Is the business good?
How good a business is HLN?
Haleon plc earns 8.2% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
8.2%
Return on invested capital · cost of capital 9.0% · 0.82 points below what the capital costs: growth destroys value
- Operating margin
- 22%
Operating margin · Drug Manufacturers - Specialty & Generic median 12% · fiscal year to FY2025
- Cash conversion
- 1.39×
Cash conversion · 1.42× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −1.6%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 16% |
| FY2021 | 17% |
| FY2022 | 17% |
| FY2023 | 18% |
| FY2024 | 20% |
| FY2025 | 22% |
Details›
- Gross marginfiscal year to FY2025
- 64%
- Operating marginfiscal year to FY2025
- 22%
- Net marginfiscal year to FY2025
- 15%
- Free cash flow margin
- 21%
- R&D as % of revenue
- 2.9%
- Revenue, trailing twelve months
- $11.0B
- Free cash flow, trailing twelve months
- $2.31B
- Net income, trailing twelve months
- $1.67B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 8.2%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Drug Manufacturers - Specialty & Generic
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