Part II: Financial Analysis Section 1: Business Analysis Honeywell International Inc. (also see attached Excel spreadsheet) Honeywell International Inc. operates as a technology and manufacturing company worldwide . It is an American multinational corporation that produces a wide variety of commercial and consumer products, as well as engineering and aerospace systems for large international corporations and governments. It is a Fortune 100 company and in 2012 was listed at number 77 on the Fortune 500 America list. Honeywell's history can be traced back more than 125 years. The company was founded in 1885 when an inventor named Albert Butz patented the oven regulator and alarm, which later developed into what we know today as the modern thermostat. it is “diversified industry” or “conglomerate”. Today, Honeywell employs approximately 132,000 people, including 58,000 in the United States. Honeywell reported revenues of $40.3 billion (2014), operating income of $6.755 billion, net income of $4.239 billion (2014), total assets of $45.451 billion (2014), and shareholders' equity of $17.657 billion (2014 ). The company's expected EPS growth rate for the next 3-5 years is 9.5%. Honeywell's website lists 13 officials on their "leadership" website: David M. Cote, Tim Mahoney, Roger Fradin, Terrence Hahn, Andreas Kramvis, Alex, Ismail, Katherin L. Adams, David J. Anderson, Rhonda Germany, Mark R. James, Shane Tedjarati, Krishna Mikkilineni, and MikeHoneywell The PE ratio (19.07) is lower than the industry average and slightly worse than the S&P average (thus demonstrating that their shares are trading slightly below the market average. Honeywell's relatively low P/E ratio indicates that investors can expect lower growth in the future (as reflected in analyst forecasts mentioned earlier in this report. The price-to-cash flow ratio measures expectations for future financial health of the company. Honeywell's price-to-cash flow ratio (16.9) is better than both the industry and the S&P, indicating that Honeywell has better prospects than most companies rated by the S&P database. This is probably a very important metric for investors to consider and makes Honeywell attractive