# Otis Worldwide Corporation (OTIS) — Stock CV

Otis Worldwide Corporation is a $25.1B technology company. Revenue grew 5.2% over the last year, it keeps 10¢ of every dollar of sales as profit, and its net debt equals ~4.0 years of free cash flow. It trades at 16.6× earnings — near the lowest of its own history.

> Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed.

## Identity

- **Ticker**: OTIS
- **Sector**: Technology
- **Industry**: Electronic & Other Electrical Equipment (No Computer Equip)
- **Headquarters**: FARMINGTON, CT
- **Employees**: 72 000
- **Website**: https://www.otis.com
- **Market cap**: $25.1B
- **Last price**: $65.95
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $14.9B
- **Net income**: $1.52B
- **Free cash flow**: $1.71B
- **Net debt**: $6.86B
- **P/E**: 16.6
- **Revenue growth (YoY)**: 5.2%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 90 |
| Growth | 44 |
| Profitability | 77 |
| Health | 31 |
| Quality | 97 |
| Moat | 74 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +5.2% YoY
- [x] Profitable — $1.52B TTM
- [x] Profit growing — +5.8% YoY
- [x] Generates cash — $1.71B TTM
- [x] Debt under control — ~4.0y of cash flow to repay
- [x] Established company — $25.1B market cap
- [x] Not printing shares — -9.1% shares over ~5y
- [x] Proven track record — 6/6 profitable years
- [ ] Financially stable — health score 31/100
- [x] Pays a dividend — yield 2.62%
- [x] Valuation not extreme — P/E 16.6

## Experience (career milestones)

- **FY2024** — Best year on record: $1.65B net income
- **FY2020** — Profitable every year on record: 6 consecutive profitable years in our data
- **FY2020** — Revenue already above $10B: $12.8B in first reported year
- **FY2020** — Positive free cash flow every year since: 6-year streak
- **2013** — Otis won its biggest ever contract to date, to supply 670 elevators and escalators to the Hyderabad…
- **2011** — Otis acquired its competitor Marshall Elevator for an undisclosed amount
- **2005** — LG Industrial Systems was separated into LS Industrial…
- **1999** — Otis acquired CemcoLift, Inc, located in Hatfield, Pennsylvania
- **1997** — Otis Elevator Company purchased Evans Lifts in the UK when Evans Lifts Ltd went bankrupt in 1997 during its merger…
- **1982** — It re-entered the Korean market through a technological alliance with Dongyang Elevator
- **1976** — The Otis Elevator Company was acquired by United Technologies in 1976
- **1925** — The world's first fully automatic elevator, Collective Control, was introduced
- **1910** — Otis installed the first hydraulic elevator for transporting money at the Bank of Chosun
- **1852** — The company pioneered the development of the "safety elevator", invented by Elisha Otis in 1852

## Strengths

- Interest covered 10.9× by operating earnings
- High returns on invested capital (ROIC 94.3%)
- Piotroski F-Score 7/9 — fundamentally strong checklist

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $14.3B | $1.25B | $1.59B |
| FY2022 | $13.7B | $1.25B | $1.45B |
| FY2023 | $14.2B | $1.41B | $1.49B |
| FY2024 | $14.3B | $1.65B | $1.44B |
| FY2025 | $14.4B | $1.38B | $1.44B |

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Source: https://stockcv.com/OTIS — derived from company filings; may be delayed or incomplete. Information, not investment advice.