Entering text into the input field will update the search result below

Otis: Strong Services Momentum Combined With Slow China Growth

Oct. 02, 2023 3:48 PM ETOtis Worldwide Corporation (OTIS)2 Comments


  • Otis is a global elevator and escalator manufacturer with a strong focus on its service sector, which generates over half of its revenue.
  • The company's service division has higher margins and stable organic growth, making it a reliable contributor to overall growth.
  • However, Otis faces significant growth pressure in the Chinese market, which accounts for nearly 19% of its revenue, leading to a slightly inflated stock valuation and a "Sell" rating recommendation.

Elevators Inside Modern Office Building


Otis (NYSE:OTIS) emerged as a prominent elevator and escalator manufacturer following its spinoff from United Technologies in 2020. The company's primary revenue stream comes from its service sector, which accounts for over half of its group revenue. This service division boasts

This article was written by

I am a growth-oriented investor, conducting fundamental research. Long-term focus, independent thinking. I prefer companies with deep moats and high recurring sales growth.Disclosure: Hunter Wolf and I are working in the same investment team. I am writing here independently.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

Comments (2)

I watch them beat each quarter. Then I read the earnings reports. Then look at the company in the context of the world economy. Next it’s role in my portfolio.
Otis performs well for me.
Lighting Rock Research profile picture
@warwick01 It is all about forward looking, not beat in the past.
Disagree with this article? Submit your own. To report a factual error in this article, . Your feedback matters to us!

About OTIS

SymbolLast Price% Chg
Market Cap
Yield (TTM)
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on OTIS

Related Stocks

SymbolLast Price% Chg
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.