Carrier Global Corporation chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 24.03
Dividend & Yield0.71€ (1.79%)
Beta 1.15
Market capitalization 33.02B
Operating cash flow 1.53B
ESG Scores unknown

Company description

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers. Its products include air conditioners, heating systems, controls, and aftermarket components, as well as aftermarket repair and maintenance services and building automation solutions. The Refrigeration segment offers transport refrigeration and monitoring products and services, as well as digital solutions for trucks, trailers, shipping containers, intermodal applications, food retail, and warehouse cooling; and commercial refrigeration solutions, such as refrigerated cabinets, freezers, systems, and controls. The Fire & Security segment provides various residential, commercial, and industrial technologies, including fire, flame, gas, smoke, and carbon monoxide detection; portable fire extinguishers; fire suppression systems; intruder alarms; access control systems; video management systems; and electronic controls. Its other fire and security service offerings comprise audit, design, installation, and system integration, as well as aftermarket maintenance and repair and monitoring services. The company offers its products under the Autronica, Det-Tronics, Edwards, Fireye, GST, Kidde, LenelS2, Marioff, Onity, and Supra; Carrier, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, and Riello; and Carrier Commercial Refrigeration, Carrier Transicold, and Sensitech brands. The company was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.

Sector: Industrials - Industry: Building Products & Equipment

Financial Ratios
Quick Ratio1.42
Working Capital0.35
Return On Equity0.25
Debt To Equity1.41
Fixed Asset Ratio0.03
Fixed Interest Cover8.05

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 112M -314M 283M 880M
Total Cashflows From Investing Activities 415M -259M 1.11B -692M
Net Borrowings 120M -6M 9.85B -551M
Total Cash From Financing Activities -2.63B -1.98B -681M -1.56B
Change To Operating Activities -7M 62M 3M -11M
Issuance Of Stock
Net Income 2.73B 2.12B 1.98B 1.66B
Change In Cash -201M -182M 2.16B -132M
Effect Of Exchange Rate -39M 1M 45M -16M
Total Cash From Operating Activities 2.06B 2.06B 1.69B 2.24B
Depreciation 357M 335M 336M 338M
Change To Account Receivables -278M -106M 40M -144M
Other Cashflows From Financing Activities -2.75B -1.98B -10.39B -67M
Change To Netincome -712M -28M -712M -82M
Capital Expenditures -263M -243M -312M -344M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 400M 401M 419M 503M
Income Before Tax 3.84B 2.67B 2.85B 2.4B
Net Income 2.73B 2.12B 1.98B 1.66B
Selling General Administrative 2.48B 2.52B 2.59B 2.98B
Gross Profit 5.61B 5.46B 5.13B 6.01B
Ebit 2.87B 2.64B 2.09B 2.57B
Operating Income 2.87B 2.64B 2.09B 2.57B
Interest Expense -84M -298M -298M -319M
Income Tax Expense 1.07B 517M 849M 699M
Total Revenue 18.91B 18.61B 17.46B 20.61B
Cost Of Revenue 13.31B 13.15B 12.33B 14.61B
Total Other Income ExpenseNet 976M 29M 769M -168M
Net Income From Continuing Ops 2.77B 2.15B 2.01B 1.7B
Net Income Applicable To Common Shares 2.73B 2.12B 1.98B 1.66B

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 7.47B 7.97B 18.52B 19.08B
Total Stockholder Equity 13.92B 14.1B 6.25B 6.77B
Other Current Liabilities 1.04B 1.03B 534M 1.6B
Total Assets 21.74B 22.41B 25.09B 26.17B
Common Stock 15.13B 15.36B 9M 9M
Other Current Assets 378M 327M 343M 3.54B
Retained Earnings 1.64B 2.87B
Treasury Stock -1.22B -1.25B -745M -1.52B
Cash 1.13B 952M 3.12B 2.99B
Total Current Liabilities 4.47B 4.47B 5.11B 6.63B
Other Stockholder Equity -1.22B -1.25B -745M -989M
Property, Plant, and Equipment 1.65B 2.5B 2.6B 2.47B
Total Current Assets 6.11B 5.96B 8.52B 11.41B
Net Tangible Assets 2.85B 3.13B -4.92B -3.09B
Net Receivables 3.24B 3.35B 3.44B 2.91B
Accounts Payable 1.94B 1.7B 1.94B 2.33B


Insider Transactions

Here are the insider transactions of stock shares related to Carrier Global Corporation:

Filer Name Transaction Text Ownership Date Filer Relation Shares
GORIS PATRICK PD2022-12-01Chief Financial Officer18.16k
TIMPERMAN JURGEND2022-12-01Officer948
VILLENEUVE NADIAD2022-12-01Officer833
TIMPERMAN JURGENSale at price 43.50 - 43.64 per share.D/I2022-11-29Officer142.03k
TIMPERMAN JURGENConversion of Exercise of derivative security at price 18.53 - 21.43 per share.D2022-11-29Officer192.66k
WHITE TIMOTHY N.D2022-09-01Officer10.45k
NELSON CHRISTOPHER JOHND2022-06-14Officer74.49k
TIMPERMAN JURGEND2022-06-14Officer74.49k
VILLENEUVE NADIAD2022-06-14Officer24.85k
VILLENEUVE NADIAD2022-02-10Officer22
CROCKETT KYLED2022-02-10Officer16
AGRAWAL AJAYD2022-02-10Officer25
GITLIN DAVID LD2022-02-04Chief Executive Officer133.56k
NELSON CHRISTOPHER JOHND2022-02-04Officer50.4k
TIMPERMAN JURGEND2022-02-04Officer34.3k
VILLENEUVE NADIAD2022-02-04Officer19.26k
CROCKETT KYLESale at price 45.73 per share.D2022-02-04Officer3.68k
AGRAWAL AJAYD2022-02-04Officer22.25k
CROCKETT KYLED2022-02-03Officer5.03k
GITLIN DAVID LConversion of Exercise of derivative security at price 16.55 per share.D2021-12-01Chief Executive Officer7.24k
GORIS PATRICK PD2021-12-01Chief Financial Officer17.91k
NELSON CHRISTOPHER JOHND2021-12-01Officer1.4k
AGRAWAL AJAYD2021-12-01Officer522
TIMPERMAN JURGENSale at price 56.05 per share.D2021-11-12Officer33.04k
TIMPERMAN JURGENConversion of Exercise of derivative security at price 18.53 - 21.43 per share.D2021-11-12Officer37.12k
TIMPERMAN JURGEND2021-10-01Officer32.96k
AGRAWAL AJAYSale at price 55.13 per share.D2021-08-19Officer18.97k
AGRAWAL AJAYConversion of Exercise of derivative security at price 14.05 - 19.24 per share.D2021-08-19Officer27.41k
NELSON CHRISTOPHER JOHNSale at price 55.08 per share.D2021-08-17Officer96.58k
APPEL DAVIDSale at price 57.38 per share.D2021-08-04Officer34.26k
APPEL DAVIDConversion of Exercise of derivative security at price 14.05 - 18.81 per share.D2021-08-04Officer49.59k
NELSON CHRISTOPHER JOHND2021-06-15Officer106.63k
FARACI JOHN VD2021-04-30Officer and Director46.62k
AGRAWAL AJAYD2021-04-30Officer39.78k
TIMPERMAN JURGENSale at price 39.23 per share.I2021-03-12Officer27.49k
TIMPERMAN JURGENSale at price 37.10 per share.I2021-02-23Officer11
CROCKETT KYLESale at price 36.87 per share.D2021-02-11Officer3.58k
GITLIN DAVID LD2021-02-10Chief Executive Officer132
APPEL DAVIDD2021-02-10Officer57
NELSON CHRISTOPHER JOHND2021-02-10Officer49
TIMPERMAN JURGEND2021-02-10Officer29
VILLENEUVE NADIAD2021-02-10Officer19
CROCKETT KYLED2021-02-10Officer16
AGRAWAL AJAYD2021-02-10Officer23
CROCKETT KYLED2021-02-03Officer4.98k
GITLIN DAVID LD2021-01-01Chief Executive Officer155.71k
APPEL DAVIDD2021-01-01Officer30.61k
NELSON CHRISTOPHER JOHND2021-01-01Officer58.18k
TIMPERMAN JURGEND2021-01-01Officer33.76k
TIMPERMAN JURGEND2021-01-01Officer33.76k
VILLENEUVE NADIAD2021-01-01Officer16.11k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Carrier Global Corporation. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Carrier Global Corporation

Here is the result of two systematic investment strategies applied to Carrier Global Corporation. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Carrier Global Corporation

The following chart shows the equity curve of the two systematic investment strategies applied to Carrier Global Corporation:

Carrier Global Corporation automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 13.98% on the backtest period.

Performance at glance

Performance

13.98 %

Latent gain

67.4 €

Invested capital

482.2 €

Annualized return

18.89 %
Build your Trading System
Automated Trading using Prorealtime ebook

Momentum strategy results on Carrier Global Corporation

This is the result of two momentum investment strategies applied to Carrier Global Corporation. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Carrier Global Corporation

The following chart shows all the entries opened by the momentum investment system on Carrier Global Corporation:

Carrier Global Corporation momentum entries
  • The first momentum investment strategy would give 23.95% of return on Carrier Global Corporation. That represents 123.9€ of latent gain with 517.3€ of employed capital.
  • The second momentum investment strategy would give -0.55% of return on Carrier Global Corporation. That represents -2.8€ of latent gain with 506.6€ of employed capital.
Performance at glance (1Q Momentum)

Performance

23.95 %

Latent gain

123.9 €

Invested capital

517.3 €

Annualized return

-0.0 %
Performance at glance (2Q Momentum)

Performance

-0.55 %

Latent gain

-2.8 €

Invested capital

506.6 €

Annualized return

-2.12 %

Momentum equity curve on Carrier Global Corporation

The following chart shows the equity curve of the two momentum strategies applied to Carrier Global Corporation:

Carrier Global Corporation momentum equity

Note: the dividends potentially given by Carrier Global Corporation are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Carrier Global Corporation

The following chart shows the employed capital evolution of the two momentum strategies on Carrier Global Corporation since the beginning:

Carrier Global Corporation

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250€, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000€.


Buy the dip strategy result on Carrier Global Corporation

Buy the dip entry openings on Carrier Global Corporation

Carrier Global Corporation

The performance achieved by the robo-advisor on Carrier Global Corporation is 0%. That represents 0.0$ of latent gain with 0.0€ of employed capital. The following chart shows Carrier Global Corporation stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Carrier Global Corporation, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 €

Invested capital

0.0 €

Annualized return

-0.0 %

Equity curve of the strategy applied to Carrier Global Corporation

The following chart shows the result of the investment strategy applied to Carrier Global Corporation:

Carrier Global Corporation

Note: the dividends potentially given by Carrier Global Corporation are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Carrier Global Corporation

The following chart shows the employed capital evolution since the beginning of the investment strategy on Carrier Global Corporation:

Carrier Global Corporation

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Carrier Global Corporation

In this section, I will compare the three previous investment strategies applied to Carrier Global Corporation.

Equity curve comparison on Carrier Global Corporation

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Carrier Global Corporation investment strategy comparison

Employed capital comparison on Carrier Global Corporation

Carrier Global Corporation investment comparison

Performance comparison on Carrier Global Corporation

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 13.98% 67.4€ 482.2€ 18.89%
Momentum 1 quarter 23.95% 123.9€ 517.3€ 47.9%
Momentum 2 quarters -0.55% -2.8€ 506.6€ -2.12%
Non-directional 0% 0.0€ 0.0€ -0.0%
Annualized return comparison

Automatic investment

18.89 %

Momentum 1Q

-2.12 %

Momentum 2Q

-2.12 %

Non-directional

-0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Carrier Global Corporation:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between Carrier Global Corporation and the other stocks. There may be false positives or some missing correlated stocks. If the price of Carrier Global Corporation does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Carrier Global Corporation
Country United States
City Palm Beach Gardens
Address 13995 Pasteur Boulevard
Phone 561 365 2000
Website www.corporate.carrier.com
FullTime employees 58000
Industry Building Products & Equipment
Sector Industrials
Exchange XETRA
Ticker 4PN.XETRA
Market www.xetra.com

Carrier Global Corporation ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown