Carrier Global Corp

  • Earnings Score
  • Moat Score
  • Safety Score
  • Market Cap $58.08B
  • PE 10
  • Debt $12.28B
  • Cash $3.97B
  • EV $66.39B
  • FCF $1.05B

Earnings

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Sales & Net Margins

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Earnings$5.60B
EBIT$2.65B
ROE39%
ROA7%
FCF$1.05B
Equity$14.40B
Growth Stability56%
PE10.36
PEG0.94
PB4.04
P/FCF55.21
P/S2.58
Price/Cash0.07
Debt/Equity0.85
Debt/FCF11.67
Net Margins25%
Gross Margins27%
Op. Margins12%
Earnings CAGR10%
Sales Growth YoY1%
Sales Growth QoQ15%
Sales CAGR6%
FCF CAGR-0%
Equity CAGR3%
Earnings Stability-0.4
Earnings Growth YoY507%
Earnings Growth QoQ471%
Earnings CAGR 5Y11%
Sales CAGR 5Y6%
FCF CAGR 5Y0%
Equity CAGR 5Y27%
Earnings CAGR 3Y5%
Sales CAGR 3Y5%
FCF CAGR 3Y12%
Equity CAGR 3Y34%
Market Cap$58.08B
Revenue$22.49B
Dividend Yield1%
Payout Ratio13%
Assets$37.40B
Total Debt$12.28B
Cash$3.97B
Shares Outstanding878.34M
EV66.39B
Earnings Score6%
Moat Score92%
Safety Score59%
Final Score52%
Working Capital2B
Current Ratio1.25
Gross Profit$5.98B
Shares Growth 3y2%
Equity Growth QoQ-4%
Equity Growth YoY60%

Assets & ROA

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Stockholders Equity & ROE

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Carrier Global manufactures heating, ventilation, and air conditioning, refrigeration, and fire and security products. The HVAC business serves both residential and commercial markets (HVAC segment sales mix is 60% commercial and 40% residential). Carrier's refrigeration segment consists of its transportation refrigeration, Sensitech supply chain monitoring, and commercial refrigeration businesses. The firm's fire and security business manufactures fire detection and suppression, access controls, and intrusion detection products.

SEC Filings

Direct access to Carrier Global Corp (CARR) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2023
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2022
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31

Sector Comparison

How does Carrier Global Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Carrier Global Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 10%
Stability -40%
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Carrier Global Corp Discounted Cash Flow

Fully customizable DCF calculator online for Carrier Global Corp.

= $10B
012345678910TV
fcf$1.1B$1B$1B$1B$1B$1B$1B$1B$1B$1B$1B$10B
DCF$953M$863M$781M$708M$641M$580M$526M$476M$431M$390M$3.9B
Value$10B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12/201812/201912/202012/202112/202212/202312/2024TTM
Net Margins14%11%11%8%17%6%25%25%
ROA-12%12%10%17%7%7%7%
ROE-15%30%23%44%15%39%39%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12/201812/201912/202012/202112/202212/202312/2024TTM
Debt over FCF-0.317.615.226.366.6911.6711.67
Debt over Equity-0.041.61.391.091.590.850.85
Growth Stability---73%100%56%100%56%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12/201812/201912/202012/202112/202212/202312/2024CAGR 5Y
Revenue YoY growth--2%-6%18%-1%8%2%6%
Earnings YoY growth--23%-6%-16%112%-62%315%11%
Equity YoY growth-1%-54%8%14%12%60%27%
FCF YoY growth-2%-24%37%-27%54%-51%0%