Financials Whirlpool Corporation

Equities

WHR

US9633201069

Appliances, Tools & Housewares

Real-time Estimate Cboe BZX Other stock markets 10:05:42 2025-06-13 am EDT			5-day change	1st Jan Change
91.07 ^USD	+4.01%		+9.48%	-20.60%

10:03am	BofA Securities Upgrades Whirlpool to Neutral From Underperform, Raises Price Target to $94 From $68	MT
Jun. 09	Whirlpool Plans $1.2 Billion Senior Notes Offering	MT

Projected Income Statement: Whirlpool Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	19,456	21,985	19,724	19,455	16,607	15,609	15,796	16,508
Change	-	13%	-10.28%	-1.36%	-14.64%	-6.01%	1.2%	4.51%
EBITDA ¹	2,336	2,873	1,835	1,552	1,220	1,371	1,480	1,642
Change	-	22.99%	-36.13%	-15.42%	-21.39%	12.37%	7.96%	10.95%
EBIT ¹	1,768	2,379	1,360	1,191	887	1,014	1,111	1,251
Change	-	34.56%	-42.83%	-12.43%	-25.52%	14.34%	9.54%	12.62%
Interest Paid ¹	-189	-175	-190	-351	-358	-332.8	-309.7	-276
Earnings before Tax (EBT) ¹	1,455	2,332	-1,227	593	-188	600.5	803.1	1,014
Change	-	60.27%	-152.62%	148.33%	-131.7%	419.39%	33.74%	26.25%
Net income ¹	1,081	1,783	-1,519	481	-323	459.9	609.9	713.8
Change	-	64.94%	-185.19%	131.67%	-167.15%	242.38%	32.61%	17.04%
Announcement Date	1/27/21	1/26/22	1/30/23	1/29/24	1/29/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	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	4,042	5,291	5,798	5,358	5,324	5,488	5,815	4,920	5,097	4,784	4,923	4,649	4,792	4,926	5,088	4,490	3,989	3,993	4,136	3,621	3,885	3,947	4,131	3,591	3,906	4,102	4,309	3,690
Change	-	30.9%	9.58%	-7.59%	-0.63%	3.08%	5.96%	-15.39%	3.6%	-6.14%	2.91%	-5.57%	3.08%	2.8%	3.29%	-11.75%	-11.16%	0.1%	3.58%	-12.45%	7.29%	1.59%	4.67%	-13.08%	8.8%	5%	5.05%	-14.37%
EBITDA ¹	343	781	811	805	725	727	618	575	575	383	302	340	441	406	365	284	293	312	332	297	315	366	381.3	323.9	382	407.5	429.5	316
Change	-	127.7%	3.84%	-0.74%	-9.94%	0.28%	-14.99%	-6.96%	0%	-33.39%	-21.15%	12.58%	29.71%	-7.94%	-10.1%	-22.19%	3.17%	6.48%	6.41%	-10.54%	6.06%	16.18%	4.19%	-15.06%	17.94%	6.68%	5.4%	-26.43%
EBIT ¹	210	635	657	664	607	608	502	463	461	265	171	251	352	322	266	195	212	233	248	214	222.5	275	294.8	237.1	285.5	309.5	330.5	221
Change	-	202.38%	3.46%	1.07%	-8.58%	0.16%	-17.43%	-7.77%	-0.43%	-42.52%	-35.47%	46.78%	40.24%	-8.52%	-17.39%	-26.69%	8.72%	9.91%	6.44%	-13.71%	3.99%	23.57%	7.22%	-19.6%	20.44%	8.41%	6.79%	-33.13%
Charge d'intérêts ¹	-49	-51	-46	-45	-45	-44	-42	-41	-45	-40	-64	-75	-89	-95	-92	-90	-93	-92	-83	-77	-85.38	-86.12	-84.12	-74.5	-75	-74.5	-72.5	-72
Earnings before Tax (EBT) ¹	43	541	653	599	674	586	471	427	-332	200	-1,523	-109	204	172	326	-177	30	179	-218	139	125.6	180.1	199	214	226	259	273	-
Change	-	1,158.14%	20.7%	-8.27%	12.52%	-13.06%	-19.62%	-9.34%	-177.75%	160.24%	-861.5%	92.84%	287.16%	-15.69%	89.53%	-154.29%	116.95%	496.67%	-221.79%	163.76%	-9.68%	43.45%	10.49%	7.54%	5.61%	14.6%	5.41%	-
Net income ¹	35	397	497	433	581	471	298	313	-371	143	-1,605	-179	85	83	491	-259	219	109	-393	71	91.56	137.4	149.8	125	155	173	186.5	95
Change	-	1,034.29%	25.19%	-12.88%	34.18%	-18.93%	-36.73%	5.03%	-218.53%	138.54%	-1,222.38%	88.85%	147.49%	-2.35%	491.57%	-152.75%	184.56%	-50.23%	-460.55%	118.07%	28.96%	50.11%	9.02%	-16.58%	24%	11.61%	7.8%	-49.06%
Announcement Date	7/22/20	10/21/20	1/27/21	4/21/21	7/21/21	10/21/21	1/26/22	4/25/22	7/25/22	10/20/22	1/30/23	4/24/23	7/24/23	10/25/23	1/29/24	4/24/24	7/24/24	10/23/24	1/29/25	4/23/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Whirlpool Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	2,445	2,193	5,657	5,661	5,351	5,296	5,147	5,669
Change	-	-10.31%	157.96%	0.07%	-5.48%	-1.03%	-2.81%	10.14%
Announcement Date	1/27/21	1/26/22	1/30/23	1/29/24	1/29/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Whirlpool Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	410	525	570	549	451	450.3	480.6	524.4
Change	-	28.05%	8.57%	-3.68%	-17.85%	-0.16%	6.74%	9.11%
Free Cash Flow (FCF) ¹	1,090	1,651	820	366	385	500.7	611.6	741.4
Change	-	51.47%	-50.33%	-55.37%	5.19%	30.06%	22.15%	21.21%
Announcement Date	1/27/21	1/26/22	1/30/23	1/29/24	1/29/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Whirlpool Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	12.01%	13.07%	9.3%	7.98%	7.35%	8.78%	9.37%	9.95%
EBIT Margin (%)	9.09%	10.82%	6.9%	6.12%	5.34%	6.5%	7.03%	7.58%
EBT Margin (%)	7.48%	10.61%	-6.22%	3.05%	-1.13%	3.85%	5.08%	6.14%
Net margin (%)	5.56%	8.11%	-7.7%	2.47%	-1.94%	2.95%	3.86%	4.32%
FCF margin (%)	5.6%	7.51%	4.16%	1.88%	2.32%	3.21%	3.87%	4.49%
FCF / Net Income (%)	100.83%	92.6%	-53.98%	76.09%	-119.2%	108.88%	100.29%	103.86%
Profitability
ROA	5.99%	8.21%	5.87%	5.18%	4%	2.85%	3.55%	3.5%
ROE	33.58%	40.84%	-42.3%	37.98%	26.67%	15.56%	18.48%	17%
Financial Health
Leverage (Debt/EBITDA)	1.05x	0.76x	3.08x	3.65x	4.39x	3.86x	3.48x	3.45x
Debt / Free cash flow	2.24x	1.33x	6.9x	15.47x	13.9x	10.58x	8.41x	7.65x
Capital Intensity
CAPEX / Current Assets (%)	2.11%	2.39%	2.89%	2.82%	2.72%	2.88%	3.04%	3.18%
CAPEX / EBITDA (%)	17.55%	18.27%	31.06%	35.37%	36.97%	32.84%	32.47%	31.93%
CAPEX / FCF (%)	37.61%	31.8%	69.51%	150%	117.14%	89.92%	78.58%	70.73%
Items per share
Cash flow per share ¹	23.7	34.59	24.87	16.58	15.15	14.96	18.74	-
Change	-	45.99%	-28.12%	-33.34%	-8.58%	-1.3%	25.33%	-
Dividend per Share ¹	4.85	5.45	7	7	7	6.997	7	7
Change	-	12.37%	28.44%	0%	0%	-0.04%	0.04%	0%
Book Value Per Share ¹	61.27	82.14	43.26	42.95	48.78	52.68	54.89	60.51
Change	-	34.05%	-47.33%	-0.73%	13.59%	7.98%	4.2%	10.24%
EPS ¹	17.07	28.36	-27.18	8.72	-5.87	8.164	10.53	12.58
Change	-	66.14%	-195.84%	132.08%	-167.32%	239.08%	28.93%	19.55%
Nbr of stocks (in thousands)	62,547	60,743	54,478	54,853	55,140	55,610	55,610	55,610
Announcement Date	1/27/21	1/26/22	1/30/23	1/29/24	1/29/25	-	-	-