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NMS · Valuation Lab
HON
Honeywell International Inc.
Last$248.12
Market cap78.6B
EV/EBITDA12.3x
Intrinsic value
$103.66
MoS -139.4% · Overvalued
Assuming 6.9% FCF margin and 4.3% Y1–5 growth.
Upside to price
EV (DCF)58.6B
Terminal share63%
Expected IV$121.74
Probability weights
Projected free cash flows
Stage FCF path with present values · terminal 63% of EV
PV of stage FCFs21.8B
PV of terminal value36.8B
Enterprise value58.6B
Net cash / (debt)-25.8B
Equity value32.9B
Intrinsic value / share$103.66
| Year | Revenue | FCF | PV | DF |
|---|---|---|---|---|
| Y1 | 39.7B | 2.7B | 2.5B | 93.1% |
| Y2 | 41.4B | 2.9B | 2.5B | 86.7% |
| Y3 | 43.2B | 3B | 2.4B | 80.7% |
| Y4 | 45B | 3.1B | 2.3B | 75.1% |
| Y5 | 47B | 3.2B | 2.3B | 69.9% |
| Y6 | 48B | 3.3B | 2.2B | 65.1% |
| Y7 | 49.1B | 3.4B | 2.1B | 60.6% |
| Y8 | 50.1B | 3.5B | 2B | 56.4% |
| Y9 | 51.2B | 3.5B | 1.9B | 52.5% |
| Y10 | 52.4B | 3.6B | 1.8B | 48.9% |
| Terminal | — | — | 36.8B | — |
Educational DCF model only — not financial advice. Terminal value and assumptions dominate results; verify filings and run your own diligence.