Otis Worldwide Corp

Company Profile

Otis Worldwide Corp had its IPO on 2020-03-19 under the ticker symbol OTIS.

The company operates in the Industrials sector and Specialty Industrial Machinery industry. Otis Worldwide Corp has a staff strength of 69,000 employees.

Stock update

Shares of Otis Worldwide Corp opened at $82.43 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $82.36 - $82.95, and closed at $82.59.

This is a -0.48% slip from the previous day's closing price.

A total volume of 883,280 shares were traded at the close of the day’s session.

In the last one week, shares of Otis Worldwide Corp have slipped by -4.15%.

Otis Worldwide Corp's Key Ratios

Otis Worldwide Corp has a market cap of $35.48 billion, indicating a price to book ratio of 13.1987 and a price to sales ratio of 2.3768.

In the last 12-months Otis Worldwide Corp’s revenue was $13.85 billion with a gross profit of $3.94 billion and an EBITDA of $2.32 billion. The EBITDA ratio measures Otis Worldwide Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Otis Worldwide Corp’s operating margin was 15.35% while its return on assets stood at 13.26% with a return of equity of 0%.

In Q2, Otis Worldwide Corp’s quarterly earnings growth was a positive 18.4% while revenue growth was a positive 6.7%.

Otis Worldwide Corp’s PE and PEG Ratio

Forward PE

22.9885

Trailing PE

26.8442

PEG

3.3095

Its diluted EPS in the last 12-months stands at $3.21 per share while it has a forward price to earnings multiple of 22.9885 and a PEG multiple of 3.3095. 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 Otis Worldwide Corp’s profitability.

Otis Worldwide Corp stock is trading at a EV to sales ratio of 2.8436 and a EV to EBITDA ratio of 17.5846. Its price to sales ratio in the trailing 12-months stood at 2.3768.

Otis Worldwide Corp stock pays annual dividends of $1.21 per share, indicating a yield of 1.58% and a payout ratio of 38.53%.

Balance sheet and cash flow metrics

Total Assets

$10.14 billion

Total Liabilities

$7.16 billion

Operating Cash Flow

$-70000000.00

Capital Expenditure

$37 million

Dividend Payout Ratio

38.53%

Otis Worldwide Corp ended 2024 with $10.14 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $10.14 billion while shareholder equity stood at $-4852000000.00.

Otis Worldwide Corp ended 2024 with $278.00 million in deferred long-term liabilities, $7.16 billion in other current liabilities, 183000000.00 in common stock, $-2419000000.00 in retained earnings and $1.58 billion in goodwill. Its cash balance stood at $1.22 billion and cash and short-term investments were $1.22 billion. The company’s total short-term debt was $746,000,000 while long-term debt stood at $6.12 billion.

Otis Worldwide Corp’s total current assets stands at $6.42 billion while long-term investments were $0 and short-term investments were $0. Its net receivables were $4.23 billion compared to accounts payable of $1.74 billion and inventory worth $640.00 million.

In 2024, Otis Worldwide Corp's operating cash flow was $-70000000.00 while its capital expenditure stood at $37 million.

Comparatively, Otis Worldwide Corp paid $0.39 in dividends in 2024.

Other key metrics

Current Trading Price

$82.59

52-Week High

$90.9659

52-Week Low

$61.5471

Analyst Target Price

$87.91

Otis Worldwide Corp stock is currently trading at $82.59 per share. It touched a 52-week high of $90.9659 and a 52-week low of $90.9659. Analysts tracking the stock have a 12-month average target price of $87.91.

Its 50-day moving average was $86.5 and 200-day moving average was $83.1 The short ratio stood at 1.9 indicating a short percent outstanding of 0%.

Around 8.2% of the company’s stock are held by insiders while 8874.2% are held by institutions.