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Howmet Aerospace (HWM) Financial Forecast Calculator

Interactive 5-year forecast and DCF for Howmet Aerospace. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from Howmet Aerospace’s most recent SEC filings.

Revenue FY30
$6.11B
from $6.64B
FCF FY30
$914.0M
Margin 15.0%
Enterprise value
$15.00B
2.3× LTM revenue
Equity value
$12.25B
Net debt $2.75B
Revenue & free cash flow - history and 5-year forecast
Line (area)
Bars
Historicals from SEC EDGAR (grey). Forecast years (color) update live as you move the sliders.

Assumptions

Revenue growth (annual)
-1.7%
-10.0%baseline -1.7%40.0%
Gross margin
27.2%
5.0%baseline 27.2%90.0%
Capex % of revenue
5.0%
0.0%baseline 5.0%30.0%
WACC (discount rate)
9.00%
4.0%baseline 9.0%18.0%
Terminal growth
2.50%
0.0%baseline 2.5%5.0%

Need this as an Excel model?

Keep iterating on the Howmet Aerospace forecast in Excel. The downloadable sample has every assumption you see here plus a fully integrated income statement, balance sheet, cash flow, and debt schedule - five years of SEC historicals and live formulas in a fully editable workbook.

income_statement.xlsx
Income statement, brown brand palette
income_statement.xlsx
Income statement, green brand palette
income_statement.xlsx
Income statement, red brand palette

Frequently asked

What does Howmet Aerospace do and what industries does it serve?+

Howmet Aerospace manufactures engineered metal products, specializing in jet engine components, aerospace fastening systems, and titanium structural parts. The company primarily serves the aerospace and commercial transportation industries, holding a dominant competitive position as a sole or dual source supplier for critical components.

What are the primary revenue drivers for Howmet Aerospace's Engine Products segment?+

Revenue for the Engine Products segment is driven by commercial OEM build rates, aftermarket spares growth from the installed base, and defense volumes. Growth is particularly influenced by LEAP and GTF engine production and highly profitable aftermarket spares, which approach 20% of total company revenue.

What is Howmet Aerospace's capital expenditure strategy and typical capex as a percentage of revenue?+

Howmet Aerospace's capital expenditure is approximately 4% to 5% of revenue, with roughly 60% allocated to growth capex and 40% to maintenance. Major programs focus on expanding production capacity for engine airfoils, supported by long-term customer agreements.

What are the key assumptions for revenue growth and operating margins in a financial model for Howmet Aerospace?+

A financial model for Howmet Aerospace incorporates assumptions about revenue growth, driven by factors like commercial aerospace build rates and aftermarket spares. It also assumes operating margin expansion, reflecting the company's strong pricing power, particularly in its profitable spares business.

What are the main inputs for valuing Howmet Aerospace using a Discounted Cash Flow (DCF) model?+

A DCF model for Howmet Aerospace primarily relies on projected future cash flows, which are influenced by commercial aerospace build rates, aftermarket spares growth, and operating margin expansion. These projections help an equity research analyst determine an equity valuation and price target.

Can I download an Excel financial model for Howmet Aerospace and what is its forecast horizon?+

Yes, an Excel financial model for Howmet Aerospace is available for download. This model projects the company's future cash flows and equity valuation with a forecast horizon from FY2026 to FY2030.

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