KERRY GROUP PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 80.4 EUR | -2.49% |
|
+0.31% | +2.21% |
| May. 02 | KERRY GROUP : Q1 FY24 – Decent start despite the challenging conditions |  |
| May. 02 | Kerry announces new buyback programme following solid first quarter | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 19,610 | 20,939 | 20,028 | 14,909 | 13,828 | 13,949 | - | - |
| Enterprise Value (EV) 1 | 21,601 | 22,884 | 22,152 | 17,127 | 13,828 | 15,684 | 15,399 | 15,146 |
| P/E ratio | 34.7 x | 37.9 x | 26.4 x | 24.7 x | 19.2 x | 19.1 x | 16.4 x | 14.6 x |
| Yield | 0.71% | 0.73% | 0.84% | 1.24% | - | 1.57% | 1.74% | 1.91% |
| Capitalization / Revenue | 2.71 x | 3.01 x | 2.72 x | 1.7 x | 1.72 x | 1.72 x | 1.64 x | 1.56 x |
| EV / Revenue | 2.98 x | 3.29 x | 3.01 x | 1.95 x | 1.72 x | 1.93 x | 1.82 x | 1.69 x |
| EV / EBITDA | 19.7 x | 22.9 x | 20.6 x | 14.1 x | 11.9 x | 12.5 x | 11.2 x | 10.2 x |
| EV / FCF | 44.9 x | 56.7 x | 61.9 x | 26.7 x | - | 24.1 x | 21.4 x | 18.2 x |
| FCF Yield | 2.23% | 1.76% | 1.61% | 3.74% | - | 4.15% | 4.67% | 5.5% |
| Price to Book | 4.3 x | 4.51 x | 3.57 x | 2.4 x | - | 2.09 x | 1.92 x | 1.76 x |
| Nbr of stocks (in thousands) | 176,509 | 176,700 | 176,845 | 176,985 | 175,792 | 173,492 | - | - |
| Reference price 2 | 111.1 | 118.5 | 113.2 | 84.24 | 78.66 | 80.40 | 80.40 | 80.40 |
| Announcement Date | 2/18/20 | 2/16/21 | 2/16/22 | 2/16/23 | 2/15/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,241 | 6,953 | 7,351 | 8,772 | 8,020 | 8,115 | 8,484 | 8,954 |
| EBITDA 1 | 1,094 | 997.9 | 1,077 | 1,216 | 1,165 | 1,256 | 1,369 | 1,485 |
| EBIT 1 | 838.4 | 727.1 | 794.7 | 911.8 | 866 | 945.9 | 1,055 | 1,166 |
| Operating Margin | 11.58% | 10.46% | 10.81% | 10.39% | 10.8% | 11.66% | 12.43% | 13.02% |
| Earnings before Tax (EBT) 1 | 645.9 | 635.3 | 816.3 | 699 | 822.6 | 858 | 972.2 | 1,083 |
| Net income 1 | 566.5 | 554.1 | 763 | 606.4 | 728.3 | 730.4 | 824.8 | 910.9 |
| Net margin | 7.82% | 7.97% | 10.38% | 6.91% | 9.08% | 9% | 9.72% | 10.17% |
| EPS 2 | 3.199 | 3.125 | 4.296 | 3.413 | 4.097 | 4.218 | 4.893 | 5.498 |
| Free Cash Flow 1 | 481.1 | 403.7 | 357.6 | 640.4 | - | 650.5 | 719.1 | 833 |
| FCF margin | 6.64% | 5.81% | 4.86% | 7.3% | - | 8.02% | 8.48% | 9.3% |
| FCF Conversion (EBITDA) | 43.97% | 40.45% | 33.2% | 52.66% | - | 51.79% | 52.52% | 56.11% |
| FCF Conversion (Net income) | 84.92% | 72.86% | 46.87% | 105.61% | - | 89.07% | 87.18% | 91.45% |
| Dividend per Share 2 | 0.7860 | 0.8650 | 0.9520 | 1.048 | - | 1.266 | 1.395 | 1.534 |
| Announcement Date | 2/18/20 | 2/16/21 | 2/16/22 | 2/16/23 | 2/15/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,672 | 3,414 | 3,539 | 3,582 | 3,768 | 4,058 | 4,714 | 4,122 | 3,899 | 3,930 | 4,039 |
| EBITDA 1 | - | - | - | 457.9 | - | 517.7 | 698.4 | 518 | 647.1 | 544 | 699 |
| EBIT 1 | - | 315.9 | 444.9 | 357.1 | - | - | 544.2 | 366.9 | 499.1 | 394 | 542 |
| Operating Margin | - | 9.25% | 12.57% | 9.97% | - | - | 11.54% | 8.9% | 12.8% | 10.03% | 13.42% |
| Earnings before Tax (EBT) | - | 244.9 | - | 262.9 | - | - | - | - | - | - | - |
| Net income | - | 213.1 | - | 227 | - | - | - | - | - | - | - |
| Net margin | - | 6.24% | - | 6.34% | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/18/20 | 7/31/20 | 2/16/21 | 7/30/21 | 2/16/22 | 7/29/22 | 2/16/23 | 8/2/23 | 2/15/24 | - | - |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,991 | 1,946 | 2,124 | 2,217 | - | 1,735 | 1,450 | 1,197 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.82 x | 1.95 x | 1.972 x | 1.823 x | - | 1.381 x | 1.059 x | 0.8065 x |
| Free Cash Flow 1 | 481 | 404 | 358 | 640 | - | 651 | 719 | 833 |
| ROE (net income / shareholders' equity) | 13.2% | 13.3% | 14.9% | 13.2% | - | 11.8% | 12.2% | 12.3% |
| ROA (Net income/ Total Assets) | 6.36% | 6.45% | 7.32% | 6.6% | - | 6.4% | 6.79% | 6.95% |
| Assets 1 | 8,914 | 8,587 | 10,419 | 9,186 | - | 11,417 | 12,141 | 13,100 |
| Book Value Per Share 2 | 25.80 | 26.30 | 31.70 | 35.20 | - | 38.50 | 42.00 | 45.70 |
| Cash Flow per Share 2 | 4.310 | 3.790 | 3.680 | 4.060 | - | 5.760 | 6.150 | 6.590 |
| Capex 1 | 283 | 269 | 296 | 183 | - | 322 | 344 | 373 |
| Capex / Sales | 3.91% | 3.86% | 4.03% | 2.09% | - | 3.97% | 4.06% | 4.17% |
| Announcement Date | 2/18/20 | 2/16/21 | 2/16/22 | 2/16/23 | 2/15/24 | - | - | - |
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
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
80.4
EUR
Average target price
96.89
EUR
Spread / Average Target
+20.51%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +2.21% | 15.03B | |
| -5.94% | 266B | |
| -3.51% | 93.75B | |
| -1.70% | 44.14B | |
| +6.16% | 40.42B | |
| -1.60% | 39.92B | |
| +7.31% | 39.47B | |
| -18.07% | 29.26B | |
| -7.67% | 28.39B | |
| +12.84% | 25.04B |
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- Financials Kerry Group plc
