Company Valuation: Danone

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 35,530 30,830 37,646 41,915 49,156 46,720 - -
Change - -13.23% 22.11% 11.34% 17.28% -4.96% - -
Enterprise Value (EV) 1 46,030 40,937 47,867 50,516 57,587 54,892 54,129 53,565
Change - -11.06% 16.93% 5.53% 14% -4.68% -1.39% -1.04%
P/E 18.6x 33.3x 45.1x 20.8x 27.2x 19.2x 17.8x 16.7x
PBR 2.02x 1.76x 2.33x 2.59x 2.93x 2.59x 2.45x 2.32x
PEG - -0.7x -3.7x 0x -2.75x 0.6x 2.25x 2.46x
Capitalization / Revenue 1.46x 1.11x 1.36x 1.53x 1.8x 1.66x 1.59x 1.53x
EV / Revenue 1.9x 1.48x 1.73x 1.85x 2.11x 1.95x 1.84x 1.76x
EV / EBITDA 10x 7.81x 9.4x 10.7x 11.5x 11x 10.3x 9.66x
EV / EBIT 13.8x 12.1x 13.8x 14.2x 15.7x 14.3x 13.2x 12.4x
EV / FCF 18.9x 19.6x 18.2x 16.8x 20.6x 20.3x 19.4x 18x
FCF Yield 5.28% 5.11% 5.5% 5.94% 4.86% 4.93% 5.15% 5.56%
Dividend per Share 2 1.94 2 2.1 2.15 2.25 2.334 2.503 2.675
Rate of return 3.55% 4.06% 3.58% 3.3% 2.93% 3.2% 3.43% 3.67%
EPS 2 2.94 1.48 1.3 3.13 2.82 3.793 4.093 4.371
Distribution rate 66% 135% 162% 68.7% 79.8% 61.5% 61.1% 61.2%
Net sales 1 24,281 27,661 27,619 27,376 27,283 28,094 29,355 30,459
EBITDA 1 4,602 5,240 5,092 4,726 5,020 4,980 5,268 5,543
EBIT 1 3,337 3,377 3,481 3,558 3,665 3,830 4,096 4,331
Net income 1 1,924 959 881 2,021 1,825 2,370 2,567 2,752
Net Debt 1 10,500 10,107 10,221 8,601 8,431 8,172 7,410 6,846
Reference price 2 54.59 49.23 58.68 65.12 76.78 72.98 72.98 72.98
Nbr of stocks (in thousands) 6,50,849 6,26,246 6,41,543 6,43,653 6,40,218 6,40,173 - -
Announcement Date 23/02/22 22/02/23 22/02/24 26/02/25 20/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
19.24x1.95x11.02x3.2% 5.35TCr
21.22x3.04x14.92x3.68% 27TCr
21.31x2.47x14.6x3.4% 7.83TCr
19.13x0.57x10.9x2.39% 4.14TCr
21.47x3.19x12.97x3.37% 3.48TCr
12.33x1.97x9.7x6.2% 3.07TCr
36.69x3.09x18.32x0.97% 3.05TCr
69.72x10.4x44.17x1.11% 2.86TCr
13.69x0.4x9.3x2.44% 2.31TCr
Average 26.09x 3.01x 16.21x 2.97% 6.6TCr
Weighted average by Cap. 23.30x 2.90x 15.23x 3.31%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield