Carrier Global Corporation

Carrier Global Corporation

CARRยทNYSE

$67.58

+1.7%
IndustrialsIndustrial - Machinery

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.

At a Glance

Live Snapshot
Market Cap$56.13B
EPS1.7400
P/E Ratio38.84
Earnings Date08/04/2026
Carrier Global Corporation

Carrier Global Corporation Fair Value Envelope

CARR ยท NYSE

Our analysis suggests that CARR has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $67.58, this represents a potential HIDDEN relative to our calculated worth for Carrier Global Corporation.

Intrinsic Value
Current Price: $67.58

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$18,280.8B
+ Cash & Equivalents$1.6B
Firm Value$18,282.3B
- Debt$12.7B
Equity Value$18,269.7B
/ Shares Outstanding842,209,781B
DCF Value$21.7K
UNDERVALUED BY 31999%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$4.2B
$8.4B
$16.7B
$33.4B
$66.8B
$133.7B
$267.4B
$534.8B
$1,069.6B
$2,139.1B
Maintenance CapEx
-$156.8M
-$313.6M
-$627.2M
-$1.3B
-$2.5B
-$5.0B
-$10.0B
-$20.1B
-$40.1B
-$80.3B
Owner Earnings
$4.0B
$8.0B
$16.1B
$32.2B
$64.3B
$128.7B
$257.4B
$514.7B
$1,029.4B
$2,058.9B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$3.7B
$6.9B
$12.8B
$23.6B
$43.8B
$81.1B
$150.2B
$278.1B
$515.0B
$953.6B
Terminal Value represents 88.7% of Enterprise Value