CARR Valuation

Carrier Global Corp

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64.880

-1.15(-1.742%)1D

Overview
Forecast
Valuation
Earnings

CARR Relative Valuation

CARR's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, CARR is overvalued; if below, it's undervalued.

Historical Valuation

Carrier Global Corp (CARR) is now in the Undervalued zone, suggesting that its current forward PE ratio of 19.96 is considered Undervalued compared with the five-year average of 20.15. The fair price of Carrier Global Corp (CARR) is between 76.85 to 93.09 according to relative valuation methord. Compared to the current price of 64.88 USD , Carrier Global Corp is Undervalued By 15.57%.

Relative Value

Fair Zone

76.85-93.09

Current Price：64.88

15.57%

Undervalued

19.96

Trailing

Forward

12.72

EV/EBITDA

Carrier Global Corp. (CARR) has a current EV/EBITDA of 12.72. The 5-year average EV/EBITDA is 13.67. The thresholds are as follows: Strongly Undervalued below 9.89, Undervalued between 9.89 and 11.78, Fairly Valued between 15.56 and 11.78, Overvalued between 15.56 and 17.45, and Strongly Overvalued above 17.45. The current Forward EV/EBITDA of 12.72 falls within the Historic Trend Line -Fairly Valued range.

16.52

EV/EBIT

Carrier Global Corp. (CARR) has a current EV/EBIT of 16.52. The 5-year average EV/EBIT is 16.05. The thresholds are as follows: Strongly Undervalued below 11.13, Undervalued between 11.13 and 13.59, Fairly Valued between 18.51 and 13.59, Overvalued between 18.51 and 20.96, and Strongly Overvalued above 20.96. The current Forward EV/EBIT of 16.52 falls within the Historic Trend Line -Fairly Valued range.

2.37

Carrier Global Corp. (CARR) has a current PS of 2.37. The 5-year average PS is 2.02. The thresholds are as follows: Strongly Undervalued below 1.17, Undervalued between 1.17 and 1.60, Fairly Valued between 2.44 and 1.60, Overvalued between 2.44 and 2.87, and Strongly Overvalued above 2.87. The current Forward PS of 2.37 falls within the Historic Trend Line -Fairly Valued range.

19.12

P/OCF

Carrier Global Corp. (CARR) has a current P/OCF of 19.12. The 5-year average P/OCF is 25.89. The thresholds are as follows: Strongly Undervalued below -13.18, Undervalued between -13.18 and 6.35, Fairly Valued between 45.42 and 6.35, Overvalued between 45.42 and 64.95, and Strongly Overvalued above 64.95. The current Forward P/OCF of 19.12 falls within the Historic Trend Line -Fairly Valued range.

24.15

P/FCF

Carrier Global Corp. (CARR) has a current P/FCF of 24.15. The 5-year average P/FCF is -45.26. The thresholds are as follows: Strongly Undervalued below -659.81, Undervalued between -659.81 and -352.54, Fairly Valued between 262.02 and -352.54, Overvalued between 262.02 and 569.30, and Strongly Overvalued above 569.30. The current Forward P/FCF of 24.15 falls within the Historic Trend Line -Fairly Valued range.

Carrier Global Corp (CARR) has a current Price-to-Book (P/B) ratio of 3.74. Compared to its 3-year average P/B ratio of 4.82 , the current P/B ratio is approximately -22.45% higher. Relative to its 5-year average P/B ratio of 5.28, the current P/B ratio is about -29.19% higher. Carrier Global Corp (CARR) has a Forward Free Cash Flow (FCF) yield of approximately 0.96%. Compared to its 3-year average FCF yield of 3.19%, the current FCF yield is approximately -69.79% lower. Relative to its 5-year average FCF yield of 3.72% , the current FCF yield is about -74.08% lower.

3.74

P/B

Median3y

4.82

Median5y

5.28

0.96

FCF Yield

Median3y

3.19

Median5y

3.72

Competitors Valuation Multiple

The average P/S ratio for CARR's competitors is 3.33, providing a benchmark for relative valuation. Carrier Global Corp Corp (CARR) exhibits a P/S ratio of 2.37, which is -28.94% above the industry average. Given its robust revenue growth of 3.02%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Johnson Controls International PLC

Performance Decomposition

Market capitalization of CARR decreased by 10.32% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 7.53 to 10.63.

The secondary factor is the Revenue Growth, contributed 3.02%to the performance.

Overall, the performance of CARR in the past 1 year is driven by Margin Expansion. Which is more sustainable.

3.02%

5.93B → 6.11B

Revenue Growth

41.17%

7.53 → 10.63

Margin Expansion

-54.51%

82.26 → 37.42

P/E Change

-10.32%