OTIS - Otis Worldwide Corporation
NYSE
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Industrials
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Specialty Industrial Machinery
Farmington,
United States
Type: Equity
OTIS price evolution
OTIS
| (in millions $) | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $884 | $1274 | $1636 | $1219 |
| Short term investments | ||||
| Net receivables | $3654 | $3538 | $3455 | $3497 |
| Inventory | $593 | $612 | $624 | $640 |
| Total current assets | $6138 | $6400 | $6749 | $6417 |
| Long term investments | ||||
| Property, plant & equipment | $1118 | $1143 | $1125 | $1153 |
| Goodwill & intangible assets | $1918 | $1923 | $1883 | $1934 |
| Total noncurrent assets | $3653 | $3717 | $3641 | $3718 |
| Total investments | ||||
| Total assets | $9791 | $10117 | $10390 | $10135 |
| Current liabilities | ||||
| Accounts payable | $1641 | $1878 | $1655 | $1744 |
| Deferred revenue | $2951 | $2696 | $2784 | $2889 |
| Short long term debt | $35 | $32 | $585 | $746 |
| Total current liabilities | $6318 | $6479 | $6749 | $7158 |
| Long term debt | $7130 | $7158 | $7115 | $6425 |
| Total noncurrent liabilities | $8289 | $8358 | $8251 | $7602 |
| Total debt | $7165 | $7190 | $7700 | $7171 |
| Total liabilities | $14607 | $14837 | $15000 | $14760 |
| Shareholders' equity | ||||
| Retained earnings | -$1794 | -$2005 | -$2183 | -$2419 |
| Other shareholder equity | -$756 | -$750 | -$648 | -$689 |
| Total shareholder equity | -$5024 | -$4924 | -$4788 | -$4852 |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $1274 | $1194 | $3475 | $1782 |
| Short term investments | ||||
| Net receivables | $3538 | $4021 | $3232 | $3148 |
| Inventory | $612 | $617 | $622 | $659 |
| Total current assets | $6400 | $6143 | $8261 | $6493 |
| Long term investments | ||||
| Property, plant & equipment | $1143 | $1168 | $1300 | $1316 |
| Goodwill & intangible assets | $1923 | $1936 | $2086 | $2257 |
| Total noncurrent assets | $3717 | $3676 | $4018 | $4217 |
| Total investments | ||||
| Total assets | $10117 | $9819 | $12279 | $10710 |
| Current liabilities | ||||
| Accounts payable | $1878 | $1717 | $1556 | $1453 |
| Deferred revenue | $2696 | $2662 | $2674 | $2542 |
| Short long term debt | $32 | $670 | $24 | $701 |
| Total current liabilities | $6479 | $6843 | $6247 | $6673 |
| Long term debt | $7158 | $6098 | $7585 | $5629 |
| Total noncurrent liabilities | $8358 | $7640 | $9016 | $7238 |
| Total debt | $7190 | $7083 | $7609 | $6330 |
| Total liabilities | $14837 | $14689 | $15263 | $13911 |
| Shareholders' equity | ||||
| Retained earnings | -$2005 | -$2865 | -$2256 | -$3076 |
| Other shareholder equity | -$750 | -$592 | -$763 | -$815 |
| Total shareholder equity | -$4924 | -$4870 | -$3625 | -$3832 |
| (in millions $) | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $3437 | $3620 | $3523 | $3720 |
| Cost of revenue | $2409 | $2552 | $2477 | $2637 |
| Gross Profit | $1028 | $1068 | $1046 | $1083 |
| Operating activities | ||||
| Research & development | $36 | $37 | $36 | $36 |
| Selling, general & administrative | $462 | $498 | $452 | $479 |
| Total operating expenses | $498 | $535 | $488 | $515 |
| Operating income | $530 | $533 | $558 | $568 |
| Income from continuing operations | ||||
| EBIT | $523 | $497 | $552 | $548 |
| Income tax expense | $126 | $133 | $137 | $135 |
| Interest expense | $44 | $41 | $39 | $37 |
| Net income | ||||
| Net income | $353 | $323 | $376 | $376 |
| Income (for common shares) | $353 | $323 | $376 | $376 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $14209 | $13685 | $14298 | $12756 |
| Cost of revenue | $10016 | $9765 | $10105 | $8977 |
| Gross Profit | $4193 | $3920 | $4193 | $3779 |
| Operating activities | ||||
| Research & development | $144 | $150 | $159 | $152 |
| Selling, general & administrative | $1884 | $1763 | $1948 | $1924 |
| Total operating expenses | $2028 | $1913 | $2107 | $2076 |
| Operating income | $2165 | $2007 | $2086 | $1703 |
| Income from continuing operations | ||||
| EBIT | $2089 | $1915 | $1923 | $1483 |
| Income tax expense | $533 | $519 | $541 | $455 |
| Interest expense | $150 | $143 | $136 | $122 |
| Net income | ||||
| Net income | $1406 | $1253 | $1246 | $906 |
| Income (for common shares) | $1406 | $1253 | $1246 | $906 |
| (in millions $) | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 |
|---|---|---|---|---|
| Net income | $353 | $323 | $376 | $376 |
| Operating activities | ||||
| Depreciation | $44 | $48 | $46 | $52 |
| Business acquisitions & disposals | -$30 | -$9 | -$7 | -$4 |
| Stock-based compensation | $16 | $15 | $15 | $19 |
| Total cash flows from operations | $171 | $597 | $306 | $446 |
| Investing activities | ||||
| Capital expenditures | -$31 | -$42 | -$34 | -$37 |
| Investments | -$22 | -$2 | ||
| Total cash flows from investing | -$79 | -$51 | -$41 | -$70 |
| Financing activities | ||||
| Dividends paid | -$138 | -$139 | -$139 | -$141 |
| Sale and purchase of stock | -$300 | -$225 | -$225 | -$175 |
| Net borrowings | $3 | -$557 | $594 | $89 |
| Total cash flows from financing | -$467 | -$932 | $167 | -$244 |
| Effect of exchange rate | -$18 | $25 | -$18 | -$26 |
| Change in cash and equivalents | -$393 | -$361 | $414 | $106 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | $1406 | $1253 | $1246 | $906 |
| Operating activities | ||||
| Depreciation | $193 | $191 | $203 | $191 |
| Business acquisitions & disposals | -$36 | $15 | -$80 | -$53 |
| Stock-based compensation | $64 | $67 | $65 | $63 |
| Total cash flows from operations | $1627 | $1560 | $1750 | $1480 |
| Investing activities | ||||
| Capital expenditures | -$138 | -$115 | -$156 | -$183 |
| Investments | -$24 | -$7 | $40 | -$51 |
| Total cash flows from investing | -$183 | -$33 | -$89 | -$353 |
| Financing activities | ||||
| Dividends paid | -$539 | -$465 | -$393 | -$260 |
| Sale and purchase of stock | -$800 | -$850 | -$725 | |
| Net borrowings | $94 | -$387 | $1350 | $5904 |
| Total cash flows from financing | -$1350 | -$3652 | $58 | -$844 |
| Effect of exchange rate | -$9 | -$157 | -$43 | $59 |
| Change in cash and equivalents | $85 | -$2282 | $1676 | $342 |
News
Fundamentals
| Market cap | $37.96B |
|---|---|
| Enterprise value | $44.24B |
| Shares outstanding | 404.30M |
| Revenue | $14.30B |
|---|---|
| EBITDA | $2.31B |
| EBIT | $2.12B |
| Net Income | $1.43B |
| Revenue Q/Q | 2.72% |
| Revenue Y/Y | 5.02% |
| P/E ratio | 26.58 |
|---|---|
| EV/Sales | 3.09 |
| EV/EBITDA | 19.15 |
| EV/EBIT | 20.87 |
| P/S ratio | 2.65 |
| P/B ratio | -8.89 |
| Book/Share | -10.56 |
| Cash/Share | 2.19 |
| EPS | $3.53 |
|---|---|
| ROA | 14.13% |
| ROE | -29.16% |
| Debt/Equity | -3.01 |
|---|---|
| Net debt/EBITDA | 5.94 |
| Current ratio | 0.97 |
| Quick ratio | 0.88 |