Financials Walgreens Boots Alliance, Inc.

Equities

WBA

US9314271084

Drug Retailers

Market Closed - Nasdaq Other stock markets 04:00:00 2025-06-13 pm EDT			5-day change	1st Jan Change
11.39 ^USD	+0.26%		+1.24%	+22.08%

Jun. 11	LiveRamp, Walgreens Advertising Group Partner on Data Collaboration	MT
Jun. 10	Sector Update: Health Care Stocks Rise Late Afternoon	MT

Projected Income Statement: Walgreens Boots Alliance, Inc.

Fiscal Period: August	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	139,537	132,509	132,703	139,081	147,658	151,555	153,879	157,723
Change	-	-5.04%	0.15%	4.81%	6.17%	2.64%	1.53%	2.5%
EBITDA ¹	7,138	6,567	6,268	5,002	4,008	3,493	3,412	3,753
Change	-	-8%	-4.55%	-20.2%	-19.87%	-12.85%	-2.32%	10%
EBIT ¹	5,211	5,117	5,133	3,871	2,624	1,998	1,876	2,069
Change	-	-1.8%	0.31%	-24.59%	-32.21%	-23.84%	-6.13%	10.3%
Interest Paid ¹	-639	-905	-400	-580	-482	-519.4	-579.4	-786.3
Earnings before Tax (EBT) ¹	743	1,995	3,985	-5,419	-14,219	-5,670	-1,098	-779
Change	-	168.51%	99.75%	-235.98%	-162.39%	60.13%	80.64%	29.02%
Net income ¹	456	2,542	4,337	-3,080	-8,636	-3,359	-452.8	232.5
Change	-	457.46%	70.61%	-171.02%	-180.39%	61.1%	86.52%	151.35%
Announcement Date	10/15/20	10/14/21	10/13/22	10/12/23	10/15/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: August	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	2027 Q2
Net sales ¹	34,631	34,746	36,307	32,779	34,030	34,262	33,901	33,756	32,597	32,449	33,382	34,862	35,415	35,422	36,707	37,052	36,351	37,547	39,459	38,588	36,719	37,040	39,151	38,453	37,029	37,618	40,582	39,267
Change	-	0.33%	4.49%	-9.72%	3.82%	0.68%	-1.05%	-0.43%	-3.43%	-0.45%	2.88%	4.43%	1.59%	0.02%	3.63%	0.94%	-1.89%	3.29%	5.09%	-2.21%	-4.84%	0.87%	5.7%	-1.78%	-3.7%	1.59%	7.88%	-3.24%
EBITDA ¹	1,285	1,606	1,677	1,584	1,808	1,598	2,277	1,931	1,232	993	1,179	1,528	1,282	1,013	1,028	1,244	1,220	782	949	1,146	821.7	672.7	1,009	1,011	617.8	647.9	-	-
Change	-	24.98%	4.42%	-5.55%	14.14%	-11.62%	42.49%	-15.2%	-36.2%	-19.4%	18.73%	29.6%	-16.1%	-20.98%	1.48%	21.01%	-1.93%	-35.9%	21.36%	20.76%	-28.3%	-18.13%	49.96%	0.23%	-38.89%	4.87%	-	-
EBIT ¹	919	1,126	1,318	1,225	1,459	1,236	1,777	1,657	955	744	1,014	1,215	959	683	687	900	613	424	593	785	379.9	307.5	562.8	650.7	316.4	332.3	578.5	688.1
Change	-	22.52%	17.05%	-7.06%	19.1%	-15.28%	43.77%	-6.75%	-42.37%	-22.09%	36.29%	19.82%	-21.07%	-28.78%	0.59%	31%	-31.89%	-30.83%	39.86%	32.38%	-51.61%	-19.07%	83.05%	15.61%	-51.37%	5.01%	74.07%	18.96%
Charge d'intérêts ¹	-155	-156	-140	-137	-545	-88	-86	-100	-108	-105	-110	-141	-173	-155	-99	-138	-113	-132	-122	-129	-136	-136.7	-152	-155.8	-158.5	-161	-220.5	-224
Earnings before Tax (EBT) ¹	-1,773	537	-520	946	749	908	3,814	947	-18	-758	-5,270	607	-382	-375	-358	-13,114	251	-998	-538	-4,246	-145	-182	9	32	-414	-438	-	-
Change	-	130.29%	-196.83%	281.92%	-20.82%	21.23%	320.04%	-75.17%	-101.9%	-4,111.11%	-595.25%	111.52%	-162.93%	1.83%	4.53%	-3,563.13%	101.91%	-497.61%	46.09%	-689.22%	96.59%	-25.52%	104.95%	255.56%	-1,393.75%	-5.8%	-	-
Net income ¹	-1,708	373	-308	1,026	1,197	627	3,580	883	289	-415	-3,721	703	118	-180	-67	-5,908	344	-3,005	-265	-2,853	-39	-63	-26.22	32.68	-287.2	-228.3	48.69	106.6
Change	-	121.84%	-182.57%	433.12%	16.67%	-47.62%	470.97%	-75.34%	-67.27%	-243.6%	-796.63%	118.89%	-83.21%	-252.54%	62.78%	-8,717.91%	105.82%	-973.55%	91.18%	-976.6%	98.63%	-61.54%	58.39%	224.64%	-978.91%	20.52%	121.33%	118.87%
Announcement Date	7/9/20	10/15/20	1/7/21	3/31/21	7/1/21	10/14/21	1/6/22	3/31/22	6/30/22	10/13/22	1/5/23	3/28/23	6/27/23	10/12/23	1/4/24	3/28/24	6/27/24	10/15/24	1/10/25	4/8/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Walgreens Boots Alliance, Inc.

Fiscal Period: August	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	15,722	7,787	9,202	8,323	6,440	6,287	6,844	6,206
Change	-	-50.47%	18.17%	-9.55%	-22.62%	-2.38%	8.86%	-9.32%
Announcement Date	10/15/20	10/14/21	10/13/22	10/12/23	10/15/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Walgreens Boots Alliance, Inc.

Fiscal Period: August	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	1,374	1,379	1,734	2,117	1,381	1,191	1,177	1,168
Change	-	0.36%	25.74%	22.09%	-34.77%	-13.77%	-1.19%	-0.74%
Free Cash Flow (FCF) ¹	4,111	4,176	2,165	141	-363	-378.8	408.4	850.3
Change	-	1.58%	-48.16%	-93.49%	-357.45%	-4.35%	207.82%	108.2%
Announcement Date	10/15/20	10/14/21	10/13/22	10/12/23	10/15/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Walgreens Boots Alliance, Inc.

Fiscal Period: August	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	5.12%	4.96%	4.72%	3.6%	2.71%	2.3%	2.22%	2.38%
EBIT Margin (%)	3.73%	3.86%	3.87%	2.78%	1.78%	1.32%	1.22%	1.31%
EBT Margin (%)	0.53%	1.51%	3%	-3.9%	-9.63%	-3.74%	-0.71%	-0.49%
Net margin (%)	0.33%	1.92%	3.27%	-2.21%	-5.85%	-2.22%	-0.29%	0.15%
FCF margin (%)	2.95%	3.15%	1.63%	0.1%	-0.25%	-0.25%	0.27%	0.54%
FCF / Net Income (%)	901.54%	164.28%	49.92%	-4.58%	4.2%	11.28%	-90.21%	365.76%
Profitability
ROA	0.59%	5.46%	5.06%	3.68%	-9.72%	-4.6%	-0.55%	-
ROE	18.91%	20.45%	16.39%	11.92%	12.35%	15.55%	15.28%	16.57%
Financial Health
Leverage (Debt/EBITDA)	2.2x	1.19x	1.47x	1.66x	1.61x	1.8x	2.01x	1.65x
Debt / Free cash flow	3.82x	1.86x	4.25x	59.03x	-17.74x	-16.6x	16.76x	7.3x
Capital Intensity
CAPEX / Current Assets (%)	0.98%	1.04%	1.31%	1.52%	0.94%	0.79%	0.76%	0.74%
CAPEX / EBITDA (%)	19.25%	21%	27.66%	42.32%	34.46%	34.09%	34.49%	31.12%
CAPEX / FCF (%)	33.42%	33.02%	80.09%	1,501.42%	-380.44%	-314.39%	288.12%	137.36%
Items per share
Cash flow per share ¹	6.23	6.412	4.503	2.616	1.18	2.404	2.243	3.077
Change	-	2.92%	-29.77%	-41.91%	-54.91%	103.81%	-6.68%	37.18%
Dividend per Share ¹	1.87	1.88	1.912	1.92	1.23	0.7225	0.84	0.76
Change	-	0.53%	1.73%	0.39%	-35.94%	-41.26%	16.26%	-9.52%
Book Value Per Share ¹	23.84	27.53	33.96	32.81	13.91	9.206	9.726	10.97
Change	-	15.46%	23.38%	-3.39%	-57.61%	-33.81%	5.65%	12.8%
EPS ¹	0.52	2.93	5.01	-3.57	-10.01	-3.89	-0.3097	0.3073
Change	-	463.46%	70.99%	-171.26%	-180.39%	61.14%	92.04%	199.25%
Nbr of stocks (in thousands)	866,534	864,987	864,257	863,261	863,275	864,959	864,959	864,959
Announcement Date	10/15/20	10/14/21	10/13/22	10/12/23	10/15/24	-	-	-