Procter & Gamble Co

Consumer Discretionary
Package Goods/Cosmetics
us.pg.com

Earnings Score
Moat Score
Safety Score

Market Cap $399.16B
PE 26
Debt $34.69B
Cash $10.23B
EV $423.62B
FCF $15.47B

Earnings

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Sales & Net Margins

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Earnings	$15.19B
EBIT	$20.10B
ROE	30%
ROA	16%
FCF	$15.47B
Equity	$51.44B
Growth Stability	31%
PE	26.28
PEG	3.07
PB	7.76
P/FCF	25.8
P/S	4.73
Price/Cash	0.03
Debt/Equity	0.67
Debt/FCF	2.24
Net Margins	19%
Gross Margins	51%
Op. Margins	24%
Earnings CAGR	5%
Sales Growth YoY	2%
Sales Growth QoQ	1%
Sales CAGR	4%
FCF CAGR	5%
Equity CAGR	-3%
Earnings Stability	0.12
Earnings Growth YoY	34%
Earnings Growth QoQ	17%
Earnings CAGR 5Y	9%

Sales CAGR 5Y	4%
FCF CAGR 5Y	1%
Equity CAGR 5Y	2%
Earnings CAGR 3Y	2%
Sales CAGR 3Y	2%
FCF CAGR 3Y	10%
Equity CAGR 3Y	6%
Market Cap	$399.16B
Revenue	$84.35B
Dividend Yield	2%
Payout Ratio	63%
Assets	$122.64B
Total Debt	$34.69B
Cash	$10.23B
Shares Outstanding	2.34B
EV	423.62B
Earnings Score	8%
Moat Score	96%
Safety Score	64%
Final Score	56%
Working Capital	-8.16B
Current Ratio	0.76
Gross Profit	$43.30B
Shares Growth 3y	-1%
Equity Growth QoQ	-1%
Equity Growth YoY	5%

Assets & ROA

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Stockholders Equity & ROE

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Procter & Gamble has become one of the world's largest consumer product manufacturers, generating more than $75 billion in annual sales. It operates with a lineup of leading brands, including 21 that generate more than $1 billion each in annual global sales, such as Tide laundry detergent, Charmin toilet paper, Pantene shampoo, and Pampers diapers. P&G sold its last remaining food brand, Pringles, to Kellogg in calendar 2012. Sales outside its home turf represent around 55% of the firm's consolidated total, with around one third coming from emerging markets.

SEC Filings

Direct access to Procter & Gamble Co (PG) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Dec 31
- 10-Q Sep 30
- 10-K Jun 30
- 10-Q Mar 31
2023
- 10-Q Dec 31
- 10-Q Sep 30
- 10-K Jun 30
- 10-Q Mar 31
2022
- 10-Q Dec 31
- 10-Q Sep 30
- 10-K Jun 30
- 10-Q Mar 31

Sector Comparison

How does Procter & Gamble Co compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Procter & Gamble Co compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 5%

Stability 12%

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Procter & Gamble Co Discounted Cash Flow

Fully customizable DCF calculator online for Procter & Gamble Co.

Years

Calculation mode

= $221B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$15B	$16B	$17B	$18B	$19B	$20B	$21B	$22B	$23B	$24B	$26B	$257B
DCF		$15B	$14B	$14B	$13B	$12B	$12B	$11B	$11B	$10B	$9.9B	$99B
Value	$221B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	06/2015	06/2016	06/2017	06/2018	06/2019	06/2020	06/2021	06/2022	06/2023	06/2024	TTM
Net Margins	9%	16%	23%	14%	5%	18%	18%	18%	18%	17%	19%
ROA	-	11%	12%	12%	5%	13%	15%	15%	15%	15%	16%
ROE	-	18%	27%	18%	8%	27%	30%	31%	31%	29%	30%

Good Net Margins (19.36%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	06/2015	06/2016	06/2017	06/2018	06/2019	06/2020	06/2021	06/2022	06/2023	06/2024	TTM
Debt over FCF	-	2.52	3.37	2.81	2.53	2.42	2.05	2.32	2.51	1.96	2.24
Debt over Equity	0.56	0.53	0.57	0.59	0.63	0.74	0.69	0.67	0.74	0.64	0.67
Growth Stability	-	-	-	89%	31%	100%	100%	100%	100%	100%	31%

Neutral Debt/FCF ratio (2.24)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.67)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (31%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	06/2015	06/2016	06/2017	06/2018	06/2019	06/2020	06/2021	06/2022	06/2023	06/2024	CAGR 5Y
Revenue YoY growth	-	-14%	-0%	3%	1%	5%	7%	5%	2%	2%	4%
Earnings YoY growth	-	51%	47%	-37%	-62%	251%	10%	3%	-1%	2%	9%
Equity YoY growth	-	-8%	-4%	-5%	-10%	-1%	-0%	0%	0%	7%	2%
FCF YoY growth	-	11%	-23%	19%	7%	20%	9%	-13%	2%	20%	1%