Honeywell International Inc. logo HON - Honeywell International Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 18
HOLD 9
SELL 1
STRONG
SELL
0
| PRICE TARGET: $254.00 DETAILS
HIGH: $276.00
LOW: $233.00
MEDIAN: $255.00
CONSENSUS: $254.00
UPSIDE: 12.18%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 65% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Fair Value Mild
Trading 8.9% below fair value
Current Price $226.42
Bear Case $198.90 12.2% downside ($198.90 - $226.42) / $226.42 = -12.2% $16.45 × 12x P/E
Fair Value $248.62 9.8% upside ($248.62 - $226.42) / $226.42 = 9.8% $16.45 × 15x P/E
Bull Case $298.34 31.8% upside ($298.34 - $226.42) / $226.42 = 31.8% $16.45 × 18x P/E

Adjust Assumptions

15.0x
16.45$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 13.8x

Plain-Language Summary

Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $254.00 from 28 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $248.62 per share.

Warnings

Dividend-based valuation: $121.03 (below our primary estimate by 51%). Large gaps may signal the dividend doesn't reflect full earning power.

Key Risks

  • Growth DCF inappropriate — terminal value assumptions dominate
  • EV/EBITDA misleading for regulated businesses where capex is mandated
  • Regulatory risk is a fat tail not visible in normal multiples