HWM

NYSE

Howmet Aerospace Inc.

Industrials, Aerospace & Defense

$281.88

close 7 Aug 2026

+56.70%

52-week change

$112.75B

market cap

$169.45

$310.00

52-week range

Expected price

$185.70 – $226.97

Current price

$281.88

Signal

Could be overvalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)60.75x

P/S (TTM)12.37x

P/B19.67x

EV/EBITDA (TTM)41.54x

FCF yield (TTM)1.59%

PEG (TTM, GAAP)1.23

Context

P/E, own 5-year average47.44x

P/E, sector median29.72x*

Price at 5-year median P/E$208.87*

Indicated dividend yield0.20%

Forward — analyst consensus

Forward P/E (FY2026)54.09x*

Forward P/E (FY2027)45.84x

Forward PEG3.01*

Consensus EPS FY2026 (10 analysts)$5.21

EPS growth (FY2026→FY2027)17.98%

Revenue growth (FY2026)19.25%

Street view

Price target (mean)$320.33*

Target upside13.64%

Ratings (buy / hold / sell)19 / 3 / 0

FY2026 EPS revisions, 30d (up / down)6 / 1

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 6 Aug 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

10Y CAGR +13.54%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$281.88

Cash & equivalents$563.00M

Total debt$4.05B

Shares outstanding400.00M

Result

DCF price per share$188.46

Current price$281.88

Margin of safety-33.14%

PV of years 1–10$23.83B

PV of terminal value$55.04B

Equity value$75.38B

Market-implied growth+18.61%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$2.03B	$2.31B	$2.62B	$2.98B	$3.38B	$3.84B	$4.36B	$4.95B	$5.62B	$6.38B	$118.84B
PV	$1.88B	$1.98B	$2.08B	$2.19B	$2.30B	$2.42B	$2.54B	$2.67B	$2.81B	$2.95B	$55.04B

period to 30 Jun 2026, filed 6 Aug 2026, close 7 Aug 2026