Otis Worldwide Corp


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SKU: OTIS-1 Category:


Despite continuing macro challenges, Otis Corp ended the year with a decent performance. Its strong order momentum throughout the year resulted in a 115 basis point increase in new equipment share, up from 60 basis points the previous year. This year, Otis deployed approximately 100,000 Otis ONE units, bringing its total portfolio connectivity to roughly one-third of the 2.1 million units it serves. It is worth mentioning that the management is encouraged by the strong recovery seen in 2021, and they believe this trend will continue in many regions into 2022 which is expected to be a strong year. The company also announced its tender offer for the remaining interest in Zardoya Otis, which is an accretive transaction for Otis, based on its balance sheet strength. We maintain our ‘Hold’ rating on Otis with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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