Stock Analysis on Net

Honeywell International Inc. (NASDAQ:HON)

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

Honeywell International Inc., current enterprise value calculation

Microsoft Excel
Current share price (P) $205.13
No. shares of common stock outstanding 652,181,812
US$ in millions
Common equity (market value)1 133,782
Add: Noncontrolling interest (per books) 578
Total equity 134,360
Add: Commercial paper and other short-term borrowings (per books) 2,085
Add: Current maturities of long-term debt (per books) 1,796
Add: Long-term debt, excluding current maturities (per books) 16,562
Total equity and debt 154,803
Less: Cash and cash equivalents 7,925
Less: Short-term investments 170
Enterprise value (EV) 146,708

Based on: 10-K (reporting date: 2023-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 205.13 × 652,181,812


Historical Enterprise Value (EV)

Honeywell International Inc., EV calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Share price1, 2 $197.17 $200.47 $186.99 $203.57 $180.81
No. shares of common stock outstanding1 652,181,812 668,140,252 685,818,771 695,501,159 712,599,803
US$ in millions
Common equity (market value)3 128,591 133,942 128,241 141,583 128,845
Add: Noncontrolling interest (book value) 578 622 673 241 212
Total equity 129,169 134,564 128,914 141,824 129,057
Add: Commercial paper and other short-term borrowings (book value) 2,085 2,717 3,542 3,597 3,516
Add: Current maturities of long-term debt (book value) 1,796 1,730 1,803 2,445 1,376
Add: Long-term debt, excluding current maturities (book value) 16,562 15,123 14,254 16,342 11,110
Total equity and debt 149,612 154,134 148,513 164,208 145,059
Less: Cash and cash equivalents 7,925 9,627 10,959 14,275 9,067
Less: Short-term investments 170 483 564 945 1,349
Enterprise value (EV) 141,517 144,024 136,990 148,988 134,643

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 Data adjusted for splits and stock dividends.

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

3 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 197.17 × 652,181,812

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 2021 to 2022 but then slightly decreased from 2022 to 2023.