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Procter & Gamble

DB:PRG
Snowflake Description

Solid track record established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PRG
DB
$265B
Market Cap
  1. Home
  2. DE
  3. Household
Company description

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The last earnings update was 87 days ago. More info.


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PRG Share Price and Events
7 Day Returns
2.1%
DB:PRG
-0.5%
Europe Household Products
1.8%
DE Market
1 Year Returns
56.9%
DB:PRG
-2.2%
Europe Household Products
-6%
DE Market
PRG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Procter & Gamble (PRG) 2.1% 4.7% 17.7% 56.9% 31.6% 60.9%
Europe Household Products -0.5% -4.1% -2.5% -2.2% -14.1% 13.8%
DE Market 1.8% 4.2% 7.4% -6% 10.1% 15.4%
1 Year Return vs Industry and Market
  • PRG outperformed the Household Products industry which returned -2.2% over the past year.
  • PRG outperformed the Market in Germany which returned -6% over the past year.
Price Volatility
PRG
Industry
5yr Volatility vs Market

PRG Value

 Is Procter & Gamble undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Procter & Gamble to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Procter & Gamble.

DB:PRG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 22 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:PRG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Household Products Unlevered Beta Simply Wall St/ S&P Global 0.33
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.334 (1 + (1- 21%) (12.68%))
0.576
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:PRG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Procter & Gamble is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:PRG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5%)
2019 10,873.93 Analyst x10 10,356.51
2020 11,693.90 Analyst x11 10,607.52
2021 12,579.38 Analyst x9 10,867.78
2022 12,730.50 Analyst x2 10,475.01
2023 13,815.00 Analyst x1 10,826.48
2024 14,320.64 Est @ 3.66% 10,688.73
2025 14,697.34 Est @ 2.63% 10,447.91
2026 14,978.02 Est @ 1.91% 10,140.80
2027 15,188.49 Est @ 1.41% 9,793.99
2028 15,348.28 Est @ 1.05% 9,426.10
Present value of next 10 years cash flows $103,630.83
DB:PRG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $15,348.28 × (1 + 0.23%) ÷ (5% – 0.23%)
$322,635.77
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $322,635.77 ÷ (1 + 5%)10
$198,145.84
DB:PRG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $103,630.83 + $198,145.84
$301,776.68
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $301,776.68 / 2,501.58
$120.63
DB:PRG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PRG represents 0.89185x of NYSE:PG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89185x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 120.63 x 0.89185
€107.59
Value per share (EUR) From above. €107.59
Current discount Discount to share price of €94.58
= -1 x (€94.58 - €107.59) / €107.59
12.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Procter & Gamble is available for.
Intrinsic value
12%
Share price is €94.58 vs Future cash flow value of €107.59
Current Discount Checks
For Procter & Gamble to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Procter & Gamble's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Procter & Gamble's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Procter & Gamble's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Procter & Gamble's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PRG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $4.20
NYSE:PG Share Price ** NYSE (2019-04-18) in USD $106.05
Europe Household Products Industry PE Ratio Median Figure of 5 Publicly-Listed Household Products Companies 17.96x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Procter & Gamble.

DB:PRG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:PG Share Price ÷ EPS (both in USD)

= 106.05 ÷ 4.20

25.27x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Procter & Gamble is overvalued based on earnings compared to the Europe Household Products industry average.
  • Procter & Gamble is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Procter & Gamble's expected growth come at a high price?
Raw Data
DB:PRG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts
5.5%per year
Europe Household Products Industry PEG Ratio Median Figure of 5 Publicly-Listed Household Products Companies 1.9x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

DB:PRG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.27x ÷ 5.5%

4.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Procter & Gamble is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Procter & Gamble's assets?
Raw Data
DB:PRG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $21.20
NYSE:PG Share Price * NYSE (2019-04-18) in USD $106.05
Europe Household Products Industry PB Ratio Median Figure of 8 Publicly-Listed Household Products Companies 2.48x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.84x
DB:PRG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:PG Share Price ÷ Book Value per Share (both in USD)

= 106.05 ÷ 21.20

5x

* Primary Listing of Procter & Gamble.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Procter & Gamble is overvalued based on assets compared to the Europe Household Products industry average.
X
Value checks
We assess Procter & Gamble's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Household Products industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Household Products industry average (and greater than 0)? (1 check)
  5. Procter & Gamble has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PRG Future Performance

 How is Procter & Gamble expected to perform in the next 1 to 3 years based on estimates from 22 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Procter & Gamble expected to grow at an attractive rate?
  • Procter & Gamble's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Procter & Gamble's earnings growth is positive but not above the Germany market average.
  • Procter & Gamble's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PRG Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PRG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts 5.5%
DB:PRG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 22 Analysts 3.5%
Europe Household Products Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
Europe Household Products Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:PRG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PRG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 77,847 17,941 14,327 3
2022-06-30 74,802 18,011 13,620 4
2021-06-30 71,957 16,541 12,865 15
2020-06-30 69,504 15,593 12,115 22
2019-06-30 67,227 14,755 11,660 22
DB:PRG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 66,912 15,126 10,523
2018-09-30 66,869 14,803 9,827
2018-06-30 66,832 14,867 9,485
2018-03-31 66,408 14,356 9,813
2017-12-31 65,732 14,043 9,838
2017-09-30 65,193 13,359 9,884
2017-06-30 65,058 12,753 9,862
2017-03-31 65,081 13,204 9,648
2016-12-31 65,231 13,442 9,427
2016-09-30 65,290 14,922 9,767
2016-06-30 65,299 15,435 9,676
2016-03-31 65,750 15,284 8,147

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Procter & Gamble's earnings are expected to grow by 5.5% yearly, however this is not considered high growth (20% yearly).
  • Procter & Gamble's revenue is expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:PRG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below

All data from Procter & Gamble Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PRG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30 5.91 5.91 5.91 1.00
2022-06-30 5.28 5.52 5.04 2.00
2021-06-30 5.09 5.25 4.79 9.00
2020-06-30 4.73 4.85 4.55 12.00
2019-06-30 4.49 4.56 4.38 10.00
DB:PRG Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 4.20
2018-09-30 3.91
2018-06-30 3.75
2018-03-31 3.86
2017-12-31 3.86
2017-09-30 3.85
2017-06-30 3.80
2017-03-31 3.67
2016-12-31 3.55
2016-09-30 3.63
2016-06-30 3.59
2016-03-31 3.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Procter & Gamble is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Procter & Gamble's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Procter & Gamble has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PRG Past Performance

  How has Procter & Gamble performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Procter & Gamble's growth in the last year to its industry (Household Products).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Procter & Gamble's year on year earnings growth rate has been positive over the past 5 years.
  • Procter & Gamble's 1-year earnings growth exceeds its 5-year average (7% vs 0.1%)
  • Procter & Gamble's earnings growth has exceeded the Europe Household Products industry average in the past year (7% vs -8.3%).
Earnings and Revenue History
Procter & Gamble's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Procter & Gamble Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PRG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 66,912.00 10,523.00 18,378.00
2018-09-30 66,869.00 9,827.00 18,498.00
2018-06-30 66,832.00 9,485.00 18,602.00
2018-03-31 66,408.00 9,813.00 18,764.00
2017-12-31 65,732.00 9,838.00 18,606.00
2017-09-30 65,193.00 9,884.00 18,522.00
2017-06-30 65,058.00 9,862.00 18,431.00
2017-03-31 65,081.00 9,648.00 18,753.00
2016-12-31 65,231.00 9,427.00 18,866.00
2016-09-30 65,290.00 9,767.00 18,785.00
2016-06-30 65,299.00 9,676.00 18,936.00
2016-03-31 65,750.00 8,147.00 18,269.00
2015-12-31 66,925.00 8,213.00 18,725.00
2015-09-30 68,505.00 7,972.00 19,481.00
2015-06-30 70,749.00 7,920.00 20,616.00
2015-03-31 73,792.00 9,955.00 21,528.00
2014-12-31 76,503.00 10,095.00 22,845.00
2014-09-30 79,107.00 10,703.00 23,810.00
2014-06-30 74,401.00 10,263.00 21,461.00
2014-03-31 79,983.00 10,185.00 24,485.00
2013-12-31 80,940.00 10,250.00 25,039.00
2013-09-30 82,016.00 11,056.00 25,519.00
2013-06-30 80,116.00 10,619.00 26,000.00
2013-03-31 83,724.00 11,363.00 25,996.00
2012-12-31 83,320.00 11,166.00 25,784.00
2012-09-30 82,889.00 8,759.00 25,639.00
2012-06-30 82,006.00 8,746.00 25,984.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Procter & Gamble has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Procter & Gamble used its assets more efficiently than the Europe Household Products industry average last year based on Return on Assets.
  • Procter & Gamble has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Procter & Gamble's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Household Products industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Procter & Gamble has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PRG Health

 How is Procter & Gamble's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Procter & Gamble's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Procter & Gamble's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Procter & Gamble's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Procter & Gamble's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Procter & Gamble Company Filings, last reported 3 months ago.

DB:PRG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 54,443.00 33,627.00 12,117.00
2018-09-30 52,504.00 31,287.00 11,253.00
2018-06-30 52,883.00 31,286.00 11,850.00
2018-03-31 54,946.00 35,299.00 15,534.00
2017-12-31 54,721.00 37,733.00 18,758.00
2017-09-30 55,415.00 34,214.00 16,007.00
2017-06-30 55,778.00 31,592.00 15,137.00
2017-03-31 54,548.00 30,414.00 14,327.00
2016-12-31 53,744.00 29,467.00 13,454.00
2016-09-30 58,951.00 31,125.00 14,071.00
2016-06-30 57,983.00 30,598.00 13,348.00
2016-03-31 59,853.00 32,815.00 13,819.00
2015-12-31 62,302.00 31,526.00 14,277.00
2015-09-30 62,954.00 30,487.00 12,606.00
2015-06-30 63,050.00 30,345.00 11,603.00
2015-03-31 63,380.00 32,439.00 13,160.00
2014-12-31 64,812.00 34,453.00 12,251.00
2014-09-30 66,829.00 33,232.00 10,846.00
2014-06-30 69,976.00 35,417.00 10,686.00
2014-03-31 70,041.00 36,365.00 9,752.00
2013-12-31 70,138.00 35,608.00 8,503.00
2013-09-30 68,816.00 34,780.00 7,702.00
2013-06-30 68,709.00 31,543.00 5,947.00
2013-03-31 67,953.00 32,223.00 5,876.00
2012-12-31 67,323.00 33,426.00 6,966.00
2012-09-30 64,948.00 31,877.00 5,302.00
2012-06-30 64,035.00 29,778.00 4,436.00
  • Procter & Gamble's level of debt (61.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (50.8% vs 61.8% today).
  • Debt is well covered by operating cash flow (45%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 51.6x coverage).
X
Financial health checks
We assess Procter & Gamble's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Procter & Gamble has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PRG Dividends

 What is Procter & Gamble's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.81%
Current annual income from Procter & Gamble dividends. Estimated to be 2.92% next year.
If you bought €2,000 of Procter & Gamble shares you are expected to receive €56 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Procter & Gamble's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Procter & Gamble's dividend is below the markets top 25% of dividend payers in Germany (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:PRG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below
Europe Household Products Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:PRG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 3.63 2.00
2022-06-30 3.41 4.00
2021-06-30 3.21 14.00
2020-06-30 3.04 17.00
2019-06-30 2.91 17.00
DB:PRG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-09 2.984 2.831
2019-01-08 2.869 2.920
2018-10-09 2.869 3.187
2018-07-10 2.869 3.494
2018-04-10 2.869 3.814
2018-01-09 2.758 3.365
2017-10-10 2.758 3.072
2017-07-11 2.758 3.018
2017-04-11 2.758 3.138
2017-01-10 2.678 3.008
2016-10-11 2.678 3.159
2016-07-12 2.678 3.071
2016-04-08 2.678 3.254
2016-01-12 2.652 3.270
2015-10-13 2.652 3.450
2015-07-14 2.652 3.591
2015-04-20 2.652 3.314
2015-01-13 2.574 3.032
2014-10-14 2.574 2.899
2014-07-08 2.574 3.129
2014-04-07 2.574 3.194
2014-01-14 2.406 3.059
2013-10-08 2.406 2.945
2013-07-09 2.406 3.034
2013-04-15 2.406 3.068
2013-01-08 2.248 2.979
2012-10-09 2.248 3.269
2012-07-10 2.248 3.363
2012-04-13 2.248 3.564
2012-01-10 2.100 3.186
2011-10-11 2.100 3.255
2011-07-12 2.100 3.356
2011-04-11 2.100 3.236
2011-01-11 1.927 3.059
2010-10-12 1.927 3.027
2010-07-13 1.927 3.169
2010-04-19 1.927 3.124
2010-01-12 1.760 2.809
2009-10-13 1.760 2.901
2009-07-14 1.760 3.204
2009-04-21 1.760 3.412

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Procter & Gamble's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess Procter & Gamble's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Procter & Gamble afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Procter & Gamble has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PRG Management

 What is the CEO of Procter & Gamble's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Taylor
COMPENSATION $17,354,256
AGE 60
TENURE AS CEO 3.4 years
CEO Bio

Mr. David S. Taylor has been the Chairman of the Board of The Procter & Gamble Company since July 1, 2016 and has been its Chief Executive Officer and President since November 1, 2015. Mr. Taylor served as Group President of Global Beauty, Grooming and Health Care at Procter & Gamble Co. until November 1, 2015. He served as Head of Over Health and Grooming at Procter & Gamble Co. since July 1, 2013. He served as the Group President of Global Home Care at The Procter & Gamble Company from 2007 to June 30, 2013 and served as its Group President of Global Health and Grooming since July 01, 2013 to July 2015. Mr. Taylor served as Group President of Global Home Care at Procter & Gamble Co. since 2007 until 2013. He was responsible for P&G's Professional Business unit, which sells directly to large hotels, restaurants, airports, care homes, industrial facilities and retail chains. He served as vice-president - North America family care at The Procter & Gamble Company since 2003 until July 01, 2005. Mr. Taylor has been with P&G since 1980 in various roles. He served as President of Global Family Care of Procter & Gamble Co. from July 1, 2005 to 2007. He also served as Vice President of North America Family Care at Procter & Gamble Co. from 2003 to July 1, 2005. He has 25 years of experience, including more than five years outside the USA and assignments in Baby, Beauty and Family Care. His previous positions include: served as Production Manager at Greenville, NC since 1980; Department Manager at Greenville, NC since 1983; Operations Manager at Cheboygan, MI since 1985; Operations Manager at Albany, GA since 1986; Plant Manager at Mehoopany, PA since 1989; Assistant Brand Manager at Pampers, U.S. (Cincinnati) since 1992; Brand Manager at Pampers, U.S., (Cincinnati) since 1993; Marketing Director at Diaper Products, US, (Cincinnati) since 1996; General Manager of Hong Kong & China Hair Care, (Hong Kong/China) since 1998; General Manager at Greater China Hair Care and Tissues & Towel, (China) since 2000 and General Manager and Vice President of Greater China Hair Care & Anti-Counterfeiting (China) and Vice President-Western Europe Family Care since 2001. His Local And National Activities include: Since 2006, has been on Church of the Savior Methodist Church's Endowment Board. He served as an Independent Director of TRWAutomotive Holdings Corp. since November 17, 2010 until May 15, 2015. He serves as a Director at The Procter & Gamble Company since 2015. He has been Board of Directors at America's Second Harvest and since 2007, he has been Cincinnati Scholarship Foundation's Board of Trustees. From 1989 to 1991, he served as Board Member at Regional Development Commission - Mehoopany, PA; From 1992 to 1998 at Anderson Hills United Methodist Church; from 1998 to 2001 at Church of All Nations; From 1998 to 2001, Mr. Taylor served as Board Member at HKANA - Retail Association; From 2000 to 2001, he served as Vice Chairman at Quality Brand Protection Committee - China. He served as a Director of TRW Automotive Inc. since 2010 until May 15, 2015. Mr. Taylor holds a BS in Electrical Engineering from Duke University in 1980. Mr. Taylor joined The Procter & Gamble Company in 1980 and since that time, has held numerous positions of increased responsibility in North America, Europe and Asia in virtually all of the Company’s core businesses and played a key role in the design of its portfolio optimization strategy. He held positions of increasing importance across many regions and businesses, he brought vast International, Marketing and Consumer Industry/Retail experience to the Procter & Gamble Company board, which, together with his significant Leadership, Strategy and Risk Management skills and robust knowledge of the Procter & Gamble Company, that enables him to provide valuable insight to and leadership of the Board and the Company.

CEO Compensation
  • David's compensation has been consistent with company performance over the past year.
  • David's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Procter & Gamble management team in years:

3.4
Average Tenure
55
Average Age
  • The tenure for the Procter & Gamble management team is about average.
Management Team

David Taylor

TITLE
Chairman of the Board
COMPENSATION
$17M
AGE
60
TENURE
3.4 yrs

Jon Moeller

TITLE
CFO & Vice Chairman
COMPENSATION
$8M
AGE
54

Mary Ferguson-McHugh

TITLE
Group President of Global Family Care and P&G Ventures
COMPENSATION
$5M
AGE
58

Steve, Steven Bishop

TITLE
Group President of Global Health Care
COMPENSATION
$5M
AGE
54

Kathy Fish

TITLE
Chief Research
AGE
61
TENURE
5.2 yrs

Javier Polit

TITLE
Chief Information Officer
TENURE
2 yrs

Debbie Majoras

TITLE
Chief Legal Officer & Secretary
AGE
54
TENURE
9.2 yrs

Jeff Schomburger

TITLE
Global Sales Officer
AGE
56

Laura Becker

TITLE
President of Global Business Services

Tracey Grabowski

TITLE
Chief Human Resources Officer
AGE
50
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure and age of the Procter & Gamble board of directors in years:

6.3
Average Tenure
63.5
Average Age
  • The tenure for the Procter & Gamble board of directors is about average.
Board of Directors

Jon Moeller

TITLE
CFO & Vice Chairman
COMPENSATION
$8M
AGE
54

Pat Woertz

TITLE
Independent Director
COMPENSATION
$310K
AGE
65
TENURE
11.3 yrs

David Taylor

TITLE
Chairman of the Board
COMPENSATION
$17M
AGE
60
TENURE
2.8 yrs

Bray Braly

TITLE
Independent Director
COMPENSATION
$300K
AGE
57
TENURE
9.3 yrs

Terry Lundgren

TITLE
Independent Director
COMPENSATION
$300K
AGE
66
TENURE
6.3 yrs

Joe Jimenez

TITLE
Independent Director
COMPENSATION
$37K
AGE
58
TENURE
1.1 yrs

Jim McNerney

TITLE
Lead Independent Director
COMPENSATION
$320K
AGE
69
TENURE
3.8 yrs

Scott Cook

TITLE
Independent Director
COMPENSATION
$300K
AGE
66
TENURE
19.3 yrs

Meg Whitman

TITLE
Independent Director
COMPENSATION
$285K
AGE
62
TENURE
8.2 yrs

Frank Blake

TITLE
Independent Director
COMPENSATION
$285K
AGE
69
TENURE
4.2 yrs
Who owns this company?
Recent Insider Trading
  • Procter & Gamble insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
04. Mar 19 Sell Mary Ferguson-McHugh Individual 28. Feb 19 28. Feb 19 -3,300 €86.56 €-285,634
04. Mar 19 Sell Jon Moeller Individual 28. Feb 19 28. Feb 19 -3,224 €86.56 €-279,056
04. Mar 19 Sell Carolyn Tastad Individual 28. Feb 19 28. Feb 19 -1,493 €86.56 €-129,228
04. Mar 19 Sell Jeffery Schomburger Individual 28. Feb 19 28. Feb 19 -4,859 €86.56 €-420,574
04. Mar 19 Sell Deborah Majoras Individual 28. Feb 19 28. Feb 19 -2,311 €86.56 €-200,030
04. Mar 19 Sell R. Keith Individual 28. Feb 19 28. Feb 19 -3,027 €86.56 €-262,004
25. Feb 19 Sell Valarie Sheppard Individual 22. Feb 19 22. Feb 19 -1,236 €88.30 €-109,133
25. Feb 19 Sell Juan Posada Individual 22. Feb 19 22. Feb 19 -998 €88.54 €-88,145
22. Feb 19 Sell Juan Posada Individual 21. Feb 19 21. Feb 19 -1,000 €88.01 €-88,009
21. Feb 19 Sell Juan Posada Individual 20. Feb 19 20. Feb 19 -1,000 €88.12 €-88,117
20. Feb 19 Sell Juan Posada Individual 19. Feb 19 19. Feb 19 -500 €87.15 €-43,573
15. Feb 19 Sell Trian Fund Management, L.P. Company 13. Feb 19 15. Feb 19 -1,208,754 €87.97 €-106,235,349
07. Feb 19 Sell Valarie Sheppard Individual 05. Feb 19 05. Feb 19 -1,026 €85.39 €-87,614
04. Feb 19 Sell Jeffery Schomburger Individual 04. Feb 19 04. Feb 19 -4,395 €85.36 €-375,147
04. Dec 18 Sell Juan Posada Individual 30. Nov 18 30. Nov 18 -1,068 €82.72 €-88,346
03. Dec 18 Sell Valarie Sheppard Individual 29. Nov 18 29. Nov 18 -1,075 €81.69 €-87,820
03. Dec 18 Sell Juan Posada Individual 29. Nov 18 29. Nov 18 -1,074 €81.82 €-87,871
19. Nov 18 Sell Loïc Tassel Individual 15. Nov 18 16. Nov 18 -1,618 €82.91 €-132,422
19. Nov 18 Sell Juan Posada Individual 16. Nov 18 16. Nov 18 -1,062 €82.43 €-87,539
15. Nov 18 Sell Carolyn Tastad Individual 15. Nov 18 15. Nov 18 -6,245 €82.15 €-513,016
14. Nov 18 Sell R. Keith Individual 13. Nov 18 13. Nov 18 -5,391 €81.41 €-438,900
13. Nov 18 Sell Stephen Bishop Individual 09. Nov 18 09. Nov 18 -7,557 €80.55 €-608,721
09. Nov 18 Sell Yannis Skoufalos Individual 09. Nov 18 09. Nov 18 -7,828 €80.55 €-630,551
05. Nov 18 Sell R. Keith Individual 02. Nov 18 02. Nov 18 -1,463 €78.96 €-115,518
05. Nov 18 Sell Loïc Tassel Individual 02. Nov 18 02. Nov 18 -1,463 €78.96 €-115,518
05. Nov 18 Sell Magesvaran Suranjan Individual 02. Nov 18 02. Nov 18 -1,463 €78.96 €-115,518
05. Nov 18 Sell Juan Posada Individual 02. Nov 18 02. Nov 18 -1,463 €78.96 €-115,518
05. Nov 18 Sell Matthew Price Individual 02. Nov 18 02. Nov 18 -3,081 €78.96 €-243,274
10. Sep 18 Sell Kathleen Fish Individual 31. Aug 18 31. Aug 18 -10,342 €71.67 €-741,240
31. Aug 18 Sell Kathleen Fish Individual 29. Aug 18 29. Aug 18 -11,931 €71.39 €-851,747
30. Aug 18 Sell Deborah Majoras Individual 29. Aug 18 29. Aug 18 -11,097 €71.42 €-792,572
29. Aug 18 Sell Kathleen Fish Individual 27. Aug 18 27. Aug 18 -599 €71.52 €-42,843
27. Aug 18 Sell Yannis Skoufalos Individual 24. Aug 18 24. Aug 18 -6,000 €71.57 €-429,400
23. Aug 18 Sell Shailesh Jejurikar Individual 22. Aug 18 22. Aug 18 -3,410 €72.04 €-245,649
23. Aug 18 Sell Magesvaran Suranjan Individual 22. Aug 18 22. Aug 18 -3,227 €72.04 €-232,466
23. Aug 18 Sell Deborah Majoras Individual 22. Aug 18 22. Aug 18 -5,402 €72.04 €-389,148
23. Aug 18 Sell Fama Francisco Individual 22. Aug 18 22. Aug 18 -2,198 €72.04 €-158,339
23. Aug 18 Sell Jon Moeller Individual 22. Aug 18 22. Aug 18 -10,833 €72.04 €-780,386
23. Aug 18 Sell Gary Coombe Individual 22. Aug 18 22. Aug 18 -2,901 €72.04 €-208,982
23. Aug 18 Sell Stephen Bishop Individual 22. Aug 18 22. Aug 18 -5,006 €72.04 €-360,621
23. Aug 18 Sell Yannis Skoufalos Individual 22. Aug 18 22. Aug 18 -4,711 €72.04 €-339,370
23. Aug 18 Sell Kathleen Fish Individual 22. Aug 18 22. Aug 18 -4,291 €72.04 €-309,114
23. Aug 18 Sell Jeffery Schomburger Individual 22. Aug 18 22. Aug 18 -4,177 €72.04 €-300,902
22. Aug 18 Sell David Taylor Individual 22. Aug 18 22. Aug 18 -21,029 €72.04 €-1,514,883
22. Aug 18 Sell Carolyn Tastad Individual 22. Aug 18 22. Aug 18 -4,181 €72.04 €-301,190
22. Aug 18 Sell Mary Ferguson-McHugh Individual 22. Aug 18 22. Aug 18 -5,006 €72.04 €-360,621
22. Aug 18 Sell R. Keith Individual 22. Aug 18 22. Aug 18 -3,410 €72.04 €-245,649
20. Aug 18 Sell Jeffery Schomburger Individual 16. Aug 18 16. Aug 18 -4,138 €73.65 €-304,770
15. Aug 18 Sell Jeffery Schomburger Individual 13. Aug 18 13. Aug 18 -1,985 €71.28 €-141,494
15. Aug 18 Sell Marc Pritchard Individual 13. Aug 18 13. Aug 18 -2,978 €71.28 €-212,269
15. Aug 18 Sell Deborah Majoras Individual 13. Aug 18 13. Aug 18 -1,980 €71.28 €-141,135
15. Aug 18 Sell Jon Moeller Individual 13. Aug 18 13. Aug 18 -2,873 €71.28 €-204,784
03. Aug 18 Sell Juan Posada Individual 02. Aug 18 02. Aug 18 -600 €69.74 €-41,845
03. Aug 18 Sell Carolyn Tastad Individual 01. Aug 18 01. Aug 18 -5,013 €68.75 €-344,645
12. Jun 18 Sell Yannis Skoufalos Individual 11. Jun 18 11. Jun 18 -4,098 €65.56 €-268,654
12. Jun 18 Sell Jon Moeller Individual 11. Jun 18 11. Jun 18 -5,300 €65.56 €-347,454
12. Jun 18 Sell Giovanni Ciserani Individual 11. Jun 18 11. Jun 18 -12,034 €65.56 €-788,918
04. Jun 18 Sell Gary Coombe Individual 04. Jun 18 04. Jun 18 -1,529 €63.52 €-97,127
02. May 18 Sell Stephen Bishop Individual 02. May 18 02. May 18 -2,075 €60.03 €-124,568
X
Management checks
We assess Procter & Gamble's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Procter & Gamble has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PRG News

Simply Wall St News

PRG Company Info

Description

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirants and deodorants, and personal cleansing and skin care products under the Head & Shoulders, Pantene, Rejoice, Olay, Old Spice, Safeguard, and SK-II brands. The Grooming segment provides female and male blades and razors, pre- and post-shave products, and other shave care products; and appliances that include electric shavers and epilators under the Braun, Fusion, Gillette, Mach3, Prestobarba, and Venus brands. The Health Care segment offers toothbrushes, toothpastes, and other oral care products; and gastrointestinal, rapid diagnostics, respiratory, vitamin/mineral/supplement, and other personal health care products under the Crest, Oral-B, Metamucil, Prilosec, and Vicks brands. The Fabric & Home Care segment provides fabric enhancers, laundry additives, and laundry detergents; and air care, dish care, P&G professional, and surface care products under the Ariel, Downy, Gain, Tide, Cascade, Dawn, Febreze, Mr. Clean, and Swiffer brands. The Baby, Feminine & Family Care segment offers baby wipes, diapers, and pants; adult incontinence and feminine care products; and paper towels, tissues, and toilet paper under the Luvs, Pampers, Always, Tampax, Bounty, Charmin, and Puffs brands. The company sells its products through mass merchandisers, e-commerce, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, baby stores, specialty beauty stores, high-frequency stores, and pharmacies. The Procter & Gamble Company was founded in 1837 and is headquartered in Cincinnati, Ohio.

Details
Name: The Procter & Gamble Company
PRG
Exchange: DB
Founded: 1837
$235,898,116,021
2,501,579,709
Website: http://www.pginvestor.com
Address: The Procter & Gamble Company
One Procter & Gamble Plaza,
Cincinnati,
Ohio, 45202,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE PG Common Stock New York Stock Exchange US USD 02. Jan 1968
DB PRG Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
XTRA PRG Common Stock XETRA Trading Platform DE EUR 02. Jan 1968
LSE 0NOF Common Stock London Stock Exchange GB EUR 02. Jan 1968
SWX PG Common Stock SIX Swiss Exchange CH CHF 02. Jan 1968
WBAG PG Common Stock Wiener Boerse AG AT EUR 02. Jan 1968
SNSE PG Common Stock Santiago Stock Exchange CL USD 02. Jan 1968
BVC PG Common Stock Bolsa de Valores de Colombia CO COP 02. Jan 1968
BMV PG * Common Stock Bolsa Mexicana de Valores MX MXN 02. Jan 1968
BVL PG Common Stock Bolsa de Valores de Lima PE USD 02. Jan 1968
BOVESPA PGCO34 BDR EACH REPR 1 COM SH Bolsa de Valores de Sao Paulo BR BRL 03. May 2011
BASE PG CEDEAR EACH 5 REP 1 COM NPV Buenos Aires Stock Exchange AR ARS 07. Mar 2000
Number of employees
Current staff
Staff numbers
92,000
Procter & Gamble employees.
Industry
Household Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 20:48
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/01/23
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.