Otis Worldwide: An Option To Get In At A Lower Level [Seeking Alpha]
Otis Worldwide Corporation (OTIS)
Company Research
Source: Seeking Alpha
Andrei Akushevich/iStock via Getty ImagesThe current market correction is presenting some attractive opportunities for value investors who have been waiting patiently for several years for prices to reflect fundamentals. Otis Worldwide Corporation (NYSE:OTIShigh as of Friday's close, and the global leader in elevators is starting to look attractive on a free cash flow basis. Before jumping in, investors will want to look at the company's liabilities and decide if the risk is worth the reward.Robust Cash FlowOtis recentlyreiteratedOtis 2022 Guidance Delivered at International Marketing(Otis Worldwide International Marketing Presentation)At Friday's closing price of $67.88, that would equate to a forward price to free cash flow ratio of 18. Otis has established that share repurchases will be a priority for the company, having announced a new $1B share repurchase plan and a 2022 share repurchase target of $500MM. The average diluted share count has been reduced by 1.6% since the end of 2
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OTIS
News
- Intergenerational Leadership Is Key To Organizational Success [Forbes]Forbes
- Calculating The Intrinsic Value Of Otis Worldwide Corporation (NYSE:OTIS) [Yahoo! Finance]Yahoo! Finance
- Otis Hong Kong Receives "Outstanding Elevator Business Award" in 01 Gold Medal Awards 2023 [Yahoo! Finance]Yahoo! Finance
- Otis Hong Kong Receives "Outstanding Elevator Business Award" in 01 Gold Medal Awards 2023PR Newswire
- Smart Elevator Market To Reach USD 50.3 Billion By 2032, Says DataHorizzon Research [Yahoo! Finance]Yahoo! Finance
OTIS
Earnings
- 1/31/24 - Beat
OTIS
Sec Filings
- 4/5/24 - Form ARS
- 4/5/24 - Form DEFA14A
- 4/5/24 - Form DEF
- OTIS's page on the SEC website