| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 2/6 |
| Past Performance | 3/6 |
| Financial Health | 2/6 |
| Dividends | 2/6 |
CARR Stock Overview
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide.
Rewards
Risk Analysis
Carrier Global Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$47.21 |
| 52 Week High | US$58.89 |
| 52 Week Low | US$34.21 |
| Beta | 0 |
| 1 Month Change | -10.62% |
| 3 Month Change | -11.19% |
| 1 Year Change | 26.50% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | 293.42% |
Recent News & Updates
Carrier Global Corporation's (NYSE:CARR) Share Price Not Quite Adding Up
Carrier Global Corporation's ( NYSE:CARR ) price-to-earnings (or "P/E") ratio of 20.9x might make it look like a sell...
Carrier: Getting Some Chills
Carrier has done great since being spun off from UTC. The operating performance has been resilient, as expectations of investors have only been on the increase. This re-rating has been largely warranted, yet I think that it has been a bit too much here.
Carrier Global's (NYSE:CARR) Upcoming Dividend Will Be Larger Than Last Year's
Carrier Global Corporation ( NYSE:CARR ) will increase its dividend on the 10th of February to US$0.15. This takes the...
Carrier Global (NYSE:CARR) Has A Pretty Healthy Balance Sheet
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Shareholder Returns
| CARR | US Building | US Market | |
|---|---|---|---|
| 7D | -4.9% | -4.7% | -5.1% |
| 1Y | 26.5% | 18.8% | 3.3% |
Return vs Industry: CARR exceeded the US Building industry which returned 18.5% over the past year.
Return vs Market: CARR exceeded the US Market which returned 4.2% over the past year.
Price Volatility
| CARR volatility | |
|---|---|
| CARR Average Weekly Movement | 3.9% |
| Building Industry Average Movement | 5.3% |
| Market Average Movement | 6.7% |
| 10% most volatile stocks in US Market | 15.4% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: CARR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: CARR's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2019 | 56,000 | Dave Gitlin | https://www.corporate.carrier.com |
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating and cooling needs of residential and commercial customers.
Carrier Global Fundamentals Summary
| CARR fundamental statistics | |
|---|---|
| Market Cap | US$40.91b |
| Earnings (TTM) | US$2.22b |
| Revenue (TTM) | US$20.07b |
18.4x
P/E Ratio2.0x
P/S RatioIs CARR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CARR income statement (TTM) | |
|---|---|
| Revenue | US$20.07b |
| Cost of Revenue | US$14.14b |
| Gross Profit | US$5.93b |
| Expenses | US$3.71b |
| Earnings | US$2.22b |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 08, 2022
| Earnings per share (EPS) | 2.57 |
| Gross Margin | 29.55% |
| Net Profit Margin | 11.08% |
| Debt/Equity Ratio | 134.1% |
How did CARR perform over the long term?
See historical performance and comparisonDividends
1.3%
Current Dividend Yield19%
Payout RatioValuation
Is Carrier Global undervalued compared to its fair value and its price relative to the market?
6.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CARR ($47.21) is trading below our estimate of fair value ($50.66)
Significantly Below Fair Value: CARR is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CARR is good value based on its PE Ratio (18.4x) compared to the US Building industry average (20.6x).
PE vs Market: CARR is poor value based on its PE Ratio (18.4x) compared to the US market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: CARR is poor value based on its PEG Ratio (2.4x)
Price to Book Ratio
PB vs Industry: CARR is overvalued based on its PB Ratio (5.9x) compared to the US Building industry average (2.7x).
Future Growth
How is Carrier Global forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
7.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CARR's forecast earnings growth (7.8% per year) is above the savings rate (2%).
Earnings vs Market: CARR's earnings (7.8% per year) are forecast to grow slower than the US market (13% per year).
High Growth Earnings: CARR's earnings are forecast to grow, but not significantly.
Revenue vs Market: CARR's revenue is expected to decline over the next 3 years (-0.2% per year).
High Growth Revenue: CARR's revenue is forecast to decline over the next 3 years (-0.2% 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 (28.1%)
Past Performance
How has Carrier Global performed over the past 5 years?
6.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CARR has a large one-off gain of $865.0M impacting its September 30 2021 financial results.
Growing Profit Margin: CARR's current net profit margins (11.1%) are higher than last year (8.9%).
Past Earnings Growth Analysis
Earnings Trend: CARR's earnings have grown by 6.9% per year over the past 5 years.
Accelerating Growth: CARR's earnings growth over the past year (44.6%) exceeds its 5-year average (6.9% per year).
Earnings vs Industry: CARR earnings growth over the past year (44.6%) underperformed the Building industry 45%.
Return on Equity
High ROE: Whilst CARR's Return on Equity (31.24%) 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 ($11.3B) exceed its short term liabilities ($6.1B).
Long Term Liabilities: CARR's short term assets ($11.3B) do not cover its long term liabilities ($12.5B).
Debt to Equity History and Analysis
Debt Level: CARR's net debt to equity ratio (97.2%) 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 (15.7%).
Interest Coverage: CARR's interest payments on its debt are well covered by EBIT (7.4x coverage).
Balance Sheet
Dividend
What is Carrier Global current dividend yield, its reliability and sustainability?
1.27%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CARR's dividend (1.27%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.36%).
High Dividend: CARR's dividend (1.27%) is low compared to the top 25% of dividend payers in the US market (3.57%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, CARR has been paying a dividend for less than 10 years.
Growing Dividend: CARR's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (18.7%), CARR's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CARR's dividends in 3 years are forecast to be well covered by earnings (27.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.4yrs
Average management tenure
CEO
Dave Gitlin (52 yo)
2.58yrs
Tenure
US$15,440,951
Compensation
Mr. David L. Gitlin, also known as Dave, serves Chief Executive Officer of Carrier Corporation since June 2019 & has been its Director since April 03, 2020 and also serves as its Chairman since April 19, 2...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD15.44M) is above average for companies of similar size in the US market ($USD11.47M).
Compensation vs Earnings: Dave's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: CARR's management team is considered experienced (2.4 years average tenure).
Board Members
Experienced Board: CARR's board of directors are not considered experienced ( 1.8 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 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
- Implied Market Cap: US$40.911b
- Shares outstanding: 866.58m
- Website: https://www.corporate.carrier.com
Number of Employees
Location
- Carrier Global Corporation
- 13995 Pasteur Boulevard
- Palm Beach Gardens
- Florida
- 33418
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/26 00:57 |
| End of Day Share Price | 2022/01/25 00:00 |
| Earnings | 2021/09/30 |
| 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.