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Kimberly-Clark

NYSE:KMB
Snowflake Description

Average dividend payer with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KMB
NYSE
$41B
Market Cap
  1. Home
  2. US
  3. Household
Company description

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. The last earnings update was 41 days ago. More info.


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KMB Share Price and Events
7 Day Returns
0.9%
NYSE:KMB
1.5%
US Household Products
1.2%
US Market
1 Year Returns
10.3%
NYSE:KMB
29%
US Household Products
3%
US Market
KMB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kimberly-Clark (KMB) 0.9% 1% 4.8% 10.3% -10.8% 8.1%
US Household Products 1.5% 3.1% 9.7% 29% 24.5% 33.5%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • KMB underperformed the Household Products industry which returned 29% over the past year.
  • KMB outperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
KMB
Industry
5yr Volatility vs Market

KMB Value

 Is Kimberly-Clark 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 Kimberly-Clark 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 Kimberly-Clark.

NYSE:KMB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
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 NYSE:KMB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Household Products Unlevered Beta Simply Wall St/ S&P Global 0.33
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.327 (1 + (1- 21%) (18.27%))
0.58
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NYSE:KMB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kimberly-Clark 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.

NYSE:KMB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.5%)
2019 1,864.35 Analyst x7 1,734.31
2020 2,280.83 Analyst x7 1,973.75
2021 2,643.70 Analyst x3 2,128.19
2022 2,632.00 Analyst x1 1,970.99
2023 2,678.00 Analyst x1 1,865.56
2024 2,732.43 Est @ 2.03% 1,770.71
2025 2,793.69 Est @ 2.24% 1,684.13
2026 2,860.41 Est @ 2.39% 1,604.08
2027 2,931.66 Est @ 2.49% 1,529.36
2028 3,006.78 Est @ 2.56% 1,459.14
Present value of next 10 years cash flows $17,720.23
NYSE:KMB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $3,006.78 × (1 + 2.73%) ÷ (7.5% – 2.73%)
$64,783.31
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $64,783.31 ÷ (1 + 7.5%)10
$31,438.32
NYSE:KMB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $17,720.23 + $31,438.32
$49,158.54
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $49,158.54 / 344.11
$142.86
NYSE:KMB Discount to Share Price
Calculation Result
Value per share (USD) From above. $142.86
Current discount Discount to share price of $119.57
= -1 x ($119.57 - $142.86) / $142.86
16.3%

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

Current Discount
Amount off the current price Kimberly-Clark is available for.
Intrinsic value
16%
Share price is $119.57 vs Future cash flow value of $142.86
Current Discount Checks
For Kimberly-Clark to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Kimberly-Clark's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Kimberly-Clark'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 Kimberly-Clark's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kimberly-Clark's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:KMB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $4.05
NYSE:KMB Share Price ** NYSE (2019-03-20) in USD $119.57
United States of America Household Products Industry PE Ratio Median Figure of 8 Publicly-Listed Household Products Companies 24.85x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

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

** Primary Listing of Kimberly-Clark.

NYSE:KMB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 119.57 ÷ 4.05

29.51x

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

  • Kimberly-Clark is overvalued based on earnings compared to the US Household Products industry average.
  • Kimberly-Clark is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Kimberly-Clark's expected growth come at a high price?
Raw Data
NYSE:KMB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 29.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
17%per year
United States of America Household Products Industry PEG Ratio Median Figure of 6 Publicly-Listed Household Products Companies 4.53x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NYSE:KMB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 29.51x ÷ 17%

1.73x

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

  • Kimberly-Clark is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Kimberly-Clark's assets?
Raw Data
NYSE:KMB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $-0.83
NYSE:KMB Share Price * NYSE (2019-03-20) in USD $119.57
United States of America Household Products Industry PB Ratio Median Figure of 11 Publicly-Listed Household Products Companies 2.16x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NYSE:KMB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 119.57 ÷ -0.83

-143.72x

* Primary Listing of Kimberly-Clark.

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

  • Kimberly-Clark has negative assets, we can't compare the value of its assets to the US Household Products industry average.
X
Value checks
We assess Kimberly-Clark'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. Kimberly-Clark 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.

KMB Future Performance

 How is Kimberly-Clark expected to perform in the next 1 to 3 years based on estimates from 17 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
17%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kimberly-Clark expected to grow at an attractive rate?
  • Kimberly-Clark's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Kimberly-Clark's earnings growth is expected to exceed the United States of America market average.
  • Kimberly-Clark's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:KMB Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:KMB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 17%
NYSE:KMB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 1%
United States of America Household Products Industry Earnings Growth Rate Market Cap Weighted Average 5.6%
United States of America Household Products Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
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
Raw Data
NYSE:KMB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:KMB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 19,410 2
2022-12-31 19,170 3,827 3
2021-12-31 18,995 3,880 2,462 10
2020-12-31 18,725 3,381 2,304 16
2019-12-31 18,375 3,079 2,028 17
NYSE:KMB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 18,486 2,970 1,410
2018-09-30 18,431 2,884 1,616
2018-06-30 18,514 2,997 1,732
2018-03-31 18,486 3,035 1,808
2017-12-31 18,348 2,929 2,278
2017-09-30 18,289 2,937 2,166
2017-06-30 18,218 3,080 2,149
2017-03-31 18,230 3,115 2,184
2016-12-31 18,287 3,232 2,166
2016-09-30 18,197 3,026 1,994
2016-06-30 18,321 2,927 1,961
2016-03-31 18,376 2,839 1,090

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kimberly-Clark's earnings are expected to grow by 17% yearly, however this is not considered high growth (20% yearly).
  • Kimberly-Clark's revenue is expected to grow by 1% 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
NYSE:KMB 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 17 Analyst Estimates (S&P Global) See Below

All data from Kimberly-Clark Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:KMB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 7.43 7.98 7.15 3.00
2020-12-31 6.91 7.30 6.53 7.00
2019-12-31 5.92 6.64 5.25 7.00
NYSE:KMB Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 4.05
2018-09-30 4.63
2018-06-30 4.94
2018-03-31 5.13
2017-12-31 6.44
2017-09-30 6.10
2017-06-30 6.02
2017-03-31 6.10
2016-12-31 6.03
2016-09-30 5.53
2016-06-30 5.42
2016-03-31 3.01

*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.
  • Kimberly-Clark is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Kimberly-Clark'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.
Kimberly-Clark has a total score of 3/6, 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.

KMB Past Performance

  How has Kimberly-Clark 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 Kimberly-Clark'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.
  • Kimberly-Clark's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Kimberly-Clark's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Kimberly-Clark's 1-year earnings growth is negative, it can't be compared to the US Household Products industry average.
Earnings and Revenue History
Kimberly-Clark'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 Kimberly-Clark Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:KMB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 18,486.00 1,410.00 3,024.00
2018-09-30 18,431.00 1,616.00 3,036.00
2018-06-30 18,514.00 1,732.00 3,120.00
2018-03-31 18,486.00 1,808.00 3,199.00
2017-12-31 18,348.00 2,278.00 3,261.00
2017-09-30 18,289.00 2,166.00 3,253.00
2017-06-30 18,218.00 2,149.00 3,277.00
2017-03-31 18,230.00 2,184.00 3,290.00
2016-12-31 18,287.00 2,166.00 3,334.00
2016-09-30 18,197.00 1,994.00 3,307.00
2016-06-30 18,321.00 1,961.00 3,344.00
2016-03-31 18,376.00 1,090.00 3,365.00
2015-12-31 18,591.00 1,013.00 3,402.00
2015-09-30 18,880.00 612.00 3,464.00
2015-06-30 19,218.00 656.00 3,500.00
2015-03-31 19,528.00 1,462.00 3,569.00
2014-12-31 19,724.00 1,476.00 3,616.00
2014-09-30 18,610.00 1,880.00 3,406.00
2014-06-30 18,816.00 1,865.00 3,487.00
2014-03-31 19,130.00 1,890.00 3,557.00
2013-12-31 19,561.00 1,939.00 3,699.00
2013-09-30 21,154.00 1,870.00 4,022.00
2013-06-30 21,138.00 1,841.00 4,024.00
2013-03-31 21,140.00 1,813.00 4,034.00
2012-12-31 19,467.00 1,549.00 3,708.00
2012-09-30 20,932.00 1,884.00 3,957.00
2012-06-30 21,068.00 1,799.00 3,913.00
2012-03-31 21,058.00 1,709.00 3,830.00

*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 Kimberly-Clark has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Kimberly-Clark used its assets more efficiently than the US Household Products industry average last year based on Return on Assets.
  • Kimberly-Clark's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Kimberly-Clark'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.
Kimberly-Clark has a total score of 2/6, 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.

KMB Health

 How is Kimberly-Clark'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 Kimberly-Clark's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kimberly-Clark's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Kimberly-Clark's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Kimberly-Clark's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Kimberly-Clark has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Kimberly-Clark Company Filings, last reported 2 months ago.

NYSE:KMB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -46.00 7,519.00 539.00
2018-09-30 112.00 7,586.00 494.00
2018-06-30 178.00 7,548.00 484.00
2018-03-31 555.00 7,741.00 626.00
2017-12-31 882.00 7,486.00 616.00
2017-09-30 498.00 7,704.00 655.00
2017-06-30 331.00 8,081.00 1,051.00
2017-03-31 362.00 7,811.00 835.00
2016-12-31 117.00 7,630.00 923.00
2016-09-30 551.00 7,712.00 884.00
2016-06-30 424.00 7,741.00 656.00
2016-03-31 329.00 7,967.00 635.00
2015-12-31 40.00 7,839.00 619.00
2015-09-30 276.00 7,657.00 643.00
2015-06-30 744.00 7,671.00 603.00
2015-03-31 412.00 7,803.00 587.00
2014-12-31 999.00 7,028.00 789.00
2014-09-30 4,548.00 6,984.00 1,431.00
2014-06-30 4,896.00 7,133.00 1,369.00
2014-03-31 4,925.00 6,890.00 1,165.00
2013-12-31 5,140.00 6,339.00 1,054.00
2013-09-30 4,976.00 7,024.00 1,179.00
2013-06-30 4,660.00 7,238.00 1,160.00
2013-03-31 4,985.00 7,028.00 1,109.00
2012-12-31 5,287.00 6,777.00 1,106.00
2012-09-30 5,839.00 6,951.00 1,330.00
2012-06-30 5,724.00 6,814.00 1,082.00
2012-03-31 5,638.00 6,945.00 873.00
  • Kimberly-Clark has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Kimberly-Clark's debt level has increased considering it has negative shareholder equity.
  • Debt is well covered by operating cash flow (39.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 12.5x coverage).
X
Financial health checks
We assess Kimberly-Clark'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. Kimberly-Clark has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

KMB Dividends

 What is Kimberly-Clark'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
3.45%
Current annual income from Kimberly-Clark dividends. Estimated to be 3.58% next year.
If you bought $2,000 of Kimberly-Clark shares you are expected to receive $69 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?
  • Kimberly-Clark's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Kimberly-Clark'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.
Raw Data
NYSE:KMB 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 17 Analyst Estimates (S&P Global) See Below
United States of America Household Products Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 2.7%
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.

NYSE:KMB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 4.50 1.00
2021-12-31 4.50 10.00
2020-12-31 4.29 16.00
2019-12-31 4.12 16.00
NYSE:KMB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-07 4.120 3.510
2019-01-23 4.120 3.715
2018-11-15 4.000 3.519
2018-08-01 4.000 3.566
2018-05-10 4.000 3.832
2018-01-23 4.000 3.648
2017-11-16 3.880 3.286
2017-08-01 3.880 3.291
2017-04-20 3.880 3.029
2017-02-08 3.880 2.947
2017-01-24 3.880 3.191
2016-11-15 3.680 3.200
2016-08-01 3.680 2.998
2016-05-04 3.680 2.803
2016-02-11 3.680 2.780
2015-11-12 3.520 2.829
2015-08-03 3.520 3.126
2015-04-30 3.520 3.207
2015-02-19 3.520 3.250
2014-11-13 3.360 2.957
2014-08-01 3.360 3.092
2014-05-01 3.360 3.030
2014-02-25 3.360 3.052
2013-11-15 3.240 3.044
2013-08-01 3.240 3.292
2013-05-02 3.240 3.258
2013-02-21 3.240 3.311
2012-11-15 2.960 3.415
2012-08-02 2.960 3.510
2012-05-03 2.960 3.611
2012-02-28 2.960 3.978
2011-11-15 2.800 3.906
2011-08-01 2.800 4.075
2011-04-21 2.800 4.204
2011-01-25 2.800 4.302
2010-11-18 2.640 4.209
2010-08-02 2.640 4.067
2010-04-29 2.640 4.258
2010-02-23 2.640 4.303
2009-11-18 2.400 3.829
2009-08-03 2.400 4.020
2009-04-30 2.400 4.546
2009-03-23 2.400 4.953

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 Kimberly-Clark's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess Kimberly-Clark'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 Kimberly-Clark afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kimberly-Clark 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.

KMB Management

 What is the CEO of Kimberly-Clark'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
Mike Hsu
COMPENSATION $6,812,918
AGE 54
TENURE AS CEO 0.2 years
CEO Bio

Mr. Michael D. Hsu, also known as Mike, has been Director of Kimberly-Clark Corporation since January 1, 2017 and serves as its Chief Executive Officer since January 1, 2019 and served as its President & Chief Operating Officer since January 1, 2017 until January 2019. He is responsible for the day-to-day operations of business units, along with global innovation, marketing and supply chain functions. Mr. Hsu served as the Group President of Kimberly-Clark North America at Kimberly-Clark Corporation since April 2013 until 2016. Mr. Hsu served as Group President of North American Consumer Business at Kimberly-Clark Corporation from November 15, 2012 to May 2013. He served as the President of Sales & Customer Logistics at Mondelez International, Inc. (formerly, Kraft Foods Inc.). He joined Kimberly-Clark Corporation from Mondelez International and served as its Executive Vice President and Chief Commercial Officer from January 2012 to July 2012. In his four-year tenure at Mondelez International, he served as the President of Their Grocery Business Unit from 2008 to 2010 and President of Sales, Customer Marketing & Logistics from 2010 to 2012. Prior to joining Mondelez International, he spent six years in senior executive positions at H.J Heinz Company. Prior to that, Mr. Hsu served as President and Chief Operating Officer, Foodservice at H. J. Heinz Company. He also had a successful 10-year career as a consultant with Booz Allen & Hamilton, rising from Associate to Partner. He has been a Director of Kimberly - Clark de Mexico S.A.B. de C.V. since February 27, 2014. Mr. Hsu earned a Bachelor’s Degree from Carnegie-Mellon University and an MBA from the University of Chicago.

CEO Compensation
  • Mike's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Mike'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 Kimberly-Clark management team in years:

2.2
Average Tenure
52.5
Average Age
  • The tenure for the Kimberly-Clark management team is about average.
Management Team

Thomas Falk

TITLE
Executive Chairman
COMPENSATION
$13M
AGE
59

Mike Hsu

TITLE
CEO & Director
COMPENSATION
$7M
AGE
54
TENURE
0.2 yrs

Maria Henry

TITLE
Senior VP
COMPENSATION
$5M
AGE
51
TENURE
3.9 yrs

Tony Palmer

TITLE
President of Global Brands & Innovation
COMPENSATION
$4M
AGE
58
TENURE
7 yrs

Kim Underhill

TITLE
Group President of Kimberly-Clark North America
COMPENSATION
$4M
AGE
53
TENURE
0.8 yrs

Gustavo Paz

TITLE
President of Europe
COMPENSATION
$3M
AGE
56
TENURE
4.9 yrs

Suja Chandrasekaran

TITLE
Chief Information Officer
AGE
51
TENURE
2.8 yrs

Paul Alexander

TITLE
Vice President of Investor Relations
AGE
52

Jeff Melucci

TITLE
Senior VP & General Counsel
AGE
47
TENURE
1.5 yrs

Giusy Buonfantino

TITLE
Chief Marketing Officer
AGE
50
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Kimberly-Clark board of directors in years:

13.5
Average Tenure
67.5
Average Age
  • The average tenure for the Kimberly-Clark board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Mike Hsu

TITLE
CEO & Director
COMPENSATION
$7M
AGE
54
TENURE
2.2 yrs

Claudio González Laporte

TITLE
Chairman of Kimberly-Clark De Mexico S A De C V
COMPENSATION
$54K
AGE
83

Thomas Falk

TITLE
Executive Chairman
COMPENSATION
$13M
AGE
59
TENURE
16.1 yrs

Abelardo Bru

TITLE
Independent Director
COMPENSATION
$300K
AGE
69
TENURE
13.5 yrs

Ian Read

TITLE
Lead Director
COMPENSATION
$320K
AGE
64
TENURE
1.8 yrs

Nancy Karch

TITLE
Independent Director
COMPENSATION
$310K
AGE
70
TENURE
8.8 yrs

Mike White

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

John Bergstrom

TITLE
Independent Director
COMPENSATION
$290K
AGE
72
TENURE
32.2 yrs

Robert Decherd

TITLE
Independent Director
COMPENSATION
$280K
AGE
66
TENURE
23.2 yrs

Marc Shapiro

TITLE
Independent Director
COMPENSATION
$280K
AGE
70
TENURE
18.2 yrs
Who owns this company?
Recent Insider Trading
  • Kimberly-Clark insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
11. Feb 19 Sell Anthony Palmer Individual 08. Feb 19 08. Feb 19 -6,122 $115.11 $-704,703
28. Nov 18 Sell Michael Azbell Individual 27. Nov 18 27. Nov 18 -13,565 $115.00 $-1,559,975
15. Nov 18 Sell Jeffrey Melucci Individual 14. Nov 18 14. Nov 18 -1,000 $111.18 $-111,180
16. Aug 18 Sell Anthony Palmer Individual 16. Aug 18 16. Aug 18 -6,445 $117.34 $-756,256
26. Jul 18 Sell Aaron Powell Individual 25. Jul 18 25. Jul 18 -1,100 $105.96 $-116,551
29. May 18 Sell Jeffrey Melucci Individual 29. May 18 29. May 18 -330 $105.97 $-34,970
23. May 18 Sell Sandra MacQuillan Individual 22. May 18 22. May 18 -3,045 $105.63 $-321,643
15. May 18 Buy Robert Decherd Individual 24. Apr 18 24. Apr 18 2,000 $100.05 $200,100
X
Management checks
We assess Kimberly-Clark'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. Kimberly-Clark 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.

KMB News

Simply Wall St News

What Should Investors Know About Kimberly-Clark Corporation's (NYSE:KMB) Future?

Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … The latest earnings announcement Kimberly-Clark Corporation (NYSE:KMB) released in December 2018

Simply Wall St -

Kimberly-Clark Corporation (NYSE:KMB): What We Can Expect From This Growth Stock

On 31 December 2018, Kimberly-Clark Corporation (NYSE:KMB) announced its earnings update. … the consensus outlook from analysts appear fairly confident, … the past 5-year average growth rate of 4.0%.

Simply Wall St -

Calculating The Fair Value Of Kimberly-Clark Corporation (NYSE:KMB)

How far off is Kimberly-Clark Corporation (NYSE:KMB) from its intrinsic value? … by projecting its future cash flows and then discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Here's What Kimberly-Clark Corporation's (NYSE:KMB) P/E Is Telling Us

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Kimberly-Clark has a price to earnings ratio of 24.48, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

What Kind Of Shareholders Own Kimberly-Clark Corporation (NYSE:KMB)?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Kimberly-Clark is a pretty big company. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St -

Kimberly-Clark Corporation (NYSE:KMB)'s Return on Capital

Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Therefore, looking at how efficiently Kimberly-Clark is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

Simply Wall St -

Have Insiders Been Selling Kimberly-Clark Corporation (NYSE:KMB) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Kimberly-Clark Corporation (NYSE:KMB). … In the last twelve months, the biggest single sale by an insider was when President of Global Brands & Innovation Anthony Palmer sold US$756k worth of shares at a price of US$117 per share. … So we know that an insider sold shares at around the present share price of US$113.

Simply Wall St -

How Much Did Kimberly-Clark Corporation's (NYSE:KMB) CEO Pocket Last Year?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … How Does Thomas Falk's Compensation Compare With Similar Sized Companies. … Our data indicates that Kimberly-Clark Corporation is worth US$37.9b, and total annual CEO compensation is US$16m.

Simply Wall St -

What Makes Kimberly-Clark Corporation (NYSE:KMB) A Great Dividend Stock?

Over the past 10 years Kimberly-Clark Corporation (NYSE:KMB) has grown its dividend payouts from $2.32 to $4. … stable and consistent dividend, having done so reliably for the past decade with the expectation of this continuing into the future … It consistently pays out dividend without missing a payment or significantly cutting payout

Simply Wall St -

Why Dividend Hunters Love Kimberly-Clark Corporation (NYSE:KMB)

There is a lot to be liked about Kimberly-Clark Corporation (NYSE:KMB) as an income stock. … Does Kimberly-Clark tick all the boxes of a great dividend stock? … How I analyze a dividend stock

Simply Wall St -

KMB Company Info

Description

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names. The Consumer Tissue segment provides facial and bathroom tissues, paper towels, napkins, and related products under the Kleenex, Scott, Cottonelle, Viva, Andrex, Scottex, Neve, and other brand names. The K-C Professional segment offers wipers, tissues, towels, apparel, soaps, and sanitizers under the Kleenex, Scott, WypAll, Kimtech, and KleenGuard brands. The company sells household use products directly to supermarkets, mass merchandisers, drugstores, warehouse clubs, variety and department stores, and other retail outlets, as well as through other distributors and e-commerce; and away-from-home use products directly to manufacturing, lodging, office building, food service, and public facilities, as well as through distributors. Kimberly-Clark Corporation was founded in 1872 and is headquartered in Dallas, Texas.

Details
Name: Kimberly-Clark Corporation
KMB
Exchange: NYSE
Founded: 1872
$41,145,158,805
344,109,382
Website: http://www.kimberly-clark.com
Address: Kimberly-Clark Corporation
PO Box 619100,
Dallas,
Texas, 75261,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE KMB Common Stock New York Stock Exchange US USD 02. Jan 1968
DB KMY Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
LSE 0JQZ Common Stock London Stock Exchange GB USD 02. Jan 1968
SWX KMY Common Stock SIX Swiss Exchange CH CHF 02. Jan 1968
BOVESPA KMBB34 EACH BDR REPR 1 COM STK USD1.25 Bolsa de Valores de Sao Paulo BR BRL 24. Aug 2015
Number of employees
Current staff
Staff numbers
41,000
Kimberly-Clark employees.
Industry
Household Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:39
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/20
Last earnings filing: 2019/02/07
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.