Financials Kenvue Inc.

Equities

Real-time Estimate Cboe BZX Other stock markets 03:46:11 2024-12-13 pm EST			5-day change	1st Jan Change
22.22 ^USD	-0.47%		-2.96%	+2.94%

Dec. 12	Barclays Initiates Kenvue at Equalweight With $23 Price Target	MT
Dec. 12	Deutsche Bank Downgrades Kenvue to Hold From Buy, Adjusts Price Target to $24 From $25	MT

Fiscal Period: December	2022	2023	2024	2025	2026
Net sales ¹	14,950	15,444	15,581	16,040	16,624
Change	-	3.3%	0.89%	2.95%	3.64%
EBITDA ¹	-	3,697	3,738	3,898	4,108
Change	-	-	1.11%	4.28%	5.39%
EBIT ¹	-	3,457	3,382	3,513	3,723
Change	-	-	-2.18%	3.88%	5.98%
Interest Paid ¹	-	-250	-380	-369.4	-351.8
Earnings before Tax (EBT) ¹	-	2,190	1,535	2,673	3,056
Change	-	-	-29.92%	74.15%	14.34%
Net income ¹	2,087	1,664	1,138	2,015	2,310
Change	-	-20.27%	-31.6%	77.07%	14.64%
Announcement Date	3/3/23	2/8/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	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	4,011	3,915	3,666	3,894	4,000	3,899	3,788	4,004	4,115	4,014	3,870	4,139	4,254	4,148
Change	-	-2.39%	-6.36%	6.22%	2.72%	-2.53%	-2.84%	5.69%	2.78%	-2.46%	-3.59%	6.96%	2.77%	-2.49%
EBITDA ¹	983	961	886	933	983	952	840.6	974.5	1,011	990.3	860.4	1,009	1,084	1,030
Change	-	-2.24%	-7.8%	5.3%	5.36%	-3.15%	-11.7%	15.93%	3.74%	-2.05%	-13.11%	17.31%	7.4%	-4.96%
EBIT ¹	885	914	799	855	911	860	751.6	873.2	942.1	885.9	770.8	923	996.4	941.1
Change	-	3.28%	-12.58%	7.01%	6.55%	-5.6%	-12.6%	16.18%	7.88%	-5.96%	-12.99%	19.74%	7.95%	-5.54%
Charge d'intérêts ¹	-53	-100	-96	-95	-92	-96	-97	-94	-93.25	-93.25	-92	-96	-98	-95
Earnings before Tax (EBT) ¹	639	585	357	427	65	577	469.5	697.5	770.7	717.6	599.1	752.7	836.7	781.8
Change	-	-8.45%	-38.97%	19.61%	-84.78%	787.69%	-18.64%	48.57%	10.49%	-6.88%	-16.52%	25.63%	11.17%	-6.56%
Net income ¹	430	438	327	296	58	383	376.3	553.1	561.2	547.7	467.3	597.8	628.7	583
Change	-	1.86%	-25.34%	-9.48%	-80.41%	560.34%	-1.76%	47%	1.46%	-2.4%	-14.69%	27.94%	5.16%	-7.26%
Announcement Date	7/20/23	10/26/23	2/8/24	5/7/24	8/6/24	11/7/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2022	2023	2024	2025	2026
Net Debt ¹	-	6,900	6,861	6,303	5,417
Change	-	-	-0.57%	-8.13%	-14.06%
Announcement Date	3/3/23	2/8/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2023	2024	2025	2026
CAPEX ¹	500	446.9	484.6	489.4
Change	-	-10.62%	8.45%	0.99%
Free Cash Flow (FCF) ¹	2,700	2,032	2,426	2,731
Change	-	-24.74%	19.42%	12.57%
Announcement Date	2/8/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	-	23.94%	23.99%	24.3%	24.71%
EBIT Margin (%)	-	22.38%	21.7%	21.9%	22.39%
EBT Margin (%)	-	14.18%	9.85%	16.66%	18.38%
Net margin (%)	13.96%	10.77%	7.3%	12.56%	13.9%
FCF margin (%)	-	17.48%	13.04%	15.13%	16.43%
FCF / Net Income (%)	-	162.26%	178.53%	120.4%	118.22%
Profitability
ROA	-	8.64%	5.15%	7.24%	8.46%
ROE	-	15.28%	20.05%	21.4%	21.65%
Financial Health
Leverage (Debt/EBITDA)	-	1.87x	1.84x	1.62x	1.32x
Debt / Free cash flow	-	2.56x	3.38x	2.6x	1.98x
Capital Intensity
CAPEX / Current Assets (%)	-	3.24%	2.87%	3.02%	2.94%
CAPEX / EBITDA (%)	-	13.52%	11.95%	12.43%	11.91%
CAPEX / FCF (%)	-	18.52%	21.99%	19.97%	17.92%
Items per share
Cash flow per share ¹	-	1.73	1.07	1.429	1.625
Change	-	-	-38.11%	33.49%	13.72%
Dividend per Share ¹	-	0.4	0.8078	0.8316	0.8603
Change	-	-	101.96%	2.94%	3.46%
Book Value Per Share ¹	-	5.854	5.565	5.789	6.17
Change	-	-	-4.93%	4.02%	6.58%
EPS ¹	-	0.9	0.5962	1.054	1.196
Change	-	-	-33.76%	76.78%	13.49%
Nbr of stocks (in thousands)	-	1,914,995	1,917,257	1,917,257	1,917,257
Announcement Date	-	2/8/24	-	-	-