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Highlights:
- CSL share price opened 0.31% lower to AU$293.13 apiece on Wednesday (7 September 2022).
- Market capitalisation of CSL is AU$141.74 billion.
- In financial year 2022, the company’s total income surged by 3%.
Share price of ASX-listed biotechnology company, CSL Limited (ASX:CSL) has opened in red today (7 September) despite no price-sensitive news shared by the company. It seems like CSL is following the price movement of the broader benchmark index, ASX 200 (INDEXASX:XJO), which has fallen by 1.13% to 6,749.70 points (at 10:41 AM AEST).
At 10:20 AM AEST, CSL shares were spotted trading 0.31% down at AU$293.13 per share with the market capitalisation of AU$141.74 billion.
Performance of CSL shares in past
Excluding today’s price movement, CSL shares have recorded a rise of 1.03% in the last five trading sessions. In one month, the share price has dropped by 0.55%, and in six months, it has surged by 17.76%. The yearly fall is 5.24%, and on a year-to-date basis, the share price has dipped by 0.67%.
When the company released its full-year results for the financial year 2022 (FY22), the share price dropped from AU$296.40 (on 16 August) to AU$292.50 per share (on 17 August 2022).
Financial results of CSL
CSL posted a 3% rise in its total income over the previous year to US$10,562 million. Earnings before interest, tax, depreciation & amortisation (EBITDA) declined by 5% to US$3,596 million. Net profit after tax dipped by 6% to US$2,255 million.
Looking at the company's cash flow statement, cash and cash equivalent at the end of FY22 were US$10,334.4 million, increased from US$1,730.1 million in FY21. The company have enough cash to full fill its liabilities, which stood at US$7,108 million (as of 30 June 2022).
Despite reporting a fall in EBITDA and net profit after tax, the company had sustained its full-year dividend of AU$2.22 apiece. The expected payment date is 5 October 2022.
Worth mentioning here is that, yesterday, CSL had gone ex-dividend on its final dividend; still, the shares were trading in green during the early trading hours. Generally, on the ex-dividend date, the share price falls because on and after that date, the new shareholders will not be eligible to get dividend payments.
How are CSL shares faring lately?
As the company entered the 2022 calendar year, CSL shares recorded a significant drop at the beginning of the year. 52-week low of AU$240.100 per share was recorded in February 2022, and 52 week high of AU$319.780 apiece was recorded in November 2021.
After 30 June 2022 (the beginning of next financial year), a rebound in CSL shares was observed as they are now hovering under the AU$300 mark.
