Added to YB: 2026-09-10
Pitch date: 2026-09-08
HWM [bearish]
Howmet Aerospace Inc.
+0.04%
current return
Author Info
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Company Info
Howmet Aerospace Inc. provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally.
Market Cap
$103.4B
Pitch Price
$232.71
Price Target
180.00 (-22%)
Dividend
0.22%
EV/EBITDA
37.44
P/E
55.92
EV/Sales
11.79
Sector
Aerospace and Defense
Category
special_situation
Howmet Aerospace: A Temporary Monopoly
HWM (short): Howmet’s fastening earnings reflect a temporary supply shock: PCC’s 2025 factory fire shifted backlog to Howmet and allowed doubled prices, while the subsequent CAM acquisition lifted combined fastening share to roughly 80%. The segment now trades at 38x EV/EBITDA versus peers’ 23-28x. With PCC estimating full capacity could return by 2028 and customers supporting alternatives, the modeled 22% margin and 20x multiple imply $180 per share versus $260, or 30% downside over three years.
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