Financials Newell Brands Inc.

Equities

NWL

US6512291062

Appliances, Tools & Housewares

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-07 pm EDT			5-day change	1st Jan Change
7.96 ^USD	+2.31%		+0.25%	-8.29%

Apr. 30	Barclays Adjusts Price Target on Newell Brands to $7 From $6, Maintains Underweight Rating	MT
Apr. 29	Citigroup Adjusts Price Target on Newell Brands to $8 From $7.50, Maintains Neutral Rating	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	8,138	9,008	9,291	5,410	3,595	3,230	-	-
Enterprise Value (EV) ¹	13,513	13,634	13,737	10,500	8,167	7,812	7,528	7,293
P/E ratio	76.9 x	-11.7 x	16.3 x	27.8 x	-9.23 x	18 x	11.9 x	9.73 x
Yield	4.79%	4.33%	4.21%	7.03%	5.07%	3.71%	3.09%	3.68%
Capitalization / Revenue	0.84 x	0.96 x	0.88 x	0.57 x	0.44 x	0.42 x	0.42 x	0.41 x
EV / Revenue	1.39 x	1.45 x	1.3 x	1.11 x	1 x	1.02 x	0.98 x	0.92 x
EV / EBITDA	9.91 x	10.5 x	9.21 x	8.39 x	9.03 x	8.43 x	7.38 x	6.5 x
EV / FCF	17.3 x	11.6 x	23.1 x	-18 x	12.6 x	38 x	27.9 x	-
FCF Yield	5.77%	8.6%	4.33%	-5.56%	7.91%	2.63%	3.58%	-
Price to Book	1.64 x	2.32 x	2.27 x	1.54 x	1.16 x	1 x	0.94 x	0.84 x
Nbr of stocks (in thousands)	423,400	424,300	425,400	413,598	414,197	415,161	-	-
Reference price ²	19.22	21.23	21.84	13.08	8.680	7.780	7.780	7.780
Announcement Date	2/14/20	2/12/21	2/11/22	2/10/23	2/9/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	9,715	9,385	10,589	9,459	8,133	7,630	7,717	7,909
EBITDA ¹	1,364	1,296	1,492	1,252	904	926.5	1,019	1,122
EBIT ¹	1,048	1,038	1,167	956	570	605	687.5	769.4
Operating Margin	10.79%	11.06%	11.02%	10.11%	7.01%	7.93%	8.91%	9.73%
Earnings before Tax (EBT) ¹	-851.6	-1,006	693	157	-543	250.8	408.9	528
Net income ¹	106.6	-770	572	197	-388	212.1	285.4	396
Net margin	1.1%	-8.2%	5.4%	2.08%	-4.77%	2.78%	3.7%	5.01%
EPS ²	0.2500	-1.820	1.340	0.4700	-0.9400	0.4318	0.6529	0.8000
Free Cash Flow ¹	779.1	1,173	595	-584	646	205.5	269.7	-
FCF margin	8.02%	12.5%	5.62%	-6.17%	7.94%	2.69%	3.49%	-
FCF Conversion (EBITDA)	57.14%	90.51%	39.88%	-	71.46%	22.18%	26.46%	-
FCF Conversion (Net income)	730.86%	-	104.02%	-	-	96.88%	94.51%	-
Dividend per Share ²	0.9200	0.9200	0.9200	0.9200	0.4400	0.2888	0.2407	0.2863
Announcement Date	2/14/20	2/12/21	2/11/22	2/10/23	2/9/24	-	-	-

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	2,805	2,388	2,534	2,252	2,285	1,805	2,204	2,048	2,076	1,653	2,045	1,934	1,992	1,657	2,073
EBITDA ¹	360	330	415	304	187	124	279	248	253	161	272.2	255.2	241.9	169.4	301
EBIT ¹	279	254	344	229	113	43	201	167	159	76	192.2	175.1	165.1	91.25	217.9
Operating Margin	9.95%	10.64%	13.58%	10.17%	4.95%	2.38%	9.12%	8.15%	7.66%	4.6%	9.4%	9.05%	8.29%	5.51%	10.51%
Earnings before Tax (EBT) ¹	109	282	254	-30	-330	-116	35	-298	-164	-60	130	97.8	85	14.9	147.8
Net income ¹	96	234	204	31	-249	-102	18	-218	-86	-9	100.4	78.05	67.8	12.4	122.7
Net margin	3.42%	9.8%	8.05%	1.38%	-10.9%	-5.65%	0.82%	-10.64%	-4.14%	-0.54%	4.91%	4.04%	3.4%	0.75%	5.92%
EPS ²	0.2200	0.5500	0.4900	0.0700	-0.6000	-0.2500	0.0400	-0.5300	-0.2100	-0.0200	0.1820	0.1434	0.1292	0.0100	0.3050
Dividend per Share ²	0.2300	0.2300	0.2300	0.2300	0.2300	0.2300	0.0700	0.0700	0.0700	-	0.0700	0.0700	0.0700	0.0716	0.0700
Announcement Date	2/11/22	4/29/22	7/29/22	10/28/22	2/10/23	4/28/23	7/28/23	10/27/23	2/9/24	4/26/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	5,375	4,626	4,446	5,090	4,572	4,582	4,298	4,063
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	3.942 x	3.569 x	2.98 x	4.065 x	5.058 x	4.945 x	4.216 x	3.622 x
Free Cash Flow ¹	779	1,173	595	-584	646	206	270	-
ROE (net income / shareholders' equity)	14.2%	17.2%	19.5%	17%	9.95%	7.88%	9.71%	10.8%
ROA (Net income/ Total Assets)	4.33%	5.01%	5.39%	4.75%	2.6%	2.05%	2.74%	3.39%
Assets ¹	2,463	-15,369	10,616	4,146	-14,947	10,343	10,426	11,677
Book Value Per Share ²	11.70	9.130	9.610	8.510	7.520	7.800	8.300	9.210
Cash Flow per Share ²	2.460	3.380	2.070	-0.6500	2.250	1.540	1.630	0.9100
Capex ¹	265	259	289	312	284	289	302	280
Capex / Sales	2.73%	2.76%	2.73%	3.3%	3.49%	3.79%	3.91%	3.55%
Announcement Date	2/14/20	2/12/21	2/11/22	2/10/23	2/9/24	-	-	-

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

Ratings for Newell Brands Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

7.96 USD

Average target price

8.136 USD

Spread / Average Target

+2.22%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Appliances, Tools & Housewares

	1st Jan change	Capi.
NEWELL BRANDS INC.	-8.29%	3.23B
MIDEA GROUP CO., LTD.	+30.15%	67.5B
HAIER SMART HOME CO., LTD.	+48.95%	38.5B
SHARKNINJA, INC.	+30.80%	9.18B
SEB S.A.	+1.15%	6.7B
ZHEJIANG SUPOR CO., LTD.	+11.32%	6.63B
DE'LONGHI S.P.A.	+8.26%	5.23B
HUSQVARNA AB	+5.45%	4.6B
SPECTRUM BRANDS HOLDINGS, INC.	+6.93%	2.58B
BREVILLE GROUP LIMITED	-4.00%	2.47B

Other Appliances, Tools & Housewares