Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates through 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. It sells its products directly to customers, as well as through agents and distributors. 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.
Future Trajectory | Analyst price targets range from $90 to $110, reflecting varied outlooks on Otis's ability to navigate market challenges and capitalize on service growth |
Strategic Shift | Explore Otis's transition towards a more defensive, service-oriented business model, reducing dependence on China's new equipment market |
Financial Health | Despite headwinds, Otis maintains a "GOOD" financial health score, with a P/E ratio of 23.79 and consistent dividend growth over 5 years |
Market Dynamics | Otis faces challenges in China's construction downturn while leveraging its strong global service sector to maintain growth and profitability |
Metrics to compare | OTIS | Sector Sector - Average of metrics from a broad group of related Industrials sector companies | Relationship RelationshipOTISPeersSector | |
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P/E Ratio | 24.7x | 30.6x | 11.7x | |
PEG Ratio | 2.31 | 3.17 | 0.03 | |
Price / Book | −7.4x | 5.9x | 1.4x | |
Price / LTM Sales | 2.7x | 2.6x | 1.1x | |
Upside (Analyst Target) | 4.4% | 0.0% | 27.4% | |
Fair Value Upside | Unlock | −11.0% | 9.3% | Unlock |