CARRIER GLOBAL CORP (4PN.DE) Stock Fundamental Analysis
Europe - FRA:4PN - US14448C1045 - Common Stock
66.72 EUR
-0.45 (-0.67%)
We assign a fundamental rating of 4 out of 10 to 4PN. 4PN was compared to 17 industry peers in the Building Products industry. While 4PN is still in line with the averages on profitability rating, there are concerns on its financial health. While showing a medium growth rate, 4PN is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
4PN had positive earnings in the past year.
In the past year 4PN had a positive cash flow from operations.
Each year in the past 5 years 4PN has been profitable.
In the past 5 years 4PN always reported a positive cash flow from operatings.
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.
Looking at the Return On Equity, with a value of 25.47%, 4PN belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
The Return On Invested Capital of 4PN (7.64%) is better than 61.11% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for 4PN is in line with the industry average of 9.57%.
| 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.
4PN has a better Operating Margin (10.43%) than 77.78% of its industry peers.
4PN's Operating Margin has declined in the last couple of years.
4PN has a worse Gross Margin (27.36%) than 72.22% of its industry peers.
In the last couple of years the Gross Margin of 4PN has remained more or less at the same level.
| 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
4PN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, 4PN has more shares outstanding
Compared to 5 years ago, 4PN has less shares outstanding
4PN has a worse debt/assets ratio than last year.
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.
The Altman-Z score of 4PN (2.77) is better than 83.33% of its industry peers.
The Debt to FCF ratio of 4PN is 14.85, which is on the high side as it means it would take 4PN, 14.85 years of fcf income to pay off all of its debts.
4PN has a worse Debt to FCF ratio (14.85) than 66.67% of its industry peers.
A Debt/Equity ratio of 0.70 indicates that 4PN is somewhat dependend on debt financing.
4PN's Debt to Equity ratio of 0.70 is in line compared to the rest of the industry. 4PN outperforms 44.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | 14.85 | ||
| Altman-Z | 2.77 |
ROIC/WACC0.74
WACC10.36%
2.3 Liquidity
A Current Ratio of 1.08 indicates that 4PN should not have too much problems paying its short term obligations.
With a Current ratio value of 1.08, 4PN is not doing good in the industry: 83.33% of the companies in the same industry are doing better.
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.
The Quick ratio of 4PN (0.82) is worse than 61.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.08 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 7.31% over the past year.
Measured over the past years, 4PN shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -12.93% on average per year.
The Revenue has grown by 29.51% in the past year. This is a very strong growth!
The Revenue has been growing slightly by 3.16% on average over the past years.
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
A Price/Earnings ratio of 24.90 indicates a rather expensive valuation of 4PN.
Compared to the rest of the industry, the Price/Earnings ratio of 4PN is on the same level as its industry peers.
4PN is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 22.74 indicates a rather expensive valuation of 4PN.
4PN's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. 4PN is more expensive than 72.22% of the companies in the same industry.
4PN is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.73, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.9 | ||
| Fwd PE | 22.74 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, 4PN is valued more expensive than 83.33% of the companies in the same industry.
72.22% of the companies in the same industry are cheaper than 4PN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 74.33 | ||
| EV/EBITDA | 17.95 |
4.3 Compensation for Growth
The decent profitability rating of 4PN 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
4PN has a Yearly Dividend Yield of 1.36%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 4.14, 4PN has a dividend in line with its industry peers.
With a Dividend Yield of 1.36, 4PN pays less dividend than the S&P500 average, which is at 2.45.
| 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
4PN pays out 17.88% of its income as dividend. This is a sustainable payout ratio.
DP17.88%
EPS Next 2Y5.69%
EPS Next 3Y8.96%
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%