Honeywell Aerospace Inc.
Honeywell Aerospace Inc is a global aerospace and defense company focused on mission-critical systems and technologies for commercial aviation, business aviation, defense, and space. Honeywell Aerospace Inc designs, manufactures, and services a broad portfolio that includes avionics, navigation and sensing systems, communications equipment, propulsion and power systems, auxiliary power units, and thermal, motion, and engine control solutions. The company also supplies cockpit displays, cabin systems, lighting, health monitoring products, and other components that support aircraft performance, safety, and operational efficiency. Its products are used across aircraft production, maintenance, and operations, making Honeywell Aerospace Inc a key supplier to air transport operators, military users, and aerospace manufacturers worldwide. Headquartered in Phoenix, Arizona, Honeywell Aerospace Inc serves as an important provider of integrated hardware and systems across the aerospace value chain.
$163.60
$3.53 (-2.11%)
EOD Sep 18, 2026
18.71% operating margin is respectable but not wide. ROIC at 28.14%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 12.7%, still solid. Margins contracted 4.0pp, which offsets some of the top-line progress.
At 29x earnings, the current multiple leaves limited room for execution misses or growth deceleration. ROIC dropped from 32.74% to 28.14%, capital efficiency is deteriorating.
29.1x earnings, 16.1x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (FY)
$17.40B
▲ +12.7% YoY
Net Income (FY)
$1.81B
▼ -36.3% YoY
Op. Margin
18.71%
▼ -4.0pp YoY
ROIC
28.14%
▼ -4.6pp YoY
Cash Flow & Balance Sheet
FCF (FY)
$3.20B
▲ +56.1% YoY
Op. Cash Flow (FY)
$3.71B
▲ +46.0% YoY
Net Debt
$58M
Cash & Equiv.
$213M
Continue Research
Is Honeywell Aerospace (HONA) overvalued?
At a P/E of 29.1 and a price-to-free-cash-flow of 16.1, Honeywell Aerospace (HONA) trades below a two-stage DCF intrinsic value of about $512.15 per share, so at $163.60 the stock looks undervalued (213.0% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Honeywell Aerospace scores 77/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology. This is analysis, not investment advice.
Frequently asked
What is Honeywell Aerospace's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $512.15 per share for HONA, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $384.11. At today's $163.60, that puts the stock about 213.0% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Honeywell Aerospace a high-quality business?+
Honeywell Aerospace scores 77 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 18.7% operating margin and a 28.1% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is Honeywell Aerospace a good stock to buy right now?+
That depends on valuation and quality together, not either alone. HONA currently trades below its estimated intrinsic value and scores 77/100 on quality (solid). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.