| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | n/a | n/a |
| Intrinsic value (DCF) | n/a | |
| Graham-Dodd Method | 16.80 | -67 |
| Graham Formula | 139.60 | 178 |
Carrier Global Corporation (4PN.DE) is a leading provider of heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. Headquartered in Palm Beach Gardens, Florida, the company operates through three key segments: HVAC, Refrigeration, and Fire & Security. Serving both residential and commercial markets, Carrier offers a comprehensive portfolio of products, including air conditioners, heating systems, transport refrigeration, fire detection systems, and building automation solutions. With a strong brand portfolio featuring names like Carrier, Bryant, Kidde, and LenelS2, the company is well-positioned in the industrials sector, particularly within the construction industry. Carrier's focus on energy-efficient and smart building solutions aligns with global sustainability trends, making it a critical player in modern infrastructure development. The company's extensive aftermarket services, including maintenance, repair, and monitoring, further enhance its recurring revenue streams and customer retention.
Carrier Global Corporation presents a compelling investment case due to its diversified product portfolio, strong brand recognition, and alignment with global sustainability trends in energy-efficient building solutions. The company's solid financials, including a market cap of approximately €59.86 billion and a net income of €5.6 billion in the latest fiscal year, underscore its stability. However, investors should note the company's high beta of 1.212, indicating higher volatility compared to the broader market. Additionally, Carrier's significant total debt of €12.71 billion could pose risks in a rising interest rate environment. The dividend yield, supported by a dividend per share of €0.76193, adds appeal for income-focused investors. Overall, Carrier's market leadership and innovation in HVAC and smart building technologies position it well for long-term growth, though macroeconomic and competitive pressures remain key considerations.
Carrier Global Corporation holds a strong competitive position in the HVAC, refrigeration, and fire & security markets, driven by its extensive brand portfolio and technological innovation. The company's HVAC segment benefits from its legacy brands like Carrier and Bryant, which enjoy high customer trust and widespread distribution. In refrigeration, Carrier's focus on transport and commercial refrigeration solutions, including its Sensitech monitoring products, provides a competitive edge in logistics and food retail sectors. The Fire & Security segment leverages well-known brands such as Kidde and LenelS2 to offer integrated safety solutions. Carrier's competitive advantages include its global scale, strong R&D capabilities, and a robust aftermarket service network that drives recurring revenue. However, the company faces intense competition from other industrial giants, particularly in commoditized segments of the HVAC market. Pricing pressures and the need for continuous innovation in smart and sustainable technologies are ongoing challenges. Carrier's ability to integrate digital solutions, such as building automation and IoT-enabled devices, will be critical in maintaining its leadership position against rivals investing heavily in similar technologies.