Financials Medtronic plc

Equities

MDT

IE00BTN1Y115

Medical Equipment, Supplies & Distribution

Market Closed - Nyse 04:00:02 2024-05-24 pm EDT 5-day change 1st Jan Change
82.29 USD +1.12% Intraday chart for Medtronic plc -4.22% -0.11%

Valuation

Fiscal Period: April 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 117,150 131,390 176,867 143,746 121,002 107,910 - -
Enterprise Value (EV) 1 132,626 152,047 199,663 164,146 143,823 129,621 128,361 127,075
P/E ratio 25.6 x 27.7 x 49.3 x 28.7 x 32.3 x 28.9 x 22.6 x 19.7 x
Yield 2.29% 2.37% 1.77% 2.54% 2.99% 3.51% 3.31% 3.46%
Capitalization / Revenue 3.83 x 4.54 x 5.87 x 4.54 x 3.87 x 3.27 x 3.23 x 3.08 x
EV / Revenue 4.34 x 5.26 x 6.63 x 5.18 x 4.61 x 4.01 x 3.84 x 3.62 x
EV / EBITDA 13.6 x 17.9 x 24.7 x 16.7 x 15.5 x 14.2 x 13.2 x 12.2 x
EV / FCF 22.6 x 25.3 x 40.9 x 27.5 x 31.4 x 24.9 x 19.6 x 18.8 x
FCF Yield 4.43% 3.96% 2.45% 3.64% 3.18% 4.01% 5.1% 5.33%
Price to Book 2.35 x 2.59 x 3.43 x 2.71 x 2.35 x 2.08 x 2.09 x 2.02 x
Nbr of stocks (in thousands) 1,341,151 1,340,166 1,348,073 1,341,539 1,330,424 1,311,338 - -
Reference price 2 87.35 98.04 131.2 107.2 90.95 82.29 82.29 82.29
Announcement Date 5/23/19 5/21/20 5/27/21 5/26/22 5/25/23 5/23/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: April 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 30,557 28,913 30,117 31,686 31,227 32,364 33,413 35,087
EBITDA 1 9,767 8,472 8,096 9,830 9,294 9,176 9,713 10,449
EBIT 1 8,872 7,565 7,177 8,856 8,295 8,272 8,700 9,257
Operating Margin 29.03% 26.16% 23.83% 27.95% 26.56% 25.56% 26.04% 26.38%
Earnings before Tax (EBT) 1 5,197 4,055 3,895 5,517 5,364 4,837 6,904 6,850
Net income 1 4,631 4,789 3,606 5,039 3,758 3,676 4,998 5,691
Net margin 15.16% 16.56% 11.97% 15.9% 12.03% 11.36% 14.96% 16.22%
EPS 2 3.410 3.540 2.660 3.730 2.820 2.760 3.639 4.181
Free Cash Flow 1 5,873 6,021 4,885 5,978 4,580 5,200 6,540 6,771
FCF margin 19.22% 20.82% 16.22% 18.87% 14.67% 16.07% 19.57% 19.3%
FCF Conversion (EBITDA) 60.13% 71.07% 60.34% 60.81% 49.28% 61.84% 67.33% 64.8%
FCF Conversion (Net income) 126.82% 125.73% 135.47% 118.63% 121.87% 141.46% 130.85% 118.98%
Dividend per Share 2 2.000 2.320 2.320 2.720 2.720 2.800 2.723 2.847
Announcement Date 5/23/19 5/21/20 5/27/21 5/26/22 5/25/23 5/23/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: April 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Net sales 1 7,847 7,763 8,089 7,371 7,585 7,727 8,544 7,702 7,984 8,089 8,589 7,895 8,218 8,372 8,912
EBITDA 1 2,361 2,421 2,655 2,010 2,275 2,255 2,768 2,152 2,256 2,272 2,582 2,172 2,279 2,456 2,795
EBIT 1 2,116 2,181 2,402 1,765 2,020 1,998 2,512 1,909 2,009 2,042 2,311 1,930 2,026 2,203 2,543
Operating Margin 26.97% 28.09% 29.69% 23.95% 26.63% 25.86% 29.4% 24.79% 25.16% 25.24% 26.91% 24.45% 24.65% 26.31% 28.54%
Earnings before Tax (EBT) 1 - 1,589 1,602 1,044 1,395 1,375 1,551 1,196 1,313 1,472 856 1,233 1,392 1,431 1,743
Net income 1 1,311 1,480 1,485 929 427 1,222 1,179 791 909 1,322 654 961.3 1,062 1,203 1,466
Net margin 16.71% 19.06% 18.36% 12.6% 5.63% 15.81% 13.8% 10.27% 11.39% 16.34% 7.61% 12.18% 12.93% 14.37% 16.45%
EPS 2 0.9700 1.100 1.100 0.7000 0.3200 0.9200 0.8800 0.5900 0.6800 0.9900 0.4900 0.6967 0.7698 0.8815 1.087
Dividend per Share 2 0.6300 0.6300 0.6800 0.6800 0.6800 0.6800 0.6800 0.6900 0.6900 0.6800 0.7000 0.6960 0.6960 0.6958 0.6950
Announcement Date 11/23/21 2/22/22 5/26/22 8/23/22 11/22/22 2/21/23 5/25/23 8/22/23 11/21/23 2/20/24 5/23/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: April 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 15,476 20,657 22,796 20,400 22,821 23,740 20,451 19,165
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.585 x 2.438 x 2.816 x 2.075 x 2.455 x 2.42 x 2.105 x 1.834 x
Free Cash Flow 1 5,873 6,021 4,885 5,978 4,580 5,200 6,540 6,771
ROE (net income / shareholders' equity) 14.1% 12.3% 11.8% 14.4% 13.5% 13.6% 14% 14.5%
ROA (Net income/ Total Assets) 7.83% 6.88% 6.54% 5.48% 7.74% 7.65% 6.81% 7.27%
Assets 1 59,149 69,598 55,178 92,031 48,523 48,070 73,444 78,277
Book Value Per Share 2 37.20 37.80 38.20 39.50 38.70 38.30 39.40 40.60
Cash Flow per Share 2 5.160 5.350 4.610 5.440 4.530 5.100 4.950 6.160
Capex 1 1,134 1,213 1,355 1,368 1,459 1,587 1,614 1,655
Capex / Sales 3.71% 4.2% 4.5% 4.32% 4.67% 4.9% 4.83% 4.72%
Announcement Date 5/23/19 5/21/20 5/27/21 5/26/22 5/25/23 5/23/24 - -
1USD in Million2USD
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
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
32
Last Close Price
82.29 USD
Average target price
94.77 USD
Spread / Average Target
+15.17%
Consensus
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