Carrier Global Corporation

XTRA:4PN Stock Report

Market Cap: €66.3b

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.

Below Fair Value: 4PN (€73.47) is trading above our estimate of fair value (€58.11)

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 Ratio45x
EarningsUS$1.54b
Market CapUS$69.09b

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 Average18x
ENR Siemens Energy
31.9x23.5%€37.8b
VIB3 Villeroy & Boch
14.8x43.5%€416.4m
SIE Siemens
16.8x5.9%€138.3b
DTG Daimler Truck Holding
8.7x11.6%€29.0b
4PN Carrier Global
45x18.2%€69.1b

Price-To-Earnings vs Peers: 4PN is expensive based on its Price-To-Earnings Ratio (45x) compared to the peer average (18x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
4PN 45.0xIndustry Avg. 19.9xNo. of Companies13PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 4PN is expensive based on its Price-To-Earnings Ratio (45x) compared to the European Building industry average (19.9x).

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 Ratio45x
Fair PE Ratio27x

Price-To-Earnings vs Fair Ratio: 4PN is expensive based on its Price-To-Earnings Ratio (45x) compared to the estimated Fair Price-To-Earnings Ratio (27x).

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€73.47
€76.93
+4.7%
12.2%€89.70€50.04n/a20
Nov ’25€67.18
€73.85
+9.9%
12.6%€87.83€49.00n/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€45.55n/a18
Dec ’24€48.42
€52.07
+7.5%
8.8%€61.56€44.10n/a20
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
Dec ’23€42.50
€43.34
+2.0%
9.4%€53.10€36.69€48.4218
Nov ’23€40.21
€45.23
+12.5%
9.4%€55.67€38.46€46.5019

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

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