Financials Kimberly-Clark Corporation

Equities

KMB

US4943681035

Personal Products

Real-time Estimate Cboe BZX Other stock markets 03:17:15 2025-06-23 pm EDT			5-day change	1st Jan Change
129.95 ^USD	+1.29%		-0.92%	-1.20%

Jun. 12	DA Davidson Raises Price Target on Kimberly-Clark to $135 From $130, Keeps Neutral Rating	MT
Jun. 09	Deutsche Bank Adjusts Price Target on Kimberly-Clark to $141 From $138, Maintains Hold Rating	MT

Projected Income Statement: Kimberly-Clark Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	19,140	19,440	20,175	20,431	20,058	19,399	19,733	20,165
Change	-	1.57%	3.78%	1.27%	-1.83%	-3.29%	1.73%	2.19%
EBITDA ¹	4,378	3,602	3,371	3,711	4,018	4,017	4,211	4,423
Change	-	-17.72%	-6.41%	10.09%	8.27%	-0.02%	4.83%	5.03%
EBIT ¹	3,582	2,836	2,617	2,958	3,237	3,175	3,382	3,547
Change	-	-20.83%	-7.72%	13.03%	9.43%	-1.91%	6.53%	4.87%
Interest Paid ¹	-244	-250	-268	-227	-222	-254.7	-261.4	-266.1
Earnings before Tax (EBT) ¹	2,930	2,225	2,340	2,021	2,927	2,806	3,070	3,206
Change	-	-24.06%	5.17%	-13.63%	44.83%	-4.14%	9.4%	4.43%
Net income ¹	2,352	1,814	1,934	1,764	2,545	2,144	2,423	2,622
Change	-	-22.87%	6.62%	-8.79%	44.27%	-15.76%	13.02%	8.23%
Announcement Date	1/25/21	1/26/22	1/25/23	1/24/24	1/28/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	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	2026 Q4	2027 Q1
Net sales ¹	4,612	4,683	4,836	4,743	4,722	5,010	4,965	5,095	5,063	5,053	4,964	5,195	5,134	5,132	4,970	5,149	5,029	4,952	4,928	4,840	4,848	4,815	4,821	4,834	4,790	4,816	4,806	4,750
Change	-	1.54%	3.27%	-1.92%	-0.44%	6.1%	-0.9%	2.62%	-0.63%	-0.2%	-1.76%	4.65%	-1.17%	-0.04%	-3.16%	3.6%	-2.33%	-1.53%	-0.48%	-1.79%	0.18%	-0.69%	0.13%	0.26%	-0.91%	0.55%	-0.2%	-1.17%
EBITDA ¹	1,213	998	957	993	865	939	805	817	813	853	898	975	916	963	857	1,083	1,033	1,001	901	1,062	969.7	999.6	1,022	1,099	1,026	1,083	1,052	1,154
Change	-	-17.72%	-4.11%	3.76%	-12.89%	8.55%	-14.27%	1.49%	-0.49%	4.92%	5.28%	8.57%	-6.05%	5.13%	-11.01%	26.37%	-4.62%	-3.1%	-9.99%	17.87%	-8.69%	3.08%	2.26%	7.5%	-6.63%	5.54%	-2.83%	9.65%
EBIT ¹	1,012	806	767	804	676	745	611	629	621	665	712	787	727	774	670	898	845	810	684	844	752.1	787	785.1	888.7	809.7	859	838.2	895.1
Change	-	-20.36%	-4.84%	4.82%	-15.92%	10.21%	-17.99%	2.95%	-1.27%	7.09%	7.07%	10.53%	-7.62%	6.46%	-13.44%	34.03%	-5.9%	-4.14%	-15.56%	23.39%	-10.89%	4.64%	-0.24%	13.19%	-8.89%	6.1%	-2.42%	6.79%
Charge d'intérêts ¹	-63	-60	-62	-62	-63	-63	-62	-63	-67	-69	-69	-66	-67	-56	-38	-57	-63	-49	-53	-64	-63.6	-63.75	-63.45	-62.9	-62.5	-62.1	-61.6	-
Earnings before Tax (EBT) ¹	856	566	674	702	495	584	444	626	527	568	619	705	4	698	614	781	577	1,090	479	694	672.1	689.8	677.3	-	-	-	-	-
Change	-	-33.88%	19.08%	4.15%	-29.49%	17.98%	-23.97%	40.99%	-15.81%	7.78%	8.98%	13.89%	-99.43%	17,350%	-12.03%	27.2%	-26.12%	88.91%	-56.06%	44.89%	-3.16%	2.63%	-1.81%	-	-	-	-	-
Net income ¹	681	472	539	584	404	469	357	523	437	467	507	566	102	587	509	647	544	907	447	567	553.9	573.4	566.2	658.7	-	-	-	-
Change	-	-30.69%	14.19%	8.35%	-30.82%	16.09%	-23.88%	46.5%	-16.44%	6.86%	8.57%	11.64%	-81.98%	475.49%	-13.29%	27.11%	-15.92%	66.73%	-50.72%	26.85%	-2.32%	3.52%	-1.26%	16.35%	-	-	-	-
Announcement Date	7/23/20	10/22/20	1/25/21	4/23/21	7/23/21	10/25/21	1/26/22	4/22/22	7/26/22	10/25/22	1/25/23	4/25/23	7/25/23	10/24/23	1/24/24	4/23/24	7/23/24	10/22/24	1/28/25	4/22/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Kimberly-Clark Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	8,061	8,330	8,253	6,917	6,459	6,613	6,456	6,220
Change	-	3.34%	-0.92%	-16.19%	-6.62%	2.38%	-2.37%	-3.66%
Announcement Date	1/25/21	1/26/22	1/25/23	1/24/24	1/28/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Kimberly-Clark Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	1,217	1,007	876	766	721	935.8	897	904.2
Change	-	-17.26%	-13.01%	-12.56%	-5.87%	29.79%	-4.15%	0.8%
Free Cash Flow (FCF) ¹	2,512	1,723	2,536	2,776	2,513	2,009	2,419	2,378
Change	-	-31.41%	47.19%	9.46%	-9.47%	-20.08%	20.43%	-1.68%
Announcement Date	1/25/21	1/26/22	1/25/23	1/24/24	1/28/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Kimberly-Clark Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	22.87%	18.53%	16.71%	18.16%	20.03%	20.71%	21.34%	21.93%
EBIT Margin (%)	18.71%	14.59%	12.97%	14.48%	16.14%	16.37%	17.14%	17.59%
EBT Margin (%)	15.31%	11.45%	11.6%	9.89%	14.59%	14.46%	15.56%	15.9%
Net margin (%)	12.29%	9.33%	9.59%	8.63%	12.69%	11.05%	12.28%	13%
FCF margin (%)	13.12%	8.86%	12.57%	13.59%	12.53%	10.35%	12.26%	11.79%
FCF / Net Income (%)	106.8%	94.98%	131.13%	157.37%	98.74%	93.69%	99.83%	90.69%
Profitability
ROA	16.16%	11.85%	10.64%	12.61%	14.52%	13.56%	15.35%	17.09%
ROE	894.1%	318.25%	359.1%	304.65%	240.83%	218.74%	169.51%	118.26%
Financial Health
Leverage (Debt/EBITDA)	1.84x	2.31x	2.45x	1.86x	1.61x	1.65x	1.53x	1.41x
Debt / Free cash flow	3.21x	4.83x	3.25x	2.49x	2.57x	3.29x	2.67x	2.62x
Capital Intensity
CAPEX / Current Assets (%)	6.36%	5.18%	4.34%	3.75%	3.59%	4.82%	4.55%	4.48%
CAPEX / EBITDA (%)	27.8%	27.96%	25.99%	20.64%	17.94%	23.29%	21.3%	20.44%
CAPEX / FCF (%)	48.45%	58.44%	34.54%	27.59%	28.69%	46.59%	37.08%	38.02%
Items per share
Cash flow per share ¹	10.89	8.058	8.079	10.45	9.596	8.964	10.03	10.3
Change	-	-25.99%	0.26%	29.4%	-8.21%	-6.59%	11.9%	2.71%
Dividend per Share ¹	4.28	4.56	4.64	4.72	4.88	5	5.193	5.417
Change	-	6.54%	1.75%	1.72%	3.39%	2.46%	3.85%	4.32%
Book Value Per Share ¹	1.848	1.526	1.621	3.169	2.893	3.593	4.733	7.657
Change	-	-17.43%	6.2%	95.54%	-8.71%	24.18%	31.75%	61.77%
EPS ¹	6.87	5.35	5.72	5.21	7.55	6.299	7.303	7.977
Change	-	-22.13%	6.92%	-8.92%	44.91%	-16.57%	15.93%	9.23%
Nbr of stocks (in thousands)	340,137	336,717	337,492	337,941	333,485	331,816	331,816	331,816
Announcement Date	1/25/21	1/26/22	1/25/23	1/24/24	1/28/25	-	-	-