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 43,255 - -
Change - -13.23% 22.11% 11.34% 17.28% -12% - -
Enterprise Value (EV) 1 46,030 40,937 47,867 50,516 57,587 52,067 51,165 50,667
Change - -11.06% 16.93% 5.53% 14% -9.58% -1.73% -0.97%
P/E 18.6x 33.3x 45.1x 20.8x 27.2x 18x 16.4x 15.4x
PBR 2.02x 1.76x 2.33x 2.59x 2.93x 2.44x 2.3x 2.19x
PEG - -0.7x -3.7x 0x -2.75x 0.6x 1.6x 2.27x
Capitalization / Revenue 1.46x 1.11x 1.36x 1.53x 1.8x 1.53x 1.47x 1.41x
EV / Revenue 1.9x 1.48x 1.73x 1.85x 2.11x 1.85x 1.74x 1.66x
EV / EBITDA 10x 7.81x 9.4x 10.7x 11.5x 10.5x 9.71x 9.17x
EV / EBIT 13.8x 12.1x 13.8x 14.2x 15.7x 13.5x 12.5x 11.7x
EV / FCF 18.9x 19.6x 18.2x 16.8x 20.6x 21.1x 18.2x 17.1x
FCF Yield 5.28% 5.11% 5.5% 5.94% 4.86% 4.74% 5.49% 5.84%
Dividend per Share 2 1.94 2 2.1 2.15 2.25 2.353 2.497 2.667
Rate of return 3.55% 4.06% 3.58% 3.3% 2.93% 3.5% 3.71% 3.97%
EPS 2 2.94 1.48 1.3 3.13 2.82 3.726 4.102 4.38
Distribution rate 66% 135% 162% 68.7% 79.8% 63.1% 60.9% 60.9%
Net sales 1 24,281 27,661 27,619 27,376 27,283 28,192 29,484 30,600
EBITDA 1 4,602 5,240 5,092 4,726 5,020 4,975 5,268 5,528
EBIT 1 3,337 3,377 3,481 3,558 3,665 3,848 4,102 4,331
Net income 1 1,924 959 881 2,021 1,825 2,358 2,594 2,769
Net Debt 1 10,500 10,107 10,221 8,601 8,431 8,812 7,910 7,411
Reference price 2 54.59 49.23 58.68 65.12 76.78 67.24 67.24 67.24
Nbr of stocks (in thousands) 6,50,849 6,26,246 6,41,543 6,43,653 6,40,218 6,43,298 - -
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.($)
18.05x1.85x10.46x3.5% 5.01TCr
21.04x2.89x14.41x3.87% 26TCr
20.27x2.53x15.11x3.24% 8.12TCr
14.9x0.55x9.88x2.59% 3.88TCr
22.3x3.37x13.63x3.13% 3.7TCr
38.65x3.29x19.18x0.92% 3.34TCr
69.55x10.67x44.25x1.1% 3.03TCr
102.81x1.92x9.54x6.28% 3.03TCr
11.59x0.38x8.62x2.53% 2.18TCr
Average 35.46x 3.05x 16.12x 3.02% 6.44TCr
Weighted average by Cap. 27.80x 2.91x 15.17x 3.38%

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