Company Of The Day: Johnson Controls Global Products Sales
What?
Johnson Controls (NYSE:JCI) Global Products Sales declined from around $8.6 billion in 2019 to about $8 billion in 2020. Trefis expects the metric to recover to about $8.6 billion in 2021 and to around $9.2 billion in 2022.
Why?
- $50 to $70 In Less Than A Year: Is Johnson Controls Stock Headed To $80 Next?
- Is Johnson Controls Stock Fully Valued After 20% Gains This Year?
- Up 10% This Year, Does Johnson Controls Stock Still Have Room To Grow?
- Q4’23 Earnings Preview: Down 21% YTD Will Johnson Controls Stock Continue To Underperform?
- What’s Next For Johnson Controls Stock After An 8% Fall Yesterday?
- Margin Expansion To Drive Johnson Controls’ Q3?
While sales decline in 2020 due to the impact of the Covid-19 pandemic, we expect longer-term growth to be driven by the company’s strong systems integrations capabilities and partnerships and distribution channels in major emerging markets.
So What?
We value JCI stock at about $83 per share, about 7% ahead of the current market price.
See Our Complete Analysis For Johnson Controls
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.