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HWM - Howmet Aerospace Inc.

NYSE -> Industrials -> Specialty Industrial Machinery
Pittsburgh, United States
Type: Equity

HWM price evolution
HWM
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $610 $424 $535 $537
Short term investments
Net receivables $692 $727 $671 $671
Inventory $1765 $1748 $1715 $1662
Total current assets $3316 $3111 $3128 $3057
Long term investments
Property, plant & equipment $2328 $2296 $2319 $2321
Goodwill & intangible assets $4540 $4514 $4539 $4542
Total noncurrent assets $7112 $7055 $7105 $7117
Total investments
Total assets $10428 $10166 $10233 $10174
Current liabilities
Accounts payable $982 $894 $881 $877
Deferred revenue
Short long term debt $206
Total current liabilities $1784 $1454 $1410 $1403
Long term debt $3500 $3794 $3989 $3988
Total noncurrent liabilities $4607 $4840 $5048 $5010
Total debt $3706 $3794 $3989 $3988
Total liabilities $6391 $6294 $6458 $6413
Shareholders' equity
Retained earnings $1720 $1485 $1334 $1159
Other shareholder equity -$1830 -$1850 -$1808 -$1806
Total shareholder equity $4037 $3872 $3775 $3761
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $610 $791 $720 $1610
Short term investments
Net receivables $692 $537 $420 $357
Inventory $1765 $1609 $1402 $1488
Total current assets $3316 $3143 $2737 $3672
Long term investments
Property, plant & equipment $2328 $2443 $2467 $2592
Goodwill & intangible assets $4540 $4534 $4616 $4673
Total noncurrent assets $7112 $7112 $7482 $7771
Total investments
Total assets $10428 $10255 $10219 $11443
Current liabilities
Accounts payable $982 $962 $732 $599
Deferred revenue
Short long term debt $206 $5 $376
Total current liabilities $1784 $1482 $1253 $1660
Long term debt $3500 $4162 $4227 $4699
Total noncurrent liabilities $4607 $5172 $5458 $6206
Total debt $3706 $4162 $4232 $5075
Total liabilities $6391 $6654 $6711 $7866
Shareholders' equity
Retained earnings $1720 $1028 $603 $364
Other shareholder equity -$1830 -$1841 -$1863 -$1943
Total shareholder equity $4037 $3601 $3508 $3577
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $1731 $1658 $1648 $1603
Cost of revenue $1230 $1183 $1196 $1164
Gross Profit $501 $475 $452 $439
Operating activities
Research & development $9 $9 $9 $9
Selling, general & administrative $83 $87 $88 $75
Total operating expenses $175 $168 $167 $154
Operating income $326 $307 $285 $285
Income from continuing operations
EBIT $322 $296 $298 $277
Income tax expense $34 $54 $50 $72
Interest expense $52 $54 $55 $57
Net income
Net income $236 $188 $193 $148
Income (for common shares) $236 $188 $193 $148
(in millions $) 31 Dec 2023 31 Dec 2022 31 Jan 2022 31 Dec 2020
Revenue
Total revenue $6640 $5663 $5259
Cost of revenue $4773 $4103 $3878
Gross Profit $1867 $1560 $1381
Operating activities
Research & development $36 $32 $17
Selling, general & administrative $333 $288 $277
Total operating expenses $664 $641 $755
Operating income $1203 $919 $626
Income from continuing operations
EBIT $1193 $835 $602
Income tax expense $210 $137 -$40
Interest expense $218 $229 $381
Net income
Net income $765 $469 $261
Income (for common shares) $765 $469 $261
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $236 $188 $193 $148
Operating activities
Depreciation $68 $68 $67 $69
Business acquisitions & disposals $1 $1
Stock-based compensation $11 $13 $12 $14
Total cash flows from operations $458 $191 $229 $23
Investing activities
Capital expenditures -$55 -$59 -$41 -$64
Investments $2
Total cash flows from investing -$52 -$58 -$41 -$64
Financing activities
Dividends paid -$21 -$17 -$18 -$17
Sale and purchase of stock -$99 -$24 -$97 -$19
Net borrowings -$102 -$200 -$177
Total cash flows from financing -$222 -$243 -$189 -$214
Effect of exchange rate $1 -$1 -$1 $1
Change in cash and equivalents $185 -$111 -$2 -$254
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $765 $469 $258 $261
Operating activities
Depreciation $272 $265 $270 $338
Business acquisitions & disposals $2 $58 $32 $114
Stock-based compensation $50 $54 $41 $45
Total cash flows from operations $901 $733 $449 $9
Investing activities
Capital expenditures -$219 -$193 -$199 -$267
Investments $2 $273 $422
Total cash flows from investing -$215 -$135 $107 $271
Financing activities
Dividends paid -$73 -$44 -$19 -$11
Sale and purchase of stock -$239 -$384 -$408 -$40
Net borrowings -$479 -$76 -$996 $222
Total cash flows from financing -$868 -$526 -$1444 -$369
Effect of exchange rate -$2 -$1 -$3
Change in cash and equivalents -$182 $70 -$889 -$92
Fundamentals
Market cap $28.09B
Enterprise value $31.18B
Shares outstanding 410.46M
Revenue $6.64B
EBITDA $1.47B
EBIT $1.19B
Net Income $765.00M
Revenue Q/Q 14.41%
Revenue Y/Y 17.25%
P/E ratio 36.72
EV/Sales 4.70
EV/EBITDA 21.29
EV/EBIT 26.14
P/S ratio 4.23
P/B ratio 4.79
Book/Share 14.29
Cash/Share 1.49
EPS $1.86
ROA 7.46%
ROE 19.81%
Debt/Equity 1.58
Net debt/EBITDA 3.95
Current ratio 1.86
Quick ratio 0.87