$OTIS (-0,97%)

These are the success factors

These factors are leading to steady growth, which is likely to continue in the future.

Since its IPO in 2020, Otis has increased its turnover from USD 12.76 billion to USD 14.17 billion.

However, what initially appears to be restrained growth momentum has been achieved without a noticeable increase in staffing levels, which has improved the operating margin from just under 13% to over 14%.

At the same time, the number of outstanding Aktien was reduced from 433 million to 402 million.

Boosted by this, earnings have since increased from USD 2.52 to USD 3.83 per share.

Otis is therefore one of the few cases in which "the bride" was not prettied up for the IPO and in which the IPO did not serve to collect vast sums of capital in order to then squander it - quite the opposite.

Immediately after the IPO the IPO, Otis switched to distributing Dividendendistributing capital to shareholders.

Current challenges

The last Quartalszahlen - or rather the outlook - have nevertheless caused the share price to plummet.

At USD 1.05 per share, Q2 earnings were well above analysts' estimates of USD 1.02. With sales of USD 3.60 billion, expectations were met.

For the year as a whole, this corresponds to virtually unchanged sales and earnings.

It is clear to see that the current conditions for new orders are challenging. The economic and geopolitical upheavals of recent months have led to a reluctance to invest in construction projects.

Incoming orders for new elevators and escalators fell by 1% over the year as a whole, mainly due to an 11% slump in China. In the media, the real estate crisis in China has long since ceased to be an issue - in reality, however, the building seems to be on fire.

However, this is where the advantages of the service business become apparent again. In the second quarter, the segment recorded a 6% increase in sales and a 20 basis point rise in the operating margin.

Outlook and valuation

There is also an enormous need for modernization. Orders in this area have risen by 22 % and the order backlog by 19 %.

These modernizations will in turn lead to new service orders.

My concerns are therefore limited when I look at the lowered forecast. The current financial year is just a snapshot and nothing more.

Otis has lowered its sales forecast for the current financial year from USD 14.6-14.8 billion to USD 14.5-14.6 billion and its free cash flow forecast from USD 1.6 billion to USD 1.4-1.5 billion.

However, the earnings forecast was confirmed at USD 4.00-4.10 per share.

Free cash flow should therefore increase slightly and earnings should rise by around 6%. This would be the second weakest financial year since the IPO.

On the other hand, Otis currently has a comparatively low valuation. The forward P/E is 22, which is reasonable in view of all the information available.

Since the IPO, the P/E has averaged 25.6

Otis share: Chart from 22.09.2025, price: USD 89.16 - ticker symbol: OTIS | Source: TWS

If Otis now manages to break out above USD 90, a procyclical uptrend will ensue Kaufsignal with possible price targets at USD 95 and USD 100.

If, on the other hand, the share falls below USD 85, the bulls will have lost their chance for the time being.

Source:

https://www.lynxbroker.de/boerse/boerse-kurse/aktien/otis-worldwide-aktie/otis-worldwide-analyse/?a=3355991664&utm_medium=email&utm_source=newsletter&utm_campaign=newsletter-boersenblick&newsletter=true&mc-rss-cache-bypass=2025092306&goal=0_d93daae099-64aeebfdb0-410756260#otis-die-perfekte-kombination-aus-sicherheit-und-wachstum

I will dissolve my $VICI (-0,47%) position and reinvest in $OTIS (-0,97%) reinvest.

The primary reason for this is that I do not want to be so strongly influenced by the development of interest rates in the future. In other words, I no longer believe that REIts will yield a premium that would justify exposure to these risks.

The second reason is that I want to weed out companies that I bought primarily as "safe" dividend payers. Especially the companies that can offer less shareholder value. I now have a separate portfolio for my high yield stocks.

The last reason is that mMn. OTIS has one of the strongest MOATs of all. In the long term, more and more has to be built and before I replace the elevator or escalator, I have them repaired. They also have to be repaired to maintain safety standards.

How do you see REITs?

When it comes to elevators, you either know Schindler $SCHN (-0,08%) from der🇨🇭, Kone $KNEBV (+0,54%) from 🇫🇮 or Thyssen Krupp $TKA (+3,65%) from 🇩🇪.

But the market leader is Otis from 🇺🇸 and in fact most of the apartment buildings that have been built recently in my city have an Otis elevator. The difference to the others, the Otis elevators have a fancy display with weather forecast and news ticker. If I hadn't invested here, I probably would never have noticed which manufacturer the elevator is from.

Otis Earnings July 2024

• Earnings per share increased by 15.2 % to $1.06 compared to the previous year
• Treasury shares bought back for $300 million
• Dividend at 1.56% ($0.39 per quarter)

https://www.otisinvestors.com/news/news-details/2024/OTIS-REPORTS-SECOND-QUARTER-2024-RESULTS/default.aspx

My personal year-end closing 2023

Reading time: approx. 5min

The end of the year is approaching and it's time to review the past year. That's why I'd like to share my personal portfolio review for 2023 with you today. I tracked and calculated all the figures with the help of Getquin. Most of the figures have already been provided to me by Getquin (Dashboard --> Performance), some are based on my own calculations. The figures can of course still change by the end of the year and are as of 11.12.2023.

Performance

First of all, of course, what is probably of greatest interest to many: the performance of my portfolio. For those who are not yet familiar with my investment strategy, I focus primarily on dividend stocks that offer high future dividend growth. dividend growth growth in the future. I also include stocks that do not currently pay dividends, but where it seems likely that they will pay dividends in the future.

TTWROR*: +27.7%

Price gains: +16.3%

Dividends: +2.0%

Interest rates: +0.1%

Realized gains: +4.1%

Trading costs: -0.01%

*: TTWOR = True Time-Weighted Rate Of Return

My strongest month was November with +6.9% followed by January with +5.8%. My only two months with a loss were August with just under -2% and September with -0.3%.

Portfolio movements

New purchases:

My focus this year was clearly on improving the quality in the portfolio. The biggest new addition to my portfolio this year was Chipotle $CMG (+3,58%) which at the same time meant the sale of my positions in Starbucks $SBUX (-0,84%) and McDonalds $MCD (-0,16%) at the same time. At the same time, I took larger positions in DEFAMA $DEF (+0%) and Philipp Morris $PM (-3,14%) at the same time. Another new addition worth mentioning is Adyen $ADYEN (-0,73%)which I was able to buy at a low of around €700 per share in October and is currently trading at around €1200 per share again. I am also currently building up a FTSE India ETF position via a savings plan. $FLXI (-0,09%) via a savings plan. This explains the current small share in the portfolio.

(Security | Ticker | Amount invested relative to the portfolio)

Chipotle $CMG (+3,58%) 11.6%

Philipp Morris $PM (-3,14%) 7.7%

DEFAMA $DEF (+0%) 5.8%

Visa $V (+0,99%) 4%

Adyen $ADYEN (-0,73%) 3.2%

KLA Tencor Corp $KLAC (-2,65%) 2.9%

Rio Tinto $RIO (-0,4%) 2.2%

FTSE India ETF $FLXI (-0,09%) 0.2%

Complete sales:

As mentioned under new purchases, my aim was to further increase the quality of my portfolio. In addition, I bundled my "quick service restaurant" investment in Chipotle, which resulted in the sale of Starbucks and McDonalds. I also divested from the REITs Realty Income $O (+0,25%) and American Tower $AMT (-0,7%) and reduced my real estate investments to VICI $VICI (-0,47%) and DEFAMA $DEF (+0%) and DEFAMA.

(security | ticker | profit/loss incl. dividends)

Otis $OTIS (-0,97%) -4.2%

Greencoat UKW 💔 $UKW (+0%) -1.4%

Alliance $ALV (-0,22%) +1.1%

Air Products $APD (-0,88%) +20.9%

Realty Income $O (+0,25%) -8.4%

American Tower $AMT (-0,7%) -12.7%

Starbucks $SBUX (-0,84%) +34.3%

McDonalds $MCD (-0,16%) +14.1%

Altira $MO (-0,37%) -7.5%

Partial sales:

I decided to reduce my Apple position here a few days ago. At a price of around €180, I already see a lot priced in for the future. Apple is still my third-largest position and I could also imagine buying more if the share price falls. In the meantime, I am pleased with the realized gains of around 370%.

(security | ticker | % sold | profit/loss)

Apple $AAPL (-0,07%) 35.7% +372.3%

United Health $UNH (+1,57%) 13.4% +12.2%

Coca Cola $KO (+0,55%) 88.1% -0.8%

Portfolio composition

The largest 5 positions in my portfolio make up 54.3% of my portfolio. If I add my cash position and the next 2 companies, I already have over 75% of my portfolio are already covered. My portfolio can therefore be described as a high-conviction portfolio portfolio. I deliberately focus on stocks in which I personally have come to the conclusion that they will outperform the broad equity market in the long term. Of course, this is at the expense of diversification. This can work out well, but of course it doesn't have to.

(Portfolio share | security | ticker | YTD performance incl. dividends in the portfolio*)

13.6% Chiptole $CMG (+3,58%) +17.1%

10.5% Costco $COST (-0,53%) +23.3%

10.5% Apple $AAPL (-0,07%) +52.9%

9.9% VICI $VICI (-0,47%) -3.1%

9.8% UnitedHealth Group $UNH (+1,57%) +20.2%

9.6% Cash

7.6% Philipp Morris $PM (-3,14%) -0.2%

6.4% DEFAMA $DEF (+0%) +13.2%

5.4% Adyen $ADYEN (-0,73%) +67%

4.9% Microsoft $MSFT (-0,15%) +46.1%

4.6% Visa $V (+0,99%) +13.9%

4.3% KLA $KLAC (-2,65%) +50.3%

2.5% Rio Tinto $RIO (-0,4%) +13.8%

0.4% Coca Cola $KO (+0,55%) -5.4%

0.2% FTSE India ETF $FLXI (-0,09%) +0.2%

*: Performance since purchase, may differ from YTD performance of the share.

Conclusion

Personally, I currently feel very comfortable with my portfolio. I currently see no reason to make any major changes and am leaving everything as it is. I am very satisfied with the performance and am already looking forward to the dividend increases in 2024.

#jahresrückblick
#performance
#portfoliofeedback

hui, big news from $CARR (+0,74%) today. Since the split of United Technologies into $RTX (-0,58%)
$OTIS (-0,97%) and Carrier, I have all three in my portfolio.

Time for a re-buy at$CARR (+0,74%) ? Does anyone still have them in their portfolio ? Opinion on the possible upcoming deal ?

https://www.reuters.com/markets/deals/carrier-nears-more-than-10-bln-deal-viessmann-wsj-2023-04-24/

Otis raises dividend 21%, paying $0.29 per share in next distribution

Keep pulling money out of stocks for now ...

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗖𝗵𝗶𝗽-𝗔𝘂𝗳𝘀𝗰𝗵𝘄𝘂𝗻𝗴 / 𝗦𝘁𝗮𝗵𝗹𝗵𝗮𝗿𝘁𝗲𝘀 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 / 𝗛𝗼𝗱𝗹 / 𝗣𝗲𝗿𝘂'𝘀 𝗖𝗕𝗗𝗖

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, 3M ($MMM (+0,44%)), Cognizant ($COZ (+0,39%)), Cummins ($CUM (-0,56%)), Ford ($FMC1 (+2,98%)), GlaxoSmithKline ($GS7 (-1,92%)), Hershey Company ($HSY (+3,02%)), L3Harris Technologies ($HRS (+0,2%)), Microchip Technology ($MCP (+0,9%)), Otis Elevator Company ($4PG (-0,97%)), Raytheon Technologies ($5UR (-0,58%)), Sherwin-Williams ($SJ3 (+1,19%)) and Tyco Electronics ($TY1C) traded ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, Alibaba Group ($2RR (-0,91%)), Applied Materials ($AP2 (+0,91%)), Farfetch ($F1F), Full Truck Alliance Co ($YMM (+0%)), Globant ($GLOB (+1,8%)), Intuit ($ITU (-0,08%)), JD.com ($013A (-1,63%)), National Grid ($NNGF (+0%)), Nuance Communications ($SC2), Palo Alto Networks ($5AP (-1,27%)), Ross Stores ($RSO (-2,42%)), Williams-Sonoma ($WM1 (+1,82%)) and Workday ($W7D (+1,83%)) presented their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Nvidia ($NVD (-0,8%)) - NVIDIA shares rose sharply in the after-hours trading yesterday, driven by high demand for chips for data centers and computer games. In the past quarter, NVIDIA recorded a profit increase of 84 percent to 2.46 billion dollars. Among other things, NVIDIA's technology is used for artificial intelligence applications, graphics cards and chips for data centers. Despite concerns from competition authorities, NVIDIA is examining plans to purchase the British chip designer "Arm", whose technology is used in almost all smartphones. Based on Arm's chip architecture, Apple ($APC (-0,07%)), Samsung ($SSUN (+1,33%)) and Qualcomm ($QCI (-0,19%)) design their own processors for mobile devices.

thyssenkrupp ($TKA (+3,65%)) - The steel group thyssenkrupp beat expectations for the past 2020/21 financial year (ending September) with significant growth and benefited from the economic recovery. Adjusted earnings before interest and taxes amounted to 769 million euros. However, shareholders will have to do without a dividend again this year. The Group expects mid-single-digit percentage growth and an approximate doubling of adjusted EBIT to between 1.5 and 1.8 billion euros and a net profit of at least 1 billion euros for the recently launched new financial year.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

Bitcoin ($BTC-EUR (-0,01%)) - Latest data shows that Bitcoin holders who bought for $20,000 are refusing to sell BTC at all-time highs. Despite tempting triple gains, last November's buyers are determined to continue with the "hodl" strategy. BTC buyers hold their nerve and hold on to their coins despite various all-time highs.

Peru - The president of Peru's central bank (Julio Velarde) has announced that the country is working with India, Singapore and Hong Kong to develop a central bank digital currency (CBDC). According to the Atlantic Council, 87 countries (accounting for more than 90% of global GDP) are currently researching a CBDC, and seven have already launched their own. In comparison, only 35 countries have considered developing a CBDC in the 2020 mail.

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I was a bit skeptical because of Evergrande and the real estate bubble... No skyscrapers, no elevators...

But since I've had my eye on the stock for a while 🤷🏼‍♂️

https://www.lynxbroker.de/boerse/boerse-kurse/aktien/otis-worldwide-aktie/otis-worldwide-analyse/#otis-bei-diesem-weltmarktfuhrer-lauft-es-blendend