Financials Emerson Electric Co.

Equities

EMR

US2910111044

Electrical Components & Equipment

Market Closed - Nyse 21:00:02 02/05/2024 BST 5-day change 1st Jan Change
106.4 USD -0.04% Intraday chart for Emerson Electric Co. -2.91% +9.33%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 41,126 39,184 56,313 43,295 55,190 60,835 - -
Enterprise Value (EV) 1 45,353 43,355 60,624 51,865 55,296 68,459 67,248 66,301
P/E ratio 18 x 20.2 x 24.7 x 13.5 x 26 x 32.6 x 24.4 x 22 x
Yield 2.92% 3.05% 2.14% 2.81% 2.15% 2% 2.05% 2.14%
Capitalization / Revenue 2.24 x 2.33 x 3.09 x 2.21 x 3.64 x 3.46 x 3.28 x 3.12 x
EV / Revenue 2.47 x 2.58 x 3.32 x 2.64 x 3.65 x 3.89 x 3.63 x 3.4 x
EV / EBITDA 11.8 x 13 x 15 x 11.8 x 14.1 x 15.4 x 13.8 x 12.9 x
EV / FCF 19.7 x 17 x 20.2 x 21.7 x 202 x 25.8 x 19.9 x 17.1 x
FCF Yield 5.07% 5.87% 4.94% 4.61% 0.5% 3.87% 5.02% 5.84%
Price to Book 5.09 x 4.71 x 5.71 x 2.68 x 2.18 x 2.9 x 2.83 x 2.73 x
Nbr of stocks (in thousands) 615,101 597,592 597,800 591,300 571,500 571,700 - -
Reference price 2 66.86 65.57 94.20 73.22 96.57 106.4 106.4 106.4
Announcement Date 05/11/19 03/11/20 03/11/21 31/10/22 07/11/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 18,372 16,785 18,236 19,629 15,165 17,596 18,534 19,507
EBITDA 1 3,855 3,345 4,035 4,378 3,929 4,452 4,874 5,141
EBIT 1 3,033 2,491 3,066 3,339 2,878 3,309 3,965 4,103
Operating Margin 16.51% 14.84% 16.81% 17.01% 18.98% 18.81% 21.39% 21.03%
Earnings before Tax (EBT) 1 2,859 2,335 2,912 4,085 2,726 2,343 3,241 3,597
Net income 1 2,306 1,965 2,303 3,231 2,152 1,814 2,463 2,714
Net margin 12.55% 11.71% 12.63% 16.46% 14.19% 10.31% 13.29% 13.91%
EPS 2 3.710 3.240 3.820 5.410 3.720 3.264 4.355 4.847
Free Cash Flow 1 2,298 2,545 2,994 2,391 274 2,652 3,375 3,874
FCF margin 12.51% 15.16% 16.42% 12.18% 1.81% 15.07% 18.21% 19.86%
FCF Conversion (EBITDA) 59.61% 76.08% 74.2% 54.61% 6.97% 59.57% 69.23% 75.37%
FCF Conversion (Net income) 99.65% 129.52% 130% 74% 12.73% 146.19% 137.03% 142.77%
Dividend per Share 2 1.955 2.000 2.020 2.060 2.080 2.124 2.179 2.278
Announcement Date 05/11/19 03/11/20 03/11/21 31/10/22 07/11/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September 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 4,947 4,473 4,791 5,005 5,360 3,373 3,756 3,946 4,090 4,117 4,290 4,498 4,717 4,347 4,477
EBITDA 1 1,116 991 1,084 1,032 1,271 1,760 955 1,018 1,087 975 1,074 1,227 1,258 1,084 1,100
EBIT 1 867 760 863 762 954 1,500 692 761 816 553 810.6 973.9 1,033 785.6 826
Operating Margin 17.53% 16.99% 18.01% 15.22% 17.8% 44.47% 18.42% 19.29% 19.95% 13.43% 18.9% 21.65% 21.89% 18.07% 18.45%
Earnings before Tax (EBT) 1 828 1,175 811 1,195 904 422 639 761 904 139 542.7 720.6 741.4 686.5 708.1
Net income 1 670 896 674 921 740 329 530 592 744 142 415.2 542.1 569.6 510.8 522.4
Net margin 13.54% 20.03% 14.07% 18.4% 13.81% 9.75% 14.11% 15% 18.19% 3.45% 9.68% 12.05% 12.08% 11.75% 11.67%
EPS 2 1.110 1.500 1.130 1.540 1.240 0.5600 0.9200 1.030 1.290 0.2500 0.7808 0.9792 1.105 0.8981 0.9188
Dividend per Share 2 0.5050 0.5150 0.5150 0.5150 0.5150 0.5200 0.5200 0.5200 0.5200 0.5250 0.5341 0.5322 0.5325 0.5840 0.5518
Announcement Date 03/11/21 02/02/22 04/05/22 09/08/22 31/10/22 08/02/23 03/05/23 02/08/23 07/11/23 07/02/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,227 4,171 4,311 8,570 106 7,625 6,414 5,467
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.096 x 1.247 x 1.068 x 1.958 x 0.027 x 1.713 x 1.316 x 1.063 x
Free Cash Flow 1 2,298 2,545 2,994 2,391 274 2,652 3,375 3,874
ROE (net income / shareholders' equity) 26.7% 23.5% 25.1% 31.9% 13.9% 13.1% 17.5% 22%
ROA (Net income/ Total Assets) 11.3% 9.06% 9.68% 10.7% 33.7% 5.35% 5.92% 5.78%
Assets 1 20,443 21,689 23,799 30,193 6,383 33,880 41,616 46,951
Book Value Per Share 2 13.10 13.90 16.50 27.40 44.20 36.60 37.60 39.00
Cash Flow per Share 2 4.840 5.080 5.940 4.900 1.100 5.500 6.680 7.480
Capex 1 594 538 581 531 363 404 436 494
Capex / Sales 3.23% 3.21% 3.19% 2.71% 2.39% 2.3% 2.35% 2.53%
Announcement Date 05/11/19 03/11/20 03/11/21 31/10/22 07/11/23 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
23
Last Close Price
106.4 USD
Average target price
124.6 USD
Spread / Average Target
+17.05%
Consensus
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