Forecast Of The Day: Johnson Controls Asia Pacific Building Solutions Revenue

+36.11%
Upside
51.72
Market
70.40
Trefis
JCI: Johnson Controls logo
JCI
Johnson Controls

What?

Johnson Controls (NYSE:JCI) Building Solutions Revenue from the Asia Pacific region declined from around $2.7 billion in 2019 to about $2.4 billion in 2020. Trefis expects the metric to recover to about $2.9 billion in 2022 while growing to over $3.1 billion by 2023.

Why?

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While sales fell in 2020 due to the impact of the Covid-19 pandemic, we expect long-term growth to be driven by rising residential as well as non-residential construction spending, and growing urbanization in the region.

So What?

We estimate Johnson Controls valuation at about $83 per share, about 14% ahead of the current market price. This represents a P/EBITDA multiple of 22x for the company based on our forecast for Johnson Controls EBITDA for the current fiscal year.

See Our Complete Analysis For Johnson Controls

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Returns Jan 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 JCI Return -11% -11% 77%
 S&P 500 Return -6% -6% 100%
 Trefis MS Portfolio Return -11% -11% 249%

[1] Month-to-date and year-to-date as of 1/23/2022
[2] Cumulative total returns since the end of 2016

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