ABB Stock Delivers Returns But Upside Limited on Conservative Outlook
-
ABB stock has delivered strong returns over the past 5 years (20% CAGR), but future P/E expansion is unlikely, limiting further upside
-
Partnership with Microsoft to implement AI capabilities across products and services, enabling efficiency gains
-
Conservative revenue growth guidance of 5-7% for 2024, with solid order backlog of $21.6B
-
Valuation suggests limited upside based on DCF analysis; stock trading in-line with industrial peers
-
Management committed to shareholder returns through growing dividend and new $1B share repurchase program