Reckitt Benckiser Group (RKT)

Sector:

Household Goods

Index:

FTSE 100

4,599.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 6,570.00
  • 52 Week Low: 4,110.00
  • Currency: UK Pounds
  • Shares Issued: 704.63m
  • Volume: 1,065,645
  • Market Cap: £32,406m

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 3.6% 3.2% 0.0% 2.7% 2.8%
           
Continuing Operations          
PE Ratio - Adjusted 16.7 16.8 2,177.8 40.9 n/a
PE Ratio - Diluted 23.8
23.8		 17.7
16.5		 n/a
22.0		 41.1
41.1		 n/a
n/a
PEG - Adjusted n/a 0.0 n/a n/a n/a
PEG - Diluted n/a
n/a		 n/a
0.8		 n/a
0.3		 n/a
n/a		 n/a
n/a
Return on Capital Employed 184.21%
184.21%		 256.19%
268.65%		 n/a
2.91%		 620.40%
620.40%		 n/a
n/a
Operating Margin 17.33%
17.33%		 22.33%
23.17%		 (6.08%)
21.74%		 15.44%
15.44%		 (15.21%)
(15.21%)
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 16.7 16.8 215,750.4 39.2 n/a
PE Ratio - Diluted 23.7
23.7		 17.7
16.8		 n/a
2,178.0		 934.6
41.1		 n/a
n/a
PEG - Adjusted n/a 0.0 n/a n/a n/a
PEG - Diluted n/a
n/a		 n/a
0.0		 n/a
n/a		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 84.64% 81.83% 112.20% 97.76% 113.70%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value (3.8) (3.8) (4.0) (3.4) n/a
Price/Tangible Book Value (3.8) (3.8) (3.9) (3.4) n/a
Price/ Cash Flow 14.7 17.2 26.7 13.2 n/a
Price/Revenue 2.66 2.85 338.86 3.32 n/a
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (1,411.89p) (1,498.70p) (1,599.28p) (1,943.99p) (2,095,985.76p)
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 14,607.00 14,453.00 133.58 13,993.00 12,846.00
EBITDA 3,821.00
3,821.00		 3,835.00
3,956.00		 (3.26)
33.90		 3,615.00
3,615.00		 (1,954.00)
(1,954.00)
Depreciation (1,290.00)
(1,290.00)		 (607.00)
(607.00)		 (4.86)
(4.86)		 (1,455.00)
(1,455.00)		 n/a
n/a
Net Interest (130.00)
(130.00)		 (161.00)
(187.00)		 5.52
(2.22)		 (286.00)
(260.00)		 (153.00)
(153.00)
Profit Before Tax 2,401.00
2,401.00		 3,067.00
3,198.00		 (2.62)
26.79		 1,873.00
1,899.00		 (2,107.00)
(2,107.00)
           
Revenue per Share 2,038.09p 2,020.59p 18.72p 1,968.33p 1,812,645.29p
Pre-Tax Profit per Share 335.01p
335.01p		 428.78p
447.10p		 (0.37p)
3.75p		 263.47p
267.12p		 (297,309.95p)
(297,309.95p)
Market Capitalisation £ (Millions) 39,920.21 42,380.23 46,711.06 48,184.13 45.14
Enterprise Value (EV) £ (Millions) 48,241.21 51,043.23 56,058.06 58,586.13 12,149.14
EBITDA/EV 7.92%
7.92%		 7.51%
7.75%		 (0.01%)
0.06%		 6.17%
6.17%		 (16.08%)
(16.08%)
Operating Margin 17.33%
17.33%		 22.33%
23.17%		 (6.08%)
21.74%		 15.44%
15.44%		 (15.21%)
(15.21%)
Capital Employed £ (Millions) 1,374.00 1,260.00 998.00 348.00 910.00
Return on Capital Employed 184.21%
184.21%		 256.19%
268.65%		 n/a
2.91%		 620.40%
620.40%		 n/a
n/a
Invested Equity Capital £ (Millions) 11,404.00 12,539.00 10,249.00 12,726.00 12,932.00
           
Earnings per Share - Basic 227.90p
227.99p		 326.70p
348.81p		 (0.089p)
288.47p		 160.00p
159.94p		 (393.00p)
(392,979.69p)
Earnings per Share - Diluted 227.40p
227.49p		 325.70p
347.74p		 (0.089p)
288.47p		 159.30p
159.30p		 (393.00p)
(392,979.69p)
Earnings per Share - Adjusted 324.10p 342.80p 2.91p 160.00p (393.00)p
Earnings per Share Growth - Basic -30%
-35%		 n/a
21%		 n/a
80%		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Diluted -30%
-35%		 n/a
20%		 n/a
81%		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Adjusted -6% 11,672% -98% n/a n/a
PE Ratio - Diluted 23.8
23.8		 17.7
16.5		 n/a
22.0		 41.1
41.1		 n/a
n/a
PEG - Diluted n/a
n/a		 n/a
0.8		 n/a
0.3		 n/a
n/a		 n/a
n/a
Tax Rate 31.36% 23.18% 80.93% 38.42% (31.56%)
Dividend Cover 1.68
1.18		 1.87
1.90		 1.65
163.68		 0.92
0.92		 (2.25)
(2,250.74)
Interest Cover 8.06
8.06		 11.54
11.09		 (0.19)
3.69		 6.16
6.64		 (5.71)
(5.71)
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 229.20p
229.25p		 325.70p
342.80p		 n/a
2.91p		 167.00p
159.94p		 (519.70p)
(519,692.71p)
Earnings per Share - Diluted 228.70p
228.74p		 324.70p
341.75p		 n/a
2.91p		 7.00p
159.30p		 (519.70p)
(519,692.71p)
Earnings per Share - Adjusted 324.10p 342.80p 0.029p 167.00p (519.70p)
Earnings per Share Growth - Basic -30%
-33%		 n/a
11,673%		 n/a
-98%		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Diluted -30%
-33%		 n/a
11,636%		 n/a
-98%		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Adjusted -6% 1,166,081% -100% n/a n/a
PE Ratio - Diluted 23.7
23.7		 17.7
16.8		 n/a
2,178.0		 934.6
41.1		 n/a
n/a
PEG - Diluted n/a
n/a		 n/a
0.0		 n/a
n/a		 n/a
n/a		 n/a
n/a
Dividend Cover 1.68
1.19		 1.87
1.87		 0.02
1.65		 0.96
0.92		 (2.98)
(2,976.48)
Return on Equity (ROE) 14.41%
14.41%		 18.58%
19.55%		 n/a
0.20%		 9.33%
8.93%		 (28.48%)
(28.48%)
Operating Cash Flow per Share 367.80p 335.11p 2.40p 494.86p 199,100.30p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 50.37p (17.06p) (0.49p) 20.96p 19,613.71p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 192.50p 183.30p 1.76p 174.60p 174.60p
Dividend per Share Growth 5.02% 10,300.49% (98.99%) n/a 2.28%
Dividend Yield 3.6% 3.2% 0.0% 2.7% 2.8%
Shareholders Funds 8,448.00 9,443.00 7,399.00 9,115.00 9,363.00
Net Borrowings £ (Millions) 7,150.00 7,727.00 8,302.00 8,911.00 10,646.00
Net Asset Value per Share (inc. Intangibles) (1,414.82p) (1,504.30p) (1,606.85p) (1,950.18p) (2,102,194.42p)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 8,448.00 9,443.00 7,399.00 9,115.00 9,363.00
Net Borrowings £ (Millions) 7,150.00 7,727.00 8,302.00 8,911.00 10,646.00
Net Gearing 84.64% 81.83% 112.20% 97.76% 113.70%
Cash & Near Cash 1,387.00 1,157.00 1,261.00 1,646.00 1,549.00
Cash 16.42% 12.25% 17.04% 18.06% 16.54%
Gross Borrowings 8,537.00 8,884.00 9,563.00 10,557.00 12,195.00
Gross Gearing 101.05% 94.08% 129.25% 115.82% 130.25%
Borrowings Under 5 years 8,537.00 8,884.00 9,563.00 10,557.00 12,195.00
Under 5 years 101.05% 94.08% 129.25% 115.82% 130.25%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles (10,140.00) (10,760.00) (11,469.00) (13,864.00) (14,898.00)
Net Borrowings £ (Millions) 7,150.00 7,727.00 8,302.00 8,911.00 10,646.00
Net Gearing (70.51%) (71.81%) (72.39%) (64.27%) (71.46%)
Cash & Near Cash 1,387.00 1,157.00 1,261.00 1,646.00 1,549.00
Cash (13.68%) (10.75%) (10.99%) (11.87%) (10.40%)
Gross Borrowings 8,537.00 8,884.00 9,563.00 10,557.00 12,195.00
Gross Gearing 84.19% 82.57% 83.38% 76.15% 81.86%
Borrowings Under 5 years 8,537.00 8,884.00 9,563.00 10,557.00 12,195.00
Under 5 years (84.19%) (82.57%) (83.38%) (76.15%) (81.86%)
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio 0.44 0.41 0.42 0.54 0.42
Current Ratio 0.64 0.63 0.60 0.77 0.56

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Normalised ratios are shown in blue text

Note 5: Forecast figures based on normalised accounts.

 

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