Company Valuation: Ecolab Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 67,226 41,460 56,557 66,350 74,355 80,883 - -
Change - -38.33% 36.42% 17.32% 12.06% 8.78% - -
Enterprise Value (EV) 1 75,624 49,441 63,820 72,659 81,945 92,682 91,394 90,462
Change - -34.62% 29.08% 13.85% 12.78% 13.1% -1.39% -1.02%
P/E 60x 38.2x 41.4x 31.8x 36.1x 37.9x 30.9x 26.8x
PBR 9.3x 5.77x 7.06x 7.67x 7.58x 7.48x 6.46x 5.77x
PEG - -14.94x 1.6x 0.6x -29.56x 8.27x 1.4x 1.7x
Capitalization / Revenue 5.28x 2.92x 3.69x 4.22x 4.62x 4.51x 4.18x 3.93x
EV / Revenue 5.94x 3.48x 4.17x 4.62x 5.1x 5.17x 4.73x 4.4x
EV / EBITDA 28.6x 18.2x 20.9x 20.4x 21.1x 21x 18.4x 16.8x
EV / EBIT 42x 27.9x 30x 27.7x 28.3x 28.2x 23.9x 21.4x
EV / FCF 53.3x 46x 39x 39.9x 43x 49.7x 39.6x 34.5x
FCF Yield 1.88% 2.18% 2.57% 2.5% 2.32% 2.01% 2.53% 2.9%
Dividend per Share 2 1.95 2.06 2.16 2.36 2.68 2.941 3.125 3.349
Rate of return 0.83% 1.42% 1.09% 1.01% 1.02% 1.02% 1.08% 1.16%
EPS 2 3.91 3.81 4.79 7.37 7.28 7.614 9.329 10.77
Distribution rate 49.9% 54.1% 45.1% 32% 36.8% 38.6% 33.5% 31.1%
Net sales 1 12,733 14,188 15,320 15,741 16,081 17,924 19,342 20,558
EBITDA 1 2,642 2,712 3,050 3,554 3,877 4,419 4,957 5,387
EBIT 1 1,799 1,773 2,126 2,619 2,901 3,281 3,828 4,237
Net income 1 1,130 1,092 1,372 2,112 2,076 2,174 2,630 3,021
Net Debt 1 8,398 7,982 7,262 6,308 7,590 11,799 10,511 9,579
Reference price 2 234.59 145.56 198.35 234.32 262.52 288.53 288.53 288.53
Nbr of stocks (in thousands) 2,86,567 2,84,828 2,85,140 2,83,162 2,83,236 2,80,329 - -
Announcement Date 15/02/22 14/02/23 13/02/24 11/02/25 10/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
37.9x5.17x20.97x1.02% 8.09TCr
34.35x5.21x22.22x1.86% 4.47TCr
24.48x2.9x15.1x2.14% 3.5TCr
15.41x1.6x8.86x2.72% 3.38TCr
40.71x7.33x19.45x1.51% 3.36TCr
14.45x1.38x8.55x2.21% 2.58TCr
40.88x10.06x30.47x2.17% 2.48TCr
25.64x2.77x11.24x1.76% 1.84TCr
7.75x2.17x4.32x3.36% 1.63TCr
26.56x3.12x14.32x1.28% 1.56TCr
Average 26.81x 4.17x 15.55x 2% 3.29TCr
Weighted average by Cap. 29.63x 4.48x 17.17x 1.83%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Ecolab Inc.

Historical PBR trend

Valuation ratios - PBR - Ecolab Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Ecolab Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Ecolab Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Ecolab Inc.
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