Definitive Analysis | Institutional-Grade Financial Research
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

Honeywell International Inc. Common Stock Ex Distribution When Issued (HONIV)

Company Dividend Discount ModelIndustry: ConglomeratesSector: Industrials

Valuation Snapshot

Stable Growth$75.53 - $111.50$92.77
Multi-Stage$117.53 - $128.79$123.06
Blended Fair Value$107.91
Current Price$193.93
Upside-44.36%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS3.51%6.75%4.494.424.214.064.013.783.513.282.962.67
YoY Growth--1.65%5.00%3.54%1.31%6.14%7.48%7.22%10.65%10.95%14.30%
Dividend Yield--2.31%2.28%2.17%2.09%2.07%1.95%1.81%1.69%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)6,129.00
(-) Cash Dividends Paid (M)2,955.00
(=) Cash Retained (M)3,174.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,225.80766.13459.68
Cash Retained (M)3,174.003,174.003,174.00
(-) Cash Required (M)-1,225.80-766.13-459.68
(=) Excess Retained (M)1,948.202,407.882,714.33
(/) Shares Outstanding (M)646.55646.55646.55
(=) Excess Retained per Share3.013.724.20
LTM Dividend per Share4.574.574.57
(+) Excess Retained per Share3.013.724.20
(=) Adjusted Dividend7.588.298.77
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate-0.86%0.14%1.14%
Fair Value$75.53$92.77$111.50
Upside / Downside-61.05%-52.16%-42.50%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)6,129.006,137.826,146.656,155.506,164.366,173.236,358.42
Payout Ratio48.21%56.57%64.93%73.29%81.64%90.00%92.50%
Projected Dividends (M)2,955.003,472.213,990.904,511.085,032.755,555.905,881.54

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate-0.86%0.14%1.14%
Year 1 PV (M)3,150.873,182.653,214.43
Year 2 PV (M)3,286.403,353.033,420.33
Year 3 PV (M)3,370.973,474.003,579.12
Year 4 PV (M)3,412.743,552.533,696.57
Year 5 PV (M)3,418.843,594.773,777.87
PV of Terminal Value (M)59,350.9062,405.0665,583.68
Equity Value (M)75,990.7279,562.0583,272.00
Shares Outstanding (M)646.55646.55646.55
Fair Value$117.53$123.06$128.79
Upside / Downside-39.39%-36.55%-33.59%

High-Yield Dividend Screener

« Prev Page 8 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
ACICAmerican Coastal Insurance Corporation4.24%$0.4828.28%
NCDLNuveen Churchill Direct Lending Corp.4.24%$0.5730.88%
ESEversource Energy4.23%$2.8879.84%
ISBCInvestors Bancorp, Inc.4.21%$0.5844.24%
KMIKinder Morgan, Inc.4.21%$1.1795.05%
PWODPenns Woods Bancorp, Inc.4.17%$1.2545.44%
DDSDillard's, Inc.4.16%$26.5071.17%
RLIRLI Corp.4.16%$2.6067.96%
TFCTruist Financial Corporation4.16%$2.0753.19%
RMBIRichmond Mutual Bancorporation, Inc.4.15%$0.5854.33%
PRPermian Resources Corporation4.14%$0.6052.90%
RILYTB. Riley Financial, Inc. 6.00% Senior Notes Due 20284.13%$0.5856.91%
DGICADonegal Group Inc.4.12%$0.8028.85%
AUBNAuburn National Bancorporation, Inc.4.11%$1.0876.62%
FHBFirst Hawaiian, Inc.4.11%$1.0650.97%
PORPortland General Electric Company4.09%$1.9872.28%
NEWTLNewtek Business Services Corp.4.08%$1.0244.14%
NEWTGNewtekOne, Inc. 8.50% Fixed Rate Senior Notes due 20294.06%$1.0244.14%
NEWTZNewtek Business Services Corp. 5.50% Notes Due 20264.05%$1.0244.14%
LKQLKQ Corporation4.04%$1.2144.76%
NWENorthwestern Energy Group Inc4.04%$2.6274.07%
PXDPioneer Natural Resources Company4.00%$10.8054.25%
HAFCHanmi Financial Corporation3.99%$1.0744.22%
KSSKohl's Corporation3.99%$0.8550.52%
APAAPA Corporation3.98%$1.0124.12%
NWNNorthwest Natural Holding Company3.98%$1.8676.25%
HFWAHeritage Financial Corporation3.97%$0.9456.54%
WSBCWesBanco, Inc.3.97%$1.3265.39%
FULTFulton Financial Corporation3.96%$0.7739.22%
REYNReynolds Consumer Products Inc.3.96%$0.9163.16%
MSMMSC Industrial Direct Co., Inc.3.95%$3.3995.14%
RF-PFRegions Financial Corporation3.95%$1.0141.98%
NEWTINewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 20283.94%$0.9942.24%
BOHBank of Hawaii Corporation3.93%$2.6958.42%
DCOMDime Community Bancshares, Inc.3.93%$1.1786.59%
OGEOGE Energy Corp.3.93%$1.6967.72%
ASIEXMultisector Income Fund - Investor Class3.92%$0.3596.64%
ESSEssex Property Trust, Inc.3.90%$10.0376.31%
WABCWestamerica Bancorporation3.90%$1.8639.32%
NJRNew Jersey Resources Corporation3.88%$1.7853.65%
XHRXenia Hotels & Resorts, Inc.3.88%$0.5693.99%
ARTNAArtesian Resources Corporation3.87%$1.2255.68%
FFBCFirst Financial Bancorp.3.87%$0.9738.17%
PNWPinnacle West Capital Corporation3.87%$3.4169.92%
UEUrban Edge Properties3.87%$0.7482.23%
NECBNortheast Community Bancorp, Inc.3.86%$0.8827.20%
SCSCXTouchstone Large Cap Focused Fund Class C3.86%$2.8037.43%
BBWIBath & Body Works, Inc.3.85%$0.8024.18%
BHBBar Harbor Bankshares3.85%$1.2054.11%
UGIUGI Corporation3.85%$1.4547.35%