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Howmet Aerospace Inc Stock Research

HWM

40.40USD-0.11(-0.27%)Market Closed

Market Summary

USD40.40-0.11
Market Closed
-0.27%

HWM Alerts

HWM Stock Price

HWM RSI Chart

HWM Valuation

Market Cap

16.8B

Price/Earnings (Trailing)

35.75

Price/Sales (Trailing)

2.96

EV/EBITDA

18.31

Price/Free Cashflow

31.05

HWM Price/Sales (Trailing)

HWM Profitability

EBT Margin

10.70%

Return on Equity

13.02%

Return on Assets

4.57%

Free Cashflow Yield

3.22%

HWM Fundamentals

HWM Revenue

Revenue (TTM)

5.7B

Revenue Y/Y

17.74%

Revenue Q/Q

5.58%

HWM Earnings

Earnings (TTM)

469.0M

Earnings Y/Y

44.16%

Earnings Q/Q

38.75%

Price Action

52 Week Range

29.8444.37
(Low)(High)

Last 7 days

-0.1%

Last 30 days

-4.0%

Last 90 days

3.4%

Trailing 12 Months

10.0%

HWM Financial Health

Current Ratio

2.12

Debt/Equity

1.16

Debt/Cashflow

0.18

HWM Investor Care

Dividend Yield

0.25%

Dividend/Share (TTM)

0.1

Buy Backs (1Y)

3.26%

Diluted EPS (TTM)

1.13

Peers (Alternatives to Howmet Aerospace)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
122.4B
66.0B
-2.56% 5.52%
21.35
1.85
-1.58% -9.23%
117.3B
66.6B
-4.22% 5.81%
-23.77
1.76
6.94% -17.44%
60.5B
39.4B
-5.58% -6.48%
17.86
1.54
2.44% 4.08%
16.8B
5.7B
-4.02% 9.99%
35.75
2.96
13.90% 81.78%
MID-CAP
7.9B
10.7B
-10.63% -1.25%
13.6
0.74
12.10% 6.43%
6.4B
2.6B
-2.62% 9.17%
21.78
2.51
2.04% 10.18%
5.6B
1.6B
-5.36% 16.71%
44.69
3.58
19.10% 684.47%
5.6B
2.2B
2.01% 12.51%
23.35
2.49
5.12% -22.13%
3.8B
1.6B
-1.73% 36.15%
-25.17
2.35
-9.32% -426.09%
3.4B
3.0B
-6.86% 39.80%
4.73
1.13
16.39% 32.58%
SMALL-CAP
678.6M
1.4B
-16.88% -60.14%
7.03
0.49
-10.88% 191.35%
601.1M
688.0M
-13.37% -51.39%
-13
0.87
-2.97% -205.84%
496.3M
321.6M
-7.37% -9.19%
29.25
1.52
-9.60% -19.31%
19.2M
422.0K
-7.79% 1451.81%
-2.11
45.39
-48.03% -12.24%

Financials for Howmet Aerospace

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue4.2%5,6635,4355,2855,0874,972
  S&GA Expenses0.7%288286283255251
  R&D Expenses18.5%32.0027.0024.0019.0017.00
EBITDA6.7%1,1001,031959400-
EBITDA Margin2.4%0.19*0.19*0.18*0.08*-
Earnings Before Taxes13.1%606536455382324
EBT Margin8.5%0.11*0.10*0.09*0.08*-
Interest Expenses-0.4%229230236245259
Net Income7.8%469435382309258
Net Income Margin3.5%0.08*0.08*0.07*0.06*-
Free Cahsflow45.2%540372369304-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets3.3%10,2559,92910,05210,12910,219
  Current Assets10.4%3,1432,8462,8372,7822,737
    Cash Equivalents74.6%791453537520720
  Inventory-0.2%1,6091,6121,5631,4831,402
  Net PPE1.9%2,3322,2882,3402,4002,467
  Goodwill1.2%4,0133,9654,0124,0534,067
Liabilities0.0%6,6546,6566,6316,6726,711
  Current Liabilities7.3%1,4821,3811,3221,2551,253
.    Short Term Borrowings-100.0%-1.001.003.005.00
  Long Term Debt-0.2%4,1624,1704,1694,2284,227
    LT Debt, Current0%1.001.003.005.00-
    LT Debt, Non Current0.0%4,1704,1694,2284,227-
Shareholder's Equity10.0%3,6013,2733,4213,4573,508
  Retained Earnings12.1%1,028917863725603
  Additional Paid-In Capital-1.3%3,9473,9984,0794,1234,291
Shares Outstanding-0.5%415417419--
Minority Interest------
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations26.2%733581583510449
Cashflow From Investing5.6%-135-143-52.0043.00107
Cashflow From Financing25.6%-526-707-707-1,270-1,444
  Buy Backs-25.9%400540465605430

Risks for HWM

What is the probability of a big loss on HWM?

52.7%


Probability that Howmet Aerospace stock will be more than 20% underwater in next one year

37.3%


Probability that Howmet Aerospace stock will be more than 30% underwater in next one year.

34.2%


Probability that Howmet Aerospace stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does HWM drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Howmet Aerospace was unfortunately bought at previous high price.

Drawdowns

Returns for HWM

Cumulative Returns on HWM

8.4%


10-Year Cumulative Returns

9.7%


7-Year Cumulative Returns

18.7%


5-Year Cumulative Returns

63.9%


3-Year Cumulative Returns

What are the long-term rolling returns for HWM?

FIve years rolling returns for Howmet Aerospace.

Annualized Returns

Which funds bought or sold HWM recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
10.63
8,743,310
30,091,300
0.03%
2023-03-10
MATHER GROUP, LLC.
new
-
223,192
223,192
-%
2023-03-06
Rockefeller Capital Management L.P.
added
136
64,000
95,000
-%
2023-02-28
Voya Investment Management LLC
added
5.43
29,328,400
114,731,000
0.16%
2023-02-27
Parallax Volatility Advisers, L.P.
sold off
-100
-3,863,000
-
-%
2023-02-24
NATIXIS
sold off
-100
-704,000
-
-%
2023-02-24
National Pension Service
added
0.49
6,726,700
30,750,400
0.06%
2023-02-24
SRS Capital Advisors, Inc.
unchanged
-
945
3,945
-%
2023-02-22
CVA Family Office, LLC
reduced
-15.66
794
13,794
-%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
292,000
1,357,000
0.01%

1–10 of 45

Latest Funds Activity

Are funds buying HWM calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own HWM
No. of Funds

Howmet Aerospace News

MarketBeat

Brokers Set Expectations for Howmet Aerospace Inc.'s Q1 2023 ....

MarketBeat,
13 hours ago

Yahoo Finance

12 Best Aerospace Stocks To Buy.

Yahoo Finance,
9 days ago

Stansberry Research

Schedule 13G FIlings of Howmet Aerospace

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 23, 2023
elliott investment management l.p.
7.6%
31,211,789
SC 13D/A
Feb 09, 2023
vanguard group inc
10.27%
42,507,281
SC 13G/A
Jan 06, 2023
blackrock inc.
10.1%
41,699,014
SC 13G
Sep 09, 2022
vanguard group inc
10.06%
41,783,188
SC 13G/A
Aug 31, 2022
elliott investment management l.p.
8.8%
36,581,922
SC 13D/A
Feb 14, 2022
orbis investment management ltd
4.3%
18,232,114
SC 13G/A
Feb 10, 2022
vanguard group inc
9.65%
41,227,658
SC 13G/A
Feb 01, 2022
blackrock inc.
8.3%
35,653,055
SC 13G/A
Jun 03, 2021
elliott investment management l.p.
9.7%
41,565,658
SC 13D/A
Feb 16, 2021
orbis investment management ltd
6.5%
5,245
SC 13G/A

HWM Fair Value

Howmet Aerospace fair value in different scenarios

The table shows the Fair Value estimates for Howmet Aerospace for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

5.28

-86.93%

7.53

-81.36%

8.27

-79.53%

9.29

-77.00%

10.87

-73.09%
Current Inflation

3.60

-91.09%

4.52

-88.81%

5.51

-86.36%

7.15

-82.30%

8.22

-79.65%
Very High Inflation

4.90

-87.87%

6.69

-83.44%

7.01

-82.65%

7.76

-80.79%

8.89

-78.00%

Historical Howmet Aerospace Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Howmet Aerospace

View All Filings
Date Filed Form Type Document
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4/A
Insider Trading
Mar 02, 2023
4
Insider Trading
Feb 27, 2023
8-K
Current Report
Feb 24, 2023
4
Insider Trading
Feb 23, 2023
SC 13D/A
13D - Major Acquisition
Feb 21, 2023
4
Insider Trading
Feb 21, 2023
4
Insider Trading
Feb 21, 2023
4
Insider Trading
Feb 21, 2023
4
Insider Trading

Latest Insider Trading transactions for HWM

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-06
Marchuk Neil Edward
sold
-2,485,580
43.6066
-57,000
evp, hr
2023-02-23
Shultz Barbara Lou
acquired
110,400
23.86
4,627
vice president and controller
2023-02-23
Shultz Barbara Lou
sold
-195,078
42.1607
-4,627
vice president and controller
2023-02-16
Shultz Barbara Lou
acquired
-
-
2,038
vice president and controller
2023-02-16
Giacobbe Ken
acquired
4,790,090
43.0729
111,209
evp and cfo
2023-02-16
Giacobbe Ken
sold
-4,790,090
43.0729
-111,209
evp and cfo
2023-02-16
Marchuk Neil Edward
acquired
-
-
16,764
evp, hr
2023-02-16
CHANATRY MICHAEL NIEM
acquired
-
-
5,588
vice president
2023-02-16
Giacobbe Ken
acquired
-
-
16,299
evp and cfo
2023-02-16
LIN LOLA FELICE
acquired
-
-
11,176
evp, cl&co and secretary

1–10 of 50

John C. Plant
19900
Howmet Aerospace Inc. provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. The Engine Products segment offers airfoils and seamless rolled rings primarily for aircraft engines and industrial gas turbines; and rotating parts, as well as structural parts. The Fastening Systems segment produces aerospace fastening systems, as well as commercial transportation, industrial, and other fasteners. The Engineered Structures segment provides titanium ingots and mill products for aerospace and defense applications; and aluminum and nickel forgings, and machined components and assemblies. The Forged Wheels segment offers forged aluminum wheels and related products for heavy-duty trucks and commercial transportation markets. The company was formerly known as Arconic Inc. The company was founded in 1888 and is based in Pittsburgh, Pennsylvania.

HWM Income Statement

2022-12-31
Statement of Consolidated Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]   
Sales (D)$ 5,663$ 4,972$ 5,259
Cost of goods sold (exclusive of expenses below)4,1033,5963,878
Selling, general administrative, and other expenses288251277
Research and development expenses321717
Provision for depreciation and amortization265270279
Restructuring and other charges5690182
Operating income919748626
Loss on debt redemption (R)214664
Interest expense, net (F)229259317
Other expense, net (G)821974
Income from continuing operations before income taxes606324171
Provision (benefit) for income taxes (I)13766(40)
Net income from continuing operations attributable to common shareholders469258211
Income from discontinued operations after income taxes (C)0050
Net income469258261
Amounts Attributable to Howmet Aerospace Inc. Common Shareholders (K):   
Net income$ 467$ 256$ 259
Earnings per share - basic   
Continuing operations (in usd per share)$ 1.12$ 0.60$ 0.48
Discontinued operations (in usd per share)000.11
Earnings per share - diluted   
Continuing operations (in usd per share)1.110.590.48
Discontinued operations (in usd per share)$ 0$ 0$ 0.11
Average Shares Outstanding (J):   
Average shares outstanding - basic (in shares)416430435
Average shares outstanding - diluted (in shares)421435439

HWM Balance Sheet

2022-12-31
Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 791$ 720
Receivables from customers, less allowances of $1 in 2022 and $— in 2021 (M)506367
Other receivables (M)3153
Inventories (N)1,6091,402
Prepaid expenses and other current assets206195
Total current assets3,1432,737
Properties, plants, and equipment, net (O)2,3322,467
Goodwill (A and P)4,0134,067
Deferred income taxes (I)54184
Intangibles, net (P)521549
Other noncurrent assets (A and Q)192215
Total assets10,25510,219
Current liabilities:  
Accounts payable, trade962732
Accrued compensation and retirement costs195198
Taxes, including income taxes4861
Accrued interest payable7574
Other current liabilities (A and Q)202183
Short-term debt (R and S)05
Total current liabilities1,4821,253
Long-term debt, less amount due within one year (R and S)4,1624,227
Accrued pension benefits (H)633771
Accrued other postretirement benefits (H)109153
Other noncurrent liabilities and deferred credits (A and Q)268307
Total liabilities6,6546,711
Contingencies and commitments (V)
Howmet Aerospace Inc. shareholders’ equity:  
Preferred stock (J)5555
Common stock (J)412422
Additional capital (J)3,9474,291
Retained earnings (A)1,028603
Accumulated other comprehensive loss (A and L)(1,841)(1,863)
Total equity3,6013,508
Total liabilities and equity$ 10,255$ 10,219