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Textron

BOVESPA:T1XT34
Snowflake Description

Undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
T1XT34
BOVESPA
$6B
Market Cap
  1. Home
  2. BR
  3. Capital Goods
Company description

Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. The last earnings update was 42 days ago. More info.


Add to Portfolio Compare Print
  • Textron has significant price volatility in the past 3 months.
T1XT34 Share Price and Events
7 Day Returns
0%
BOVESPA:T1XT34
-7.5%
Global Aerospace & Defense
-6.9%
BR Market
1 Year Returns
-
BOVESPA:T1XT34
-26.1%
Global Aerospace & Defense
-24.2%
BR Market
T1XT34 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Textron (T1XT34) 0% -22.9% - - - -
Global Aerospace & Defense -7.5% -26.4% -35.5% -26.1% -14.9% -1.6%
BR Market -6.9% -27% -37.4% -24.2% 3.9% 13.6%
1 Year Return vs Industry and Market
  • No trading data on T1XT34.
  • No trading data on T1XT34.
Price Volatility
T1XT34
Industry
5yr Volatility vs Market

Value

 Is Textron undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Textron to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Textron.

BOVESPA:T1XT34 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.4%
Perpetual Growth Rate 10-Year BR Government Bond Rate 7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BOVESPA:T1XT34
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year BR Govt Bond Rate 7%
Equity Risk Premium S&P Global 5.4%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.846 (1 + (1- 21%) (65.73%))
1.191
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.96% + (1.191 * 5.44%)
13.44%

Discounted Cash Flow Calculation for BOVESPA:T1XT34 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Textron is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BOVESPA:T1XT34 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 13.44%)
2020 722.25 Analyst x4 636.69
2021 741.20 Analyst x5 575.98
2022 807.50 Analyst x4 553.17
2023 1,027.00 Analyst x1 620.18
2024 1,134.00 Est @ 10.42% 603.67
2025 1,240.38 Est @ 9.38% 582.08
2026 1,347.73 Est @ 8.65% 557.53
2027 1,457.52 Est @ 8.15% 531.51
2028 1,571.06 Est @ 7.79% 505.05
2029 1,689.54 Est @ 7.54% 478.79
Present value of next 10 years cash flows $5,644.00
BOVESPA:T1XT34 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $1,689.54 × (1 + 6.96%) ÷ (13.44% – 6.96%)
$27,892.05
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $27,892.05 ÷ (1 + 13.44%)10
$7,904.15
BOVESPA:T1XT34 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $5,644.00 + $7,904.15
$13,548.15
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $13,548.15 / 227.65
$59.51
BOVESPA:T1XT34 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BOVESPA:T1XT34 represents 5.29886x of NYSE:TXT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
5.29886x
Value per Share
(Listing Adjusted, BRL)
= Value per Share (USD) x Listing Adjustment Factor
= $ 59.51 x 5.29886
R$315.36
Value per share (BRL) From above. R$315.36
Current discount Discount to share price of R$144.87
= -1 x (R$144.87 - R$315.36) / R$315.36
54.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Textron is available for.
Intrinsic value
>50%
Share price is R$144.87 vs Future cash flow value of R$315.36
Current Discount Checks
For Textron to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Textron's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Textron's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Textron's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Textron's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BOVESPA:T1XT34 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2020-01-04) in USD $3.52
NYSE:TXT Share Price ** NYSE (2020-03-26) in USD $27.34
Global Aerospace & Defense Industry PE Ratio Median Figure of 154 Publicly-Listed Aerospace & Defense Companies 15.72x
Brazil Market PE Ratio Median Figure of 228 Publicly-Listed Companies 11.22x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Textron.

BOVESPA:T1XT34 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:TXT Share Price ÷ EPS (both in USD)

= 27.34 ÷ 3.52

7.76x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Textron is good value based on earnings compared to the Global Aerospace & Defense industry average.
  • Textron is good value based on earnings compared to the Brazil market.
Price based on expected Growth
Does Textron's expected growth come at a high price?
Raw Data
BOVESPA:T1XT34 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
-0.2%per year
Global Aerospace & Defense Industry PEG Ratio Median Figure of 87 Publicly-Listed Aerospace & Defense Companies 1.54x
Brazil Market PEG Ratio Median Figure of 116 Publicly-Listed Companies 0.88x

*Line of best fit is calculated by linear regression .

BOVESPA:T1XT34 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.76x ÷ -0.2%

-31.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Textron earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Textron's assets?
Raw Data
BOVESPA:T1XT34 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2020-01-04) in USD $24.21
NYSE:TXT Share Price * NYSE (2020-03-26) in USD $27.34
Global Aerospace & Defense Industry PB Ratio Median Figure of 204 Publicly-Listed Aerospace & Defense Companies 1.79x
Brazil Market PB Ratio Median Figure of 278 Publicly-Listed Companies 1.09x
BOVESPA:T1XT34 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:TXT Share Price ÷ Book Value per Share (both in USD)

= 27.34 ÷ 24.21

1.13x

* Primary Listing of Textron.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Textron is good value based on assets compared to the Global Aerospace & Defense industry average.
X
Value checks
We assess Textron's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. Textron has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Textron expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Textron expected to grow at an attractive rate?
  • Textron's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7%.
Growth vs Market Checks
  • Textron's earnings are expected to decrease over the next 1-3 years, this is below the Brazil market average.
  • Textron's revenue growth is positive but not above the Brazil market average.
Annual Growth Rates Comparison
Raw Data
BOVESPA:T1XT34 Future Growth Rates Data Sources
Data Point Source Value (per year)
BOVESPA:T1XT34 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts -0.2%
BOVESPA:T1XT34 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 3%
Global Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 13.2%
Global Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 4.2%
Brazil Market Earnings Growth Rate Market Cap Weighted Average 16.9%
Brazil Market Revenue Growth Rate Market Cap Weighted Average 8.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BOVESPA:T1XT34 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BOVESPA:T1XT34 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 16,875 1
2022-12-31 14,445 1,252 762 5
2021-12-31 13,841 1,074 770 9
2020-12-31 13,075 912 649 8
2020-04-07
BOVESPA:T1XT34 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2020-01-04 13,630 1,014 815
2019-09-28 13,345 634 862
2019-06-29 13,286 649 1,205
2019-03-30 13,785 976 1,212
2018-12-29 13,972 1,107 1,222
2018-09-29 14,239 1,291 870
2018-06-30 14,523 1,089 466
2018-03-31 14,401 1,067 395
2017-12-30 14,198 936 306
2017-09-30 14,006 1,210 627
2017-07-01 13,773 1,287 767
2017-04-01 13,680 946 792

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Textron's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Textron's revenue is expected to grow by 3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BOVESPA:T1XT34 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Textron Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BOVESPA:T1XT34 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 3.65 4.29 3.00 2.00
2021-12-31 3.65 4.35 2.50 6.00
2020-12-31 2.91 3.66 1.50 6.00
2020-04-07
BOVESPA:T1XT34 Past Financials Data
Date (Data in USD Millions) EPS *
2020-01-04 3.52
2019-09-28 3.68
2019-06-29 5.06
2019-03-30 4.97
2018-12-29 4.88
2018-09-29 3.40
2018-06-30 1.79
2018-03-31 1.50
2017-12-30 1.15
2017-09-30 2.34
2017-07-01 2.84
2017-04-01 2.93

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Textron is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Textron's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Global market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Textron has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Textron performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Textron's growth in the last year to its industry (Aerospace & Defense).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Textron's year on year earnings growth rate has been positive over the past 5 years.
  • Textron's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Textron's 1-year earnings growth is negative, it can't be compared to the Global Aerospace & Defense industry average.
Earnings and Revenue History
Textron's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Textron Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BOVESPA:T1XT34 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2020-01-04 13,630.00 815.00 1,039.00
2019-09-28 13,345.00 862.00 1,021.00
2019-06-29 13,286.00 1,205.00 1,082.00
2019-03-30 13,785.00 1,212.00 1,169.00
2018-12-29 13,972.00 1,222.00 1,199.00
2018-09-29 14,239.00 870.00 1,286.00
2018-06-30 14,523.00 466.00 1,326.00
2018-03-31 14,401.00 395.00 1,312.00
2017-12-30 14,198.00 306.00 1,305.00
2017-09-30 14,006.00 627.00 1,321.00
2017-07-01 13,773.00 767.00 1,316.00
2017-04-01 13,680.00 792.00 1,297.00
2016-12-31 13,788.00 843.00 1,278.00
2016-10-01 13,886.00 853.00 1,284.00
2016-07-02 13,815.00 730.00 1,264.00
2016-04-02 13,551.00 721.00 1,275.00
2016-01-02 13,423.00 698.00 1,304.00
2015-10-03 13,596.00 686.00 1,371.00
2015-07-04 13,846.00 670.00 1,372.00
2015-04-04 14,104.00 646.00 1,396.00
2015-01-03 13,878.00 605.00 1,361.00
2014-09-27 13,288.00 563.00 1,265.00
2014-06-28 12,762.00 501.00 1,206.00
2014-03-29 12,096.00 470.00 1,121.00
2013-12-28 12,104.00 498.00 1,098.00
2013-09-28 11,960.00 473.00 1,105.00
2013-06-29 12,056.00 517.00 1,124.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Textron has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Textron used its assets more efficiently than the Global Aerospace & Defense industry average last year based on Return on Assets.
  • Textron has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Textron's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Textron has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Textron's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Textron's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Textron is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Textron's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Textron's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Textron Company Filings, last reported 3 months ago.

BOVESPA:T1XT34 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2020-01-04 5,518.00 3,768.00 1,181.00
2019-09-28 5,452.00 4,091.00 931.00
2019-06-29 5,336.00 3,987.00 775.00
2019-03-30 5,233.00 3,801.00 646.00
2018-12-29 5,192.00 3,784.00 987.00
2018-09-29 5,543.00 3,866.00 1,150.00
2018-06-30 5,362.00 3,888.00 554.00
2018-03-31 5,692.00 3,918.00 688.00
2017-12-30 5,647.00 3,912.00 1,079.00
2017-09-30 5,818.00 4,283.00 1,104.00
2017-07-01 5,682.00 4,004.00 938.00
2017-04-01 5,582.00 4,115.00 858.00
2016-12-31 5,574.00 3,680.00 1,137.00
2016-10-01 5,651.00 3,822.00 589.00
2016-07-02 5,186.00 3,912.00 661.00
2016-04-02 4,989.00 3,997.00 723.00
2016-01-02 4,964.00 3,610.00 946.00
2015-10-03 4,696.00 3,772.00 497.00
2015-07-04 4,602.00 3,884.00 661.00
2015-04-04 4,390.00 3,845.00 561.00
2015-01-03 4,272.00 3,874.00 731.00
2014-09-27 4,572.00 3,971.00 430.00
2014-06-28 4,578.00 4,261.00 680.00
2014-03-29 4,363.00 4,477.00 682.00
2013-12-28 4,384.00 3,187.00 1,163.00
2013-09-28 3,580.00 3,304.00 444.00
2013-06-29 3,380.00 3,615.00 459.00
  • Textron's level of debt (68.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (90.6% vs 68.3% today).
  • Debt is well covered by operating cash flow (26.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.9x coverage).
X
Financial health checks
We assess Textron's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Textron has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Textron's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.29%
Current annual income from Textron dividends. Estimated to be 0.3% next year.
If you bought R$2,000 of Textron shares you are expected to receive R$6 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Textron's pays a lower dividend yield than the bottom 25% of dividend payers in Brazil (2.28%).
  • Textron's dividend is below the markets top 25% of dividend payers in Brazil (6.8%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BOVESPA:T1XT34 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Global Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 100 Stocks 2.7%
Brazil Market Average Dividend Yield Market Cap Weighted Average of 165 Stocks 5.3%
Brazil Minimum Threshold Dividend Yield 10th Percentile 1%
Brazil Bottom 25% Dividend Yield 25th Percentile 2.3%
Brazil Top 25% Dividend Yield 75th Percentile 6.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BOVESPA:T1XT34 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.09 3.00
2021-12-31 0.08 5.00
2020-12-31 0.08 5.00
2020-04-07
BOVESPA:T1XT34 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-26 0.080 0.275
2019-10-23 0.080 0.174
2019-07-23 0.080 0.168
2019-04-24 0.080 0.158
2019-02-27 0.080 0.154
2018-10-24 0.080 0.154
2018-07-24 0.080 0.118
2018-04-25 0.080 0.121
2018-02-28 0.080 0.135
2017-10-25 0.080 0.142
2017-07-25 0.080 0.157
2017-04-26 0.080 0.169
2017-02-22 0.080 0.169
2016-10-26 0.080 0.172
2016-07-26 0.080 0.202
2016-04-27 0.080 0.210
2016-02-24 0.080 0.222
2015-10-21 0.080 0.207
2015-07-21 0.080 0.198
2015-04-22 0.080 0.178
2015-02-25 0.080 0.179
2014-10-22 0.080 0.189
2014-07-22 0.080 0.218
2014-04-23 0.080 0.205
2014-02-26 0.080 0.206
2013-10-23 0.080 0.238
2013-07-23 0.080 0.287
2013-04-24 0.080 0.298
2013-02-27 0.080 0.276
2012-10-24 0.080 0.310
2012-07-24 0.080 0.303
2012-04-25 0.080 0.329
2012-02-22 0.080 0.294
2011-10-26 0.080 0.393
2011-07-26 0.080 0.456
2011-04-27 0.080 0.346
2011-02-23 0.080 0.300
2010-10-27 0.080 0.333
2010-07-29 0.080 0.406
2010-04-28 0.080 0.405
2010-02-24 0.080 0.365
2009-10-21 0.080 0.405
2009-07-22 0.080 0.495
2009-04-22 0.080 0.751

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Textron is not paying a notable dividend for Brazil, therefore no need to check if the payments are stable.
  • Textron is not paying a notable dividend for Brazil, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Textron's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Textron's dividends as it is not paying a notable one for Brazil.
Future Payout to shareholders
  • No need to calculate the sustainability of Textron's dividends in 3 years as they are not expected to pay a notable one for Brazil.
X
Income/ dividend checks
We assess Textron's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Textron afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Textron has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Textron's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Scott Donnelly
COMPENSATION $18,921,598
AGE 57
TENURE AS CEO 10.3 years
CEO Bio

Mr. Scott C. Donnelly has been the Chairman, Chief Executive Officer and President of Textron Inc. since September 1, 2010, December 1, 2009 and January 2009 respectively. Mr. Donnelly serves Co-President of Textron Systems Corporation. He serves as Chairman of Textron Inc and Chief Executive Officer of Textron Inc at Cessna Aircraft Company Inc. He has more than two decades of business experience in innovation, manufacturing, sales and marketing, and business processes. He served as the Chief Operating Officer of Bell Helicopter Textron Inc. He served as Senior Vice President of GE Global Research. He served as the Chief Operating Officer of Textron Financial Corp. since June 2008. He served as the Chief Operating Officer of Textron Inc. since June 2008 until December 2009 and also served as its Executive Vice President from June 2008 to January 2009. He served as the Chief Executive Officer and President of Aviation for GE Infrastructure Aviation, Inc., since July 2005. He served as the President and Chief Executive Officer of Aviation at GE Infrastructure, Inc. He served as an Executive Officer of GEFS (Suisse) AG since August 2000. He serves as Unit President and Chief Executive Officer of General Electric Capital Corp. He served as Chief Executive Officer and President of GE Aviation Systems LLC and GE Aviation. He served as Senior Vice President of Global, Corporate Research and Development of General Electric Company, holding company of GEFS (Suisse) AG. Mr. Donnelly served as Vice President of Commercial Engines for GE Aviation since 2003. He served as General Manager of the small commercial engine operation of GE Aviation. He joined GE in 1980 as a Product engineer and spent 15 years in design and development of GE's commercial and military engines. He also held positions in customer and product support and in quality. He served as Senior Vice President, GE Aviation of General Electric Co. He served as Senior Vice President of Global Research at General Electric Co., one of the world's largest and most diversified industrial research organizations, with facilities in the United States, India, China and Germany. He served as Vice President, Global Technology Operations for GE Medical Systems in 1997. Mr. Donnelly served as Vice President of General Electric since 1997 and was responsible for Global Technology Operations at GE Healthcare. He joined GE in 1989 as Manager of Electronics Design Engineering for GE's Ocean Systems Division in Syracuse, NY. He served in leadership roles for the GE, including engineering management positions with then-GE division of Martin Marietta in both Australia and the US. In 1995, Mr. Donnelly moved to GE's Industrial Control Systems business, where he held leadership positions as Manager of Technology and System Development. He started his career in the aerospace and semiconductor industries as a Design engineer developing advanced computer architecture for special purpose processors and systems. He joined GE Aerospace in Syracuse, New York, in 1989 and led large engineering organizations in the Ocean, Radar and Sensor Systems business. In 1995, he transferred to GE Industrial Systems, where he became General Manager, Industrial System Technology. He served as the Chairman of Board of Governors at Aerospace Industries Association from January 2010 to December 31, 2010. Mr. Donnelly served as a Member of Board of Governors at Aerospace Industries Association. He serves as a Member of the Board of Trustees of Siena College and the Board of Directors of the United Way of Greater Cincinnati. He has been a Director of Textron Inc. since October 2009. He has been an Independent Director of Medtronic plc since 2013 and serves as its Lead Independent Director since July 1, 2017. He served as a Director of Medtronic, Inc., since July 1, 2013 until January 26, 2015. He served as a Director of GE Global Research, Inc. He served as a Director of General Electric Capital Corporation. He serves on the Industrial Advisory Committee of several engineering colleges, the Research Foundation of the Medical College of Wisconsin and the Center for Innovation in Minimally Invasive Therapy at Massachusetts General Hospital. He serves on the Engineering Advisory Committees at Colorado, Stanford and Cornell Universities and is a member of the NIST Visiting Committee on Advanced Technology. Mr. Donnelly attended the University of Colorado and graduated with a Bachelors degree in Electrical and Computer engineering in 1984.

CEO Compensation
  • Scott's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Insufficient data for Scott to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Textron management team in years:

4.6
Average Tenure
57
Average Age
  • The tenure for the Textron management team is about average.
Management Team

Scott Donnelly

TITLE
Chairman
COMPENSATION
$19M
AGE
57
TENURE
10.3 yrs

Frank Connor

TITLE
Executive VP & CFO
COMPENSATION
$7M
AGE
59
TENURE
10.7 yrs

Bob Lupone

TITLE
Executive VP
COMPENSATION
$3M
AGE
59
TENURE
8.2 yrs

Julie Duffy

TITLE
Executive Vice President of Human Resources
COMPENSATION
$3M
AGE
53
TENURE
2.8 yrs

Kimberly Mackenroth

TITLE
VP & Chief Information Officer
TENURE
2.3 yrs

Eric Salander

TITLE
VP of Investor Relations & Treasurer
TENURE
3.3 yrs

James Takats

TITLE
Senior Vice President of Global Simulation & Training Strategy TRU Simulation + Training Inc
TENURE
4.6 yrs

Stewart Holmes

TITLE
Senior Vice President of Washington Operations
TENURE
3.1 yrs

Ee Soon-Kiong

TITLE
President of Textron China
TENURE
17.1 yrs

Mark Bamford

TITLE
VP & Corporate Controller
AGE
55
Board of Directors Tenure

Average tenure and age of the Textron board of directors in years:

10.8
Average Tenure
69.5
Average Age
  • The average tenure for the Textron board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Scott Donnelly

TITLE
Chairman
COMPENSATION
$19M
AGE
57
TENURE
9.6 yrs

Ronal Clark

TITLE
Independent Director
COMPENSATION
$298K
AGE
66
TENURE
16.5 yrs

Jim Ziemer

TITLE
Independent Director
COMPENSATION
$280K
AGE
69
TENURE
13.1 yrs

James Conway

TITLE
Independent Director
COMPENSATION
$275K
AGE
71
TENURE
9 yrs

Paul Gagné

TITLE
Lead Director
COMPENSATION
$305K
AGE
72
TENURE
2 yrs

Larry Fish

TITLE
Independent Director
COMPENSATION
$260K
AGE
74
TENURE
21.3 yrs

Kathleen Bader

TITLE
Independent Director
COMPENSATION
$275K
AGE
68
TENURE
16.3 yrs

Lloyd Trotter

TITLE
Independent Director
COMPENSATION
$283K
AGE
73
TENURE
12.1 yrs

Maria Zuber

TITLE
Independent Director
COMPENSATION
$260K
AGE
61
TENURE
3.4 yrs

Ralph Heath

TITLE
Independent Director
COMPENSATION
$280K
AGE
70
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (R$) Value (R$)
X
Management checks
We assess Textron's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Textron has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. The company’s Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and commercial parts, as well as offers maintenance, inspection, and repair services. Its Bell segment supplies military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. The company’s Textron Systems segment offers unmanned aircraft systems, unmanned surface systems, mission command hardware and solutions, and customer support and logistics services; simulation, training, and other defense and aviation mission support products and services; airborne and ground-based sensors and surveillance systems, and protection systems; precision guided weapons systems; marine craft, armored vehicles, and specialty vehicles used for fire and rescue applications; test equipment, electronic warfare test, and training and intelligence software solutions; and piston aircraft engines, as well as designs, develops, manufactures, installs, and maintains full flight simulators. Its Industrial segment offers blow-molded plastic fuel systems, including conventional plastic fuel tanks and pressurized fuel tanks for hybrid applications, clear-vision systems, and plastic tanks for catalytic reduction systems primarily to automobile OEMs; and golf cars, off-road utility vehicles, recreational side-by-side and all-terrain vehicles, snowmobiles, light transportation vehicles, aviation ground support equipment, professional turf-maintenance equipment, and turf-care vehicles to golf courses and resorts, government agencies and municipalities, consumers, outdoor enthusiasts, and commercial and industrial users. The company’s Finance segment provides financing to purchase new and pre-owned aircraft and helicopters. Textron Inc. was founded in 1923 and is headquartered in Providence, Rhode Island.

Details
Name: Textron Inc.
T1XT34
Exchange: BOVESPA
Founded: 1923
$32,587,340,151
227,645,495
Website: http://www.textron.com
Address: Textron Inc.
40 Westminster Street,
Providence,
Rhode Island, 02903,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE TXT Common Stock New York Stock Exchange US USD 02. Jan 1968
DB TXT Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
LSE 0LF0 Common Stock London Stock Exchange GB USD 02. Jan 1968
BRSE TXT Common Stock Berne Stock Exchange CH CHF 02. Jan 1968
BMV TXT * Common Stock Bolsa Mexicana de Valores MX MXN 02. Jan 1968
BOVESPA T1XT34 BDR EACH 1 REPR 1 SHS UNSPON Bolsa de Valores de Sao Paulo BR BRL 27. Jan 2020
Number of employees
Current staff
Staff numbers
35,000
Textron employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 20:55
End of day share price update: 2020/03/26 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/02/25
Last earnings reported: 2020/01/04
Last annual earnings reported: 2020/01/04


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.