Howmet Aerospace
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
59.6850.2942.7031.96
Price/Sales ratio
9.258.527.907.15
Earnings per Share (EPS)
$2.91$3.45$4.06$5.43

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
54.97-27.67-8.72-166.0712.6829.1947.5653.0534.9529.1542.1312.68
Price/Sales ratio
1.170.710.650.940.580.962.362.752.893.356.210.58
Price/Book Value ratio
1.190.731.582.501.462.973.463.904.555.5210.071.46
Price/Cash Flow ratio
8.805.639.3017.5337.5233.801.37K30.4822.3624.7535.5635.56
Price/Free Cash Flow ratio
32.3822.16-32.22117.04-14.77-76.24-48.1154.7430.3632.7045.09-14.77
Price/Earnings Growth ratio
-0.460.11-0.041.79-0.01-1.38-0.872.120.400.441.36-0.01
Dividend Yield
1.09%2.50%2.80%1.31%1.46%0.41%0.08%0.13%0.26%0.32%0.27%0.41%
Profitability Indicator Ratios
Gross Profit Margin
17.48%18.60%20.88%20.08%18.67%20.89%26.25%27.67%27.54%24.30%28.52%18.67%
Operating Profit Margin
6.88%5.05%7.85%2.51%9.45%10.80%11.90%15.04%16.22%18.11%21.12%9.45%
Pretax Profit Margin
0.90%1.47%3.33%3.62%6.19%4.05%3.25%6.51%10.70%14.68%17.34%6.19%
Net Profit Margin
2.13%-2.59%-7.51%-0.57%4.58%3.31%4.96%5.18%8.28%11.52%14.81%4.58%
Effective Tax Rate
153.98%185.24%354.72%115.74%26.03%18.26%-23.39%20.37%22.60%21.53%14.59%18.26%
Return on Assets
0.71%-0.88%-4.64%-0.39%3.43%2.67%2.28%2.52%4.57%7.33%10.20%3.43%
Return On Equity
2.17%-2.67%-18.12%-1.50%11.51%10.20%7.29%7.35%13.02%18.94%25.48%11.51%
Return on Capital Employed
2.71%2.00%5.62%2.05%8.73%11.39%6.39%8.34%10.47%13.91%16.98%8.73%
Liquidity Ratios
Current Ratio
1.491.522.142.251.861.412.21N/AN/AN/A2.231.86
Quick Ratio
0.931.081.331.381.160.821.311.061.030.860.980.82
Cash ratio
0.330.260.680.760.640.390.960.570.530.340.310.39
Days of Sales Outstanding
40.5939.8128.6838.6939.0114.9924.7730.8334.6138.0338.9038.90
Days of Inventory outstanding
108.6982.5083.8687.3979.8078.96140.05142.30143.13128.17133.6079.80
Operating Cycle
149.29122.32112.54126.09118.8293.96164.82173.13177.74166.21172.51118.82
Days of Payables Outstanding
111.1654.5464.9164.8068.1831.7356.3774.2985.5771.3164.4131.73
Cash Conversion Cycle
38.1267.7747.6361.2850.6462.23108.4598.8392.1694.90108.1050.64
Debt Ratios
Debt Ratio
0.230.240.400.360.330.330.440.410.400.350.320.33
Debt Equity Ratio
0.710.731.571.391.131.281.411.201.150.910.751.28
Long-term Debt to Capitalization
0.410.420.610.580.510.510.560.540.530.460.420.51
Total Debt to Capitalization
0.410.420.610.580.530.560.580.540.530.470.420.56
Interest Coverage Ratio
0.601.321.640.963.503.062.09N/AN/AN/A7.913.50
Cash Flow to Debt Ratio
0.190.170.100.100.030.060.000.100.170.240.370.03
Company Equity Multiplier
3.033.023.903.813.353.813.192.912.842.582.343.81
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.130.120.070.050.010.020.000.090.120.130.170.01
Free Cash Flow / Operating Cash Flow Ratio
0.270.25-0.280.14-2.53-0.44-28.660.550.730.750.78-2.53
Cash Flow Coverage Ratio
0.190.170.100.100.030.060.000.100.170.240.370.03
Short Term Coverage Ratio
57.7238.5821.8218.440.50.390.0289.8N/A4.371.27K0.5
Dividend Payout Ratio
60.07%-69.25%-24.48%-218.91%18.53%12.12%4.21%7.36%9.38%9.54%9.00%12.12%