Ecolab Inc, the water treatment and purification company is overvalued, according to Wolfteam Ltd.'s projections and estimates.
With 14.19 billion USD in revenue, growing at 11.42 %, with net profit margin of 7.69 % for 2022, Ecolab's intrinsic worth is 51 billion USD, compared with Ecolab's current market capitalization of 63.07 billion USD.
Here is an excerpt from Ecolab's fourth quarter, 2023 earnings:
ECOLAB ANNOUNCES STRONG FOURTH QUARTER PERFORMANCE AND 2024 OUTLOOK
REPORTED DILUTED EPS $1.41; ADJUSTED DILUTED EPS $1.55, +22%
2024 ADJUSTED DILUTED EPS OUTLOOK: $6.10 TO $6.50, +17% TO 25%
FOURTH QUARTER HIGHLIGHTS
Reported sales $3.9 billion, +7% versus last year. Organic sales +6%, led by double-digit
growth in the Institutional & Specialty segment and Pest Elimination, and solid Industrial
segment growth. As expected, Healthcare & Life Sciences segment sales were stable
versus last year but continued to show good sequential sales growth.
Reported operating income +48%. Organic operating income +21%, driven by continued
strong pricing, volume growth and moderately lower delivered product costs.
Reported operating income margin 15.0%. Organic operating income margin 16.0%, +200
bps reflecting continued robust gross margin expansion led by value-based pricing.
Reported diluted EPS $1.41, +52%. Adjusted diluted EPS, excluding special gains and
charges and discrete tax items were $1.55, +22%.
Full-year 2023 cash flow from operating activities $2.4 billion. Full-year 2023 free cash flow
$1.6 billion, resulting in free cash flow conversion of 118%.
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