Howmet Aerospace Inc.'s (NYSE:HWM) Intrinsic Value Is Potentially 99% Above Its Share Price
Jul 03
U.S. Aerospace & Defense Industry Analysis
UpdatedJul 09, 2024
DataAggregated Company Financials
Companies76
- 7D1.0%
- 3M2.5%
- 1Y18.6%
- YTD13.3%
Over the last 7 days, the Aerospace & Defense industry has remained flat. As for the the longer term, the industry is up 19% over the past 12 months. Earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the U.S. Aerospace & Defense Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 09 Jul 2024 | US$789.0b | US$381.1b | US$24.0b | 34.5x | 32.8x | 2.1x |
| Thu, 06 Jun 2024 | US$810.1b | US$381.1b | US$23.9b | 32.3x | 34x | 2.1x |
| Sat, 04 May 2024 | US$795.6b | US$380.4b | US$23.7b | 29.4x | 33.6x | 2.1x |
| Mon, 01 Apr 2024 | US$605.8b | US$303.9b | US$18.8b | 32.4x | 32.1x | 2x |
| Wed, 28 Feb 2024 | US$574.4b | US$303.5b | US$18.6b | 31.6x | 30.9x | 1.9x |
| Fri, 26 Jan 2024 | US$577.5b | US$304.9b | US$20.8b | 28.8x | 27.8x | 1.9x |
| Sun, 24 Dec 2023 | US$574.7b | US$302.1b | US$20.9b | 28.3x | 27.5x | 1.9x |
| Tue, 21 Nov 2023 | US$552.3b | US$301.6b | US$20.9b | 27.9x | 26.5x | 1.8x |
| Thu, 19 Oct 2023 | US$543.3b | US$301.5b | US$22.3b | 25.7x | 24.3x | 1.8x |
| Sat, 16 Sep 2023 | US$526.4b | US$305.9b | US$22.9b | 25.2x | 23x | 1.7x |
| Mon, 14 Aug 2023 | US$561.7b | US$305.7b | US$22.8b | 25.9x | 24.7x | 1.8x |
| Wed, 12 Jul 2023 | US$582.2b | US$298.0b | US$21.6b | 25.8x | 26.9x | 2x |
| Fri, 09 Jun 2023 | US$573.0b | US$300.3b | US$21.9b | 24.6x | 26.2x | 1.9x |
| Sun, 07 May 2023 | US$561.5b | US$298.4b | US$22.0b | 22.9x | 25.5x | 1.9x |
| Tue, 04 Apr 2023 | US$588.5b | US$294.7b | US$21.8b | 24.4x | 27x | 2x |
| Thu, 02 Mar 2023 | US$583.5b | US$293.0b | US$21.7b | 23.5x | 26.9x | 2x |
| Sat, 28 Jan 2023 | US$576.6b | US$291.9b | US$22.2b | 25.2x | 26x | 2x |
| Mon, 26 Dec 2022 | US$595.0b | US$287.1b | US$22.2b | 24.1x | 26.8x | 2.1x |
| Wed, 23 Nov 2022 | US$593.2b | US$284.2b | US$22.0b | 31.7x | 26.9x | 2.1x |
| Fri, 21 Oct 2022 | US$556.0b | US$281.2b | US$22.8b | 27.8x | 24.4x | 2x |
| Sun, 18 Sep 2022 | US$538.5b | US$280.7b | US$21.7b | 27x | 24.9x | 1.9x |
| Tue, 16 Aug 2022 | US$573.5b | US$280.6b | US$21.6b | 24x | 26.5x | 2x |
| Thu, 14 Jul 2022 | US$537.8b | US$285.6b | US$22.4b | 19.1x | 24x | 1.9x |
| Sat, 11 Jun 2022 | US$559.4b | US$284.8b | US$22.4b | 19.8x | 25x | 2x |
| Mon, 09 May 2022 | US$573.0b | US$284.6b | US$20.5b | 21.6x | 28x | 2x |
| Wed, 06 Apr 2022 | US$593.6b | US$285.3b | US$22.5b | 22.4x | 26.4x | 2.1x |
| Fri, 04 Mar 2022 | US$592.1b | US$287.6b | US$22.6b | 21.6x | 26.2x | 2.1x |
| Sun, 30 Jan 2022 | US$520.9b | US$285.3b | US$21.9b | 19.5x | 23.8x | 1.8x |
| Tue, 28 Dec 2021 | US$514.4b | US$286.0b | US$18.8b | 19.1x | 27.3x | 1.8x |
| Thu, 25 Nov 2021 | US$517.6b | US$286.3b | US$18.8b | 18.8x | 27.5x | 1.8x |
| Sat, 23 Oct 2021 | US$550.2b | US$284.5b | US$19.8b | 20.6x | 27.8x | 1.9x |
| Mon, 20 Sep 2021 | US$503.7b | US$284.4b | US$20.1b | 21.1x | 25.1x | 1.8x |
| Wed, 18 Aug 2021 | US$509.6b | US$284.4b | US$20.1b | 20.2x | 25.3x | 1.8x |
Price to Earnings Ratio
25.9x
Current Industry PE
- Investors are optimistic on the American Aerospace & Defense industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 32.8x which is higher than its 3-year average PE of 26.9x.
- The industry is trading close to its 3-year average PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Aerospace & Defense industry have grown 6.1% per year over the last three years.
- Revenues for these companies have grown 10% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.S. Industrials industry?
| US Market | 1.77% | |
| Industrials | 0.74% | |
| Aerospace & Defense | 0.98% | |
| Aerospace and Defense | 0.98% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GE General Electric | US$163.53 | 2.9% +US$5.0b | 48.0% | PE42.7x | |
| HWM Howmet Aerospace | US$80.47 | 4.1% +US$1.3b | 60.2% | PE38.3x | |
| TDG TransDigm Group | US$1.27k | 1.6% +US$1.1b | 44.3% | PE49.1x | |
| HEI HEICO | US$228.19 | 3.4% +US$1.1b | 30.4% | PE71.3x | |
| AXON Axon Enterprise | US$302.48 | 4.6% +US$1.0b | 54.8% | PE87x |