There's no rate to imply here.

The data isn't there yet — here's what's missing:

  • Caution:
    What is missing
    Carrier Global acquired Viessmann Climate Solutions for about €12B in January 2024 — roughly a third of its revenue — and over the same stretch sold its Fire & Security and Commercial Refrigeration segments. Its 2024 free cash flow falls to almost nothing under the transaction costs, and only the latest year reflects the reshaped company. Our fair value compounds from five years of free cash flow, and those years describe a Carrier that no longer exists. A five-year base that reflects the current business is several filings out.

TickerMath is an educational tool, not investment advice — it computes one model from SEC filings and can be wrong. How we compute this →