Financials ICON Public Limited Company

Equities

ICLR

IE0005711209

Biotechnology & Medical Research

Market Closed - Nasdaq Other stock markets 04:00:00 2024-12-10 pm EST			5-day change	1st Jan Change
215.96 ^USD	-1.49%		+1.12%	-23.71%

Dec. 02	Nephron Upgrades ICON to Buy, Price Target is $280	MT
Nov. 25	Fed minutes and inflation data set to stir Thanksgiving week

Projected Income Statement: ICON Public Limited Company

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,806	2,797	5,481	7,741	8,120	8,276	8,527	9,049
Change	-	-0.3%	95.93%	41.24%	4.89%	1.91%	3.03%	6.13%
EBITDA ¹	495	475.7	970	1,479	1,694	1,732	1,821	1,962
Change	-	-3.89%	103.9%	52.53%	14.51%	2.24%	5.16%	7.69%
EBIT ¹	433.4	409.6	655	1,373	1,568	1,596	1,654	1,793
Change	-	-5.5%	59.91%	109.63%	14.2%	1.79%	3.65%	8.38%
Interest Paid ¹	-6.417	-10.3	-182.4	-227.4	-331.7	-205.9	-169.1	-162.5
Earnings before Tax (EBT) ¹	427	381.2	196.7	567.9	624.5	863.1	1,057	1,225
Change	-	-10.72%	-48.41%	188.72%	9.97%	38.22%	22.52%	15.81%
Net income ¹	374	332.3	153.2	505.3	612.3	730	918.9	1,048
Change	-	-11.14%	-53.91%	229.87%	21.18%	19.21%	25.88%	14.01%
Announcement Date	2/19/20	2/24/21	2/22/22	2/22/23	2/21/24	-	-	-

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	725.4	715.1	620.2	701.7	760.2	858.2	871.2	1,866	1,885	1,902	1,935	1,942	1,962	1,979	2,020	2,055	2,066	2,090	2,120	2,030	2,032	2,080	2,115	2,138	2,169	2,213	2,255	2,295
Change	-	-1.42%	-13.27%	13.14%	8.34%	12.89%	1.51%	114.24%	1.01%	0.88%	1.76%	0.37%	1.01%	0.84%	2.11%	1.72%	0.54%	1.17%	1.42%	-4.25%	0.12%	2.35%	1.69%	1.08%	1.44%	2.01%	1.9%	1.8%
EBITDA ¹	131	122.6	90.9	125.2	137	145.9	150.2	324.9	332.5	340.6	354.3	379.6	405	399.1	414.2	432.5	448.2	444	450.4	418.8	423.2	436.1	444.7	451.2	460.8	472.8	483	487.7
Change	-	-6.43%	-25.87%	37.74%	9.43%	6.51%	2.91%	116.34%	2.36%	2.43%	4.01%	7.15%	6.7%	-1.46%	3.79%	4.42%	3.62%	-0.93%	1.43%	-7.02%	1.04%	3.06%	1.97%	1.46%	2.13%	2.61%	2.15%	0.98%
EBIT ¹	115.3	106.3	75.04	108.4	119.9	128.5	132.9	213.6	192.9	314	328.6	352.7	377.8	368.7	383.8	401.1	414.4	294.9	417.3	383.8	384.7	400.5	409	415.4	418.8	425	434.6	442.7
Change	-	-7.83%	-29.41%	44.46%	10.57%	7.22%	3.4%	60.77%	-9.72%	62.8%	4.63%	7.36%	7.1%	-2.4%	4.1%	4.5%	3.33%	-28.85%	41.51%	-8.02%	0.25%	4.1%	2.12%	1.56%	0.81%	1.49%	2.26%	1.86%
Charge d'intérêts ¹	-1.848	-1.372	-2.779	-2.971	-3.173	-2.47	-24.36	-102.3	-52.76	-44.3	-46.94	-61.58	-74.57	-85.48	-84.26	-82.64	-79.31	-69.74	-59.6	-50.87	-46.18	-46.85	-46.35	-45.35	-44.85	-44.15	-43.95	-43.25
Earnings before Tax (EBT) ¹	113.5	104.9	54.17	105.4	116.7	113.5	88.51	-97.14	91.77	126	130.8	182.2	128.8	131.3	125.2	181.7	186.3	215.8	170.3	234.6	233.8	290.6	263.3	294.9	318.1	332.4	305.4	338.2
Change	-	-7.54%	-48.37%	94.63%	10.68%	-2.69%	-22.05%	-	-	37.34%	3.81%	39.23%	-29.3%	1.95%	-4.63%	45.08%	2.52%	15.84%	-21.09%	37.77%	-0.33%	24.29%	-9.39%	12%	7.87%	4.5%	-8.12%	10.74%
Net income ¹	99.01	91.7	47.76	91.64	101.2	97.12	73.86	-94.27	76.47	112	115.7	160.2	117.4	116.7	115.6	163.7	216.4	187.4	146.9	197.1	195.1	233.9	223.5	236.7	249.4	257.4	249	265.8
Change	-	-7.38%	-47.92%	91.88%	10.47%	-4.06%	-23.95%	-	-	46.43%	3.36%	38.38%	-26.67%	-0.67%	-0.91%	41.58%	32.23%	-13.39%	-21.62%	34.18%	-1.03%	19.89%	-4.45%	5.91%	5.37%	3.19%	-3.23%	6.73%
Announcement Date	2/19/20	4/22/20	7/22/20	10/21/20	2/24/21	4/28/21	7/21/21	11/3/21	2/22/22	4/27/22	7/27/22	11/2/22	2/22/23	4/26/23	7/26/23	10/25/23	2/21/24	4/24/24	7/24/24	10/23/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: ICON Public Limited Company

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-220	-494	4,682	4,364	3,396	2,623	1,581	501
Change	-	-324.55%	847.77%	-6.79%	-22.18%	-22.75%	-39.73%	-68.31%
Announcement Date	2/19/20	2/24/21	2/22/22	2/22/23	2/21/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: ICON Public Limited Company

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	50.64	51.06	93.75	142.2	140.7	149.8	164	176.8
Change	-	0.81%	83.63%	51.64%	-1.03%	6.51%	9.45%	7.78%
Free Cash Flow (FCF) ¹	361.9	516.9	735.4	421.2	1,020	1,126	1,300	1,380
Change	-	42.83%	42.27%	-42.73%	142.27%	10.35%	15.49%	6.14%
Announcement Date	2/19/20	2/24/21	2/22/22	2/22/23	2/21/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: ICON Public Limited Company

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	17.64%	17.01%	17.7%	19.11%	20.86%	20.93%	21.36%	21.68%
EBIT Margin (%)	15.45%	14.64%	11.95%	17.74%	19.31%	19.29%	19.4%	19.81%
EBT Margin (%)	15.22%	13.63%	3.59%	7.34%	7.69%	10.43%	12.4%	13.53%
Net margin (%)	13.33%	11.88%	2.79%	6.53%	7.54%	8.82%	10.78%	11.58%
FCF margin (%)	12.9%	18.48%	13.42%	5.44%	12.57%	13.61%	15.25%	15.25%
FCF / Net Income (%)	96.77%	155.54%	480.07%	83.35%	166.63%	154.25%	141.52%	131.76%
Profitability
ROA	14.22%	10.48%	6.4%	5.6%	3.58%	5.72%	6.12%	6.28%
ROE	25.16%	19.16%	13.44%	11.7%	6.9%	11.92%	11.88%	11.65%
Financial Health
Leverage (Debt/EBITDA)	-	-	4.83x	2.95x	2x	1.51x	0.87x	0.26x
Debt / Free cash flow	-	-	6.37x	10.36x	3.33x	2.33x	1.22x	0.36x
Capital Intensity
CAPEX / Current Assets (%)	1.8%	1.83%	1.71%	1.84%	1.73%	1.81%	1.92%	1.95%
CAPEX / EBITDA (%)	10.23%	10.73%	9.67%	9.61%	8.3%	8.65%	9%	9.01%
CAPEX / FCF (%)	13.99%	9.88%	12.75%	33.75%	13.79%	13.31%	12.61%	12.81%
Items per share
Cash flow per share ¹	7.593	10.66	12.35	6.831	14.04	13.77	16.75	17.27
Change	-	40.39%	15.9%	-44.71%	105.48%	-1.86%	21.63%	3.09%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	30.18	35.05	98.91	104	112	119.8	130.1	140.2
Change	-	16.16%	182.2%	5.13%	7.72%	6.93%	8.61%	7.8%
EPS ¹	6.79	6.15	2.25	6.13	7.4	8.7	10.95	12.84
Change	-	-9.43%	-63.41%	172.44%	20.72%	17.57%	25.83%	17.3%
Nbr of stocks (in thousands)	53,641	52,775	81,398	81,645	82,327	82,559	82,559	82,559
Announcement Date	2/19/20	2/24/21	2/22/22	2/22/23	2/21/24	-	-	-