OTIS WORLDWIDE CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 92.2 USD | -0.88% |
|
-3.06% | +3.05% |
| Apr. 25 | JPMorgan Adjusts Otis Worldwide Price Target to $105 From $104 | MT |
| Apr. 25 | Wells Fargo Adjusts Price Target on Otis Worldwide to $98 From $102 | MT |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 29,262 | 36,985 | 32,623 | 36,616 | 37,279 | - | - |
| Enterprise Value (EV) 1 | 33,443 | 42,693 | 38,202 | 42,240 | 42,940 | 42,728 | 42,481 |
| P/E ratio | 32.5 x | 30.1 x | 26.5 x | 26.4 x | 24.3 x | 22 x | 20.1 x |
| Yield | 0.89% | 1.06% | 1.42% | - | 1.66% | 1.83% | 1.99% |
| Capitalization / Revenue | 2.29 x | 2.59 x | 2.38 x | 2.58 x | 2.54 x | 2.45 x | 2.36 x |
| EV / Revenue | 2.62 x | 2.99 x | 2.79 x | 2.97 x | 2.93 x | 2.81 x | 2.69 x |
| EV / EBITDA | 15.8 x | 17.8 x | 16.5 x | 17.2 x | 16.4 x | 15.6 x | 14.7 x |
| EV / FCF | 25.8 x | 26.8 x | 26.4 x | 28.4 x | 26.4 x | 23.7 x | 21.5 x |
| FCF Yield | 3.88% | 3.73% | 3.78% | 3.53% | 3.78% | 4.22% | 4.65% |
| Price to Book | -7.64 x | -10.3 x | -6.75 x | -7.48 x | -7.57 x | -8.19 x | -9.24 x |
| Nbr of stocks (in thousands) | 433,195 | 424,769 | 416,586 | 409,259 | 404,323 | - | - |
| Reference price 2 | 67.55 | 87.07 | 78.31 | 89.47 | 92.20 | 92.20 | 92.20 |
| Announcement Date | 2/1/21 | 1/31/22 | 2/1/23 | 1/31/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 12,756 | 14,298 | 13,685 | 14,209 | 14,658 | 15,195 | 15,792 |
| EBITDA 1 | 2,110 | 2,394 | 2,317 | 2,462 | 2,611 | 2,739 | 2,898 |
| EBIT 1 | 1,919 | 2,191 | 2,126 | 2,269 | 2,411 | 2,565 | 2,726 |
| Operating Margin | 15.04% | 15.32% | 15.54% | 15.97% | 16.45% | 16.88% | 17.26% |
| Earnings before Tax (EBT) 1 | 1,511 | 1,961 | 1,888 | 2,031 | 2,195 | 2,358 | 2,522 |
| Net income 1 | 906 | 1,246 | 1,253 | 1,406 | 1,537 | 1,664 | 1,802 |
| Net margin | 7.1% | 8.71% | 9.16% | 9.9% | 10.48% | 10.95% | 11.41% |
| EPS 2 | 2.080 | 2.890 | 2.960 | 3.390 | 3.789 | 4.191 | 4.581 |
| Free Cash Flow 1 | 1,297 | 1,594 | 1,445 | 1,489 | 1,624 | 1,804 | 1,975 |
| FCF margin | 10.17% | 11.15% | 10.56% | 10.48% | 11.08% | 11.87% | 12.51% |
| FCF Conversion (EBITDA) | 61.47% | 66.58% | 62.37% | 60.48% | 62.18% | 65.87% | 68.16% |
| FCF Conversion (Net income) | 143.16% | 127.93% | 115.32% | 105.9% | 105.66% | 108.4% | 109.62% |
| Dividend per Share 2 | 0.6000 | 0.9200 | 1.110 | - | 1.531 | 1.687 | 1.839 |
| Announcement Date | 2/1/21 | 1/31/22 | 2/1/23 | 1/31/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,569 | 3,414 | 3,488 | 3,344 | 3,439 | 3,346 | 3,720 | 3,523 | 3,620 | 3,437 | 3,732 | 3,671 | 3,802 | - | - |
| EBITDA 1 | 571 | 590 | 590 | 591 | 551 | 565 | 642 | 641 | 614 | 605 | 659.4 | 677.1 | 670.9 | - | - |
| EBIT 1 | 520 | 542 | 541 | 543 | 505 | 518 | 590 | 595 | 566 | 561 | 610.8 | 628.2 | 622.1 | - | - |
| Operating Margin | 14.57% | 15.88% | 15.51% | 16.24% | 14.68% | 15.48% | 15.86% | 16.89% | 15.64% | 16.32% | 16.37% | 17.11% | 16.36% | - | - |
| Earnings before Tax (EBT) 1 | 447 | 489 | 451 | 493 | 455 | 480 | 542 | 532 | 477 | 500 | 557 | 575 | 563 | - | - |
| Net income 1 | 281 | 311 | 321 | 324 | 297 | 331 | 376 | 376 | 323 | 353 | 403.6 | 388.1 | 381.3 | - | - |
| Net margin | 7.87% | 9.11% | 9.2% | 9.69% | 8.64% | 9.89% | 10.11% | 10.67% | 8.92% | 10.27% | 10.82% | 10.57% | 10.03% | - | - |
| EPS 2 | 0.6500 | 0.7300 | 0.7600 | 0.7700 | 0.7100 | 0.7900 | 0.9000 | 0.9100 | 0.7900 | 0.8600 | 0.9907 | 0.9623 | 0.9505 | - | - |
| Dividend per Share 2 | 0.2400 | 0.2400 | 0.2900 | 0.2900 | 0.2900 | 0.2900 | 0.3400 | - | - | - | 0.3867 | 0.3933 | 0.4000 | 0.3950 | 0.4135 |
| Announcement Date | 1/31/22 | 4/25/22 | 7/27/22 | 10/26/22 | 2/1/23 | 4/26/23 | 7/26/23 | 10/25/23 | 1/31/24 | 4/24/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 4,181 | 5,708 | 5,579 | 5,624 | 5,661 | 5,449 | 5,203 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.982 x | 2.384 x | 2.408 x | 2.284 x | 2.168 x | 1.99 x | 1.795 x |
| Free Cash Flow 1 | 1,297 | 1,594 | 1,445 | 1,489 | 1,624 | 1,804 | 1,975 |
| ROE (net income / shareholders' equity) | -103% | - | - | - | - | - | - |
| ROA (Net income/ Total Assets) | 8.88% | 10.8% | 11.3% | 14.1% | 15.8% | 16.6% | 17% |
| Assets 1 | 10,198 | 11,494 | 11,049 | 9,968 | 9,747 | 10,018 | 10,600 |
| Book Value Per Share 2 | -8.840 | -8.480 | -11.60 | -12.00 | -12.20 | -11.30 | -9.980 |
| Cash Flow per Share 2 | 3.410 | 4.060 | 3.690 | 3.920 | 4.470 | 4.960 | 5.340 |
| Capex 1 | 183 | 156 | 115 | 138 | 150 | 159 | 167 |
| Capex / Sales | 1.43% | 1.09% | 0.84% | 0.97% | 1.03% | 1.05% | 1.06% |
| Announcement Date | 2/1/21 | 1/31/22 | 2/1/23 | 1/31/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
92.2
USD
Average target price
98.65
USD
Spread / Average Target
+6.99%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +3.05% | 37.28B | |
| +0.24% | 25.01B | |
| +11.17% | 7.47B | |
| +8.99% | 2.62B | |
| +10.55% | 2.03B | |
| +6.26% | 1.88B | |
| +8.00% | 1.63B | |
| +52.24% | 1.33B | |
| -99.92% | 1.24B | |
| -9.58% | 1.05B |
- Stock Market
- Equities
- OTIS Stock
- Financials Otis Worldwide Corporation
