What is Honeywell International Inc worth?
With the base-case assumptions below, a discounted cash flow model on Honeywell International Inc's reported free cash flow gives $102.70 per share. The share price was $212.55 on September 25, 2026, 107% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | -2.0% | 10.0% | $50.24 | -76% |
| Base | 3.0% | 9.0% | $102.70 | -52% |
| Bull | 8.0% | 8.0% | $200.66 | -6% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $139.75 | $150.96 | $164.67 | $181.79 | $203.82 |
| 8.0% | $112.18 | $119.45 | $128.04 | $138.35 | $150.96 |
| 9.0% | $92.00 | $96.97 | $102.70 | $109.39 | $117.30 |
| 10.0% | $76.59 | $80.12 | $84.13 | $88.71 | $93.99 |
| 11.0% | $64.45 | $67.04 | $69.94 | $73.19 | $76.89 |
Where the presets come from
Base: years 1 to 5 grow at Honeywell International Inc's revenue growth rate over the last 5 fiscal years (2.8% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions