Carrier Global Stock Fair Value Calculation – Carrier Global Stock Rises 3.7% After Q2 Earnings Beat and Higher Guidance

🌥️Trending News

Carrier Global ($NYSE:CARR) is a leading provider of building and heating, ventilating, and air conditioning (HVAC) solutions, as well as related products and services. On Thursday morning, the company’s stock rose by 3.7% after they released their Q2 results that beat expectations. This impressive performance was driven mainly by the company’s strong financial results due to their global expansion efforts. Overall, the announcement of these results and guidance were very positive for the company and resulted in investors pushing up the stock by 3.7%.

Analysis – Carrier Global Stock Fair Value Calculation

At GoodWhale, we’ve conducted an analysis of CARRIER GLOBAL‘s wellbeing. Our proprietary Valuation Line has yielded that the fair value of CARRIER GLOBAL share is around $63.7. Surprisingly, at the moment, CARRIER GLOBAL stock is traded at $56.8 – a price which is undervalued by 10.9%. This could present an opportunity for investors to purchase the stock at a discounted, yet still fair, price. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Carrier Global. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Carrier Global. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Carrier Global. More…

Key Ratios Snapshot

Some of the financial key ratios for Carrier Global are shown below. More…

Peers

The competition between Carrier Global Corp and its competitors is fierce. Carrier has a strong brand name and a long history in the industry, but it faces stiff competition from Trane, which has a similar product offering. Johnson Controls is a diversified company that offers a range of HVAC products, but it is not as well known in the industry as Carrier or Trane. Carlisle is a smaller player in the HVAC industry, but it has a strong focus on energy efficiency.

– Johnson Controls International PLC ($NYSE:JCI)

Johnson Controls International PLC is a technology and industrial leader with a market cap of 45.72B as of 2022. The company has a Return on Equity of 7.45%. Johnson Controls focuses on making buildings, automotive interiors, and batteries more energy-efficient and sustainable.

– Trane Technologies PLC ($NYSE:TT)

Trane Technologies PLC is a publicly traded company with a market capitalization of $40.55 billion as of 2022. The company has a return on equity of 24.48%. Trane Technologies is a provider of products, services and solutions to improve the quality and comfort of air in homes and buildings, transport and protect food and perishables, and increase industrial productivity and efficiency. The company operates in four business segments: Climate, Industrial, Transport and Food & Beverage.

– Carlisle Companies Inc ($NYSE:CSL)

The company’s market cap is $12.28B as of 2022 with a ROE of 26.49%. The company is engaged in the design, manufacture and sale of products for the commercial truck, automotive and building markets. The company’s products include tires, wheels, brakes, suspension systems, axles, drivetrain components, transmissions, exhaust systems, engine components, aftermarket parts and accessories for trucks, trailers, buses, passenger cars, light and medium duty trucks, SUVs, and motorcycles.

Summary

Carrier Global, a leading heating and cooling equipment manufacturer, saw its stock price rise 3.7% on Thursday, after the company reported better-than-expected earnings in their Q2 results. The strong results included increased revenue and a higher guidance, both of which exceeded analysts’ expectations. Furthermore, the company’s balance sheet remains healthy, with a strong cash position and positive outlook. Investors in Carrier Global should look out for the company’s cash flow generation capabilities, as well as their ability to capitalize on new opportunities in the coming quarters.