Henkel AG & Co. KGaA - HEN3.DE

HEN3.DE Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
HEN3.DE	-0.2	1.5	-0.7	2.2	2.5	17.3	9.9	-12.4	-18.1	177.7
S&P 500	-0.3	1.8	1.0	5.0	12.4	25.3	38.3	85.1	196.6	34448.4

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	HEN3.DE
name	Henkel AG & Co. KGaA
price	83.78
changes percentage	-0.1668
change	-0.14
day low	83.48
day high	84.54
year high	86.92
year low	66.86
market cap	33932399997
price avg 50	82.6296
price avg 200	81.4062
exchange	XETRA
volume	275725
avg volume	288086
open	84.1
previous close	83.92
eps	4.24
pe	19.76
earnings announcement	2025-03-11T07:30:00.000+0000
shares outstanding	405017904
timestamp	2025-01-24 16:35:22

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 68.0%

Overall Quarterly Financial Health: 60.7%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	21514000000	22397000000	-3.94
gross profit	9842000000	9473000000	3.90
gross profit ratio	0.46	0.42	8.16
research and development expenses	587000000	544000000	7.90
operating expenses	7920000000	7324000000	8.14
interest income	33000000	37000000	-10.81
interest expense	117000000	159000000	-26.42
ebitda	2801000000	2592000000	8.06
ebitdaratio	0.13	0.13	0.79
operating income	2011000000	2149000000	-6.42
operating income ratio	0.09	0.1	-2.58
net income	1318000000	1259000000	4.69
net income ratio	0.06	0.06	8.98
eps	3.13	2.94	6.46

Overall Score of Annual Income Statement

0.62 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Revenue Growth: revenue decreased to 21,514 million in 2023 from 22,397 million in 2022 representing a change of -3.94%. This indicates a sales shrinking, which is a negative sign for the company.

  Operating Expenses: Operating Expenses increased to 7,920 million in 2023 from 7,324 million in 2022 representing a change of 8.14%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  Operating Income: Operating income decreased to 2,011 million in 2023 from 2,149 million in 2022 representing a change of -6.42%. The decrease in operating income indicates worse operational performance and decreased profitability.

• 📈 Positive Indicators

  Gross Profit: Gross Profit increased to 9,842 million in 2023 from 9,473 million in 2022 representing a change of 3.9%. This indicates a sales profitability growth, which is a positive sign for the company.

  Research and Development (R&D) Expenses: R&D Expenses increased to 587 million in 2023 from 544 million in 2022 representing a change of 7.9%. This shows that the company continues to invest in innovation and product development, which is crucial for long-term growth.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 2,801 million in 2023 from 2,592 million in 2022 representing a change of 8.06%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Net Income: Net income increased to 1,318 million in 2023 from 1,259 million in 2022 representing a change of 4.69%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to 3.13 in 2023 from 3.13 in 2022 representing a change of 6.46%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2023Q4	Q/Q change %
0000000000
revenue	10813000000	10588000000	2.13
gross profit	5476000000	4961000000	10.38
gross profit ratio	0.51	0.47	8.08
research and development expenses	303000000	302000000	0.33
operating expenses	3859000000	3883000000	-0.62
interest income	53000000	49000000	8.16
interest expense	55000000	49000000	12.24
ebitda	2026000000	1677000000	20.81
ebitdaratio	0.19	0.16	18.30
operating income	1617000000	1448000000	11.67
operating income ratio	0.15	0.14	9.35
net income	1030000000	754000000	36.60
net income ratio	0.1	0.07	33.76
eps	2.46	1.8	36.67

Overall Score of Quarterly Income Statement

0.88 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 10,813 million in 2024Q2 from 10,588 million in 2023Q4 representing a change of 2.13%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 5,476 million in 2024Q2 from 4,961 million in 2023Q4 representing a change of 10.38%. This indicates a sales profitability growth, which is a positive sign for the company.

  Research and Development (R&D) Expenses: R&D Expenses increased to 303 million in 2024Q2 from 302 million in 2023Q4 representing a change of 0.33%. This shows that the company continues to invest in innovation and product development, which is crucial for long-term growth.

  Operating Expenses: Operating Expenses decreased to 3,859 million in 2024Q2 from 3,883 million in 2023Q4 representing a change of -0.62%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 2,026 million in 2024Q2 from 1,677 million in 2023Q4 representing a change of 20.81%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to 1,617 million in 2024Q2 from 1,448 million in 2023Q4 representing a change of 11.67%. The increase in operating income indicates better operational performance and increased profitability.

  Earnings per Share (EPS): EPS increased to 2.46 in 2024Q2 from 2.46 in 2023Q4 representing a change of 36.67%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• 📉 Negative Indicators

  Net Income: Net income decreased to 1,030 million in 2024Q2 from 754 million in 2023Q4 representing a change of 36.6%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	31728000000	33178000000	-4.37
total liabilities	11729000000	13021000000	-9.92
total equity	19999000000	20157000000	-0.78
cash and cash equivalents	1956000000	1116000000	75.27
short term investments	217000000	215000000	0.93
long term investments	240000000	221000000	8.60
total current assets	9282000000	10369000000	-10.48
total non current assets	22446000000	22809000000	-1.59
total current liabilities	7757000000	9152000000	-15.24
total non current liabilities	3972000000	3869000000	2.66
common stock	438000000	438000000	0.00
retained earnings	21364000000	20903000000	2.21
total debt	2892000000	3587000000	-19.38

Overall Score of Annual Balance Sheet

0.67 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 31,728 million in 2023 from 33,178 million in 2022 representing a change of -4.37%. Suggesting a decrease in asset holdings.

  Total Equity: Total Equity decreased to 19,999 million in 2023 from 20,157 million in 2022 representing a change of -0.78%. This indicates a decrease in shareholders' equity.

  Total Current Assets: Total Current Assets decreased to 9,282 million in 2023 from 10,369 million in 2022 representing a change of -10.48%. This indicates a worsen liquidity position.

• 📈 Positive Indicators

  Total Liabilities: Total Liabilities decreased to 11,729 million in 2023 from 13,021 million in 2022 representing a change of -9.92%. This indicates a decrease in overall liabilities.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 1,956 million in 2023 from 1,116 million in 2022 representing a change of 75.27%. This indicates an increase in available liquid assets.

  Short Term Investments: Short Term Investments increased to 217 million in 2023 from 215 million in 2022 representing a change of 0.93%. This indicates an increase in short-term investment holdings.

  Total Current Liabilities: Total Current Liabilities decreased to 7,757 million in 2023 from 9,152 million in 2022 representing a change of -15.24%. This indicates a lower short-term debt burden.

  Retained Earnings: Retained Earnings increased to 21,364 million in 2023 from 20,903 million in 2022 representing a change of 2.21%. This indicates an accumulated profits.

  Total Debt: Total Debt decreased to 2,892 million in 2023 from 3,587 million in 2022 representing a change of -19.38%. This indicates a reduction in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q2	2023Q4	Q/Q change %
0000000000
total assets	33772000000	31728000000	6.44
total liabilities	13197000000	11729000000	12.52
total equity	20575000000	19999000000	2.88
cash and cash equivalents	1854000000	1956000000	-5.21
short term investments	532000000	217000000	145.16
long term investments	-284000000	240000000	-218.33
total current assets	9740000000	9224000000	5.59
total non current assets	24032000000	22504000000	6.79
total current liabilities	8780000000	7757000000	13.19
total non current liabilities	4417000000	3972000000	11.20
common stock	438000000	438000000	0.00
retained earnings	21651000000	21364000000	1.34
total debt	3598000000	2892000000	24.41

Overall Score of Quarterly Balance Sheet

0.56 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 33,772 million in 2024Q2 from 31,728 million in 2023Q4 representing a change of 6.44%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 20,575 million in 2024Q2 from 19,999 million in 2023Q4 representing a change of 2.88%. This indicates an increase in shareholders' equity.

  Short Term Investments: Short Term Investments increased to 532 million in 2024Q2 from 217 million in 2023Q4 representing a change of 145.16%. This indicates an increase in short-term investment holdings.

  Total Current Assets: Total Current Assets increased to 9,740 million in 2024Q2 from 9,224 million in 2023Q4 representing a change of 5.59%. This indicates a better liquidity position.

  Retained Earnings: Retained Earnings increased to 21,651 million in 2024Q2 from 21,364 million in 2023Q4 representing a change of 1.34%. This indicates an accumulated profits.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 13,197 million in 2024Q2 from 11,729 million in 2023Q4 representing a change of 12.52%. This indicates an increase in overall liabilities.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 1,854 million in 2024Q2 from 1,956 million in 2023Q4 representing a change of -5.21%. This indicates a decrease in available liquid assets.

  Total Current Liabilities: Total Current Liabilities increased to 8,780 million in 2024Q2 from 7,757 million in 2023Q4 representing a change of 13.19%. This indicates a higher short-term debt burden.

  Total Debt: Total Debt increased to 3,598 million in 2024Q2 from 2,892 million in 2023Q4 representing a change of 24.41%. This indicates an increase in overall debt burden.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	863000000	-1147000000	175.24
operating cash flow	3255000000	1191000000	173.30
free cash flow	2647000000	598000000	342.64
capital expenditure	-608000000	-593000000	-2.53
depreciation and amortization	918000000	744000000	23.39
deferred income tax	0	877000000	-100.00
stock based compensation	27000000	34000000	-20.59
accounts payables	-468000000	306000000	-252.94
inventory	605000000	-722000000	183.80
acquisitions net	-161000000	-61000000	-163.93
investments in property plant and equipment	-608000000	-593000000	-2.53
net cash used for investing activites	-684000000	-323000000	-111.76
debt repayment	-586000000	-104000000	-463.46
common stock issued	0	0	NaN
common stock repurchased	-195000000	-803000000	75.72
dividends paid	-771000000	-795000000	3.02
net cash used provided by financing activities	-1653000000	-1726000000	4.23
cash at end of period	1951000000	1116000000	74.82
accounts receivables	47000000	-185000000	125.41
cash at beginning of period	1088000000	2263000000	-51.92

Overall Score of Annual Cashflow Statement

0.75 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 863 million in 2023 from -1,147 million in 2022 representing a change of 175.24%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to 3,255 million in 2023 from 1,191 million in 2022 representing a change of 173.3%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 2,647 million in 2023 from 598 million in 2022 representing a change of 342.64%. This indicates an increase in cash generated after accounting for capital expenditures.

  Capital Expenditure: Capital Expenditure decreased to -608 million in 2023 from -593 million in 2022 representing a change of -2.53%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.

  Stock-Based Compensation: Stock-Based Compensation decreased to 27 million in 2023 from 34 million in 2022 representing a change of -20.59%. This indicates decreased expenses, which is generally considered a positive sign from a financial perspective.

  Dividends Paid: Dividends Paid increased to -771 million in 2023 from -795 million in 2022 representing a change of 3.02%. This indicates a stronger financial position, more confidence in future prospects, and a better commitment to returning value to shareholders.

• 📉 Negative Indicators

  Accounts Payables: The absolute value of Accounts Payables increased to 468 million in 2023 from 306 million in 2022 representing a change of -252.94%. This indicates that the company has increased its outstanding obligations to its suppliers.

  Accounts Receivables: Accounts Receivables increased to 47 in 2023 from -185 million in 2022 representing a change of 125.41%. This suggests that the company is less capable of collecting payments from its customers.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2023Q4	Q/Q change %
0000000000
operating cash flow	1063000000	2291000000	-53.60
free cash flow	782000000	1967000000	-60.24
capital expenditure	-281000000	-324000000	13.27
depreciation and amortization	409000000	308000000	32.79
deferred income tax	0	0	NaN
stock based compensation	0	27000000	-100.00
accounts receivables	-427000000	389000000	-209.77
accounts payables	38000000	-42000000	190.48
inventory	-51000000	302000000	-116.89
acquisitions net	-1319000000	-474000000	-178.27
investments in property plant and equipment	-281000000	-324000000	13.27
net cash used for investing activites	-1613000000	-757000000	-113.08
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	-771000000	0	NaN
net cash used provided by financing activities	471000000	-921000000	151.14
net change in cash	-102000000	584000000	-117.47
cash at end of period	1854000000	1956000000	-5.21
cash at beginning of period	1956000000	1372000000	42.57

Overall Score of Quarterly Cashflow Statement

0.38 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to -102 million in 2024Q2 from 584 million in 2023Q4 representing a change of -117.47%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow decreased to 1,063 million in 2024Q2 from 2,291 million in 2023Q4 representing a change of -53.6%. This indicates that the company generated less cash from its core business operations.

  Free Cash Flow: Free Cash Flow decreased to 782 million in 2024Q2 from 1,967 million in 2023Q4 representing a change of -60.24%. This indicates a decrease in cash generated after accounting for capital expenditures.

  Capital Expenditure: Capital Expenditure increased to -281 million in 2024Q2 from -324 million in 2023Q4 representing a change of 13.27%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

  Dividends Paid: Dividends Paid decreased to -771 million in 2024Q2 from 0 million in 2023Q4 representing a change of nan%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.

• 📈 Positive Indicators

  Stock-Based Compensation: Stock-Based Compensation decreased to 0 million in 2024Q2 from 27 million in 2023Q4 representing a change of -100.0%. This indicates decreased expenses, which is generally considered a positive sign from a financial perspective.

  Accounts Payables: The absolute value of Accounts Payables decreased to 38 million in 2024Q2 from 42 million in 2023Q4 representing a change of 190.48%. This indicates that the company has reduced its outstanding obligations to its suppliers.

  Accounts Receivables: Accounts Receivables decreased to -427 million in 2024Q2 from 389 million in 2023Q4 representing a change of -209.77%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.

Earnings Transcripts ⓘ

We save you time by utilizing Generative AI to summarize earnings transcripts. Our summaries provide a clear insight into the company's current performance, future outlook, and overall sentiment expressed during the call. Click on below links to explore more.

Note: The years mentioned below are fiscal years in accounting.

Q3 2024 Earnings call transcript
Q2 2024 Earnings call transcript
Q1 2024 Earnings call transcript
Q4 2023 Earnings call transcript
Q3 2023 Earnings call transcript
Q2 2023 Earnings call transcript
Q1 2023 Earnings call transcript
Q4 2022 Earnings call transcript

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	51.09	52.28	-2.27
net income per share	3.13	2.94	6.51
operating cash flow per share	7.73	2.78	178.06
free cash flow per share	6.29	1.4	350.35
cash per share	5.16	3.11	66.10
book value per share	47.49	47.05	0.94
tangible book value per share	7.14	-24.74	128.88
shareholders equity per share	47.31	46.88	0.93
interest debt per share	7.15	8.74	-18.28
market cap	30680345049.32	27855643885.94	10.14
enterprise value	31616345049.32	30326643885.94	4.25
pe ratio	23.28	22.13	5.21
price to sales ratio	1.43	1.24	14.66
pocfratio	9.43	23.39	-59.70
pfcf ratio	11.59	46.58	-75.12
pb ratio	1.54	1.39	11.03
ptb ratio	1.54	1.39	11.03
ev to sales	1.47	1.35	8.53
enterprise value over ebitda	11.29	11.7	-3.53
ev to operating cash flow	9.71	25.46	-61.85
ev to free cash flow	11.94	50.71	-76.45
earnings yield	0.04	0.05	-4.95
free cash flow yield	0.09	0.02	301.89
debt to equity	0.15	0.18	-18.72
debt to assets	0.09	0.11	-15.69
net debt to ebitda	0.33	0.95	-64.95
current ratio	1.2	1.13	5.62
interest coverage	17.19	13.52	27.17
income quality	2.47	0.95	160.86
dividend yield	0.03	0.03	-11.95
payout ratio	0.58	0.63	-7.36
sales general and administrative to revenue	0.05	0.05	4.10
research and ddevelopement to revenue	0.03	0.02	12.33
intangibles to total assets	0.54	0.93	-42.23
capex to operating cash flow	0.19	0.5	-62.48
capex to revenue	0.03	0.03	6.74
capex to depreciation	0.66	0.8	-16.90
stock based compensation to revenue	0.0	0.0	-17.33
graham number	57.72	55.67	3.68
roic	0.06	0.06	-7.91
return on tangible assets	0.09	0.52	-82.78
graham net net	-12.16	-17.39	30.06
working capital	1525000000	1217000000	25.31
tangible asset value	3008000000	-10597000000	128.39
net current asset value	-2447000000	-2652000000	7.73
invested capital	22248000000	35882000000	-38.00
average receivables	3910000000	3495500000	11.86
average payables	4348000000	4503000000	-3.44
average inventory	2812000000	2904500000	-3.18
days sales outstanding	72.7	57.61	26.19
days payables outstanding	127.43	130.51	-2.36
days of inventory on hand	76.43	89.81	-14.90
receivables turnover	5.02	6.34	-20.76
payables turnover	2.86	2.8	2.41
inventory turnover	4.78	4.06	17.51
roe	0.07	0.06	5.53
capex per share	1.44	1.38	4.31

• ROE:

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 23.28 on 2023-12-31 from 22.13 on 2022-12-31, representing a change of 5.21%. Indicating an increase in the relative valuation of the company's stock.

  Current Ratio: Current Ratio increased to 1.20 on 2023-12-31 from 1.13 on 2022-12-31, representing a change of 5.62%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Also, it's above 1, indicating the ability to cover short-term obligations.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.15 on 2023-12-31 from 0.18 on 2022-12-31, representing a change of -18.72%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Quarterly Financial Ratios

	2024-06-30 Q2	2023-12-31 Q4	Q/Q change %
HEN3.DE
calendar year	2024	2023	NaN
revenue per share	25.79	25.25	2.11
net income per share	2.46	1.8	36.58
operating cash flow per share	2.53	5.46	-53.61
free cash flow per share	1.86	4.69	-60.25
cash per share	5.69	5.18	9.79
book value per share	49.06	47.7	2.86
tangible book value per share	4.87	7.17	-32.14
shareholders equity per share	48.85	47.51	2.82
interest debt per share	8.71	7.01	24.19
market cap	34864572683.26	30549062331.18	14.13
enterprise value	36608572683.26	31485062331.18	16.27
pe ratio	8.46	10.13	-16.45
price to sales ratio	3.22	2.89	11.75
pocfratio	32.8	13.33	145.97
pfcf ratio	44.58	15.53	187.07
pb ratio	1.7	1.53	10.98
ptb ratio	1.7	1.53	10.98
ev to sales	3.39	2.97	13.85
enterprise value over ebitda	18.07	18.77	-3.76
ev to operating cash flow	34.44	13.74	150.59
ev to free cash flow	46.81	16.01	192.47
earnings yield	0.03	0.02	19.70
free cash flow yield	0.02	0.06	-65.16
debt to equity	0.18	0.15	20.98
debt to assets	0.11	0.09	16.88
net debt to ebitda	0.86	0.56	54.23
current ratio	1.11	1.19	-6.71
interest coverage	29.4	29.55	-0.51
income quality	1.03	3.04	-66.03
dividend yield	0.02	0	NaN
payout ratio	0.75	0	NaN
sales general and administrative to revenue	0	0.05	-100.00
research and ddevelopement to revenue	0.03	0.03	-1.76
intangibles to total assets	0.55	0.54	2.47
capex to operating cash flow	0.26	0.14	86.92
capex to revenue	0.03	0.03	-15.08
capex to depreciation	0.69	1.05	-34.69
stock based compensation to revenue	0	0.0	-100.00
graham number	51.96	43.85	18.51
roic	0.04	0.04	6.94
return on tangible assets	0.07	0.05	32.10
graham net net	-22.75	-13.67	-66.45
working capital	960000000	1467000000	-34.56
tangible asset value	2041000000	3007000000	-32.13
net current asset value	-3457000000	-2505000000	-38.00
invested capital	23320000000	22191000000	5.09
average receivables	None	None	NaN
average payables	None	None	NaN
average inventory	None	None	NaN
days sales outstanding	0	29.5	-100.00
days payables outstanding	69.27	65.18	6.29
days of inventory on hand	42.87	39.09	9.66
receivables turnover	0	3.05	-100.00
payables turnover	1.3	1.38	-5.92
inventory turnover	2.1	2.3	-8.81
roe	0.05	0.04	32.84
capex per share	0.67	0.77	-13.28

• Negative

  ROE: Return on Equity (ROE) increased to 0.05 on 2024-06-30 Q2 from 0.04 on 2023-12-31 Q4, representing a change of 32.84%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 8.46 on 2024-06-30 Q2 from 10.13 on 2023-12-31 Q4, representing a change of -16.45%. Indicating a decrease in the relative valuation of the company's stock.

• Neutral

  Current Ratio: Current Ratio decreased to 1.11 on 2024-06-30 Q2 from 1.19 on 2023-12-31 Q4, representing a change of -6.71%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. However, it is still above 1, indicating the ability to cover short-term obligations.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio increased to 0.18 on 2024-06-30 Q2 from 0.15 on 2023-12-31 Q4, representing a change of 20.98%. The debt-to-equity ratio has been increasing, indicating that the company has been relying more on debt financing. Higher leverage may increase financial risk. However, a ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Positive Sentiment: Discounted Cash Flow value is 97.44 which is higher than current price 83.78, indicates the company may be undervalued.