Financials Kimberly-Clark Corporation Xetra

Equities

KMY

US4943681035

Personal Products

Market Closed - Xetra Other stock markets 09:05:50 27/06/2024 pm IST			After market 11:00:23 pm
130.1 ^EUR	-0.11%		129.8	-0.21%

26/06	Empresa De Envases Papeles Y Cartones S.A. acquired Assets in Bolivia from Kimberly-Clark Corporation.	CI
24/06	BNP Paribas Exane Initiates Kimberly-Clark at Underperform With $130 Price Target	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	47,153	45,861	48,124	45,815	41,063	46,860	-	-
Enterprise Value (EV) ¹	54,458	53,922	56,454	54,068	47,980	53,532	53,355	53,125
P/E ratio	22 x	19.6 x	26.7 x	23.7 x	23.3 x	21 x	19.5 x	18.3 x
Yield	3%	3.17%	3.19%	3.42%	3.88%	3.51%	3.63%	3.81%
Capitalization / Revenue	2.56 x	2.4 x	2.48 x	2.27 x	2.01 x	2.3 x	2.26 x	2.19 x
EV / Revenue	2.95 x	2.82 x	2.9 x	2.68 x	2.35 x	2.62 x	2.57 x	2.49 x
EV / EBITDA	13 x	12.3 x	15.7 x	16 x	12.9 x	13.4 x	12.8 x	12.1 x
EV / FCF	35.7 x	21.5 x	32.8 x	21.3 x	17.3 x	23.4 x	20.8 x	20.2 x
FCF Yield	2.8%	4.66%	3.05%	4.69%	5.79%	4.28%	4.82%	4.94%
Price to Book	-1,422 x	73 x	93.6 x	83.8 x	38.3 x	37.1 x	30.8 x	21.3 x
Nbr of stocks (in thousands)	3,42,806	3,40,137	3,36,717	3,37,492	3,37,941	3,36,709	-	-
Reference price ²	137.6	134.8	142.9	135.8	121.5	139.2	139.2	139.2
Announcement Date	23/01/20	25/01/21	26/01/22	25/01/23	24/01/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	18,450	19,140	19,440	20,175	20,431	20,415	20,763	21,355
EBITDA ¹	4,198	4,378	3,602	3,371	3,711	4,003	4,162	4,374
EBIT ¹	3,281	3,582	2,836	2,617	2,958	3,224	3,344	3,509
Operating Margin	17.78%	18.71%	14.59%	12.97%	14.48%	15.79%	16.1%	16.43%
Earnings before Tax (EBT) ¹	2,650	2,930	2,225	2,340	2,021	2,888	3,016	3,178
Net income ¹	2,157	2,352	1,814	1,934	1,764	2,252	2,369	2,522
Net margin	11.69%	12.29%	9.33%	9.59%	8.63%	11.03%	11.41%	11.81%
EPS ²	6.240	6.870	5.350	5.720	5.210	6.631	7.123	7.588
Free Cash Flow ¹	1,527	2,512	1,723	2,536	2,776	2,291	2,570	2,624
FCF margin	8.28%	13.12%	8.86%	12.57%	13.59%	11.22%	12.38%	12.29%
FCF Conversion (EBITDA)	36.37%	57.38%	47.83%	75.23%	74.8%	57.23%	61.76%	60%
FCF Conversion (Net income)	70.79%	106.8%	94.98%	131.13%	157.37%	101.7%	108.51%	104.07%
Dividend per Share ²	4.120	4.280	4.560	4.640	4.720	4.881	5.052	5.305
Announcement Date	23/01/20	25/01/21	26/01/22	25/01/23	24/01/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	4,965	5,095	5,063	5,053	4,964	5,195	5,134	5,132	4,970	5,149	5,104	5,128	5,020	5,183	5,176
EBITDA ¹	805	817	813	853	898	975	916	963	857	1,083	967.3	1,006	927.9	1,114	1,013
EBIT ¹	611	629	621	665	712	787	727	774	670	898	774.2	806.6	730.1	903.5	804.8
Operating Margin	12.31%	12.35%	12.27%	13.16%	14.34%	15.15%	14.16%	15.08%	13.48%	17.44%	15.17%	15.73%	14.55%	17.43%	15.55%
Earnings before Tax (EBT) ¹	444	626	527	568	619	705	4	698	614	781	690.4	723.1	640.9	802	764
Net income ¹	357	523	437	467	507	566	102	587	509	647	575.2	603.4	540.2	696.5	626
Net margin	7.19%	10.26%	8.63%	9.24%	10.21%	10.9%	1.99%	11.44%	10.24%	12.57%	11.27%	11.77%	10.76%	13.44%	12.09%
EPS ²	1.060	1.550	1.290	1.380	1.500	1.670	0.3000	1.730	1.500	1.910	1.665	1.775	1.605	2.080	1.860
Dividend per Share ²	1.140	1.160	1.160	1.160	1.160	1.180	1.180	1.180	1.180	1.220	1.220	1.220	1.220	1.249	1.270
Announcement Date	26/01/22	22/04/22	26/07/22	25/10/22	25/01/23	25/04/23	25/07/23	24/10/23	24/01/24	23/04/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	7,305	8,061	8,330	8,253	6,917	6,672	6,495	6,266
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.74 x	1.841 x	2.313 x	2.448 x	1.864 x	1.667 x	1.561 x	1.432 x
Free Cash Flow ¹	1,527	2,512	1,723	2,536	2,776	2,291	2,570	2,624
ROE (net income / shareholders' equity)	-	894%	318%	359%	305%	213%	183%	136%
ROA (Net income/ Total Assets)	14.5%	16.2%	11.8%	10.6%	12.6%	13.5%	13.6%	14.6%
Assets ¹	14,901	14,553	15,309	18,177	13,986	16,671	17,396	17,277
Book Value Per Share ²	-0.1000	1.850	1.530	1.620	3.170	3.750	4.520	6.530
Cash Flow per Share ²	7.920	10.90	8.060	8.080	10.50	9.060	10.10	10.40
Capex ¹	1,209	1,217	1,007	876	766	818	854	913
Capex / Sales	6.55%	6.36%	5.18%	4.34%	3.75%	4.01%	4.11%	4.28%
Announcement Date	23/01/20	25/01/21	26/01/22	25/01/23	24/01/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Kimberly-Clark Corporation

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

139.2 USD

Average target price

144.9 USD

Spread / Average Target

+4.11%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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