Financials Eaton Corporation plc

Equities

ETN

IE00B8KQN827

Electrical Components & Equipment

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT After market 06:12:03 pm
324.3 USD +2.27% Intraday chart for Eaton Corporation plc 326.3 +0.63%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 39,157 48,092 68,886 62,419 96,159 129,685 - -
Enterprise Value (EV) 1 46,888 55,048 76,897 70,519 102,819 136,784 135,365 133,585
P/E ratio 18 x 34.4 x 32.4 x 25.6 x 30 x 36 x 31.2 x 27.7 x
Yield 3% 2.43% 1.76% 2.06% - 1.13% 1.21% 1.33%
Capitalization / Revenue 1.83 x 2.69 x 3.51 x 3.01 x 4.15 x 5.18 x 4.84 x 4.5 x
EV / Revenue 2.19 x 3.08 x 3.92 x 3.4 x 4.43 x 5.47 x 5.05 x 4.63 x
EV / EBITDA 12.5 x 17.2 x 22.7 x 17 x - 24.7 x 22.1 x 19.9 x
EV / FCF 16.2 x 21.2 x 36.1 x 36.4 x 35.9 x 39.7 x 35.2 x 30.8 x
FCF Yield 6.18% 4.72% 2.77% 2.74% 2.79% 2.52% 2.84% 3.25%
Price to Book 2.47 x 3.24 x 4.2 x 3.68 x - 6.62 x 6.08 x 5.57 x
Nbr of stocks (in thousands) 413,400 400,300 398,600 397,700 399,300 399,892 - -
Reference price 2 94.72 120.1 172.8 157.0 240.8 324.3 324.3 324.3
Announcement Date 2/4/20 2/2/21 2/4/22 2/8/23 2/1/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 21,390 17,858 19,628 20,752 23,196 25,029 26,822 28,836
EBITDA 1 3,747 3,208 3,385 4,152 - 5,528 6,117 6,701
EBIT 1 2,863 1,824 2,463 3,198 3,996 4,521 5,089 5,615
Operating Margin 13.38% 10.21% 12.55% 15.41% 17.23% 18.06% 18.97% 19.47%
Earnings before Tax (EBT) 1 2,591 1,746 2,896 2,911 3,827 4,349 4,893 5,499
Net income 1 2,211 1,410 2,144 2,462 3,218 3,593 4,074 4,520
Net margin 10.34% 7.9% 10.92% 11.86% 13.87% 14.35% 15.19% 15.68%
EPS 2 5.250 3.490 5.340 6.140 8.020 9.011 10.41 11.72
Free Cash Flow 1 2,900 2,600 2,128 1,935 2,867 3,447 3,841 4,338
FCF margin 13.56% 14.56% 10.84% 9.32% 12.36% 13.77% 14.32% 15.05%
FCF Conversion (EBITDA) 77.4% 81.05% 62.87% 46.6% - 62.35% 62.8% 64.74%
FCF Conversion (Net income) 131.16% 184.4% 99.25% 78.59% 89.09% 95.93% 94.28% 95.98%
Dividend per Share 2 2.840 2.920 3.040 3.240 - 3.650 3.922 4.302
Announcement Date 2/4/20 2/2/21 2/4/22 2/8/23 2/1/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 4,923 4,798 4,843 5,212 5,313 5,384 5,483 5,866 5,880 5,967 5,905 6,310 6,345 6,439 6,358
EBITDA 1 846 897 886 1,007 1,152 1,108 1,062 1,241 1,314 - 1,257 1,366 1,444 1,470 1,403
EBIT 1 599 659 642 772 915 870 824 1,013 1,085 1,075 1,044 1,150 1,234 1,252 1,172
Operating Margin 12.17% 13.73% 13.26% 14.81% 17.22% 16.16% 15.03% 17.27% 18.45% 18.02% 17.68% 18.22% 19.45% 19.45% 18.43%
Earnings before Tax (EBT) 1 1,113 625 619 720 720 851 762 898 1,079 1,088 964.7 1,071 1,140 1,175 1,135
Net income 1 629 551 532 601 607 721 638 744 891 946 786.8 886.7 951.9 969.3 935
Net margin 12.78% 11.48% 10.98% 11.53% 11.42% 13.39% 11.64% 12.68% 15.15% 15.85% 13.33% 14.05% 15% 15.05% 14.71%
EPS 2 1.570 1.370 1.330 1.510 1.520 1.800 1.600 1.860 2.220 2.350 1.936 2.221 2.383 2.443 2.383
Dividend per Share 2 0.7600 0.7600 0.8100 0.8100 0.8100 0.8100 0.8600 0.8600 0.8600 - 0.8934 0.9141 0.9006 0.9013 0.9240
Announcement Date 11/2/21 2/4/22 5/3/22 8/2/22 11/1/22 2/8/23 5/2/23 8/1/23 10/31/23 2/1/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 7,731 6,956 8,011 8,100 6,660 7,099 5,680 3,900
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.063 x 2.168 x 2.367 x 1.951 x - 1.284 x 0.9285 x 0.582 x
Free Cash Flow 1 2,900 2,600 2,128 1,935 2,867 3,447 3,841 4,338
ROE (net income / shareholders' equity) 14.8% 11% 13.7% 14.7% 17.8% 18.6% 19.9% 20.6%
ROA (Net income/ Total Assets) 7.47% 5.3% 6.51% 7.13% 8.76% 9.85% 10.9% 11.5%
Assets 1 29,618 26,599 32,925 34,528 36,723 36,493 37,367 39,183
Book Value Per Share 2 38.40 37.10 41.20 42.60 - 49.00 53.30 58.20
Cash Flow per Share 2 8.320 7.180 5.430 6.320 9.080 10.70 12.00 10.40
Capex 1 587 400 575 598 757 825 867 926
Capex / Sales 2.74% 2.24% 2.93% 2.88% 3.26% 3.3% 3.23% 3.21%
Announcement Date 2/4/20 2/2/21 2/4/22 2/8/23 2/1/24 - - -
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
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
24
Last Close Price
324.3 USD
Average target price
313.6 USD
Spread / Average Target
-3.29%
Consensus
  1. Stock Market
  2. Equities
  3. ETN Stock
  4. Financials Eaton Corporation plc