Intrinsic value of Colgate-Palmolive - CL

Previous Close

$65.52

  Intrinsic Value

$32.52

stock screener

  Rating & Target

str. sell

-50%

Previous close

$65.52

 
Intrinsic value

$32.52

 
Up/down potential

-50%

 
Rating

str. sell

We calculate the intrinsic value of CL stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 57.5

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  15,763
  16,126
  16,540
  17,005
  17,521
  18,087
  18,703
  19,369
  20,088
  20,859
  21,683
  22,563
  23,500
  24,496
  25,553
  26,673
  27,858
  29,111
  30,436
  31,834
  33,310
  34,866
  36,506
  38,235
  40,055
  41,971
  43,989
  46,111
  48,345
  50,693
Variable operating expenses, $m
  11,768
  12,030
  12,330
  12,667
  13,040
  13,450
  13,896
  14,379
  14,899
  15,457
  15,698
  16,335
  17,014
  17,734
  18,499
  19,310
  20,168
  21,076
  22,035
  23,047
  24,115
  25,242
  26,430
  27,681
  28,999
  30,386
  31,846
  33,383
  35,000
  36,701
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  11,768
  12,030
  12,330
  12,667
  13,040
  13,450
  13,896
  14,379
  14,899
  15,457
  15,698
  16,335
  17,014
  17,734
  18,499
  19,310
  20,168
  21,076
  22,035
  23,047
  24,115
  25,242
  26,430
  27,681
  28,999
  30,386
  31,846
  33,383
  35,000
  36,701
Operating income, $m
  3,995
  4,095
  4,210
  4,338
  4,480
  4,637
  4,807
  4,991
  5,189
  5,402
  5,985
  6,228
  6,487
  6,762
  7,053
  7,362
  7,690
  8,036
  8,401
  8,787
  9,195
  9,624
  10,077
  10,554
  11,056
  11,585
  12,142
  12,728
  13,345
  13,993
EBITDA, $m
  5,111
  5,228
  5,363
  5,514
  5,681
  5,864
  6,064
  6,280
  6,513
  6,763
  7,030
  7,316
  7,619
  7,942
  8,285
  8,648
  9,032
  9,439
  9,868
  10,322
  10,800
  11,305
  11,836
  12,397
  12,987
  13,608
  14,262
  14,951
  15,675
  16,436
Interest expense (income), $m
  162
  355
  296
  310
  327
  345
  366
  389
  413
  440
  468
  499
  532
  567
  604
  644
  686
  731
  778
  828
  881
  937
  995
  1,057
  1,123
  1,192
  1,264
  1,341
  1,421
  1,506
  1,595
Earnings before tax, $m
  3,640
  3,799
  3,899
  4,011
  4,135
  4,271
  4,418
  4,578
  4,749
  4,933
  5,486
  5,696
  5,920
  6,157
  6,409
  6,676
  6,959
  7,258
  7,573
  7,906
  8,258
  8,629
  9,019
  9,431
  9,865
  10,321
  10,801
  11,307
  11,839
  12,398
Tax expense, $m
  983
  1,026
  1,053
  1,083
  1,116
  1,153
  1,193
  1,236
  1,282
  1,332
  1,481
  1,538
  1,598
  1,662
  1,731
  1,803
  1,879
  1,960
  2,045
  2,135
  2,230
  2,330
  2,435
  2,546
  2,663
  2,787
  2,916
  3,053
  3,196
  3,347
Net income, $m
  2,657
  2,774
  2,847
  2,928
  3,019
  3,118
  3,225
  3,342
  3,467
  3,601
  4,005
  4,158
  4,321
  4,495
  4,679
  4,874
  5,080
  5,298
  5,528
  5,772
  6,028
  6,299
  6,584
  6,885
  7,201
  7,534
  7,885
  8,254
  8,642
  9,051

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  12,931
  13,229
  13,569
  13,950
  14,373
  14,837
  15,343
  15,889
  16,479
  17,111
  17,788
  18,510
  19,278
  20,095
  20,962
  21,881
  22,853
  23,881
  24,968
  26,115
  27,326
  28,602
  29,948
  31,366
  32,859
  34,431
  36,086
  37,827
  39,659
  41,586
Adjusted assets (=assets-cash), $m
  12,931
  13,229
  13,569
  13,950
  14,373
  14,837
  15,343
  15,889
  16,479
  17,111
  17,788
  18,510
  19,278
  20,095
  20,962
  21,881
  22,853
  23,881
  24,968
  26,115
  27,326
  28,602
  29,948
  31,366
  32,859
  34,431
  36,086
  37,827
  39,659
  41,586
Revenue / Adjusted assets
  1.219
  1.219
  1.219
  1.219
  1.219
  1.219
  1.219
  1.219
  1.219
  1.219
  1.219
  1.219
  1.219
  1.219
  1.219
  1.219
  1.219
  1.219
  1.219
  1.219
  1.219
  1.219
  1.219
  1.219
  1.219
  1.219
  1.219
  1.219
  1.219
  1.219
Average production assets, $m
  7,598
  7,773
  7,972
  8,197
  8,445
  8,718
  9,015
  9,336
  9,682
  10,054
  10,451
  10,876
  11,327
  11,807
  12,316
  12,856
  13,428
  14,032
  14,670
  15,344
  16,055
  16,805
  17,596
  18,429
  19,306
  20,230
  21,203
  22,226
  23,302
  24,434
Working capital, $m
  16
  16
  17
  17
  18
  18
  19
  19
  20
  21
  22
  23
  24
  24
  26
  27
  28
  29
  30
  32
  33
  35
  37
  38
  40
  42
  44
  46
  48
  51
Total debt, $m
  5,479
  5,747
  6,053
  6,396
  6,777
  7,194
  7,649
  8,142
  8,672
  9,241
  9,850
  10,500
  11,191
  11,927
  12,707
  13,534
  14,409
  15,334
  16,312
  17,345
  18,434
  19,583
  20,794
  22,070
  23,414
  24,829
  26,318
  27,885
  29,534
  31,268
Total liabilities, $m
  11,638
  11,906
  12,212
  12,555
  12,936
  13,353
  13,808
  14,301
  14,831
  15,400
  16,009
  16,659
  17,350
  18,086
  18,866
  19,693
  20,568
  21,493
  22,471
  23,504
  24,593
  25,742
  26,953
  28,229
  29,573
  30,988
  32,477
  34,044
  35,693
  37,427
Total equity, $m
  1,293
  1,323
  1,357
  1,395
  1,437
  1,484
  1,534
  1,589
  1,648
  1,711
  1,779
  1,851
  1,928
  2,010
  2,096
  2,188
  2,285
  2,388
  2,497
  2,612
  2,733
  2,860
  2,995
  3,137
  3,286
  3,443
  3,609
  3,783
  3,966
  4,159
Total liabilities and equity, $m
  12,931
  13,229
  13,569
  13,950
  14,373
  14,837
  15,342
  15,890
  16,479
  17,111
  17,788
  18,510
  19,278
  20,096
  20,962
  21,881
  22,853
  23,881
  24,968
  26,116
  27,326
  28,602
  29,948
  31,366
  32,859
  34,431
  36,086
  37,827
  39,659
  41,586
Debt-to-equity ratio
  4.240
  4.340
  4.460
  4.590
  4.710
  4.850
  4.990
  5.120
  5.260
  5.400
  5.540
  5.670
  5.810
  5.940
  6.060
  6.190
  6.300
  6.420
  6.530
  6.640
  6.750
  6.850
  6.940
  7.040
  7.130
  7.210
  7.290
  7.370
  7.450
  7.520
Adjusted equity ratio
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  2,657
  2,774
  2,847
  2,928
  3,019
  3,118
  3,225
  3,342
  3,467
  3,601
  4,005
  4,158
  4,321
  4,495
  4,679
  4,874
  5,080
  5,298
  5,528
  5,772
  6,028
  6,299
  6,584
  6,885
  7,201
  7,534
  7,885
  8,254
  8,642
  9,051
Depreciation, amort., depletion, $m
  1,116
  1,133
  1,153
  1,176
  1,200
  1,228
  1,257
  1,289
  1,324
  1,361
  1,045
  1,088
  1,133
  1,181
  1,232
  1,286
  1,343
  1,403
  1,467
  1,534
  1,606
  1,681
  1,760
  1,843
  1,931
  2,023
  2,120
  2,223
  2,330
  2,443
Funds from operations, $m
  3,773
  3,907
  4,000
  4,104
  4,219
  4,345
  4,483
  4,631
  4,791
  4,963
  5,050
  5,246
  5,454
  5,676
  5,910
  6,159
  6,423
  6,701
  6,995
  7,306
  7,634
  7,979
  8,344
  8,728
  9,132
  9,557
  10,005
  10,477
  10,972
  11,494
Change in working capital, $m
  0
  0
  0
  0
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  2
  2
  2
  2
  2
  2
  2
  2
  2
Cash from operations, $m
  3,773
  3,906
  3,999
  4,103
  4,218
  4,345
  4,482
  4,630
  4,790
  4,962
  5,049
  5,245
  5,453
  5,675
  5,909
  6,158
  6,421
  6,700
  6,994
  7,305
  7,632
  7,978
  8,342
  8,726
  9,130
  9,555
  10,003
  10,474
  10,970
  11,492
Maintenance CAPEX, $m
  -745
  -760
  -777
  -797
  -820
  -845
  -872
  -901
  -934
  -968
  -1,005
  -1,045
  -1,088
  -1,133
  -1,181
  -1,232
  -1,286
  -1,343
  -1,403
  -1,467
  -1,534
  -1,606
  -1,681
  -1,760
  -1,843
  -1,931
  -2,023
  -2,120
  -2,223
  -2,330
New CAPEX, $m
  -152
  -175
  -200
  -224
  -248
  -273
  -297
  -321
  -346
  -372
  -398
  -424
  -452
  -480
  -509
  -540
  -571
  -604
  -638
  -674
  -711
  -750
  -791
  -833
  -877
  -924
  -972
  -1,023
  -1,076
  -1,132
Cash from investing activities, $m
  -897
  -935
  -977
  -1,021
  -1,068
  -1,118
  -1,169
  -1,222
  -1,280
  -1,340
  -1,403
  -1,469
  -1,540
  -1,613
  -1,690
  -1,772
  -1,857
  -1,947
  -2,041
  -2,141
  -2,245
  -2,356
  -2,472
  -2,593
  -2,720
  -2,855
  -2,995
  -3,143
  -3,299
  -3,462
Free cash flow, $m
  2,876
  2,972
  3,022
  3,082
  3,150
  3,227
  3,313
  3,408
  3,511
  3,622
  3,646
  3,776
  3,914
  4,062
  4,219
  4,387
  4,565
  4,753
  4,953
  5,164
  5,387
  5,622
  5,871
  6,133
  6,410
  6,701
  7,008
  7,331
  7,671
  8,029
Issuance/(repayment) of debt, $m
  -1,098
  268
  306
  344
  381
  418
  455
  492
  530
  569
  609
  650
  692
  735
  780
  827
  875
  925
  978
  1,032
  1,089
  1,149
  1,211
  1,276
  1,344
  1,415
  1,489
  1,567
  1,649
  1,734
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -1,098
  268
  306
  344
  381
  418
  455
  492
  530
  569
  609
  650
  692
  735
  780
  827
  875
  925
  978
  1,032
  1,089
  1,149
  1,211
  1,276
  1,344
  1,415
  1,489
  1,567
  1,649
  1,734
Total cash flow (excl. dividends), $m
  1,778
  3,239
  3,328
  3,425
  3,531
  3,645
  3,768
  3,900
  4,041
  4,191
  4,255
  4,425
  4,606
  4,797
  4,999
  5,214
  5,440
  5,678
  5,930
  6,196
  6,476
  6,771
  7,082
  7,409
  7,754
  8,116
  8,497
  8,898
  9,320
  9,763
Retained Cash Flow (-), $m
  -1,353
  -30
  -34
  -38
  -42
  -46
  -51
  -55
  -59
  -63
  -68
  -72
  -77
  -82
  -87
  -92
  -97
  -103
  -109
  -115
  -121
  -128
  -135
  -142
  -149
  -157
  -165
  -174
  -183
  -193
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  124
  126
  129
  132
  136
  140
  145
  150
  155
  161
  167
  173
  181
  188
  196
  204
  213
  223
  233
  243
  255
  266
  279
  292
  306
  320
  336
  352
  369
  387
Cash available for distribution, $m
  425
  3,210
  3,294
  3,387
  3,489
  3,599
  3,717
  3,845
  3,982
  4,128
  4,188
  4,353
  4,529
  4,715
  4,913
  5,122
  5,342
  5,576
  5,822
  6,081
  6,355
  6,644
  6,947
  7,267
  7,604
  7,959
  8,332
  8,724
  9,137
  9,571
Discount rate, %
  6.60
  6.93
  7.28
  7.64
  8.02
  8.42
  8.84
  9.29
  9.75
  10.24
  10.75
  11.29
  11.85
  12.45
  13.07
  13.72
  14.41
  15.13
  15.88
  16.68
  17.51
  18.39
  19.31
  20.27
  21.29
  22.35
  23.47
  24.64
  25.87
  27.17
PV of cash for distribution, $m
  398
  2,807
  2,668
  2,523
  2,372
  2,215
  2,054
  1,890
  1,723
  1,557
  1,362
  1,206
  1,056
  913
  779
  655
  542
  442
  354
  278
  214
  162
  120
  87
  61
  42
  28
  18
  12
  7
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Colgate-Palmolive Company (Colgate) is a consumer products company. The Company operates in two product segments: Oral, Personal and Home Care, and Pet Nutrition. The Oral, Personal and Home Care product segment is operated through five geographic segments, which include North America, Latin America, Europe, Asia Pacific and Africa/Eurasia. The Company's oral care products include Colgate Total, Colgate Sensitive Pro-Relief, Colgate Max Fresh and Colgate Optic White. The Company is also engaged in various product categories of the personal care market with operations in liquid hand soap, which it sells under the Palmolive, Protex and Softsoap brands. The Company manufactures and markets a range of products for the home care market, including Palmolive and Ajax dishwashing liquids, Fabuloso and Ajax household cleaners and Murphy's Oil Soap. The Company, through its Hill's Pet Nutrition segment (Hill's), manufactures pet nutrition products for dogs and cats.

FINANCIAL RATIOS  of  Colgate-Palmolive (CL)

Valuation Ratios
P/E Ratio 23.7
Price to Sales 3.8
Price to Book -238.1
Price to Tangible Book
Price to Cash Flow 18.4
Price to Free Cash Flow 22.7
Growth Rates
Sales Growth Rate -5.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -14.2%
Cap. Spend. - 3 Yr. Gr. Rate -2.4%
Financial Strength
Quick Ratio 103
Current Ratio 0.1
LT Debt to Equity -2683.1%
Total Debt to Equity -2688.5%
Interest Coverage 24
Management Effectiveness
Return On Assets 21.2%
Ret/ On Assets - 3 Yr. Avg. 16.4%
Return On Total Capital 38.9%
Ret/ On T. Cap. - 3 Yr. Avg. 29.3%
Return On Equity -900.7%
Return On Equity - 3 Yr. Avg. -149.1%
Asset Turnover 1.3
Profitability Ratios
Gross Margin 60.3%
Gross Margin - 3 Yr. Avg. 59.3%
EBITDA Margin 28.6%
EBITDA Margin - 3 Yr. Avg. 24.4%
Operating Margin 25.3%
Oper. Margin - 3 Yr. Avg. 21.1%
Pre-Tax Margin 24.6%
Pre-Tax Margin - 3 Yr. Avg. 20.8%
Net Profit Margin 16.1%
Net Profit Margin - 3 Yr. Avg. 12.4%
Effective Tax Rate 30.8%
Eff/ Tax Rate - 3 Yr. Avg. 36.2%
Payout Ratio 61.8%

CL stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CL stock intrinsic value calculation we used $15454 million for the last fiscal year's total revenue generated by Colgate-Palmolive. The default revenue input number comes from 2017 income statement of Colgate-Palmolive. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our CL stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 6.6%, whose default value for CL is calculated based on our internal credit rating of Colgate-Palmolive, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Colgate-Palmolive.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of CL stock the variable cost ratio is equal to 74.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for CL stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Colgate-Palmolive.

Corporate tax rate of 27% is the nominal tax rate for Colgate-Palmolive. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the CL stock is equal to 0.8%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for CL are equal to 48.2%.

Life of production assets of 10 years is the average useful life of capital assets used in Colgate-Palmolive operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for CL is equal to 0.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $-60 million for Colgate-Palmolive - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 878 million for Colgate-Palmolive is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Colgate-Palmolive at the current share price and the inputted number of shares is $57.5 billion.

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