Otis Worldwide Corp Stock Research

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

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CAT	120.1B	59.4B	-7.97%	4.61%	17.92	2.02	16.59%	3.25%
ITW	74.3B	15.9B	4.80%	17.86%	24.47	4.66	10.22%	12.62%
PH	43.2B	17.2B	-4.88%	20.14%	34.26	2.51	12.35%	-30.65%
OTIS	35.3B	13.7B	-0.97%	10.93%	28.19	2.58	-4.29%	0.56%
NDSN	12.7B	2.6B	1.28%	-2.12%	25.57	4.9	6.00%	-0.05%
MID-CAP
MIDD	7.9B	4.0B	-5.38%	-10.57%	18.09	1.96	24.06%	-10.63%
AQUA	6.1B	1.8B	3.69%	5.83%	80.25	3.35	19.76%	47.85%
WWD	5.8B	2.5B	-2.69%	-21.45%	33.98	2.36	9.34%	-13.37%
FELE	4.3B	2.0B	-0.82%	14.15%	23.21	2.13	22.97%	21.70%
AIMC	4.0B	1.9B	0.68%	55.46%	31.86	2.08	2.41%	358.48%
ALG	2.2B	1.5B	0.08%	28.45%	21.53	1.45	13.45%	27.02%
SMALL-CAP
EPAC	1.5B	579.7M	-7.04%	16.49%	71.28	2.5	7.33%	-43.89%
SXI	1.4B	742.4M	4.19%	23.55%	21.02	1.95	4.57%	49.21%
TNC	1.3B	1.1B	-3.82%	-13.03%	19.14	1.16	0.13%	2.16%
TAYD	56.4M	35.4M	17.67%	102.42%	14.26	1.6	30.59%	265.52%

Financials for Otis Worldwide

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-0.9%	13,685	13,815	14,091	14,304	14,298
S&GA Expenses	-3.0%	1,763	1,818	1,880	1,925	1,948
R&D Expenses	-5.1%	150	158	160	161	159
EBITDA	0.6%	1,936	1,925	1,943	2,034	-
EBITDA Margin	1.5%	0.14*	0.14*	0.14*	0.14*	-
Earnings Before Taxes	0.4%	1,888	1,880	1,894	1,975	1,961
EBT Margin	1.4%	0.14*	0.14*	0.13*	0.14*	-
Interest Expenses	5.3%	-143	-151	-149	-141	-136
Net Income	1.3%	1,253	1,237	1,244	1,249	1,246
Net Income Margin	2.3%	0.09*	0.09*	0.09*	0.09*	-
Free Cahsflow	13.6%	1,560	1,373	1,489	1,669	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	5.1%	9,819	9,342	9,913	11,795	12,279
Current Assets	5.4%	6,143	5,829	6,150	7,844	8,261
Cash Equivalents	15.0%	1,189	1,034	1,218	1,235	1,565
Inventory	2.3%	617	603	596	626	622
Net PPE	3.9%	719	692	724	757	774
Goodwill	8.2%	1,567	1,448	1,550	1,636	1,667
Liabilities	2.9%	14,483	14,075	14,665	15,145	15,263
Current Liabilities	14.2%	6,843	5,992	6,338	6,651	6,247
. Short Term Borrowings	27.2%	103	81.00	51.00	24.00	-
Long Term Debt	-2.2%	6,459	6,602	6,694	7,249	-
LT Debt, Current	NaN%	-	-	-	-	-
LT Debt, Non Current	-5.6%	6,098	6,459	6,602	6,694	7,249
Shareholder's Equity	-52.6%	-4,799	-3,144	-	-	-
Retained Earnings	5.8%	-2,865	-3,042	-3,245	-3,529	-2,256
Accumulated Depreciation	-5.4%	1,079	1,141	1,144	1,156	-
Shares Outstanding	-0.7%	419	421	424	-	-
Minority Interest	36.5%	71.00	52.00	109	107	481

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	13.6%	1,560	1,373	1,489	1,669	1,750
Share Based Compensation	15.5%	67.00	58.00	62.00	64.00	65.00
Cashflow From Investing	-178.6%	-33.00	42.00	-32.00	-56.00	-89.00
Cashflow From Financing	-112.0%	-3,652	-1,723	-1,963	-191	58.00
Dividend Payments	4.0%	465	447	428	408	393
Buy Backs	21.4%	850	700	619	625	725

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

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

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 ascending	Fund Name	Type	% 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%

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

Schedule 13G FIlings of Otis Worldwide

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form 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 Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very 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 ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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

About Otis Worldwide

Judith F. Marks

www.otis.com

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 Ended		9 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 development	37	39	112	113
Selling, general and administrative	417	479	1,315	1,445
Costs and expenses	2,827	3,078	8,713	9,133
Other income (expense), net	12	0	9	16
Operating profit	529	542	1,542	1,612
Non-service pension cost (benefit)	1	2	2	6
Interest expense (income), net	35	33	107	92
Net income before income taxes	493	507	1,433	1,514
Income tax expense	143	128	382	404
Net income	350	379	1,051	1,110
Less: Noncontrolling interest in subsidiaries' earnings	26	48	95	145
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)	418,500,000	425,800,000	421,300,000	428,500,000
Diluted shares (in shares)	421,200,000	430,600,000	424,300,000	432,000,000.0
Product sales
Net sales:
Revenues	$ 1,447	$ 1,681	$ 4,403	$ 4,866
Costs and expenses:
Cost of products and services sold	1,208	1,381	3,689	3,986
Service sales
Net sales:
Revenues	1,897	1,939	5,843	5,863
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 cash	7	1,910
Accounts receivable (net of allowance for expected credit losses of $156 and $175)	3,103	3,232
Contract assets	641	550
Inventories	603	622
Other current assets	441	382
Total Current Assets	5,829	8,261
Future income tax benefits	290	335
Fixed assets (net of accumulated depreciation of $1,079 and $1,156)	692	774
Operating lease right-of-use assets	464	526
Intangible assets, net	346	419
Goodwill	1,448	1,667
Other assets	273	297
Total Assets	9,342	12,279
Liabilities and Equity (Deficit)
Short-term borrowings	103	24
Accounts payable	1,521	1,556
Accrued liabilities	1,662	1,993
Contract liabilities	2,706	2,674
Total Current Liabilities	5,992	6,247
Long-term debt	6,459	7,249
Future pension and postretirement benefit obligations	505	558
Operating lease liabilities	325	336
Future income tax obligations	244	267
Other long-term liabilities	550	606
Total Liabilities	14,075	15,263
Commitments and contingent liabilities (Note 16)
Redeemable noncontrolling interest	128	160
Shareholders' Equity (Deficit):
Common Stock and additional paid-in capital	134	119
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 interest	52	481
Total Equity (Deficit)	(4,861)	(3,144)
Total Liabilities and Equity (Deficit)	$ 9,342	$ 12,279