Financials Procter & Gamble Company

Equities

PG

US7427181091

Personal Products

Real-time Estimate Cboe BZX Other stock markets 01:59:05 2024-12-13 pm EST			5-day change	1st Jan Change
171.16 ^USD	+0.18%		-1.51%	+16.82%

04:08pm	BofA Securities Adjusts Price Target on Procter & Gamble to $190 From $185	MT
Dec. 12	Deutsche Bank Adjusts Price Target on Procter & Gamble to $192 From $181, Maintains Buy Rating	MT

Projected Income Statement: Procter & Gamble Company

income-statement-evolution-chart PROCTER-GAMBLE-COMPANY

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	70,950	76,118	80,187	82,006	84,039	85,711	88,843	92,226
Change	-	7.28%	5.35%	2.27%	2.48%	1.99%	3.65%	3.81%
EBITDA ¹	19,156	20,721	20,620	20,848	22,884	24,208	25,623	27,236
Change	-	8.17%	-0.49%	1.11%	9.77%	5.78%	5.85%	6.3%
EBIT ¹	16,143	17,986	17,813	18,134	19,988	21,191	22,524	23,943
Change	-	11.42%	-0.96%	1.8%	10.22%	6.02%	6.29%	6.3%
Interest Paid ¹	-310	-502	-388	-449	-452	-434.4	-425.2	-452.4
Earnings before Tax (EBT) ¹	15,834	17,615	17,995	18,353	18,761	21,055	22,653	23,985
Change	-	11.25%	2.16%	1.99%	2.22%	12.23%	7.59%	5.88%
Net income ¹	13,027	14,306	14,742	14,653	14,879	16,589	17,944	19,025
Change	-	9.82%	3.05%	-0.6%	1.54%	11.49%	8.16%	6.03%
Announcement Date	7/30/20	7/30/21	7/29/22	7/28/23	7/30/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: Juni	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	18,240	17,214	17,698	19,318	19,745	18,109	18,946	20,338	20,953	19,381	19,515	20,612	20,773	20,068	20,553	21,871	21,441	20,195	20,532	21,737	21,745	20,801	21,352	22,538	22,531	21,575	22,140	23,435
Change	-	-5.62%	2.81%	9.15%	2.21%	-8.29%	4.62%	7.35%	3.02%	-7.5%	0.69%	5.62%	0.78%	-3.39%	2.42%	6.41%	-1.97%	-5.81%	1.67%	5.87%	0.03%	-4.34%	2.65%	5.55%	-0.03%	-4.24%	2.62%	5.85%
EBITDA ¹	5,176	4,405	4,532	5,952	6,051	4,468	4,250	5,734	5,852	4,714	4,320	5,602	5,438	4,940	4,868	6,469	6,514	5,183	4,719	6,530	6,593	5,643	5,468	6,982	7,030	5,969	5,785	7,393
Change	-	-14.9%	2.88%	31.33%	1.66%	-26.16%	-4.88%	34.92%	2.06%	-19.45%	-8.36%	29.68%	-2.93%	-9.16%	-1.46%	32.89%	0.7%	-20.43%	-8.95%	38.38%	0.97%	-14.41%	-3.11%	27.7%	0.68%	-15.09%	-3.09%	27.8%
EBIT ¹	4,499	3,606	3,718	5,281	5,380	3,785	3,540	5,023	5,168	4,024	3,598	4,939	4,785	4,248	4,162	5,767	5,793	4,471	3,958	5,802	5,831	4,896	4,678	6,208	6,226	5,183	4,967	6,557
Change	-	-19.85%	3.11%	42.04%	1.87%	-29.65%	-6.47%	41.89%	2.89%	-22.14%	-10.59%	37.27%	-3.12%	-11.22%	-2.02%	38.56%	0.45%	-22.82%	-11.47%	46.59%	0.5%	-16.04%	-4.44%	32.69%	0.29%	-16.74%	-4.17%	32.01%
Charge d'intérêts ¹	-64	-61	-135	-126	-134	-95	-117	-98	-96	-100	-94	-81	-105	-139	-124	-97	-115	-129	-113	-103	-118.2	-119.3	-114	-104	-104.5	-105.5	-101.2	-103
Earnings before Tax (EBT) ¹	4,532	3,498	3,461	5,297	4,877	3,877	3,564	5,035	5,239	4,071	3,650	4,997	4,835	4,288	4,233	5,802	4,496	4,592	3,870	5,140	5,865	4,926	4,771	6,286	6,222	5,255	5,077	6,588
Change	-	-22.82%	-1.06%	53.05%	-7.93%	-20.5%	-8.07%	41.27%	4.05%	-22.29%	-10.34%	36.9%	-3.24%	-11.31%	-1.28%	37.07%	-22.51%	2.14%	-15.72%	32.82%	14.11%	-16.01%	-3.15%	31.74%	-1.01%	-15.54%	-3.39%	29.75%
Net income ¹	3,717	2,917	2,800	4,277	3,854	3,269	2,906	4,112	4,223	3,355	3,052	3,939	3,933	3,397	3,384	4,521	3,468	3,754	3,137	3,959	4,632	3,897	3,805	4,977	4,914	4,167	4,051	5,155
Change	-	-21.52%	-4.01%	52.75%	-9.89%	-15.18%	-11.1%	41.5%	2.7%	-20.55%	-9.03%	29.06%	-0.15%	-13.63%	-0.38%	33.6%	-23.29%	8.25%	-16.44%	26.2%	16.99%	-15.87%	-2.34%	30.78%	-1.27%	-15.2%	-2.76%	27.24%
Announcement Date	1/23/20	4/17/20	7/30/20	10/20/20	1/20/21	4/20/21	7/30/21	10/19/21	1/19/22	4/20/22	7/29/22	10/19/22	1/19/23	4/21/23	7/28/23	10/18/23	1/23/24	4/19/24	7/30/24	10/18/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Procter & Gamble Company

balance-sheet-analysis-chart PROCTER-GAMBLE-COMPANY

Fiscal Period: Juni	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	18,539	21,700	24,279	26,361	22,978	22,723	19,474	19,070
Change	-	17.05%	11.88%	8.58%	-12.83%	-1.11%	-14.3%	-2.07%
Announcement Date	7/30/20	7/30/21	7/29/22	7/28/23	7/30/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Procter & Gamble Company

Fiscal Period: Juni	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	3,073	2,787	3,156	3,062	3,322	3,725	3,761	3,933
Change	-	-9.31%	13.24%	-2.98%	8.49%	12.14%	0.96%	4.57%
Free Cash Flow (FCF) ¹	14,330	15,584	13,567	13,786	16,524	16,724	17,628	18,507
Change	-	8.75%	-12.94%	1.61%	19.86%	1.21%	5.4%	4.99%
Announcement Date	7/30/20	7/30/21	7/29/22	7/28/23	7/30/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Procter & Gamble Company

Fiscal Period: Juni	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	27%	27.22%	25.71%	25.42%	27.23%	28.24%	28.84%	29.53%
EBIT Margin (%)	22.75%	23.63%	22.21%	22.11%	23.78%	24.72%	25.35%	25.96%
EBT Margin (%)	22.32%	23.14%	22.44%	22.38%	22.32%	24.57%	25.5%	26.01%
Net margin (%)	18.36%	18.79%	18.38%	17.87%	17.7%	19.35%	20.2%	20.63%
FCF margin (%)	20.2%	20.47%	16.92%	16.81%	19.66%	19.51%	19.84%	20.07%
FCF / Net Income (%)	110%	108.93%	92.03%	94.08%	111.06%	100.81%	98.24%	97.28%
Profitability
ROA	11.05%	11.92%	12.47%	12.31%	13.39%	13.56%	14.18%	14.54%
ROE	27.58%	30.59%	31.53%	31.2%	30.48%	32.35%	32.16%	32.6%
Financial Health
Leverage (Debt/EBITDA)	0.97x	1.05x	1.18x	1.26x	1x	0.94x	0.76x	0.7x
Debt / Free cash flow	1.29x	1.39x	1.79x	1.91x	1.39x	1.36x	1.1x	1.03x
Capital Intensity
CAPEX / Current Assets (%)	4.33%	3.66%	3.94%	3.73%	3.95%	4.35%	4.23%	4.26%
CAPEX / EBITDA (%)	16.04%	13.45%	15.31%	14.69%	14.52%	15.39%	14.68%	14.44%
CAPEX / FCF (%)	21.44%	17.88%	23.26%	22.21%	20.1%	22.28%	21.33%	21.25%
Items per share
Cash flow per share ¹	6.628	7.063	6.586	6.783	8.029	7.706	8.821	9.585
Change	-	6.57%	-6.75%	2.99%	18.37%	-4.02%	14.47%	8.67%
Dividend per Share ¹	3.028	3.242	3.523	3.681	3.829	4.009	4.166	4.374
Change	-	7.05%	8.67%	4.47%	4.02%	4.72%	3.9%	5%
Book Value Per Share ¹	18.91	19.2	19.57	19.8	20.45	22.33	24.68	26.29
Change	-	1.54%	1.93%	1.18%	3.28%	9.16%	10.55%	6.52%
EPS ¹	4.96	5.5	5.81	5.9	6.02	6.785	7.398	7.914
Change	-	10.89%	5.64%	1.55%	2.03%	12.71%	9.03%	6.97%
Nbr of stocks (in thousands)	2,475,643	2,448,233	2,399,297	2,356,969	2,360,135	2,355,042	2,355,042	2,355,042
Announcement Date	7/30/20	7/30/21	7/29/22	7/28/23	7/30/24	-	-	-