Otis Worldwide Corporation (OTIS)
NYSE: OTIS · IEX Real-Time Price · USD
97.13
-1.57 (-1.59%)
May 23, 2024, 4:00 PM EDT - Market closed

Otis Worldwide Statistics

Total Valuation

Otis Worldwide has a market cap or net worth of $39.27 billion. The enterprise value is $45.55 billion.

Market Cap 39.27B
Enterprise Value 45.55B

Important Dates

The last earnings date was Wednesday, April 24, 2024, before market open.

Earnings Date Apr 24, 2024
Ex-Dividend Date May 16, 2024

Share Statistics

Otis Worldwide has 404.32 million shares outstanding. The number of shares has decreased by -2.32% in one year.

Shares Outstanding 404.32M
Shares Change (YoY) -2.32%
Shares Change (QoQ) -1.57%
Owned by Insiders (%) 0.14%
Owned by Institutions (%) 89.19%
Float 403.49M

Valuation Ratios

The trailing PE ratio is 28.07 and the forward PE ratio is 31.72. Otis Worldwide's PEG ratio is 2.69.

PE Ratio 28.07
Forward PE 31.72
PS Ratio 2.75
Forward PS 3.44
PB Ratio n/a
P/FCF Ratio 28.54
PEG Ratio 2.69
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 19.72, with an EV/FCF ratio of 33.11.

EV / Earnings 31.90
EV / Sales 3.19
EV / EBITDA 19.72
EV / EBIT 21.49
EV / FCF 33.11

Financial Position

The company has a current ratio of 0.97

Current Ratio 0.97
Quick Ratio 0.72
Debt / Equity n/a
Debt / EBITDA 3.10
Debt / FCF 5.21
Interest Coverage 13.17

Financial Efficiency

Return on equity (ROE) is -29.20% and return on invested capital (ROIC) is 74.53%.

Return on Equity (ROE) -29.20%
Return on Assets (ROA) 14.10%
Return on Capital (ROIC) 74.53%
Revenue Per Employee $201,408
Profits Per Employee $20,113
Employee Count 71,000
Asset Turnover 1.42
Inventory Turnover 16.32

Taxes

In the past 12 months, Otis Worldwide has paid $531.00 million in taxes.

Income Tax 531.00M
Effective Tax Rate 27.11%

Stock Price Statistics

The stock price has increased by +18.11% in the last 52 weeks. The beta is 0.93, so Otis Worldwide's price volatility has been similar to the market average.

Beta (1Y) 0.93
52-Week Price Change +18.11%
50-Day Moving Average 96.55
200-Day Moving Average 88.50
Relative Strength Index (RSI) 55.08
Average Volume (30 Days) 1,851,809

Short Selling Information

The latest short interest is 4.60 million, so 1.14% of the outstanding shares have been sold short.

Short Interest 4.60M
Short Previous Month 5.31M
Short % of Shares Out 1.14%
Short % of Float 1.14%
Short Ratio (days to cover) 2.47

Income Statement

In the last 12 months, Otis Worldwide had revenue of $14.30 billion and earned $1.43 billion in profits. Earnings per share was $3.46.

Revenue 14.30B
Gross Profit 4.23B
Operating Income 2.19B
Pretax Income 1.96B
Net Income 1.43B
EBITDA 2.31B
EBIT 2.12B
Earnings Per Share (EPS) $3.46
Full Income Statement

Balance Sheet

The company has $884.00 million in cash and $7.17 billion in debt, giving a net cash position of -$6.28 billion or -$15.53 per share.

Cash & Cash Equivalents 884.00M
Total Debt 7.17B
Net Cash -6.28B
Net Cash Per Share -$15.53
Equity / Book Value -5.02B
Book Value Per Share -12.43
Working Capital -180.00M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $1.52 billion and capital expenditures -$144.00 million, giving a free cash flow of $1.38 billion.

Operating Cash Flow 1.52B
Capital Expenditures -144.00M
Free Cash Flow 1.38B
FCF Per Share $3.40
Full Cash Flow Statement

Margins

Gross margin is 29.55%, with operating and profit margins of 15.31% and 9.99%.

Gross Margin 29.55%
Operating Margin 15.31%
Pretax Margin 13.70%
Profit Margin 9.99%
EBITDA Margin 16.15%
EBIT Margin 14.83%
FCF Margin 9.62%

Dividends & Yields

This stock pays an annual dividend of $1.56, which amounts to a dividend yield of 1.61%.

Dividend Per Share $1.56
Dividend Yield 1.61%
Dividend Growth (YoY) 16.53%
Years of Dividend Growth 4
Payout Ratio 45.09%
Buyback Yield 2.32%
Shareholder Yield 3.93%
Earnings Yield 3.64%
FCF Yield 3.50%
Dividend Details

Analyst Forecast

The average price target for Otis Worldwide is $98.29, which is 1.19% higher than the current price. The consensus rating is "Hold".

Price Target $98.29
Price Target Difference 1.19%
Analyst Consensus Hold
Analyst Count 8
Revenue Growth Forecast (5Y) 3.59%
EPS Growth Forecast (5Y) 9.51%
Stock Forecasts

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

Otis Worldwide has an Altman Z-Score of 3.51 and a Piotroski F-Score of 8.

Altman Z-Score 3.51
Piotroski F-Score 8