Does Carrier Global (CARR) Look Cheap After Its $433M Plant Plan?

Carrier Global has delivered a 21.5% gain over the past 3 years, yet its latest moves and investment plans raise a fresh question about whether today’s share price is well supported by the cash the business can generate. With the stock last closing at US$56.17, the issue for investors is how that price lines up against an intrinsic value estimate built from its future cash flows. The 21.5% return over 3 years puts real weight on whether Carrier Global’s current valuation is anchored by the...