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Reckitt Benckiser Group

LSE:RB.
Snowflake Description

Solid track record established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RB.
LSE
£40B
Market Cap
  1. Home
  2. GB
  3. Household
Last updated 2018/04/23 00:57
Company description

Reckitt Benckiser Group plc manufactures, markets, and sells health, hygiene, and home products. More info.


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3 Month History
RB.
Industry
5yr Volatility vs Market

Value

 Is Reckitt Benckiser Group 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 Reckitt Benckiser Group 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.

How is this discounted cash flow calculated?

Current Discount
Amount off the current price Reckitt Benckiser Group is available for.
Intrinsic value
10%
Share price is £56.25 vs Future cash flow value of £62.53
Current Discount Checks
For Reckitt Benckiser Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Reckitt Benckiser Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Reckitt Benckiser Group'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 Reckitt Benckiser Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Reckitt Benckiser Group's earnings available for a low price, and how does this compare to other companies in the same industry?
  • Reckitt Benckiser Group is good value based on earnings compared to the Global Household Products industry average.
  • Reckitt Benckiser Group is good value based on earnings compared to the GB market.
Price based on expected Growth
Does Reckitt Benckiser Group's expected growth come at a high price?
  • Reckitt Benckiser Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Reckitt Benckiser Group's assets?
  • Reckitt Benckiser Group is good value based on assets compared to the Global Household Products industry average.
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Value checks
We assess Reckitt Benckiser Group'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. Reckitt Benckiser Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
    Note 2: PEG ratio is based on analysts EPS growth expectations in 1 year (-34.07%).

    Full details on the Value part of the Simply Wall St company analysis model.
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Discounted cash flow (2 Stage Free Cash Flow to Equity)

The calculations below outline how an intrinsic value for Reckitt Benckiser Group is arrived at by discounting future cash flows to their present value. We use analyst's estimates of cash flows going forward 5 years.

See our documentation to learn about this calculation.

5 year cash flow forecast

Present value of next 5 years cash flows:
£11,166

Terminal Value

Terminal Value = FCF2022 × (1 + g) ÷ (Discount Rate – g)

Terminal Value = £3,286 × (1 + 1.49%) ÷ (8.3% – 1.49%)

Terminal value based on the Perpetuity Method where growth (g) = 1.49%:
£48,986

Present value of terminal value:
£32,883

Equity Value

Equity Value (Total value) = Present value of next 5 years cash flows + terminal value
£44,049 = £11,166 + £32,883

Value = Total value / Shares Outstanding (£44,049 / 704)

Discount to Share Price

Value per share:
£62.53

Current discount (share price of £56.25): 10.05%



Estimate of Discount Rate

The discount rate, or required rate of return, is estimated by calculating the Cost of Equity.

Discount rate = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)

Discount rate = 8.3% = 1.49% + (0.8 * 8.51%)



Estimate of Bottom Up Beta

The Levered Beta is the Unlevered Beta adjusted for financial leverage. It is limited to 0.8 to 2.0 (practical range for a stable firm). Note the market value of equity is used not the book value (£39,621,799,631).

Levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))

0.632 = 0.5 (1 + (1- 19%) (32.46%))

Levered Beta used in calculation = 0.8



Assumptions
  1. The risk free rate of 1.49% is from the 10 year government bond rate in GBP.
  2. The bottom-up beta is estimated by analysing other companies in the same industry.
  3. The Equity Risk Premium is calculated by subtracting the risk free rate from the market return premium (8.51%) (source: Buffet).
  4. The dividend discount model is automatically used for companies in the following industries: Banks, Insurance, Real Estate Investment Trusts (REITs), Diversified Financial Services and Capital Markets.

Future Performance

 How is Reckitt Benckiser Group expected to perform in the next 1 to 3 years based on estimates from 21 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
3.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Reckitt Benckiser Group expected to grow at an attractive rate?
  • Reckitt Benckiser Group's earnings growth is positive but not above the low risk savings rate of 4.5%.
Growth vs Market Checks
  • Reckitt Benckiser Group's earnings growth is positive but not above the GB market average.
  • Reckitt Benckiser Group's revenue growth is positive but not above the GB market average.
Annual Growth Rates Comparison
Analysts growth expectations
Super high growth metrics
High Growth Checks
  • Reckitt Benckiser Group's earnings are expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).
  • Reckitt Benckiser Group's revenue is expected to grow by 4.6% 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.
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.
  • Reckitt Benckiser Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
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Future performance checks
We assess Reckitt Benckiser Group'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 XX market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the XX 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.
Reckitt Benckiser Group has a total score of 0/6, 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.

Past Performance

  How has Reckitt Benckiser Group 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 Reckitt Benckiser Group'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.
  • Reckitt Benckiser Group's year on year earnings growth rate has been positive over the past 5 years.
  • Reckitt Benckiser Group's 1-year earnings growth exceeds its 5-year average (95.3% vs 5.3%)
  • Reckitt Benckiser Group's earnings growth has exceeded the Global Household Products industry average in the past year (95.3% vs 22.6%).
Earnings and Revenue History
Reckitt Benckiser Group'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.
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.
  • Reckitt Benckiser Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Reckitt Benckiser Group used its assets more efficiently than the Global Household Products industry average last year based on Return on Assets.
  • Reckitt Benckiser Group's use of capital has not improved over the past 3 years (Return on Capital Employed).
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Past performance checks
We assess Reckitt Benckiser Group'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.
Reckitt Benckiser Group 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.

Health

 How is Reckitt Benckiser Group'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 Reckitt Benckiser Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Reckitt Benckiser Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Reckitt Benckiser Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Reckitt Benckiser Group'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.4x 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.
  • Reckitt Benckiser Group's level of debt (94.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (55.3% vs 94.8% today).
  • Debt is not well covered by operating cash flow (19.4%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 20.5x coverage).
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Financial health checks
We assess Reckitt Benckiser Group'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 short term assets? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Reckitt Benckiser Group has a total score of 1/6, see the detailed checks below.


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

Dividends

 What is Reckitt Benckiser Group'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
2.92%
Current annual income from Reckitt Benckiser Group dividends. Estimated to be 3.23% next year.
If you bought £2,000 of Reckitt Benckiser Group shares you are expected to receive £58 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?
  • Reckitt Benckiser Group's dividend is above the low risk savings rate (1.64%).
  • Reckitt Benckiser Group's dividend is below the markets top dividend payers (4.03%).
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.
  • 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 Reckitt Benckiser Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by net profit (2.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by net profit (2x coverage).
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Income/ dividend checks
We assess Reckitt Benckiser Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.5%) - if not then the rest of the checks are ignored.
  2. Current dividend yield, is there one at all, is it higher than the low risk savings rate, and is it above the top 25% of dividend payers? (2 checks)
  3. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  4. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  5. How sustainable is the dividend, can Reckitt Benckiser Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  6. Reckitt Benckiser Group 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.

Management

 What is the CEO of Reckitt Benckiser Group'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
Rakesh Kapoor, image provided by Google.
Rakesh Kapoor
COMPENSATION £12,480,360
AGE 58
TENURE AS CEO 6.6 years
CEO Bio

Mr. Rakesh Kapoor serves as the Chief Executive Officer of Reckitt Benckiser (Bangladesh) Limited. Mr. Kapoor has been Chief Executive Officer and Executive Director of Reckitt Benckiser Group Plc since September 1, 2011. He served as an Executive Vice President of Category Development at Reckitt Benckiser Plc. from July 1, 2006 to 2011. Mr. Kapoor was responsible for global category management, research & development, media and market research. Mr. Kapoor Joined Reckitt & Colman in 1987 and served in various roles including, Regional Sales Manager, North India, General Manager, Indian Southern Region and Regional Marketing Director, South Asia. In 1999, he was appointed Global Category Director, Pest Control. Following the merger, he assumed the role of, Senior Vice President, Home Care. Mr. Kapoor was appointed Senior Vice President, Regional Director, Northern Europe in 2001, where he was responsible for UK Household and Healthcare, Ireland and Scandinavia. He served as Global Marketing director of Reckitt & Colman plc from 1997 to 1999. He served as Vice President Marketing India and Regional Marketing Director - South Asia of Reckitt & Colman from 1996 to 1997. From 1994 to 1996, he served as - General Manager - Southern India and General manager of Reckitt & Colman Southern India, with P&L accountability. He served as Marketing Manager Personal Care, India at Reckitt & Colman from 1991 to 1994 and Regional Sales Manager - Northern Indiafrom 1987 to 1991. He serves as Director of Reckitt Benckiser (Bangladesh) Limited since 2015. He holds Masters in Business Management (MBA) from XLRI, Jamshedpur, India and BSc, Chemical Engineering from the Business Institute of Technical Studies (BITS), Pilani India.

CEO Compensation
  • Rakesh's compensation has been consistent with company performance over the past year.
  • Rakesh's compensation appears reasonable for a company of this size and profit level.
Management Team Tenure

Average tenure and age of the Reckitt Benckiser Group management team in years:

3.5
Average Tenure
55
Average Age
  • The tenure for the Reckitt Benckiser Group management team is about average.
Management Team

Rakesh Kapoor

TITLE
CEO & Director
COMPENSATION
£12M
AGE
58
TENURE
6.6 yrs

Adrian Hennah

TITLE
CFO & Director
COMPENSATION
£3M
AGE
60
TENURE
5.2 yrs

Seth Cohen

TITLE
Chief Information Officer
TENURE
0.6 yrs

Richard Joyce

TITLE
Senior Vice President of Investor Relations

Rupert Bondy

TITLE
Senior VP
AGE
55
TENURE
1.3 yrs

Patty O'Hayer

TITLE
Head of Communications & Government Affairs

Gurveen Singh

TITLE
Chief Human Resources Officer
TENURE
0.3 yrs

Amedeo Fasano

TITLE
Chief Supply Officer
AGE
55
TENURE
9.1 yrs

Rob de Groot

TITLE
President of Hygiene Home
AGE
50
TENURE
0.3 yrs

Alexander Lacik

TITLE
President of North America Region
AGE
52
TENURE
4.8 yrs
Board of Directors Tenure

Average tenure and age of the Reckitt Benckiser Group board of directors in years:

7.8
Average Tenure
62.1
Average Age
  • The tenure for the Reckitt Benckiser Group board of directors is about average.
Board of Directors

Adrian D. Bellamy

TITLE
Non-Executive Chairman
COMPENSATION
£395K
AGE
75
TENURE
14.9 yrs

Rakesh Kapoor

TITLE
CEO & Director
COMPENSATION
£12M
AGE
58
TENURE
6.6 yrs

Adrian Hennah

TITLE
CFO & Director
COMPENSATION
£3M
AGE
60
TENURE
5.2 yrs

André Pierre Lacroix

TITLE
Senior Independent Director
COMPENSATION
£135K
AGE
56
TENURE
4.8 yrs

Pam Kirby

TITLE
Non-Executive Director
COMPENSATION
£135K
AGE
64
TENURE
3.2 yrs

Mary Harris

TITLE
Non-Executive Director
COMPENSATION
£108K
AGE
51
TENURE
3.2 yrs

Christopher Sinclair

TITLE
Non-Executive Director
COMPENSATION
£105K
AGE
66
TENURE
3.2 yrs

Ken Hydon

TITLE
Non-Executive Director
COMPENSATION
£110K
AGE
72
TENURE
14.3 yrs

Judy Sprieser

TITLE
Non-Executive Director
COMPENSATION
£118K
AGE
64
TENURE
14.7 yrs

Warren Tucker

TITLE
Non-Executive Director
COMPENSATION
£105K
AGE
55
TENURE
8.2 yrs
Recent Insider Trading
  • No 3 month insider trading information.
Who owns this company?
X
Management checks
We assess Reckitt Benckiser Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap and profit (greater than 0.5% of the company's profit + 0.03% of 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. Reckitt Benckiser Group 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.

Company News

External News
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Simply Wall St News

Reckitt Benckiser Group plc (LON:RB.): What You Have To Know Before Buying For The Upcoming Dividend

View our latest analysis for Reckitt Benckiser Group 5 questions to ask before buying a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is its annual yield among the top 25% of dividend payers? … Historical Dividend Yield Apr 8th 18 How does Reckitt Benckiser Group fare? … Next Steps: Taking into account the dividend metrics, Reckitt Benckiser Group ticks most of the boxes as a strong dividend investment, putting it in my list of top dividend payers.

Simply Wall St -

Is Reckitt Benckiser Group plc's (LON:RB.) Strong Prospects Worth The Price?

Historical Debt Mar 29th 18 Investors tend to get swept up by a company's growth prospects and promises, but a key element to always look at is its financial health in order to minimize the downside risk of investing. … The current state of RB.'s financial health lowers my conviction around the sustainability of the business going forward. … as a business is its low level of fixed assets on its balance sheet (7.98% of total assets).

Simply Wall St -

Reckitt Benckiser Group plc (LON:RB.): What Can We Expect In The Future?

In this article, I've outline a few earnings growth rates to give you a sense of the market sentiment for Reckitt Benckiser Group in the longer term. … I've plotted out each year's earnings expectations and inserted a line of best fit to calculate an annual growth rate from the slope in order to understand the overall trajectory of RB.'s earnings growth over these next few years. … Future Profit Mar 6th 18 By 2021, RB.'s earnings should reach UK£2.73B, from current levels of UK£3.38B, resulting in an annual growth rate of 4.23%.

Simply Wall St -

Is Reckitt Benckiser Group plc (LON:RB.) A Buy At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for RB. … Price per share = £59.8 Earnings per share = £4.807 ∴ Price-Earnings Ratio = £59.8 ÷ £4.807 = 12.4x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you are inadvertently comparing lower risk firms with RB., then RB.’s P/E would naturally be lower than its peers, since investors would value those with lower risk with a higher price.

Simply Wall St -

Calculating The Fair Value Of Reckitt Benckiser Group plc (LON:RB.)

In this article I am going to calculate the intrinsic value of Reckitt Benckiser Group plc (LSE:RB.) by taking the expected future cash flows and discounting them to their present value. … 5-year cash flow forecast 2018 2019 2020 2021 2022 Levered FCF (£, Millions) £2,443.85 £2,740.01 £3,116.28 £3,426.50 £3,390.00 Source Analyst x13 Analyst x11 Analyst x4 Analyst x2 Analyst x1 Present Value Discounted @ 8.3% £2,256.60 £2,336.21 £2,453.43 £2,490.97 £2,275.61 Present Value of 5-year Cash Flow (PVCF)= £11,813 We now need to calculate the Terminal Value, which accounts for all the future cash flows after the five years. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = £3,390 × (1 + 1.5%) ÷ (8.3% – 1.5%) = £50,536 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = £50,536 / ( 1 + 8.3%)5 = £33,924 The total value, or equity value, is then the sum of the present value of the cash flows, which in this case is £45,736.

Simply Wall St -

Why Reckitt Benckiser Group plc (LON:RB.) Could Be A Buy

Let’s take a look at Reckitt Benckiser Group’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … It’s trading around 6% above my intrinsic value, which means if you buy Reckitt Benckiser Group today, you’d be paying a relatively reasonable price for it. … Reckitt Benckiser Group’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value.

Simply Wall St -

What Should You Know Before Buying Reckitt Benckiser Group plc (LON:RB.) For Its Dividend

Check out our latest analysis for Reckitt Benckiser Group 5 questions to ask before buying a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is its annual yield among the top 25% of dividend-paying companies? … Historical Dividend Yield Jan 24th 18 How well does Reckitt Benckiser Group fit our criteria? … Compared to its peers, Reckitt Benckiser Group produces a yield of 2.19%, which is high for Household Products stocks but still below the low risk savings rate.Next Steps: With this in mind, I definitely rank Reckitt Benckiser Group as a strong dividend stock, and makes it worth further research for anyone who likes steady income generation from their portfolio.

Simply Wall St -

What Do Current Expectations Tell Us About Reckitt Benckiser Group plc's (LON:RB.) Margins In The Next Few Years?

Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 2.13 Billion ÷ 10.52 Billion = 20.20% There has been an expansion in Reckitt Benckiser Group's margin over the past five years, due to average net income growth of 1.33% outstripping average revenue growth of 0.34%, which means that the previous increase in revenue has coincided with a larger portion falling to the bottom line. … What does Reckitt Benckiser Group's margin expectation tell us about future earnings? … Based on future expectations, RB.'s profit margin will keep on expanding, with an expectation of 6.70% in annual revenue growth and annual net income growth forecasted at 9.05%.

Simply Wall St -

What You Must Know About Reckitt Benckiser Group plc's (LON:RB.) Financial Strength

Check out our latest analysis for Reckitt Benckiser Group Is RB.’s debt level acceptable? … Historical Debt Jan 2nd 18 A simple way to determine whether the company has put debt into good use is to look at its operating cash flow against its debt obligation. … In the case of RB., operating cash flow turned out to be 0.15x its debt level over the past twelve months.

Simply Wall St -

Did Reckitt Benckiser Group plc (LON:RB.) Create Value For Shareholders?

Check out our latest analysis for Reckitt Benckiser Group Breaking down ROE — the mother of all ratios Return on Equity (ROE) weighs Reckitt Benckiser Group’s profit against the level of its shareholders’ equity. … For now, let’s just look at the cost of equity number for Reckitt Benckiser Group, which is 8.30%. … Given a positive discrepancy of 19.29% between return and cost, this indicates that Reckitt Benckiser Group pays less for its capital than what it generates in return, which is a sign of capital efficiency.

Simply Wall St -

Company Info

Map
Description

Reckitt Benckiser Group plc manufactures, markets, and sells health, hygiene, and home products. The company offers products for the treatment of analgesic and gastro-intestinal problems, sore throat, cough, pain, and flu, as well as wellness products in sexual wellbeing, footcare, vitamins, and supplements under the Durex, Gaviscon, Nurofen, Mucinex, Scholl/Amopé, and Strepsils brand names. It also provides hygienic products, including lavatory care products, antiseptic personal care products, pest control products, automatic dishwashing products, and depilatory products under the Bang, Clearasil, Dettol, Finish, Harpic, Lysol, Mortein, and Veet brand names. In addition, the company offers home products, such as fabric treatment products, water softeners, and air care products under the Air Wick, Calgon, Vanish, Woolite brands. Further, it provides infant and child nutrition products under the Enfamil and Nutramigen brands. The company operates in Europe, Russia, the CIS, Israel, North America, Australia, New Zealand, North Africa, the Middle East, Turkey, Africa, South Asia, North Asia, Latin America, Japan, South Korea, and ASEAN countries. Reckitt Benckiser Group plc was founded in 1823 and is headquartered in Slough, the United Kingdom.

Details
Name: Reckitt Benckiser Group plc
RB.
Exchange: LSE
Founded: 1823
£39,621,799,631
704,387,549
Website: http://www.rb.com
Address: Reckitt Benckiser Group plc
Turner House,
103-105 Bath Road,
Slough,
Berkshire, SL1 3UH,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE RB. Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
OTCPK RBGP.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB 3RB Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
XTRA 3RB Ordinary Shares XETRA Trading Platform DE EUR 02. Jan 1992
SWX RB Ordinary Shares SIX Swiss Exchange CH CHF 02. Jan 1992
BMV RB N Ordinary Shares Bolsa Mexicana de Valores MX MXN 02. Jan 1992
BATS-CHIXE RBL Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1992
OTCPK RBGL.Y SPONSORED ADR Pink Sheets LLC US USD 13. Oct 2008
DB 3RBB SPONSORED ADR Deutsche Boerse AG DE EUR 13. Oct 2008
Number of employees
Current staff
Staff numbers
40,000
Reckitt Benckiser Group employees.
Industry
Household Products
Household
Company Analysis and Financial Data Status
Area Date
Company Analysis updated: 2018/04/23 00:57
Last estimates confirmation: 2018/04/20
Last earnings update: 2017/12/31
Last annual earnings update: 2017/12/31


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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.