Third-quarter revenue grew 2% to $4.6 billion, held back by lingering supply chain headaches that throttle throughput on some key products. Segment operating profit of $1.16 billion resulted in a 25% operating margin, more or less in line with the year-ago quarter.
As a stand-alone aerospace provider, Honeywell Aerospace’s management will be able to focus on its core markets and allocate capital back into the widest-moat portions.
Despite its prominent franchise in auxiliary power units, Honeywell Aerospace’s engine and power business delivers lower margins than its other business lines.
|
Metric
|
HONA
|
SAF
|
HO
|
|---|---|---|---|
Price/Earnings (Normalized) | 17.97 | 27.31 | 27.23 |
Price/Book Value | — | 7.88 | 6.05 |
Price/Sales | 2.71 | 3.42 | 2.13 |
Price/Cash Flow | 17.49 | 21.54 | 19.97 |
|
Metric
|
HONA
|
SAF
|
HO
|
|---|---|---|---|
Quick Ratio | 0.84 | 0.58 | 0.58 |
Current Ratio | 1.64 | 0.92 | 0.83 |
Interest Coverage | 2.42 | 39.36 | 6.69 |
|
Metric
|
HONA
|
SAF
|
HO
|
|---|---|---|---|
Return on Assets (Normalized) | 6.19% | 5.72% | 5.07% |
Return on Equity (Normalized) | — | 24.74% | 25.89% |
Return on Invested Capital (Normalized) | 18.50% | 17.38% | 15.12% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
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Economic Moat
|
Market Cap
|
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United States