Honeywell International Stock Fair Value – Honeywell International and Summit Agricultural to Construct World’s Largest Ethanol Jet Fuel Plant
May 16, 2023
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It is a leading manufacturer of aerospace, industrial, medical and security solutions and services, as well as performance materials and chemicals. Honeywell ($NASDAQ:HON) is now collaborating with Summit Agriculture to make history in the renewable fuel industry. The two companies are joining forces to construct the world’s largest ethanol jet fuel plant. This will be the largest production facility of its kind in the world, and it is expected to significantly reduce emissions from air travel.
The construction of this massive ethanol jet fuel plant is a major milestone in the drive towards renewable fuel sources. With the help of Honeywell and Summit Agriculture, this plant will become a symbol of sustainability and proof that green energy solutions are both possible and profitable. It will also contribute to a more sustainable future by reducing emissions from air travel, which is one of the most pressing environmental issues of our time.
Stock Price
On Monday, HONEYWELL INTERNATIONAL stock opened at $193.5 and closed at $194.3, up by 0.4% from previous closing price of 193.6. This plant is expected to create numerous jobs and long-term economic benefits for the region. This will significantly reduce the environmental impact of air travel while creating a reliable and cost-effective source of alternative aviation fuel. This will bring much-needed economic opportunities to the region and help support the growth of a sustainable aviation industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Honeywell International. More…
| Total Revenues | Net Income | Net Margin |
| 35.95k | 5.23k | 15.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Honeywell International. More…
| Operations | Investing | Financing |
| 4.45k | -112 | -6.58k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Honeywell International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 59.88k | 42.36k | 25.42 |
Key Ratios Snapshot
Some of the financial key ratios for Honeywell International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.3% | -0.3% | 19.9% |
| FCF Margin | ROE | ROA |
| 10.2% | 26.6% | 7.5% |
Analysis – Honeywell International Stock Fair Value
At GoodWhale, we have conducted an analysis of HONEYWELL INTERNATIONAL‘s wellbeing. Our proprietary Valuation Line indicates that their fair value is around $209.3. Currently, HONEYWELL INTERNATIONAL stock is being traded at $194.3, which is a fair price that is undervalued by 7.2%. We think this presents a great opportunity for investors to gain a good return on their investment. More…
Peers
Honeywell International Inc is an American multinational conglomerate company that produces a variety of commercial and consumer products, engineering services and aerospace systems for a wide variety of customers, from private consumers to major corporations and governments. Its competitors include Signet International Holdings Inc, LCTI Low Carbon Technologies International Inc, Noritake Co Ltd.
– Signet International Holdings Inc ($OTCPK:LWCTF)
Noritake Co Ltd is a Japanese company that manufactures and sells tableware and other ceramic products. The company has a market cap of 58.36 billion as of 2022 and a return on equity of 6.39%. Noritake Co Ltd has a long history, dating back to 1904 when it was founded in Nagoya, Japan. The company’s products are sold in over 90 countries and it has over 8,000 employees. Noritake Co Ltd’s products include dinnerware, flatware, glassware, and giftware. The company also manufactures and sells hotel wares, industrial ceramics, and electronic ceramics.
Summary
Honeywell International is a large multinational conglomerate with a long history of innovation and success in a wide range of industries. The company recently announced a major investment in Summit Agricultural, a biofuel firm, to build the world’s largest plant for the production of ethanol jet fuel. This has been seen as a smart move by investors as Honeywell has a long history of innovative investment decisions, making them one of the most sought-after companies by investors.
With an established reputation as a reliable and consistent dividend provider, this move has been met with enthusiasm from investors. Along with strong returns from the stock market, the investment in Summit Agricultural is likely to provide Honeywell with increased profitability through their production of ethanol jet fuel, which is likely to become more widely used in the future.
