.0200 1.030 1.740 2.170 2.800 3.380 4.440
Capex 1 586 267 199 193 219 304 298 300
Capex / Sales 4.13% 5.08% 4% 3.41% 3.3% 4.13% 3.71% 3.43%
Announcement Date 27/01/20 03/02/21 02/02/22 14/02/23 13/02/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
21
Last Close Price
84.65 USD
Average target price
86.47 USD
Spread / Average Target
+2.15%
Consensus
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