1 WHIRLPOOL share price target reports by brokerages below. See what is analyst's view on WHIRLPOOL share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
We have retained our earnings estimates and Buy rating on the stock with an unchanged target price of Rs1,840 based on 38x FY21E earnings. In FY19,WIL’s performance was healthy with 12% revenue growth (in a challenging summer season as well as on a high base of 23% YoY growth in FY18), 11.9% EBITDA margin (up 30bps YoY) and 17% earnings growth. We continue to remain optimistic about WIL outpacing industry growth and expect it to report a healthy 17% revenue CAGR over FY19-FY21E. With a 40bps margin expansion and rising other income, the earnings CAGR is likely to be much higher at 22% over FY19-FY21E.
WIL is a strong financial franchise with 22% earnings CAGR over FY19-FY21E, strong free cash flow, negative working capital cycle, healthy margin profile, healthy return ratios and high cash level which will support its premium valuation.
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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