Stock Analysis on Net

Honeywell International Inc. (NASDAQ:HON)

Enterprise Value (EV) 

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Current Enterprise Value (EV)

Honeywell International Inc., current enterprise value calculation

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Current share price (P) $175.11
No. shares of common stock outstanding 680,732,930
US$ in millions
Common equity (market value)1 119,203 
Add: Noncontrolling interest (per books) 673 
Total equity 119,876 
Add: Commercial paper and other short-term borrowings (per books) 3,542 
Add: Current maturities of long-term debt (per books) 1,803 
Add: Long-term debt, excluding current maturities (per books) 14,254 
Total equity and debt 139,475 
Less: Cash and cash equivalents 10,959 
Less: Short-term investments 564 
Enterprise value (EV) 127,952 

Based on: 10-K (reporting date: 2021-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 175.11 × 680,732,930


Historical Enterprise Value (EV)

Honeywell International Inc., EV calculation

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Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Share price1, 2 $186.99 $203.57 $180.81 $148.61 $147.90
No. shares of common stock outstanding1 685,818,771 695,501,159 712,599,803 729,085,890 752,002,033
US$ in millions
Common equity (market value)3 128,241  141,583  128,845  108,349  111,221 
Add: Noncontrolling interest (book value) 673  241  212  178  163 
Total equity 128,914  141,824  129,057  108,527  111,384 
Add: Commercial paper and other short-term borrowings (book value) 3,542  3,597  3,516  3,586  3,958 
Add: Current maturities of long-term debt (book value) 1,803  2,445  1,376  2,872  1,351 
Add: Long-term debt, excluding current maturities (book value) 14,254  16,342  11,110  9,756  12,573 
Total equity and debt 148,513  164,208  145,059  124,741  129,266 
Less: Cash and cash equivalents 10,959  14,275  9,067  9,287  7,059 
Less: Short-term investments 564  945  1,349  1,623  3,758 
Enterprise value (EV) 136,990  148,988  134,643  113,831  118,449 

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Honeywell International Inc. Annual Report.

3 2021 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 186.99 × 685,818,771

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. Honeywell International Inc. EV increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.