Carrier Global Corp

Company Profile

Carrier Global Corp had its IPO on 2020-04-03 under the ticker symbol CARR.

The company operates in the Industrials sector and Building Products & Equipment industry. Carrier Global Corp has a staff strength of 52,000 employees.

Stock update

Shares of Carrier Global Corp opened at $58.74 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $56.27 - $59.2, and closed at $56.58.

This is a -4% slip from the previous day's closing price.

A total volume of 6,302,173 shares were traded at the close of the day’s session.

In the last one week, shares of Carrier Global Corp have slipped by -2.35%.

Carrier Global Corp's Key Ratios

Carrier Global Corp has a market cap of $36.07 billion, indicating a price to book ratio of 5.0828 and a price to sales ratio of 1.7912.

In the last 12-months Carrier Global Corp’s revenue was $21.04 billion with a gross profit of $5.47 billion and an EBITDA of $2.88 billion. The EBITDA ratio measures Carrier Global Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Carrier Global Corp’s operating margin was 11.61% while its return on assets stood at 6.03% with a return of equity of 32.51%.

In Q1, Carrier Global Corp’s quarterly earnings growth was a negative -72.2% while revenue growth was a positive 13.3%.

Carrier Global Corp’s PE and PEG Ratio

Forward PE

16.8919

Trailing PE

13.9355

PEG

1.6632

Its diluted EPS in the last 12-months stands at $3.1 per share while it has a forward price to earnings multiple of 16.8919 and a PEG multiple of 1.6632. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Carrier Global Corp’s profitability.

Carrier Global Corp stock is trading at a EV to sales ratio of 2.0916 and a EV to EBITDA ratio of 8.6196. Its price to sales ratio in the trailing 12-months stood at 1.7912.

Carrier Global Corp stock pays annual dividends of $0.67 per share, indicating a yield of 1.78% and a payout ratio of 29%.

Balance sheet and cash flow metrics

Total Assets

$26.41 billion

Total Liabilities

$5.96 billion

Operating Cash Flow

$-100000000.00

Capital Expenditure

$70 million

Dividend Payout Ratio

29%

Carrier Global Corp ended 2024 with $26.41 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $26.41 billion while shareholder equity stood at $8.13 billion.

Carrier Global Corp ended 2024 with $581.00 million in deferred long-term liabilities, $5.96 billion in other current liabilities, 9000000.00 in common stock, $6.24 billion in retained earnings and $9.99 billion in goodwill. Its cash balance stood at $3.35 billion and cash and short-term investments were $3.35 billion. The company’s total short-term debt was $142,000,000 while long-term debt stood at $8.71 billion.

Carrier Global Corp’s total current assets stands at $10.16 billion while long-term investments were $1.10 billion and short-term investments were $0. Its net receivables were $3.60 billion compared to accounts payable of $2.93 billion and inventory worth $2.80 billion.

In 2024, Carrier Global Corp's operating cash flow was $-100000000.00 while its capital expenditure stood at $70 million.

Comparatively, Carrier Global Corp paid $0.29 in dividends in 2024.

Other key metrics

Current Trading Price

$56.58

52-Week High

$48.9486

52-Week Low

$32.6712

Analyst Target Price

$48.37

Carrier Global Corp stock is currently trading at $56.58 per share. It touched a 52-week high of $48.9486 and a 52-week low of $48.9486. Analysts tracking the stock have a 12-month average target price of $48.37.

Its 50-day moving average was $55.25 and 200-day moving average was $46.66 The short ratio stood at 2.9 indicating a short percent outstanding of 0%.

Around 10.3% of the company’s stock are held by insiders while 8774.3% are held by institutions.