Howmet Aerospace Inc.

Graph showing Howmet Aerospace Inc.

Graph showing the returns of Howmet Aerospace Inc.

($ in Million)20252024202320222021
Turnover 8,252 7,430 6,640 5,663 4,972
Year-on-Year Change11.1%11.9%17.3%13.9%-5.5%
      
Operating Profit2,0461,6331,203919748
Year-on-Year Change25.3%35.7%30.9%22.9%19.5%
      
EBITDA 2,329 1,910 1,475 1,184 1,018
Year-on-Year Change21.9%29.5%24.6%16.3%5.6%
      
PBT1,8401,383975606324
Year-on-Year Change33.0%41.9%60.9%87.0%89.5%
      
PAT1,508 1,155 765 469 258
Year-on-Year Change30.6%51.0%63.1%81.8%-1.2%
      
Total Assets11,17910,51910,42810,25510,219
Year-on-Year Change6.3%0.9%1.7%0.4%-10.7%
      
Net Current Assets2,0081,8131,5321,6611,484
Year-on-Year Change10.8%18.3%-7.8%11.9%-26.2%
      
Total Equity 5,353 4,554 4,037 3,601 3,508
Year-on-Year Change17.6%12.8%12.1%2.7%-1.9%
      
Capital Expenditure453 321 219 193 199
Year-on-Year Change41.1%46.6%13.5%-3.0%-25.5%
      
Funds from Operations1,8841,298901733449
Year-on-Year Change45.2%44.1%22.9%63.3%4,888.9%
      
Free Operating Cashflow1,431 977 682 540 250
Year-on-Year Change46.5%43.3%26.3%116.0%-196.9%
      
Total Debt3,0503,3153,7064,1624,232
Year-on-Year Change-8.0%-10.6%-11.0%-1.7%-16.6%
      
Net Debt2,3082,7513,0963,3713,512
Year-on-Year Change-16.1%-11.1%-8.2%-4.0%1.4%
      
Shares Outstanding-ordinary shares (Million)404.0408.0412.0416.0430.0
Year-on-Year Change-1.0%-1.0%-1.0%-3.3%-1.2%
      
Payout Ratio11.8%9.2%9.2%8.9%6.7%
⇑ – Year-on-Year IncreaseGreen: ‘Improved’
⇓ – Year-on-Year DecreaseRed: ‘Worsened’
⇔ – Year-on-Year Unchanged 
 20252024202320222021
CAPITAL STRUCTURE     
Total Debt/(Total Debt + Equity)36.3%⇓42.1%⇓47.9%⇓53.6%⇓54.7%⇓
Net Debt/Equity43.1%⇓60.4%⇓76.7%⇓93.6%⇓100.1%⇑
Debt/Total Assets27.3%⇓31.5%⇓35.5%⇓40.6%⇓41.4%⇓
Long Term Debt/Net Earnings1.7x⇓3.0x⇓4.5x⇓8.5x⇓12.5x⇓
Current Ratio2.1x⇓2.2x⇑1.9x⇓2.1x⇓2.2x⇓
Acid Test Ratio1.1x⇑1.0x⇑0.9x⇓1.0x⇓1.1x⇓
      
      
CASHFLOW RATIOS     
Funds from Operations/Total Debt0.6x⇑0.4x⇑0.2x⇔ 0.2x⇑0.1x⇑
Funds from Operations/Net Debt0.8x⇑0.5x⇑0.3x⇑0.2x⇑0.1x⇑
EBITDA/Interest13.2x⇑9.8x⇑6.5x⇑5.0x⇑2.5x⇔
EBIT/Interest11.6x⇑8.4x⇑5.3x⇑3.9x⇑1.8x⇑
Net Debt/EBITDA1.0x⇓1.4x⇓2.1x⇓2.9x⇓3.5x⇓
Free Operating Cashflow/Interest8.1x⇑5.0x⇑3.0x⇑2.3x⇑0.6x⇑
Free Operating Cashflow/Net Debt0.6x⇑0.4x⇑0.2x⇔0.2x⇑0.1x⇑
Free Operating Cashflow/Sales0.2x⇑0.1x⇔0.1x⇔0.1x⇔0.1x⇑
      
      
PROFITABILITY RATIOS     
Gross Profit Margin34.2%⇑31.1%⇑28.1%⇑27.6%⇓27.7%⇑
EBITDA Margin28.2%⇑25.7%⇑22.2%⇑20.9%⇑20.5%⇑
EBIT Margin24.8%⇑22.0%⇑18.1%⇑16.2%⇑15.0%⇑
PBT Margin22.3%⇑18.6%⇑14.7%⇑10.7%⇑6.5%⇑
PAT Margin18.3%⇑15.6%⇑11.5%⇑8.3%⇑5.2%⇑
ROAE34.6%⇑25.8%⇑20.3%⇑13.8%⇑9.5%⇓
ROAA15.8%⇑10.6%⇑7.5%⇑4.8%⇑3.1%⇓