Financials Smurfit Westrock Plc Irish S.E.

Equities

SK3

IE00028FXN24

Paper Packaging

Real-time Irish S.E. 11:55:00 2024-07-08 am EDT 5-day change 1st Jan Change
41.44 EUR 0.00% Intraday chart for Smurfit Westrock Plc 0.00% +15.50%

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 8,946 9,048 8,530 10,107 12,815 11,272
EBITDA 1 1,528 1,483 1,367 1,517 2,167 1,895
EBIT 1 1,122 1,042 910 1,067 1,655 1,384
Operating Margin 12.54% 11.52% 10.67% 10.56% 12.91% 12.28%
Earnings before Tax (EBT) 1 -404 677 748 913 1,293 1,055
Net income 1 -646 476 545 679 944 758
Net margin -7.22% 5.26% 6.39% 6.72% 7.37% 6.72%
EPS 2 -2.737 2.000 2.257 2.611 3.618 2.912
Free Cash Flow 1 481.4 627 741.8 336.2 413.6 819.6
FCF margin 5.38% 6.93% 8.7% 3.33% 3.23% 7.27%
FCF Conversion (EBITDA) 31.5% 42.28% 54.26% 22.17% 19.09% 43.25%
FCF Conversion (Net income) - 131.72% 136.1% 49.52% 43.82% 108.13%
Dividend per Share 2 0.9760 0.2790 1.962 1.254 1.392 1.519
Announcement Date 3/25/19 3/23/20 3/29/21 3/28/22 3/28/23 3/15/24
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q4 2022 S2 2023 Q2 2023 S1 2023 Q3 2023 S2
Net sales 4,426 4,203 4,327 4,679 2,820 5,428 - 3,361 6,385 3,091 6,430 2,842 5,837 - 5,435
EBITDA 1 803 735 775 781 467 921 514 660 1,174 588 1,181 534 1,113 512 967
EBIT 504 450 472 477 - 596 - - 839 - 823 - 779 - 624
Operating Margin 11.39% 10.71% 10.91% 10.19% - 10.98% - - 13.14% - 12.8% - 13.35% - 11.48%
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income - - - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - - - -
EPS - - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 2/5/20 7/29/20 2/10/21 7/28/21 2/9/22 2/9/22 4/27/22 7/27/22 7/27/22 2/8/23 2/8/23 8/2/23 8/2/23 11/5/23 2/7/24
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 3,138 3,500 2,385 2,899 3,003 2,840
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.054 x 2.36 x 1.745 x 1.911 x 1.386 x 1.499 x
Free Cash Flow 1 481 627 742 336 414 820
ROE (net income / shareholders' equity) -23% 16.5% 16.1% 16.6% 20% 14.3%
ROA (Net income/ Total Assets) 7.58% 6.71% 5.63% 6.06% 8.55% 6.89%
Assets 1 -8,520 7,096 9,685 11,199 11,038 11,002
Book Value Per Share 2 11.70 12.50 14.70 17.00 19.50 21.50
Cash Flow per Share 2 1.720 0.8000 3.480 3.330 3.020 3.500
Capex 1 528 612 493 594 873 841
Capex / Sales 5.9% 6.76% 5.78% 5.88% 6.81% 7.46%
Announcement Date 3/25/19 3/23/20 3/29/21 3/28/22 3/28/23 3/15/24
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
46.87 USD
Average target price
53 USD
Spread / Average Target
+13.08%
Consensus

Quarterly revenue - Rate of surprise

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