2024-03-28 07:00:00 ET
Summary
- Kimberly-Clark is a well-known company with a long history and popular consumer brands like Huggies, Kotex, and Pull-Ups.
- The company has faced headwinds and declining volumes but has managed to increase prices to offset lower volumes.
- As a result of a weak 2024 outlook and current headwinds, Kimberly-Clark is trading at an attractive valuation closer to its 52-week low.
- Despite headwinds, the Dividend King's cash flows & balance sheet remain strong, and they even managed to grow FCF and deleverage.
- Using the Dividend Discount Model, I have a price target of $130. I suspect the share price will trade near the current price until headwinds and inflationary pressures moderate.
Introduction
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For further details see:
Kimberly-Clark: A Dividend King Whose Growth Outlook Is Uncertain