Financials Ecolab Inc.

Equities

ECL

US2788651006

Specialty Chemicals

Market Closed - Nyse Other stock markets 04:00:02 2024-12-10 pm EST			5-day change	1st Jan Change
247.05 ^USD	-0.94%		-0.45%	+24.55%

Dec. 03	Beyond Oil Ltd Appoints Jason Hatfield to Lead U.S. Sales	CI
Nov. 25	Ecolab Insider Sold Shares Worth $67,194,910, According to a Recent SEC Filing	MT

Projected Income Statement: Ecolab Inc.

income-statement-evolution-chart ECOLAB-INC

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	14,906	11,790	12,733	14,188	15,320	15,758	16,367	17,262
Change	-	-20.9%	8%	11.42%	7.98%	2.86%	3.86%	5.47%
EBITDA ¹	3,237	2,436	2,642	2,712	3,050	3,583	3,855	4,180
Change	-	-24.74%	8.45%	2.63%	12.47%	17.48%	7.6%	8.42%
EBIT ¹	2,264	1,624	1,799	1,773	2,126	2,625	2,886	3,189
Change	-	-28.29%	10.8%	-1.45%	19.93%	23.48%	9.92%	10.5%
Interest Paid ¹	-191.2	-290.2	-218.3	-243.6	-296.7	-287.7	-262.8	-247.8
Earnings before Tax (EBT) ¹	1,899	1,161	1,414	1,343	1,756	2,691	2,637	2,931
Change	-	-38.84%	21.77%	-5.01%	30.68%	53.29%	-2.01%	11.14%
Net income ¹	1,559	-1,205	1,130	1,092	1,372	2,136	2,072	2,335
Change	-	-	-	-3.38%	25.7%	55.64%	-3.01%	12.72%
Announcement Date	2/18/20	2/16/21	2/15/22	2/14/23	2/13/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	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
Net sales ¹	3,824	3,581	2,686	3,019	3,065	2,885	3,163	3,321	3,365	3,267	3,581	3,669	3,671	3,572	3,852	3,958	3,938	3,752	3,986	3,998	4,004	3,830	4,097	4,184	4,220	4,020	4,339	4,451
Change	-	-6.33%	-25.01%	12.4%	1.55%	-5.88%	9.63%	5%	1.32%	-2.91%	9.61%	2.48%	0.05%	-2.71%	7.85%	2.75%	-0.5%	-4.74%	6.23%	0.32%	0.15%	-4.37%	6.97%	2.13%	0.87%	-4.75%	7.95%	2.56%
EBITDA ¹	881.9	708.3	435	664.9	685.5	545	674.7	731.9	690.7	566.2	665.8	740.7	738.9	613.6	743.7	838	855	782.5	891.9	943.2	948	840.5	977.1	1,027	1,028	786.9	1,055	1,129
Change	-	-19.68%	-38.59%	52.85%	3.1%	-20.5%	23.8%	8.48%	-5.63%	-18.03%	17.59%	11.25%	-0.24%	-16.96%	21.2%	12.68%	2.03%	-8.48%	13.98%	5.75%	0.51%	-11.34%	16.24%	5.09%	0.16%	-23.49%	34.04%	7.09%
EBIT ¹	637.1	458.7	288.4	455.9	478	329.7	469.1	525	475.1	331.5	431.1	507.9	502.4	379.3	513.8	608.6	624.5	547.7	656.9	713.1	701.3	599.5	724.3	774.5	778.6	663.8	818.2	885.1
Change	-	-28%	-37.13%	58.08%	4.85%	-31.03%	42.28%	11.92%	-9.5%	-30.23%	30.05%	17.81%	-1.08%	-24.5%	35.46%	18.45%	2.61%	-12.3%	19.94%	8.56%	-1.65%	-14.52%	20.82%	6.93%	0.52%	-14.74%	23.25%	8.19%
Charge d'intérêts ¹	-46.2	-48.1	-58.7	-51.7	-48.4	-51.7	-45.6	-44.1	-44.6	-53	-56	-65.1	-69.5	-74.2	-77.8	-74.3	-70.4	-71.6	-78.8	-70.4	-67.43	-66.38	-65.94	-64.87	-64.16	-54	-50	-45
Earnings before Tax (EBT) ¹	527.6	364.3	148.4	291.7	378	262.6	399.7	402.4	349.5	220.3	389.3	412.2	321.6	290.5	421.3	506.2	537.5	458.9	590.7	987.3	644.7	529.4	664	722	728.5	606	774	846
Change	-	-30.95%	-59.26%	96.56%	29.59%	-30.53%	52.21%	0.68%	-13.15%	-36.97%	76.71%	5.88%	-21.98%	-9.67%	45.03%	20.15%	6.18%	-14.62%	28.72%	67.14%	-34.7%	-17.88%	25.42%	8.74%	0.9%	-16.81%	27.72%	9.3%
Net income ¹	429.6	283.4	-2,035	246.2	300.3	193.6	310.8	324.5	301	171.9	308.3	347.1	264.4	233.4	329.7	404	405.2	412.1	490.9	736.5	498.3	415.7	513.8	559.3	567.4	477	603.4	659.3
Change	-	-34.03%	-	-	21.97%	-35.53%	60.54%	4.41%	-7.24%	-42.89%	79.35%	12.59%	-23.83%	-11.72%	41.26%	22.54%	0.3%	1.7%	19.12%	50.03%	-32.34%	-16.58%	23.61%	8.84%	1.46%	-15.93%	26.48%	9.27%
Announcement Date	2/18/20	4/28/20	7/28/20	10/27/20	2/16/21	4/27/21	7/27/21	10/26/21	2/15/22	4/26/22	7/26/22	11/1/22	2/14/23	5/2/23	8/1/23	10/31/23	2/13/24	4/30/24	7/30/24	10/29/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Ecolab Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	6,168	5,426	8,398	7,982	7,262	6,338	5,618	5,077
Change	-	-12.03%	54.77%	-4.95%	-9.02%	-12.73%	-11.36%	-9.63%
Announcement Date	2/18/20	2/16/21	2/15/22	2/14/23	2/13/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Ecolab Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	800.6	489	643	712.8	774.8	854.1	878.7	919.9
Change	-	-38.92%	31.49%	10.86%	8.7%	10.23%	2.88%	4.69%
Free Cash Flow (FCF) ¹	1,620	1,350	1,419	1,076	1,637	1,926	2,042	2,252
Change	-	-16.7%	5.13%	-24.19%	52.19%	17.63%	6.04%	10.31%
Announcement Date	2/18/20	2/16/21	2/15/22	2/14/23	2/13/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Ecolab Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	21.72%	20.66%	20.75%	19.11%	19.91%	22.74%	23.56%	24.22%
EBIT Margin (%)	15.19%	13.77%	14.13%	12.5%	13.88%	16.66%	17.63%	18.47%
EBT Margin (%)	12.74%	9.85%	11.11%	9.47%	11.46%	17.08%	16.11%	16.98%
Net margin (%)	10.46%	-10.22%	8.87%	7.69%	8.96%	13.55%	12.66%	13.53%
FCF margin (%)	10.87%	11.45%	11.14%	7.58%	10.69%	12.22%	12.48%	13.05%
FCF / Net Income (%)	103.93%	-111.99%	125.58%	98.53%	119.29%	90.15%	98.56%	96.46%
Profitability
ROA	8.32%	5.98%	5.75%	5.12%	6.34%	9.12%	9.34%	10.1%
ROE	20.41%	15.7%	16.88%	15.1%	17.96%	22.85%	23.58%	24.51%
Financial Health
Leverage (Debt/EBITDA)	1.91x	2.23x	3.18x	2.94x	2.38x	1.77x	1.46x	1.21x
Debt / Free cash flow	3.81x	4.02x	5.92x	7.42x	4.44x	3.29x	2.75x	2.25x
Capital Intensity
CAPEX / Current Assets (%)	5.37%	4.15%	5.05%	5.02%	5.06%	5.42%	5.37%	5.33%
CAPEX / EBITDA (%)	24.73%	20.07%	24.34%	26.29%	25.4%	23.84%	22.79%	22.01%
CAPEX / FCF (%)	49.42%	36.23%	45.32%	66.27%	47.33%	44.36%	43.03%	40.84%
Items per share
Cash flow per share ¹	8.276	6.408	7.132	6.24	8.418	9.945	10.51	-
Change	-	-22.57%	11.3%	-12.51%	34.91%	18.14%	5.69%	-
Dividend per Share ¹	1.85	1.89	1.95	2.06	2.16	2.285	2.416	2.659
Change	-	2.16%	3.17%	5.64%	4.85%	5.77%	5.77%	10.02%
Book Value Per Share ¹	30.15	21.49	25.23	25.25	28.08	30.03	31.99	34.52
Change	-	-28.73%	17.44%	0.06%	11.21%	6.95%	6.54%	7.89%
EPS ¹	5.33	-4.2	3.91	3.81	4.79	7.468	7.312	8.311
Change	-	-178.8%	-193.1%	-2.56%	25.72%	55.91%	-2.09%	13.67%
Nbr of stocks (in thousands)	288,244	285,445	286,567	284,828	285,140	283,162	283,162	283,162
Announcement Date	2/18/20	2/16/21	2/15/22	2/14/23	2/13/24	-	-	-