CARR Carrier Global
too hard · 49
Owner-earnings value$36.97
Price$54.96
Margin of safety
-32.7%
Quality gate · 49/100
Median ROIC9.0%
Gross margin24.3%
Net debt / EBITDA3.5x
FCF conversion48%
Share count / yr+0.1%
Profitable years4/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 1.93B |
| Owner-earnings yield | 4.2% |
| Free-cash-flow yield | 4.2% |
| Growth used (normalized) | 7.9% |
| Market-implied growth (reverse DCF) | 18.1% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 10.9% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 2.08B | 7.9% | 1.88B |
| 2 | 2.24B | 7.4% | 1.82B |
| 3 | 2.39B | 6.8% | 1.75B |
| 4 | 2.54B | 6.3% | 1.68B |
| 5 | 2.68B | 5.7% | 1.60B |
| 6 | 2.82B | 5.2% | 1.52B |
| 7 | 2.96B | 4.6% | 1.43B |
| 8 | 3.08B | 4.1% | 1.35B |
| 9 | 3.19B | 3.5% | 1.26B |
| 10 | 3.28B | 3.0% | 1.17B |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~18%/yr owner-earnings growth over 10y (reverse DCF); model credits 8%.