(HWM) Howmet Aerospace - Overview

Sector: Industrials | Industry: Aerospace & Defense | Exchange: NYSE MKT (USA) | Market Cap: 92.780m USD | Total Return: 74.2% in 12m

Stock Engine Parts, Fasteners, Structures, Wheels
Total Rating 86
Risk 92
Buy Signal 0.12
Aerospace & Defense -12.6
Aerospace & Defense -11.8
Market Cap: 92,780m
Avg Trading Vol: 548M USD
ATR: 3.58%
Peers RS (IBD): 71.9
Risk 5d forecast
Volatility43.8%
Rel. Tail Risk-12.7%
Reward TTM
Sharpe Ratio1.76
Alpha53.90
Character TTM
Beta1.414
Beta Downside1.091
Drawdowns 3y
Max DD19.41%
CAGR/Max DD4.00
EPS (Earnings per Share) EPS (Earnings per Share) of HWM over the last years for every Quarter: "2021-03": 0.22, "2021-06": 0.22, "2021-09": 0.27, "2021-12": 0.3, "2022-03": 0.31, "2022-06": 0.35, "2022-09": 0.36, "2022-12": 0.38, "2023-03": 0.42, "2023-06": 0.44, "2023-09": 0.46, "2023-12": 0.53, "2024-03": 0.57, "2024-06": 0.67, "2024-09": 0.81, "2024-12": 0.74, "2025-03": 0.86, "2025-06": 0.91, "2025-09": 0.95, "2025-12": 1.05,
EPS CAGR: 38.45%
EPS Trend: 99.1%
Last SUE: 2.36
Qual. Beats: 4
Revenue Revenue of HWM over the last years for every Quarter: 2021-03: 1209, 2021-06: 1195, 2021-09: 1283, 2021-12: 1285, 2022-03: 1324, 2022-06: 1393, 2022-09: 1433, 2022-12: 1513, 2023-03: 1603, 2023-06: 1648, 2023-09: 1658, 2023-12: 1731, 2024-03: 1824, 2024-06: 1880, 2024-09: 1835, 2024-12: 1891, 2025-03: 1942, 2025-06: 2053, 2025-09: 2089, 2025-12: 2168,
Rev. CAGR: 14.05%
Rev. Trend: 98.7%
Last SUE: 1.16
Qual. Beats: 3
Description: HWM Howmet Aerospace

Howmet Aerospace Inc. (HWM) is a global provider of engineered solutions for the aerospace and transportation sectors. The companys business model focuses on manufacturing specialized components that require high precision and advanced materials.

HWM operates through four key segments. The Engine Products segment supplies airfoils and rings for aircraft engines and industrial gas turbines. The Fastening Systems segment produces aerospace fasteners and related components. The Engineered Structures segment provides titanium and aluminum forgings and machined parts for aerospace and defense applications. The Forged Wheels segment manufactures aluminum wheels for heavy-duty trucks and commercial transportation, a market driven by demand for lightweight and durable vehicle components.

The aerospace and defense industry, a primary market for HWM, is characterized by long product lifecycles and stringent regulatory requirements. To explore detailed financial metrics and competitive analysis for Howmet Aerospace Inc., consider reviewing its profile on ValueRay.

Headlines to Watch Out For
  • Aircraft production rates dictate engine and airframe component demand
  • Raw material costs impact profitability across all segments
  • Commercial aerospace recovery drives fastener and structural component sales
  • Defense spending influences titanium and aluminum product orders
  • Automotive and trucking industry demand affects forged wheel sales
Piotroski VR‑10 (Strict) 9.0
Net Income: 1.51b TTM > 0 and > 6% of Revenue
FCF/TA: 0.11 > 0.02 and ΔFCF/TA 1.54 > 1.0
NWC/Revenue: 24.33% < 20% (prev 24.40%; Δ -0.07% < -1%)
CFO/TA 0.17 > 3% & CFO 1.88b > Net Income 1.51b
Net Debt (2.31b) to EBITDA (2.38b): 0.97 < 3
Current Ratio: 2.13 > 1.5 & < 3
Outstanding Shares: last quarter (404.0m) vs 12m ago -0.98% < -2%
Gross Margin: 30.74% > 18% (prev 0.28%; Δ 3.05k% > 0.5%)
Asset Turnover: 76.06% > 50% (prev 70.63%; Δ 5.43% > 0%)
Interest Coverage Ratio: 13.91 > 6 (EBITDA TTM 2.38b / Interest Expense TTM 151.0m)
Altman Z'' 4.18
A: 0.18 (Total Current Assets 3.78b - Total Current Liabilities 1.77b) / Total Assets 11.18b
B: 0.37 (Retained Earnings 4.09b / Total Assets 11.18b)
C: 0.19 (EBIT TTM 2.10b / Avg Total Assets 10.85b)
D: 0.48 (Book Value of Equity 2.82b / Total Liabilities 5.83b)
Altman-Z'' Score: 4.18 = AA
Beneish M -3.08
DSRI: 1.01 (Receivables 796.0m/709.0m, Revenue 8.25b/7.43b)
GMI: 0.90 (GM 30.74% / 27.54%)
AQI: 0.98 (AQ_t 0.43 / AQ_t-1 0.44)
SGI: 1.11 (Revenue 8.25b / 7.43b)
TATA: -0.03 (NI 1.51b - CFO 1.88b) / TA 11.18b)
Beneish M-Score: -3.08 (Cap -4..+1) = AA
What is the price of HWM shares? As of April 03, 2026, the stock is trading at USD 230.46 with a total of 2,191,522 shares traded.
Over the past week, the price has changed by +0.94%, over one month by -12.23%, over three months by +9.97% and over the past year by +74.20%.
Is HWM a buy, sell or hold? Howmet Aerospace has received a consensus analysts rating of 4.40. Therefore, it is recommended to buy HWM.
  • StrongBuy: 15
  • Buy: 5
  • Hold: 5
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the HWM price?
Wallstreet Target Price 280 21.5%
Analysts Target Price 280 21.5%
HWM Fundamental Data Overview as of 03 April 2026
P/E Trailing = 62.1321
P/E Forward = 50.5051
P/S = 11.2434
P/B = 17.3176
P/EG = 0.8035
Revenue TTM = 8.25b USD
EBIT TTM = 2.10b USD
EBITDA TTM = 2.38b USD
Long Term Debt = 2.86b USD (from longTermDebt, last quarter)
Short Term Debt = 191.0m USD (from shortTermDebt, last quarter)
Debt = 3.05b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.31b USD (from netDebt column, last quarter)
Enterprise Value = 95.09b USD (92.78b + Debt 3.05b - CCE 742.0m)
Interest Coverage Ratio = 13.91 (Ebit TTM 2.10b / Interest Expense TTM 151.0m)
EV/FCF = 78.59x (Enterprise Value 95.09b / FCF TTM 1.21b)
FCF Yield = 1.27% (FCF TTM 1.21b / Enterprise Value 95.09b)
FCF Margin = 14.66% (FCF TTM 1.21b / Revenue TTM 8.25b)
Net Margin = 18.27% (Net Income TTM 1.51b / Revenue TTM 8.25b)
Gross Margin = 30.74% ((Revenue TTM 8.25b - Cost of Revenue TTM 5.71b) / Revenue TTM)
Gross Margin QoQ = 31.50% (prev 31.21%)
Tobins Q-Ratio = 8.51 (Enterprise Value 95.09b / Total Assets 11.18b)
Interest Expense / Debt = 1.21% (Interest Expense 37.0m / Debt 3.05b)
Taxrate = 13.49% (58.0m / 430.0m)
NOPAT = 1.82b (EBIT 2.10b * (1 - 13.49%))
Current Ratio = 2.13 (Total Current Assets 3.78b / Total Current Liabilities 1.77b)
Debt / Equity = 0.57 (Debt 3.05b / totalStockholderEquity, last quarter 5.35b)
Debt / EBITDA = 0.97 (Net Debt 2.31b / EBITDA 2.38b)
Debt / FCF = 1.91 (Net Debt 2.31b / FCF TTM 1.21b)
Total Stockholder Equity = 5.08b (last 4 quarters mean from totalStockholderEquity)
RoA = 13.90% (Net Income 1.51b / Total Assets 11.18b)
RoE = 29.67% (Net Income TTM 1.51b / Total Stockholder Equity 5.08b)
RoCE = 26.46% (EBIT 2.10b / Capital Employed (Equity 5.08b + L.T.Debt 2.86b))
RoIC = 22.04% (NOPAT 1.82b / Invested Capital 8.25b)
WACC = 10.64% (E(92.78b)/V(95.83b) * Re(10.96%) + D(3.05b)/V(95.83b) * Rd(1.21%) * (1-Tc(0.13)))
Discount Rate = 10.96% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.21%
[DCF] Terminal Value 73.46% ; FCFF base≈1.12b ; Y1≈1.38b ; Y5≈2.35b
[DCF] Fair Price = 59.09 (EV 26.00b - Net Debt 2.31b = Equity 23.69b / Shares 400.9m; r=10.64% [WACC]; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 99.12 | EPS CAGR: 38.45% | SUE: 2.36 | # QB: 4
Revenue Correlation: 98.66 | Revenue CAGR: 14.05% | SUE: 1.16 | # QB: 3
EPS next Quarter (2026-06-30): EPS=1.13 | Chg7d=-0.001 | Chg30d=+0.001 | Revisions Net=+9 | Analysts=18
EPS current Year (2026-12-31): EPS=4.60 | Chg7d=+0.003 | Chg30d=+0.010 | Revisions Net=+15 | Growth EPS=+22.1% | Growth Revenue=+12.2%
EPS next Year (2027-12-31): EPS=5.50 | Chg7d=-0.008 | Chg30d=+0.010 | Revisions Net=+15 | Growth EPS=+19.4% | Growth Revenue=+12.0%
[Analyst] Revisions Ratio: +0.82 (10 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 9.4% (Discount Rate 11.0% - Earnings Yield 1.6%)
[Growth] Growth Spread = +2.4% (Analyst 11.7% - Implied 9.4%)
External Resources
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