Whirlpool
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Whirlpool Corporation manufactures and markets home appliances and related products. The last earnings update was 34 days ago. More info.
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WHR Share Price and Events
7 Day Returns
1 Year Returns
WHR Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Whirlpool (WHR) | -2.4% | -4.3% | 18.2% | -15.6% | -24.9% | -6.7% |
| US Consumer Durables | -1.2% | 0.5% | 15.1% | -11.2% | 6.5% | 21.6% |
| US Market | 2.4% | 1.7% | 11.9% | 1.9% | 38.2% | 42.4% |
1 Year Return vs Industry and Market
- WHR underperformed the Consumer Durables industry which returned -11.2% over the past year.
- WHR underperformed the Market in United States of America which returned 1.9% over the past year.
WHR Value
Is Whirlpool 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
Whirlpool
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Whirlpool.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 10 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 10.4% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Consumer Durables Unlevered Beta | Simply Wall St/ S&P Global | 0.91 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.914 (1 + (1- 21%) (71.06%)) |
1.286 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.29 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.286 * 5.96%) |
10.39% |
Discounted Cash Flow Calculation for NYSE:WHR using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Whirlpool 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.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 10.39%) |
|
|---|---|---|---|
| 2019 | 885.40 | Analyst x6 | 802.04 |
| 2020 | 991.25 | Analyst x6 | 813.39 |
| 2021 | 1,099.00 | Analyst x2 | 816.90 |
| 2022 | 1,169.00 | Analyst x2 | 787.13 |
| 2023 | 1,338.00 | Analyst x1 | 816.10 |
| 2024 | 1,439.49 | Est @ 7.59% | 795.34 |
| 2025 | 1,527.72 | Est @ 6.13% | 764.62 |
| 2026 | 1,605.77 | Est @ 5.11% | 728.02 |
| 2027 | 1,676.36 | Est @ 4.4% | 688.47 |
| 2028 | 1,741.66 | Est @ 3.9% | 647.95 |
| Present value of next 10 years cash flows | $7,659.95 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $1,741.66 × (1 + 2.73%) ÷ (10.39% – 2.73%) |
$23,347.87 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $23,347.87 ÷ (1 + 10.39%)10 |
$8,686.02 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $7,659.95 + $8,686.02 |
$16,345.97 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $16,345.97 / 63.62 |
$256.93 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $256.93 |
| Current discount | Discount to share price of
$133.31
= -1 x ($133.31 - $256.93) / $256.93 |
48.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Whirlpool's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Whirlpool's share price is below the future cash flow value, and 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 Whirlpool's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Whirlpool's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $-2.72 |
| NYSE:WHR Share Price ** | NYSE (2019-03-18) in USD | $133.31 |
| United States of America Consumer Durables Industry PE Ratio | Median Figure of 47 Publicly-Listed Consumer Durables Companies | 12.1x |
| United States of America Market PE Ratio | Median Figure of 3,055 Publicly-Listed Companies | 17.61x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Whirlpool.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:WHR Share Price ÷ EPS (both in USD) = 133.31 ÷ -2.72 |
-48.97x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whirlpool is loss making, we can't compare its value to the US Consumer Durables industry average.
- Whirlpool is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does
Whirlpool's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -48.97x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts |
25.3%per year |
| United States of America Consumer Durables Industry PEG Ratio | Median Figure of 36 Publicly-Listed Consumer Durables Companies | 1.23x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Whirlpool, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Whirlpool's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $36.06 |
| NYSE:WHR Share Price * | NYSE (2019-03-18) in USD | $133.31 |
| United States of America Consumer Durables Industry PB Ratio | Median Figure of 69 Publicly-Listed Consumer Durables Companies | 1.36x |
| United States of America Market PB Ratio | Median Figure of 5,152 Publicly-Listed Companies | 1.87x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:WHR Share Price ÷ Book Value per Share (both in USD) = 133.31 ÷ 36.06 |
3.7x |
* Primary Listing of Whirlpool.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whirlpool is overvalued based on assets compared to the US Consumer Durables industry average.
Value checks
We assess Whirlpool's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check) Whirlpool has a total score of 2/6, 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.
WHR Future Performance
How is Whirlpool expected to perform in the next 1 to 3 years based on estimates from 10 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!
Earnings growth vs Low Risk Savings
- Whirlpool's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Whirlpool's earnings growth is expected to exceed the United States of America market average.
- Whirlpool's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:WHR Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts | 25.3% |
| NYSE:WHR Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts | 0.1% |
| United States of America Consumer Durables Industry Earnings Growth Rate | Market Cap Weighted Average | 17% |
| United States of America Consumer Durables Industry Revenue Growth Rate | Market Cap Weighted Average | 5.5% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 10 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 21,669 | 1,144 | 2 | |
| 2022-12-31 | 20,784 | 1,742 | 1,050 | 3 |
| 2021-12-31 | 20,469 | 1,711 | 987 | 3 |
| 2020-12-31 | 20,479 | 1,549 | 972 | 10 |
| 2019-12-31 | 20,371 | 1,473 | 843 | 10 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 21,037 | 1,229 | -183 |
| 2018-09-30 | 21,079 | 682 | -621 |
| 2018-06-30 | 21,171 | 871 | -555 |
| 2018-03-31 | 21,378 | 986 | 291 |
| 2017-12-31 | 21,253 | 1,264 | 350 |
| 2017-09-30 | 21,207 | 1,345 | 798 |
| 2017-06-30 | 21,037 | 1,416 | 760 |
| 2017-03-31 | 20,888 | 1,429 | 891 |
| 2016-12-31 | 20,718 | 1,203 | 888 |
| 2016-09-30 | 20,622 | 1,207 | 888 |
| 2016-06-30 | 20,651 | 1,218 | 885 |
| 2016-03-31 | 20,661 | 1,133 | 742 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 10 Analyst Estimates (S&P Global) | See Below |
All data from Whirlpool Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | 17.83 | 17.83 | 17.83 | 1.00 |
| 2021-12-31 | 16.58 | 16.85 | 16.30 | 2.00 |
| 2020-12-31 | 15.92 | 16.78 | 14.88 | 6.00 |
| 2019-12-31 | 13.55 | 14.96 | 12.39 | 6.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | -2.72 |
| 2018-09-30 | -9.00 |
| 2018-06-30 | -7.80 |
| 2018-03-31 | 4.02 |
| 2017-12-31 | 4.77 |
| 2017-09-30 | 10.75 |
| 2017-06-30 | 10.14 |
| 2017-03-31 | 11.81 |
| 2016-12-31 | 11.67 |
| 2016-09-30 | 11.56 |
| 2016-06-30 | 11.40 |
| 2016-03-31 | 9.47 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Whirlpool's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Whirlpool has a total score of 4/6, 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.
WHR Past Performance
How has Whirlpool 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
Past Earnings growth analysis
- Whirlpool does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
- Unable to compare Whirlpool's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare Whirlpool's 1-year growth to the US Consumer Durables industry average as it is not currently profitable.
Earnings and Revenue History
All data from Whirlpool Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 21,037.00 | -183.00 | 2,201.00 | |
| 2018-09-30 | 21,079.00 | -621.00 | 2,230.00 | |
| 2018-06-30 | 21,171.00 | -555.00 | 2,184.00 | |
| 2018-03-31 | 21,378.00 | 291.00 | 2,165.00 | |
| 2017-12-31 | 21,253.00 | 350.00 | 2,135.00 | |
| 2017-09-30 | 21,207.00 | 798.00 | 2,103.00 | |
| 2017-06-30 | 21,037.00 | 760.00 | 2,105.00 | |
| 2017-03-31 | 20,888.00 | 891.00 | 2,119.00 | |
| 2016-12-31 | 20,718.00 | 888.00 | 2,094.00 | |
| 2016-09-30 | 20,622.00 | 888.00 | 2,090.00 | |
| 2016-06-30 | 20,651.00 | 885.00 | 2,094.00 | |
| 2016-03-31 | 20,661.00 | 742.00 | 2,107.00 | |
| 2015-12-31 | 20,891.00 | 783.00 | 2,100.00 | |
| 2015-09-30 | 21,334.00 | 684.00 | 2,259.00 | |
| 2015-06-30 | 20,881.00 | 679.00 | 2,162.00 | |
| 2015-03-31 | 20,355.00 | 681.00 | 2,057.00 | |
| 2014-12-31 | 19,872.00 | 650.00 | 2,038.00 | |
| 2014-09-30 | 18,959.00 | 750.00 | 1,803.00 | |
| 2014-06-30 | 18,818.00 | 716.00 | 1,831.00 | |
| 2014-03-31 | 18,884.00 | 735.00 | 1,833.00 | |
| 2013-12-31 | 18,769.00 | 827.00 | 1,828.00 | |
| 2013-09-30 | 18,470.00 | 768.00 | 1,819.00 | |
| 2013-06-30 | 18,281.00 | 646.00 | 1,779.00 | |
| 2013-03-31 | 18,043.00 | 561.00 | 1,773.00 | |
| 2012-12-31 | 18,143.00 | 401.00 | 1,757.00 | |
| 2012-09-30 | 18,263.00 | 484.00 | 1,694.00 | |
| 2012-06-30 | 18,394.00 | 587.00 | 1,668.00 | |
| 2012-03-31 | 18,613.00 | 313.00 | 1,646.00 |
*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.
- It is difficult to establish if Whirlpool has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- Whirlpool used its assets less efficiently than the US Consumer Durables industry average last year based on Return on Assets.
- It is difficult to establish if Whirlpool improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess Whirlpool's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Whirlpool has a total score of 0/6, 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.
WHR Health
How is Whirlpool'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 Whirlpool's finances.
The net worth of a company is the difference between its assets and liabilities.
- Whirlpool's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Whirlpool's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.3x 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.
All data from Whirlpool Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 3,205.00 | 6,027.00 | 1,498.00 |
| 2018-09-30 | 3,308.00 | 7,181.00 | 1,032.00 |
| 2018-06-30 | 3,344.00 | 6,839.00 | 1,057.00 |
| 2018-03-31 | 5,220.00 | 5,882.00 | 1,041.00 |
| 2017-12-31 | 5,128.00 | 5,218.00 | 1,196.00 |
| 2017-09-30 | 5,687.00 | 5,782.00 | 1,087.00 |
| 2017-06-30 | 5,680.00 | 5,401.00 | 1,041.00 |
| 2017-03-31 | 5,775.00 | 5,033.00 | 951.00 |
| 2016-12-31 | 5,728.00 | 4,470.00 | 1,085.00 |
| 2016-09-30 | 5,967.00 | 5,389.00 | 1,025.00 |
| 2016-06-30 | 5,833.00 | 5,219.00 | 959.00 |
| 2016-03-31 | 5,696.00 | 5,009.00 | 699.00 |
| 2015-12-31 | 5,674.00 | 3,998.00 | 772.00 |
| 2015-09-30 | 5,789.00 | 4,812.00 | 698.00 |
| 2015-06-30 | 5,848.00 | 4,757.00 | 691.00 |
| 2015-03-31 | 5,744.00 | 4,631.00 | 704.00 |
| 2014-12-31 | 5,796.00 | 4,347.00 | 1,026.00 |
| 2014-09-30 | 5,311.00 | 3,149.00 | 987.00 |
| 2014-06-30 | 5,351.00 | 2,776.00 | 945.00 |
| 2014-03-31 | 5,213.00 | 3,274.00 | 1,672.00 |
| 2013-12-31 | 5,034.00 | 2,463.00 | 1,380.00 |
| 2013-09-30 | 4,786.00 | 2,445.00 | 826.00 |
| 2013-06-30 | 4,658.00 | 2,451.00 | 670.00 |
| 2013-03-31 | 4,586.00 | 2,452.00 | 750.00 |
| 2012-12-31 | 4,367.00 | 2,461.00 | 1,168.00 |
| 2012-09-30 | 4,441.00 | 2,450.00 | 518.00 |
| 2012-06-30 | 4,318.00 | 2,435.00 | 426.00 |
| 2012-03-31 | 4,458.00 | 2,489.00 | 583.00 |
- Whirlpool's level of debt (188%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (49.1% vs 188% today).
- Debt is well covered by operating cash flow (20.4%, greater than 20% of total debt).
- Whirlpool is making a loss, therefore interest payments are not well covered by earnings.
Financial health checks
We assess Whirlpool's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Whirlpool has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
WHR Dividends
What is Whirlpool'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
If you bought
$2,000 of
Whirlpool
shares you are expected to receive
$69
in your first year as a dividend.
Dividend Amount
- Whirlpool's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
- Whirlpool's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
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.
| 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 10 Analyst Estimates (S&P Global) | See Below |
| United States of America Consumer Durables Industry Average Dividend Yield | Market Cap Weighted Average of 21 Stocks | 2.3% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2004 Stocks | 2.5% |
| 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 | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | ||
| 2020-12-31 | 4.89 | 4.00 |
| 2019-12-31 | 4.75 | 5.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-19 | 4.600 | 3.266 |
| 2018-10-15 | 4.600 | 3.888 |
| 2018-08-21 | 4.600 | 3.826 |
| 2018-04-17 | 4.600 | 3.154 |
| 2018-02-20 | 4.400 | 2.801 |
| 2017-10-16 | 4.400 | 2.602 |
| 2017-08-15 | 4.400 | 2.519 |
| 2017-04-17 | 4.400 | 2.379 |
| 2017-02-21 | 4.000 | 2.309 |
| 2016-10-18 | 4.000 | 2.341 |
| 2016-08-16 | 4.000 | 2.363 |
| 2016-04-19 | 4.000 | 2.258 |
| 2016-02-16 | 3.600 | 2.154 |
| 2015-10-21 | 3.600 | 2.455 |
| 2015-08-18 | 3.600 | 2.234 |
| 2015-04-21 | 3.600 | 1.994 |
| 2015-02-17 | 3.000 | 1.487 |
| 2014-10-21 | 3.000 | 1.605 |
| 2014-08-19 | 3.000 | 2.003 |
| 2014-04-14 | 3.000 | 2.067 |
| 2014-02-18 | 2.500 | 1.723 |
| 2013-10-14 | 2.500 | 1.706 |
| 2013-08-20 | 2.500 | 1.814 |
| 2013-04-16 | 2.500 | 2.013 |
| 2013-02-19 | 2.000 | 1.743 |
| 2012-10-16 | 2.000 | 1.971 |
| 2012-08-21 | 2.000 | 2.483 |
| 2012-04-17 | 2.000 | 3.162 |
| 2012-02-21 | 2.000 | 2.685 |
| 2011-10-17 | 2.000 | 3.752 |
| 2011-08-16 | 2.000 | 3.641 |
| 2011-04-18 | 2.000 | 2.610 |
| 2011-02-15 | 1.720 | 2.084 |
| 2010-10-19 | 1.720 | 2.062 |
| 2010-08-17 | 1.720 | 2.195 |
| 2010-04-20 | 1.720 | 1.820 |
| 2010-02-16 | 1.720 | 1.953 |
| 2009-10-19 | 1.720 | 2.228 |
| 2009-08-18 | 1.720 | 2.562 |
| 2009-04-21 | 1.720 | 3.722 |
| 2009-03-19 | 1.720 | 5.329 |
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
Whirlpool's earnings are
paid
to the shareholders as a dividend.
- The company is paying a dividend however it is incurring a loss.
- Dividends after 3 years are expected to be well covered by earnings (3.5x coverage).
Income/ dividend checks
We assess Whirlpool's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Whirlpool afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Whirlpool 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.
WHR Management
CEO
| COMPENSATION | $11,836,275 |
| AGE | 53 |
| TENURE AS CEO | 1.4 years |
CEO Bio
Mr. Marc Robert Bitzer has been the Chief Executive Officer of Whirlpool Corporation since October 1, 2017 and has been its Chairman of the Board since January 01, 2019. Mr. Bitzer has been President of Whirlpool Corporation since October 21, 2015. He previously served as Vice Chairman of Whirlpool Corporation since November 1, 2014. Mr. Bitzer served as the President of Whirlpool North America & Whirlpool Europe, Middle East & Africa (EMEA) at Whirlpool Corp. since April 2013 until November 2014. He served as the President of Whirlpool North America at Whirlpool Corp. an affiliate of Whirlpool Canada LP. Mr. Bitzer served as the President of U.S Operations at Whirlpool Corp. since January 2009 and as its Executive Vice President since January 2006. He served as the President of Whirlpool Europe B.V at Whirlpool Corp. from January 2006 to January 2009. He served as Senior Vice President of Marketing, Sales and Services of Whirlpool Europe S.r.l since December 2000. He served as Vice President, Bauknecht Brand Group. Before joining Whirlpool Europe in 1987, Mr. Bitzer was an intern at W.J. Gore & Associates in Munich and in October of that year, relocated with W.L. Gore & Associates to Elkton, Maryland. In 1989, he joined the Institute of Management in St. Gallen, Switzerland, as personal assistant to chairman of the institute and joined Simex Trading AC, Gais, Switzerland from 1990-1998. In 1991, he became an Associate Consultant with The Boston Consulting Group, Munich and in 1994 moved to their Toronto, Canada, facility to become a case leader. In 1996, he returned to Munich and was named Manager and Vice President in June 1999. He served as a Director of Indesit Company S.p.A. until October 30, 2016. He served as a Member of the Supervisory Board at Alno AG since November 27, 2012 until March 31, 2014. He has been a Director of Whirlpool Corp. since October 2015. Mr. Bitzer earned his Ph.D. from the St. Gallen Graduate School of Business, Economics and Law.
CEO Compensation
- Marc's compensation has increased whilst company is loss making.
- Marc's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Whirlpool management team in years:
- The tenure for the Whirlpool management team is about average.
Management Team
Marc Bitzer
Chairman
$12M
53
1.4 yrs
Jim Peters
Executive VP & CFO
$3M
48
2.6 yrs
João Costa Brega
Executive VP & President of Latin America
$2M
54
10.3 yrs
Joe Liotine
Executive VP & President of North America
$3M
45
4.4 yrs
Matthew Nochowitz
VP, Corporate Controller & Principal Accounting Officer
45
0.6 yrs
Max Tunnicliff
Senior Director of Investor Relations
Kirsten Hewitt
General Counsel & Senior VP of Corporate Affairs
7.8 yrs
Jeff Noel
Corporate Vice President of Communications & Public Affairs
14.3 yrs
Tom Arent
Vice President of Sales & Marketing
Carey Martin
Chief Human Resources Officer
Board of Directors Tenure
Average tenure and age of the Whirlpool board of directors in years:
- The tenure for the Whirlpool board of directors is about average.
Board of Directors
Marc Bitzer
Chairman
$12M
53
0.2 yrs
Gary DiCamillo
Independent Director
$265K
67
21.9 yrs
Mike Johnston
Independent Director
$291K
70
15.4 yrs
Mike White
Independent Director
$322K
66
14.8 yrs
Bill Perez
Independent Director
$287K
70
9.3 yrs
Sam Allen
Presiding Director
$340K
64
John Liu
Independent Director
$265K
50
8.8 yrs
Harish Manwani
Independent Director
$261K
65
7.6 yrs
Diane Dietz
Independent Director
$277K
52
6.1 yrs
Gerri Elliott
Independent Director
$266K
61
5.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 27. Jul 18 | Buy | Diane Dietz | Individual | 26. Jul 18 | 26. Jul 18 | 1,600 | $124.26 | $198,817 | ||
| 02. May 18 | Sell | Joseph Liotine | Individual | 30. Apr 18 | 30. Apr 18 | -1,950 | $155.85 | $-303,908 | ||
Management checks
We assess Whirlpool's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Whirlpool 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.
WHR News
Simply Wall St News
Should You Investigate Whirlpool Corporation (NYSE:WHR) At US$136?
led the NYSE gainers with a relatively large price hike in the past couple of weeks. … With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Let’s examine Whirlpool’s valuation and outlook in more detail to determine if there’s still a bargain opportunity
Simply Wall St - – Full articleCalculating The Fair Value Of Whirlpool Corporation (NYSE:WHR)
by estimating the company's future cash flows and discounting them to their present value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model
Simply Wall St - – Full articleWhirlpool Corporation (NYSE:WHR)'s Return on Capital
This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Thus, to understand how your money can grow by investing in Whirlpool, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE) … Calculating Return On Capital Employed for WHR
Simply Wall St - – Full articleLooking At Whirlpool Corporation (NYSE:WHR) From All Angles
As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook.
Simply Wall St - – Full articleDoes Whirlpool Corporation (NYSE:WHR)'s Capital Return Make The Cut?
This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … To understand Whirlpool’s capital returns we will look at a useful metric called return on capital employed. … This will tell us if the company is growing your capital and placing you in good stead to sell your shares at a profit
Simply Wall St - – Full articleEstimating The Fair Value Of Whirlpool Corporation (NYSE:WHR)
by estimating the company's future cash flows and discounting them to their present value. … discounted cash flows (DCF). … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model
Simply Wall St - – Full articleWhat Whirlpool Corporation’s (NYSE:WHR) Insiders Know That You Don't
Whirlpool Corporation manufactures and markets home appliances and related products. … It is widely considered that insider selling stock in their own companies is potentially a bearish signal … A research published in The MIT Press (1998) concluded that stocks following insider selling fell 2.7% compared to the market
Simply Wall St - – Full articleShould You Be Tempted To Sell Whirlpool Corporation (NYSE:WHR) Because Of Its PE Ratio?
However, a static multiple such as PE is never conclusive on its own. … This is because there are many company-specific factors like future prospects and capital structure, which are unaccounted for … Below, I will lay out some important considerations to help determine which multiple best suits
Simply Wall St - – Full articleShould You Be Tempted To Sell Whirlpool Corporation (NYSE:WHR) At Its Current PE Ratio?
I am writing today to help inform people who are new to the stock market. … and want to begin learning the link between Whirlpool Corporation (NYSE:WHR)’s fundamentals and stock market performance. … While WHR might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions
Simply Wall St - – Full articleWhat Is Driving Whirlpool Corporation's (NYSE:WHR) Margins In The Years Ahead?
Margin Calculation for WHR Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 291.00 Million ÷ 21.38 Billion = 1.36% There has been an expansion in Whirlpool's margin over the past five years, due to average net income growth of 7.49% surpassing average revenue growth of 2.69%, which suggests that the company has been able to convert a larger percentage of revenue into net income whilst grow their top line at the same time. … Understanding what could be driving Whirlpool's future earnings It is expected that margins will expand further, with an expectation of 1.91% in annual revenue growth and 15.07% earnings growth expected annually. … This suggests future earnings growth is driven further by enhanced cost efficiency alongside revenue increases, which is enlarging the incremental amount of net income that is retained from the forecasted revenue growth.
Simply Wall St - – Full articleWHR Company Info
Description
Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company’s principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories. It also produces hermetic compressors for refrigeration systems. The company markets and distributes its products primarily under the Whirlpool, Maytag, KitchenAid, JennAir, Amana, Roper, Admiral, Affresh, Gladiator, Estate, Inglis, Speed Queen, Hotpoint, Bauknecht, Indesit, Ignis, Laden, Privileg, KIC, Consul, Brastemp, Acros, Ariston, Sanyo, Diqua, and Royalstar brands. It sells its products to retailers, distributors, dealers, builders, and other manufacturers. The company was founded in 1898 and is headquartered in Benton Harbor, Michigan.
Details
| Name: | Whirlpool Corporation |
| WHR | |
| Exchange: | NYSE |
| Founded: | 1898 |
| $8,481,344,704 | |
| 63,621,219 | |
| Website: | http://www.whirlpoolcorp.com |
| Address: |
Whirlpool Corporation 2000 North M-63, Benton Harbor, Michigan, 49022, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | WHR | Common Stock | New York Stock Exchange | US | USD | 02. Jan 1968 | |
| DB | WHR | Common Stock | Deutsche Boerse AG | DE | EUR | 02. Jan 1968 | |
| LSE | 0LWH | Common Stock | London Stock Exchange | GB | USD | 02. Jan 1968 | |
| BMV | WHR * | Common Stock | Bolsa Mexicana de Valores | MX | MXN | 02. Jan 1968 |
Number of employees
Current staff
Industry
| Household Appliances | |
| Consumer Durables |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/18 23:44 |
| End of day share price update: | 2019/03/18 00:00 |
| Last estimates confirmation: | 2019/03/18 |
| Last earnings filing: | 2019/02/12 |
| 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.
