Johnson Controls International logged a -1.3% change during today's morning session, and is now trading at a price of $79.82 per share.
Johnson Controls International returned gains of 39.8% last year, with its stock price reaching a high of $87.16 and a low of $51.71. Over the same period, the stock outperformed the S&P 500 index by 13.9%. More recently, the company's 50-day average price was $81.14. Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. Based in Cork, Ireland, the Large-Cap Industrials company has 100,000 full time employees. Johnson Controls International has offered a 1.8% dividend yield over the last 12 months.
EPS Trend Sustained Primarily by Reducing the Number of Shares Outstanding:
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $6,068 | $23,968 | $22,317 | $23,668 | $25,299 | $26,793 |
| Gross Margins | n/a | 32.0% | 33.0% | 34.0% | 33.0% | 33.0% |
| Net Margins | 36% | 24% | 3% | 7% | 6% | 7% |
| Net Income (M) | $2,162 | $5,674 | $631 | $1,637 | $1,532 | $1,849 |
| Net Interest Expense (M) | $409 | $335 | $240 | $219 | $225 | $298 |
| Depreciation & Amort. (M) | $824 | $825 | $822 | $845 | $830 | $848 |
| Diluted Shares (M) | 925 | 774 | 726 | 710 | 690 | 682 |
| Earnings Per Share | $2.32 | $6.49 | $0.84 | $2.27 | $2.19 | $2.69 |
| EPS Growth | n/a | 179.74% | -87.06% | 170.24% | -3.52% | 22.83% |
| Avg. Price | $31.42 | $35.81 | $35.43 | $63.97 | $59.67 | $79.82 |
| P/E Ratio | 13.43 | 5.49 | 42.18 | 28.06 | 27.12 | 29.56 |
| Free Cash Flow (M) | $875 | $1,157 | $2,036 | $1,999 | $1,398 | $1,682 |
| CAPEX (M) | $645 | $586 | $443 | $552 | $592 | $539 |
| EV / EBITDA | 16.18 | 16.95 | 18.28 | 14.89 | 18.94 | 23.9 |
| Total Debt (M) | $9,614 | $6,421 | $7,731 | $7,663 | $8,649 | $8,604 |
| Net Debt / EBITDA | 3.93 | 2.27 | 3.42 | 1.87 | 2.81 | 2.66 |
| Current Ratio | 1.03 | 1.17 | 1.18 | 1.04 | 1.02 | 0.97 |
Johnson Controls International's Valuation Is in Line With Its Sector Averages:
Johnson Controls International has a trailing twelve month P/E ratio of 39.0, compared to an average of 25.42 for the Industrials sector. Based on its EPS guidance of $4.19, the company has a forward P/E ratio of 19.4. The 8.8% compound average growth rate of Johnson Controls International's historical and projected earnings per share yields a PEG ratio of 4.43. This suggests that these shares are overvalued. The market is placing a fair value on Johnson Controls International's equity, since its P/B ratio of 3.3 is comparable to its sector average of 3.2. The company's shares are currently trading 107.4% below their Graham number.
Analysts Give Johnson Controls International an Average Rating of Buy:
The 22 analysts following Johnson Controls International have set target prices ranging from $79.0 to $96.0 per share, for an average of $88.15 with a buy rating. The company is trading -9.4% away from its average target price, indicating that there is an analyst consensus of some upside potential.
Johnson Controls International has a very low short interest because 1.3% of the company's shares are sold short. Institutions own 91.9% of the company's shares, and the insider ownership rate stands at 0.32%, suggesting a small amount of insider investors. The largest shareholder is Dodge & Cox Inc, whose 13% stake in the company is worth $6,814,023,926.
