Eaton Corporation plc (ETN)

Index:

S&P 500

$ 376.68
   
  • Change Today:
    $-0.73
  • 52 Week High: $379.12
  • 52 Week Low: $224.59
  • Currency: US Dollars
  • Shares Issued: 399.40m
  • Volume: 3,417,916
  • Market Cap: $150,446m
  • RiskGrade: 131
  • Beta: 1.62

Fundamentals - based on IFRS

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Income Statement 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 23,196.00 20,752.00 19,628.00 17,858.00 21,390.00
Operating Profit/(Loss) 3,978.00 3,055.00 3,040.00 1,895.00 2,790.00
Profit Before Tax 3,827.00 2,911.00 2,896.00 1,746.00 2,591.00
Profit After Tax 3,223.00 2,465.00 2,146.00 1,415.00 2,213.00
           
Earnings per Share - Basic 806.00¢ 617.00¢ 538.00¢ 351.00¢ 528.00¢
Earnings per Share - Adjusted 806.00¢ 617.00¢ 538.00¢ 351.00¢ 528.00¢
           
Dividend per Share 344.00¢ 324.00¢ 304.00¢ 292.00¢ 284.00¢
  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Balance Sheet 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Assets          
Non-Current Assets          
Property, Plant & Equipment 3,530.00 3,146.00 3,506.00 3,392.00 3,932.00
Intangible Assets 20,068.00 20,281.00 20,606.00 17,078.00 18,094.00
Other Non-Current Assets 3,158.00 2,840.00 2,404.00 2,176.00 2,051.00
  26,756.00 26,267.00 26,516.00 22,646.00 24,077.00
Current Assets          
Inventories 3,739.00 3,430.00 2,969.00 2,109.00 2,805.00
Cash at Bank & in Hand 488.00 294.00 297.00 438.00 370.00
Other Current Assets 7,447.00 5,022.00 4,245.00 6,631.00 5,553.00
  11,674.00 8,746.00 7,511.00 9,178.00 8,728.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 38,430.00 35,013.00 34,027.00 31,824.00 32,805.00
Current Liabilities          
Borrowings 1,025.00 334.00 1,748.00 1,048.00 503.00
Other Current Liabilities 6,721.00 6,027.00 5,464.00 4,833.00 4,629.00
           
Current Liabilities 7,746.00 6,361.00 7,212.00 5,881.00 5,132.00
           
Net Current Assets c3,928.00 c2,385.00 c299.00 c3,297.00 c3,596.00
           
Borrowings 1,025.00 334.00 7,168.00 7,336.00 8,150.00
Other Non-Current Liabilities 6,721.00 6,027.00 3,196.00 3,634.00 3,390.00
Non-Current Liabilities 7,746.00 6,361.00 10,364.00 10,970.00 11,540.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 15,492.00 12,722.00 17,576.00 16,851.00 16,672.00
           
Net Assets 22,938.00 22,291.00 16,451.00 14,973.00 16,133.00
           
Shareholders Funds 19,036.00 17,038.00 16,413.00 14,930.00 16,082.00
           
Minority Interests/Other Equity 33.00 38.00 38.00 43.00 51.00
Total Equity 22,938.00 22,291.00 16,451.00 14,973.00 16,133.00
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 3,624.00 2,533.00 2,163.00 2,944.00 3,451.00
Net Cash Flow from Investing Activities (2,575.00) (1,200.00) (1,764.00) 397.00 (1,866.00)
Net Cash Flow from Financing Activities (855.00) (1,336.00) (540.00) (3,273.00) (1,498.00)
Net Increase/Decrease In Cash 194.00 (3.00) (141.00) 68.00 87.00
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 29.9 25.4 32.1 34.2 17.9
PEG - Adjusted 1.0 1.7 0.6 n/a 2.6
Earnings per Share Growth - Adjusted 31% 15% 53% -34% 7%
Dividend Cover 2.34 1.90 1.77 1.20 1.86
Revenue per Share 5,807.71¢ 5,195.79¢ 49.61¢ 4,471.21¢ 5,355.53¢
Pre-Tax Profit per Share 958.19¢ 728.84¢ 7.32¢ 437.16¢ 648.72¢
Operating Margin 17.15% 14.72% 15.49% 10.61% 13.04%
Return on Capital Employed 77.78% 108.70% 0.61% 27.81% 38.72%
           
Dividend Yield 1.4% 2.1% 1.8% 2.4% 3.0%
Dividend per Share Growth 6.17% 6.58% 4.11% 2.82% 7.58%
Operating Cash Flow per Share 907.36¢ 634.20¢ 541.56¢ 737.11¢ 864.05¢
Cash Incr/Decr per Share 48.57¢ (0.75¢) (0.36¢) 17.03¢ 21.78¢
Net Asset Value per Share (exc. Intangibles) 718.58¢ 503.25¢ (1,040.31¢) (527.04¢) (490.99¢)
Net Gearing 8.21% 2.20% 52.51% 53.22% 51.50%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

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

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Forecast figures based on normalised accounts.

 

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