Financials The Sherwin-Williams Company Börse Stuttgart

Equities

SJ3

US8243481061

Commodity Chemicals

Real-time Estimate Tradegate 03:11:23 2024-06-04 pm EDT 5-day change 1st Jan Change
280.9 EUR +1.77% Intraday chart for The Sherwin-Williams Company -1.42% -1.21%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 53,426 59,732 92,049 61,123 79,836 76,609 - -
Enterprise Value (EV) 1 61,950 67,797 101,498 71,494 88,311 86,338 85,849 85,583
P/E ratio 35.4 x 33.3 x 50.5 x 30.7 x 33.7 x 28.6 x 25 x 24.7 x
Yield 0.77% 0.73% 0.62% 1.01% 0.78% 0.95% 1.06% 1.18%
Capitalization / Revenue 2.98 x 3.25 x 4.62 x 2.76 x 3.46 x 3.25 x 3.1 x 2.95 x
EV / Revenue 3.46 x 3.69 x 5.09 x 3.23 x 3.83 x 3.66 x 3.48 x 3.29 x
EV / EBITDA 20.3 x 19.7 x 31.1 x 19.8 x 20.8 x 19.1 x 17.5 x 16.2 x
EV / FCF 31.1 x 21.8 x 54.2 x 56.1 x 33.5 x 33 x 29.7 x 27.2 x
FCF Yield 3.22% 4.58% 1.84% 1.78% 2.98% 3.03% 3.37% 3.68%
Price to Book 13 x 18.2 x 38.6 x 19.8 x 21.3 x 19.4 x 16.6 x 15.3 x
Nbr of stocks (in thousands) 274,666 243,832 261,383 257,546 255,966 253,647 - -
Reference price 2 194.5 245.0 352.2 237.3 311.9 302.0 302.0 302.0
Announcement Date 1/30/20 1/28/21 1/27/22 1/26/23 1/25/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 17,901 18,362 19,945 22,149 23,052 23,589 24,682 26,001
EBITDA 1 3,057 3,441 3,268 3,608 4,239 4,525 4,912 5,268
EBIT 1 2,611 2,860 2,695 3,027 3,617 4,079 4,471 4,886
Operating Margin 14.59% 15.57% 13.51% 13.67% 15.69% 17.29% 18.11% 18.79%
Earnings before Tax (EBT) 1 1,982 2,519 2,249 2,573 3,110 3,458 3,889 4,042
Net income 1 1,541 2,030 1,864 2,020 2,389 2,716 3,019 3,132
Net margin 8.61% 11.06% 9.35% 9.12% 10.36% 11.51% 12.23% 12.05%
EPS 2 5.497 7.360 6.980 7.720 9.250 10.56 12.08 12.25
Free Cash Flow 1 1,992 3,106 1,873 1,275 2,634 2,615 2,890 3,149
FCF margin 11.13% 16.92% 9.39% 5.76% 11.42% 11.08% 11.71% 12.11%
FCF Conversion (EBITDA) 65.18% 90.27% 57.3% 35.35% 62.12% 57.78% 58.84% 59.78%
FCF Conversion (Net income) 129.27% 152.98% 100.44% 63.14% 110.24% 96.27% 95.73% 100.53%
Dividend per Share 2 1.507 1.787 2.200 2.400 2.420 2.870 3.189 3.552
Announcement Date 1/30/20 1/28/21 1/27/22 1/26/23 1/25/24 - - -
1USD in Million2USD
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 4,762 4,999 5,872 6,047 5,230 5,442 6,241 6,117 5,252 5,367 6,339 6,368 5,483 5,621 6,664
EBITDA 1 533.4 693 976.1 1,124 814.5 879.1 1,305 1,266 788.6 896.2 1,346 1,368 904.7 979.9 1,475
EBIT 1 393.8 549.5 832.8 978.4 671 725 1,146 1,111 634.3 809.5 1,242 1,281 811.9 895.4 1,358
Operating Margin 8.27% 10.99% 14.18% 16.18% 12.83% 13.32% 18.37% 18.16% 12.08% 15.08% 19.6% 20.12% 14.81% 15.93% 20.38%
Earnings before Tax (EBT) 1 308.9 461.1 739.9 877.2 494.9 614.8 1,012 1,009 474 640 1,121 1,149 663.9 - -
Net income 1 304 370.8 577.9 685.1 386.3 477.4 793.7 761.5 356.2 505.2 846.8 858.9 511.8 546 948
Net margin 6.38% 7.42% 9.84% 11.33% 7.39% 8.77% 12.72% 12.45% 6.78% 9.41% 13.36% 13.49% 9.33% 9.71% 14.22%
EPS 2 1.150 1.410 2.210 2.620 1.480 1.840 3.070 2.950 1.390 1.970 3.323 3.413 2.057 - -
Dividend per Share 2 0.6000 0.6000 0.6000 0.6000 0.6000 0.6050 0.6050 0.6050 0.6050 0.7150 0.7492 0.7492 0.7492 0.7859 0.8280
Announcement Date 1/27/22 4/26/22 7/27/22 10/25/22 1/26/23 4/25/23 7/25/23 10/24/23 1/25/24 4/23/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 8,523 8,066 9,449 10,371 8,475 9,730 9,240 8,974
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.788 x 2.344 x 2.892 x 2.875 x 1.999 x 2.15 x 1.881 x 1.704 x
Free Cash Flow 1 1,992 3,106 1,873 1,275 2,634 2,615 2,890 3,149
ROE (net income / shareholders' equity) 39.2% 52.5% 61.7% 72.9% 70.1% 70.2% 67.3% 69.2%
ROA (Net income/ Total Assets) 7.78% 9.93% 9.08% 9.34% 10.5% 15.6% 12.6% 13.3%
Assets 1 19,815 20,449 20,534 21,630 22,750 17,418 23,868 23,638
Book Value Per Share 2 14.90 13.40 9.120 12.00 14.60 15.60 18.20 19.70
Cash Flow per Share 2 8.280 12.40 8.400 7.330 13.60 12.70 13.50 14.90
Capex 1 329 304 372 645 888 604 538 519
Capex / Sales 1.84% 1.65% 1.87% 2.91% 3.85% 2.56% 2.18% 1.99%
Announcement Date 1/30/20 1/28/21 1/27/22 1/26/23 1/25/24 - - -
1USD in Million2USD
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
29
Last Close Price
302 USD
Average target price
339.4 USD
Spread / Average Target
+12.36%
Consensus
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  5. Financials The Sherwin-Williams Company