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OTIS

79.75USD+0.92(+1.17%)Market Closed

Otis Worldwide Corp

Market Summary

USD79.75+0.92Market Closed
1.17%

OTIS Stock Price

RSI Chart

Valuation

Market Cap

30.2B

Price/Earnings

24.42

Price/Sales

2.19

Price/Cashflow

22

MarketCap/EBT

16.07

Price/Sales

Profitability

EBT Margin

13.61%

Return on Assets

13.24%

Fundamentals

Revenue

Revenue (TTM)

13.8B

Revenue Y/Y

-7.62%

Revenue Q/Q

-4.13%

Earnings

Earnings (TTM)

1.2B

Earnings Y/Y

-2.11%

Earnings Q/Q

0.93%

Price Action

52 Week Range

86.96
(Low)(High)

Last 7 days

1.4%

Last 30 days

14.0%

Last 90 days

11.6%

Trailing 12 Months

-2.3%

Financial Health

Current Ratio

0.97

Debt/Cashflow

0.21

Investor Care

Dividend Yield

1.48%

Dividend/Share (TTM)

1.06

Buy Backs (1Y)

1.52%

Diluted EPS (TTM)

2.92

Peers (Alternatives to Otis Worldwide)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
116.5B
56.6B
10.06% 22.81%
17.23
2.16
16.98% 53.73%
65.8B
15.6B
8.93% -0.53%
24.83
4.2
9.75% -0.82%
37.4B
16.3B
5.36% -0.76%
28.47
2.36
9.76% -24.65%
30.2B
13.8B
14.01% -2.35%
24.42
2.19
-2.86% 1.73%
12.9B
2.5B
9.29% -7.17%
26.81
5.16
7.95% 33.10%
MID-CAP
7.6B
3.9B
6.00% -18.78%
15.83
2.05
24.21% -7.22%
5.6B
2.4B
8.20% -8.71%
33.32
2.41
6.10% -17.71%
4.8B
1.7B
18.41% -4.14%
82.48
2.87
18.62% 40.24%
3.9B
1.9B
-0.10% 8.41%
208.01
2.01
5.25% -87.42%
3.8B
2.0B
5.80% -6.50%
21.35
1.98
28.15% 34.53%
SMALL-CAP
1.8B
1.4B
1.44% 5.86%
21.38
1.25
15.70% 16.86%
1.5B
571.2M
-1.30% 16.73%
93.33
2.56
8.05% -58.80%
1.2B
740.3M
9.87% 3.40%
18.94
1.58
8.78% 49.97%
1.1B
1.1B
8.17% -20.07%
21.94
1.03
-0.90% -15.29%
43.3M
30.9M
5.03% 22.59%
19.33
1.4
37.13% 110.69%

Financials for Otis Worldwide

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-2.0%13,81514,09114,30414,29814,222
  S&GA Expenses-3.3%1,8181,8801,9251,9481,982
  R&D Expenses-1.2%158160161159153
Earnings Before Taxes-0.7%1,8801,8941,9751,9611,911
Net Income-0.6%1,2371,2441,2491,2461,216
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-5.8%9,3429,91311,79512,27910,472
  Current Assets-5.2%5,8296,1507,8448,2616,375
    Cash Equivalents-15.1%1,0341,2181,2351,5651,553
  Inventory1.2%603596626622628
  Net PPE-4.4%692724757774775
  Goodwill-6.6%1,4481,5501,6361,6671,702
Liabilities-4.0%14,07514,66515,14515,26313,705
  Current Liabilities-5.5%5,9926,3386,6516,2476,363
.    Short Term Borrowings27.2%10381512438
  Long Term Debt-2.2%6,4596,6026,6947,2495,458
    LT Debt, CurrentNaN%-----
    LT Debt, Non Current-2.2%6,4596,6026,6947,2495,458
  Retained Earnings6.3%-3,042.00-3,245.00-3,529.00-2,256.00-2,404.00
Accumulated Depreciation-5.4%1,0791,1411,1441,1561,173
Shares Outstanding-0.7%421424426--
Minority Interest-52.3%52109107481559
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-7.8%1,3731,4891,6691,7501,782
  Share Based Compensation-7.9%5863666569
Cashflow From Investing231.3%42-32.00-56.00-89.00-133.00
Cashflow From Financing12.2%-1,723.00-1,963.00-191.0058-1,876.00
  Dividend Payments4.9%428408393378
  Buy Backs13.1%700619625725725

Risks

What is the probability of a big loss on OTIS?

27.5%


Probability that Otis Worldwide stock will be more than 20% underwater in next one year

0%


Probability that Otis Worldwide stock will be more than 30% underwater in next one year.

0%


Probability that Otis Worldwide stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does OTIS drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Otis Worldwide was unfortunately bought at previous high price.

Returns

Cumulative Returns on OTIS

Which funds bought or sold OTIS recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
London & Capital Asset Management Ltd
-
-
-1,396,000
18,191,000
1.70%
2022-11-23
Eagle Bay Advisors LLC
REDUCED
-4.42
-8,317
54,000
0.03%
2022-11-23
Toroso Investments, LLC
REDUCED
-22.37
-232,000
544,000
0.02%
2022-11-22
CVA Family Office, LLC
-
-
-1,000
30,000
0.01%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
2,484,000
2,484,000
0.03%
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
21.94
44,000
482,000
0.01%
2022-11-21
DEARBORN PARTNERS LLC
-
-
-1,491,000
-
-%
2022-11-21
ST GERMAIN D J CO INC
-
-
-
204,000
0.01%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-7,095,000
44,959,000
0.08%
2022-11-21
DEARBORN PARTNERS LLC
-
-
-143,000
1,348,000
0.06%

1–10 of 45

Latest Funds Activity

Are funds buying OTIS calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own OTIS

Otis Worldwide News

MarketWatch

Otis Worldwide Corp. stock rises Friday, outperforms market.35 hours ago

OTIS Fair Value

Recent SEC filings of Otis Worldwide

View All Filings
Date Filed Form Type Document
Nov 15, 2022
4
Insider Trading
Nov 15, 2022
4
Insider Trading
Nov 15, 2022
4
Insider Trading
Nov 15, 2022
4
Insider Trading
Oct 31, 2022
3
Insider Trading
Oct 31, 2022
4
Insider Trading
Oct 27, 2022
10-Q
Quarterly Report
Oct 26, 2022
8-K
Current Report
Oct 24, 2022
8-K
Current Report
Oct 05, 2022
4
Insider Trading

Latest Insider Trading transactions for OTIS

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-11
Ryan Michael Patrick
ACQUIRED
2,243.73
77.37
29
VP, CAO & Controller
2022-11-11
LaFreniere Nora E.
SOLD FOR TAXES
-11,992.3
77.37
-155
EVP & General Counsel
2022-11-11
Zheng Peiming
ACQUIRED
11,141.3
77.37
144
President, Otis China
2022-11-11
LaFreniere Nora E.
ACQUIRED
11,992.3
77.37
155
EVP & General Counsel
2022-11-11
Cramer James F.
SOLD FOR TAXES
-10,677.1
77.37
-138
President, Otis Americas
2022-11-11
Cramer James F.
ACQUIRED
10,677.1
77.37
138
President, Otis Americas
2022-11-11
Zheng Peiming
SOLD FOR TAXES
-11,141.3
77.37
-144
President, Otis China
2022-11-11
Ryan Michael Patrick
SOLD FOR TAXES
-2,243.73
77.37
-29
VP, CAO & Controller
2022-08-08
Ryan Michael Patrick
SOLD
-237,172
79.508
-2,983
VP, CAO & Controller
2022-08-02
GHAI RAHUL
SOLD
-389,354
77.8707
-5,000
EVP, CFO

1–10 of 50

Judith F. Marks
65535
Otis Worldwide Corporation manufactures, installs, and services elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. It had a network of approximately 34,000 service mechanics operating approximately 1,400 branches and offices. The company was founded in 1853 and is headquartered in Farmington, Connecticut.

OTIS Income Statement

2022-09-30
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net sales:    
Revenues$ 3,344$ 3,620$ 10,246$ 10,729
Costs and expenses:    
Research and development3739112113
Selling, general and administrative4174791,3151,445
Costs and expenses2,8273,0788,7139,133
Other income (expense), net120916
Operating profit5295421,5421,612
Non-service pension cost (benefit)1226
Interest expense (income), net353310792
Net income before income taxes4935071,4331,514
Income tax expense143128382404
Net income3503791,0511,110
Less: Noncontrolling interest in subsidiaries' earnings264895145
Net income attributable to Otis Worldwide Corporation$ 324$ 331$ 956$ 965
Earnings per share (Note 2):    
Basic (in usd per share)$ 0.77$ 0.78$ 2.27$ 2.25
Diluted (in usd per share)$ 0.77$ 0.77$ 2.25$ 2.23
Weighted average number of shares outstanding:    
Basic shares (in shares)418,500,000425,800,000421,300,000428,500,000
Diluted shares (in shares)421,200,000430,600,000424,300,000432,000,000.0
Product sales    
Net sales:    
Revenues$ 1,447$ 1,681$ 4,403$ 4,866
Costs and expenses:    
Cost of products and services sold1,2081,3813,6893,986
Service sales    
Net sales:    
Revenues1,8971,9395,8435,863
Costs and expenses:    
Cost of products and services sold$ 1,165$ 1,179$ 3,597$ 3,589

OTIS Balance Sheet

2022-09-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Assets  
Cash and cash equivalents$ 1,034$ 1,565
Restricted cash71,910
Accounts receivable (net of allowance for expected credit losses of $156 and $175)3,1033,232
Contract assets641550
Inventories603622
Other current assets441382
Total Current Assets5,8298,261
Future income tax benefits290335
Fixed assets (net of accumulated depreciation of $1,079 and $1,156)692774
Operating lease right-of-use assets464526
Intangible assets, net346419
Goodwill1,4481,667
Other assets273297
Total Assets9,34212,279
Liabilities and Equity (Deficit)  
Short-term borrowings10324
Accounts payable1,5211,556
Accrued liabilities1,6621,993
Contract liabilities2,7062,674
Total Current Liabilities5,9926,247
Long-term debt6,4597,249
Future pension and postretirement benefit obligations505558
Operating lease liabilities325336
Future income tax obligations244267
Other long-term liabilities550606
Total Liabilities14,07515,263
Commitments and contingent liabilities (Note 16)
Redeemable noncontrolling interest128160
Shareholders' Equity (Deficit):  
Common Stock and additional paid-in capital134119
Treasury Stock(1,425)(725)
Accumulated deficit(3,042)(2,256)
Accumulated other comprehensive income (loss)(580)(763)
Total Shareholders' Equity (Deficit)(4,913)(3,625)
Noncontrolling interest52481
Total Equity (Deficit)(4,861)(3,144)
Total Liabilities and Equity (Deficit)$ 9,342$ 12,279