Johnson Controls International PLC Stock Drops in 2023, Underperforming Market.

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On Friday, the stock of Johnson Controls International ($NYSE:JCI) PLC (JCI) saw a steep drop, underperforming the market and disappointing investors. This was despite a positive outlook for the company, with its recent acquisitions and investments in new technologies meant to position JCI for future growth. Analysts pointed to several factors that may have contributed to the stock’s performance, such as macroeconomic uncertainty and concerns about future market conditions.

However, the stock has since declined in value, with analysts suggesting that JCI is not keeping pace with the overall market. Investors have started to become concerned that JCI may not be able to meet its potential given the current market conditions. Investors have been closely watching JCI’s performance as it strives to become a global leader in the automotive industry. Its recent acquisitions, such as active safety and vehicle automation technology provider Gentex Corporation, have been met with some enthusiasm. However, some analysts now question whether these investments are enough to offset the company’s declining stock price. This is despite the company’s positive outlook and recent investments in new technologies meant to position JCI for future growth. As such, investors are advised to watch JCI closely as conditions in the overall market continue to evolve.

Market Price

Johnson Controls International PLC (JCI) has been performing under the market expectations in 2023 as seen from the stock prices of the company. At the time of writing, the media coverage of the company was mostly positive.

However, the stock price of JCI took a dip on Friday. On Friday, JCI’s stock opened at $58.0 and closed at $58.2, which was 0.8% lower than the previous closing price of 58.7. This indicates that JCI has been underperforming in comparison to the market and its stock price is not as strong as it was previously. Live Quote…

About the Company

Income Snapshot

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

Cash Flow Snapshot

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

Balance Sheet Snapshot

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

Key Ratios Snapshot

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

Analysis

At GoodWhale, we specialize in providing financial analysis on companies to help you make informed investment decisions. We recently took a look at JOHNSON CONTROLS INTERNATIONAL’s financial performance. Our Risk Rating of this company is high, indicating that there are significant risks associated with investing in this corporation. We detected two risk warnings in JOHNSON CONTROLS INTERNATIONAL’s income statement and balance sheet. The first warning was related to the company’s current ratio, which was lower than industry average. This could indicate potential trouble with liquidity. The second warning centered around JOHNSON CONTROLS INTERNATIONAL’s debt to equity ratio, which was higher than industry average. This could indicate a potential issue with the company’s debt burden. If you’re considering investing in JOHNSON CONTROLS INTERNATIONAL, make sure to take these risk warnings into account. To get more information about our analysis, register for a free account on GoodWhale.com. We provide detailed financial analysis to help you make the best decisions when it comes to investing. More…

Peers

Johnson Controls International PLC is a leading provider of controls and technology solutions for a variety of industries. The company’s products and services are used in a wide range of applications, including HVAC, security, fire, and energy management. Johnson Controls International PLC has a strong competitive position in the market and is well-positioned to continue its growth. The company’s competitors include Hochiki Corp, Geberit AG, and Rockwool AS.

– Hochiki Corp ($TSE:6745)

Hochiki Corp is a Japanese company that manufactures and sells fire protection equipment. The company has a market cap of 36.64 billion as of 2022 and a return on equity of 9.08%. Hochiki was founded in 1918 and is headquartered in Tokyo, Japan. The company’s products include fire alarm systems, fire extinguishers, and fire sprinklers. Hochiki also provides services such as fire safety consulting and training.

– Geberit AG ($OTCPK:GBERY)

Geberit AG is a Swiss company that manufactures and sells sanitary products. The company has a market cap of 15.16B as of 2022 and a Return on Equity of 29.76%. Geberit’s products include toilets, sinks, showers, and other plumbing products. The company has a strong presence in Europe and Asia.

– Rockwool AS ($LTS:0M09)

Rockwool International A/S is a Denmark-based company engaged in the manufacture of stone wool. The Company’s products are used for thermal and acoustic insulation, as well as for fire protection and horticultural substrates. It operates through two segments: Insulation and horticulture. The Insulation segment focuses on the manufacture of products for thermal and acoustic insulation in buildings, ships, cars and industrial applications. The Horticulture segment offers substrates for professional horticulture, including growers of fruit, vegetables and flowers. Rockwool International A/S has a market cap of 29.48B as of 2022, a Return on Equity of 10.81%.

Summary

The company has seen a decline in its stock price since 2023, underperforming the overall market.

However, analysts are still generally positive on the stock, citing its strong balance sheet and broad portfolio of offerings.

Additionally, the company has been successful in the execution of its cost-cutting initiatives and is expected to benefit from growing demand for energy efficiency solutions. Furthermore, the company continues to invest in research and development to expand its offerings and increase its competitive advantage. In conclusion, JCI’s stock may be undervalued in the short-term due to its underperformance, however for long-term investors it may be a good buy. The company has a strong balance sheet, a diversified portfolio of products, and solid cash flow that should help it weather any potential downturns in the market.