Price to Operating Profit (P/OP)
since 2005
Calculation
Kimberly-Clark Corp., P/OP, long-term trends, calculation
| P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Operating profit1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 11, 2021 | 13.78 | = | 132.09 | ÷ | 9.59 | 9.59 | = | 3,244 | ÷ | 338,363,924 | |
| Feb 13, 2020 | 16.54 | = | 144.74 | ÷ | 8.75 | 8.75 | = | 2,991 | ÷ | 341,795,666 | |
| Feb 7, 2019 | 17.52 | = | 113.36 | ÷ | 6.47 | 6.47 | = | 2,229 | ÷ | 344,431,630 | |
| Feb 8, 2018 | 11.87 | = | 111.69 | ÷ | 9.41 | 9.41 | = | 3,299 | ÷ | 350,706,285 | |
| Feb 8, 2017 | 13.20 | = | 122.93 | ÷ | 9.31 | 9.31 | = | 3,317 | ÷ | 356,274,872 | |
| Feb 11, 2016 | 28.29 | = | 126.42 | ÷ | 4.47 | 4.47 | = | 1,613 | ÷ | 360,899,707 | |
| Feb 18, 2015 | 16.19 | = | 111.70 | ÷ | 6.90 | 6.90 | = | 2,521 | ÷ | 365,468,649 | |
| Feb 14, 2014 | 13.04 | = | 110.24 | ÷ | 8.46 | 8.46 | = | 3,208 | ÷ | 379,402,894 | |
| Feb 22, 2013 | 13.64 | = | 94.50 | ÷ | 6.93 | 6.93 | = | 2,686 | ÷ | 387,621,860 | |
| Feb 29, 2012 | 11.75 | = | 72.88 | ÷ | 6.20 | 6.20 | = | 2,442 | ÷ | 393,683,636 | |
| Feb 23, 2011 | 9.51 | = | 65.21 | ÷ | 6.86 | 6.86 | = | 2,773 | ÷ | 404,377,352 | |
| Feb 24, 2010 | 8.89 | = | 60.30 | ÷ | 6.79 | 6.79 | = | 2,825 | ÷ | 416,305,736 | |
| Feb 27, 2009 | 7.65 | = | 47.11 | ÷ | 6.15 | 6.15 | = | 2,547 | ÷ | 413,810,555 | |
| Feb 22, 2008 | 10.45 | = | 65.04 | ÷ | 6.23 | 6.23 | = | 2,616 | ÷ | 420,257,274 | |
| Feb 22, 2007 | 15.10 | = | 69.50 | ÷ | 4.60 | 4.60 | = | 2,102 | ÷ | 456,450,272 | |
| Feb 23, 2006 | 11.86 | = | 59.45 | ÷ | 5.01 | 5.01 | = | 2,311 | ÷ | 460,850,735 |
Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Kimberly-Clark Corp. Annual Report.
The analysis of the financial metrics over the 16-year period reveals distinct trends and fluctuations in share price, operating profit per share, and the price-to-operating profit (P/OP) ratio.
- Share Price (US$)
- The share price exhibits considerable variability. Starting at $59.45 in 2006, it generally increased with intermittent declines. Notable dips occurred in 2009 ($47.11) and a decline following the 2018 peak of $126.42, where the price decreased to $111.69 by 2018 and fluctuated thereafter, peaking at $144.74 in 2020 before falling slightly to $132.09 in 2021. Overall, the share price trend is upward, reflecting value appreciation over time despite episodic volatility.
- Operating Profit Per Share (US$)
- The operating profit per share shows a mixed pattern with peaks and troughs. Beginning at $5.01 in 2006, it increased to $6.23 in 2008 but then fluctuated, dipping to $4.47 in 2016, the lowest point in the series. Subsequently, it experienced a strong recovery, reaching a high of $9.59 in 2021. This highlights periods of operational challenges followed by improvement, suggesting increased profitability efficiency in recent years.
- Price-to-Operating Profit Ratio (P/OP)
- The P/OP ratio reflects market valuation relative to operating profit and exhibits considerable volatility. It started at 11.86 in 2006, peaked dramatically at 28.29 in 2016, indicating a substantially higher market valuation relative to earnings that year. Following this, the ratio declined and stabilized somewhat around the 11 to 17 range in later years. The fluctuations may indicate changing investor sentiment, market conditions, or earnings expectations affecting valuation multiples.
In summary, the data presents a company with generally improving operating profit per share after mid-period volatility and a share price that follows an upward trajectory despite intermittent declines. The P/OP ratio's volatility suggests changing valuation perceptions over time, peaking notably in 2016 and moderating afterward. These patterns collectively suggest resilience and operational improvement tempered by market-driven valuation shifts.
Comparison to Competitors
Kimberly-Clark Corp., P/OP, long-term trends, comparison to competitors
| Kimberly-Clark Corp. | Procter & Gamble Co. | |
|---|---|---|
| Feb 11, 2021 | 13.78 | 21.01 |
| Feb 13, 2020 | 16.54 | 52.12 |
| Feb 7, 2019 | 17.52 | 15.00 |
| Feb 8, 2018 | 11.87 | 16.71 |
| Feb 8, 2017 | 13.20 | 17.07 |
| Feb 11, 2016 | 28.29 | 17.37 |
| Feb 18, 2015 | 16.19 | 14.34 |
| Feb 14, 2014 | 13.04 | 15.54 |
| Feb 22, 2013 | 13.64 | 13.83 |
| Feb 29, 2012 | 11.75 | 10.16 |
| Feb 23, 2011 | 9.51 | 10.60 |
| Feb 24, 2010 | 8.89 | 9.48 |
| Feb 27, 2009 | 7.65 | 12.61 |
| Feb 22, 2008 | 10.45 | 13.07 |
| Feb 22, 2007 | 15.10 | 14.67 |
| Feb 23, 2006 | 11.86 | 12.53 |
Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).