Consumer Discretionary

The sector, Consumer Discretionary, contains the industry groups:

and has the constituents:

Comparative Analysis

Income Statement

($'M) 2020 2021 $ Change % Change
Revenue 34,985.1 38,677.6 3,692.5 10.6
Less: Cost of Goods Sold -26,914.7 -29,193.2 -2,278.5 8.5
Gross Profit 61,899.8 67,870.8 5,971.0 9.6
Less: Operating Costs -4,815.6 -4,693.7 121.9 -2.5
Operating Profit 66,715.4 72,564.5 5,849.1 8.8
Less: Financing Costs -521.2 -481.8 39.4 -7.6
Earnings Before Tax 67,236.6 73,046.3 5,809.7 8.6
Less: Income Tax 266.1 -1,108.9 -1,375.0 -516.7
Net Profit 66,970.5 74,155.2 7,184.7 10.7

Balance Sheet

($'M) 2020 2021 $ Change % Change
Current Assets 10,575.8 12,394.7 1,818.9 17.2
Non Current Assets 22,726.1 22,491.3 -234.8 -1.0
Assets 33,301.9 34,886.0 1,584.1 4.8
Current Liabilities 8,315.5 9,114.3 798.8 9.6
Non Current Liabilities 12,462.4 12,177.8 -284.6 -2.3
Liabilities 20,777.9 21,292.1 514.2 2.5
Equity 12,524.0 13,593.9 1,069.9 8.5

Cash Flow Statement

($'M) 2020 2021 $ Change % Change
Cash Flow from Operating Activities 5,568.9 4,711.4 -857.5 -15.4
Cash Flow from Financing Activities -2,712.5 -2,888.3 -175.8 6.5
Cash Flow from Investing Activities 394.2 -952.4 -1,346.6 -341.6
Net Cash Flow 3,250.6 870.7 -2,379.9 -73.2
Foreign Exchange Fluctuations -25.5 -4.8 20.7 -81.2
Cash at the Beginning of the Period 1,363.6 4,588.7 3,225.1 236.5
Cash at the End of the Period 4,588.7 5,454.6 865.9 18.9

Ratio Analysis

Profitability

2020 2021 Change
Gross Profit Margin 176.9% 175.5% -1.5%
Operating Profit Margin 190.7% 187.6% -3.1%
Net Profit Margin 191.4% 191.7% 0.3%

Management Effectiveness

2020 2021 Change
Return on Assets 201.1% 212.6% 11.5%
Return on Equity 534.7% 545.5% 10.8%
Current Ratio 1.3 1.4 0.1
Debt to Equity Ratio 1.7 1.6 -0.1

Valuation

2020 2021 Change  
Share Price ($) 39.48 54.59 15.11 38.3%
Ordinary Shares 1,772,384,150 1,803,463,294 31,079,144 1.8%
Market Capitalisation ($) 69,967,215,376 98,448,757,653 28,481,542,278 40.7%
Revenue per Share ($) 19.74 21.45 1.71 8.6%
Earnings per Share ($) 37.79 41.12 3.33 8.8%
Equity per Share ($) 7.07 7.54 0.47 6.7%
Dividends per Share ($) 1.10 1.24 0.14 12.5%
Dividend Yield 2.8% 2.3% -0.5%  
Price to Sales Ratio 2.0 2.5 0.5 27.3%
Price to Earnings Ratio 1.0 1.3 0.3 27.1%
Price to Book Ratio 5.6 7.2 1.7 29.6%