The Global Warehouse Freight Elevator Market Size was estimated at 3.5 USD Billion in 2024 and is projected to grow from USD 3.7 Billion in 2025 to USD 6.1 Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.1% during the forecast period 2025 - 2035
The global Warehouse Freight Elevator Market is a mid-sized but steadily growing niche within the broader elevator industry, driven primarily by e‑commerce-led warehouse expansion and automation. Growth is supported by the need for high-capacity, energy‑efficient, and increasingly intelligent vertical transport solutions integrated into modern logistics facilities.
Rapid growth of e‑commerce, next‑day/ same‑day delivery models, and higher order volumes is forcing warehouses to expand vertically and automate material flows, boosting freight elevator demand.
High penetration of warehouse automation (partial automation in ~80% of e‑commerce warehouses and ~84% of B2B warehouses) increases the need for reliable, high‑duty elevators integrated with conveyors, AS/RS, and WM
Integration with automated storage and retrieval systems, shuttle systems, and goods‑to‑person concepts means freight elevators are increasingly specified as part of end‑to‑end intralogistics solutions.
Smart and energy‑efficient freight elevators—using regenerative drives, IoT sensors, remote monitoring, and predictive maintenance—are gaining traction, mirroring broader “smart elevator” trends.
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Table 1: Otis Worldwide Corporation - Key Snapshot |
|
|
Parameter |
Value |
|
Company Legal Name |
Otis Worldwide Corporation |
|
Initial Public Offering (IPO) Date |
2020-03-19 |
|
Company is Based and Registered in |
US |
|
Phone No. |
860 674 3000 |
|
Website |
|
|
Industry |
Industrial - Machinery |
|
Sector |
Industrials |
|
CEO |
Judith F. Marks |
|
Corporate/ Registered Address |
One Carrier Place |
|
Employees (# 2024) |
72,000.00 |
|
Revenue (2024) |
USD14261 m |
|
Source: SWOTreports.com |
|
Otis Worldwide Corporation manufactures, installs, and services elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. It had a network of approximately 34,000 service mechanics operating approximately 1,400 branches and offices. The company was founded in 1853 and is headquartered in Farmington, Connecticut.
Otis Worldwide Corporation recorded revenues of USD14261.00 million for the year FY2024, an increase of 0.4% over FY2023.The company recorded an operating income of USD2,008 million for the year FY2024 a decline of 9.9% as compared to FY2023. The net income of the company was USD1,645 million for the year FY2024 a decline of 9.9% as compared to FY2023.
Financial Data:
|
Parameter |
2024 |
2023 |
2022 |
|
Revenue |
14,261. |
14,209. |
13,685. |
|
Cost Of Revenue |
10,004. |
9,979. |
9,746. |
|
Gross Profit |
4,257. |
4,230. |
3,939. |
|
Selling And Marketing Expenses |
00. |
00. |
00. |
|
General And Administrative Expenses |
00. |
00. |
00. |
|
Research And Development Expenses |
152. |
144. |
150. |
|
Other Expenses |
279. |
-01. |
-08. |
|
Operating Expenses |
2,249. |
2,002. |
1,864. |
|
Operating Income |
2,008. |
2,228. |
2,075. |
|
Depreciation And Amortization |
181. |
193. |
191. |
|
Total Other Income Expenses Net |
31. |
-197. |
-187. |
|
Interest Expense |
-31. |
150. |
143. |
|
Income Before Tax |
2,039. |
2,031. |
1,888. |
|
Income Tax Expense |
305. |
533. |
519. |
|
EBITDA |
2,232. |
2,374. |
2,222. |
|
Net Income |
1,645. |
1,406. |
1,253. |
|
Weighted Average Shs Out |
402. |
411. |
420. |
|
Cost And Expenses |
12,253. |
11,981. |
11,610. |
|
EPS |
00. |
00. |
00. |
|
Cash And Cash Equivalents |
2,300. |
1,274. |
1,189. |
|
Net Receivables |
4,134. |
4,255. |
4,021. |
|
Cash And Short Term Investments |
2,300. |
1,274. |
1,189. |
|
Inventory |
557. |
612. |
617. |
|
Other Current Assets |
679. |
259. |
316. |
|
Total Current Assets |
7,670. |
6,400. |
6,143. |
|
Property Plant Equipment Net |
1,123. |
1,143. |
1,168. |
|
Goodwill |
1,548. |
1,588. |
1,567. |
|
Short Term Investments |
00. |
1,230. |
00. |
|
Intangible Assets |
311. |
335. |
369. |
|
Tax Payables |
198. |
257. |
215. |
|
Other Assets |
00. |
00. |
00. |
|
Total Assets |
11,316. |
10,117. |
9,819. |
|
Total Current Liabilities |
7,749. |
6,479. |
6,843. |
|
Long Term Investments |
10. |
06. |
1,236. |
|
Retained Earnings |
-978. |
-2,005. |
-2,865. |
|
Deferred Tax Liabilities Non Current |
00. |
00. |
-52. |
|
Other Liabilities |
00. |
00. |
00. |
|
Total Liabilities |
16,044. |
14,837. |
14,483. |
|
Common Stock |
265. |
213. |
162. |
|
Total Stockholders Equity |
-4,848. |
-4,924. |
-4,870. |
|
Minority Interest |
120. |
204. |
206. |
|
Total Equity |
-4,728. |
-4,720. |
-4,664. |
|
Short Term Debt |
1,471. |
149. |
797. |
|
Long Term Debt |
7,271. |
7,158. |
6,413. |
|
Total Debt |
8,742. |
7,307. |
7,083. |
|
Net Debt |
6,442. |
6,033. |
5,894. |
|
Total Investments |
10. |
1,236. |
1,236. |
|
Total Liabilities And Stockholders Equity |
11,316. |
10,117. |
9,819. |
|
Net Income |
1,645. |
1,406. |
1,253. |
|
Depreciation and Amortization |
181. |
193. |
191. |
|
Stock Based Compensation |
00. |
64. |
67. |
|
Deferred Income Tax |
-31. |
-61. |
-16. |
|
Change In Working Capital |
-344. |
-31. |
-64. |
|
Accounts Receivables |
-68. |
-239. |
-309. |
|
Accounts Payables |
57. |
152. |
272. |
|
Net Cash Provided By Operating Activities |
1,563. |
1,627. |
1,560. |
|
Capital Expenditure |
-126. |
-138. |
-115. |
|
Investments In Property Plant And Equipment |
-126. |
-138. |
-115. |
|
Acquisitions Net |
-162. |
-36. |
15. |
|
Sales Maturities Of Investments |
00. |
00. |
-07. |
|
Purchases Of Investments |
-09. |
00. |
-07. |
|
Other Investing Activities |
58. |
-09. |
81. |
|
Net Cash Used For Investing Activities |
-239. |
-183. |
-33. |
|
Dividends Paid |
-606. |
-539. |
-465. |
|
Common Stock Repurchased |
-1,007. |
-800. |
-850. |
|
Debt Repayment |
1,497. |
100. |
-387. |
|
Other Financing Activities |
-118. |
-111. |
-1,950. |
|
Net Cash Used Provided By Financing Activities |
-234. |
-1,350. |
-3,652. |
|
Effect Of Forex Changes On Cash |
-49. |
-09. |
-157. |
|
Net Change In Cash |
1,041. |
79. |
-2,288. |
|
Free Cash Flow |
1,437. |
1,489. |
1,445. |
|
Operating Cash Flow |
1,563. |
1,627. |
1,560. |
|
Cash At End Of Period |
2,321. |
1,274. |
1,189. |
SWOT
Strength:
Revenue Per Share
Otis Worldwide Corporation recorded robust revenue per share over the past few years. In FY2024, the company recorded revenue per share of 35.50. Moreover, the company has been focusing on its revenue per share consistently over the past few years. Its revenue per share was 34.54 and 32.58 in FY2023 and FY2022, respectively. Revenue per share is a financial ratio that measures the total revenue earned per share over a specific time period. It provides a quick glance in identifying a company's productivity per share outstanding. The higher the sales-per-share ratio, the better a company is typically performing.
Cash Per Share
Otis Worldwide Corporation recorded robust cash per share over the past few years. In FY2024, the company recorded cash per share of 5.73. Moreover, the company has been focusing on its cash per share consistently over the past few years. Its cash per share was 3.10 and 2.83 in FY2023 and FY2022, respectively. Cash per share (CPS) measures how much cash a company has on hand on a per-share basis. This indicates the amount of a company’s share price that's immediately available for spending on activities such as research and development (R&D), mergers and acquisitions (M&A), purchasing or improving assets, paying down debt, buying back shares, and making dividend payments to shareholders.
Pocf Ratio
The company recorded strong POCF ratio over the past few years. In FY2024, Otis Worldwide Corporation recorded POCF ratio of 2380.13%. Moreover, the company has been focusing on its POCF ratio consistently over the past few years. Its POCF ratio was 2262.32%, and 21.08^ in FY2023 and FY2022, respectively. The Price-to-Cash Flow (POCF) ratio measures how much cash a company generates relative to its stock price. POCF is a better investment valuation indicator than the P/E ratio because cash flows cannot be manipulated as easily as earnings,
Weakness:
Ev To Sales
The company's EV to sales declined during the past few years. In FY2024, Otis Worldwide Corporation recorded EV to sales of 3.06. Moreover, the company's EV to sales has been declining consistently during the past few years. For instance, its EV to sales was 3.02 and 2.84 in FY2023 and FY2022, respectively. EV-to-sales (Enterprise Value-to-Sales) is a financial ratio that measures the company's value or valuation relative to its annual revenue. The ratio is often used by investors to evaluate a company's valuation relative to its revenue. It is particularly useful in analyzing companies that have negative earnings or are in the early stages of development. A lower EV-to-sales ratio indicates that a company's valuation is relatively lower in comparison to its sales, which may suggest that it is undervalued or has a potential for growth.
Free Cash Flow Yield
Otis Worldwide Corporation recorded weak free cash flow yield during the past few years. In FY2024, the company recorded free cash flow yield of 0.04. Moreover, the company's free cash flow yield has been constantly declining. Its free cash flow yield were 0.04 and 0.04 in FY2023 and FY2022, respectively. Free Cash Flow Yield is a financial ratio that measures a company's free cash flow relative to its market value. It is calculated by dividing a company's free cash flow per share by its current market price per share. This ratio is useful for investors as it provides insight into a company's ability to generate free cash flow relative to its current valuation. A higher free cash flow yield suggests that a company may be undervalued, while a lower free cash flow yield may indicate that a company is overvalued. A ratio above 5% is generally considered good, while a ratio below 2% may be seen as poor.
Average Receivables
The company's average receivables declined during the past few years. In FY2024, Otis Worldwide Corporation recorded average receivables of USD4,195 million. Moreover, the company's average receivables has been declining consistently during the past few years. For instance, its average receivables was USD4,138 million and USD3,902 million in FY2023 and FY2022, respectively. Average Receivables is a financial ratio that measures the average amount of money owed to a company by its customers over a period of time. It is calculated by adding the beginning and ending accounts receivable balances for a given period and dividing the result by two. Average Receivables is useful for investors as it provides insight into a company's ability to collect payments from its customers in a timely manner. A high average receivables may indicate that a company is having difficulty collecting payments, while a low average receivables may suggest that a company is effectively managing its receivables.
Opportunities:
Rising Demand for High-Capacity Vertical Transport Systems
Large distribution centers are expanding their storage volume and shifting to taller facilities, which increases the need for freight elevators that can manage heavier loads with steady performance. Otis can use its engineering depth to design systems that match these capacity requirements and broaden its role in logistics infrastructure. A stronger focus on high-capacity models can help Otis secure larger contracts in modern warehouse developments.
Growth of Automated Warehousing
More facilities are integrating automated storage and retrieval systems, which require freight elevators that operate with predictable timing, clear safety layers, and compatibility with digital controls. Otis can tailor its systems for smooth interaction with warehouse automation platforms. Aligning product features with automation trends can improve Otis’s position in advanced logistics projects.
Threats
Intensifying Competition from Regional Manufacturers
Several local manufacturers offer freight elevators at lower prices, especially in Asia and parts of Eastern Europe. These firms often find quick acceptance in cost-sensitive warehouse projects. This can gradually limit Otis’s reach in emerging markets.Sustained pricing pressure may narrow Otis’s share unless supported by clear performance or service advantages.
Stricter Industrial Safety and Efficiency Requirements
Warehouse operators are facing tighter rules on worker safety, fire protection, and energy efficiency. Meeting new compliance requirements may increase Otis’s development and certification costs, while smaller rivals may adapt faster due to simpler product lines. Regulatory shifts could slow product rollouts and raise costs, affecting Otis’s competitiveness in bids for new warehouse sites.
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Table 1: KONE Oyj - Key Snapshot |
|
|
Parameter |
Value |
|
Company Legal Name |
KONE Oyj |
|
Initial Public Offering (IPO) Date |
2005-06-01 |
|
Company is Based and Registered in |
FI |
|
Phone No. |
358 204 751 |
|
Website |
|
|
Industry |
Industrial - Machinery |
|
Sector |
Industrials |
|
CEO |
Philippe Delorme |
|
Corporate/ Registered Address |
Keilasatama 3 |
|
Employees (# 2024) |
63,852.00 |
|
Revenue (2024) |
EUR11098.4 m |
|
Source: SWOTreports.com |
|
KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. It offers elevators, escalators, and automatic building doors. The company also provides maintenance services; modernization solutions; and various residential solutions. In addition, it offers KONE Office Flow, a connected solution that allows for personalized user experiences and touch-free access; health and well-being solutions for elevators, escalators, and doors; KONE Residential Flow, a smarter building solution for the movement of people, goods, and information; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators. Further, the company provides people flow planning and consulting services; and solutions for special buildings and large projects. KONE Oyj was founded in 1908 and is based in Espoo, Finland.
KONE Oyj recorded revenues of EUR11098.40 million for the year FY2024, an increase of 1.3% over FY2023. The company recorded an operating income of EUR1,249 million for the year FY2024, an increase of 4.1% over FY2023.The net income of the company was EUR951 million for the year FY2024, an increase of 4.1% over FY2023.
Financial Data:
|
Parameter |
2024 |
2023 |
2022 |
|
Revenue |
11,098. |
10,952. |
10,907. |
|
Cost Of Revenue |
4,830. |
5,103. |
5,378. |
|
Gross Profit |
6,269. |
5,850. |
5,529. |
|
Selling And Marketing Expenses |
806. |
00. |
750. |
|
General And Administrative Expenses |
00. |
404. |
00. |
|
Research And Development Expenses |
204. |
185. |
188. |
|
Other Expenses |
4,010. |
4,109. |
3,768. |
|
Operating Expenses |
5,020. |
4,698. |
4,518. |
|
Operating Income |
1,249. |
1,200. |
1,031. |
|
Depreciation And Amortization |
292. |
269. |
259. |
|
Total Other Income Expenses Net |
05. |
06. |
-03. |
|
Interest Expense |
38. |
11. |
17. |
|
Income Before Tax |
1,254. |
1,206. |
1,028. |
|
Income Tax Expense |
293. |
275. |
244. |
|
EBITDA |
1,585. |
1,506. |
1,311. |
|
Net Income |
951. |
926. |
775. |
|
Weighted Average Shs Out |
518. |
517. |
518. |
|
Cost And Expenses |
9,849. |
9,752. |
9,895. |
|
EPS |
00. |
00. |
00. |
|
Cash And Cash Equivalents |
576. |
425. |
496. |
|
Net Receivables |
3,065. |
2,868. |
3,070. |
|
Cash And Short Term Investments |
1,798. |
1,688. |
1,966. |
|
Inventory |
841. |
821. |
821. |
|
Other Current Assets |
259. |
387. |
430. |
|
Total Current Assets |
5,963. |
5,764. |
6,309. |
|
Property Plant Equipment Net |
899. |
780. |
717. |
|
Goodwill |
1,558. |
1,469. |
1,415. |
|
Short Term Investments |
1,222. |
1,263. |
1,470. |
|
Intangible Assets |
333. |
287. |
208. |
|
Tax Payables |
144. |
238. |
215. |
|
Other Assets |
00. |
00. |
00. |
|
Total Assets |
9,284. |
8,731. |
9,090. |
|
Total Current Liabilities |
5,276. |
5,090. |
5,404. |
|
Long Term Investments |
150. |
-1,165. |
-1,348. |
|
Retained Earnings |
2,450. |
2,617. |
2,184. |
|
Deferred Tax Liabilities Non Current |
87. |
86. |
85. |
|
Other Liabilities |
00. |
00. |
00. |
|
Total Liabilities |
6,391. |
5,945. |
6,224. |
|
Common Stock |
66. |
66. |
66. |
|
Total Stockholders Equity |
2,867. |
2,752. |
2,837. |
|
Minority Interest |
26. |
34. |
30. |
|
Total Equity |
2,893. |
2,786. |
2,866. |
|
Short Term Debt |
136. |
114. |
116. |
|
Long Term Debt |
701. |
439. |
418. |
|
Total Debt |
836. |
553. |
533. |
|
Net Debt |
260. |
128. |
37. |
|
Total Investments |
1,372. |
98. |
122. |
|
Total Liabilities And Stockholders Equity |
9,284. |
8,731. |
9,090. |
|
Net Income |
951. |
926. |
775. |
|
Depreciation and Amortization |
292. |
269. |
259. |
|
Stock Based Compensation |
00. |
34. |
23. |
|
Deferred Income Tax |
00. |
00. |
-23. |
|
Change In Working Capital |
48. |
16. |
-536. |
|
Accounts Receivables |
00. |
00. |
00. |
|
Accounts Payables |
00. |
00. |
00. |
|
Net Cash Provided By Operating Activities |
1,249. |
1,128. |
532. |
|
Capital Expenditure |
-168. |
-148. |
-101. |
|
Investments In Property Plant And Equipment |
00. |
-148. |
-101. |
|
Acquisitions Net |
00. |
-169. |
-32. |
|
Sales Maturities Of Investments |
00. |
00. |
00. |
|
Purchases Of Investments |
00. |
00. |
00. |
|
Other Investing Activities |
-287. |
-02. |
00. |
|
Net Cash Used For Investing Activities |
-287. |
-319. |
-133. |
|
Dividends Paid |
-906. |
-905. |
-1,088. |
|
Common Stock Repurchased |
00. |
00. |
-50. |
|
Debt Repayment |
40. |
-166. |
00. |
|
Other Financing Activities |
53. |
210. |
747. |
|
Net Cash Used Provided By Financing Activities |
-813. |
-861. |
-391. |
|
Effect Of Forex Changes On Cash |
03. |
-18. |
-03. |
|
Net Change In Cash |
152. |
-71. |
05. |
|
Free Cash Flow |
1,081. |
980. |
430. |
|
Operating Cash Flow |
1,249. |
1,128. |
532. |
|
Cash At End Of Period |
576. |
425. |
496. |
SWOT
Strength:
Net Income Per Share
The company recorded strong net income per share over the past few years. In FY2024, KONE Oyj recorded net income per share of 1.84. Moreover, the company has been focusing on its net income per share consistently over the past few years. Its net income per share was 1.79, and 1.50 in FY2023 and FY2022, respectively. EPS indicates how much money a company makes for each share of its stock and is a widely used metric for estimating corporate value. A higher EPS indicates greater value because investors will pay more for a company's shares if they think the company has higher profits relative to its share price.
Ptb Ratio
KONE Oyj recorded robust PTB ratio over the past few years. In FY2024, the company recorded PTB ratio of 8.48. Moreover, the company has been focusing on its PTB ratio consistently over the past few years. Its PTB ratio was 8.44 and 8.82 in FY2023 and FY2022, respectively. The price-to-book (P/B) ratio is a financial ratio used to compare a company's market value to its book value. Book value represents the value of a company's assets, liabilities, and equity as reported in its financial statements. It is commonly used by investors as a valuation metric to determine whether a company's stock is overvalued or undervalued relative to its book value. Generally, a P/B ratio below 1 indicates that a company's stock is trading at a discount to its book value, while a P/B ratio above 1 indicates that a company's stock is trading at a premium to its book value.
Earnings Yield
The company recorded strong earnings yield over the past few years. In FY2024, KONE Oyj recorded earnings yield of 3.91%. Moreover, the company has been focusing on its earnings yield consistently over the past few years. Its earnings yield was 3.98%, and 3.10% in FY2023 and FY2022, respectively. Earnings Yield is a financial ratio that measures a company's earnings relative to its market value. It is calculated by dividing a company's earnings per share (EPS) by its current market price per share. This ratio is useful for investors as it provides insight into a company's earnings potential relative to its current valuation. A higher earnings yield suggests that a company may be undervalued, while a lower earnings yield may indicate that a company is overvalued. A ratio above 5% is generally considered good, while a ratio below 2% may be seen as poor.
Weakness:
Revenue Growth
The company recorded a weak revenue growth in the recent past. KONE Oyj recorded revenues of EUR11098.40 million for the year FY2024, an increase of 1.3% over FY2023. Moreover, the company has been performing poorly during the past few years. Its revenue declined at a five-year CAGR of 2.53% and at a 10-year CAGR of 2.23%. The weak operating performance could impact its long-term growth prospects and have a negative impact on investor confidence. Financial performance is a subjective measure of how well a firm can use assets from its primary mode of business and generate revenues. The term is also used as a general measure of a firm's overall financial health over a given period.
Pb Ratio
The company's PB ratio declined during the past few years. In FY2024, KONE Oyj recorded PB ratio of 8.48. Moreover, the company's PB ratio has been declining consistently during the past few years. For instance, its PB ratio was 8.44 and 8.82 in FY2023 and FY2022, respectively. The price-to-book (P/B) ratio measures the market's valuation of a company relative to its book value. Any value under 1.0 is considered desirable for value investors, indicating an undervalued stock may have been identified.
Dividend Yield
The company's dividend yield declined during the past few years. In FY2024, KONE Oyj recorded dividend yield of 0.04. Moreover, the company's dividend yield has been declining consistently during the past few years. For instance, its dividend yield was 0.04 and 0.04 in FY2023 and FY2022, respectively. Dividend Yield is a financial ratio that measures a company's annual dividend payments relative to its stock price. It is calculated by dividing a company's annual dividend per share by its current stock price per share. This ratio is useful for investors who are interested in generating income from their investments. A higher dividend yield suggests that a company may be a good investment for income-seeking investors, while a lower dividend yield may indicate that a company is not prioritizing its dividend payments. The appropriate dividend yield varies depending on the investor's investment objectives and the industry in which the company operates.
Opportunities:
Rising Demand for High Load-Capacity Systems
Growth in warehousing linked to e commerce, industrial consolidation, and automated storage facilities has created steady demand for freight elevators built for heavy and continuous use. KONE can strengthen its position by expanding its product range for high load applications and designing systems suited to tall and dense warehouse layouts.
This demand allows KONE to broaden its industrial portfolio and improve its reach in logistics infrastructure projects.
Adoption of Smart Monitoring and Predictive Maintenance
Warehouse operators are moving toward equipment that can reduce downtime and support strict throughput requirements. KONE already invests in connected services and can adapt these capabilities to freight environments by offering sensors, remote diagnostics, and tailored maintenance plans for rugged installations.This shift gives KONE a chance to differentiate through service quality and life cycle value.
Threats:
Strong Competition from Industrial-Focused Manufacturers
The warehouse freight elevator segment includes several established firms that specialize in heavy duty lifting equipment. These companies often offer customized and lower cost products targeted at warehouse needs. Such competition can limit KONE’s pricing flexibility and erode market share in developing regions. Competitive pressure may force KONE to adjust its product positioning or margins to maintain relevance.
Exposure to Volatile Industrial Capital Spending
Freight elevator demand depends on warehouse construction cycles and investment in logistics facilities. Any slowdown in manufacturing, trade, or third party logistics spending can delay installation projects and restrict order pipelines. This creates uncertainty for companies with a strong presence in capital equipment.Market volatility can affect revenue visibility and may require KONE to rely more on service contracts to stabilize performance.
|
Table 1: Schindler Holding AG - Key Snapshot |
|
|
Parameter |
Value |
|
Company Legal Name |
Schindler Holding AG |
|
Initial Public Offering (IPO) Date |
1995-08-03 |
|
Company is Based and Registered in |
CH |
|
Phone No. |
41 41 632 85 50 |
|
Website |
|
|
Industry |
Industrial - Machinery |
|
Sector |
Industrials |
|
CEO |
Paolo Compagna |
|
Corporate/ Registered Address |
Seestrasse 55 |
|
Employees (# 2024) |
70,162.00 |
|
Revenue (2024) |
CHF11236 m |
|
Source: SWOTreports.com |
|
Schindler Holding AG engages in the production, installation, maintenance, and modernization of elevators, escalators, and moving walks worldwide. It also offers digital media services for providing information, communication, and entertainment channels, such as Schindler Ahead DoorShow, which displays information, advertising, and announcements on the elevator landing doors; Schindler Ahead SmartMirror, a mirror and a screen for entertainment or information; Schindler Ahead AdScreen that delivers messages on screen inside the elevator; and Schindler Ahead MediaScreen, an in-car media solution for elevators. In addition, the company provides digital services, including Schindler Ahead ActionBoard that collates all the important statistics, activities, and performance data of elevators; and Schindler Ahead RemoteMonitoring which provides information about equipment's health. Further, it also offers s digital solutions for transit and building management. The company provides its products and services to residential buildings, office buildings, hotels, healthcare facilities, malls and retail facilities, public transport locations, mixed-use buildings, institutional buildings, and marines, as well as stadiums, arenas, and convention centers. Schindler Holding AG was founded in 1874 and is based in Hergiswil, Switzerland.
Schindler Holding AG recorded revenues of CHF11236.00 million for the year FY2024 a decline of 2.2% as compared to FY2023. The company recorded an operating income of CHF1,266 million for the year FY2024, an increase of 6.6% over FY2023. The net income of the company was CHF950 million for the year FY2024, an increase of 6.6% over FY2023.
Financial Data:
|
Parameter |
2024 |
2023 |
2022 |
|
Revenue |
11,236. |
11,494. |
11,346. |
|
Cost Of Revenue |
4,209. |
3,433. |
8,331. |
|
Gross Profit |
7,027. |
8,061. |
3,015. |
|
Selling And Marketing Expenses |
256. |
-31. |
1,481. |
|
General And Administrative Expenses |
248. |
485. |
444. |
|
Research And Development Expenses |
185. |
194. |
208. |
|
Other Expenses |
5,072. |
5,216. |
00. |
|
Operating Expenses |
5,761. |
5,701. |
2,133. |
|
Operating Income |
1,266. |
1,188. |
882. |
|
Depreciation And Amortization |
330. |
349. |
344. |
|
Total Other Income Expenses Net |
06. |
-13. |
-29. |
|
Interest Expense |
65. |
55. |
63. |
|
Income Before Tax |
1,272. |
1,175. |
860. |
|
Income Tax Expense |
262. |
240. |
194. |
|
EBITDA |
1,646. |
1,579. |
1,267. |
|
Net Income |
950. |
866. |
610. |
|
Weighted Average Shs Out |
108. |
108. |
108. |
|
Cost And Expenses |
9,970. |
10,306. |
10,464. |
|
EPS |
00. |
00. |
00. |
|
Cash And Cash Equivalents |
2,599. |
2,336. |
2,153. |
|
Net Receivables |
2,948. |
2,639. |
3,146. |
|
Cash And Short Term Investments |
4,065. |
3,573. |
3,440. |
|
Inventory |
1,157. |
1,251. |
1,418. |
|
Other Current Assets |
118. |
361. |
406. |
|
Total Current Assets |
8,288. |
7,824. |
8,109. |
|
Property Plant Equipment Net |
1,368. |
1,327. |
1,403. |
|
Goodwill |
1,064. |
1,033. |
1,056. |
|
Short Term Investments |
1,466. |
1,237. |
1,287. |
|
Intangible Assets |
352. |
362. |
1,457. |
|
Tax Payables |
378. |
155. |
159. |
|
Other Assets |
00. |
00. |
00. |
|
Total Assets |
11,997. |
11,308. |
11,808. |
|
Total Current Liabilities |
5,824. |
5,594. |
6,252. |
|
Long Term Investments |
507. |
449. |
512. |
|
Retained Earnings |
5,945. |
5,608. |
5,182. |
|
Deferred Tax Liabilities Non Current |
165. |
141. |
143. |
|
Other Liabilities |
00. |
00. |
00. |
|
Total Liabilities |
6,948. |
6,600. |
7,363. |
|
Common Stock |
11. |
11. |
11. |
|
Total Stockholders Equity |
4,954. |
4,604. |
4,331. |
|
Minority Interest |
95. |
104. |
114. |
|
Total Equity |
5,049. |
4,708. |
4,445. |
|
Short Term Debt |
361. |
325. |
571. |
|
Long Term Debt |
451. |
374. |
473. |
|
Total Debt |
812. |
699. |
1,044. |
|
Net Debt |
-1,787. |
-1,637. |
-1,109. |
|
Total Investments |
1,973. |
1,686. |
1,799. |
|
Total Liabilities And Stockholders Equity |
11,997. |
11,308. |
11,808. |
|
Net Income |
950. |
866. |
610. |
|
Depreciation and Amortization |
330. |
349. |
344. |
|
Stock Based Compensation |
23. |
18. |
24. |
|
Deferred Income Tax |
00. |
00. |
-36. |
|
Change In Working Capital |
246. |
-43. |
-375. |
|
Accounts Receivables |
53. |
-54. |
-132. |
|
Accounts Payables |
129. |
66. |
48. |
|
Net Cash Provided By Operating Activities |
1,595. |
1,271. |
688. |
|
Capital Expenditure |
-109. |
-102. |
-130. |
|
Investments In Property Plant And Equipment |
-107. |
-102. |
-130. |
|
Acquisitions Net |
-59. |
-74. |
-143. |
|
Sales Maturities Of Investments |
1,863. |
1,942. |
1,130. |
|
Purchases Of Investments |
-2,195. |
-1,766. |
-1,507. |
|
Other Investing Activities |
22. |
44. |
04. |
|
Net Cash Used For Investing Activities |
-476. |
44. |
-646. |
|
Dividends Paid |
-538. |
-430. |
-431. |
|
Common Stock Repurchased |
-65. |
-04. |
-49. |
|
Debt Repayment |
-07. |
-408. |
-15. |
|
Other Financing Activities |
-272. |
-211. |
-191. |
|
Net Cash Used Provided By Financing Activities |
-882. |
-1,053. |
-683. |
|
Effect Of Forex Changes On Cash |
26. |
-79. |
-47. |
|
Net Change In Cash |
263. |
183. |
-688. |
|
Free Cash Flow |
1,486. |
1,169. |
558. |
|
Operating Cash Flow |
1,595. |
1,271. |
688. |
|
Cash At End Of Period |
2,599. |
2,336. |
2,153. |
SWOT
Strength:
Net Income Per Share
The company recorded strong net income per share over the past few years. In FY2024, Schindler Holding AG recorded net income per share of 8.83. Moreover, the company has been focusing on its net income per share consistently over the past few years. Its net income per share was 8.05, and 5.67 in FY2023 and FY2022, respectively. EPS indicates how much money a company makes for each share of its stock and is a widely used metric for estimating corporate value. A higher EPS indicates greater value because investors will pay more for a company's shares if they think the company has higher profits relative to its share price.
Cash Per Share
Schindler Holding AG recorded robust cash per share over the past few years. In FY2024, the company recorded cash per share of 37.80. Moreover, the company has been focusing on its cash per share consistently over the past few years. Its cash per share was 33.23 and 31.96 in FY2023 and FY2022, respectively. Cash per share (CPS) measures how much cash a company has on hand on a per-share basis. This indicates the amount of a company’s share price that's immediately available for spending on activities such as research and development (R&D), mergers and acquisitions (M&A), purchasing or improving assets, paying down debt, buying back shares, and making dividend payments to shareholders.
Market Cap
The company recorded strong market cap growth over the past few years. In FY2024, Schindler Holding AG recorded market cap of CHF26,926 million. Moreover, the company's market cap has been consistently increasing over the past few years. Its market cap was CHF22,614 million, and CHF18,720 million in FY2023 and FY2022, respectively. Market capitalization refers to the total dollar market value of a company's outstanding shares of stock. The investment community uses this figure to determine a company's size instead of sales or total asset figures.
Weakness:
Revenue Growth
The company recorded a weak revenue growth in the recent past. Schindler Holding AG recorded revenues of CHF11236.00 million for the year FY2024 a decline of 2.2% as compared to FY2023. Moreover, the company has been performing poorly during the past few years. Its revenue declined at a five-year CAGR of 2.06% and at a 10-year CAGR of 1.10%. The weak operating performance could impact its long-term growth prospects and have a negative impact on investor confidence. Financial performance is a subjective measure of how well a firm can use assets from its primary mode of business and generate revenues. The term is also used as a general measure of a firm's overall financial health over a given period.
Pb Ratio
The company's PB ratio declined during the past few years. In FY2024, Schindler Holding AG recorded PB ratio of 5.44. Moreover, the company's PB ratio has been declining consistently during the past few years. For instance, its PB ratio was 4.91 and 4.32 in FY2023 and FY2022, respectively. The price-to-book (P/B) ratio measures the market's valuation of a company relative to its book value. Any value under 1.0 is considered desirable for value investors, indicating an undervalued stock may have been identified.
Earnings Yield
The company's earnings yield declined during the past few years. In FY2024, Schindler Holding AG recorded earnings yield of 3.53%. Moreover, the company's earnings yield has been declining consistently during the past few years. For instance, its earnings yield was 3.83% and 3.26% in FY2023 and FY2022, respectively. Earnings Yield is a financial ratio that measures a company's earnings relative to its market value. It is calculated by dividing a company's earnings per share (EPS) by its current market price per share. This ratio is useful for investors as it provides insight into a company's earnings potential relative to its current valuation. A higher earnings yield suggests that a company may be undervalued, while a lower earnings yield may indicate that a company is overvalued. A ratio above 5% is generally considered good, while a ratio below 2% may be seen as poor.
Opportunities:
Growing demand for modern warehouse infrastructure
Many logistics operators are expanding distribution centers to handle higher throughput. This encourages investment in reliable freight elevators that support heavier loads and smoother movement across floors. Schindler can benefit by offering systems designed for continuous industrial use. The company can strengthen its position by aligning its products with the needs of large and fast-growing warehouse networks.
Adoption of smart control systems in material handling
Warehouses are gradually moving toward automated workflows with sensors, monitoring tools, and predictive maintenance. Freight elevators that integrate with warehouse management systems give operators better control over safety and efficiency. Schindler already works with digital platforms and can expand these capabilities for industrial clients.
Improving digital features in freight elevators can help Schindler win contracts in advanced logistics facilities.
Threats
Price competition from regional industrial elevator manufacturers
The warehouse segment often favors suppliers that offer sturdy equipment at competitive prices. Several regional manufacturers provide basic freight lifts at lower cost, which can pressure margins for global brands.Schindler may find it difficult to match aggressive local pricing without affecting profitability.
Operational and safety regulations across markets
Freight elevators used in warehouses must meet strict safety rules, and requirements differ from one region to another. Frequent regulatory changes increase compliance costs and extend approval timelines for new installations.This raises the risk of delays and higher project expenses for Schindler, especially in markets with complex industrial standards.
|
Table 1: thyssenkrupp AG - Key Snapshot |
|
|
Parameter |
Value |
|
Company Legal Name |
thyssenkrupp AG |
|
Initial Public Offering (IPO) Date |
2014-12-22 |
|
Company is Based and Registered in |
DE |
|
Phone No. |
49 201 844 0 |
|
Website |
|
|
Industry |
Manufacturing - Metal Fabrication |
|
Sector |
Industrials |
|
CEO |
Miguel Angel Lopez Borrego |
|
Corporate/ Registered Address |
thyssenkrupp Allee 1 |
|
Employees (# 2024) |
97,360.00 |
|
Revenue (2024) |
USD35041 m |
|
Source: SWOTreports.com |
|
thyssenkrupp AG operates in the areas of automotive technology, industrial components, marine systems, steel, and materials services in Germany, the United States, China, and internationally. The company's Automotive Technology segment develops and manufactures components and systems, as well as automation solutions for the automotive industry. Its Industrial Components segment manufactures and sells forged components and system solutions for the resource, construction, and mobility sectors; and slewing rings, antifriction bearings, and seamless rolled rings for the wind energy and construction machinery sectors. The company's Multi Tracks segment builds plants for the chemical, cement, and mining industries. Its Marine Systems segment provides systems in the submarine and surface vessel construction, as well as in the field of maritime electronics and security technology. The company's Materials Services segment distributes materials and offers technical services for the production and manufacturing sectors. Its Steel Europe segment provides flat carbon steel products, intelligent material solutions, and finished parts. thyssenkrupp AG was founded in 1811 and is headquartered in Essen, Germany.
thyssenkrupp AG recorded revenues of USD35041.00 million for the year FY2024 a decline of 6.6% as compared to FY2023. The company recorded an operating income of USD-1,070 million for the year FY2024 a decline of 26.6% as compared to FY2023. The net income of the company was USD-1,506 million for the year FY2024 a decline of 26.6% as compared to FY2023.
Financial Data:
|
Parameter |
2024 |
2023 |
2022 |
|
Revenue |
35,041. |
37,535. |
41,140. |
|
Cost Of Revenue |
31,798. |
34,878. |
35,479. |
|
Gross Profit |
3,243. |
2,657. |
5,661. |
|
Selling And Marketing Expenses |
2,588. |
2,417. |
2,518. |
|
General And Administrative Expenses |
1,682. |
1,686. |
1,537. |
|
Research And Development Expenses |
257. |
239. |
246. |
|
Other Expenses |
-214. |
-228. |
163. |
|
Operating Expenses |
4,313. |
4,114. |
4,464. |
|
Operating Income |
-1,070. |
-1,457. |
1,196. |
|
Depreciation And Amortization |
1,951. |
3,121. |
1,421. |
|
Total Other Income Expenses Net |
-126. |
-126. |
-385. |
|
Interest Expense |
621. |
288. |
179. |
|
Income Before Tax |
-1,196. |
-1,583. |
1,387. |
|
Income Tax Expense |
254. |
403. |
175. |
|
EBITDA |
1,030. |
1,826. |
2,987. |
|
Net Income |
-1,506. |
-2,072. |
1,136. |
|
Weighted Average Shs Out |
623. |
623. |
623. |
|
Cost And Expenses |
36,111. |
38,992. |
39,943. |
|
EPS |
00. |
00. |
00. |
|
Cash And Cash Equivalents |
5,867. |
7,339. |
7,638. |
|
Net Receivables |
5,071. |
00. |
00. |
|
Cash And Short Term Investments |
5,879. |
7,827. |
8,196. |
|
Inventory |
7,284. |
7,553. |
8,889. |
|
Other Current Assets |
2,684. |
8,639. |
9,246. |
|
Total Current Assets |
20,918. |
24,019. |
26,331. |
|
Property Plant Equipment Net |
4,755. |
4,954. |
7,023. |
|
Goodwill |
1,362. |
1,390. |
1,394. |
|
Short Term Investments |
12. |
488. |
558. |
|
Intangible Assets |
443. |
386. |
491. |
|
Tax Payables |
373. |
385. |
448. |
|
Other Assets |
00. |
00. |
00. |
|
Total Assets |
29,333. |
33,291. |
37,492. |
|
Total Current Liabilities |
11,852. |
13,117. |
13,387. |
|
Long Term Investments |
1,316. |
504. |
946. |
|
Retained Earnings |
1,004. |
2,972. |
4,777. |
|
Deferred Tax Liabilities Non Current |
28. |
00. |
53. |
|
Other Liabilities |
00. |
-01. |
00. |
|
Total Liabilities |
18,975. |
20,599. |
22,750. |
|
Common Stock |
1,594. |
1,594. |
1,594. |
|
Total Stockholders Equity |
9,583. |
11,838. |
14,202. |
|
Minority Interest |
775. |
854. |
540. |
|
Total Equity |
10,358. |
12,692. |
14,742. |
|
Short Term Debt |
824. |
1,711. |
1,195. |
|
Long Term Debt |
649. |
1,313. |
2,787. |
|
Total Debt |
1,473. |
3,024. |
3,981. |
|
Net Debt |
-4,394. |
-4,315. |
-3,657. |
|
Total Investments |
1,328. |
1,362. |
1,504. |
|
Total Liabilities And Stockholders Equity |
29,333. |
33,291. |
37,492. |
|
Net Income |
-1,506. |
-2,072. |
1,136. |
|
Depreciation and Amortization |
1,951. |
3,121. |
1,421. |
|
Stock Based Compensation |
00. |
42. |
-16. |
|
Deferred Income Tax |
00. |
00. |
-184. |
|
Change In Working Capital |
807. |
849. |
-1,760. |
|
Accounts Receivables |
523. |
324. |
-1,097. |
|
Accounts Payables |
38. |
-403. |
408. |
|
Net Cash Provided By Operating Activities |
1,353. |
2,064. |
617. |
|
Capital Expenditure |
-1,596. |
-1,757. |
-1,296. |
|
Investments In Property Plant And Equipment |
-1,596. |
-1,757. |
-1,296. |
|
Acquisitions Net |
45. |
21. |
847. |
|
Sales Maturities Of Investments |
00. |
00. |
07. |
|
Purchases Of Investments |
00. |
00. |
-07. |
|
Other Investing Activities |
422. |
154. |
172. |
|
Net Cash Used For Investing Activities |
-1,129. |
-1,582. |
-277. |
|
Dividends Paid |
-93. |
-93. |
00. |
|
Common Stock Repurchased |
00. |
00. |
-40. |
|
Debt Repayment |
-1,541. |
-1,027. |
-1,537. |
|
Other Financing Activities |
-16. |
-165. |
-214. |
|
Net Cash Used Provided By Financing Activities |
-1,640. |
-716. |
-1,791. |
|
Effect Of Forex Changes On Cash |
-52. |
-64. |
72. |
|
Net Change In Cash |
-1,468. |
-299. |
-1,379. |
|
Free Cash Flow |
-243. |
307. |
-679. |
|
Operating Cash Flow |
1,353. |
2,064. |
617. |
|
Cash At End Of Period |
5,871. |
7,339. |
7,638. |
SWOT
Strength:
Ev To Free Cash Flow
thyssenkrupp AG recorded robust EV to free cash flow over the past few years. In FY2024, the company recorded EV to free cash flow of 9.17. Moreover, the company has been focusing on its EV to free cash flow consistently over the past few years. Its EV to free cash flow was 0.61 and 1.36 in FY2023 and FY2022, respectively. EV (Enterprise Value) to Free Cash Flow is a financial ratio used to evaluate a company's valuation in relation to its ability to generate free cash flow. Free cash flow is the cash generated by a company's operations after accounting for capital expenditures. To calculate this ratio, divide a company's Enterprise Value by its Free Cash Flow. This ratio is useful for investors as it provides insight into whether a company is generating enough free cash flow to cover its debt obligations and to invest in future growth opportunities. A lower ratio suggests that a company may be undervalued, while a higher ratio may indicate that a company is overvalued. A ratio below 15 is generally considered good, while a ratio above 25 may be seen as poor.
Receivables Turnover
The company recorded strong receivables turnover over the past few years. In FY2024, thyssenkrupp AG recorded receivables turnover of 6.91. Moreover, the company has been focusing on its receivables turnover consistently over the past few years. Its receivables turnover was 5.61, and 5.60 in FY2023 and FY2022, respectively. Receivables Turnover ratio measures how many times a company can collect its accounts receivable during a given period. A higher ratio is better as it indicates that the company is collecting its receivables more frequently, which can improve cash flow and reduce the risk of bad debts. A lower ratio may indicate that the company is having difficulty collecting payments from its customers.
Inventory Turnover
The company recorded strong inventory turnover over the past few years. In FY2024, thyssenkrupp AG recorded inventory turnover of 4.37. Moreover, the company has been focusing on its inventory turnover consistently over the past few years. Its inventory turnover was 4.62, and 3.99 in FY2023 and FY2022, respectively. Inventory turnover ratio measures how efficiently a company manages its inventory. It is calculated by dividing the cost of goods sold by the average inventory. A high ratio indicates that a company is selling its inventory quickly, while a low ratio may indicate that a company is overstocked.
Weakness:
Revenue Growth
The company recorded a weak revenue growth in the recent past. thyssenkrupp AG recorded revenues of USD35041.00 million for the year FY2024 a decline of 6.6% as compared to FY2023. Moreover, the company has been performing poorly during the past few years. Its revenue declined at a five-year CAGR of -1.98% and at a 10-year CAGR of 3.93%. The weak operating performance could impact its long-term growth prospects and have a negative impact on investor confidence. Financial performance is a subjective measure of how well a firm can use assets from its primary mode of business and generate revenues. The term is also used as a general measure of a firm's overall financial health over a given period.
Net Income Per Share
The company's net income per share declined during the past few years. In FY2024, thyssenkrupp AG recorded net income per share of -2.42. Moreover, the company's net income per share has been declining consistently during the past few years. For instance, its net income per share was -3.33 and 1.82 in FY2023 and FY2022, respectively. EPS indicates how much money a company makes for each share of its stock and is a widely used metric for estimating corporate value. A higher EPS indicates greater value because investors will pay more for a company's shares if they think the company has higher profits relative to its share price.
Interest Coverage
The company's interest coverage declined during the past few years. In FY2024, thyssenkrupp AG recorded interest coverage of -1.72. Moreover, the company's interest coverage has been declining consistently during the past few years. For instance, its interest coverage was -1.84 and 6.68 in FY2023 and FY2022, respectively. Interest Coverage is a financial ratio that measures a company's ability to pay off its interest expenses with its operating earnings. It is calculated by dividing a company's EBIT (earnings before interest and taxes) by its interest expenses. This ratio is useful for investors as it provides insight into a company's ability to service its debt obligations with its operating earnings. A higher interest coverage ratio suggests that a company may be less risky, while a lower ratio may indicate that a company is more likely to face financial difficulties. A ratio above 2 is generally considered good, while a ratio below 1 may be seen as poor.
Opportunities:
Rising Demand for High-Capacity Vertical Transport in Automated Warehouses
Growth in multi-level storage facilities has created a steady need for durable freight elevators that can handle large loads with consistent performance. Thyssenkrupp can draw on its engineering strength to supply systems that match the requirements of automated warehouses, where reliability and cycle efficiency matter more than cost alone.A clear path exists for the company to expand its presence by supplying purpose-built freight elevators for modern distribution centres.
Integration of Smart Monitoring and Predictive Maintenance
Warehousing operators are showing interest in elevators equipped with sensors, condition monitoring, and predictive service tools. Thyssenkrupp already develops such technologies in other product lines, which positions it well to tailor similar systems for freight elevators. This creates an opening to differentiate through safety, uptime, and advanced maintenance services that reduce operational interruptions.
Threats
Strong Competition from Regional Manufacturers
Local elevator suppliers in Asia and parts of Europe often provide warehouse freight elevators at lower costs and with shorter delivery times. Their familiarity with regional regulations and building standards can reduce the advantage of a global brand. Price-driven competition may limit Thyssenkrupp’s share in rapidly growing warehouse construction markets.
Slowdowns in Industrial Construction Cycles
The warehouse sector depends heavily on investment sentiment and logistics expansion. Any slowdown in e commerce growth or postponement of industrial construction projects can reduce orders for freight elevators. Thyssenkrupp may face uneven demand patterns that pressure sales forecasts and resource planning within this segment.
|
Table 1: Fujitec Co., Ltd. - Key Snapshot |
|
|
Parameter |
Value |
|
Company Legal Name |
Fujitec Co., Ltd. |
|
Initial Public Offering (IPO) Date |
2001-01-01 |
|
Company is Based and Registered in |
JP |
|
Phone No. |
81 7 4930 7111 |
|
Website |
|
|
Industry |
Industrial - Machinery |
|
Sector |
Industrials |
|
CEO |
Masayoshi Harada |
|
Corporate/ Registered Address |
591-1, Miyata-cho |
|
Employees (# 2024) |
11,818.00 |
|
Revenue (2024) |
JPY229401 m |
|
Source: SWOTreports.com |
|
Fujitec Co., Ltd. engages in the research, development, manufacture, marketing, installation, and maintenance of elevators, escalators, moving walks, and transportation systems in Japan, the Americas, Europe, the Middle East, South Asia, and East Asia. The company's products are installed in office buildings, hotels, commercial buildings, residences, condominiums, shopping centers, and museums. Fujitec Co., Ltd. was incorporated in 1948 and is headquartered in Hikone, Japan.
Fujitec Co., Ltd. recorded revenues of JPY229401.00 million for the year FY2024, an increase of 10.5% over FY2023. The company recorded an operating income of JPY14,571 million for the year FY2024, an increase of 25.4% over FY2023. The net income of the company was JPY17,830 million for the year FY2024, an increase of 25.4% over FY2023.
Financial Data:
|
Parameter |
2024 |
2023 |
2022 |
|
Revenue |
229,401. |
207,589. |
187,018. |
|
Cost Of Revenue |
180,994. |
165,430. |
145,446. |
|
Gross Profit |
48,407. |
42,159. |
41,572. |
|
Selling And Marketing Expenses |
00. |
00. |
00. |
|
General And Administrative Expenses |
00. |
00. |
00. |
|
Research And Development Expenses |
00. |
2,590. |
2,662. |
|
Other Expenses |
33,836. |
-457. |
-176. |
|
Operating Expenses |
33,836. |
30,538. |
27,794. |
|
Operating Income |
14,571. |
11,619. |
13,777. |
|
Depreciation And Amortization |
4,705. |
4,033. |
3,343. |
|
Total Other Income Expenses Net |
9,345. |
817. |
2,489. |
|
Interest Expense |
387. |
185. |
94. |
|
Income Before Tax |
23,916. |
12,436. |
16,268. |
|
Income Tax Expense |
5,529. |
2,998. |
4,306. |
|
EBITDA |
19,264. |
16,653. |
19,705. |
|
Net Income |
17,830. |
8,433. |
10,835. |
|
Weighted Average Shs Out |
78. |
79. |
81. |
|
Cost And Expenses |
214,830. |
195,968. |
173,240. |
|
EPS |
00. |
00. |
00. |
|
Cash And Cash Equivalents |
58,297. |
80,560. |
76,956. |
|
Net Receivables |
72,410. |
81,352. |
63,004. |
|
Cash And Short Term Investments |
58,297. |
80,560. |
76,956. |
|
Inventory |
20,653. |
20,916. |
15,097. |
|
Other Current Assets |
7,772. |
7,656. |
8,216. |
|
Total Current Assets |
159,132. |
190,484. |
163,273. |
|
Property Plant Equipment Net |
38,506. |
39,545. |
35,283. |
|
Goodwill |
1,612. |
2,210. |
1,227. |
|
Short Term Investments |
00. |
00. |
00. |
|
Intangible Assets |
3,756. |
3,826. |
3,610. |
|
Tax Payables |
1,430. |
4,431. |
2,035. |
|
Other Assets |
03. |
03. |
03. |
|
Total Assets |
230,098. |
256,402. |
220,609. |
|
Total Current Liabilities |
79,888. |
84,304. |
74,691. |
|
Long Term Investments |
20,978. |
11,770. |
12,285. |
|
Retained Earnings |
99,546. |
111,405. |
104,649. |
|
Deferred Tax Liabilities Non Current |
173. |
213. |
84. |
|
Other Liabilities |
00. |
00. |
00. |
|
Total Liabilities |
85,982. |
91,228. |
80,129. |
|
Common Stock |
12,533. |
12,533. |
12,533. |
|
Total Stockholders Equity |
127,931. |
148,391. |
125,516. |
|
Minority Interest |
16,185. |
16,783. |
14,964. |
|
Total Equity |
144,116. |
165,174. |
140,480. |
|
Short Term Debt |
9,795. |
5,733. |
3,493. |
|
Long Term Debt |
13. |
128. |
381. |
|
Total Debt |
9,808. |
5,861. |
3,874. |
|
Net Debt |
-48,489. |
-74,699. |
-73,082. |
|
Total Investments |
10,059. |
11,770. |
8,356. |
|
Total Liabilities And Stockholders Equity |
230,098. |
256,402. |
220,609. |
|
Net Income |
17,830. |
8,433. |
10,835. |
|
Depreciation and Amortization |
4,705. |
4,033. |
3,343. |
|
Stock Based Compensation |
00. |
00. |
00. |
|
Deferred Income Tax |
00. |
00. |
00. |
|
Change In Working Capital |
-1,407. |
-13,796. |
-1,486. |
|
Accounts Receivables |
-5,323. |
-4,281. |
245. |
|
Accounts Payables |
-1,415. |
870. |
-2,226. |
|
Net Cash Provided By Operating Activities |
19,320. |
-2,346. |
9,846. |
|
Capital Expenditure |
-3,211. |
-3,956. |
-3,469. |
|
Investments In Property Plant And Equipment |
-2,970. |
-3,956. |
-3,469. |
|
Acquisitions Net |
-528. |
-1,756. |
1,544. |
|
Sales Maturities Of Investments |
20,386. |
25,925. |
17,120. |
|
Purchases Of Investments |
-23,787. |
-19,308. |
-18,927. |
|
Other Investing Activities |
5,171. |
1,044. |
-262. |
|
Net Cash Used For Investing Activities |
-1,728. |
1,949. |
-3,994. |
|
Dividends Paid |
-5,851. |
-6,414. |
-5,275. |
|
Common Stock Repurchased |
-01. |
-8,559. |
-1,004. |
|
Debt Repayment |
-4,566. |
5,392. |
-428. |
|
Other Financing Activities |
-1,347. |
-1,089. |
187. |
|
Net Cash Used Provided By Financing Activities |
-11,765. |
-10,670. |
-6,520. |
|
Effect Of Forex Changes On Cash |
1,697. |
3,279. |
3,870. |
|
Net Change In Cash |
7,524. |
-7,579. |
3,202. |
|
Free Cash Flow |
14,287. |
-6,302. |
6,377. |
|
Operating Cash Flow |
17,498. |
-2,346. |
9,846. |
|
Cash At End Of Period |
38,987. |
31,463. |
39,042. |
SWOT
Strength:
Revenue Growth
The company recorded a strong revenue growth over the past few years. Fujitec Co., Ltd. recorded revenues of JPY229401.00 million for the year FY2024, an increase of 10.5% over FY2023. Moreover, the company has been performing consistently over the past few years. Its revenue grew at a five-year CAGR of 3.33% and at a 10-year CAGR of 4.83%. The strong operating performance could improve its long-term growth prospects and have a positive impact on investor confidence. Financial performance is a subjective measure of how well a firm can use assets from its primary mode of business and generate revenues. The term is also used as a general measure of a firm's overall financial health over a given period.
Net Income Per Share
The company recorded strong net income per share over the past few years. In FY2024, Fujitec Co., Ltd. recorded net income per share of 228.55. Moreover, the company has been focusing on its net income per share consistently over the past few years. Its net income per share was 106.66, and 133.41 in FY2023 and FY2022, respectively. EPS indicates how much money a company makes for each share of its stock and is a widely used metric for estimating corporate value. A higher EPS indicates greater value because investors will pay more for a company's shares if they think the company has higher profits relative to its share price.
Current Ratio
The company recorded strong current ratio over the past few years. In FY2024, Fujitec Co., Ltd. recorded current ratio of 2.26. Moreover, the company has been focusing on its current ratio consistently over the past few years. Its current ratio was 1.99, and 2.19 in FY2023 and FY2022, respectively. Current Ratio is a financial ratio that measures a company's ability to pay off its short-term debt obligations with its current assets. It is calculated by dividing a company's current assets by its current liabilities. This ratio is useful for investors as it provides insight into a company's short-term liquidity and ability to meet its immediate debt obligations. A higher current ratio suggests that a company may be better able to meet its short-term debt obligations, while a lower current ratio may indicate that a company is more likely to face liquidity issues. A ratio above 1 is generally considered good, while a ratio below 0.5 may be seen as poor.
Weakness:
Pe Ratio
The company's PE ratio declined during the past few years. In FY2024, Fujitec Co., Ltd. recorded PE ratio of 16.57. Moreover, the company's PE ratio has been declining consistently during the past few years. For instance, its PE ratio was 30.80 and 23.61 in FY2023 and FY2022, respectively. P/E ratios are used by investors and analysts to determine the relative value of a company's shares over time or in comparison with peers. A high P/E ratio could mean that a company's stock is overvalued, or that investors are expecting high growth rates in the future.
Income Quality
Fujitec Co., Ltd. recorded weak income quality during the past few years. In FY2024, the company recorded income quality of 0.73. Moreover, the company's income quality has been constantly declining. Its income quality were -0.19 and 0.61 in FY2023 and FY2022, respectively. Income Quality is a financial ratio that measures a company's earnings quality by comparing its cash flow from operations to its net income. A higher income quality ratio suggests that a company's earnings are of higher quality, meaning they are more sustainable and less likely to be manipulated. A lower income quality ratio may indicate that a company's earnings may be of lower quality and may be more subject to manipulation or may not be sustainable.
Dividend Yield
The company's dividend yield declined during the past few years. In FY2024, Fujitec Co., Ltd. recorded dividend yield of 0.02. Moreover, the company's dividend yield has been declining consistently during the past few years. For instance, its dividend yield was 0.02 and 0.02 in FY2023 and FY2022, respectively. Dividend Yield is a financial ratio that measures a company's annual dividend payments relative to its stock price. It is calculated by dividing a company's annual dividend per share by its current stock price per share. This ratio is useful for investors who are interested in generating income from their investments. A higher dividend yield suggests that a company may be a good investment for income-seeking investors, while a lower dividend yield may indicate that a company is not prioritizing its dividend payments. The appropriate dividend yield varies depending on the investor's investment objectives and the industry in which the company operates.
Opportunities:
Rising demand for high-capacity vertical movement systems
Warehouse operators are expanding floor space and need equipment that can handle heavier loads with steady performance. This environment opens room for Fujitec to offer larger lift platforms, stronger drive systems, and dependable control units suited for industrial settings.Fujitec can strengthen its position by tailoring durable, high-capacity solutions for modern warehouses.
Adoption of automation and smart warehouse layouts
Many logistics companies are introducing automated storage and retrieval systems. These sites require elevators that link smoothly with sensors, tracking modules, and fleet management software. Fujitec already has experience in intelligent lift systems and can extend this knowledge to freight units.Integration-ready elevators can give Fujitec a clear opening in advanced warehouse projects.
Threats
Strong rivalry from specialized industrial lift manufacturers
Several firms focus solely on freight lifts and platform hoists built for rough environments. Their products are often cheaper and designed with very specific warehouse functions in mind. This level of specialization may limit Fujitec’s reach if buyers prefer industry-focused brands. Competitive pressure from niche suppliers can restrict market share if Fujitec does not match their functional depth.
Pressure from rising steel and component costs
Freight elevators require reinforced structures, heavy-duty motors, and safety systems. Any jump in steel or electrical component prices can raise production costs and narrow margins. Prolonged volatility may influence customer budgets and postpone warehouse investments.
Cost swings in key materials can weigh on Fujitec’s pricing strategy and slow order growth.
.
Key Companies:
Otis Elevator Company (US)
Thyssenkrupp AG (DE)
Kone Corporation (FI)
Schindler Group (CH)
Mitsubishi Electric Corporation (JP)
Hitachi Ltd. (JP)
Toshiba Elevator and Building Systems Corporation (JP)
Alimak Group AB (SE)
Dover Corporation (US)
.
.
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