Cash flow Beiersdorf

Equities

BEI

DE0005200000

Personal Products

Market Closed - Xetra Other stock markets 11:35:28 2025-06-20 EDT			5-day change	1st Jan Change
106.50 ^EUR	+0.42%		-7.75%	-14.11%

06-20	Jefferies lowers target for Beiersdorf to €140 – 'Buy'	DP
06-20	BEIERSDORF AG : Jefferies reaffirms its Buy rating	ZD

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Published financial data: BEIERSDORF

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	7.02B	7.63B	8.8B	9.45B	9.85B
Total Revenues	7.02B	7.63B	8.8B	9.45B	9.85B
Cost of Goods Sold, Total	2.98B	3.27B	3.84B	4.03B	4.09B
Gross Profit	4.04B	4.36B	4.96B	5.42B	5.76B
Selling General & Admin Expenses, Total	2.89B	3.13B	3.53B	3.83B	4.08B
R&D Expenses	246M	268M	291M	320M	354M
Other Operating Expenses	-7M	-45M	-85M	80M	-26M
Other Operating Expenses, Total	3.13B	3.35B	3.74B	4.23B	4.4B
Operating Income	908M	1.01B	1.22B	1.18B	1.36B
Interest Expense, Total	-13M	-14M	-16M	-26M	-45M
Interest And Investment Income	33M	32M	36M	43M	72M
Net Interest Expenses	20M	18M	20M	17M	27M
Currency Exchange Gains (Loss)	-14M	5M	-69M	-47M	-16M
Other Non Operating Income (Expenses)	-18M	-36M	-6M	-5M	15M
EBT, Excl. Unusual Items	896M	993M	1.16B	1.15B	1.38B
Restructuring Charges	-48M	-54M	-61M	-31M	-67M
Merger & Related Restructuring Charges	-14M	-17M	-6M	-7M	-7M
Impairment of Goodwill	-10M	-9M	-8M	-5M	-5M
Gain (Loss) On Sale Of Assets	-3M	0	12M	7M	30M
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-6M	-5M	-8M	-7M
EBT, Incl. Unusual Items	821M	907M	1.1B	1.1B	1.33B
Income Tax Expense	244M	252M	325M	356M	398M
Earnings From Continuing Operations	577M	655M	771M	749M	928M
Net Income to Company	577M	655M	771M	749M	928M
Minority Interest	-17M	-17M	-16M	-13M	-16M
Net Income - (IS)	560M	638M	755M	736M	912M
Net Income to Common Incl Extra Items	560M	638M	755M	736M	912M
Net Income to Common Excl. Extra Items	560M	638M	755M	736M	912M
Per Share Items
Net EPS - Basic	2.47	2.81	3.33	3.24	4.05
Basic EPS - Continuing Operations	2.47	2.81	3.33	3.24	4.05
Basic Weighted Average Shares Outstanding	227M	227M	227M	227M	225M
Net EPS - Diluted	2.47	2.81	3.33	3.24	4.05
Diluted EPS - Continuing Operations	2.47	2.81	3.33	3.24	4.05
Diluted Weighted Average Shares Outstanding	227M	227M	227M	227M	225M
Normalized Basic EPS	2.39	2.66	3.14	3.11	3.77
Normalized Diluted EPS	2.39	2.66	3.14	3.11	3.77
Dividend Per Share	0.7	0.7	0.7	1	1
Payout Ratio	28.39	24.92	21.06	21.6	24.89
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	1.09B	1.22B	1.43B	1.4B	1.6B
EBITA	932M	1.03B	1.25B	1.22B	1.4B
EBIT	908M	1.01B	1.22B	1.18B	1.36B
EBITDAR	1.11B	1.24B	1.46B	1.44B	1.64B
Effective Tax Rate - (Ratio)	29.72	27.78	29.65	32.22	30.02
Current Domestic Taxes	64M	76M	65M	109M	159M
Current Foreign Taxes	191M	193M	272M	307M	267M
Total Current Taxes	255M	269M	337M	416M	426M
Total Deferred Taxes	-11M	-17M	-12M	-60M	-28M
Normalized Net Income	543M	604M	712M	705M	848M
Interest on Long-Term Debt	-	-	-	6M	-
Non-Cash Pension Expense	9M	8M	18M	12M	10M
Supplemental Operating Expense Items
Marketing Expenses	1.55B	1.69B	1.88B	2.08B	2.26B
Selling and Marketing Expenses	2.48B	2.68B	3B	3.25B	3.46B
General and Administrative Expenses	400M	448M	524M	570M	605M
Research And Development Expense From Footnotes	246M	268M	291M	320M	354M
Net Rental Expense, Total	22M	27M	34M	40M	49M
Imputed Operating Lease Interest Expense	9.78M	20.3M	21.13M	48.51M	163M
Imputed Operating Lease Depreciation	12.22M	6.7M	12.87M	-8.51M	-114M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1B	1.04B	1.08B	1.13B	1.21B
Short Term Investments	605M	724M	835M	1.1B	875M
Trading Asset Securities, Total	112M	16M	83M	288M	421M
Total Cash And Short Term Investments	1.72B	1.78B	2B	2.52B	2.5B
Accounts Receivable, Total	1.24B	1.31B	1.51B	1.6B	1.79B
Other Receivables	169M	207M	205M	227M	250M
Total Receivables	1.41B	1.51B	1.71B	1.82B	2.04B
Inventory	1B	1.14B	1.56B	1.51B	1.61B
Other Current Assets, Total	140M	198M	274M	254M	284M
Total Current Assets	4.28B	4.63B	5.54B	6.11B	6.44B
Gross Property Plant And Equipment	3.17B	3.34B	3.44B	4.03B	4.99B
Accumulated Depreciation	-1.88B	-2.02B	-2.04B	-2.12B	-2.27B
Net Property Plant And Equipment	1.29B	1.32B	1.4B	1.91B	2.72B
Long-term Investments	3.42B	3.94B	3.18B	2.68B	2.47B
Goodwill	239M	244M	766M	584M	569M
Other Intangibles, Total	306M	294M	345M	354M	319M
Deferred Tax Assets Long-Term	289M	292M	258M	304M	325M
Other Long-Term Assets, Total	391M	583M	853M	687M	172M
Total Assets	10.2B	11.3B	12.35B	12.63B	13.01B
Liabilities
Accounts Payable, Total	1.64B	1.97B	2.33B	2.23B	2.57B
Accrued Expenses, Total	376M	441M	489M	530M	510M
Short-term Borrowings	55M	95M	163M	20M	30M
Current Portion of Leases	72M	76M	78M	82M	84M
Current Income Taxes Payable	156M	160M	183M	152M	195M
Other Current Liabilities	448M	580M	520M	486M	306M
Total Current Liabilities	2.75B	3.32B	3.76B	3.5B	3.7B
Long-Term Leases	-	-	-	-	-
Pension & Other Post Retirement Benefits	972M	808M	382M	350M	328M
Deferred Tax Liability Non Current	13M	38M	137M	133M	135M
Other Non Current Liabilities	208M	234M	263M	303M	357M
Total Liabilities	3.94B	4.4B	4.54B	4.29B	4.52B
Common Stock, Total	252M	252M	252M	252M	248M
Additional Paid In Capital	47M	47M	47M	47M	47M
Retained Earnings	6.28B	6.88B	7.72B	8.32B	8.51B
Comprehensive Income and Other	-343M	-307M	-239M	-292M	-328M
Total Common Equity	6.24B	6.87B	7.78B	8.32B	8.48B
Minority Interest	24M	23M	20M	17M	20M
Total Equity	6.26B	6.89B	7.8B	8.34B	8.5B
Total Liabilities And Equity	10.2B	11.3B	12.35B	12.63B	13.01B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	227M	227M	227M	227M	223M
ECS Total Common Shares Outstanding	227M	227M	227M	227M	223M
Book Value / Share	27.51	30.29	34.32	36.69	37.97
Tangible Book Value	5.69B	6.33B	6.67B	7.38B	7.59B
Tangible Book Value Per Share	25.1	27.92	29.42	32.55	33.99
Total Debt	127M	171M	241M	102M	114M
Net Debt	-1.6B	-1.6B	-1.76B	-2.42B	-2.39B
Debt Equivalent of Unfunded Proj. Benefit Obligation	965M	782M	345M	321M	292M
Debt Equivalent Oper. Leases	176M	216M	272M	320M	392M
Minority Interest, Total (Incl. Fin. Div)	24M	23M	20M	17M	20M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	217M	266M	366M	363M	407M
Inventories - Work In Process, Total	56M	63M	78M	77M	85M
Inventories - Finished Goods, Total	725M	811M	1.11B	1.07B	1.11B
Inventories - Others	3M	4M	4M	5M	8M
Land - (BS)	966M	992M	989M	1.35B	1.42B
Machinery, Total	1.94B	2.01B	2.07B	2.23B	2.4B
Full Time Employees	20.31K	20.57K	21.4K	21.96K	22.79K
Accumulated Allowance for Doubtful Accounts (Supple)	51M	50M	54M	68M	77M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	560M	638M	755M	736M	912M
Depreciation & Amortization - CF	223M	252M	246M	251M	268M
Amortization of Goodwill and Intangible Assets - (CF)	24M	26M	33M	37M	47M
Depreciation & Amortization, Total	247M	278M	279M	288M	315M
(Gain) Loss From Sale Of Asset	3M	-9M	-5M	-6M	3M
Asset Writedown & Restructuring Costs	10M	9M	8M	161M	42M
Other Operating Activities, Total	-18M	-19M	47M	-122M	-3M
Change In Accounts Receivable	195M	-195M	-288M	-108M	-219M
Change In Inventories	11M	-145M	-395M	43M	-98M
Change in Other Net Operating Assets	-24M	436M	396M	-51M	279M
Cash from Operations	984M	993M	797M	941M	1.23B
Capital Expenditure	-280M	-413M	-548M	-517M	-437M
Sale of Property, Plant, and Equipment	8M	45M	29M	16M	22M
Cash Acquisitions	-	-	-545M	-	-
Divestitures	-	10M	10M	23M	-
Investment in Marketable and Equity Securities, Total	-512M	-548M	576M	62M	186M
Other Investing Activities, Total	53M	61M	76M	75M	103M
Cash from Investing	-731M	-845M	-402M	-341M	-126M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	111M	185M	451M	16M	116M
Total Debt Issued	111M	185M	451M	16M	116M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-238M	-123M	-515M	-268M	-344M
Total Debt Repaid	-238M	-123M	-515M	-268M	-344M
Repurchase of Common Stock	-	-	-	-	-501M
Common Dividends Paid	-159M	-159M	-159M	-159M	-227M
Common & Preferred Stock Dividends Paid	-159M	-159M	-159M	-159M	-227M
Other Financing Activities, Total	-31M	-44M	-122M	-81M	-73M
Cash from Financing	-317M	-141M	-345M	-492M	-1.03B
Foreign Exchange Rate Adjustments	-76M	24M	-6M	-55M	-2M
Net Change in Cash	-140M	31M	44M	53M	74M
Supplemental Items
Cash Interest Paid	9M	12M	15M	19M	30M
Cash Income Tax Paid (Refund)	291M	305M	312M	464M	404M
Levered Free Cash Flow	847M	716M	160M	328M	532M
Unlevered Free Cash Flow	856M	725M	170M	344M	560M
Change In Net Working Capital	-321M	-231M	323M	167M	165M
Net Debt Issued / Repaid	-127M	62M	-64M	-252M	-228M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	5.6	5.85	6.44	5.93	6.61
Return on Total Capital	8.85	9.35	10.08	8.98	9.94
Return On Equity %	9.34	9.96	10.49	9.28	11.03
Return on Common Equity	9.1	9.73	10.3	9.14	10.86
Margin Analysis
Gross Profit Margin %	57.52	57.17	56.34	57.33	58.48
SG&A Margin	41.2	41.05	40.14	40.56	41.38
EBITDA Margin %	15.54	15.96	16.24	14.84	16.2
EBITA Margin %	13.27	13.53	14.23	12.92	14.24
EBIT Margin %	12.93	13.19	13.85	12.53	13.77
Income From Continuing Operations Margin %	8.21	8.59	8.76	7.93	9.42
Net Income Margin %	7.97	8.36	8.58	7.79	9.26
Net Avail. For Common Margin %	7.97	8.36	8.58	7.79	9.26
Normalized Net Income Margin	7.73	7.91	8.09	7.46	8.61
Levered Free Cash Flow Margin	12.06	9.39	1.82	3.47	5.4
Unlevered Free Cash Flow Margin	12.18	9.5	1.93	3.64	5.69
Asset Turnover
Asset Turnover	0.69	0.71	0.74	0.76	0.77
Fixed Assets Turnover	5.29	5.85	6.47	5.7	3.75
Receivables Turnover (Average Receivables)	5.23	5.98	6.25	6.08	5.81
Inventory Turnover (Average Inventory)	2.96	3.05	2.84	2.63	2.62
Short Term Liquidity
Current Ratio	1.56	1.39	1.47	1.74	1.74
Quick Ratio	1.14	0.99	0.99	1.24	1.23
Operating Cash Flow to Current Liabilities	0.36	0.3	0.21	0.27	0.33
Days Sales Outstanding (Average Receivables)	69.97	61.02	58.36	60	62.98
Days Outstanding Inventory (Average Inventory)	123.45	119.82	128.3	139.04	139.87
Average Days Payable Outstanding	203.25	193.47	184.47	208.77	209.96
Cash Conversion Cycle (Average Days)	-9.83	-12.63	2.19	-9.73	-7.11
Long Term Solvency
Total Debt/Equity	2.03	2.48	3.09	1.22	1.34
Total Debt / Total Capital	1.99	2.42	3	1.21	1.32
LT Debt/Equity	-	-	-	-	-
Long-Term Debt / Total Capital	-	-	-	-	-
Total Liabilities / Total Assets	38.63	38.99	36.79	33.97	34.71
EBIT / Interest Expense	69.85	71.86	76.19	45.54	30.13
EBITDA / Interest Expense	88.85	91.71	93.62	56.62	37.13
(EBITDA - Capex) / Interest Expense	67.31	62.21	59.38	36.73	27.42
Total Debt / EBITDA	0.11	0.13	0.16	0.07	0.07
Net Debt / EBITDA	-1.38	-1.25	-1.17	-1.64	-1.43
Total Debt / (EBITDA - Capex)	0.15	0.2	0.25	0.11	0.09
Net Debt / (EBITDA - Capex)	-1.82	-1.84	-1.85	-2.53	-1.94
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-8.21	8.57	15.37	7.36	4.27
Gross Profit, 1 Yr. Growth %	-8.82	7.89	13.69	9.26	6.35
EBITDA, 1 Yr. Growth %	-15.09	10.44	19.98	-1.89	13.84
EBITA, 1 Yr. Growth %	-18.17	9.55	24.45	-2.48	14.91
EBIT, 1 Yr. Growth %	-18.35	9.59	24.39	-2.87	14.53
Earnings From Cont. Operations, 1 Yr. Growth %	-21.6	13.52	17.71	-2.85	23.9
Net Income, 1 Yr. Growth %	-22.01	13.93	18.34	-2.52	23.91
Normalized Net Income, 1 Yr. Growth %	-19.27	9.9	21.13	-0.9	20.23
Diluted EPS Before Extra, 1 Yr. Growth %	-22.01	13.93	18.34	-2.52	24.94
Accounts Receivable, 1 Yr. Growth %	-13.73	4.98	15.47	5.97	12.14
Inventory, 1 Yr. Growth %	-1.09	14.29	36.1	-2.76	6.47
Net Property, Plant and Equip., 1 Yr. Growth %	-5.71	2.33	6.06	36.55	7.01
Total Assets, 1 Yr. Growth %	1.5	10.72	9.28	2.28	3.02
Tangible Book Value, 1 Yr. Growth %	3.81	11.22	5.38	10.64	2.75
Common Equity, 1 Yr. Growth %	2.85	10.13	13.3	6.9	1.84
Cash From Operations, 1 Yr. Growth %	-0.1	0.91	-19.74	18.07	30.82
Capital Expenditures, 1 Yr. Growth %	-12.5	47.5	32.69	-5.66	-15.47
Levered Free Cash Flow, 1 Yr. Growth %	27.64	-16.12	-77.15	105	62.43
Unlevered Free Cash Flow, 1 Yr. Growth %	27.31	-15.9	-76.02	102.5	62.94
Dividend Per Share, 1 Yr. Growth %	0	0	0	42.86	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-1.45	-0.17	11.92	11.29	5.8
Gross Profit, 2 Yr. CAGR %	-1.42	-0.82	10.76	11.45	7.8
EBITDA, 2 Yr. CAGR %	-5.31	-2.72	13.87	8.5	5.68
EBITA, 2 Yr. CAGR %	-7.36	-4.81	15.29	10.17	5.86
EBIT, 2 Yr. CAGR %	-7.84	-4.89	15.23	9.92	5.47
Earnings From Cont. Operations, 2 Yr. CAGR %	-11.99	-5.66	15.6	6.94	9.71
Net Income, 2 Yr. CAGR %	-12.29	-5.74	16.11	7.41	9.91
Normalized Net Income, 2 Yr. CAGR %	-7.15	-5.27	13.82	9.57	9.16
Diluted EPS Before Extra, 2 Yr. CAGR %	-12.29	-5.74	16.11	7.41	10.36
Accounts Receivable, 2 Yr. CAGR %	-5.53	-4.83	10.1	10.62	9.01
Inventory, 2 Yr. CAGR %	0.76	6.32	24.72	15.04	1.75
Net Property, Plant and Equip., 2 Yr. CAGR %	15.51	-1.81	4.26	20.38	39.31
Total Assets, 2 Yr. CAGR %	7.26	6.01	10	5.72	2.65
Tangible Book Value, 2 Yr. CAGR %	2.57	7.45	8.26	7.98	6.62
Common Equity, 2 Yr. CAGR %	5.34	6.43	11.7	10.05	4.34
Cash From Operations, 2 Yr. CAGR %	6.47	0.41	-10	-2.65	24.28
Capital Expenditures, 2 Yr. CAGR %	-11.56	13.61	39.9	11.88	-10.7
Levered Free Cash Flow, 2 Yr. CAGR %	47.31	3.85	-56.72	-31.56	82.48
Unlevered Free Cash Flow, 2 Yr. CAGR %	46.96	3.85	-55.6	-30.32	81.64
Dividend Per Share, 2 Yr. CAGR %	0	0	0	19.52	19.52
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-0.15	1.78	4.76	10.38	8.9
Gross Profit, 3 Yr. CAGR %	-0.85	1.59	3.8	10.25	9.73
EBITDA, 3 Yr. CAGR %	-3.99	-0.03	3.58	8.36	10.25
EBITA, 3 Yr. CAGR %	-5.4	-1.69	3.2	9.03	11.73
EBIT, 3 Yr. CAGR %	-5.73	-2	3.11	8.85	11.43
Earnings From Cont. Operations, 3 Yr. CAGR %	-5.74	-4.2	1.56	9.09	12.31
Net Income, 3 Yr. CAGR %	-5.9	-4.3	1.69	9.54	12.65
Normalized Net Income, 3 Yr. CAGR %	-4.51	-1.41	1.89	8.68	13.01
Diluted EPS Before Extra, 3 Yr. CAGR %	-5.9	-4.3	1.69	9.54	12.96
Accounts Receivable, 3 Yr. CAGR %	-2.11	-2.15	1.5	8.71	11.12
Inventory, 3 Yr. CAGR %	5.44	5.08	15.44	14.79	12.11
Net Property, Plant and Equip., 3 Yr. CAGR %	12.27	10.91	0.8	14.09	27.24
Total Assets, 3 Yr. CAGR %	7.54	8.4	7.09	7.36	4.82
Tangible Book Value, 3 Yr. CAGR %	4.68	5.38	6.76	9.05	6.21
Common Equity, 3 Yr. CAGR %	6.92	6.91	8.67	10.08	7.24
Cash From Operations, 3 Yr. CAGR %	2.6	4.59	-6.82	-1.48	7.42
Capital Expenditures, 3 Yr. CAGR %	12.82	4.88	19.64	22.68	1.9
Levered Free Cash Flow, 3 Yr. CAGR %	8.88	22.4	-37.78	-27.32	-8.71
Unlevered Free Cash Flow, 3 Yr. CAGR %	8.95	22.31	-36.77	-26.37	-7.51
Dividend Per Share, 3 Yr. CAGR %	0	0	0	12.62	12.62
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.99	2.47	4.51	5.49	5.18
Gross Profit, 5 Yr. CAGR %	0.71	1.85	3.64	5.43	5.38
EBITDA, 5 Yr. CAGR %	0.31	0.55	2.98	2.85	4.41
EBITA, 5 Yr. CAGR %	-0.53	-0.31	2.6	2.37	4.26
EBIT, 5 Yr. CAGR %	-0.82	-0.59	2.38	2.06	4.05
Earnings From Cont. Operations, 5 Yr. CAGR %	-2.97	-2.06	2.27	0.11	4.75
Net Income, 5 Yr. CAGR %	-3.23	-2.09	2.36	0.22	4.9
Normalized Net Income, 5 Yr. CAGR %	-1.4	-1.44	2.67	2.28	4.74
Diluted EPS Before Extra, 5 Yr. CAGR %	-3.23	-2.09	2.36	0.22	5.07
Accounts Receivable, 5 Yr. CAGR %	-0.22	0.2	2.61	2.77	4.44
Inventory, 5 Yr. CAGR %	5.33	9.13	12.76	8.96	9.76
Net Property, Plant and Equip., 5 Yr. CAGR %	6.52	7.48	8.97	14.64	14.74
Total Assets, 5 Yr. CAGR %	8.23	8.33	8.52	7.32	5.29
Tangible Book Value, 5 Yr. CAGR %	6.95	6.9	6.1	6.41	6.7
Common Equity, 5 Yr. CAGR %	8.3	8.09	8.81	8.16	6.92
Cash From Operations, 5 Yr. CAGR %	4.23	1.06	-2.64	1.63	4.56
Capital Expenditures, 5 Yr. CAGR %	2.37	20.58	22.96	7.63	6.43
Levered Free Cash Flow, 5 Yr. CAGR %	9.7	-1.16	-24.61	-3.44	-4.32
Unlevered Free Cash Flow, 5 Yr. CAGR %	9.55	-0.98	-23.81	-2.78	-3.56
Dividend Per Share, 5 Yr. CAGR %	0	0	0	7.39	7.39