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 46,003 - -
Change - -13.23% 22.11% 11.34% 17.28% -6.41% - -
Enterprise Value (EV) 1 46,030 40,937 47,867 50,516 57,587 54,175 53,412 52,848
Change - -11.06% 16.93% 5.53% 14% -5.92% -1.41% -1.06%
P/E 18.6x 33.3x 45.1x 20.8x 27.2x 18.9x 17.6x 16.4x
PBR 2.02x 1.76x 2.33x 2.59x 2.93x 2.55x 2.41x 2.28x
PEG - -0.7x -3.7x 0x -2.75x 0.5x 2.23x 2.42x
Capitalization / Revenue 1.46x 1.11x 1.36x 1.53x 1.8x 1.64x 1.57x 1.51x
EV / Revenue 1.9x 1.48x 1.73x 1.85x 2.11x 1.93x 1.82x 1.74x
EV / EBITDA 10x 7.81x 9.4x 10.7x 11.5x 10.9x 10.1x 9.53x
EV / EBIT 13.8x 12.1x 13.8x 14.2x 15.7x 14.1x 13x 12.2x
EV / FCF 18.9x 19.6x 18.2x 16.8x 20.6x 20x 19.1x 17.7x
FCF Yield 5.28% 5.11% 5.5% 5.94% 4.86% 4.99% 5.22% 5.64%
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% 3.25% 3.48% 3.72%
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 28,088 29,348 30,459
EBITDA 1 4,602 5,240 5,092 4,726 5,020 4,978 5,267 5,543
EBIT 1 3,337 3,377 3,481 3,558 3,665 3,829 4,095 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 71.86 71.86 71.86
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.94x1.93x10.88x3.25% 5.26TCr
20.8x2.99x14.68x3.75% 27TCr
20.51x2.4x14.16x3.53% 7.54TCr
18.33x0.55x10.51x2.5% 3.97TCr
21.32x3.17x12.9x3.39% 3.45TCr
39.6x3.32x19.67x0.9% 3.3TCr
12.13x1.95x9.59x6.31% 3.02TCr
69.61x10.39x44.12x1.09% 2.86TCr
13.3x0.4x9.13x2.51% 2.25TCr
31.42x0.65x16.4x0.63% 2.03TCr
Average 26.60x 2.77x 16.20x 2.79% 6.04TCr
Weighted average by Cap. 23.45x 2.81x 15.17x 3.27%

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