PARKER-HANNIFIN CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 529.8 USD | +0.62% |
|
-2.80% | +15.01% |
| May. 17 | Parker-Hannifin Sets New Five-Year Financial Targets | MT |
| May. 17 | Goldman Sachs Adjusts Parker-Hannifin Price Target to $700 From $655 | MT |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 21,810 | 23,498 | 39,634 | 31,586 | 50,041 | 68,105 | - | - |
| Enterprise Value (EV) 1 | 25,698 | 31,204 | 45,447 | 42,502 | 62,116 | 78,033 | 75,835 | 73,623 |
| P/E ratio | 14.8 x | 19.7 x | 23 x | 24.4 x | 24.3 x | 25.4 x | 23.3 x | 21 x |
| Yield | 1.86% | 1.92% | 1.2% | 1.8% | 1.4% | 1.15% | 1.22% | 1.35% |
| Capitalization / Revenue | 1.52 x | 1.72 x | 2.76 x | 1.99 x | 2.62 x | 3.43 x | 3.29 x | 3.11 x |
| EV / Revenue | 1.79 x | 2.28 x | 3.17 x | 2.68 x | 3.26 x | 3.93 x | 3.66 x | 3.37 x |
| EV / EBITDA | 10.1 x | 12.1 x | 15.5 x | 12 x | 14.5 x | 16.2 x | 14.7 x | 13.3 x |
| EV / FCF | 16.7 x | 17 x | 19.2 x | 19.2 x | 23.9 x | 25.5 x | 22.4 x | 19.6 x |
| FCF Yield | 5.97% | 5.89% | 5.2% | 5.2% | 4.18% | 3.91% | 4.46% | 5.11% |
| Price to Book | 3.72 x | 3.85 x | 4.72 x | 3.57 x | 4.9 x | 5.68 x | 4.95 x | 4.29 x |
| Nbr of stocks (in thousands) | 128,285 | 128,217 | 129,056 | 128,372 | 128,296 | 128,541 | - | - |
| Reference price 2 | 170.0 | 183.3 | 307.1 | 246.0 | 390.0 | 529.8 | 529.8 | 529.8 |
| Announcement Date | 8/1/19 | 8/6/20 | 8/5/21 | 8/4/22 | 8/3/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 14,320 | 13,696 | 14,348 | 15,862 | 19,065 | 19,843 | 20,727 | 21,867 |
| EBITDA 1 | 2,554 | 2,577 | 2,929 | 3,554 | 4,292 | 4,807 | 5,144 | 5,523 |
| EBIT 1 | 2,118 | 2,039 | 2,333 | 2,983 | 4,012 | 4,067 | 4,374 | 4,428 |
| Operating Margin | 14.79% | 14.89% | 16.26% | 18.8% | 21.05% | 20.5% | 21.1% | 20.25% |
| Earnings before Tax (EBT) 1 | 1,933 | 1,513 | 2,247 | 1,614 | 2,680 | 3,501 | 3,779 | 4,176 |
| Net income 1 | 1,512 | 1,206 | 1,746 | 1,316 | 2,083 | 2,726 | 2,941 | 3,246 |
| Net margin | 10.56% | 8.81% | 12.17% | 8.29% | 10.93% | 13.74% | 14.19% | 14.85% |
| EPS 2 | 11.48 | 9.290 | 13.35 | 10.09 | 16.04 | 20.89 | 22.72 | 25.24 |
| Free Cash Flow 1 | 1,535 | 1,838 | 2,365 | 2,212 | 2,599 | 3,054 | 3,381 | 3,763 |
| FCF margin | 10.72% | 13.42% | 16.48% | 13.94% | 13.63% | 15.39% | 16.31% | 17.21% |
| FCF Conversion (EBITDA) | 60.1% | 71.35% | 80.76% | 62.23% | 60.56% | 63.54% | 65.72% | 68.13% |
| FCF Conversion (Net income) | 101.5% | 152.39% | 135.45% | 168.11% | 124.78% | 112.04% | 114.96% | 115.91% |
| Dividend per Share 2 | 3.160 | 3.520 | 3.670 | 4.420 | 5.470 | 6.086 | 6.478 | 7.168 |
| Announcement Date | 8/1/19 | 8/6/20 | 8/5/21 | 8/4/22 | 8/3/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 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 | 3,825 | 4,086 | 4,188 | 4,233 | 4,675 | 5,062 | 5,096 | 4,847 | 4,821 | 5,074 | 5,096 | 4,886 | 4,955 | 5,284 | 5,381 |
| EBITDA 1 | 868.8 | 923.8 | 938.8 | 986.6 | 1,046 | 1,223 | 1,180 | 1,279 | 1,237 | 1,294 | 1,239 | 1,196 | 1,247 | 1,324 | 1,359 |
| EBIT 1 | 724.7 | 781.1 | 799.4 | 813 | 816.4 | 997.7 | 1,107 | 1,038 | 1,009 | 1,065 | 1,086 | 1,122 | 1,142 | 1,183 | 1,254 |
| Operating Margin | 18.95% | 19.11% | 19.09% | 19.21% | 17.46% | 19.71% | 21.73% | 21.42% | 20.93% | 21% | 21.31% | 22.96% | 23.05% | 22.38% | 23.3% |
| Earnings before Tax (EBT) 1 | 490.3 | 434 | 118.2 | 503.3 | 516.7 | 756.4 | 903.2 | 820.4 | 868.2 | 920 | 901.2 | 879.4 | 899.2 | 982.6 | 1,043 |
| Net income 1 | 387.6 | 348 | 128.8 | 387.9 | 395.2 | 590.9 | 709 | 650.8 | 681.9 | 726.6 | 674.2 | 671.7 | 710.5 | 779.2 | 803.7 |
| Net margin | 10.13% | 8.52% | 3.08% | 9.16% | 8.45% | 11.67% | 13.91% | 13.43% | 14.14% | 14.32% | 13.23% | 13.75% | 14.34% | 14.75% | 14.94% |
| EPS 2 | 2.970 | 2.670 | 0.9900 | 2.980 | 3.040 | 4.540 | 5.440 | 4.990 | 5.230 | 5.560 | 5.177 | 5.130 | 5.462 | 5.957 | 6.202 |
| Dividend per Share 2 | 1.030 | 1.030 | 1.330 | 1.330 | 1.330 | 1.330 | 1.480 | 1.480 | 1.480 | 1.480 | 1.556 | 1.550 | 1.551 | 1.550 | 1.606 |
| Announcement Date | 2/3/22 | 5/5/22 | 8/4/22 | 11/3/22 | 2/2/23 | 5/4/23 | 8/3/23 | 11/2/23 | 2/1/24 | 5/2/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 3,888 | 7,705 | 5,813 | 10,916 | 12,076 | 9,928 | 7,731 | 5,518 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.522 x | 2.99 x | 1.985 x | 3.071 x | 2.814 x | 2.065 x | 1.503 x | 0.9991 x |
| Free Cash Flow 1 | 1,535 | 1,838 | 2,365 | 2,212 | 2,599 | 3,054 | 3,381 | 3,763 |
| ROE (net income / shareholders' equity) | 25.6% | 20% | 23.9% | 15.3% | 29.2% | 27% | 24.6% | 22.2% |
| ROA (Net income/ Total Assets) | 9.2% | 6.5% | 8.68% | 5.68% | 10% | 9.82% | 10.6% | 11.2% |
| Assets 1 | 16,448 | 18,559 | 20,114 | 23,143 | 20,813 | 27,753 | 27,818 | 29,022 |
| Book Value Per Share 2 | 45.70 | 47.60 | 65.10 | 68.80 | 79.50 | 93.30 | 107.0 | 123.0 |
| Cash Flow per Share 2 | 13.30 | 16.00 | 19.70 | 18.70 | 23.00 | 27.30 | 30.00 | 33.80 |
| Capex 1 | 195 | 233 | 210 | 230 | 381 | 379 | 395 | 410 |
| Capex / Sales | 1.36% | 1.7% | 1.46% | 1.45% | 2% | 1.91% | 1.9% | 1.87% |
| Announcement Date | 8/1/19 | 8/6/20 | 8/5/21 | 8/4/22 | 8/3/23 | - | - | - |
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
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
22
Last Close Price
529.8
USD
Average target price
592.6
USD
Spread / Average Target
+11.85%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +15.01% | 68.1B | |
| +17.55% | 89.24B | |
| +23.48% | 38.53B | |
| +26.14% | 34.97B | |
| +9.17% | 28.05B | |
| +10.71% | 27.66B | |
| +3.07% | 26.72B | |
| +19.75% | 25.31B | |
| +5.96% | 23.14B | |
| +21.49% | 19.03B |
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- Financials Parker-Hannifin Corporation
