OTIS - Otis Worldwide Corp Stock Price, Fair Value and News

94.25USD+0.36 (+0.38%)Delayed as of 08 May 2024, 12:51 pm ET

Market Summary

USD94.25+0.36

Delayedas of 08 May 2024, 12:51 pm

0.38%

OTIS Stock Price

View Fullscreen

OTIS RSI Chart

OTIS Valuation

Market Cap

38.0B

Price/Earnings (Trailing)

26.58

Price/Sales (Trailing)

2.65

EV/EBITDA

21.12

Price/Free Cashflow

24.97

OTIS Price/Sales (Trailing)

OTIS Profitability

EBT Margin

14.34%

Return on Equity

-28.91%

Return on Assets

14.58%

Free Cashflow Yield

OTIS Fundamentals

OTIS Revenue

Revenue (TTM)

14.3B

Rev. Growth (Yr)

2.72%

Rev. Growth (Qtr)

-5.06%

OTIS Earnings

Earnings (TTM)

1.4B

Earnings Growth (Yr)

6.65%

Earnings Growth (Qtr)

9.29%

Breaking Down OTIS Revenue

52 Week Range

78.8694.55

(Low)(High)

Last 7 days

2.9%

Last 30 days

-4.0%

Last 90 days

2.3%

Trailing 12 Months

9.5%

How does OTIS drawdown profile look like?

OTIS Financial Health

Current Ratio

0.97

Debt/Equity

-1.39

Debt/Cashflow

0.22

OTIS Investor Care

Dividend Yield

1.45%

Dividend/Share (TTM)

1.36

Buy Backs (1Y)

2.41%

Diluted EPS (TTM)

3.46

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	14.3B	0	0	0
2023	13.6B	13.8B	14.0B	14.2B
2022	14.3B	14.1B	13.8B	13.7B
2021	13.2B	13.9B	14.2B	14.3B
2020	13.0B	12.7B	12.6B	12.8B
2019	13.0B	13.0B	13.1B	13.1B
2018	0	0	0	12.9B

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed S&P 500 Index

Grufity's Fair Value model takes all the S&P 500 stocks and divides them into separate buckets based on their attractiveness. The 'Very Cheap' bucket of S&P 500 has greatly outperformed S&P 500 Index. Conversely, S&P500 stocks considered 'Very Expensive' by the model underperformed the S&P500 index in the past three years. Grufity Fair Value is available for 2300+ stocks, including 90% of S&P 500 stocks. Grufity's Fair Value Model separates high-return stocks from low-return stocks.

Returns of $10,000 invested in:

Very Cheap Stocks: $17,289
S&P 500 Index: $12,922
Very Expensive Stocks: $11,022

Grufity's Fair Value model does a great job in separating High Performing Stocks from Low Performing ones in the S&P 500 list.

S&P 500 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Otis Worldwide Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 01, 2024	zheng peiming	acquired	-	-	301	evp, chief product, delivery
Mar 01, 2024	zheng peiming	sold (taxes)	-13,395	95.68	-140	evp, chief product, delivery
Mar 01, 2024	loh sally	acquired	-	-	1,207	president, otis china
Feb 21, 2024	de montlivault stephane	acquired	4,184,250	65.1275	64,247	president, otis asia pacific
Feb 21, 2024	de montlivault stephane	sold (taxes)	-4,184,180	91.25	-45,854	president, otis asia pacific
Feb 21, 2024	de montlivault stephane	sold	-1,675,630	91.1013	-18,393	president, otis asia pacific
Feb 20, 2024	lafreniere nora e.	sold	-2,008,830	90.8727	-22,106	evp, general counsel
Feb 20, 2024	ryan michael patrick	sold	-319,680	90.7665	-3,522	svp, cao & controller
Feb 20, 2024	lafreniere nora e.	acquired	809,632	54.6643	14,811	evp, general counsel
Feb 20, 2024	lafreniere nora e.	sold (taxes)	-809,555	90.9	-8,906	evp, general counsel

Which funds bought or sold OTIS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	BANQUE PICTET & CIE SA	added	2.2	3,349,970	28,359,300	0.27%
May 06, 2024	Savant Capital, LLC	added	2.94	227,247	1,826,520	0.02%
May 06, 2024	Parallel Advisors, LLC	added	2.35	108,993	913,149	0.03%
May 06, 2024	Sterling Financial Planning, Inc.	unchanged	-	24,500	248,175	0.10%
May 06, 2024	Bard Financial Services, Inc.	unchanged	-	33,516	339,503	0.04%
May 06, 2024	Envestnet Portfolio Solutions, Inc.	added	21.91	590,937	2,266,650	0.01%
May 06, 2024	Empirical Finance, LLC	added	3.41	191,572	1,491,930	0.09%
May 06, 2024	TEACHER RETIREMENT SYSTEM OF TEXAS	reduced	-61.31	-2,641,000	1,985,000	0.01%
May 06, 2024	SouthState Corp	reduced	-10.27	-1,276	288,875	0.02%
May 06, 2024	HBC Financial Services, PLLC	unchanged	-	-	-	-%

Are Funds Buying or Selling OTIS?

Are funds buying OTIS calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own OTIS

No. of Funds

Unveiling Otis Worldwide Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 12, 2024	blackrock inc.	8.5%	34,990,980	SC 13G/A
Jan 10, 2024	vanguard group inc	11.18%	45,770,739	SC 13G/A
Feb 09, 2023	vanguard group inc	9.53%	39,713,309	SC 13G/A
Feb 03, 2023	blackrock inc.	8.6%	35,961,868	SC 13G/A
Feb 10, 2022	state street corp	4.00%	16,998,926	SC 13G/A
Feb 03, 2022	blackrock inc.	8.7%	37,081,287	SC 13G/A
Feb 24, 2021	state street corp	7.76%	33,601,023	SC 13G/A
Feb 12, 2021	state street corp	7.76%	33,601,023	SC 13G
Feb 10, 2021	vanguard group inc	8.65%	37,456,285	SC 13G
Feb 02, 2021	blackrock inc.	7.4%	32,225,210	SC 13G

Recent SEC filings of Otis Worldwide Corp

View All Filings

Date Filed	Form Type	Document
May 07, 2024	144	Notice of Insider Sale Intent
May 02, 2024	DEFA14A	DEFA14A
Apr 25, 2024	10-Q	Quarterly Report
Apr 24, 2024	8-K	Current Report
Apr 05, 2024	ARS	ARS
Apr 05, 2024	DEF 14A	DEF 14A
Apr 05, 2024	DEFA14A	DEFA14A
Mar 04, 2024	4	Insider Trading
Mar 04, 2024	4	Insider Trading
Feb 23, 2024	4	Insider Trading

Peers (Alternatives to Otis Worldwide Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
GE	184.9B	69.5B	8.06%	67.36%	52.66	2.66	16.04%	-60.91%
CAT	170.3B	67.0B	-9.08%	60.56%	15.15	2.54	8.59%	58.17%
CMI	39.3B	34.0B	-4.51%	28.32%	19.04	1.15	12.85%	-19.64%
AME	39.3B	6.7B	-6.90%	16.98%	29.78	5.83	7.11%	10.53%
ACM	12.7B	15.3B	-4.38%	12.87%	-919.7	0.83	13.36%	-103.70%
MID-CAP
APG	10.4B	6.9B	-3.72%	71.49%	60.31	1.5	3.19%	62.26%
FLR	6.6B	15.5B	-9.24%	41.30%	21.65	0.43	7.53%	3145.00%
FLS	6.4B	4.4B	1.21%	34.95%	27.24	1.44	17.31%	1.26%
ACA	4.3B	2.4B	5.11%	29.61%	29.91	1.81	4.48%	-49.27%
ALG	2.3B	1.7B	-11.20%	6.69%	17.34	1.37	8.96%	15.52%
SMALL-CAP
AMRC	1.2B	1.4B	-1.11%	-47.47%	19.9	0.83	-13.54%	-25.70%
AGX	860.7M	573.3M	29.46%	61.61%	26.6	1.5	26.00%	-2.24%
NKLA	813.9M	35.8M	-41.18%	-39.08%	-0.86	22.71	-27.93%	-18.06%
AMSC	415.9M	135.4M	5.46%	246.92%	-25.36	3.07	-25.90%	65.37%
ADES	260.9M	99.2M	23.04%	300.51%	-21.3	2.63	-3.69%	-37.37%

Otis Worldwide Corp News

Latest updates

Otis Worldwide Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-5.1%	3,437	3,620	3,523	3,720	3,346	3,439	3,344	3,488	3,414	3,569	3,620	3,701	3,408	3,493	3,268	3,029	2,966	3,353	3,313	3,351	3,101
Costs and Expenses	-5.8%	2,907	3,087	2,965	3,152	2,840	2,965	2,827	2,982	2,904	3,079	3,078	3,149	2,906	3,058	2,807	2,616	2,572	2,913	2,821	2,851	2,680
S&GA Expenses	-7.2%	462	498	452	479	455	448	417	439	459	503	479	484	482	537	481	441	465	481	444	444	441
R&D Expenses	-2.7%	36.00	37.00	36.00	36.00	35.00	38.00	37.00	38.00	37.00	46.00	39.00	39.00	35.00	40.00	37.00	37.00	38.00	45.00	39.00	40.00	39.00
EBITDA Margin	-0.3%	0.15*	0.15*	0.15*	0.15*	0.14*	0.14*	0.14*	0.14*	0.14*	0.14*	0.14*	0.14*	0.13*	0.12*	0.13*	0.14*	0.15*	-	-	-	-
Interest Expenses	-7.3%	-44.00	-41.00	-39.00	-37.00	-33.00	-36.00	-35.00	-35.00	-37.00	-44.00	-33.00	-27.00	-32.00	-37.00	-39.00	-41.00	-5.00	5.00	6.00	3.00	1.00
Income Taxes	-5.3%	126	133	137	135	128	137	143	103	136	137	128	153	123	118	103	109	125	183	143	143	125
Earnings Before Taxes	4.8%	500	477	532	542	480	455	493	451	489	447	507	532	475	397	413	374	327	437	504	495	425
EBT Margin	0.3%	0.14*	0.14*	0.14*	0.14*	0.14*	0.14*	0.14*	0.13*	0.14*	0.14*	0.13*	0.13*	0.13*	0.12*	0.12*	0.13*	0.14*	-	-	-	-
Net Income	9.3%	353	323	376	376	331	297	324	321	311	281	331	326	308	251	266	224	165	218	317	308	273
Net Income Margin	0.9%	0.10*	0.10*	0.10*	0.10*	0.09*	0.09*	0.09*	0.09*	0.09*	0.09*	0.09*	0.08*	0.08*	0.07*	0.07*	0.07*	0.08*	-	-	-	-
Free Cashflow	-71.4%	171	597	306	446	278	464	239	353	504	277	355	533	585	309	348	664	159	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																		(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Assets	-3.2%	9,791	10,117	10,390	10,135	9,845	9,819	9,342	9,913	11,795	12,279	10,472	10,857	10,505	10,710	10,473	10,441	9,524	9,687
Current Assets	-4.1%	6,138	6,400	6,749	6,417	6,153	6,143	5,829	6,150	7,844	8,261	6,375	6,681	6,346	6,493	6,271	6,392	5,514	5,658
Cash Equivalents	-30.6%	884	1,274	1,636	1,219	1,117	1,195	1,034	1,218	1,235	1,565	1,553	1,923	1,725	1,801	1,733	1,912	1,207	1,459
Inventory	-3.1%	593	612	624	640	642	617	603	596	626	622	628	673	686	659	667	629	599	571
Net PPE	-1.9%	713	727	708	715	719	719	692	724	757	774	775	781	765	774	721	704	688	721
Goodwill	-0.8%	1,575	1,588	1,547	1,579	1,570	1,567	1,448	1,550	1,636	1,667	1,702	1,742	1,727	1,773	1,700	1,639	1,608	1,647
Liabilities	-1.6%	14,607	14,837	15,000	14,760	14,483	14,483	14,075	14,665	15,145	15,263	13,705	14,111	13,791	13,911	13,856	14,017	13,713	7,361
Current Liabilities	-2.5%	6,318	6,479	6,749	7,158	6,823	6,843	5,992	6,338	6,651	6,247	6,363	6,716	6,395	6,673	6,291	5,762	5,355	5,374
Short Term Borrowings	9.4%	35.00	32.00	-	-	-	-	103	81.00	51.00	24.00	38.00	343	341	701	538	33.00	67.00	34.00
Long Term Debt	-0.3%	6,846	6,866	6,822	6,117	6,116	6,098	6,459	6,602	6,694	7,249	5,458	5,457	5,457	5,262	5,512	6,260	6,258	5.00
LT Debt, Non Current	-0.3%	6,846	6,866	6,822	6,117	6,116	6,098	6,459	6,602	6,694	7,249	5,458	5,457	5,457	5,262	5,512	6,260	-	5.00
Shareholder's Equity	-1.8%	-4,940	-4,855	-	-	-4,767	-4,799	-	-	-	-	-	-	-	-	-	-	-	2,128
Retained Earnings	10.5%	-1,794	-2,005	-2,183	-2,419	-2,653	-2,865	-3,042	-3,245	-3,529	-2,256	-2,404	-2,633	-2,855	-3,106	-3,241	-3,418	-	-
Accumulated Depreciation	0.5%	1,238	1,232	1,196	1,205	1,183	1,151	1,079	1,141	1,144	1,156	1,173	1,163	1,127	1,197	1,154	1,124	1,088	1,082
Shares Outstanding	-1.5%	405	411	413	414	414	420	421	423	424	428	429	428	432	433	433	433	-	-
Minority Interest	21.7%	84.00	69.00	55.00	101	90.00	71.00	52.00	109	107	481	559	539	559	467	543	570	537	531
Float	-	-	-	-	36,614	-	-	-	29,681	-	-	-	34,888	-	-	-	24,623	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-71.4%	171	597	306	446	278	464	239	353	504	277	355	533	585	309	348	664	159	454	364	354	297
Share Based Compensation	6.7%	16.00	15.00	15.00	19.00	15.00	26.00	13.00	15.00	13.00	17.00	17.00	17.00	14.00	19.00	17.00	16.00	11.00	8.00	13.00	9.00	7.00
Cashflow From Investing	-54.9%	-79.00	-51.00	-41.00	-70.00	-21.00	-95.00	72.00	7.00	-17.00	-20.00	-2.00	-17.00	-50.00	-64.00	-147	-50.00	-92.00	-53.00	-58.00	-74.00	-18.00
Cashflow From Financing	49.9%	-467	-932	167	-244	-341	-250	-465	-2,114	-823	1,679	-705	-342	-574	-255	-409	76.00	-256	-439	-341	-41.00	-312
Dividend Payments	-0.7%	138	139	139	141	120	120	121	122	102	102	102	102	87.00	87.00	86.00	87.00	-	-	-	-	-
Buy Backs	34.8%	300	223	228	177	175	150	300	200	200	-	219	206	300	-	-	-	-	-	-	-	-

Get Full Access to Grufity – and Unlimited Downloads

Gain full access to fair value, watchlists, stock screener, unlimited page visits, and additional features by joining as a member today for just $1.99.

Try For Just $1.99

OTIS Income Statement

2024-03-31

Condensed Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net sales:
Revenues	$ 3,437	$ 3,346
Costs and expenses:
Research and development	36	35
Selling, general and administrative	462	455
Costs and expenses	2,907	2,840
Other income (expense), net	14	7
Operating profit	544	513
Non-service pension cost (benefit)	0	0
Interest expense (income), net	44	33
Net income before income taxes	500	480
Income tax expense	126	128
Net income	374	352
Less: Noncontrolling interest in subsidiaries' earnings	21	21
Net income attributable to Otis Worldwide Corporation	$ 353	$ 331
Earnings per share (Note 2):
Basic (in usd per share)	$ 0.87	$ 0.80
Diluted (in usd per share)	$ 0.86	$ 0.79
Weighted average number of shares outstanding:
Basic shares (in shares)	405,200,000	414,300,000
Diluted shares (in shares)	408,100,000	417,800,000
Product sales
Net sales:
Revenues	$ 1,280	$ 1,307
Costs and expenses:
Cost of products and services sold	1,067	1,098
Service sales
Net sales:
Revenues	2,157	2,039
Costs and expenses:
Cost of products and services sold	$ 1,342	$ 1,252

OTIS Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 884	$ 1,274
Accounts receivable (net of allowance for expected credit losses of $133 and $130)	3,654	3,538
Contract assets	716	717
Inventories	593	612
Other current assets	291	259
Total Current Assets	6,138	6,400
Future income tax benefits	303	323
Fixed assets (net of accumulated depreciation of $1,238 and $1,232)	713	727
Operating lease right-of-use assets	405	416
Intangible assets, net	343	335
Goodwill	1,575	1,588
Other assets	314	328
Total Assets	9,791	10,117
Liabilities and Equity (Deficit)
Short-term borrowings and current portion of long-term debt	35	32
Accounts payable	1,641	1,878
Accrued liabilities	1,691	1,873
Contract liabilities	2,951	2,696
Total Current Liabilities	6,318	6,479
Long-term debt	6,846	6,866
Future pension and postretirement benefit obligations	452	462
Operating lease liabilities	284	292
Future income tax obligations	255	245
Other long-term liabilities	452	493
Total Liabilities	14,607	14,837
Commitments and contingent liabilities (Note 16)
Redeemable noncontrolling interest	124	135
Shareholders' Equity (Deficit):
Common Stock and additional paid-in capital	210	213
Treasury Stock	(2,684)	(2,382)
Accumulated deficit	(1,794)	(2,005)
Accumulated other comprehensive income (loss)	(756)	(750)
Total Shareholders' Equity (Deficit)	(5,024)	(4,924)
Noncontrolling interest	84	69
Total Equity (Deficit)	(4,940)	(4,855)
Total Liabilities and Equity (Deficit)	$ 9,791	$ 10,117

About Otis Worldwide Corp

Otis Worldwide Corporation engages in the manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. This segment serves real-estate and building developers, and general contractors. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. Otis Worldwide Corporation was founded in 1853 and is headquartered in Farmington, Connecticut.

CEO	Ms. Judith F. Marks
WEBSITE	otis.com
INDUSTRY	Apparel Manufacturing
EMPLOYEES	65535

Otis Worldwide Corp Frequently Asked Questions

What is the ticker symbol for Otis Worldwide Corp? What does OTIS stand for in stocks?

OTIS is the stock ticker symbol of Otis Worldwide Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Otis Worldwide Corp (OTIS)?

As of Tue May 07 2024, market cap of Otis Worldwide Corp is 37.96 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of OTIS stock?

You can check OTIS's fair value in chart for subscribers.

What is the fair value of OTIS stock?

You can check OTIS's fair value in chart for subscribers. The fair value of Otis Worldwide Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Otis Worldwide Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for OTIS so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Otis Worldwide Corp a good stock to buy?

The fair value guage provides a quick view whether OTIS is over valued or under valued. Whether Otis Worldwide Corp is cheap or expensive depends on the assumptions which impact Otis Worldwide Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for OTIS.

What is Otis Worldwide Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, OTIS's PE ratio (Price to Earnings) is 26.58 and Price to Sales (PS) ratio is 2.65. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. OTIS PE ratio will change depending on the future growth rate expectations of investors.