Howmet Aerospace Inc (HWM)
Fair ValueFundamental
67
Price
$226.18
Market Cap
$91.05B
Part 1 · What the company is worth
Overview
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 and structural parts. The Fastening Systems segment produces aerospace fastening systems, as well as commercial transportation, industrial, and other fasteners; and latches, bearings, fluid fittings, and installation tools. The Engineered Structures segment provides titanium ingots and mill products, aluminum and nickel forgings, and machined components and assemblies for aerospace and defense applications; and titanium forgings, extrusions, and forming and machining services for airframe, wing, aero-engine, and landing gear components. 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. Howmet Aerospace Inc. was founded in 1888 and is based in Pittsburgh, Pennsylvania.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated on September 18, 2026 with claude-haiku-4-5 — shared with all users
Its High Performance Materials & Components business supplies titanium and nickel-superalloy forgings and engine components to the same aero-engine and airframe programmes Howmet serves.
Named first in Howmet's own 10-K, it bids for the same jet-engine investment castings, forgings, structural parts and aerospace fasteners sold to the same engine makers and airframers.
A pure-play investment caster of aerospace and defence components, competing for the same airfoil and structural casting contracts from engine OEMs.
UK maker of superalloy castings and precision components for aero engines and industrial gas turbines, chasing the same turbine-hot-section work Howmet bids for.
The European reference in aerospace fasteners and assembly components, competing head-on with Howmet's Fastening Systems segment on Airbus and Boeing programmes.
Cited by Howmet as a leading rival in aluminium commercial-vehicle wheels, selling to the same truck and trailer fleets as the Forged Wheels segment.
Balance Sheet & Liquidity
Revenue
$9.12B
Trailing 12 months (through 6/30/2026)
Net Income
$1.87B
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$1.43B
Total Equity
$5.35B
Total Liabilities
$5.83B
Current Ratio
1.82
Interest Coverage
-
Debt/EBITDA
2.00
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$259.97
Current Price
$226.18
Margin of Safety
+13.0%
Fair Value Range
$191.90 - $328.04
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
48.75
ROE
28.2%
P/B Ratio
15.74
P/FCF
50.36
Gross Margin
-
ROIC
18.0%
Profitability Radar
Value Creation (Economic Moat)
ROIC
18.0%
WACC
11.1%
ROIC − WACC
+7.0 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Fundamental Analysis Criteria
Passed (19)
- EPS shows upward trend
- Price CAGR 32.08%
- ROIC 18.0%
- Debt/Equity ratio
- Operating Margin 27.4%
- Positive Free Cash Flow
- CapEx intensity
- Current Ratio
- Debt/EBITDA
- Return on Tangible Assets
- ROE 34.4%
- Revenue Growth 5Y 9.4%
- Analyst Consensus 82% Buy
- Earnings Surprise avg 6.6%
- PEG Ratio 1.10
- Earnings Quality (OCF/NI) 1.19
- Share Dilution -1.1%
- Net Margin Trend 20.5% vs 18.1%
- Piotroski F-Score 7/9
Failed (6)
- EPS CAGR 1.30%
- P/FCF 50.36
- P/B Ratio 15.74
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
Unavailable (3)
- Gross Margin NaN%
- Dividend Payout NaN%
- Interest Coverage
Piotroski F-Score
Strong financial health
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. John C. Plant FCA | Executive Chairman & CEO | 71 |
| Mr. Patrick Joseph Winterlich | Executive VP & CFO | 55 |
| Mr. Neil E. Marchuk | Executive VP & Chief Administrative Officer | 67 |
| Mr. Michael Niem Chanatry | VP & Chief Commercial Officer | 65 |
| Mr. W. Paul Myron | Vice President of Finance, Strategy & Operations | 59 |
| Mr. Paul Thomas Luther Jr. | Vice President of Investor Relations | - |
| Mr. Jonathan A. Arena | Executive VP, Chief Legal and Compliance Officer & Secretary | - |
| Ms. Ann Humphrey | Chief Human Resources Officer & VP | - |
| Mr. Randall Scheps | President of Forged Wheels | 57 |
| Ms. Margaret S. Lam Esq. | Assistant Secretary, Associate General Counsel and Chief Securities & Governance Counsel | - |
Audit Risk
7
Board Risk
5
Compensation Risk
10
Shareholder Rights Risk
4
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-12
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-08-06
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-08-06
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for HWM, sourced from Markets Gazette.
- 6/16/2026POSITIVE$1000 Invested In Howmet Aerospace 5 Years Ago Would Be Worth This Much Today
An investment of $1000 in Howmet Aerospace Inc. (HWM) five years ago would have yielded a significant return, now valued at approximately $3,500. This performance highlights the company's robust growth and market resilience over the past half-decade. Investors who held HWM stock have benefited from its strategic initiatives and operational efficiency, which have consistently driven shareholder value. The substantial appreciation suggests strong underlying business fundamentals and positive market sentiment towards the aerospace and defense sector, making it an attractive prospect for long-term investment.
- 5/7/2026POSITIVERelief Hits Aerospace ETFs As Howmet Shrugs Off Iran Conflict Risks
Howmet Aerospace Inc. has raised its full-year outlook, signaling resilience despite geopolitical tensions. The company reported first-quarter earnings that surpassed analyst expectations, with revenue climbing 5% year-over-year to $1.7 billion. This positive performance has eased concerns for aerospace exchange-traded funds (ETFs) that hold Howmet stock, mitigating worries about potential disruptions from regional conflicts. The company's ability to navigate these risks and deliver improved financial guidance suggests a robust operational framework and potential for continued growth, offering a positive signal to investors in the aerospace sector.
- 3/27/2026POSITIVE$100 Invested In Howmet Aerospace 5 Years Ago Would Be Worth This Much Today
An investment of $100 in Howmet Aerospace (HWM) five years ago would have yielded a significant return, demonstrating strong performance for the aerospace and defense manufacturer. While specific figures are not detailed in the provided snippet, the headline implies substantial growth, likely driven by factors such as increased defense spending, successful product development, and robust demand from the aerospace sector. Investors looking at HWM today might consider its historical performance as an indicator of its resilience and potential for future capital appreciation, especially within the context of a recovering global aviation market and ongoing geopolitical developments.
- 2/23/2026NEUTRALIf You Invested $100 In Howmet Aerospace Stock 5 Years Ago, You Would Have This Much Today
Analyzing past performance is a common exercise for investors looking to gauge a stock's trajectory. Articles that calculate the return on a hypothetical investment, as in the case of Howmet Aerospace, offer a historical perspective on the company's ability to generate shareholder value over the long term. Howmet Aerospace, a leader in engineered components for the aerospace and defense industries, has navigated various market cycles. However, it is crucial to remember that such analyses are purely retrospective and do not constitute a forecast for the future. Market conditions, competition, and corporate strategies can change dramatically. Therefore, while useful for context, this data does not represent an operational trading signal and should be supplemented with a thorough fundamental analysis of the company's future prospects.
via Markets Gazette