Financials Reckitt Benckiser Group plc

Equities

RB.

GB00B24CGK77

Household Products

Real-time Estimate Cboe Europe 10:16:53 2024-04-18 am EDT 5-day change 1st Jan Change
4,139 GBX +0.71% Intraday chart for Reckitt Benckiser Group plc -1.59% -23.63%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 43,487 46,583 45,305 41,183 38,697 29,047 - -
Enterprise Value (EV) 1 54,236 55,537 53,683 49,167 45,987 36,329 36,126 35,859
P/E ratio -11.8 x 39.3 x -1,409 x 17.7 x 23.7 x 12.8 x 12.7 x 11.1 x
Yield 2.85% 2.67% 2.75% 3.19% 3.55% 4.87% 5.08% 5.32%
Capitalization / Revenue 3.39 x 3.33 x 3.42 x 2.85 x 2.65 x 1.99 x 1.91 x 1.83 x
EV / Revenue 4.22 x 3.97 x 4.06 x 3.4 x 3.15 x 2.49 x 2.37 x 2.26 x
EV / EBITDA 14.3 x 14.7 x 16.3 x 12.2 x 12 x 9.37 x 8.9 x 8.44 x
EV / FCF 25.3 x 18.2 x 42.7 x 24.2 x 20.4 x 15.6 x 14.1 x 13.7 x
FCF Yield 3.95% 5.5% 2.34% 4.13% 4.91% 6.41% 7.09% 7.3%
Price to Book 4.64 x 5.12 x 6.12 x 4.36 x 4.6 x 3.28 x 3.14 x 3.01 x
Nbr of stocks (in thousands) 709,522 712,054 714,366 715,728 713,972 706,750 - -
Reference price 2 61.29 65.42 63.42 57.54 54.20 41.10 41.10 41.10
Announcement Date 2/27/20 2/24/21 2/17/22 3/1/23 2/28/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 12,846 13,993 13,234 14,453 14,607 14,618 15,234 15,860
EBITDA 1 3,805 3,773 3,300 4,046 3,817 3,878 4,058 4,247
EBIT 1 3,367 3,301 2,877 3,439 3,373 3,418 3,572 3,743
Operating Margin 26.21% 23.59% 21.74% 23.79% 23.09% 23.38% 23.45% 23.6%
Earnings before Tax (EBT) 1 -2,107 1,873 -260 3,067 2,401 3,079 3,287 3,491
Net income 1 -2,785 1,137 -32 2,330 1,643 2,286 2,241 2,525
Net margin -21.68% 8.13% -0.24% 16.12% 11.25% 15.64% 14.71% 15.92%
EPS 2 -5.197 1.663 -0.0450 3.247 2.287 3.219 3.246 3.687
Free Cash Flow 1 2,145 3,052 1,258 2,031 2,258 2,330 2,562 2,619
FCF margin 16.7% 21.81% 9.51% 14.05% 15.46% 15.94% 16.81% 16.52%
FCF Conversion (EBITDA) 56.37% 80.89% 38.12% 50.2% 59.16% 60.08% 63.12% 61.67%
FCF Conversion (Net income) - 268.43% - 87.17% 137.43% 101.93% 114.3% 103.72%
Dividend per Share 2 1.746 1.746 1.746 1.833 1.925 2.004 2.089 2.189
Announcement Date 2/27/20 2/24/21 2/17/22 3/1/23 2/28/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q3 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2
Net sales 1 6,606 6,911 7,082 6,598 3,275 3,361 6,636 3,424 3,464 6,888 3,735 3,830 7,565 3,917 3,529 7,446 3,600 3,561 7,161 3,715 3,461 7,169 3,669 3,641 7,406
EBITDA - - 1,948 1,640 - - 1,660 - - 1,988 - - 2,058 - - 2,003 - - 1,814 - - 1,912 - - 1,958
EBIT 1,892 1,696 1,605 1,424 - - 1,453 - - 1,765 - - 1,674 - - 1,769 - - 1,604 - - 1,691 - - 1,719
Operating Margin 28.64% 24.54% 22.66% 21.58% - - 21.9% - - 25.62% - - 22.13% - - 23.76% - - 22.4% - - 23.6% - - 23.21%
Earnings before Tax (EBT) - - 435 -1,944 - - - - - - - - - - - - - - - - - - - - -
Net income - - - -1,725 - - - - - - - - - - - - - - - - - - - - -
Net margin - - - -26.14% - - - - - - - - - - - - - - - - - - - - -
EPS - 1.442 - -2.458 - - - - - 1.878 - - - - - - - - - - - - - - -
Dividend per Share - - 1.016 0.7300 - - 1.016 - - 0.7300 - - 1.103 - - 0.7660 - - 1.159 - - 0.7180 - - 1.207
Announcement Date 2/27/20 7/28/20 2/24/21 7/27/21 10/26/21 2/17/22 2/17/22 4/27/22 7/27/22 7/27/22 10/26/22 3/1/23 3/1/23 4/26/23 7/26/23 7/26/23 10/25/23 2/28/24 2/28/24 - - - - - -
1GBP in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 10,749 8,954 8,378 7,984 7,290 7,281 7,078 6,812
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.825 x 2.373 x 2.539 x 1.973 x 1.91 x 1.878 x 1.744 x 1.604 x
Free Cash Flow 1 2,145 3,052 1,258 2,031 2,258 2,330 2,562 2,619
ROE (net income / shareholders' equity) 20.5% 25.3% 24.9% 27.7% 18.3% 27.5% 28% 28.7%
ROA (Net income/ Total Assets) 7.06% 7.36% 7.07% 8.37% 5.88% 8.34% 8.88% 9.28%
Assets 1 -39,468 15,450 -452.6 27,844 27,939 27,416 25,242 27,214
Book Value Per Share 2 13.20 12.80 10.40 13.20 11.80 12.50 13.10 13.70
Cash Flow per Share 2 1.990 4.930 2.380 3.340 3.670 3.800 4.000 4.480
Capex 1 306 486 450 362 449 473 497 520
Capex / Sales 2.38% 3.47% 3.4% 2.5% 3.07% 3.23% 3.26% 3.28%
Announcement Date 2/27/20 2/24/21 2/17/22 3/1/23 2/28/24 - - -
1GBP in Million2GBP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
41.1 GBP
Average target price
56.73 GBP
Spread / Average Target
+38.03%
Consensus
  1. Stock Market
  2. Equities
  3. RB. Stock
  4. Financials Reckitt Benckiser Group plc