Otis Worldwide Intrinsic Value – OTIS Worldwide Corp. Shares See Slight Dip in Volatile Trading Session
September 7, 2024
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OTIS WORLDWIDE ($NYSE:OTIS) Corp. is a leading manufacturer of elevators, escalators, and moving walkways. On Wednesday, OTIS stocks experienced a slight dip of 0.81%, closing at $94.26. This decline was part of a volatile trading session for the stock market, with mixed performance across the board. The dip in OTIS stocks may be attributed to the overall market volatility on Wednesday. This uncertainty led to a mixed performance for many companies, including OTIS.
However, despite the dip in stocks, OTIS remains a strong and stable company with a solid financial foundation. OTIS also has a strong backlog of orders, indicating a steady stream of future revenue. OTIS’ position as a global leader in the elevator and escalator industry also makes it well-equipped to weather any short-term market fluctuations. With a strong presence in both developed and emerging markets, the company has a diversified revenue stream that can withstand regional economic changes. In conclusion, while OTIS stocks saw a slight dip in Wednesday’s volatile trading session, the company remains a strong player in the market with a solid financial foundation. Investors can expect continued growth and stability from OTIS as it continues to expand its global reach and innovate in the elevator and escalator industry.
Price History
On Thursday, shares of OTIS WORLDWIDE Corp. experienced a slight dip in a volatile trading session. The stock opened at $94.16 but closed at $92.43, a decline of 1.94% from the previous closing price of $94.26. The decline in share price could possibly be attributed to the overall market volatility that has been witnessed in recent weeks. This has been largely driven by concerns over the global economy, trade tensions, and geopolitical issues. As a result, many investors have been hesitant to make significant moves in the market, leading to fluctuations in stock prices. This can be attributed to the company’s strong financial performance and positive outlook.
Additionally, OTIS WORLDWIDE has a solid business model and a strong position in the market as a leading manufacturer of elevators, escalators, and moving walkways. The company has a global presence and benefits from a diverse portfolio of products and services. It’s also worth noting that despite the dip in share price on Thursday, OTIS WORLDWIDE remains a top performer in its industry. The company has consistently outperformed its competitors and has a strong track record of delivering value to its shareholders. With a solid business model, positive financials, and a leading position in the market, OTIS WORLDWIDE is well-positioned for continued success in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Otis Worldwide. More…
| Total Revenues | Net Income | Net Margin |
| 14.21k | 1.41k | 9.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Otis Worldwide. More…
| Operations | Investing | Financing |
| 1.63k | -183 | -1.35k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Otis Worldwide. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.12k | 14.84k | -12.03 |
Key Ratios Snapshot
Some of the financial key ratios for Otis Worldwide are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.7% | 10.1% | 15.4% |
| FCF Margin | ROE | ROA |
| 10.5% | -28.1% | 13.5% |
Analysis – Otis Worldwide Intrinsic Value
As an analyst at GoodWhale, I have analyzed the wellbeing of OTIS WORLDWIDE. Our thorough research and analysis have allowed us to determine the intrinsic value of OTIS WORLDWIDE’s shares. According to our calculations using our proprietary Valuation Line, the intrinsic value of OTIS WORLDWIDE share is around $84.9. Currently, OTIS WORLDWIDE stock is being traded at $92.43, which indicates that it is overvalued by 8.9%. This means that the market price of OTIS WORLDWIDE’s stock is higher than its fair value. As investors, it is important to consider this information when making decisions about buying or selling OTIS WORLDWIDE’s stock. Our analysis has also revealed that OTIS WORLDWIDE has a strong financial standing and is well-positioned in the market. However, it is important for investors to keep an eye on any potential changes or developments in the company that could affect its value in the future. In conclusion, our analysis concludes that OTIS WORLDWIDE’s stock is currently trading at a fair price that is slightly overvalued. As always, it’s important for investors to conduct their own research and consider all factors before making any investment decisions. More…
Peers
Otis Worldwide Corp is one of the world’s leading manufacturers of elevators, escalators, and moving walkways. Its competitors include Vestas Wind Systems A/S, KONE Oyj, and VAT Group AG.
– Vestas Wind Systems A/S ($OTCPK:VWDRY)
Vestas Wind Systems A/S is a Danish wind turbine company. The company is the largest wind turbine manufacturer in the world as of 2021. The company was founded in 1945 and has its headquarters in Aarhus, Denmark. The company designs, manufactures, installs, and services wind turbines across the globe, and as of 2021, it had a total of 102 GW of wind turbines in operation. The company has a market cap of 19.24B as of 2022 and a Return on Equity of -5.53%.
– KONE Oyj ($OTCPK:KNYJY)
KONE is one of the world’s leading elevator and escalator companies. It has been in business for over a century and is headquartered in Finland. The company has a strong presence in Europe, North America, and Asia-Pacific. KONE provides innovative solutions for the transport industry and has a strong commitment to sustainability. The company’s market cap is 20.6 billion as of 2022 and its ROE is 28.72%. KONE’s products and services are used in a variety of settings, including office buildings, shopping malls, hospitals, and transportation hubs.
– VAT Group AG ($OTCPK:VACNY)
VAT Group AG is a world leader in the design and manufacture of industrial valves and related products. The company has a market capitalization of 6.34 billion as of 2022 and a return on equity of 31.51%. VAT Group AG designs, manufactures, and markets a broad range of valves and related products for use in a variety of industries, including oil and gas, power generation, water and wastewater, and chemical processing. The company’s products are used in a variety of applications, including the control of fluids, the regulation of pressure, and the measurement of flow.
Summary
On Wednesday, shares of Otis Worldwide Corp. (OTIS) experienced a 0.81% drop in value, closing at $94.26 per share. This decline occurred amidst a mixed trading session for the overall stock market. While OTIS has shown strong performance in recent months, this recent dip may cause concern among investors. It will be important to continue monitoring the company’s financials and market trends to determine if this is a temporary setback or a cause for greater concern.
Additionally, it may be beneficial for investors to diversify their portfolios and not solely rely on one stock for their returns.
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