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Wolters Kluwer

OTCPK:WTKW.Y
Snowflake Description

Average dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WTKW.Y
OTCPK
€18B
Market Cap
  1. Home
  2. US
  3. Commercial Services
Company description

Wolters Kluwer N.V., together with its subsidiaries, provides professional information, software solutions, and services in Europe, North America, the Asia Pacific, and internationally. The last earnings update was 133 days ago. More info.


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WTKW.Y Share Price and Events
7 Day Returns
1.4%
OTCPK:WTKW.Y
1.8%
US Professional Services
0.6%
US Market
1 Year Returns
21.4%
OTCPK:WTKW.Y
9.7%
US Professional Services
4.1%
US Market
WTKW.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wolters Kluwer (WTKW.Y) 1.4% 1.2% 4.3% 21.4% 75.8% 157.3%
US Professional Services 1.8% 5.2% 6.8% 9.7% 41.1% 65.8%
US Market 0.6% 3.8% 2.8% 4.1% 37.3% 42.5%
1 Year Return vs Industry and Market
  • WTKW.Y outperformed the Professional Services industry which returned 9.7% over the past year.
  • WTKW.Y outperformed the Market in United States of America which returned 4.1% over the past year.
Price Volatility
WTKW.Y
Industry
5yr Volatility vs Market

WTKW.Y Value

 Is Wolters Kluwer 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 Wolters Kluwer 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 Wolters Kluwer.

OTCPK:WTKW.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 16 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:WTKW.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.852 (1 + (1- 25%) (15.89%))
0.969
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.969 * 5.96%)
8.5%

Discounted Cash Flow Calculation for OTCPK:WTKW.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Wolters Kluwer 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.

OTCPK:WTKW.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.5%)
2020 814.60 Analyst x7 750.76
2021 896.63 Analyst x4 761.61
2022 979.00 Analyst x1 766.42
2023 1,040.29 Est @ 6.26% 750.58
2024 1,094.40 Est @ 5.2% 727.74
2025 1,143.20 Est @ 4.46% 700.63
2026 1,188.26 Est @ 3.94% 671.17
2027 1,230.77 Est @ 3.58% 640.71
2028 1,271.67 Est @ 3.32% 610.13
2029 1,311.67 Est @ 3.15% 580.00
Present value of next 10 years cash flows €6,959.74
OTCPK:WTKW.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €1,311.67 × (1 + 2.73%) ÷ (8.5% – 2.73%)
€23,343.29
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €23,343.29 ÷ (1 + 8.5%)10
€10,322.08
OTCPK:WTKW.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €6,959.74 + €10,322.08
€17,281.81
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €17,281.81 / 270.65
€63.85
OTCPK:WTKW.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:WTKW.Y represents 1.12159x of ENXTAM:WKL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.12159x
Value per Share
(Listing Adjusted, USD)
= Value per Share (EUR) x Listing Adjustment Factor
= € 63.85 x 1.12159
$71.62
Value per share (USD) From above. $71.62
Current discount Discount to share price of $73.31
= -1 x ($73.31 - $71.62) / $71.62
-2.4%

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

  • The current share price of Wolters Kluwer is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Wolters Kluwer's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wolters Kluwer's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:WTKW.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €2.37
ENXTAM:WKL Share Price ** ENXTAM (2019-07-17) in EUR €65.36
United States of America Professional Services Industry PE Ratio Median Figure of 38 Publicly-Listed Professional Services Companies 22.9x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.98x

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

** Primary Listing of Wolters Kluwer.

OTCPK:WTKW.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTAM:WKL Share Price ÷ EPS (both in EUR)

= 65.36 ÷ 2.37

27.53x

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

  • Wolters Kluwer is overvalued based on earnings compared to the US Professional Services industry average.
  • Wolters Kluwer is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Wolters Kluwer's expected growth come at a high price?
Raw Data
OTCPK:WTKW.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
2.8%per year
United States of America Professional Services Industry PEG Ratio Median Figure of 31 Publicly-Listed Professional Services Companies 1.77x
United States of America Market PEG Ratio Median Figure of 2,122 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

OTCPK:WTKW.Y PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 27.53x ÷ 2.8%

10.01x

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

  • Wolters Kluwer is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Wolters Kluwer's assets?
Raw Data
OTCPK:WTKW.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €8.36
ENXTAM:WKL Share Price * ENXTAM (2019-07-17) in EUR €65.36
United States of America Professional Services Industry PB Ratio Median Figure of 61 Publicly-Listed Professional Services Companies 2.45x
United States of America Market PB Ratio Median Figure of 5,241 Publicly-Listed Companies 1.81x
OTCPK:WTKW.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTAM:WKL Share Price ÷ Book Value per Share (both in EUR)

= 65.36 ÷ 8.36

7.82x

* Primary Listing of Wolters Kluwer.

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

  • Wolters Kluwer is overvalued based on assets compared to the US Professional Services industry average.
X
Value checks
We assess Wolters Kluwer'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 Professional Services 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 Professional Services industry average (and greater than 0)? (1 check)
  5. Wolters Kluwer 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.

WTKW.Y Future Performance

 How is Wolters Kluwer expected to perform in the next 1 to 3 years based on estimates from 16 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
2.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wolters Kluwer expected to grow at an attractive rate?
  • Wolters Kluwer's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Wolters Kluwer's earnings growth is positive but not above the United States of America market average.
  • Wolters Kluwer's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:WTKW.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:WTKW.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 2.8%
OTCPK:WTKW.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 4.6%
United States of America Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 31.8%
United States of America Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
OTCPK:WTKW.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:WTKW.Y Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 5,140 780 1
2021-12-31 4,921 1,234 695 11
2020-12-31 4,738 1,143 645 16
2019-12-31 4,559 1,091 609 16
OTCPK:WTKW.Y Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 4,260 934 657
2018-09-30 4,239 926 690
2018-06-30 4,272 917 757
2018-03-31 4,347 929 714
2017-12-31 4,368 940 636
2017-09-30 4,416 942 619
2017-06-30 4,414 943 562
2017-03-31 4,350 935 526
2016-12-31 4,286 927 489
2016-09-30 4,261 915 474
2016-06-30 4,235 902 459
2016-03-31 4,222 873 441

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Wolters Kluwer's earnings are expected to grow by 2.8% yearly, however this is not considered high growth (20% yearly).
  • Wolters Kluwer'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.
Raw Data
OTCPK:WTKW.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below

All data from Wolters Kluwer Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:WTKW.Y Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 3.01 3.01 3.01 1.00
2021-12-31 2.67 2.74 2.51 5.00
2020-12-31 2.44 2.52 2.23 7.00
2019-12-31 2.27 2.34 2.17 7.00
OTCPK:WTKW.Y Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 2.37
2018-09-30 2.47
2018-06-30 2.69
2018-03-31 2.52
2017-12-31 2.23
2017-09-30 2.16
2017-06-30 1.95
2017-03-31 1.81
2016-12-31 1.68
2016-09-30 1.62
2016-06-30 1.57
2016-03-31 1.51

*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.
  • Wolters Kluwer is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Wolters Kluwer'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Wolters Kluwer 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.

WTKW.Y Past Performance

  How has Wolters Kluwer 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 Wolters Kluwer's growth in the last year to its industry (Professional Services).
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.
  • Wolters Kluwer's year on year earnings growth rate has been positive over the past 5 years.
  • Wolters Kluwer's 1-year earnings growth is less than its 5-year average (3.3% vs 14%)
  • Wolters Kluwer's earnings growth has not exceeded the US Professional Services industry average in the past year (3.3% vs 28%).
Earnings and Revenue History
Wolters Kluwer'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 Wolters Kluwer Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:WTKW.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 4,260.00 657.00 2,175.00
2018-09-30 4,239.00 690.00 2,167.00
2018-06-30 4,272.00 757.00 2,168.00
2018-03-31 4,347.00 713.50 2,219.00
2017-12-31 4,368.00 636.00 2,261.00
2017-09-30 4,416.00 619.00 2,272.00
2017-06-30 4,414.00 562.00 2,277.00
2017-03-31 4,350.00 525.50 2,242.50
2016-12-31 4,286.00 489.00 2,208.00
2016-09-30 4,260.50 474.00 2,201.50
2016-06-30 4,235.00 459.00 2,195.00
2016-03-31 4,221.50 441.00 2,198.50
2015-12-31 4,208.00 423.00 2,202.00
2015-09-30 4,083.50 429.00 2,118.00
2015-06-30 3,959.00 435.00 2,034.00
2015-03-31 3,809.50 454.00 1,957.00
2014-12-31 3,660.00 473.00 1,880.00
2014-06-30 3,539.00 387.00 1,837.00
2014-03-31 3,552.00 369.50 1,838.00
2013-12-31 3,565.00 352.00 1,839.00
2013-06-30 3,604.00 360.00 1,877.00
2013-03-31 3,600.50 347.00 1,863.50
2012-12-31 3,597.00 334.00 1,850.00
2012-09-30 3,533.50 300.50 1,838.50

*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.
  • Whilst Wolters Kluwer has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Wolters Kluwer used its assets more efficiently than the US Professional Services industry average last year based on Return on Assets.
  • Wolters Kluwer has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Wolters Kluwer'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 Professional Services 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.
Wolters Kluwer has a total score of 3/6, 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.

WTKW.Y Health

 How is Wolters Kluwer'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 Wolters Kluwer's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wolters Kluwer's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Wolters Kluwer's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Wolters Kluwer'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 0.8x 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 Wolters Kluwer Company Filings, last reported 6 months ago.

OTCPK:WTKW.Y Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,267.00 2,811.00 783.00
2018-09-30 2,267.00 2,811.00 783.00
2018-06-30 2,235.00 2,624.00 654.00
2018-03-31 2,235.00 2,624.00 654.00
2017-12-31 2,232.00 3,090.00 1,020.00
2017-09-30 2,325.00 3,090.00 1,020.00
2017-06-30 2,413.00 3,279.00 1,009.00
2017-03-31 2,413.00 3,279.00 1,009.00
2016-12-31 2,626.00 2,878.00 940.00
2016-09-30 2,626.00 2,878.00 940.00
2016-06-30 2,404.00 2,632.00 788.00
2016-03-31 2,404.00 2,632.00 788.00
2015-12-31 2,477.00 2,600.00 812.00
2015-09-30 2,477.00 2,600.00 812.00
2015-06-30 2,208.00 2,569.00 510.00
2015-03-31 2,208.00 2,569.00 510.00
2014-12-31 2,121.00 2,452.00 535.00
2014-06-30 1,611.00 2,502.00 280.00
2014-03-31 1,611.00 2,502.00 280.00
2013-12-31 1,584.00 2,744.00 755.00
2013-06-30 1,520.00 2,779.00 503.00
2013-03-31 1,520.00 2,779.00 503.00
2012-12-31 1,558.00 2,411.00 328.00
2012-09-30 1,558.00 2,411.00 328.00
  • Wolters Kluwer's level of debt (124%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (173% vs 124% today).
  • Debt is well covered by operating cash flow (33.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 12.7x coverage).
X
Financial health checks
We assess Wolters Kluwer'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. Wolters Kluwer has a total score of 3/6, 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.

WTKW.Y Dividends

 What is Wolters Kluwer'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
1.5%
Current annual income from Wolters Kluwer dividends. Estimated to be 1.72% next year.
If you bought $2,000 of Wolters Kluwer shares you are expected to receive $30 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?
  • Wolters Kluwer's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Wolters Kluwer's dividend is below the markets top 25% of dividend payers in United States of America (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
OTCPK:WTKW.Y 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 16 Analyst Estimates (S&P Global) See Below
United States of America Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America 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.

OTCPK:WTKW.Y Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 1.30 1.00
2021-12-31 1.20 11.00
2020-12-31 1.11 17.00
2019-12-31 1.07 15.00
OTCPK:WTKW.Y Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-20 0.980 1.591
2018-08-01 0.990 1.873
2018-02-21 0.850 1.858
2017-07-28 0.800 1.975
2017-02-22 0.790 2.054
2016-02-24 0.750 2.120
2015-09-22 0.360 1.186
2015-02-18 0.710 2.458
2014-02-19 0.700 3.213
2013-04-24 0.690 3.670
2012-04-25 0.680 4.752
2011-02-23 0.665 4.748
2010-02-24 0.643 4.058
2009-03-19 0.623 4.468

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Wolters Kluwer's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess Wolters Kluwer'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 Wolters Kluwer afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wolters Kluwer has a total score of 4/6, see the detailed checks below.


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

WTKW.Y Management

 What is the CEO of Wolters Kluwer'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
Nancy McKinstry
COMPENSATION €4,724,000
AGE 60
TENURE AS CEO 15.8 years
CEO Bio

Ms. Nancy McKinstry serves as the Chairman of Executive Board and Chief Executive Officer of MortgageIT Holdings, Inc. Ms. McKinstry has been the Chairman of the Executive Board and Chief Executive Officer at Wolters Kluwer NV since September 1, 2003 and also has been its Member of Executive Board since June 1, 2001. Ms. McKinstry is responsible for division performance, Global Strategy, Business Development, Technology, Global Business Services, Communications, Human Resources, Corporate Governance, and Sustainability. Ms. McKinstry served as Interim Chief Executive Officer of Wolters Kluwer Health until August 6, 2015. Ms. McKinstry was responsible for Corporate Strategy, Division Performance, Business Development, Communications, Human Resources/Sustainability and Investor Relations at Wolters Kluwer NV. She served as the Chief Executive Officer and President of Wolters Kluwer Corporate Legal Services. She served as Head of Legal Tax & Business North America & Technology of Wolters Kluwer NV. She served as Interim Chief Executive Officer of Wolters Kluwer Legal & Regulatory. From 2000 to 2003, Ms. McKinstry served as the Chief Executive Officer and President of Legal, Tax and Business in North America of Wolters Kluwer N.v. She served as Chief Executive Officer of SCP Communications from 1999 to 2000. She served as the Chief Executive Officer and President of CCH Legal Information Services from 1996 to 1999. She served as Vice President of Product Management and Senior Officer of Product Management of Wolters Kluwer, CCH Inc and an Assistant Vice President of the Electronic Products Division at CCH. She held management positions at Booz & Company where she focused on assignments in the media and publishing industries. She has been an Independent Director at Abbott Laboratories since December, 2011. She serves as Director of Russell Reynolds Associates, Inc. She has been an Independent Director of Accenture plc since July 13, 2016. She served as a Director of Sanoma Oyj since April 5, 2011 until 2014. She serves as Member of the Board of Directors of the American Chamber of Commerce in the Netherlands and Tias Business School. She served as Member of Advisory Council of RBS Holdings N.V. Ms. McKinstry serves as a Member of the Advisory Council of the Amsterdam Institute of Finance, the Advisory Board for the University of Rhode Island, the Advisory Board of the Harrington School of Communication and Media and the Board of Overseers of Columbia Business School. She is also a member of the European Round Table of Industrialists. She served as an Independent Director of Telefonaktiebolaget LM Ericsson (publ) from 2004 to April 2013. In August, she was appointed by the Chinese State Council Information Office as a member of the Foreign Consultant Committee, given her astute business leadership and long-standing expertise in the information and publishing industry. She is included in leading lists of business media as one of the most powerful women in business. Most recently, she was among Fortune's Global 50 Powerful Women in Business and Financial Times’ Top 50 Women in World Business, as well as for many consecutive years on Forbes’ 100 Most Powerful Women. Ms. McKinstry also served on the Board of Directors of MortgageIT Holdings, Inc. from 2004 to 2007. Since August 2011, she is a honorary member of China Book International. In May 2005, she was awarded the honorary degree of Doctor of Laws by the University of Rhode Island in recognition of her contributions to business. Ms. McKinstry earned her MBA in Finance and Marketing from Columbia University, New York, where she graduated Beta Gamma Sigma and a Bachelor of Arts degree in Economics and political science from the University of Rhode Island, Kingston, where she graduated Phi Beta Kappa.

CEO Compensation
  • Nancy's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Nancy's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Wolters Kluwer management team in years:

8
Average Tenure
56.5
Average Age
  • The average tenure for the Wolters Kluwer management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Nancy McKinstry

TITLE
CEO & Chairman of the Executive Board
COMPENSATION
€5M
AGE
60
TENURE
15.8 yrs

Kevin Entricken

TITLE
CFO & Member of the Executive Board
COMPENSATION
€4M
AGE
54
TENURE
6.2 yrs

Karen Abramson

TITLE
Chief Executive Officer of Tax & Accounting

Meg Geldens

TITLE
Vice President of Investor Relations
TENURE
7.1 yrs

Stacey Caywood

TITLE
Chief Executive Officer of Legal & Regulatory Solutions
AGE
56
TENURE
8.8 yrs

Richard Flynn

TITLE
Chief Executive Officer of Governance

Caroline Wouters

TITLE
Senior VP and Chief Brand & Communications Officer
AGE
59
TENURE
0.5 yrs

Elizabeth Satin

TITLE
Senior VP and Head of Corporate Development and Mergers & Acquisitions - North America
AGE
57
TENURE
10.5 yrs

Maryjo Charbonnier

TITLE
Chief Human Resources Officer
AGE
49
TENURE
4.5 yrs

Andres Sadler

TITLE
Chief Executive Officer of Global Business Services
TENURE
15.9 yrs
Board of Directors Tenure

Average tenure and age of the Wolters Kluwer board of directors in years:

2.3
Average Tenure
61
Average Age
  • The average tenure for the Wolters Kluwer board of directors is less than 3 years, this suggests a new board.
Board of Directors

Frans J. G. Cremers

TITLE
Chairman of Supervisory Board
AGE
67
TENURE
2.3 yrs

D. René Graafland

TITLE
Vice-Chairman of Supervisory Board
AGE
64
TENURE
2.5 yrs

Jeanette Horan

TITLE
Member of Supervisory Board
AGE
64
TENURE
3.3 yrs

Fidelma Russo

TITLE
Member of Supervisory Board
AGE
56
TENURE
3.3 yrs

Ann Ziegler

TITLE
Member of Supervisory Board
AGE
61
TENURE
2.3 yrs

Chris F. H. Vogelzang

TITLE
Supervisory Board Member
AGE
57
TENURE
0.3 yrs

Bertrand Bodson

TITLE
Member of Supervisory Board
AGE
44
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Wolters Kluwer'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. Wolters Kluwer 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.

WTKW.Y News

Simply Wall St News

WTKW.Y Company Info

Description

Wolters Kluwer N.V., together with its subsidiaries, provides professional information, software solutions, and services in Europe, North America, the Asia Pacific, and internationally. The company operates through Health; Tax & Accounting; Governance, Risk & Compliance; and Legal & Regulatory divisions. The Health division offers solutions in the areas of clinical decision support, clinical drug information, patient engagement, clinical terminologies, clinical surveillance, nursing education and practice, medical research, and continuing education services; and medical, nursing, and allied health journal and book publishing solutions. The Tax & Accounting division provides solutions in the areas of compliance, collaboration, internal and external audit management, and corporate performance and firm management to accounting firms. The Governance, Risk & Compliance division offers enterprise legal spend and matter management, and legal analytics solutions; regulatory compliance, risk management, and business performance; lien solutions; and business license solutions. The Legal & Regulatory division provides evidence-based information, actionable insights, and integrated workflow solutions to help customers in making the right decisions and streamline legal and regulatory compliance. It serves clinicians, nurses, accountants, and lawyers, as well as tax, finance, audit, risk, compliance, and regulatory sectors. Wolters Kluwer N.V. was founded in 1836 and is headquartered in Alphen aan den Rijn, the Netherlands.

Details
Name: Wolters Kluwer N.V.
WTKW.Y
Exchange: OTCPK
Founded: 1836
€19,855,687,842
270,646,149
Website: http://wolterskluwer.com
Address: Wolters Kluwer N.V.
Zuidpoolsingel 2,
PO Box 1030,
Alphen aan den Rijn,
Zuid-Holland, 2400 BA,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM WKL Ordinary Shares Euronext Amsterdam NL EUR 02. Jan 1992
OTCPK WOLT.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB WOSB Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0NMU Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
WBAG WKL Ordinary Shares Wiener Boerse AG AT EUR 02. Jan 1992
BATS-CHIXE WKLA Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK WTKW.Y SPONSORED ADR Pink Sheets LLC US USD 26. Jun 1992
Number of employees
Current staff
Staff numbers
18,134
Wolters Kluwer employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 23:55
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/07/17
Last earnings filing: 2019/03/06
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.