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Johnson Controls International PLC JCI

Morningstar Rating
$65.17 −0.24 (0.37%)
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Company Report

Johnson Controls' Growing Service Business Is a Margin Expansion Opportunity

Before 2016, the market had mostly viewed Johnson Controls as an automotive-parts company because about two thirds of its sales came from automakers. However, after merging with Tyco and spinning off its automotive seating business, now known as Adient, in late 2016, Johnson Controls has become a more profitable and less cyclical pure-play building technology firm that manufactures HVAC systems and controls, fire and security products, and building automation solutions.

Price vs Fair Value

JCI is trading at a 9% discount.
Price
$65.17
Fair Value
$88.00
Uncertainty
Medium
1-Star Price
$85.60
5-Star Price
$38.70
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Johnson Controls should benefit from secular trends in global urbanization and increased demand for energy-efficient and smart building solutions.

Bears

Economic uncertainty could slow commercial construction and retrofit spending, negatively affecting HVAC, building automation, and fire and security product and installation sales. Buildings is traditionally a late-cycle business.

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News

Trading Information

Previous Close Price
$65.41
Day Range
$64.3565.86
52-Week Range
$47.9070.43
Bid/Ask
$63.61 / $65.48
Market Cap
$44.41 Bil
Volume/Avg
3.4 Mil / 5.4 Mil

Key Statistics

Price/Earnings (Normalized)
19.01
Price/Sales
1.68
Dividend Yield (Trailing)
2.26%
Dividend Yield (Forward)
2.26%
Total Yield
3.66%

Company Profile

Johnson Controls manufactures, installs, and services HVAC systems, building management systems and controls, industrial refrigeration units, and fire and security solutions. Commercial HVAC accounts for over 45% of sales, fire and security represents roughly 40% of sales, and residential HVAC, industrial refrigeration, and other solutions account for the remaining 15% of revenue. In fiscal 2023, Johnson Controls generated nearly $27 billion in revenue.
Sector
Industrials
Industry
Building Products & Equipment
Stock Style Box
Mid Core
Total Number of Employees
102,000

Competitors

Valuation

Metric
JCI
SIE
CARR
Price/Earnings (Normalized)
19.0114.3121.28
Price/Book Value
2.672.975.62
Price/Sales
1.681.782.24
Price/Cash Flow
15.3712.1524.90
Price/Earnings
JCI
SIE
CARR

Financial Strength

Metric
JCI
SIE
CARR
Quick Ratio
0.631.021.86
Current Ratio
0.971.322.73
Interest Coverage
7.367.366.34
Quick Ratio
JCI
SIE
CARR

Profitability

Metric
JCI
SIE
CARR
Return on Assets (Normalized)
5.55%5.14%8.43%
Return on Equity (Normalized)
14.71%16.08%28.60%
Return on Invested Capital (Normalized)
9.63%6.58%13.13%
Return on Assets
JCI
SIE
CARR
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