Carrier Global Corporation

XTRA:4PN Stock Report

Market Cap: €60.8b

Carrier Global Valuation

Is 4PN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 4PN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€58.33
Fair Value
17.1% overvalued intrinsic discount
21
Number of Analysts

Below Fair Value: 4PN (€68.33) is trading above our estimate of fair value (€58.33)

Significantly Below Fair Value: 4PN is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4PN?

Key metric: As 4PN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 4PN. This is calculated by dividing 4PN's market cap by their current earnings.
What is 4PN's PE Ratio?
PE Ratio40.7x
EarningsUS$1.54b
Market CapUS$62.50b

Price to Earnings Ratio vs Peers

How does 4PN's PE Ratio compare to its peers?

The above table shows the PE ratio for 4PN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.6x
ENR Siemens Energy
34.6x22.5%€41.0b
VIB3 Villeroy & Boch
14.5x43.5%€409.8m
DTG Daimler Truck Holding
9.1x12.5%€30.4b
RHM Rheinmetall
44x29.9%€30.1b
4PN Carrier Global
40.7x18.3%€62.5b

Price-To-Earnings vs Peers: 4PN is expensive based on its Price-To-Earnings Ratio (40.7x) compared to the peer average (25.6x).

Price to Earnings Ratio vs Industry

How does 4PN's PE Ratio compare vs other companies in the European Building Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
4PN 40.7xIndustry Avg. 20.0xNo. of Companies13PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 4PN is expensive based on its Price-To-Earnings Ratio (40.7x) compared to the European Building industry average (20x).

Price to Earnings Ratio vs Fair Ratio

What is 4PN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

4PN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio40.7x
Fair PE Ratio26.4x

Price-To-Earnings vs Fair Ratio: 4PN is expensive based on its Price-To-Earnings Ratio (40.7x) compared to the estimated Fair Price-To-Earnings Ratio (26.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 4PN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€68.33
€78.53
+14.9%
12.3%€92.24€51.46n/a21
Jan ’26€65.45
€78.58
+20.1%
12.1%€91.35€50.43n/a22
Dec ’25€73.59
€77.87
+5.8%
12.1%€90.52€50.50n/a20
Nov ’25€67.18
€73.87
+10.0%
12.6%€87.86€49.01n/a20
Oct ’25€72.15
€67.31
-6.7%
10.2%€79.50€47.88n/a19
Sep ’25€64.90
€63.95
-1.5%
8.8%€73.13€47.85n/a19
Aug ’25€61.77
€64.50
+4.4%
9.5%€75.06€49.12n/a19
Jul ’25€58.04
€61.37
+5.7%
10.3%€75.69€49.52n/a19
Jun ’25€57.38
€59.83
+4.3%
9.4%€73.15€49.07n/a19
May ’25€58.49
€59.13
+1.1%
9.4%€73.85€46.74n/a20
Apr ’25€53.60
€56.16
+4.8%
7.3%€65.68€46.25n/a20
Mar ’25€51.75
€56.16
+8.5%
7.3%€65.68€46.25n/a20
Feb ’25€50.60
€55.06
+8.8%
7.6%€61.57€45.95n/a19
Jan ’25€51.90
€53.12
+2.3%
7.1%€61.04€45.55€65.4518
Dec ’24€48.42
€52.07
+7.5%
8.8%€61.56€44.10€73.5920
Nov ’24€46.50
€53.59
+15.3%
9.2%€63.11€45.21€67.1819
Oct ’24€52.50
€56.52
+7.7%
8.5%€63.78€43.79€72.1519
Sep ’24€53.60
€54.00
+0.7%
10.0%€61.75€42.40€64.9019
Aug ’24€54.20
€52.79
-2.6%
10.5%€60.93€41.83€61.7719
Jul ’24€45.58
€44.55
-2.3%
6.7%€50.39€40.31€58.0419
Jun ’24€38.48
€45.30
+17.7%
6.4%€51.46€41.17€57.3819
May ’24€39.20
€44.10
+12.5%
6.5%€50.13€40.11€58.4918
Apr ’24n/a
€45.70
0%
7.1%€50.96€37.06€53.6019
Mar ’24€42.46
€45.96
+8.2%
7.0%€51.58€37.52€51.7518
Feb ’24€41.23
€43.90
+6.5%
7.9%€50.77€36.92€50.6018
Jan ’24€38.92
€43.09
+10.7%
9.6%€51.76€35.76€51.9018
Analyst Price Target
Consensus Narrative from 21 Analysts
€79.34
Fair Value
13.9% undervalued intrinsic discount
21
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/20 09:21
End of Day Share Price 2025/01/17 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Carrier Global Corporation is covered by 31 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullArgus Research Company
Timothy WojsBaird
Julian MitchellBarclays