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Otis Worldwide Corp Stock Research

OTIS

84.40USD+1.27(+1.53%)Delayed

Market Summary

USD84.40+1.27
Delayed
1.53%

OTIS Stock Price

OTIS RSI Chart

OTIS Valuation

Market Cap

35.3B

Price/Earnings (Trailing)

28.19

Price/Sales (Trailing)

2.58

EV/EBITDA

20.97

Price/Free Cashflow

22.64

OTIS Price/Sales (Trailing)

OTIS Profitability

EBT Margin

13.80%

Return on Equity

-26.11%

Return on Assets

12.76%

Free Cashflow Yield

4.42%

OTIS Fundamentals

OTIS Revenue

Revenue (TTM)

13.7B

Revenue Y/Y

-3.64%

Revenue Q/Q

2.84%

OTIS Earnings

Earnings (TTM)

1.3B

Earnings Y/Y

5.69%

Earnings Q/Q

-8.33%

Price Action

52 Week Range

62.2687.33
(Low)(High)

Last 7 days

4.8%

Last 30 days

-1.0%

Last 90 days

7.8%

Trailing 12 Months

10.9%

OTIS Financial Health

Current Ratio

0.9

Debt/Equity

-1.35

Debt/Cashflow

0.24

OTIS Investor Care

Dividend Yield

1.32%

Dividend/Share (TTM)

1.11

Buy Backs (1Y)

1.71%

Diluted EPS (TTM)

2.96

Peers (Alternatives to Otis Worldwide)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
120.1B
59.4B
-7.97% 4.61%
17.92
2.02
16.59% 3.25%
74.3B
15.9B
4.80% 17.86%
24.47
4.66
10.22% 12.62%
43.2B
17.2B
-4.88% 20.14%
34.26
2.51
12.35% -30.65%
35.3B
13.7B
-0.97% 10.93%
28.19
2.58
-4.29% 0.56%
12.7B
2.6B
1.28% -2.12%
25.57
4.9
6.00% -0.05%
MID-CAP
7.9B
4.0B
-5.38% -10.57%
18.09
1.96
24.06% -10.63%
6.1B
1.8B
3.69% 5.83%
80.25
3.35
19.76% 47.85%
5.8B
2.5B
-2.69% -21.45%
33.98
2.36
9.34% -13.37%
4.3B
2.0B
-0.82% 14.15%
23.21
2.13
22.97% 21.70%
4.0B
1.9B
0.68% 55.46%
31.86
2.08
2.41% 358.48%
2.2B
1.5B
0.08% 28.45%
21.53
1.45
13.45% 27.02%
SMALL-CAP
1.5B
579.7M
-7.04% 16.49%
71.28
2.5
7.33% -43.89%
1.4B
742.4M
4.19% 23.55%
21.02
1.95
4.57% 49.21%
1.3B
1.1B
-3.82% -13.03%
19.14
1.16
0.13% 2.16%
56.4M
35.4M
17.67% 102.42%
14.26
1.6
30.59% 265.52%

Financials for Otis Worldwide

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-0.9%13,68513,81514,09114,30414,298
  S&GA Expenses-3.0%1,7631,8181,8801,9251,948
  R&D Expenses-5.1%150158160161159
EBITDA0.6%1,9361,9251,9432,034-
EBITDA Margin1.5%0.14*0.14*0.14*0.14*-
Earnings Before Taxes0.4%1,8881,8801,8941,9751,961
EBT Margin1.4%0.14*0.14*0.13*0.14*-
Interest Expenses5.3%-143-151-149-141-136
Net Income1.3%1,2531,2371,2441,2491,246
Net Income Margin2.3%0.09*0.09*0.09*0.09*-
Free Cahsflow13.6%1,5601,3731,4891,669-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets5.1%9,8199,3429,91311,79512,279
  Current Assets5.4%6,1435,8296,1507,8448,261
    Cash Equivalents15.0%1,1891,0341,2181,2351,565
  Inventory2.3%617603596626622
  Net PPE3.9%719692724757774
  Goodwill8.2%1,5671,4481,5501,6361,667
Liabilities2.9%14,48314,07514,66515,14515,263
  Current Liabilities14.2%6,8435,9926,3386,6516,247
.    Short Term Borrowings27.2%10381.0051.0024.00-
  Long Term Debt-2.2%6,4596,6026,6947,249-
    LT Debt, CurrentNaN%-----
    LT Debt, Non Current-5.6%6,0986,4596,6026,6947,249
Shareholder's Equity-52.6%-4,799-3,144---
  Retained Earnings5.8%-2,865-3,042-3,245-3,529-2,256
Accumulated Depreciation-5.4%1,0791,1411,1441,156-
Shares Outstanding-0.7%419421424--
Minority Interest36.5%71.0052.00109107481
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations13.6%1,5601,3731,4891,6691,750
  Share Based Compensation15.5%67.0058.0062.0064.0065.00
Cashflow From Investing-178.6%-33.0042.00-32.00-56.00-89.00
Cashflow From Financing-112.0%-3,652-1,723-1,963-19158.00
  Dividend Payments4.0%465447428408393
  Buy Backs21.4%850700619625725

Risks for OTIS

What is the probability of a big loss on OTIS?

35.2%


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

Returns for OTIS

Cumulative Returns on OTIS

20.5%


3-Year Cumulative Returns

Which funds bought or sold OTIS recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-27
Neo Ivy Capital Management
sold off
-100
-119,000
-
-%
2023-03-24
Longbow Finance SA
new
-
6,098,240
6,098,240
0.82%
2023-03-23
MetLife Investment Management, LLC
reduced
-2.57
1,421,860
8,678,470
0.07%
2023-03-17
American Portfolios Advisors
reduced
-1.46
-48,762
393,231
0.02%
2023-03-15
B. Riley Wealth Advisors, Inc.
added
0.27
108,963
590,963
0.02%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
12.03
8,373,600
30,697,600
0.03%
2023-03-08
SHEETS SMITH WEALTH MANAGEMENT
reduced
-1.75
752,781
4,410,780
0.69%
2023-03-07
Nordwand Advisors, LLC
new
-
920,220
920,220
0.12%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-2.33
425,000
2,559,000
0.01%
2023-03-03
TIAA, FSB
added
7.25
2,635,210
10,961,200
0.04%

1–10 of 48

Latest Funds Activity

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

Otis Worldwide News

Seeking Alpha

Compounders And Dividends: March 2023 Portfolio Update.

Seeking Alpha,
16 hours ago

MarketWatch

Nasdaq

Investing.com India

Investing.com UK

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

OTIS Fair Value

Otis Worldwide fair value in different scenarios

The table shows the Fair Value estimates for Otis Worldwide for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

-

-

-

-

-

-

-

-

-

-
Current Inflation

14.89

-82.36%

20.52

-75.69%

34.28

-59.38%

47.40

-43.84%

62.83

-25.56%
Very High Inflation

-

-

-

-

-

-

-

-

-

-

Historical Otis Worldwide Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Otis Worldwide

View All Filings
Date Filed Form Type Document
Mar 24, 2023
S-3ASR
S-3ASR
Mar 24, 2023
S-3ASR
S-3ASR
Mar 10, 2023
8-K
Current Report
Mar 07, 2023
4
Insider Trading
Mar 03, 2023
3
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Feb 27, 2023
8-K
Current Report
Feb 16, 2023
4
Insider Trading
Feb 09, 2023
SC 13G/A
Major Ownership Report

Latest Insider Trading transactions for OTIS

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-06
Calleja Fernandez Bernardo
sold
-61,057
86.853
-703
president, otis emea
2023-03-06
Calleja Fernandez Bernardo
sold (taxes)
-419,283
86.88
-4,826
president, otis emea
2023-03-06
Calleja Fernandez Bernardo
acquired
419,407
54.145
7,746
president, otis emea
2023-02-14
Calleja Fernandez Bernardo
sold
-70,868
84.67
-837
president, otis emea
2023-02-14
Calleja Fernandez Bernardo
acquired
683,345
59.53
11,479
president, otis emea
2023-02-14
Calleja Fernandez Bernardo
sold (taxes)
-699,311
84.56
-8,270
president, otis emea
2023-02-06
Cramer James F.
sold
-58,779
83.97
-700
president, otis americas
2023-02-06
Ryan Michael Patrick
sold
-88,262
50.58
-1,745
vp, cao & controller
2023-02-06
Ryan Michael Patrick
acquired
108,334
60.6231
1,787
vp, cao & controller
2023-02-06
Ryan Michael Patrick
sold (taxes)
-196,393
84.47
-2,325
vp, cao & controller

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