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
- Alexander MacDonald's Top Picks for November 14, 2024 [BNN Bloomberg (Canada)]BNN Bloomberg
- Otis Worldwide Co. (NYSE: OTIS) is now covered by analysts at UBS Group AG. They set a "neutral" rating and a $113.00 price target on the stock.MarketBeat
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OTIS
Earnings
- 10/30/24 - Miss
OTIS
Sec Filings
- 11/20/24 - Form CERT
- 11/19/24 - Form 8-A12B
- 11/19/24 - Form 8-K
- OTIS's page on the SEC website