Financials Wolters Kluwer

Equities

WKL

NL0000395903

Professional Information Services

Market Closed - Euronext Amsterdam 11:35:08 2023-11-30 am EST Intraday chart for Wolters Kluwer 5-day change 1st Jan Change
126.30 EUR +0.28% +1.73% +29.19%

Valuation

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 14 005 17 333 18 124 26 801 24 328 30 580 - -
Enterprise Value (EV) 1 16 031 19 540 20 507 28 932 26 581 33 100 33 237 33 246
P/E ratio 22,0x 26,4x 25,6x 37,3x 24,4x 31,6x 28,3x 25,5x
Yield 1,90% 1,81% 1,97% 1,52% 1,85% 1,55% 1,69% 1,84%
Capitalization / Revenue 3,29x 3,76x 3,94x 5,62x 4,46x 5,47x 5,15x 4,88x
EV / Revenue 3,76x 4,24x 4,46x 6,06x 4,87x 5,92x 5,59x 5,31x
EV / EBITDA 13,4x 14,1x 14,4x 19,1x 15,4x 18,4x 17,2x 16,2x
EV / FCF 22,3x 22,3x 22,6x 28,6x 21,8x 26,5x 26,0x 24,3x
FCF Yield 4,49% 4,48% 4,42% 3,49% 4,59% 3,77% 3,84% 4,11%
Price to Book 6,31x 7,29x 8,68x 11,1x 10,5x 15,2x 14,9x 13,7x
Nbr of stocks (in thousands) 271 099 266 576 262 443 258 696 248 852 242 123 - -
Reference price 2 51,7 65,0 69,1 104 97,8 126 126 126
Announcement Date 02/20/19 02/26/20 02/24/21 02/23/22 02/22/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 4 260 4 612 4 603 4 771 5 453 5 595 5 942 6 266
EBITDA 1 1 200 1 382 1 422 1 514 1 730 1 797 1 928 2 056
EBIT 1 980 1 089 1 124 1 205 1 424 1 466 1 588 1 706
Operating Margin 23,0% 23,6% 24,4% 25,3% 26,1% 26,2% 26,7% 27,2%
Earnings before Tax (EBT) 1 891 858 937 929 1 276 1 196 1 297 1 356
Net income 1 657 669 721 728 1 027 998 1 081 1 167
Net margin 15,4% 14,5% 15,7% 15,3% 18,8% 17,8% 18,2% 18,6%
EPS 2 2,35 2,46 2,70 2,78 4,01 3,99 4,46 4,94
Free Cash Flow 1 720 876 907 1 010 1 220 1 249 1 277 1 366
FCF margin 16,9% 19,0% 19,7% 21,2% 22,4% 22,3% 21,5% 21,8%
FCF Conversion (EBITDA) 60,0% 63,4% 63,8% 66,7% 70,5% 69,5% 66,2% 66,4%
FCF Conversion (Net income) 110% 131% 126% 139% 119% 125% 118% 117%
Dividend per Share 2 0,98 1,18 1,36 1,57 1,81 1,95 2,13 2,33
Announcement Date 20/02/19 26/02/20 24/02/21 23/02/22 22/02/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period : December 2019 S1 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2
Net sales 1 2 204 2 408 2 294 2 309 2 280 2 491 2 600 2 853 2 725 2 872
EBITDA - - - - - - - - - -
EBIT 1 497 - 577 - 613 592 734 690 711 753
Operating Margin 22,5% - 25,2% - 26,9% 23,8% 28,2% 24,2% 26,1% 26,2%
Earnings before Tax (EBT) - - - - 476 - - - - -
Net income - - - - - - - - 479 -
Net margin - - - - - - - - 17,6% -
EPS - - - - - - - - 1,93 -
Dividend per Share 0,39 0,79 0,47 - 0,54 - - - - -
Announcement Date 31.07.19 26.02.20 05.08.20 24.02.21 04.08.21 23.02.22 03.08.22 22.02.23 02.08.23 -
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 2 026 2 207 2 383 2 131 2 253 2 520 2 657 2 666
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1,69x 1,60x 1,68x 1,41x 1,30x 1,40x 1,38x 1,30x
Free Cash Flow 1 720 876 907 1 010 1 220 1 249 1 277 1 366
ROE (net income / shareholders' equity) 30,4% 28,9% 32,3% 32,3% 43,5% 49,8% 58,9% 62,9%
Shareholders' equity 1 2 164 2 317 2 234 2 252 2 364 2 005 1 835 1 857
ROA (Net income/ Total Assets) 8,12% 7,73% 8,40% 9,47% 11,1% 11,0% 11,9% 12,7%
Assets 1 8 088 8 660 8 583 7 685 9 269 9 069 9 117 9 178
Book Value Per Share 2 8,19 8,92 7,95 9,36 9,29 8,29 8,48 9,23
Cash Flow per Share 2 3,35 4,05 4,49 4,94 6,18 5,95 6,42 6,90
Capex 1 214 226 231 239 295 359 375 391
Capex / Sales 5,02% 4,90% 5,02% 5,01% 5,41% 6,41% 6,31% 6,23%
Announcement Date 20.02.19 26.02.20 24.02.21 23.02.22 22.02.23 - - -
1EUR in Million2EUR
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
12
Last Close Price
126.30EUR
Average target price
125.83EUR
Spread / Average Target
-0.37%
Consensus

Quarterly revenue - Rate of surprise

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