Otis Worldwide: Buy This Undervalued Spin-Off And Industry Leader [Seeking Alpha]
Otis Worldwide Corporation (OTIS)
Company Research
Source: Seeking Alpha
Summary..The razor blade is the service business, where Otis Worldwide is the industry leader. This industry is highly-fragemented and ~2M units having Otis controllers are not being serviced by Otis.On a relative valuation basis, Otis is trading at an EV/EBITDA multiple below its closest peer Kone.As the leader in a large and growing $75B marketplace, Otis Worldwide (OTISGarrett Motion - A Value Investors' NightmareOverviewOtis Worldwide has a heritage dating back almost 200 years and, one hundred years ago in April, the company went public on the New York Stock Exchange. Since first going public 100 years ago, the industry and Otis have transformed and, as of today, Otis Worldwide is the leader with ~17% market share in an Industry that is $75B and over 2B people worldwide touch the product each day. Otis Worldwide recently became publicly listed again when United Technologies (UTXAs of late, spin-offs have not been too kind to the holders of the stock as the marketplace is littered
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OTIS
News
- Otis Worldwide Corporation (NYSE:OTIS) First-Quarter Results: Here's What Analysts Are Forecasting For This Year [Yahoo! Finance]Yahoo! Finance
- Otis Worldwide Co. (NYSE: OTIS) had its price target raised by analysts at JPMorgan Chase & Co. from $104.00 to $105.00. They now have a "neutral" rating on the stock.MarketBeat
- Otis Worldwide Co. (NYSE: OTIS) had its price target lowered by analysts at Wells Fargo & Company from $102.00 to $98.00. They now have an "equal weight" rating on the stock.MarketBeat
- Nigeria Elevator and Escalator Market Report 2024, with Key Player Analysis for Otis, KONE, Mitsubishi Electric, TK Elevator, Hyundai Elevator, FUJIHD Elevator, Hitachi, Kleemann and Akotex Elevator [Yahoo! Finance]Yahoo! Finance
- OTIS Q1 Earnings Beat, Organic Sales Up, '24 View Raised [Yahoo! Finance]Yahoo! Finance
OTIS
Earnings
- 4/24/24 - Beat
OTIS
Sec Filings
- 4/25/24 - Form 10-Q
- 4/24/24 - Form 8-K
- 4/5/24 - Form ARS
- OTIS's page on the SEC website