CARRIER GLOBAL CORP (4PN.DE) Stock Fundamental Analysis
FRA:4PN - Deutsche Boerse Ag - US14448C1045 - Common Stock - Currency: EUR
4PN gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 18 industry peers in the Building Products industry. There are concerns on the financial health of 4PN while its profitability can be described as average. 4PN is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year 4PN was profitable.
In the past year 4PN had a positive cash flow from operations.
Each year in the past 5 years 4PN has been profitable.
4PN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 9.31%, 4PN belongs to the top of the industry, outperforming 94.44% of the companies in the same industry.
With an excellent Return On Equity value of 25.47%, 4PN belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
4PN's Return On Invested Capital of 7.64% is fine compared to the rest of the industry. 4PN outperforms 61.11% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for 4PN is above the industry average of 7.00%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.31% | ||
| ROE | 25.47% | ||
| ROIC | 7.64% |
ROA(3y)8.01%
ROA(5y)8.27%
ROE(3y)28.56%
ROE(5y)26.48%
ROIC(3y)11.44%
ROIC(5y)10.42%
1.3 Margins
4PN has a better Profit Margin (13.07%) than 94.44% of its industry peers.
4PN's Profit Margin has declined in the last couple of years.
The Operating Margin of 4PN (10.43%) is better than 77.78% of its industry peers.
In the last couple of years the Operating Margin of 4PN has declined.
4PN has a Gross Margin of 27.36%. This is in the lower half of the industry: 4PN underperforms 72.22% of its industry peers.
4PN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.43% | ||
| PM (TTM) | 13.07% | ||
| GM | 27.36% |
OM growth 3Y5.72%
OM growth 5Y-2.32%
PM growth 3Y-18.69%
PM growth 5Y-15.84%
GM growth 3Y-0.47%
GM growth 5Y-0.45%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so 4PN is still creating some value.
4PN has more shares outstanding than it did 1 year ago.
4PN has less shares outstanding than it did 5 years ago.
The debt/assets ratio for 4PN is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.77 indicates that 4PN is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.77, 4PN belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
4PN has a debt to FCF ratio of 14.85. This is a negative value and a sign of low solvency as 4PN would need 14.85 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 14.85, 4PN is doing worse than 66.67% of the companies in the same industry.
A Debt/Equity ratio of 0.70 indicates that 4PN is somewhat dependend on debt financing.
The Debt to Equity ratio of 4PN (0.70) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | 14.85 | ||
| Altman-Z | 2.77 |
ROIC/WACC0.74
WACC10.36%
2.3 Liquidity
4PN has a Current Ratio of 1.08. This is a normal value and indicates that 4PN is financially healthy and should not expect problems in meeting its short term obligations.
4PN has a worse Current ratio (1.08) than 83.33% of its industry peers.
4PN has a Quick Ratio of 1.08. This is a bad value and indicates that 4PN is not financially healthy enough and could expect problems in meeting its short term obligations.
4PN has a worse Quick ratio (0.82) than 61.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.08 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
4PN shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.31%.
4PN shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -12.93% yearly.
Looking at the last year, 4PN shows a very strong growth in Revenue. The Revenue has grown by 29.51%.
4PN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.16% yearly.
EPS 1Y (TTM)7.31%
EPS 3Y18.04%
EPS 5Y-12.93%
EPS Q2Q%-13.48%
Revenue 1Y (TTM)29.51%
Revenue growth 3Y8.18%
Revenue growth 5Y3.16%
Sales Q2Q%4.41%
3.2 Future
4PN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.12% yearly.
Based on estimates for the next years, 4PN will show a small growth in Revenue. The Revenue will grow by 5.00% on average per year.
EPS Next Y-5.05%
EPS Next 2Y5.69%
EPS Next 3Y8.96%
EPS Next 5Y9.12%
Revenue Next Year3.23%
Revenue Next 2Y1.97%
Revenue Next 3Y3.22%
Revenue Next 5Y5%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
4PN is valuated rather expensively with a Price/Earnings ratio of 24.90.
Compared to the rest of the industry, the Price/Earnings ratio of 4PN is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 28.47. 4PN is around the same levels.
Based on the Price/Forward Earnings ratio of 22.74, the valuation of 4PN can be described as rather expensive.
Based on the Price/Forward Earnings ratio, 4PN is valued a bit more expensive than the industry average as 72.22% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of 4PN to the average of the S&P500 Index (92.74), we can say 4PN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.9 | ||
| Fwd PE | 22.74 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 4PN indicates a rather expensive valuation: 4PN more expensive than 83.33% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, 4PN is valued a bit more expensive than the industry average as 72.22% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 74.33 | ||
| EV/EBITDA | 17.95 |
4.3 Compensation for Growth
4PN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y5.69%
EPS Next 3Y8.96%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.36%, 4PN has a reasonable but not impressive dividend return.
4PN's Dividend Yield is comparable with the industry average which is at 2.63.
Compared to an average S&P500 Dividend Yield of 2.28, 4PN's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.36% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
17.88% of the earnings are spent on dividend by 4PN. This is a low number and sustainable payout ratio.
DP17.88%
EPS Next 2Y5.69%
EPS Next 3Y8.96%
CARRIER GLOBAL CORP
FRA:4PN (1/24/2025, 7:00:00 PM)
66.72
-0.45 (-0.67%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners85.61%
Inst Owner ChangeN/A
Ins Owners6.62%
Ins Owner ChangeN/A
Market Cap59.86B
Analysts74.38
Price Target82.47 (23.61%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.36% |
Yearly Dividend0.74
Dividend Growth(5Y)N/A
DP17.88%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-3.65%
Min EPS beat(2)-8.31%
Max EPS beat(2)1.01%
EPS beat(4)3
Avg EPS beat(4)3.54%
Min EPS beat(4)-8.31%
Max EPS beat(4)19.59%
EPS beat(8)6
Avg EPS beat(8)3.62%
EPS beat(12)10
Avg EPS beat(12)5.76%
EPS beat(16)13
Avg EPS beat(16)6.25%
Revenue beat(2)0
Avg Revenue beat(2)-7.62%
Min Revenue beat(2)-8.93%
Max Revenue beat(2)-6.32%
Revenue beat(4)0
Avg Revenue beat(4)-5.72%
Min Revenue beat(4)-8.93%
Max Revenue beat(4)-3.42%
Revenue beat(8)2
Avg Revenue beat(8)-3.21%
Revenue beat(12)4
Avg Revenue beat(12)-1.94%
Revenue beat(16)7
Avg Revenue beat(16)-0.77%
PT rev (1m)0%
PT rev (3m)7.12%
EPS NQ rev (1m)1.83%
EPS NQ rev (3m)-10.92%
EPS NY rev (1m)-0.94%
EPS NY rev (3m)-9.4%
Revenue NQ rev (1m)-1.91%
Revenue NQ rev (3m)-5.56%
Revenue NY rev (1m)-0.63%
Revenue NY rev (3m)-2.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.9 | ||
| Fwd PE | 22.74 | ||
| P/S | 2.17 | ||
| P/FCF | 74.33 | ||
| P/OCF | 45.35 | ||
| P/B | 4.23 | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.95 |
EPS(TTM)2.68
EY4.02%
EPS(NY)2.93
Fwd EY4.4%
FCF(TTM)0.9
FCFY1.35%
OCF(TTM)1.47
OCFY2.21%
SpS30.69
BVpS15.76
TBVpS-8.28
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.31% | ||
| ROE | 25.47% | ||
| ROCE | 10.01% | ||
| ROIC | 7.64% | ||
| ROICexc | 8.26% | ||
| ROICexgc | 43.93% | ||
| OM | 10.43% | ||
| PM (TTM) | 13.07% | ||
| GM | 27.36% | ||
| FCFM | 2.92% |
ROA(3y)8.01%
ROA(5y)8.27%
ROE(3y)28.56%
ROE(5y)26.48%
ROIC(3y)11.44%
ROIC(5y)10.42%
ROICexc(3y)14.92%
ROICexc(5y)12.88%
ROICexgc(3y)40.74%
ROICexgc(5y)35.78%
ROCE(3y)15%
ROCE(5y)13.65%
ROICexcg growth 3Y7.26%
ROICexcg growth 5Y-5.22%
ROICexc growth 3Y16.6%
ROICexc growth 5Y1.05%
OM growth 3Y5.72%
OM growth 5Y-2.32%
PM growth 3Y-18.69%
PM growth 5Y-15.84%
GM growth 3Y-0.47%
GM growth 5Y-0.45%
F-Score5
Asset Turnover0.71
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | 14.85 | ||
| Debt/EBITDA | 2.56 | ||
| Cap/Depr | 51% | ||
| Cap/Sales | 1.87% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 34% | ||
| Profit Quality | 22.37% | ||
| Current Ratio | 1.08 | ||
| Quick Ratio | 0.82 | ||
| Altman-Z | 2.77 |
F-Score5
WACC10.36%
ROIC/WACC0.74
Cap/Depr(3y)93.73%
Cap/Depr(5y)89.32%
Cap/Sales(3y)1.84%
Cap/Sales(5y)1.72%
Profit Quality(3y)99.98%
Profit Quality(5y)90.54%
High Growth Momentum
Growth
EPS 1Y (TTM)7.31%
EPS 3Y18.04%
EPS 5Y-12.93%
EPS Q2Q%-13.48%
EPS Next Y-5.05%
EPS Next 2Y5.69%
EPS Next 3Y8.96%
EPS Next 5Y9.12%
Revenue 1Y (TTM)29.51%
Revenue growth 3Y8.18%
Revenue growth 5Y3.16%
Sales Q2Q%4.41%
Revenue Next Year3.23%
Revenue Next 2Y1.97%
Revenue Next 3Y3.22%
Revenue Next 5Y5%
EBIT growth 1Y45.3%
EBIT growth 3Y14.36%
EBIT growth 5Y0.77%
EBIT Next Year31.79%
EBIT Next 3Y15.9%
EBIT Next 5Y8.2%
FCF growth 1Y-29.19%
FCF growth 3Y12.81%
FCF growth 5Y2.03%
OCF growth 1Y-10.5%
OCF growth 3Y13.13%
OCF growth 5Y3.58%