CARRIER GLOBAL CORP (4PN.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:4PN • US14448C1045

54.14 EUR
-0.36 (-0.66%)
Last: Feb 9, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Taking everything into account, 4PN scores 4 out of 10 in our fundamental rating. 4PN was compared to 22 industry peers in the Building Products industry. While 4PN is still in line with the averages on profitability rating, there are concerns on its financial health. 4PN does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year 4PN was profitable.
  • In the past year 4PN had a positive cash flow from operations.
  • Of the past 5 years 4PN 4 years were profitable.
  • 4PN had a positive operating cash flow in 4 of the past 5 years.
4PN.DE Yearly Net Income VS EBIT VS OCF VS FCF4PN.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 10.46%, 4PN belongs to the top of the industry, outperforming 86.36% of the companies in the same industry.
  • 4PN's Return On Equity of 27.45% is amongst the best of the industry. 4PN outperforms 90.91% of its industry peers.
  • 4PN has a Return On Invested Capital of 5.09%. This is comparable to the rest of the industry: 4PN outperforms 40.91% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for 4PN is in line with the industry average of 8.96%.
Industry RankSector Rank
ROA 10.46%
ROE 27.45%
ROIC 5.09%
ROA(3y)10.88%
ROA(5y)9.38%
ROE(3y)33.63%
ROE(5y)31.44%
ROIC(3y)8.06%
ROIC(5y)7.66%
4PN.DE Yearly ROA, ROE, ROIC4PN.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

1.3 Margins

  • With an excellent Profit Margin value of 18.05%, 4PN belongs to the best of the industry, outperforming 95.45% of the companies in the same industry.
  • 4PN's Profit Margin has improved in the last couple of years.
  • 4PN's Operating Margin of 11.00% is fine compared to the rest of the industry. 4PN outperforms 77.27% of its industry peers.
  • In the last couple of years the Operating Margin of 4PN has declined.
  • 4PN has a Gross Margin of 27.36%. This is amonst the worse of the industry: 4PN underperforms 86.36% of its industry peers.
  • In the last couple of years the Gross Margin of 4PN has declined.
Industry RankSector Rank
OM 11%
PM (TTM) 18.05%
GM 27.36%
OM growth 3Y-5.06%
OM growth 5Y-4.9%
PM growth 3Y45.61%
PM growth 5Y16.99%
GM growth 3Y-2.78%
GM growth 5Y-1.79%
4PN.DE Yearly Profit, Operating, Gross Margins4PN.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 4PN is destroying value.
  • 4PN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
4PN.DE Yearly Shares Outstanding4PN.DE Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
4PN.DE Yearly Total Debt VS Total Assets4PN.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.2 Solvency

  • 4PN has an Altman-Z score of 2.66. This is not the best score and indicates that 4PN is in the grey zone with still only limited risk for bankruptcy at the moment.
  • 4PN's Altman-Z score of 2.66 is in line compared to the rest of the industry. 4PN outperforms 54.55% of its industry peers.
  • 4PN has a debt to FCF ratio of 8.45. This is a slightly negative value and a sign of low solvency as 4PN would need 8.45 years to pay back of all of its debts.
  • 4PN has a Debt to FCF ratio (8.45) which is in line with its industry peers.
  • 4PN has a Debt/Equity ratio of 0.78. This is a neutral value indicating 4PN is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.78, 4PN is in line with its industry, outperforming 40.91% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.78
Debt/FCF 8.45
Altman-Z 2.66
ROIC/WACC0.61
WACC8.38%
4PN.DE Yearly LT Debt VS Equity VS FCF4PN.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B

2.3 Liquidity

  • 4PN has a Current Ratio of 1.14. This is a normal value and indicates that 4PN is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.14, 4PN is doing worse than 77.27% of the companies in the same industry.
  • A Quick Ratio of 0.75 indicates that 4PN may have some problems paying its short term obligations.
  • 4PN has a worse Quick ratio (0.75) than 68.18% of its industry peers.
Industry RankSector Rank
Current Ratio 1.14
Quick Ratio 0.75
4PN.DE Yearly Current Assets VS Current Liabilites4PN.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • 4PN shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -7.86%.
  • Measured over the past years, 4PN shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.22% on average per year.
EPS 1Y (TTM)-7.86%
EPS 3Y3.46%
EPS 5Y9.22%
EPS Q2Q%-37.04%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-6.04%

3.2 Future

  • 4PN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.03% yearly.
  • 4PN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.89% yearly.
EPS Next Y15.25%
EPS Next 2Y13.7%
EPS Next 3Y14.03%
EPS Next 5YN/A
Revenue Next Year2.9%
Revenue Next 2Y3.98%
Revenue Next 3Y4.89%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
4PN.DE Yearly Revenue VS Estimates4PN.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5B 10B 15B 20B 25B
4PN.DE Yearly EPS VS Estimates4PN.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 24.95 indicates a rather expensive valuation of 4PN.
  • Compared to the rest of the industry, the Price/Earnings ratio of 4PN is on the same level as its industry peers.
  • 4PN is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.06, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 21.64 indicates a rather expensive valuation of 4PN.
  • Based on the Price/Forward Earnings ratio, 4PN is valued a bit more expensive than the industry average as 63.64% of the companies are valued more cheaply.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.86, 4PN is valued a bit cheaper.
Industry RankSector Rank
PE 24.95
Fwd PE 21.64
4PN.DE Price Earnings VS Forward Price Earnings4PN.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 4PN indicates a rather expensive valuation: 4PN more expensive than 81.82% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of 4PN indicates a slightly more expensive valuation: 4PN is more expensive than 68.18% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 38.41
EV/EBITDA 17.54
4PN.DE Per share data4PN.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10 15 20

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • 4PN has a very decent profitability rating, which may justify a higher PE ratio.
  • 4PN's earnings are expected to grow with 14.03% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.64
PEG (5Y)2.71
EPS Next 2Y13.7%
EPS Next 3Y14.03%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. Dividend

5.1 Amount

  • 4PN has a Yearly Dividend Yield of 1.52%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 1.81, 4PN has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.80, 4PN has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.52%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
4PN.DE Yearly Dividends per share4PN.DE Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • 4PN pays out 18.56% of its income as dividend. This is a sustainable payout ratio.
DP18.56%
EPS Next 2Y13.7%
EPS Next 3Y14.03%
4PN.DE Yearly Income VS Free CF VS Dividend4PN.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B
4PN.DE Dividend Payout.4PN.DE Dividend Payout, showing the Payout Ratio.4PN.DE Dividend Payout.PayoutRetained Earnings

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CARRIER GLOBAL CORP

FRA:4PN (2/9/2026, 7:00:00 PM)

54.14

-0.36 (-0.66%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)02-05
Earnings (Next)04-29
Inst Owners87.14%
Inst Owner ChangeN/A
Ins Owners6.1%
Ins Owner ChangeN/A
Market Cap45.60B
Revenue(TTM)N/A
Net Income(TTM)3.98B
Analysts78.06
Price Target62.32 (15.11%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.52%
Yearly Dividend0.66
Dividend Growth(5Y)N/A
DP18.56%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7.53%
Min EPS beat(2)-0.24%
Max EPS beat(2)15.31%
EPS beat(4)3
Avg EPS beat(4)7.55%
Min EPS beat(4)-0.24%
Max EPS beat(4)15.31%
EPS beat(8)6
Avg EPS beat(8)5.54%
EPS beat(12)9
Avg EPS beat(12)4.93%
EPS beat(16)13
Avg EPS beat(16)6.21%
Revenue beat(2)0
Avg Revenue beat(2)-1.75%
Min Revenue beat(2)-1.83%
Max Revenue beat(2)-1.67%
Revenue beat(4)0
Avg Revenue beat(4)-2.28%
Min Revenue beat(4)-4.33%
Max Revenue beat(4)-1.31%
Revenue beat(8)0
Avg Revenue beat(8)-4%
Revenue beat(12)2
Avg Revenue beat(12)-2.9%
Revenue beat(16)4
Avg Revenue beat(16)-2.03%
PT rev (1m)-1.68%
PT rev (3m)-24.43%
EPS NQ rev (1m)-6.85%
EPS NQ rev (3m)-39.98%
EPS NY rev (1m)-1.06%
EPS NY rev (3m)-12.16%
Revenue NQ rev (1m)-1.64%
Revenue NQ rev (3m)-11.18%
Revenue NY rev (1m)-0.4%
Revenue NY rev (3m)-5.3%
Valuation
Industry RankSector Rank
PE 24.95
Fwd PE 21.64
P/S 2.46
P/FCF 38.41
P/OCF 28.69
P/B 3.74
P/tB N/A
EV/EBITDA 17.54
EPS(TTM)2.17
EY4.01%
EPS(NY)2.5
Fwd EY4.62%
FCF(TTM)1.41
FCFY2.6%
OCF(TTM)1.89
OCFY3.49%
SpS22.03
BVpS14.49
TBVpS-7.72
PEG (NY)1.64
PEG (5Y)2.71
Graham Number26.6
Profitability
Industry RankSector Rank
ROA 10.46%
ROE 27.45%
ROCE 8%
ROIC 5.09%
ROICexc 5.34%
ROICexgc 23.15%
OM 11%
PM (TTM) 18.05%
GM 27.36%
FCFM 6.4%
ROA(3y)10.88%
ROA(5y)9.38%
ROE(3y)33.63%
ROE(5y)31.44%
ROIC(3y)8.06%
ROIC(5y)7.66%
ROICexc(3y)10.45%
ROICexc(5y)9.61%
ROICexgc(3y)34.91%
ROICexgc(5y)29.9%
ROCE(3y)12.67%
ROCE(5y)12.04%
ROICexgc growth 3Y11.52%
ROICexgc growth 5Y4.64%
ROICexc growth 3Y-15.42%
ROICexc growth 5Y-8.97%
OM growth 3Y-5.06%
OM growth 5Y-4.9%
PM growth 3Y45.61%
PM growth 5Y16.99%
GM growth 3Y-2.78%
GM growth 5Y-1.79%
F-Score5
Asset Turnover0.58
Health
Industry RankSector Rank
Debt/Equity 0.78
Debt/FCF 8.45
Debt/EBITDA 3.07
Cap/Depr 37.85%
Cap/Sales 2.17%
Interest Coverage 250
Cash Conversion 51.21%
Profit Quality 35.43%
Current Ratio 1.14
Quick Ratio 0.75
Altman-Z 2.66
F-Score5
WACC8.38%
ROIC/WACC0.61
Cap/Depr(3y)74.81%
Cap/Depr(5y)83.81%
Cap/Sales(3y)2.12%
Cap/Sales(5y)1.96%
Profit Quality(3y)66.45%
Profit Quality(5y)76.55%
High Growth Momentum
Growth
EPS 1Y (TTM)-7.86%
EPS 3Y3.46%
EPS 5Y9.22%
EPS Q2Q%-37.04%
EPS Next Y15.25%
EPS Next 2Y13.7%
EPS Next 3Y14.03%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-6.04%
Revenue Next Year2.9%
Revenue Next 2Y3.98%
Revenue Next 3Y4.89%
Revenue Next 5YN/A
EBIT growth 1Y-5.35%
EBIT growth 3Y-2.27%
EBIT growth 5Y-1.23%
EBIT Next Year21.46%
EBIT Next 3Y10.45%
EBIT Next 5Y8.53%
FCF growth 1Y-38.44%
FCF growth 3Y-42.28%
FCF growth 5Y-27.03%
OCF growth 1Y-29.2%
OCF growth 3Y-26.64%
OCF growth 5Y-15.1%

CARRIER GLOBAL CORP / 4PN.DE FAQ

Can you provide the ChartMill fundamental rating for CARRIER GLOBAL CORP?

ChartMill assigns a fundamental rating of 4 / 10 to 4PN.DE.


What is the valuation status of CARRIER GLOBAL CORP (4PN.DE) stock?

ChartMill assigns a valuation rating of 2 / 10 to CARRIER GLOBAL CORP (4PN.DE). This can be considered as Overvalued.


Can you provide the profitability details for CARRIER GLOBAL CORP?

CARRIER GLOBAL CORP (4PN.DE) has a profitability rating of 6 / 10.


What is the financial health of CARRIER GLOBAL CORP (4PN.DE) stock?

The financial health rating of CARRIER GLOBAL CORP (4PN.DE) is 3 / 10.


Is the dividend of CARRIER GLOBAL CORP sustainable?

The dividend rating of CARRIER GLOBAL CORP (4PN.DE) is 3 / 10 and the dividend payout ratio is 18.56%.