Financials Wolters Kluwer N.V.

Equities

WKL

NL0000395903

Professional Information Services

Market Closed - Euronext Amsterdam 11:35:02 2024-04-26 EDT 5-day change 1st Jan Change
142.9 EUR +2.22% Intraday chart for Wolters Kluwer N.V. +1.67% +11.03%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 17,333 18,124 26,801 24,328 30,960 34,051 - -
Enterprise Value (EV) 1 19,540 20,507 28,932 26,581 33,572 36,981 37,169 37,309
P/E ratio 26.4 x 25.6 x 37.3 x 24.4 x 31.5 x 31.4 x 28.3 x 25.6 x
Yield 1.81% 1.97% 1.52% 1.85% 1.62% 1.55% 1.7% 1.89%
Capitalization / Revenue 3.76 x 3.94 x 5.62 x 4.46 x 5.54 x 5.75 x 5.42 x 5.1 x
EV / Revenue 4.24 x 4.46 x 6.06 x 4.87 x 6.01 x 6.24 x 5.92 x 5.59 x
EV / EBITDA 14.1 x 14.4 x 19.1 x 15.4 x 18.9 x 19.2 x 18 x 16.8 x
EV / FCF 22.3 x 22.6 x 28.6 x 21.8 x 28.8 x 28.3 x 26.3 x 24.5 x
FCF Yield 4.48% 4.42% 3.49% 4.59% 3.47% 3.53% 3.8% 4.08%
Price to Book 7.29 x 8.68 x 11.1 x 10.5 x 17.7 x 25.1 x 27.2 x 28.7 x
Nbr of stocks (in thousands) 266,576 262,443 258,696 248,852 240,561 238,283 - -
Reference price 2 65.02 69.06 103.6 97.76 128.7 142.9 142.9 142.9
Announcement Date 20-02-26 21-02-24 22-02-23 23-02-22 24-02-21 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,612 4,603 4,771 5,453 5,584 5,923 6,279 6,676
EBITDA 1 1,382 1,422 1,514 1,730 1,775 1,929 2,071 2,220
EBIT 1 1,089 1,124 1,205 1,424 1,476 1,591 1,723 1,860
Operating Margin 23.61% 24.42% 25.26% 26.11% 26.43% 26.87% 27.44% 27.86%
Earnings before Tax (EBT) 1 858 937 929 1,276 1,297 1,391 1,519 1,628
Net income 1 669 721 728 1,027 1,007 1,085 1,179 1,274
Net margin 14.51% 15.66% 15.26% 18.83% 18.03% 18.33% 18.77% 19.08%
EPS 2 2.460 2.700 2.780 4.010 4.090 4.556 5.056 5.582
Free Cash Flow 1 876 907 1,010 1,220 1,164 1,305 1,411 1,522
FCF margin 18.99% 19.7% 21.17% 22.37% 20.85% 22.03% 22.47% 22.8%
FCF Conversion (EBITDA) 63.39% 63.78% 66.71% 70.52% 65.58% 67.65% 68.15% 68.58%
FCF Conversion (Net income) 130.94% 125.8% 138.74% 118.79% 115.59% 120.22% 119.68% 119.49%
Dividend per Share 2 1.180 1.360 1.570 1.810 2.080 2.213 2.427 2.707
Announcement Date 20-02-26 21-02-24 22-02-23 23-02-22 24-02-21 - - -
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 2,408 2,294 2,309 2,280 2,491 2,600 2,853 2,725 2,859 2,875 3,057
EBITDA - - - - - - - - - - -
EBIT 1 - 577 - 613 592 734 690 711 765 756.5 828.3
Operating Margin - 25.15% - 26.89% 23.77% 28.23% 24.19% 26.09% 26.76% 26.31% 27.09%
Earnings before Tax (EBT) - - - 476 - - - - - - -
Net income - - - - - - - 479 - - -
Net margin - - - - - - - 17.58% - - -
EPS - - - - - - - 1.930 - - -
Dividend per Share 0.7900 0.4700 - 0.5400 - - - - - - -
Announcement Date 20-02-26 20-08-05 21-02-24 21-08-04 22-02-23 22-08-03 23-02-22 23-08-02 24-02-21 - -
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,207 2,383 2,131 2,253 2,612 2,931 3,119 3,258
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.597 x 1.676 x 1.408 x 1.302 x 1.472 x 1.519 x 1.506 x 1.468 x
Free Cash Flow 1 876 907 1,010 1,220 1,164 1,305 1,411 1,522
ROE (net income / shareholders' equity) 28.9% 32.3% 32.3% 43.5% 49.6% 68.5% 80.5% 91.4%
ROA (Net income/ Total Assets) 7.73% 8.4% 9.47% 11.1% 10.8% 12.4% 13.6% 14.3%
Assets 1 8,660 8,583 7,685 9,269 9,302 8,726 8,701 8,891
Book Value Per Share 2 8.920 7.950 9.360 9.290 7.270 5.700 5.260 4.980
Cash Flow per Share 2 4.050 4.490 4.940 6.180 6.280 6.420 6.990 7.510
Capex 1 226 231 239 295 323 365 380 401
Capex / Sales 4.9% 5.02% 5.01% 5.41% 5.78% 6.16% 6.05% 6%
Announcement Date 20-02-26 21-02-24 22-02-23 23-02-22 24-02-21 - - -
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
14
Last Close Price
142.9 EUR
Average target price
149.4 EUR
Spread / Average Target
+4.52%
Consensus

Quarterly revenue - Rate of surprise

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