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Carrier Global Corp. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2020
- Return on Assets (ROA) since 2020
- Price to Earnings (P/E) since 2020
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Calculation
P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Operating profit1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
---|---|---|---|---|---|---|---|---|---|---|---|
Feb 7, 2023 | = | ÷ | = | ÷ | |||||||
Feb 8, 2022 | = | ÷ | = | ÷ | |||||||
Feb 9, 2021 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Carrier Global Corp. Annual Report.
- Share Price
- The share price increased from $37.25 in February 2021 to $46.06 in February 2022, representing a notable growth during that period. However, in the subsequent year ending February 2023, the share price decreased slightly to $44.39, indicating a minor decline but remaining above the initial 2021 level.
- Operating Profit per Share
- Operating profit per share declined from $3.55 in February 2021 to $3.09 in February 2022, showing a contraction in operating profitability. Nonetheless, it experienced a significant rebound in February 2023, increasing sharply to $5.41, which reflects a substantial improvement in operational efficiency or profitability during that year.
- Price to Operating Profit Ratio (P/OP)
- The P/OP ratio rose from 10.5 in February 2021 to 14.9 in February 2022, indicating that the share price grew at a faster rate than operating profit per share or that investors were willing to pay a higher multiple relative to operating profit. By February 2023, the ratio dropped to 8.2, the lowest in the observed periods, suggesting that the market valuation became more conservative or that the operating profit per share increase outpaced any gains in share price.
Comparison to Competitors
Carrier Global Corp. | Boeing Co. | Caterpillar Inc. | Lockheed Martin Corp. | RTX Corp. | |
---|---|---|---|---|---|
Feb 7, 2023 | |||||
Feb 8, 2022 | |||||
Feb 9, 2021 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).