-1.02%
-4.34%
-10.21%
-4.13%
19.35%
36.94%
444.12%
AI Spotlight on CARR
Company Description
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide.It operates through three segments: HVAC, Refrigeration, and Fire & Security.The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers.
Its products include air conditioners, heating systems, controls, and aftermarket components, as well as aftermarket repair and maintenance services and building automation solutions.The Refrigeration segment offers transport refrigeration and monitoring products and services, as well as digital solutions for trucks, trailers, shipping containers, intermodal applications, food retail, and warehouse cooling; and commercial refrigeration solutions, such as refrigerated cabinets, freezers, systems, and controls.The Fire & Security segment provides various residential, commercial, and industrial technologies, including fire, flame, gas, smoke, and carbon monoxide detection; portable fire extinguishers; fire suppression systems; intruder alarms; access control systems; video management systems; and electronic controls.
Its other fire and security service offerings comprise audit, design, installation, and system integration, as well as aftermarket maintenance and repair and monitoring services.The company offers its products under the Autronica, Det-Tronics, Edwards, Fireye, GST, Kidde, LenelS2, Marioff, Onity, and Supra; Carrier, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, and Riello; and Carrier Commercial Refrigeration, Carrier Transicold, and Sensitech brands.The company was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.
Market Data
| Last Price | 65.3 |
| Change Percentage | -1.02% |
| Open | 66 |
| Previous Close | 65.97 |
| Market Cap ( Millions) | 58584 |
| Volume | 2537880 |
| Year High | 83.32 |
| Year Low | 53.13 |
| M A 50 | 71.35 |
| M A 200 | 69.36 |
Financial Ratios
| FCF Yield | 1.64% |
| Dividend Yield | 1.22% |
| ROE | 28.53% |
| Debt / Equity | 87.64% |
| Net Debt / EBIDTA | 278.27% |
| Price To Book | 4.0 |
| Price Earnings Ratio | 16.94 |
| Price To FCF | 61.15 |
| Price To sales | 2.45 |
| EV / EBITDA | 18.09 |
News
- Jan -29 - Carrier Named to Fortune's World's Most Admired Companies 2025 List for Fourth Consecutive Year
- Jan -28 - FLEX vs. CARR: Which Stock Is the Better Value Option?
- Jan -21 - Carrier Fourth Quarter 2024 Earnings Advisory
- Jan -15 - Carrier Global Corporation Appoints Amy Miles to its Board of Directors
- Jan -13 - Carrier Unveils TechVantage Initiative and Major Investment in its U.S. Workforce: Aims to Strengthen Highly Skilled U.S. Workforce with 1,000 Hires and Training for 100,000 Technicians
- Jan -09 - Carrier Commits to Donate Over $2.5 Million in Indoor Air Purifiers to Support Wildfire Relief Efforts in Los Angeles and Activates Employee Red Cross Donation Program
- Dec -12 - Carrier Named to Inaugural Forbes Most Trusted Companies in America List
- Dec -12 - 14 Upcoming Dividend Increases
- Dec -06 - Carrier Board of Directors Announces an 18 Percent Increase in Quarterly Dividend to $0.225 per Share
- Dec -05 - Southwest Airlines' stock jumps as carrier is latest to raise guidance on strong travel demand
- Dec -02 - Carrier Completes Strategic Portfolio Transformation with Closing of $3B Sale of its Commercial and Residential Fire Business
- Nov -15 - Carrier Global Corporation (CARR) Baird's 2024 Global Industrial Conference (Transcript)
- Nov -14 - Carrier Honored with World Environment Center's 2024 Gold Medal Award for Corporate Sustainability
- Nov -04 - Carrier to Present at Baird's 2024 Global Industrial Conference
- Oct -25 - Carrier Global Q3: Don't Lose Your Cool Over Updated Guidance
- Oct -25 - Carrier Global Q3: Strong Orders Supporting FY 2025 Growth
- Oct -24 - Carrier Global Misses Q3 Estimates: Will FY24 Outlook Drag Shares Down?
- Oct -24 - Carrier Global Stock Cools on Soft Sales, Guidance Cut
- Oct -24 - Carrier Global (CARR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
- Oct -24 - Carrier Global Corporation (CARR) Q3 2024 Earnings Call Transcript
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Heating, Ventilation, Air Conditioning
Expected Growth : 3.8 %
What the company do ?
Heating, Ventilation, Air Conditioning (HVAC) from Carrier Global Corporation refers to systems that control temperature, humidity, and air quality in buildings for comfort and indoor air quality.
Why we expect these perspectives ?
Carrier Global Corporation's 3.8% growth in Heating, Ventilation, Air Conditioning (HVAC) is driven by increasing demand for energy-efficient solutions, growing construction activities, and rising adoption of IoT-enabled HVAC systems. Additionally, the company's focus on innovation, strategic acquisitions, and expansion into emerging markets also contribute to its growth.
Segment n°2 -> Refrigeration
Expected Growth : 3.5 %
What the company do ?
Carrier Global Corporation's refrigeration segment provides cooling solutions for commercial and industrial applications, including transport refrigeration, commercial refrigeration, and cold chain monitoring.
Why we expect these perspectives ?
Carrier Global Corporation's Refrigeration segment growth of 3.5% is driven by increasing demand for cold chain logistics, rising adoption of natural refrigerants, and growing need for energy-efficient solutions. Additionally, expansion in emerging markets, investments in digitalization, and strategic acquisitions are contributing to the segment's growth.
Segment n°3 -> Fire and Security
Expected Growth : 4.2 %
What the company do ?
Fire and Security from Carrier Global Corporation provides comprehensive solutions for fire detection, alarm, and suppression systems, as well as security systems for commercial and industrial applications.
Why we expect these perspectives ?
The 4.2% growth in Fire and Security from Carrier Global Corporation is driven by increasing demand for advanced security systems, growing concerns about fire safety, and rising adoption of IoT-enabled security solutions. Additionally, the need for compliance with stringent regulations and standards, such as NFPA and EN, is also contributing to the segment's growth.
Segment n°4 -> Eliminations and Other
Expected Growth : 3.2 %
What the company do ?
Eliminations and Other from Carrier Global Corporation refers to the elimination of intercompany transactions and other non-operating items, such as corporate expenses and foreign exchange gains/losses.
Why we expect these perspectives ?
Carrier Global Corporation's Eliminations and Other segment growth of 3.2% is driven by increasing demand for HVAC and refrigeration solutions, particularly in the commercial and industrial sectors. Additionally, the company's focus on digitalization, sustainability, and energy efficiency initiatives contributes to the segment's growth.
Carrier Global Corporation Products
| Product Range | What is it ? |
|---|---|
| Heating, Ventilation, and Air Conditioning (HVAC) Systems | Carrier Global Corporation offers a wide range of HVAC systems for residential, commercial, and industrial applications, including air conditioners, heat pumps, furnaces, and boilers. |
| Refrigeration Systems | Carrier provides refrigeration systems for supermarkets, convenience stores, and restaurants, including display cases, walk-in coolers, and refrigeration units. |
| Transport Refrigeration Systems | Carrier offers transport refrigeration systems for trucks, trailers, and containers, ensuring the safe transportation of perishable goods. |
| Cold Chain Monitoring Solutions | Carrier's cold chain monitoring solutions provide real-time temperature monitoring and tracking for perishable goods during transportation and storage. |
| Building Automation Systems | Carrier's building automation systems integrate HVAC, lighting, and security systems to optimize energy efficiency and building performance. |
| Fire and Security Solutions | Carrier offers fire detection and suppression systems, as well as security solutions, including access control and video surveillance. |
Carrier Global Corporation's Porter Forces
Threat Of Substitutes
Carrier Global Corporation's products and services have some substitutes, but they are not easily replaceable. The company's brand reputation and customer loyalty mitigate the threat of substitutes.
Bargaining Power Of Customers
Carrier Global Corporation's customers have limited bargaining power due to the company's diversified product portfolio and strong brand presence.
Bargaining Power Of Suppliers
Carrier Global Corporation's suppliers have some bargaining power due to the company's dependence on certain raw materials and components. However, the company's scale and diversification mitigate this threat.
Threat Of New Entrants
The threat of new entrants is low due to the high barriers to entry in the HVAC and refrigeration industries, including significant capital requirements and regulatory hurdles.
Intensity Of Rivalry
The HVAC and refrigeration industries are highly competitive, with several established players competing for market share. Carrier Global Corporation must continuously innovate and improve its products and services to maintain its market position.
Strength
Weaknesses
Opportunities
Threats
Capital Structure
| Value | |
|---|---|
| Debt Weight | 62.86% |
| Debt Cost | 3.95% |
| Equity Weight | 37.14% |
| Equity Cost | 9.99% |
| WACC | 6.19% |
| Leverage | 169.23% |
Carrier Global Corporation : Quality Control
Carrier Global Corporation passed 5 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| CSL | Carlisle Companies Incorporated operates as a diversified manufacturer of engineered products in the United States, Europe, Asia, Canada, Mexico, the Middle East, Africa, and internationally. It operates through three segments: … |
| IBP | Installed Building Products, Inc., together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and … |
| ADP | Automatic Data Processing, Inc. provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based … |
| UNP | Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, … |
| LMT | Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: … |
Peers Metrics
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Scoring Insights
Peers Group Analysis
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Carlisle
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Lockheed Martin
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ADP
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Union Pacific
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Installed Building Products
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