Johnson Controls International Plc

Industrials
Industrial Machinery/Components
www.johnsoncontrols.com

Earnings Score
Moat Score
Safety Score

Market Cap $58.70B
PE 34
Debt $9.47B
Cash $1.26B
EV $66.92B
FCF $1.41B

Earnings

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Sales & Net Margins

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Earnings	$1.75B
EBIT	$1.53B
ROE	10%
ROA	4%
FCF	$1.41B
Equity	$17.13B
Growth Stability	20%
PE	33.54
PEG	4.57
PB	3.43
P/FCF	41.63
P/S	2.63
Price/Cash	0.02
Debt/Equity	0.55
Debt/FCF	6.72
Net Margins	8%
Gross Margins	36%
Op. Margins	7%
Earnings CAGR	5%
Sales Growth YoY	-11%
Sales Growth QoQ	85%
Sales CAGR	2%
FCF CAGR	6%
Equity CAGR	9%
Earnings Stability	0.02
Earnings Growth YoY	12%
Earnings Growth QoQ	-34%
Earnings CAGR 5Y	7%

Sales CAGR 5Y	3%
FCF CAGR 5Y	-11%
Equity CAGR 5Y	-2%
Earnings CAGR 3Y	-2%
Sales CAGR 3Y	-2%
FCF CAGR 3Y	18%
Equity CAGR 3Y	-0%
Market Cap	$58.70B
Revenue	$22.28B
Dividend Yield	2%
Payout Ratio	57%
Assets	$42.10B
Total Debt	$9.47B
Cash	$1.26B
Shares Outstanding	660.59M
EV	66.92B
Earnings Score	6%
Moat Score	71%
Safety Score	52%
Final Score	43%
Working Capital	206M
Current Ratio	1.02
Gross Profit	$8.01B
Shares Growth 3y	-2%
Equity Growth QoQ	-1%
Equity Growth YoY	-4%

Assets & ROA

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Stockholders Equity & ROE

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Johnson Controls manufactures, installs, and services HVAC systems, building management systems and controls, industrial refrigeration systems, and fire and security solutions. Commercial HVAC accounts for about 40% of sales, fire and security represents another 40% of sales, and residential HVAC, industrial refrigeration, and other solutions account for the remaining 20% of revenue. In fiscal 2021, Johnson Controls generated over $23.5 billion in revenue.

SEC Filings

Direct access to Johnson Controls International Plc (JCI) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

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

Sector Comparison

How does Johnson Controls International Plc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Johnson Controls International Plc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 5%

Stability 2%

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Johnson Controls International Plc Discounted Cash Flow

Fully customizable DCF calculator online for Johnson Controls International Plc.

Years

Calculation mode

= $21B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$1.4B	$1.5B	$1.6B	$1.7B	$1.8B	$1.9B	$2B	$2.1B	$2.2B	$2.4B	$2.5B	$25B
DCF		$1.4B	$1.3B	$1.3B	$1.2B	$1.2B	$1.1B	$1.1B	$1B	$1B	$970M	$9.7B
Value	$21B

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.

Years	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	TTM
Net Margins	6%	-2%	5%	7%	24%	3%	7%	6%	7%	7%	8%
ROA	-	3%	5%	6%	2%	2%	6%	4%	4%	4%	4%
ROE	-	-3%	8%	10%	27%	3%	9%	9%	10%	10%	10%

Net Margins (7.72%)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

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.

Years	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	TTM
Debt over FCF	-	25.31	-10.23	7.44	6.69	3.97	4	6.57	5.44	8.86	6.72
Debt over Equity	1.01	0.65	0.64	0.49	0.37	0.44	0.43	0.53	0.52	0.55	0.55
Growth Stability	-	-	-	100%	100%	20%	58%	58%	100%	100%	20%

Bad Debt/FCF ratio (6.72)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.55)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (20%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

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.

Years	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	CAGR 5Y
Revenue YoY growth	-	280%	-20%	4%	-24%	-7%	6%	7%	6%	-14%	3%
Earnings YoY growth	-	-258%	-286%	34%	162%	-89%	159%	-6%	21%	-8%	7%
Equity YoY growth	-	516%	-15%	5%	-7%	-11%	1%	-7%	2%	-2%	-2%
FCF YoY growth	-	118%	-306%	-211%	-22%	76%	-2%	-30%	20%	-36%	-11%