Carrier Global
Market Cap
US$37.2b
Last Updated
2021/04/10 23:07 UTC
Data Sources
Company Financials +
Executive Summary
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Slightly overvalued with limited growth.
Similar Companies
Share Price & News
How has Carrier Global's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CARR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: CARR's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
1.7%
CARR
0.6%
US Building
1.6%
US Market
1 Year Return
189.2%
CARR
99.3%
US Building
55.3%
US Market
Return vs Industry: CARR exceeded the US Building industry which returned 99.3% over the past year.
Return vs Market: CARR exceeded the US Market which returned 55.3% over the past year.
Shareholder returns
| CARR | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.7% | 0.6% | 1.6% |
| 30 Day | 9.0% | 6.6% | 4.1% |
| 90 Day | 5.1% | 12.5% | 5.5% |
| 1 Year | 191.9%189.2% | 101.9%99.3% | 58.1%55.3% |
| 3 Year | n/a | 85.7%71.0% | 63.8%53.3% |
| 5 Year | n/a | 134.6%103.6% | 120.2%95.7% |
Long-Term Price Volatility Vs. Market
How volatile is Carrier Global's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Shareholders Are Thrilled That The Carrier Global (NYSE:CARR) Share Price Increased 181%3 weeks ago | Simply Wall St
President of Fire & Security Jurgen Timperman Just Sold A Bunch Of Shares In Carrier Global Corporation (NYSE:CARR)1 month ago | Simply Wall St
How Does Carrier Global Corporation (NYSE:CARR) Fare As A Dividend Stock?Valuation
Is Carrier Global undervalued compared to its fair value and its price relative to the market?
18.69x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CARR ($42.75) is trading above our estimate of fair value ($29.4)
Significantly Below Fair Value: CARR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CARR is good value based on its PE Ratio (18.7x) compared to the US Building industry average (24.7x).
PE vs Market: CARR is good value based on its PE Ratio (18.7x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: CARR is poor value based on its PEG Ratio (4x)
Price to Book Ratio
PB vs Industry: CARR is overvalued based on its PB Ratio (5.9x) compared to the US Building industry average (3.1x).
Future Growth
How is Carrier Global forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
4.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CARR's forecast earnings growth (4.7% per year) is above the savings rate (2%).
Earnings vs Market: CARR's earnings (4.7% per year) are forecast to grow slower than the US market (18.7% per year).
High Growth Earnings: CARR's earnings are forecast to grow, but not significantly.
Revenue vs Market: CARR's revenue (5.4% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: CARR's revenue (5.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CARR's Return on Equity is forecast to be high in 3 years time (23.7%)
Past Performance
How has Carrier Global performed over the past 5 years?
-6.2%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: CARR has a large one-off gain of $983.0M impacting its December 31 2020 financial results.
Growing Profit Margin: CARR's current net profit margins (11.4%) are lower than last year (11.4%).
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if CARR's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: CARR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CARR had negative earnings growth (-6.2%) over the past year, making it difficult to compare to the Building industry average (26.5%).
Return on Equity
High ROE: Whilst CARR's Return on Equity (30.5%) is high, this metric is skewed due to their high level of debt.
Financial Health
How is Carrier Global's financial position?
Financial Position Analysis
Short Term Liabilities: CARR's short term assets ($8.5B) exceed its short term liabilities ($5.1B).
Long Term Liabilities: CARR's short term assets ($8.5B) do not cover its long term liabilities ($13.4B).
Debt to Equity History and Analysis
Debt Level: CARR's debt to equity ratio (155.4%) is considered high.
Reducing Debt: Insufficient data to determine if CARR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: CARR's debt is not well covered by operating cash flow (16.6%).
Interest Coverage: CARR's interest payments on its debt are well covered by EBIT (6.8x coverage).
Balance Sheet
Dividend
What is Carrier Global current dividend yield, its reliability and sustainability?
1.12%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CARR's dividend (1.12%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.27%).
High Dividend: CARR's dividend (1.12%) is low compared to the top 25% of dividend payers in the US market (3.5%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether CARR's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if CARR's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (12.2%), CARR's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CARR's dividends in 3 years are forecast to be well covered by earnings (19% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.0yrs
Average management tenure
CEO
Dave Gitlin (51 yo)
1.83yrs
Tenure
US$15,440,951
Compensation
Mr. David L. Gitlin, also known as Dave, serves as President and Chief Executive Officer of Carrier Corporation since June 2019 & has been its Director since April 03, 2020. He served as Director at United...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD15.44M) is above average for companies of similar size in the US market ($USD10.94M).
Compensation vs Earnings: Dave's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: CARR's management team is considered experienced (2 years average tenure).
Board Members
Experienced Board: CARR's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CARR insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Carrier Global Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Carrier Global Corporation
- Ticker: CARR
- Exchange: NYSE
- Founded: 2019
- Industry: Building Products
- Sector: Capital Goods
- Market Cap: US$37.162b
- Shares outstanding: 869.28m
- Website: https://www.corporate.carrier.com
Number of Employees
Location
- Carrier Global Corporation
- 13995 Pasteur Boulevard
- Palm Beach Gardens
- Florida
- 33418
- United States
Listings
Biography
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVA...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/10 23:07 |
| End of Day Share Price | 2021/04/09 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.