XNYSCARR
Market cap61bUSD
Dec 23, Last price
68.79USD
1D
0.44%
1Q
-14.45%
IPO
439.53%
Name
Carrier Global Corp
Chart & Performance
P/E
45.75
P/S
2.79
EPS
1.50
Div Yield, %
1.00%
Shrs. gr., 5y
-0.46%
Rev. gr., 5y
3.16%
Revenues
22.10b
+8.21%
Net income
1.35b
-61.83%
CFO
2.61b
+49.57%
Dividend
Jun 21, 20240.19 USD/sh
Earnings
Feb 04, 2025
Profile
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers. Its products include air conditioners, heating systems, controls, and aftermarket components, as well as aftermarket repair and maintenance services and building automation solutions. The Refrigeration segment offers transport refrigeration and monitoring products and services, as well as digital solutions for trucks, trailers, shipping containers, intermodal applications, food retail, and warehouse cooling; and commercial refrigeration solutions, such as refrigerated cabinets, freezers, systems, and controls. The Fire & Security segment provides various residential, commercial, and industrial technologies, including fire, flame, gas, smoke, and carbon monoxide detection; portable fire extinguishers; fire suppression systems; intruder alarms; access control systems; video management systems; and electronic controls. Its other fire and security service offerings comprise audit, design, installation, and system integration, as well as aftermarket maintenance and repair and monitoring services. The company offers its products under the Autronica, Det-Tronics, Edwards, Fireye, GST, Kidde, LenelS2, Marioff, Onity, and Supra; Carrier, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, and Riello; and Carrier Commercial Refrigeration, Carrier Transicold, and Sensitech brands. The company was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | |
| Income | |||||||
Revenues | 22,098,000 8.21% | 20,421,000 -0.93% | 20,613,000 18.09% | ||||
Cost of revenue | 19,630,000 | 18,008,000 | 18,256,000 | ||||
Unusual Expense (Income) | |||||||
NOPBT | 2,468,000 | 2,413,000 | 2,357,000 | ||||
NOPBT Margin | 11.17% | 11.82% | 11.43% | ||||
Operating Taxes | 644,000 | 708,000 | 699,000 | ||||
Tax Rate | 26.09% | 29.34% | 29.66% | ||||
NOPAT | 1,824,000 | 1,705,000 | 1,658,000 | ||||
Net income | 1,349,000 -61.83% | 3,534,000 112.38% | 1,664,000 -16.04% | ||||
Dividends | (620,000) | (509,000) | (417,000) | ||||
Dividend yield | 1.27% | 1.43% | 0.86% | ||||
Proceeds from repurchase of equity | (62,000) | (1,380,000) | (527,000) | ||||
BB yield | 0.13% | 3.88% | 1.09% | ||||
| Debt | |||||||
Debt current | 51,000 | 140,000 | 183,000 | ||||
Long-term debt | 15,024,000 | 9,760,000 | 10,567,000 | ||||
Deferred revenue | 174,000 | 380,000 | |||||
Other long-term liabilities | 1,758,000 | 2,005,000 | 1,677,000 | ||||
Net debt | 3,920,000 | 5,232,000 | 6,170,000 | ||||
| Cash flow | |||||||
Cash from operating activities | 2,607,000 | 1,743,000 | 2,237,000 | ||||
CAPEX | (469,000) | (353,000) | (344,000) | ||||
Cash from investing activities | (660,000) | 1,745,000 | (692,000) | ||||
Cash from financing activities | 4,612,000 | (2,931,000) | (1,562,000) | ||||
FCF | (274,000) | 821,000 | 2,441,000 | ||||
| Balance | |||||||
Cash | 10,015,000 | 3,520,000 | 2,987,000 | ||||
Long term investments | 1,140,000 | 1,148,000 | 1,593,000 | ||||
Excess cash | 10,050,100 | 3,646,950 | 3,549,350 | ||||
Stockholders' equity | 5,442,000 | 4,505,000 | 2,212,000 | ||||
Invested Capital | 20,005,000 | 15,367,050 | 16,599,000 | ||||
ROIC | 10.31% | 10.67% | 9.48% | ||||
ROCE | 9.50% | 12.32% | 12.30% | ||||
| EV | |||||||
Common stock shares outstanding | 853,000 | 861,200 | 890,300 | ||||
Price | 57.45 39.27% | 41.25 -23.95% | 54.24 43.80% | ||||
Market cap | 49,004,850 37.95% | 35,524,500 -26.43% | 48,289,872 45.45% | ||||
EV | 53,252,850 | 41,074,500 | 54,786,872 | ||||
EBITDA | 3,010,000 | 2,793,000 | 2,695,000 | ||||
EV/EBITDA | 17.69 | 14.71 | 20.33 | ||||
Interest | 362,000 | 302,000 | 319,000 | ||||
Interest/NOPBT | 14.67% | 12.52% | 13.53% | ||||