Financials S&P Global, Inc.

Equities

SPGI

US78409V1044

Professional Information Services

Market Closed - Nyse Other stock markets 04:00:02 2024-12-09 pm EST			5-day change	1st Jan Change
513.35 ^USD	-0.66%		-1.82%	+16.53%

Dec. 09	Irish construction activity decline worsens in November	AN
Dec. 06	Philippine Industrial Production Slips in October; Factory Prices Cool	MT

Projected Income Statement: S&P Global, Inc.

income-statement-evolution-chart S-P-GLOBAL-INC

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	6,699	7,442	8,297	11,842	12,497	14,049	14,952	16,095
Change	-	11.09%	11.49%	42.73%	5.53%	12.42%	6.43%	7.64%
EBITDA ¹	3,442	4,050	4,663	5,427	5,833	6,892	7,389	8,036
Change	-	17.66%	15.14%	16.38%	7.48%	18.15%	7.22%	8.75%
EBIT ¹	3,360	3,967	4,581	5,319	5,732	6,791	7,303	7,992
Change	-	18.07%	15.48%	16.11%	7.76%	18.48%	7.53%	9.44%
Interest Paid ¹	-141	-141	-119	-339	-361	-325.8	-333.4	-325.4
Earnings before Tax (EBT) ¹	2,930	3,228	4,164	5,017	3,671	5,163	5,654	6,326
Change	-	10.17%	29%	20.49%	-26.83%	40.64%	9.51%	11.89%
Net income ¹	2,123	2,339	3,024	3,543	2,626	3,750	4,104	4,573
Change	-	10.17%	29.29%	17.16%	-25.88%	42.82%	9.44%	11.41%
Announcement Date	2/6/20	2/9/21	2/8/22	2/9/23	2/8/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	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
Net sales ¹	1,735	1,786	1,943	1,846	1,867	2,016	2,106	2,087	2,088	3,072	2,970	2,862	2,937	3,160	3,101	3,084	3,152	3,491	3,549	3,575	3,432	3,685	3,728	3,753	3,722	3,981	4,011	4,043
Change	-	2.94%	8.79%	-4.99%	1.14%	7.98%	4.46%	-0.9%	0.05%	47.13%	-3.32%	-3.64%	2.62%	7.59%	-1.87%	-0.55%	2.2%	10.76%	1.66%	0.73%	-4.01%	7.39%	1.16%	0.67%	-0.8%	6.94%	0.76%	0.79%
EBITDA ¹	887	968	1,160	997	926	1,181	1,251	1,176	1,055	1,012	1,438	1,349	1,226	1,485	1,456	1,472	1,420	1,761	1,825	1,766	1,541	1,824	1,873	1,844	1,737	1,984	2,000	1,973
Change	-	9.13%	19.83%	-14.05%	-7.12%	27.54%	5.93%	-6%	-10.29%	-4.08%	42.09%	-6.19%	-9.12%	21.13%	-1.95%	1.1%	-3.53%	24.01%	3.63%	-3.23%	-12.75%	18.4%	2.67%	-1.55%	-5.8%	14.25%	0.78%	-1.35%
EBIT ¹	866	948	1,141	976	903	1,162	1,228	1,155	1,036	1,388	1,402	1,318	1,211	1,460	1,432	1,450	1,390	1,738	1,800	1,744	1,512	1,796	1,867	1,848	1,707	1,976	2,029	2,014
Change	-	9.47%	20.36%	-14.46%	-7.48%	28.68%	5.68%	-5.94%	-10.3%	33.98%	1.01%	-5.99%	-8.12%	20.56%	-1.92%	1.26%	-4.14%	25.04%	3.57%	-3.11%	-13.32%	18.82%	3.97%	-1.06%	-7.61%	15.73%	2.7%	-0.74%
Charge d'intérêts ¹	-36	-34	-40	-35	-32	-32	-32	-31	-25	-91	-90	-71	-86	-92	-95	-91	-83	-85	-84	-78	-82.27	-82.92	-82.92	-82.92	-82.92	-80.5	-80.5	-80.5
Earnings before Tax (EBT) ¹	731	877	1,075	636	640	1,056	1,144	1,074	890	2,182	1,391	823	621	1,048	834	995	795	1,316	1,378	1,360	1,096	1,413	1,475	1,432	1,324	1,612	1,632	1,624
Change	-	19.97%	22.58%	-40.84%	0.63%	65%	8.33%	-6.12%	-17.13%	145.17%	-36.25%	-40.83%	-24.54%	68.76%	-20.42%	19.3%	-20.1%	65.53%	4.71%	-1.31%	-19.44%	28.95%	4.39%	-2.86%	-7.61%	21.8%	1.21%	-0.49%
Net income ¹	541	639	792	455	454	755	798	797	675	1,530	972	608	433	795	511	742	579	991	1,011	971	765.7	1,026	1,077	1,044	943.4	1,165	1,196	1,182
Change	-	18.11%	23.94%	-42.55%	-0.22%	66.3%	5.7%	-0.13%	-15.31%	126.67%	-36.47%	-37.45%	-28.78%	83.6%	-35.72%	45.21%	-21.97%	71.16%	2.02%	-3.96%	-21.14%	33.93%	5.02%	-3.06%	-9.65%	23.44%	2.72%	-1.22%
Announcement Date	2/6/20	4/28/20	7/28/20	10/27/20	2/9/21	4/29/21	7/29/21	10/26/21	2/8/22	5/3/22	8/2/22	10/27/22	2/9/23	4/27/23	7/27/23	11/2/23	2/8/24	4/25/24	7/30/24	10/24/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: S&P Global, Inc.

balance-sheet-analysis-chart S-P-GLOBAL-INC

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,062	-12	-2,391	9,669	10,168	9,967	9,196	8,113
Change	-	-101.13%	-20,025%	304.39%	5.16%	-1.98%	-7.74%	-11.78%
Announcement Date	2/6/20	2/9/21	2/8/22	2/9/23	2/8/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: S&P Global, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	115	76	35	-	143	160.9	174	186.6
Change	-	-33.91%	-53.95%	-	-	12.51%	8.15%	7.22%
Free Cash Flow (FCF) ¹	2,583	3,297	3,336	3,955	4,057	4,858	5,317	5,821
Change	-	27.64%	1.18%	18.56%	2.58%	19.74%	9.45%	9.47%
Announcement Date	2/6/20	2/9/21	2/8/22	2/9/23	2/8/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: S&P Global, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	51.38%	54.42%	56.2%	45.83%	46.68%	49.05%	49.42%	49.93%
EBIT Margin (%)	50.16%	53.31%	55.21%	44.92%	45.87%	48.34%	48.84%	49.66%
EBT Margin (%)	43.74%	43.38%	50.19%	42.37%	29.38%	36.75%	37.81%	39.31%
Net margin (%)	31.69%	31.43%	36.45%	29.92%	21.01%	26.69%	27.45%	28.41%
FCF margin (%)	38.56%	44.3%	40.21%	33.4%	32.46%	34.58%	35.56%	36.16%
FCF / Net Income (%)	121.67%	140.96%	110.32%	111.63%	154.49%	129.53%	129.54%	127.28%
Profitability
ROA	20.42%	21.81%	24.02%	9.8%	6.57%	6.84%	7.32%	8.11%
ROE	348.03%	422.58%	247.27%	19.52%	11.36%	11.96%	13.09%	14.53%
Financial Health
Leverage (Debt/EBITDA)	0.31x	-	-	1.78x	1.74x	1.45x	1.24x	1.01x
Debt / Free cash flow	0.41x	-	-	2.44x	2.51x	2.05x	1.73x	1.39x
Capital Intensity
CAPEX / Current Assets (%)	1.72%	1.02%	0.42%	-	1.14%	1.15%	1.16%	1.16%
CAPEX / EBITDA (%)	3.34%	1.88%	0.75%	-	2.45%	2.33%	2.35%	2.32%
CAPEX / FCF (%)	4.45%	2.31%	1.05%	-	3.52%	3.31%	3.27%	3.21%
Items per share
Cash flow per share ¹	11.25	13.71	15.17	-	13.08	15.78	19.92	21.88
Change	-	21.92%	10.62%	-	-	20.66%	26.23%	9.86%
Dividend per Share ¹	2.28	2.68	3.08	3.32	3.6	3.639	3.945	4.199
Change	-	17.54%	14.93%	7.79%	8.43%	1.08%	8.41%	6.43%
Book Value Per Share ¹	2.171	2.373	8.743	114.5	107.6	108.1	109	107.8
Change	-	9.32%	268.39%	1,209.98%	-6.09%	0.54%	0.79%	-1.11%
EPS ¹	8.6	9.66	12.51	10.53	8.23	12.01	13.41	15.23
Change	-	12.33%	29.5%	-15.83%	-21.84%	45.89%	11.71%	13.52%
Nbr of stocks (in thousands)	244,400	240,599	240,875	325,800	316,800	309,966	309,966	309,966
Announcement Date	2/6/20	2/9/21	2/8/22	2/9/23	2/8/24	-	-	-