McKesson Europe - Financial Performance in 2019

Language: English
Company: McKesson Europe
Provider: Helgi Analytics
Pages: 16

This report analyses the financial performance of McKesson Europe for the 2018. You will find all the necessary details regarding company's profitability, volume growth, indebtedness and a comparison with selected peers.

McKesson Europe announced a net loss of EUR 59.0 mil in 2018, up 80.3% when compared to the last year. Sales increased 0.412% yoy to EUR 21,177 mil, EBITDA fell 1.08% to EUR 146 mil and net margin amounted to -0.279%. McKesson Europe stock appreciated 7.53% in 2018 to EUR 25.2 per share and the stock traded at 12-month trailing PE of -17.1 and EV/EBITDA of 40.4x at the end of 2018.

The key highlights are:

Sales increased 0.412% yoy to EUR 21,177 mil in 2018. That’s compared to average growth of -0.025% in the last three years and 0.15% when compared to the average annual decrease in the last decade.

EBITDA amounted to EUR 146 mil and fell -1.08% when compared to last year. EBITDA margin reached 0.689%, down 1.08 pp when compared to 5-year average.

Company’s indebtedness fell when measured by Net Debt/Equity and reached 8.05% at the end of the year. When compared to EBITDA, net debt fell to 1.09x.

McKesson Europe netted EUR -59.0 mil to its shareholders in the last year, down 74.3% when compared to the average seen in the last five years. The company produced a return on capital of -2.28% and return on equity of -3.02% in the last year.

McKesson Europe stock traded at EUR 25.2 per share at the end of 2018 implying a market capitalization of USD 6,714 mil and enterprise value of USD 6,897 mil. This puts the stock at the 12-month trailing price to earnings of -17.1x and EV/EBITDA of 40.4x as of the end of 2018. Over the last five years, the stock price has increased by 5.52% a year on average and the firm generated its shareholders an average return on equity of -10.7%.

Retail & Wholesale | Germany | August 18, 2020