Otis Worldwide Corp Ordinary Shares
OTIS: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $16.00 | Pdqd | Ghjtgbmn |
Otis' Elevator Maintenance and Modernization Business to Drive Solid Medium-Term Earnings Growth
Business Strategy and Outlook
Otis Worldwide is the largest elevator and escalator original equipment manufacturer globally with integrated operations that span manufacturing and installation activities, as well as elevator and escalator servicing for existing installations. Additionally, Otis performs elevator modernization services for elevator systems at the end of a typical 15- to 20-year useful life. Otis estimates the global E&E market was worth about $80 billion in 2021 with Otis commanding an approximate 18% global market share, based on revenue.