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 $124.92 per share. The share price was $228.22 on November 10, 2026, 83% 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% | $72.46 | -68% |
| Base | 3.0% | 9.0% | $124.92 | -45% |
| Bull | 8.0% | 8.0% | $222.88 | -2% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $161.98 | $173.19 | $186.89 | $204.02 | $226.04 |
| 8.0% | $134.40 | $141.67 | $150.27 | $160.58 | $173.18 |
| 9.0% | $114.22 | $119.19 | $124.92 | $131.62 | $139.52 |
| 10.0% | $98.81 | $102.35 | $106.35 | $110.93 | $116.21 |
| 11.0% | $86.67 | $89.26 | $92.16 | $95.42 | $99.11 |
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