Projected Income Statement: West Pharmaceutical Services, Inc.

Forecast Balance Sheet: West Pharmaceutical Services, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 - -685 -647 -282 -589 -503 -1,039 -1,458
Change - - 5.55% 56.41% -108.87% 14.53% -106.56% -40.33%
Announcement Date 2/17/22 2/16/23 2/15/24 2/13/25 2/12/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: West Pharmaceutical Services, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 253.4 284.6 362 377 285.9 261.1 272 281.2
Change - 12.31% 27.2% 4.14% -24.16% -8.67% 4.16% 3.39%
Free Cash Flow (FCF) 1 330.6 439.4 414.5 276.4 468.9 430.6 567.6 725
Change - 32.91% -5.67% -33.32% 69.65% -8.17% 31.8% 27.74%
Announcement Date 2/17/22 2/16/23 2/15/24 2/13/25 2/12/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: West Pharmaceutical Services, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 31.24% 30.57% 28.07% 25.17% 25.82% 27.87% 29.01% 30.06%
EBIT Margin (%) 26.92% 26.4% 23.41% 19.8% 20.25% 22.45% 23.65% 24.71%
EBT Margin (%) 26.45% 23.55% 23.66% 20.24% 19.55% 22.25% 24.05% 25.3%
Net margin (%) 23.37% 20.3% 20.12% 17.03% 16.06% 18.21% 19.55% 20.19%
FCF margin (%) 11.68% 15.22% 14.05% 9.55% 15.25% 12.76% 15.82% 18.81%
FCF / Net Income (%) 49.95% 75% 69.85% 56.1% 94.98% 70.07% 80.94% 93.18%

Profitability

        
ROA 21.67% 18.76% 16.35% 13.19% 12.48% 14.72% 14.51% 16.42%
ROE 31.59% 25.89% 21.88% 17.78% 16.85% 19.72% 19.83% 20.41%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 8.95% 9.86% 12.27% 13.03% 9.3% 7.74% 7.58% 7.3%
CAPEX / EBITDA (%) 28.64% 32.25% 43.73% 51.77% 36.02% 27.77% 26.13% 24.27%
CAPEX / FCF (%) 76.65% 64.77% 87.33% 136.4% 60.97% 60.64% 47.92% 38.79%

Items per share

        
Cash flow per share 1 7.654 9.551 10.31 8.866 10.44 10.94 12.56 14.14
Change - 24.79% 7.96% -14.03% 17.75% 4.84% 14.71% 12.64%
Dividend per Share 1 0.69 0.74 0.78 0.82 0.85 0.9025 0.9729 1.121
Change - 7.25% 5.41% 5.13% 3.66% 6.18% 7.8% 15.19%
Book Value Per Share 1 31.47 36.23 39.2 37.1 46.23 44.49 50.98 57.64
Change - 15.12% 8.18% -5.35% 24.61% -3.76% 14.58% 13.07%
EPS 1 8.67 7.73 7.88 6.69 6.79 8.575 9.865 11.04
Change - -10.84% 1.94% -15.1% 1.49% 26.29% 15.04% 11.93%
Nbr of stocks (in thousands) 74,080 74,033 73,990 72,422 71,943 70,376 70,376 70,376
Announcement Date 2/17/22 2/16/23 2/15/24 2/13/25 2/12/26 - - -
1USD
Estimates
2026 *2027 *
P/E 41.2x 35.8x
PBR 7.94x 6.93x
EV / Sales 7.21x 6.64x
Yield 0.26% 0.28%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
353.08USD
Average target price
404.73USD
Spread / Average Target
+14.63%

Quarterly revenue - Rate of surprise

  1. Stock Market
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  4. Financials West Pharmaceutical Services, Inc.