Projected Income Statement: Henkel AG & Co. KGaA

Forecast Balance Sheet: Henkel AG & Co. KGaA

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,045 1,475 1,036 1,819 318 -103 -1,178 -2,232
Change - -27.87% -29.76% 75.58% -82.52% -132.39% -1,243.69% -289.47%
Announcement Date 05/03/20 04/03/21 23/02/22 07/03/23 04/03/24 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Henkel AG & Co. KGaA

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
CAPEX 1 677 715 624 593 608 689.8 706.8 721.7
Change - 5.61% -12.73% -4.97% 2.53% 13.46% 2.46% 2.11%
Free Cash Flow (FCF) 1 2,564 2,365 1,478 654 2,647 2,091 2,214 2,364
Change - -7.76% -37.51% -55.75% 304.74% -20.99% 5.85% 6.77%
Announcement Date 05/03/20 04/03/21 23/02/22 07/03/23 04/03/24 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Henkel AG & Co. KGaA

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026

Profitability

        
EBITDA Margin (%) 19.77% 19.09% 16.92% 12.3% 16.15% 17.88% 18.23% 18.43%
EBIT Margin (%) 16.01% 13.4% 13.39% 9.91% 11.88% 14.36% 14.77% 15.08%
EBT Margin (%) 13.98% 10% 10.71% 7.22% 8.78% 12.79% 13.44% 13.64%
Net margin (%) 10.37% 7.31% 8.14% 5.38% 6.13% 9.38% 9.86% 10.07%
FCF margin (%) 12.75% 12.29% 7.37% 2.8% 12.3% 9.68% 9.91% 10.3%
FCF / Net Income (%) 122.97% 167.97% 90.45% 51.95% 200.83% 103.13% 100.54% 102.29%

Profitability

        
ROA 7.05% 4.57% 5.2% 5.05% 4.06% 6.75% 7.28% 7.53%
ROE 12.4% 7.6% 9.1% 6.3% 6.6% 10.73% 11.01% 11.03%

Financial Health

        
Leverage (Debt/EBITDA) 0.51x 0.4x 0.31x 0.63x 0.09x - - -
Debt / Free cash flow 0.8x 0.62x 0.7x 2.78x 0.12x - - -

Capital Intensity

        
CAPEX / Current Assets (%) 3.37% 3.71% 3.11% 2.53% 2.83% 3.19% 3.16% 3.14%
CAPEX / EBITDA (%) 17.02% 19.46% 18.38% 20.6% 17.5% 17.85% 17.36% 17.06%
CAPEX / FCF (%) 26.4% 30.23% 42.22% 90.67% 22.97% 32.98% 31.93% 30.54%

Items per share

        
Cash flow per share 1 7.477 7.092 4.93 2.911 - 6.119 6.86 6.947
Change - -5.14% -30.49% -40.96% - - 12.11% 1.27%
Dividend per Share 1 1.85 1.85 1.83 1.85 1.85 1.966 2.074 2.183
Change - 0% -1.08% 1.09% 0% 6.27% 5.48% 5.29%
Book Value Per Share 1 42.73 40.94 45.4 47.58 - 49.2 52.72 55.7
Change - -4.2% 10.9% 4.81% - - 7.15% 5.67%
EPS 1 4.81 3.25 3.78 2.95 3.15 4.879 5.306 5.585
Change - -32.43% 16.31% -21.96% 6.78% 54.89% 8.74% 5.27%
Nbr of stocks (in thousands) 434,278 434,143 434,032 426,105 422,091 419,327 419,327 419,327
Announcement Date 05/03/20 04/03/21 23/02/22 07/03/23 04/03/24 - - -
1EUR
Estimates
2024 *2025 *
P/E ratio 17.3x 15.9x
PBR 1.72x 1.6x
EV / Sales 1.51x 1.42x
Yield 2.33% 2.45%
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
19
Last Close Price
84.52EUR
Average target price
86.89EUR
Spread / Average Target
+2.81%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. HEN3 Stock
  4. Financials Henkel AG & Co. KGaA