CARRIER GLOBAL CORP (4PN.DE) Stock Fundamental Analysis
FRA:4PN - Deutsche Boerse Ag - US14448C1045 - Common Stock - Currency: EUR
Overall 4PN gets a fundamental rating of 4 out of 10. We evaluated 4PN against 20 industry peers in the Building Products industry. 4PN has a medium profitability rating, but doesn't score so well on its financial health evaluation. 4PN is quite expensive at the moment. 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.
4PN had positive earnings in each of the past 5 years.
In the past 5 years 4PN always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of 4PN (9.31%) is better than 94.44% of its industry peers.
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.
The Return On Invested Capital of 4PN (7.64%) is better than 61.11% of its industry peers.
The Average Return On Invested Capital over the past 3 years for 4PN is above the industry average of 9.17%.
| 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
Looking at the Profit Margin, with a value of 13.07%, 4PN belongs to the top of the industry, outperforming 94.44% of the companies in the same industry.
In the last couple of years the Profit Margin of 4PN has declined.
Looking at the Operating Margin, with a value of 10.43%, 4PN is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
In the last couple of years the Operating Margin of 4PN has declined.
Looking at the Gross Margin, with a value of 27.36%, 4PN is doing worse than 72.22% of the companies in the same industry.
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
4PN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is 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.
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.
With a Debt to FCF ratio value of 14.85, 4PN is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
A Debt/Equity ratio of 0.70 indicates that 4PN is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.70, 4PN is in line with its industry, outperforming 44.44% of the companies in the same 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
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.
A Quick Ratio of 0.82 indicates that 4PN may have some problems paying its short term obligations.
4PN has a Quick ratio of 0.82. This is in the lower half of the industry: 4PN underperforms 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.
The earnings per share for 4PN have been decreasing by -12.93% on average. This is quite bad
The Revenue has grown by 29.51% in the past year. This is a very strong growth!
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
Based on estimates for the next years, 4PN will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.12% on average per year.
4PN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.00% yearly.
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
Based on the Price/Earnings ratio of 24.90, the valuation of 4PN can be described as rather expensive.
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.
Based on the Price/Forward Earnings ratio of 22.74, the valuation of 4PN can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of 4PN indicates a slightly more expensive valuation: 4PN is more expensive than 72.22% of the companies listed in the same industry.
4PN is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 21.76, 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
83.33% of the companies in the same industry are cheaper than 4PN, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of 4PN indicates a slightly more expensive valuation: 4PN is more expensive than 72.22% of the companies listed in the same industry.
| 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.
Compared to an average industry Dividend Yield of 4.08, 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 2.37.
| 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%
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%