Financials Medtronic plc

Equities

MDT

IE00BTN1Y115

Medical Equipment, Supplies & Distribution

Market Closed - Nyse Other stock markets 01:30:02 10/09/2024 am IST			5-day change	1st Jan Change
90.62 ^USD	+0.81%		+2.30%	+10.00%

04/09	Transcript : Medtronic plc Presents at Wells Fargo 2024 Healthcare Conference, Sep-04-2024 11:55 AM
27/08	Tranche Update on Medtronic plc's Equity Buyback Plan announced on June 23, 2017.	CI

Projected Income Statement: Medtronic plc

Fiscal Period: April	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	28,913	30,117	31,686	31,227	32,364	33,575	35,166	36,891
Change	-	4.16%	5.21%	-1.45%	3.64%	3.74%	4.74%	4.91%
EBITDA ¹	8,472	8,096	9,830	9,294	9,226	9,699	10,383	11,084
Change	-	-4.44%	21.42%	-5.45%	-0.73%	5.12%	7.06%	6.75%
EBIT ¹	7,565	7,177	8,856	8,295	8,272	8,656	9,218	9,801
Change	-	-5.13%	23.39%	-6.33%	-0.28%	4.64%	6.49%	6.33%
Interest Paid ¹	-1,092	-925	-553	-636	-719	-695.5	-682.2	-651.2
Earnings before Tax (EBT) ¹	4,055	3,895	5,517	5,364	4,837	6,384	7,180	7,957
Change	-	-3.95%	41.64%	-2.77%	-9.82%	31.99%	12.46%	10.82%
Net income ¹	4,789	3,606	5,039	3,758	3,676	5,145	5,653	6,068
Change	-	-24.7%	39.74%	-25.42%	-2.18%	39.95%	9.89%	7.35%
Announcement Date	21/05/20	27/05/21	26/05/22	25/05/23	23/05/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: April	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	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	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	7,706	7,717	5,998	6,507	7,647	7,775	8,188	7,987	7,847	7,763	8,089	7,371	7,585	7,727	8,544	7,702	7,984	8,089	8,589	7,915	8,267	8,407	8,949	8,346	8,653	8,814	9,357	8,725
Change	-	0.14%	-22.28%	8.49%	17.52%	1.67%	5.31%	-2.45%	-1.75%	-1.07%	4.2%	-8.88%	2.9%	1.87%	10.57%	-9.85%	3.66%	1.32%	6.18%	-7.85%	4.45%	1.69%	6.45%	-6.73%	3.68%	1.86%	6.16%	-6.76%
EBITDA ¹	2,395	2,548	1,196	1,305	1,930	2,293	2,571	2,493	2,361	2,421	2,655	2,010	2,275	2,255	2,768	2,152	2,256	2,272	2,546	2,201	2,256	2,435	2,781	2,330	2,430	2,598	2,945	2,395
Change	-	6.39%	-53.06%	9.11%	47.89%	18.81%	12.12%	-3.03%	-5.29%	2.54%	9.67%	-24.29%	13.18%	-0.88%	22.75%	-22.25%	4.83%	0.71%	12.06%	-13.55%	2.52%	7.91%	14.21%	-16.2%	4.27%	6.92%	13.35%	-18.65%
EBIT ¹	2,165	2,321	963	1,076	1,702	2,068	2,333	2,258	2,116	2,181	2,402	1,765	2,020	1,998	2,512	1,909	2,009	2,042	2,311	1,953	2,009	2,177	2,529	2,109	2,186	2,304	2,602	2,170
Change	-	7.21%	-58.51%	11.73%	58.18%	21.5%	12.81%	-3.21%	-6.29%	3.07%	10.13%	-26.52%	14.45%	-1.09%	25.73%	-24%	5.24%	1.64%	13.17%	-15.49%	2.86%	8.35%	16.2%	-16.61%	3.65%	5.39%	12.97%	-16.6%
Charge d'intérêts ¹	-165	-156	-162	-171	-470	-143	-142	-137	-136	-137	-143	-164	-118	-167	-187	-148	-180	-188	-202	-167	-179.8	-178.4	-177.1	-164.5	-163.2	-161.5	-159.8	-167
Earnings before Tax (EBT) ¹	-	1,579	206	-	-	-	-	833	-	1,589	1,602	1,044	1,395	1,375	1,551	1,196	1,313	1,472	856	1,268	1,449	1,622	1,945	1,431	1,585	1,635	1,958	1,537
Change	-	-	-86.95%	-100%	-	-	-	-	-100%	-	0.82%	-34.83%	33.62%	-1.43%	12.8%	-22.89%	9.78%	12.11%	-41.85%	48.13%	14.29%	11.89%	19.93%	-26.41%	10.76%	3.15%	19.76%	-21.5%
Net income ¹	1,364	1,915	646	487	489	1,270	1,361	763	1,311	1,480	1,485	929	427	1,222	1,179	791	909	1,322	654	1,042	1,171	1,322	1,579	1,258	1,332	1,453	1,732	1,264
Change	-	40.4%	-66.27%	-24.61%	0.41%	159.71%	7.17%	-43.94%	71.82%	12.89%	0.34%	-37.44%	-54.04%	186.18%	-3.52%	-32.91%	14.92%	45.43%	-50.53%	59.33%	12.37%	12.88%	19.44%	-20.34%	5.9%	9.1%	19.22%	-27.06%
Announcement Date	19/11/19	18/02/20	21/05/20	25/08/20	24/11/20	23/02/21	27/05/21	24/08/21	23/11/21	22/02/22	26/05/22	23/08/22	22/11/22	21/02/23	25/05/23	22/08/23	21/11/23	20/02/24	23/05/24	20/08/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Medtronic plc

Fiscal Period: April	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	20,657	22,796	20,400	22,821	23,740	21,045	19,372	17,346
Change	-	10.35%	-10.51%	11.87%	4.03%	-11.35%	-7.95%	-10.46%
Announcement Date	21/05/20	27/05/21	26/05/22	25/05/23	23/05/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Medtronic plc

Fiscal Period: April	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	1,213	1,355	1,368	1,459	1,587	1,658	1,641	1,645
Change	-	11.71%	0.96%	6.65%	8.77%	4.5%	-1.05%	0.26%
Free Cash Flow (FCF) ¹	6,021	4,885	5,978	4,580	5,200	5,736	6,771	7,454
Change	-	-18.87%	22.37%	-23.39%	13.54%	10.31%	18.04%	10.09%
Announcement Date	21/05/20	27/05/21	26/05/22	25/05/23	23/05/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Medtronic plc

Fiscal Period: April	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	29.3%	26.88%	31.02%	29.76%	28.51%	28.89%	29.53%	30.04%
EBIT Margin (%)	26.16%	23.83%	27.95%	26.56%	25.56%	25.78%	26.21%	26.57%
EBT Margin (%)	14.02%	12.93%	17.41%	17.18%	14.95%	19.01%	20.42%	21.57%
Net margin (%)	16.56%	11.97%	15.9%	12.03%	11.36%	15.32%	16.08%	16.45%
FCF margin (%)	20.82%	16.22%	18.87%	14.67%	16.07%	17.08%	19.25%	20.2%
FCF / Net Income (%)	125.73%	135.47%	118.63%	121.87%	141.46%	111.49%	119.77%	122.83%
Profitability
ROA	6.88%	6.54%	5.48%	7.74%	7.65%	6.78%	7.16%	7.27%
ROE	12.31%	11.76%	14.44%	13.54%	13.61%	14%	14.82%	15.32%
Financial Health
Leverage (Debt/EBITDA)	2.44x	2.82x	2.08x	2.46x	2.57x	2.17x	1.87x	1.57x
Debt / Free cash flow	3.43x	4.67x	3.41x	4.98x	4.57x	3.67x	2.86x	2.33x
Capital Intensity
CAPEX / Current Assets (%)	4.2%	4.5%	4.32%	4.67%	4.9%	4.94%	4.67%	4.46%
CAPEX / EBITDA (%)	14.32%	16.74%	13.92%	15.7%	17.2%	17.1%	15.81%	14.84%
CAPEX / FCF (%)	20.15%	27.74%	22.88%	31.86%	30.52%	28.91%	24.24%	22.07%
Items per share
Cash flow per share ¹	5.347	4.609	5.436	4.531	5.102	6.278	6.732	7.355
Change	-	-13.82%	17.95%	-16.64%	12.6%	23.04%	7.24%	9.25%
Dividend per Share ¹	2.32	2.32	2.72	2.72	2.8	2.808	2.912	2.992
Change	-	0%	17.24%	0%	2.94%	0.27%	3.72%	2.75%
Book Value Per Share ¹	37.84	38.23	39.49	38.69	38.29	38.64	40	41.4
Change	-	1.01%	3.31%	-2.04%	-1.02%	0.91%	3.52%	3.5%
EPS ¹	3.54	2.66	3.73	2.82	2.76	4.028	4.422	4.792
Change	-	-24.86%	40.23%	-24.4%	-2.13%	45.93%	9.78%	8.38%
Nbr of stocks (in thousands)	13,40,166	13,48,073	13,41,539	13,30,424	13,27,823	12,82,490	12,82,490	12,82,490
Announcement Date	21/05/20	27/05/21	26/05/22	25/05/23	23/05/24	-	-	-