Financials Kimberly-Clark de México, S. A. B. de C. V.

Equities

KIMBER A

MXP606941179

Personal Products

End-of-day quote Mexican S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
36.69 MXN +0.58% Intraday chart for Kimberly-Clark de México, S. A. B. de C. V. +1.21% -3.88%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 114,586 105,090 101,479 104,776 112,940 110,571 - -
Enterprise Value (EV) 1 129,886 118,190 115,979 120,676 122,607 123,091 121,692 118,614
P/E ratio 22.5 x 17.3 x 21.2 x 20.5 x 16.7 x 15.1 x 13.7 x 12.6 x
Yield - - - - - 4.95% 5.5% 5.94%
Capitalization / Revenue 2.63 x 2.25 x 2.16 x 2.05 x 2.12 x 1.98 x 1.88 x 1.79 x
EV / Revenue 2.99 x 2.53 x 2.47 x 2.36 x 2.3 x 2.2 x 2.07 x 1.93 x
EV / EBITDA 11.9 x 9.46 x 11.3 x 11.1 x 8.81 x 8.3 x 7.86 x 7.45 x
EV / FCF 14.3 x 12.4 x 25 x 19.5 x 11.1 x 23 x 13.1 x 11.3 x
FCF Yield 7% 8.06% 4.01% 5.12% 9.04% 4.34% 7.65% 8.81%
Price to Book 21.9 x 18.1 x 16.7 x 20.2 x 17 x 13.2 x 10.7 x 8.84 x
Nbr of stocks (in thousands) 3,084,833 3,084,833 3,075,133 3,075,133 3,075,133 3,075,133 - -
Reference price 2 37.50 33.99 31.01 33.07 38.17 36.69 36.69 36.69
Announcement Date 1/23/20 1/21/21 1/20/22 1/19/23 1/18/24 - - -
1MXN in Million2MXN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 43,500 46,703 46,894 51,055 53,307 55,834 58,850 61,615
EBITDA 1 10,943 12,491 10,285 10,903 13,917 14,824 15,474 15,926
EBIT 1 8,997 10,537 8,350 8,941 11,932 12,820 13,317 13,646
Operating Margin 20.68% 22.56% 17.81% 17.51% 22.38% 22.96% 22.63% 22.15%
Earnings before Tax (EBT) 1 7,462 8,873 6,610 7,251 10,388 12,001 12,249 13,621
Net income 1 5,156 6,086 4,494 4,936 7,013 7,772 8,368 8,959
Net margin 11.85% 13.03% 9.58% 9.67% 13.16% 13.92% 14.22% 14.54%
EPS 2 1.670 1.970 1.460 1.610 2.280 2.430 2.684 2.916
Free Cash Flow 1 9,090 9,521 4,647 6,178 11,084 5,341 9,306 10,454
FCF margin 20.9% 20.39% 9.91% 12.1% 20.79% 9.57% 15.81% 16.97%
FCF Conversion (EBITDA) 83.07% 76.22% 45.18% 56.66% 79.64% 36.03% 60.14% 65.64%
FCF Conversion (Net income) 176.3% 156.43% 103.41% 125.15% 158.05% 68.72% 111.21% 116.69%
Dividend per Share 2 - - - - - 1.816 2.016 2.179
Announcement Date 1/23/20 1/21/21 1/20/22 1/19/23 1/18/24 - - -
1MXN in Million2MXN
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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
Net sales 1 11,719 12,574 12,895 12,794 12,792 13,549 13,714 12,673 13,371 13,790 14,318 13,476 14,370 14,950 15,132
EBITDA 1 2,089 2,515 2,676 2,755 2,957 3,265 3,512 3,429 3,710 3,894 3,841 3,567 3,635 3,910 3,851
EBIT 1 1,638 2,006 2,157 2,253 2,525 2,782 3,029 2,943 3,177 3,400 3,303 3,054 2,991 3,325 3,266
Operating Margin 13.98% 15.95% 16.73% 17.61% 19.74% 20.53% 22.09% 23.22% 23.76% 24.66% 23.07% 22.66% 20.81% 22.24% 21.58%
Earnings before Tax (EBT) 1 1,218 1,587 1,728 1,828 2,108 2,367 2,648 2,529 2,844 3,085 2,734 2,656 2,801 2,972 2,928
Net income 1 790 1,092 1,177 1,245 1,423 1,613 1,799 1,671 1,930 2,082 1,886 1,833 1,933 2,051 2,020
Net margin 6.74% 8.68% 9.13% 9.73% 11.12% 11.9% 13.12% 13.19% 14.43% 15.1% 13.18% 13.6% 13.45% 13.72% 13.35%
EPS 2 0.2600 0.3600 0.3800 0.4000 0.4700 0.5200 0.5900 0.5400 0.6300 0.6800 0.6578 0.5971 0.6349 0.6830 0.7022
Dividend per Share 2 - - - - - - - - - - 0.3999 0.3999 0.8005 1.858 -
Announcement Date 1/20/22 4/21/22 7/21/22 10/20/22 1/19/23 4/20/23 7/20/23 10/19/23 1/18/24 4/18/24 - - - - -
1MXN in Million2MXN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 15,300 13,100 14,500 15,900 9,667 12,521 11,121 8,043
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.398 x 1.049 x 1.41 x 1.458 x 0.6946 x 0.8446 x 0.7187 x 0.505 x
Free Cash Flow 1 9,090 9,521 4,647 6,178 11,084 5,341 9,306 10,454
ROE (net income / shareholders' equity) 95.1% 110% 77.9% 91.8% 117% 97.7% 82.4% 71.2%
ROA (Net income/ Total Assets) 12.4% 12.8% 8.8% 9.65% 13.1% 15% 15.6% 16.1%
Assets 1 41,447 47,501 51,052 51,159 53,731 51,759 53,527 55,671
Book Value Per Share 2 1.710 1.880 1.860 1.630 2.250 2.780 3.410 4.150
Cash Flow per Share 2 3.190 3.350 2.210 2.710 4.150 3.040 3.090 -
Capex 1 772 813 2,150 2,141 1,676 1,968 2,010 2,110
Capex / Sales 1.77% 1.74% 4.59% 4.19% 3.14% 3.53% 3.41% 3.42%
Announcement Date 1/23/20 1/21/21 1/20/22 1/19/23 1/18/24 - - -
1MXN in Million2MXN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
36.69 MXN
Average target price
44.22 MXN
Spread / Average Target
+20.52%
Consensus
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