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Procter & Gamble

SNSE:PG
Snowflake Description

Average dividend payer with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PG
SNSE
$299B
Market Cap
  1. Home
  2. CL
  3. Household
Company description

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. The last earnings update was 20 days ago. More info.


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PG Share Price and Events
7 Day Returns
0%
SNSE:PG
-2.2%
Global Household Products
-2.1%
CL Market
1 Year Returns
33.2%
SNSE:PG
17.2%
Global Household Products
-12.1%
CL Market
PG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Procter & Gamble (PG) 0% 0% 3.1% 33.2% 54.7% 39.3%
Global Household Products -2.2% -0.3% 2.5% 17.2% 28.4% 39.8%
CL Market -2.1% -9.2% -5.6% -12.1% 3.3% -1%
1 Year Return vs Industry and Market
  • PG outperformed the Household Products industry which returned 17.2% over the past year.
  • PG outperformed the Market in Chile which returned -12.1% over the past year.
Price Volatility
PG
Industry
5yr Volatility vs Market

PG Value

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

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

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

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

SNSE:PG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 19 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year CL 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 SNSE:PG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CL Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Household Products Unlevered Beta Simply Wall St/ S&P Global 0.37
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.371 (1 + (1- 21%) (10.19%))
0.598
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 SNSE:PG using 2 Stage Free Cash Flow to Equity Model

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

Note: Free cash flow to equity valuations ignore the company's cash or debt.

SNSE:PG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.5%)
2020 12,408.19 Analyst x9 11,542.72
2021 13,264.94 Analyst x8 11,479.01
2022 14,269.06 Analyst x7 11,486.67
2023 14,770.00 Analyst x1 11,060.61
2024 15,534.00 Analyst x1 10,821.35
2025 16,164.57 Est @ 4.06% 10,475.19
2026 16,756.27 Est @ 3.66% 10,101.24
2027 17,322.85 Est @ 3.38% 9,714.41
2028 17,874.75 Est @ 3.19% 9,324.73
2029 18,419.78 Est @ 3.05% 8,938.83
Present value of next 10 years cash flows $104,944.00
SNSE:PG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $18,419.78 × (1 + 2.73%) ÷ (7.5% – 2.73%)
$396,867.36
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $396,867.36 ÷ (1 + 7.5%)10
$192,593.46
SNSE:PG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $104,944.00 + $192,593.46
$297,537.46
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $297,537.46 / 2,493.81
$119.31
SNSE:PG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in SNSE:PG represents 1.0051x of NYSE:PG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.0051x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 119.31 x 1.0051
$119.92
Value per share (USD) From above. $119.92
Current discount Discount to share price of $120.31
= -1 x ($120.31 - $119.92) / $119.92
-0.3%

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

  • The current share price of Procter & Gamble 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 Procter & Gamble's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Procter & Gamble's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SNSE:PG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $1.61
NYSE:PG Share Price ** NYSE (2019-11-08) in USD $119.7
Global Household Products Industry PE Ratio Median Figure of 53 Publicly-Listed Household Products Companies 22.07x
Chile Market PE Ratio Median Figure of 133 Publicly-Listed Companies 13.26x

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

** Primary Listing of Procter & Gamble.

SNSE:PG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 119.7 ÷ 1.61

74.44x

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

  • Procter & Gamble is overvalued based on earnings compared to the Global Household Products industry average.
  • Procter & Gamble is overvalued based on earnings compared to the Chile market.
Price based on expected Growth
Does Procter & Gamble's expected growth come at a high price?
Raw Data
SNSE:PG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 74.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
17.7%per year
Global Household Products Industry PEG Ratio Median Figure of 23 Publicly-Listed Household Products Companies 2.68x
Chile Market PEG Ratio Median Figure of 28 Publicly-Listed Companies 0.94x

*Line of best fit is calculated by linear regression .

SNSE:PG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 74.44x ÷ 17.7%

4.21x

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

  • Procter & Gamble is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Procter & Gamble's assets?
Raw Data
SNSE:PG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $18.31
NYSE:PG Share Price * NYSE (2019-11-08) in USD $119.7
Global Household Products Industry PB Ratio Median Figure of 73 Publicly-Listed Household Products Companies 1.54x
Chile Market PB Ratio Median Figure of 160 Publicly-Listed Companies 1.05x
SNSE:PG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 119.7 ÷ 18.31

6.54x

* Primary Listing of Procter & Gamble.

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

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

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

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

PG Future Performance

 How is Procter & Gamble expected to perform in the next 1 to 3 years based on estimates from 19 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
17.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Procter & Gamble expected to grow at an attractive rate?
  • Procter & Gamble's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Procter & Gamble's earnings growth is expected to exceed the Chile market average.
  • Procter & Gamble's revenue growth is positive but not above the Chile market average.
Annual Growth Rates Comparison
Raw Data
SNSE:PG Future Growth Rates Data Sources
Data Point Source Value (per year)
SNSE:PG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts 17.7%
SNSE:PG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts 3.5%
Global Household Products Industry Earnings Growth Rate Market Cap Weighted Average 14.8%
Global Household Products Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
Chile Market Earnings Growth Rate Market Cap Weighted Average 11.1%
Chile Market Revenue Growth Rate Market Cap Weighted Average 6%

*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
SNSE:PG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SNSE:PG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-06-30 81,402 1
2023-06-30 78,467 1
2022-06-30 75,885 18,450 14,021 9
2021-06-30 72,972 17,299 13,391 19
2020-06-30 70,583 16,290 12,825 19
2019-11-11
SNSE:PG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 68,792 15,844 4,029
2019-06-30 67,684 15,242 3,634
2019-03-31 67,093 15,290 10,767
2018-12-31 66,912 15,126 10,523
2018-09-30 66,869 14,803 9,827
2018-06-30 66,832 14,867 9,485
2018-03-31 66,408 14,356 9,813
2017-12-31 65,732 14,043 9,838
2017-09-30 65,193 13,359 9,884
2017-06-30 65,058 12,753 9,862
2017-03-31 65,081 13,204 9,648
2016-12-31 65,231 13,442 9,427

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Procter & Gamble's earnings are expected to grow by 17.7% yearly, however this is not considered high growth (20% yearly).
  • Procter & Gamble's revenue is expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SNSE:PG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below

All data from Procter & Gamble Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:PG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-06-30
2023-06-30
2022-06-30 5.49 5.68 5.29 3.00
2021-06-30 5.22 5.41 5.02 7.00
2020-06-30 4.89 4.96 4.82 5.00
2019-11-11
SNSE:PG Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 1.61
2019-06-30 1.45
2019-03-31 4.30
2018-12-31 4.20
2018-09-30 3.91
2018-06-30 3.75
2018-03-31 3.86
2017-12-31 3.86
2017-09-30 3.85
2017-06-30 3.80
2017-03-31 3.67
2016-12-31 3.55

*GAAP earnings excluding extraordinary items.

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

PG Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Procter & Gamble's growth in the last year to its industry (Household Products).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Procter & Gamble's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Procter & Gamble's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Procter & Gamble's 1-year earnings growth is negative, it can't be compared to the Global Household Products industry average.
Earnings and Revenue History
Procter & Gamble's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Procter & Gamble Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:PG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 68,792.00 4,029.00 19,317.00
2019-06-30 67,684.00 3,634.00 19,131.00
2019-03-31 67,093.00 10,767.00 18,848.00
2018-12-31 66,912.00 10,523.00 18,759.00
2018-09-30 66,869.00 9,827.00 18,928.00
2018-06-30 66,832.00 9,485.00 19,012.00
2018-03-31 66,408.00 9,813.00 18,885.00
2017-12-31 65,732.00 9,838.00 18,606.00
2017-09-30 65,193.00 9,884.00 18,522.00
2017-06-30 65,058.00 9,862.00 18,654.00
2017-03-31 65,081.00 9,648.00 18,753.00
2016-12-31 65,231.00 9,427.00 18,866.00
2016-09-30 65,290.00 9,767.00 18,785.00
2016-06-30 65,299.00 9,676.00 18,936.00
2016-03-31 65,750.00 8,147.00 18,269.00
2015-12-31 66,925.00 8,213.00 18,725.00
2015-09-30 68,505.00 7,972.00 19,481.00
2015-06-30 70,749.00 7,920.00 20,616.00
2015-03-31 73,792.00 9,955.00 21,528.00
2014-12-31 76,503.00 10,095.00 22,845.00
2014-09-30 79,107.00 10,703.00 23,810.00
2014-06-30 74,401.00 10,263.00 21,461.00
2014-03-31 79,983.00 10,185.00 24,485.00
2013-12-31 80,940.00 10,250.00 25,039.00
2013-09-30 82,016.00 11,056.00 25,519.00
2013-06-30 80,116.00 10,619.00 26,000.00
2013-03-31 83,724.00 11,363.00 25,996.00
2012-12-31 83,320.00 11,166.00 25,784.00

*GAAP earnings excluding extraordinary items.

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

PG Health

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

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

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

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

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

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

All data from Procter & Gamble Company Filings, last reported 1 month ago.

SNSE:PG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 46,984.00 29,513.00 9,304.00
2019-06-30 47,579.00 30,059.00 10,287.00
2019-03-31 55,552.00 30,270.00 9,823.00
2018-12-31 54,443.00 33,627.00 12,117.00
2018-09-30 52,504.00 31,287.00 11,253.00
2018-06-30 52,883.00 31,286.00 11,850.00
2018-03-31 54,946.00 35,299.00 15,534.00
2017-12-31 54,721.00 37,733.00 18,758.00
2017-09-30 55,415.00 34,214.00 16,007.00
2017-06-30 55,778.00 31,592.00 15,137.00
2017-03-31 54,548.00 30,414.00 14,327.00
2016-12-31 53,744.00 29,467.00 13,454.00
2016-09-30 58,951.00 31,125.00 14,071.00
2016-06-30 57,983.00 30,598.00 13,348.00
2016-03-31 59,853.00 32,815.00 13,819.00
2015-12-31 62,302.00 31,526.00 14,277.00
2015-09-30 62,954.00 30,487.00 12,606.00
2015-06-30 63,050.00 30,345.00 11,603.00
2015-03-31 63,380.00 32,439.00 13,160.00
2014-12-31 64,812.00 34,453.00 12,251.00
2014-09-30 66,829.00 33,232.00 10,846.00
2014-06-30 69,976.00 35,417.00 10,686.00
2014-03-31 70,041.00 36,365.00 9,752.00
2013-12-31 70,138.00 35,608.00 8,503.00
2013-09-30 68,816.00 34,780.00 7,702.00
2013-06-30 68,709.00 31,543.00 5,947.00
2013-03-31 67,953.00 32,223.00 5,876.00
2012-12-31 67,323.00 33,426.00 6,966.00
  • Procter & Gamble's level of debt (62.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (49.8% vs 62.8% today).
  • Debt is well covered by operating cash flow (53.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 57.3x coverage).
X
Financial health checks
We assess Procter & Gamble's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Procter & Gamble has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

PG Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.49%
Current annual income from Procter & Gamble dividends. Estimated to be 2.6% next year.
If you bought $2,000 of Procter & Gamble shares you are expected to receive $50 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Procter & Gamble's pays a higher dividend yield than the bottom 25% of dividend payers in Chile (2.1%).
  • Procter & Gamble's dividend is below the markets top 25% of dividend payers in Chile (5.34%).
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
SNSE:PG 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 19 Analyst Estimates (S&P Global) See Below
Global Household Products Industry Average Dividend Yield Market Cap Weighted Average of 47 Stocks 2.3%
Chile Market Average Dividend Yield Market Cap Weighted Average of 132 Stocks 4.1%
Chile Minimum Threshold Dividend Yield 10th Percentile 0.8%
Chile Bottom 25% Dividend Yield 25th Percentile 2.1%
Chile Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

SNSE:PG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-06-30
2023-06-30
2022-06-30 3.26 9.00
2021-06-30 3.12 13.00
2020-06-30 3.00 13.00
2019-11-11
SNSE:PG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-10-08 2.984 2.466
2019-07-09 2.984 2.510
2019-04-09 2.984 2.779
2019-01-08 2.869 2.920
2018-10-09 2.869 3.187
2018-07-10 2.869 3.494
2018-04-10 2.869 3.814
2018-01-09 2.758 3.365
2017-10-10 2.758 3.072
2017-07-11 2.758 3.018
2017-04-11 2.758 3.138
2017-01-10 2.678 3.008
2016-10-11 2.678 3.159
2016-07-12 2.678 3.071
2016-04-08 2.678 3.254
2016-01-12 2.652 3.270
2015-10-13 2.652 3.450
2015-07-14 2.652 3.591
2015-04-20 2.652 3.314
2015-01-13 2.574 3.032
2014-10-14 2.574 2.899
2014-07-08 2.574 3.129
2014-04-07 2.574 3.194
2014-01-14 2.406 3.059
2013-10-08 2.406 2.945
2013-07-09 2.406 3.034
2013-04-15 2.406 3.068
2013-01-08 2.248 2.979
2012-10-09 2.248 3.269
2012-07-10 2.248 3.363
2012-04-13 2.248 3.564
2012-01-10 2.100 3.186
2011-10-11 2.100 3.255
2011-07-12 2.100 3.356
2011-04-11 2.100 3.236
2011-01-11 1.927 3.059
2010-10-12 1.927 3.027
2010-07-13 1.927 3.169
2010-04-19 1.927 3.124
2010-01-12 1.760 2.809
2009-10-13 1.760 2.901
2009-07-14 1.760 3.204
2009-04-14 1.760 3.422
2009-01-13 1.600 3.184

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Procter & Gamble's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Procter & Gamble's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Procter & Gamble afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Procter & Gamble has a total score of 4/6, see the detailed checks below.


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

PG Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Taylor
COMPENSATION $20,498,812
AGE 61
TENURE AS CEO 4 years
CEO Bio

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

CEO Compensation
  • David's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Insufficient data for David to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

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

3.2
Average Tenure
58
Average Age
  • The tenure for the Procter & Gamble management team is about average.
Management Team

David Taylor

TITLE
Chairman of the Board
COMPENSATION
$20M
AGE
61
TENURE
4 yrs

Jon Moeller

TITLE
Vice Chairman
COMPENSATION
$9M
AGE
55

Debbie Majoras

TITLE
Chief Legal Officer & Secretary
COMPENSATION
$5M
AGE
55
TENURE
9.8 yrs

Carolyn Tastad

TITLE
Group President of North America & Chief Sales Officer
COMPENSATION
$6M
AGE
58
TENURE
0.4 yrs

Mary Ferguson-McHugh

TITLE
Chief Executive Officer of Family Care and P&G Ventures
COMPENSATION
$6M
AGE
59
TENURE
3.8 yrs

Kathy Fish

TITLE
Chief Research
AGE
62
TENURE
5.8 yrs

Javier Polit

TITLE
Chief Information Officer
TENURE
2.6 yrs

Craig Buchholz

TITLE
Chief Communications Officer & VP of Communications
TENURE
1.8 yrs

Laura Becker

TITLE
President of Global Business Services

Tracey Grabowski

TITLE
Chief Human Resources Officer
AGE
51
TENURE
1.3 yrs
Board of Directors Tenure

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

6.8
Average Tenure
64.5
Average Age
  • The tenure for the Procter & Gamble board of directors is about average.
Board of Directors

Jon Moeller

TITLE
Vice Chairman
COMPENSATION
$9M
AGE
55

Pat Woertz

TITLE
Independent Director
COMPENSATION
$310K
AGE
66
TENURE
11.8 yrs

David Taylor

TITLE
Chairman of the Board
COMPENSATION
$20M
AGE
61
TENURE
3.3 yrs

Bray Braly

TITLE
Independent Director
COMPENSATION
$300K
AGE
58
TENURE
9.9 yrs

Terry Lundgren

TITLE
Independent Director
COMPENSATION
$305K
AGE
67
TENURE
6.8 yrs

Joe Jimenez

TITLE
Independent Director
COMPENSATION
$285K
AGE
59
TENURE
1.7 yrs

Jim McNerney

TITLE
Lead Independent Director
COMPENSATION
$315K
AGE
70
TENURE
4.4 yrs

Scott Cook

TITLE
Independent Director
COMPENSATION
$300K
AGE
67
TENURE
19.8 yrs

Meg Whitman

TITLE
Independent Director
COMPENSATION
$285K
AGE
63
TENURE
8.8 yrs

Frank Blake

TITLE
Independent Director
COMPENSATION
$285K
AGE
70
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • Procter & Gamble individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
31. Oct 19 Sell Trian Fund Management, L.P. Company 29. Oct 19 31. Oct 19 -2,148,127 $125.02 $-266,968,596
30. Oct 19 Sell Valarie Sheppard Individual 29. Oct 19 29. Oct 19 -697 $124.23 $-86,585
24. Oct 19 Sell Stephen Bishop Individual 23. Oct 19 23. Oct 19 -11,165 $123.00 $-1,373,295
15. Oct 19 Sell Mary Ferguson-McHugh Individual 14. Oct 19 14. Oct 19 -2,680 $119.93 $-321,413
28. Aug 19 Sell R. Keith Individual 27. Aug 19 27. Aug 19 -8,248 $120.52 $-993,641
28. Aug 19 Sell Kathleen Fish Individual 27. Aug 19 27. Aug 19 -8,472 $120.58 $-1,021,572
28. Aug 19 Sell Valarie Sheppard Individual 27. Aug 19 27. Aug 19 -1,259 $120.36 $-151,532
27. Aug 19 Sell Fama Francisco Individual 26. Aug 19 26. Aug 19 -4,598 $119.00 $-547,162
26. Aug 19 Sell Shailesh Jejurikar Individual 26. Aug 19 26. Aug 19 -7,727 $119.04 $-919,843
26. Aug 19 Sell Carolyn Tastad Individual 26. Aug 19 26. Aug 19 -10,662 $118.00 $-1,258,116
22. Aug 19 Sell Shailesh Jejurikar Individual 20. Aug 19 20. Aug 19 -6,983 $119.80 $-836,578
22. Aug 19 Sell David Taylor Individual 20. Aug 19 21. Aug 19 -87,643 $119.80 $-10,457,394
22. Aug 19 Sell Valarie Sheppard Individual 20. Aug 19 20. Aug 19 -1,729 $119.80 $-207,138
22. Aug 19 Sell Marc Pritchard Individual 20. Aug 19 20. Aug 19 -6,923 $119.80 $-829,390
22. Aug 19 Sell Stephen Bishop Individual 20. Aug 19 20. Aug 19 -9,541 $119.80 $-1,143,032
22. Aug 19 Sell Kathleen Fish Individual 20. Aug 19 20. Aug 19 -7,488 $119.80 $-897,078
22. Aug 19 Sell Fama Francisco Individual 20. Aug 19 20. Aug 19 -6,983 $119.80 $-836,578
22. Aug 19 Sell Mary Grabowski Individual 20. Aug 19 21. Aug 19 -2,000 $119.80 $-238,637
22. Aug 19 Sell Carolyn Tastad Individual 20. Aug 19 20. Aug 19 -9,424 $119.80 $-1,129,015
22. Aug 19 Sell Deborah Majoras Individual 20. Aug 19 20. Aug 19 -9,852 $119.80 $-1,180,290
22. Aug 19 Sell Jon Moeller Individual 20. Aug 19 21. Aug 19 -40,977 $119.80 $-4,888,933
21. Aug 19 Sell Mary Ferguson-McHugh Individual 20. Aug 19 20. Aug 19 -10,348 $119.80 $-1,239,712
21. Aug 19 Sell R. Keith Individual 20. Aug 19 20. Aug 19 -7,546 $119.80 $-904,027
21. Aug 19 Sell Gary Coombe Individual 20. Aug 19 21. Aug 19 -15,265 $119.80 $-1,822,755
10. May 19 Sell Trian Fund Management, L.P. Company 09. May 19 09. May 19 -71,500 $104.62 $-7,480,373
06. May 19 Sell Juan Posada Individual 03. May 19 03. May 19 -1,400 $106.00 $-148,400
03. May 19 Sell Juan Posada Individual 02. May 19 02. May 19 -1,400 $105.50 $-147,700
03. May 19 Sell Shailesh Jejurikar Individual 02. May 19 02. May 19 -9,645 $105.33 $-1,015,946
01. May 19 Sell Carolyn Tastad Individual 01. May 19 01. May 19 -3,980 $105.85 $-421,297
01. May 19 Sell Juan Posada Individual 30. Apr 19 30. Apr 19 -1,400 $106.00 $-148,400
01. May 19 Sell Jeffery Schomburger Individual 30. Apr 19 30. Apr 19 -6,595 $106.06 $-699,467
01. May 19 Sell R. Keith Individual 30. Apr 19 30. Apr 19 -837 $106.00 $-88,722
30. Apr 19 Sell Juan Posada Individual 26. Apr 19 26. Apr 19 -1,400 $105.75 $-148,050
29. Apr 19 Sell R. Keith Individual 26. Apr 19 26. Apr 19 -837 $105.00 $-87,885
25. Apr 19 Sell R. Keith Individual 24. Apr 19 24. Apr 19 -1,674 $103.47 $-173,205
25. Apr 19 Sell Deborah Majoras Individual 25. Apr 19 25. Apr 19 -6,161 $103.10 $-635,197
04. Mar 19 Sell Mary Ferguson-McHugh Individual 28. Feb 19 28. Feb 19 -3,300 $98.57 $-325,286
04. Mar 19 Sell Jon Moeller Individual 28. Feb 19 28. Feb 19 -3,224 $98.57 $-317,795
04. Mar 19 Sell Carolyn Tastad Individual 28. Feb 19 28. Feb 19 -1,493 $98.57 $-147,167
04. Mar 19 Sell Jeffery Schomburger Individual 28. Feb 19 28. Feb 19 -4,859 $98.57 $-478,959
04. Mar 19 Sell Deborah Majoras Individual 28. Feb 19 28. Feb 19 -2,311 $98.57 $-227,799
04. Mar 19 Sell R. Keith Individual 28. Feb 19 28. Feb 19 -3,027 $98.57 $-298,376
25. Feb 19 Sell Valarie Sheppard Individual 22. Feb 19 22. Feb 19 -1,236 $100.12 $-123,748
25. Feb 19 Sell Juan Posada Individual 22. Feb 19 22. Feb 19 -998 $100.40 $-99,949
22. Feb 19 Sell Juan Posada Individual 21. Feb 19 21. Feb 19 -1,000 $99.75 $-99,750
21. Feb 19 Sell Juan Posada Individual 20. Feb 19 20. Feb 19 -1,000 $100.11 $-100,110
20. Feb 19 Sell Juan Posada Individual 19. Feb 19 19. Feb 19 -500 $98.75 $-49,375
15. Feb 19 Sell Trian Fund Management, L.P. Company 13. Feb 19 15. Feb 19 -1,208,754 $99.18 $-119,769,278
07. Feb 19 Sell Valarie Sheppard Individual 05. Feb 19 05. Feb 19 -1,026 $97.40 $-99,936
04. Feb 19 Sell Jeffery Schomburger Individual 04. Feb 19 04. Feb 19 -4,395 $97.56 $-428,789
04. Dec 18 Sell Juan Posada Individual 30. Nov 18 30. Nov 18 -1,068 $93.66 $-100,029
03. Dec 18 Sell Valarie Sheppard Individual 29. Nov 18 29. Nov 18 -1,075 $92.96 $-99,932
03. Dec 18 Sell Juan Posada Individual 29. Nov 18 29. Nov 18 -1,074 $93.10 $-99,989
19. Nov 18 Sell Loïc Tassel Individual 15. Nov 18 16. Nov 18 -1,618 $94.55 $-151,011
19. Nov 18 Sell Juan Posada Individual 16. Nov 18 16. Nov 18 -1,062 $94.00 $-99,828
15. Nov 18 Sell Carolyn Tastad Individual 15. Nov 18 15. Nov 18 -6,245 $92.94 $-580,401
14. Nov 18 Sell R. Keith Individual 13. Nov 18 13. Nov 18 -5,391 $91.88 $-495,316
X
Management checks
We assess Procter & Gamble's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Procter & Gamble has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


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

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

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

PG News

Simply Wall St News

PG Company Info

Description

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

Details
Name: The Procter & Gamble Company
PG
Exchange: SNSE
Founded: 1837
$298,509,302,145
2,493,812,048
Website: http://www.pginvestor.com
Address: The Procter & Gamble Company
One Procter & Gamble Plaza,
Cincinnati,
Ohio, 45202,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE PG Common Stock New York Stock Exchange US USD 02. Jan 1968
DB PRG Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
XTRA PRG Common Stock XETRA Trading Platform DE EUR 02. Jan 1968
LSE 0NOF Common Stock London Stock Exchange GB USD 02. Jan 1968
SWX PG Common Stock SIX Swiss Exchange CH CHF 02. Jan 1968
WBAG PG Common Stock Wiener Boerse AG AT EUR 02. Jan 1968
SNSE PG Common Stock Santiago Stock Exchange CL USD 02. Jan 1968
BVC PG Common Stock Bolsa de Valores de Colombia CO COP 02. Jan 1968
BMV PG * Common Stock Bolsa Mexicana de Valores MX MXN 02. Jan 1968
BVL PG Common Stock Bolsa de Valores de Lima PE USD 02. Jan 1968
BOVESPA PGCO34 BDR EACH REPR 1 COM SH Bolsa de Valores de Sao Paulo BR BRL 03. May 2011
BASE PG CEDEAR EACH 5 REP 1 COM (USD) Buenos Aires Stock Exchange AR ARS 07. Mar 2000
Number of employees
Current staff
Staff numbers
97,000
Procter & Gamble employees.
Industry
Household Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/11 18:09
End of day share price update: 2019/11/08 00:00
Last estimates confirmation: 2019/11/06
Last earnings filing: 2019/10/22
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/06/30


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

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