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Otis Worldwide Corp Stock Research

OTIS

80.93USD-0.77(-0.94%)Market Closed
Watchlist

Market Summary

USD80.93-0.77
Market Closed
-0.94%

OTIS Stock Price

OTIS RSI Chart

OTIS Valuation

Market Cap

33.4B

Price/Earnings (Trailing)

25.15

Price/Sales (Trailing)

2.41

EV/EBITDA

15.92

Price/Free Cashflow

23.41

OTIS Price/Sales (Trailing)

OTIS Profitability

EBT Margin

13.80%

Return on Equity

-26.11%

Return on Assets

12.93%

Free Cashflow Yield

4.27%

OTIS Fundamentals

OTIS Revenue

Revenue (TTM)

13.8B

Revenue Y/Y

6.65%

Revenue Q/Q

11.18%

OTIS Earnings

Earnings (TTM)

1.3B

Earnings Y/Y

17.13%

Earnings Q/Q

13.6%

Price Action

52 Week Range

62.2691.33
(Low)(High)

Last 7 days

-0.9%

Last 30 days

-2.4%

Last 90 days

-6.3%

Trailing 12 Months

21.2%

OTIS Financial Health

Current Ratio

0.9

Debt/Equity

-1.35

Debt/Cashflow

0.24

OTIS Investor Care

Dividend Yield

1.5%

Dividend/Share (TTM)

1.21

Buy Backs (1Y)

2.06%

Diluted EPS (TTM)

3.17

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for OTIS

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-08-02
Luersman Abbe
acquired
-
-
1,200
evp & cpo
2023-08-02
Luersman Abbe
sold (taxes)
-32,538
89.39
-364
evp & cpo
2023-07-28
Calleja Fernandez Bernardo
acquired
3,058,120
64.4642
47,439
president, otis emea
2023-07-28
Calleja Fernandez Bernardo
sold
-362,060
90.6965
-3,992
president, otis emea
2023-07-28
Ryan Michael Patrick
sold
-576,676
90.5015
-6,372
vp, cao & controller
2023-07-28
Calleja Fernandez Bernardo
sold (taxes)
-3,058,000
90.46
-33,805
president, otis emea
2023-07-01
Calleja Fernandez Bernardo
acquired
-
-
15,385
president, otis emea
2023-07-01
Calleja Fernandez Bernardo
sold (taxes)
-457,956
89.01
-5,145
president, otis emea
2023-06-01
de Montlivault Stephane
acquired
-
-
20,599
president, otis asia pac
2023-06-01
Ryan Michael Patrick
sold (taxes)
-320,090
81.51
-3,927
vp, cao & controller

1–10 of 50

Which funds bought or sold OTIS recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-13
CGC Financial Services, LLC
new
-
9,791
9,791
0.01%
2023-09-12
Farther Finance Advisors, LLC
added
10.3
5,083
36,227
0.01%
2023-09-08
TUCKER ASSET MANAGEMENT LLC
unchanged
-
19,316
372,952
0.11%
2023-09-07
ST GERMAIN D J CO INC
new
-
260,443
260,443
0.01%
2023-09-05
Delos Wealth Advisors, LLC
unchanged
-
24.00
446
-%
2023-08-29
EFG Asset Management (Americas) Corp.
reduced
-4.74
32,986
7,181,520
1.66%
2023-08-28
DT Investment Partners, LLC
unchanged
-
972
20,483
-%
2023-08-25
Brown Shipley& Co Ltd
added
13.04
494,765
3,070,400
1.26%
2023-08-24
Alberta Investment Management Corp
added
174
4,407,630
6,736,990
0.06%
2023-08-23
HEADINVEST, LLC
reduced
-11.91
-47,342
492,818
0.11%

1–10 of 48

Latest Funds Activity

Are funds buying OTIS calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own OTIS
No. of Funds

Schedule 13G FIlings of Otis Worldwide

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
9.53%
39,713,309
SC 13G/A
Feb 03, 2023
blackrock inc.
8.6%
35,961,868
SC 13G/A
Feb 10, 2022
state street corp
4.00%
16,998,926
SC 13G/A
Feb 03, 2022
blackrock inc.
8.7%
37,081,287
SC 13G/A
Feb 24, 2021
state street corp
7.76%
33,601,023
SC 13G/A
Feb 12, 2021
state street corp
7.76%
33,601,023
SC 13G
Feb 10, 2021
vanguard group inc
8.65%
37,456,285
SC 13G
Feb 02, 2021
blackrock inc.
7.4%
32,225,210
SC 13G

Recent SEC filings of Otis Worldwide

View All Filings
Date Filed Form Type Document
Aug 16, 2023
8-K
Current Report
Aug 16, 2023
424B2
Prospectus Filed
Aug 14, 2023
FWP
Prospectus Filed
Aug 14, 2023
424B2
Prospectus Filed
Aug 03, 2023
4
Insider Trading
Jul 28, 2023
4
Insider Trading
Jul 28, 2023
4
Insider Trading
Jul 28, 2023
144
Notice of Insider Sale Intent
Jul 28, 2023
144
Notice of Insider Sale Intent
Jul 27, 2023
10-Q
Quarterly Report

Peers (Alternatives to Otis Worldwide)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
139.5B
64.8B
0.68% 59.26%
16.69
2.15
19.88% 23.71%
70.2B
16.1B
-1.64% 21.28%
22.63
4.37
5.86% 17.15%
41.8B
19.1B
-4.14% 48.23%
33.16
2.43
20.20% 58.33%
33.4B
13.8B
-2.44% 21.19%
25.15
2.41
-1.72% 6.75%
12.7B
2.6B
-5.08% 2.20%
25.45
4.92
3.47% 3.87%
MID-CAP
7.4B
2.8B
-1.15% 42.57%
36.49
2.68
20.08% 21.60%
7.1B
4.1B
-5.50% -0.97%
15.57
1.73
10.28% -5.05%
6.1B
1.9B
0.46% 36.55%
77.42
3.28
16.94% 47.44%
4.1B
2.1B
-4.82% 6.44%
21.26
1.98
10.59% 10.76%
4.0B
1.9B
0.68% 55.46%
31.86
2.08
2.41% 358.48%
2.0B
1.6B
0.68% 37.32%
16.37
1.27
12.15% 49.02%
SMALL-CAP
1.7B
741.0M
-8.79% 72.10%
12.08
2.27
0.78% 126.40%
1.5B
589.4M
2.81% 55.22%
43.73
2.55
4.36% 214.75%
1.4B
1.2B
-6.99% 23.27%
14.5
1.17
8.71% 68.74%
82.2M
40.2M
-8.32% 98.86%
13.07
2.04
30.24% 180.76%

Otis Worldwide News

Clayton County Register
Shares of Otis Worldwide Corp. Experience Decline Amidst Dismal ....
Clayton County Register,
13 hours ago
Clayton County Register

Returns for OTIS

Cumulative Returns on OTIS

11.9%


3-Year Cumulative Returns

Risks for OTIS

What is the probability of a big loss on OTIS?

40.2%


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.

Drawdowns

Financials for Otis Worldwide

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue1.7%13,84913,61713,68513,81514,09114,30414,29814,22213,87013,19812,75612,61612,66112,98313,11813,02012,90412,40412,915
  S&GA Expenses2.3%1,7991,7591,7631,8181,8801,9251,9481,9821,9841,9411,9241,8681,8311,8341,8101,7721,7701,7641,735
  R&D Expenses-1.4%146148150158160161159153151149152157159162163157158156181
EBITDA-100.0%-1,9301,9361,9251,9432,0342,0281,9851,8831,7091,5801,6571,7891,9512,0552,0922,0301,8842,097
EBITDA Margin-100.0%-0.14*0.14*0.14*0.14*0.14*0.14*0.14*0.14*0.13*0.12*0.13*0.14*0.15*0.16*0.16*0.16*0.15*0.16*
Interest Expenses-1.4%-141-139-143-151-149-141-136-129-135-149-122-79.00-34.0010.0014.0013.008.004.0014.00
Earnings Before Taxes4.8%1,9701,8791,8881,8801,8941,9751,9611,9111,8171,6591,5111,5511,6421,7631,8611,8991,8401,7001,893
EBT Margin-100.0%-0.14*0.14*0.14*0.13*0.14*0.14*0.13*0.13*0.13*0.12*0.12*0.13*0.14*0.14*0.15*0.14*0.14*0.15*
Net Income4.3%1,3281,2731,2531,2371,2441,2491,2461,2161,1511,0499068739241,0081,1161,1971,1621,0921,049
Net Income Margin-100.0%-0.09*0.09*0.09*0.09*0.09*0.09*0.09*0.08*0.08*0.07*0.07*0.07*0.08*0.09*0.09*0.09*0.09*0.08*
Free Cashflow-100.0%-1,3341,5601,3731,4891,6691,7501,7821,7751,9061,4801,6251,6411,3311,4691,3531,3021,1881,550
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q4
Assets2.9%10,1359,8459,8199,3429,91311,79512,27910,47210,85710,50510,71010,47310,4419,5249,687
  Current Assets4.3%6,4176,1536,1435,8296,1507,8448,2616,3756,6816,3466,4936,2716,3925,5145,658
    Cash Equivalents9.1%1,2191,1171,1891,0341,2181,2353,4771,5531,9231,7251,7821,7331,9121,2071,459
  Inventory-0.3%640642617603596626622628673686659667629599571
  Net PPE-0.6%715719719692724757774775781765774721704688721
  Goodwill0.6%1,5791,5701,5671,4481,5501,6361,6671,7021,7421,7271,7731,7001,6391,6081,647
Liabilities1.9%14,76014,48314,48314,07514,66515,14515,26313,70514,11113,79113,91113,85614,01713,7137,361
  Current Liabilities4.9%7,1586,8236,8435,9926,3386,6516,2476,3636,7166,3956,6736,2915,7625,3555,374
  Short Term Borrowings----10381.0051.0024.0038.0034334170153833.0067.0034.00
    LT Debt, Non Current0.0%6,1176,1166,0986,4596,6026,6947,2495,4585,4575,4575,2625,5126,260-5.00
Shareholder's Equity---------------2,128
  Retained Earnings8.8%-2,419-2,653-2,865-3,042-3,245-3,529-2,256-2,404-2,633-2,855-3,106-3,241-3,418--
Accumulated Depreciation1.9%1,2051,1831,1511,0791,1411,1441,1561,1731,1631,1271,1971,1541,1241,0881,082
Shares Outstanding-0.4%413414-419421424-426428432433433433433-
Minority Interest12.2%10190.0071.0052.00109107481559539559467543570537531
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations7.0%1,4271,3341,5601,3731,4891,6691,7501,7821,7751,9061,4801,6251,6411,3311,4691,3531,3021,1881,550
  Share Based Compensation5.8%73.0069.0067.0058.0062.0064.0065.0067.0067.0066.0063.0052.0048.0041.0037.0039.0032.0028.0038.00
Cashflow From Investing-208.1%-114-37.00-33.0042.00-32.00-56.00-89.00-133-278-311-353-342-253-277-203-200-184-72.00-201
Cashflow From Financing59.0%-1,300-3,170-3,652-1,723-1,963-19158.00-1,876-1,580-1,162-844-1,028-960-1,077-1,133-925-706-1,248-1,497
  Dividend Payments3.9%50248346544742840839337836234726017387.00------
  Buy Backs-2.8%802825850700619625725725506300---------

OTIS Income Statement

2023-06-30
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net sales:    
Revenues$ 3,720$ 3,488$ 7,066$ 6,902
Costs and expenses:    
Research and development36387175
Selling, general and administrative479439934898
Costs and expenses3,1522,9825,9925,886
Other income (expense), net12(19)19(3)
Operating profit5804871,0931,013
Non-service pension cost (benefit)1111
Interest expense (income), net37357072
Net income before income taxes5424511,022940
Income tax expense135103263239
Net income407348759701
Less: Noncontrolling interest in subsidiaries' earnings31275269
Net income attributable to Otis Worldwide Corporation$ 376$ 321$ 707$ 632
Earnings per share (Note 2):    
Basic (in usd per share)$ 0.91$ 0.76$ 1.71$ 1.49
Diluted (in usd per share)$ 0.90$ 0.76$ 1.70$ 1.48
Weighted average number of shares outstanding:    
Basic shares (in shares)412,700,000421,400,000413,500,000422,800,000
Diluted shares (in shares)416,000,000.0424,200,000416,900,000425,900,000
Product sales    
Net sales:    
Revenues$ 1,604$ 1,534$ 2,911$ 2,956
Costs and expenses:    
Cost of products and services sold1,3281,2912,4262,481
Service sales    
Net sales:    
Revenues2,1161,9544,1553,946
Costs and expenses:    
Cost of products and services sold$ 1,309$ 1,214$ 2,561$ 2,432

OTIS Balance Sheet

2023-06-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Assets  
Cash and cash equivalents$ 1,219$ 1,189
Accounts receivable (net of allowance for expected credit losses of $143 and $152)3,4973,357
Contract assets735664
Inventories640617
Other current assets326316
Total Current Assets6,4176,143
Future income tax benefits284285
Fixed assets (net of accumulated depreciation of $1,205 and $1,151)715719
Operating lease right-of-use assets438449
Intangible assets, net355369
Goodwill1,5791,567
Other assets347287
Total Assets10,1359,819
Liabilities and Equity (Deficit)  
Short-term borrowings and current portion of long-term debt746670
Accounts payable1,7441,717
Accrued liabilities1,7791,794
Contract liabilities2,8892,662
Total Current Liabilities7,1586,843
Long-term debt6,1176,098
Future pension and postretirement benefit obligations398392
Operating lease liabilities308315
Future income tax obligations278279
Other long-term liabilities501556
Total Liabilities14,76014,483
Commitments and contingent liabilities (Note 16)
Redeemable noncontrolling interest126135
Shareholders' Equity (Deficit):  
Common Stock and additional paid-in capital183162
Treasury Stock(1,927)(1,575)
Accumulated deficit(2,419)(2,865)
Accumulated other comprehensive income (loss)(689)(592)
Total Shareholders' Equity (Deficit)(4,852)(4,870)
Noncontrolling interest10171
Total Equity (Deficit)(4,751)(4,799)
Total Liabilities and Equity (Deficit)$ 10,135$ 9,819
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.