Company Valuation: Danone

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 35,530 30,830 37,646 41,915 49,156 40,510 - -
Change - -13.23% 22.11% 11.34% 17.28% -17.59% - -
Enterprise Value (EV) 1 46,030 40,937 47,867 50,516 57,587 48,284 47,349 46,581
Change - -11.06% 16.93% 5.53% 14% -16.15% -1.94% -1.62%
P/E ratio 18.6x 33.3x 45.1x 20.8x 27.2x 16.8x 15.5x 14.4x
PBR 2.02x 1.76x 2.33x 2.59x 2.93x 2.24x 2.12x 1.97x
PEG - -0.7x -3.7x 0x -2.75x 0.5x 1.89x 1.92x
Capitalization / Revenue 1.46x 1.11x 1.36x 1.53x 1.8x 1.44x 1.39x 1.34x
EV / Revenue 1.9x 1.48x 1.73x 1.85x 2.11x 1.72x 1.62x 1.54x
EV / EBITDA 10x 7.81x 9.4x 10.7x 11.5x 9.72x 9.06x 8.44x
EV / EBIT 13.8x 12.1x 13.8x 14.2x 15.7x 12.6x 11.7x 10.9x
EV / FCF 18.9x 19.6x 18.2x 16.8x 20.6x 17.6x 17x 15.5x
FCF Yield 5.28% 5.11% 5.5% 5.94% 4.86% 5.69% 5.87% 6.44%
Dividend per Share 2 1.94 2 2.1 2.15 2.25 2.339 2.492 2.653
Rate of return 3.55% 4.06% 3.58% 3.3% 2.93% 3.7% 3.94% 4.19%
EPS 2 2.94 1.48 1.3 3.13 2.82 3.77 4.079 4.385
Distribution rate 66% 135% 162% 68.7% 79.8% 62% 61.1% 60.5%
Net sales 1 24,281 27,661 27,619 27,376 27,283 28,055 29,186 30,313
EBITDA 1 4,602 5,240 5,092 4,726 5,020 4,966 5,228 5,517
EBIT 1 3,337 3,377 3,481 3,558 3,665 3,824 4,062 4,290
Net income 1 1,924 959 881 2,021 1,825 2,389 2,572 2,774
Net Debt 1 10,500 10,107 10,221 8,601 8,431 7,774 6,839 6,071
Reference price 2 54.59 49.23 58.68 65.12 76.78 63.28 63.28 63.28
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 ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.78x1.72x9.72x3.7% 4.77TCr
19.27x2.82x13.84x4.05% 26TCr
21.72x2.48x14.54x3.37% 7.87TCr
23.38x3.44x13.98x3.08% 3.79TCr
17.05x0.53x10.16x2.67% 3.74TCr
86.26x12.54x56.01x0.95% 3.02TCr
37.01x3.22x17.93x0.96% 3.03TCr
11.26x1.86x9.18x6.78% 2.8TCr
14.22x0.4x9.27x2.31% 2.4TCr
35.42x0.71x18.03x0.71% 2.26TCr
Average 28.24x 2.97x 17.26x 2.86% 5.93TCr
Weighted average by Cap. 23.87x 2.87x 15.49x 3.4%

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