Stock Analysis on Net

Johnson Controls International plc (NYSE:JCI)

This company has been moved to the archive! The financial data has not been updated since May 1, 2024.

Enterprise Value to EBITDA (EV/EBITDA) 

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Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Johnson Controls International plc, EBITDA calculation

US$ in millions

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12 months ended: Sep 30, 2023 Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019 Sep 30, 2018
Net income attributable to Johnson Controls 1,849 1,532 1,637 631 5,674 2,162
Add: Net income attributable to noncontrolling interest 184 191 233 164 213 221
Less: Income from discontinued operations, net of tax 124 4,598
Add: Income tax expense (323) (13) 868 108 (233) 518
Earnings before tax (EBT) 1,710 1,710 2,614 903 1,056 2,901
Add: Interest expense, net of capitalized interest costs 307 225 219 240 335 437
Earnings before interest and tax (EBIT) 2,017 1,935 2,833 1,143 1,391 3,338
Add: Depreciation and amortization 848 830 845 822 825 1,085
Earnings before interest, tax, depreciation and amortization (EBITDA) 2,865 2,765 3,678 1,965 2,216 4,423

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30).

Item Description The company
EBITDA To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. Johnson Controls International plc EBITDA decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.

Enterprise Value to EBITDA Ratio, Current

Johnson Controls International plc, current EV/EBITDA calculation, comparison to benchmarks

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Selected Financial Data (US$ in millions)
Enterprise value (EV) 49,899
Earnings before interest, tax, depreciation and amortization (EBITDA) 2,865
Valuation Ratio
EV/EBITDA 17.42
Benchmarks
EV/EBITDA, Competitors1
Boeing Co. 54.71
Caterpillar Inc. 13.64
Eaton Corp. plc 30.41
GE Aerospace 14.35
Honeywell International Inc. 17.62
Lockheed Martin Corp. 13.67
RTX Corp. 20.35
EV/EBITDA, Sector
Capital Goods 18.04
EV/EBITDA, Industry
Industrials 16.50

Based on: 10-K (reporting date: 2023-09-30).

1 Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.


Enterprise Value to EBITDA Ratio, Historical

Johnson Controls International plc, historical EV/EBITDA calculation, comparison to benchmarks

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Sep 30, 2023 Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019 Sep 30, 2018
Selected Financial Data (US$ in millions)
Enterprise value (EV)1 45,986 53,660 62,765 39,790 38,054 42,897
Earnings before interest, tax, depreciation and amortization (EBITDA)2 2,865 2,765 3,678 1,965 2,216 4,423
Valuation Ratio
EV/EBITDA3 16.05 19.41 17.07 20.25 17.17 9.70
Benchmarks
EV/EBITDA, Competitors4
Boeing Co. 71.32 284.02
Caterpillar Inc. 12.16 13.86 12.43 19.87 9.66
Eaton Corp. plc 24.91 19.18 17.06 22.11 12.86
GE Aerospace 11.06 14.82 95.57 9.35 13.66
Honeywell International Inc. 15.55 18.01 15.57 20.21 14.95
Lockheed Martin Corp. 11.71 14.98 11.97 9.97 14.86
RTX Corp. 16.62 14.92 15.48 41.71 12.60
EV/EBITDA, Sector
Capital Goods 16.03 19.01 19.87 25.02 16.22
EV/EBITDA, Industry
Industrials 15.63 17.07 16.21 26.87 17.56

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30).

1 See details »

2 See details »

3 2023 Calculation
EV/EBITDA = EV ÷ EBITDA
= 45,986 ÷ 2,865 = 16.05

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/EBITDA Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. Johnson Controls International plc EV/EBITDA ratio increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.