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Global Peer Comparison: Kimberly-Clark vs. Henkel Oct 11

  • ID: 1931903
  • October 2011
  • Region: Global
  • Standard & Poors
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  • Henkel AG & Co. KGaA
  • Kimberly-Clark Corp.
  • MORE

U.S.-based Kimberly-Clark Corp. and Germany-based Henkel AG & Co. KGaA are two leading multinational consumer products companies within the personal care and household sectors. Standard & Poor's Ratings Services rates both companies 'A' with a stable rating outlook. The generally favorable key credit characteristics of the industry, including noncyclical demand (apart from Henkel's adhesives business), low capital intensity, and strong cash flow generation, underpin the investment-grade ratings. Both Kimberly-Clark and Henkel enjoy strong brand recognition and generate significant free cash flow, which allows them to reward shareholder value and pursue acquisitions. Kimberly-Clark has the slightly stronger business risk profile of the two, in our view, as demonstrated by its higher operating margins, while Henkel has a more conservative financial risk...

Companies mentioned in this report are:
- Kimberly-Clark Corp.
- Henkel AG & Co. KGaA

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors READ MORE >

Note: Product cover images may vary from those shown
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- Kimberly-Clark Corp.
- Henkel AG & Co. KGaA

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown