Financials Medtronic plc

Equities

MDT

IE00BTN1Y115

Medical Equipment, Supplies & Distribution

Market Closed - Nyse Other stock markets 02:30:02 05/12/2025 am IST			5-day change	1st Jan Change
101.99 ^USD	+0.02%		-2.89%	+27.68%

05/12	Medtronic Keeps Quarterly Dividend at $0.71 per Share, Payable Jan. 16 to Holders of Record on Dec. 26	MT
05/12	Medtronic plc Approves Cash Dividend for Third Quarter of Fiscal Year 2026, Payable on January 16, 2026	CI

Projected Income Statement: Medtronic plc

Fiscal Period: April	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	30,117	31,686	31,227	32,364	33,537	36,058	38,140	40,132
Change	-	5.21%	-1.45%	3.64%	3.62%	7.52%	5.77%	5.22%
EBITDA ¹	8,096	9,830	9,294	9,226	9,702	10,230	11,053	11,896
Change	-	21.42%	-5.45%	-0.73%	5.16%	5.44%	8.04%	7.64%
EBIT ¹	7,177	8,856	8,295	8,272	8,648	9,049	9,791	10,393
Change	-	23.39%	-6.33%	-0.28%	4.55%	4.64%	8.19%	6.15%
Interest Paid ¹	-925	-553	-636	-719	-729	-723.8	-691.4	-655.9
Earnings before Tax (EBT) ¹	3,895	5,517	5,364	4,837	5,628	6,580	7,627	8,418
Change	-	41.64%	-2.77%	-9.82%	16.35%	16.91%	15.91%	10.37%
Net income ¹	3,606	5,039	3,758	3,676	4,662	5,396	6,042	6,574
Change	-	39.74%	-25.42%	-2.18%	26.82%	15.74%	11.98%	8.8%
Announcement Date	27/05/21	26/05/22	25/05/23	23/05/24	21/05/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: April	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	2027 Q2	2027 Q3	2027 Q4	2028 Q1	2028 Q2
Net sales ¹	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	8,403	8,292	8,927	8,539	8,961	8,892	9,632	9,056	9,427	9,382	10,170	9,453	9,933
Change	-	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%	6.17%	-1.32%	7.66%	-4.35%	4.94%	-0.77%	8.32%	-5.98%	4.1%	-0.47%	8.4%	-7.06%	5.09%
EBITDA ¹	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	2,303	2,437	2,762	2,305	2,444	2,422	3,013	2,458	2,617	2,680	3,229	2,699	2,778
Change	-	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%	4.63%	5.82%	13.34%	-16.55%	6.03%	-0.9%	24.39%	-18.42%	6.47%	2.43%	20.48%	-16.43%	2.92%
EBIT ¹	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	2,041	2,169	2,486	2,016	2,162	2,127	2,741	2,189	2,351	2,365	2,894	2,369	2,531
Change	-	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%	4.51%	6.27%	14.62%	-18.91%	7.24%	-1.62%	28.88%	-20.15%	7.38%	0.63%	22.36%	-18.15%	6.85%
Charge d'intérêts ¹	-143	-142	-137	-136	-137	-143	-164	-118	-167	-187	-148	-180	-188	-202	-167	-209	-179	-174	-176	-181	-184.7	-182.4	-179	-177.5	-175.2	-172.2	-183.5	-182
Earnings before Tax (EBT) ¹	-	-	833	-	1,589	1,602	1,044	1,395	1,375	1,551	1,196	1,313	1,472	856	1,268	1,559	1,540	1,261	1,302	1,597	1,483	2,103	1,538	1,802	1,640	2,185	1,698	1,973
Change	-	-	-	-	-	0.82%	-34.83%	33.62%	-1.43%	12.8%	-22.89%	9.78%	12.11%	-41.85%	48.13%	22.95%	-1.22%	-18.12%	3.25%	22.66%	-7.14%	41.81%	-26.87%	17.17%	-8.99%	33.23%	-22.29%	16.2%
Net income ¹	1,270	1,361	763	1,311	1,480	1,485	929	427	1,222	1,179	791	909	1,322	654	1,042	1,270	1,294	1,057	1,040	1,374	1,299	1,740	1,268	1,426	1,446	1,858	1,402	1,546
Change	-	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%	21.88%	1.89%	-18.32%	-1.61%	32.12%	-5.45%	33.97%	-27.14%	12.42%	1.44%	28.44%	-24.51%	10.27%
Announcement Date	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	19/11/24	18/02/25	21/05/25	19/08/25	18/11/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Medtronic plc

Fiscal Period: April	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	22,796	20,400	22,821	23,740	26,298	22,660	20,621	18,149
Change	-	-10.51%	11.87%	4.03%	10.78%	-13.83%	-9%	-11.99%
Announcement Date	27/05/21	26/05/22	25/05/23	23/05/24	21/05/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Medtronic plc

Fiscal Period: April	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	1,355	1,368	1,459	1,587	1,859	1,876	1,951	2,021
Change	-	0.96%	6.65%	8.77%	17.14%	0.93%	4.01%	3.55%
Free Cash Flow (FCF) ¹	4,885	5,978	4,580	5,200	5,185	5,833	6,614	7,266
Change	-	22.37%	-23.39%	13.54%	-0.29%	12.49%	13.39%	9.87%
Announcement Date	27/05/21	26/05/22	25/05/23	23/05/24	21/05/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Medtronic plc

Fiscal Period: April	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	26.88%	31.02%	29.76%	28.51%	28.93%	28.37%	28.98%	29.64%
EBIT Margin (%)	23.83%	27.95%	26.56%	25.56%	25.79%	25.1%	25.67%	25.9%
EBT Margin (%)	12.93%	17.41%	17.18%	14.95%	16.78%	18.25%	20%	20.98%
Net margin (%)	11.97%	15.9%	12.03%	11.36%	13.9%	14.96%	15.84%	16.38%
FCF margin (%)	16.22%	18.87%	14.67%	16.07%	15.46%	16.18%	17.34%	18.11%
FCF / Net Income (%)	135.47%	118.63%	121.87%	141.46%	111.22%	108.1%	109.46%	110.54%
Profitability
ROA	6.54%	5.48%	7.74%	7.65%	7.79%	6.78%	7.38%	7.75%
ROE	11.76%	14.44%	13.54%	13.61%	14.41%	15.05%	15.85%	16.32%
Financial Health
Leverage (Debt/EBITDA)	2.82x	2.08x	2.46x	2.57x	2.71x	2.22x	1.87x	1.53x
Debt / Free cash flow	4.67x	3.41x	4.98x	4.57x	5.07x	3.89x	3.12x	2.5x
Capital Intensity
CAPEX / Current Assets (%)	4.5%	4.32%	4.67%	4.9%	5.54%	5.2%	5.12%	5.04%
CAPEX / EBITDA (%)	16.74%	13.92%	15.7%	17.2%	19.16%	18.34%	17.66%	16.99%
CAPEX / FCF (%)	27.74%	22.88%	31.86%	30.52%	35.85%	32.17%	29.51%	27.81%
Items per share
Cash flow per share ¹	4.609	5.436	4.531	5.102	5.461	6.375	7.468	8.295
Change	-	17.95%	-16.64%	12.6%	7.03%	16.74%	17.14%	11.08%
Dividend per Share ¹	2.32	2.72	2.72	2.8	2.8	2.844	2.966	3.063
Change	-	17.24%	0%	2.94%	0%	1.56%	4.31%	3.25%
Book Value Per Share ¹	38.23	39.49	38.69	38.29	36.62	38.16	39.73	41.68
Change	-	3.31%	-2.04%	-1.02%	-4.36%	4.19%	4.13%	4.9%
EPS ¹	2.66	3.73	2.82	2.76	3.61	4.342	4.736	5.19
Change	-	40.23%	-24.4%	-2.13%	30.8%	20.29%	9.06%	9.59%
Nbr of stocks (in thousands)	13,48,073	13,41,539	13,30,424	13,27,823	12,82,544	12,82,014	12,82,014	12,82,014
Announcement Date	27/05/21	26/05/22	25/05/23	23/05/24	21/05/25	-	-	-