Company Valuation: Kraft Heinz

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 43,368 50,173 44,793 37,097 28,562 27,344 - -
Change - 15.69% -10.72% -17.18% -23.01% -4.26% - -
Enterprise Value (EV) 1 61,738 69,203 63,425 55,632 47,166 44,988 44,548 44,297
Change - 12.09% -8.35% -12.29% -15.22% -4.62% -0.98% -0.56%
P/E ratio 43.2x 21.4x 15.8x 13.6x -4.89x 11.2x 9.55x 8.96x
PBR 0.88x 1.02x 0.92x 0.75x - 0.64x 0.63x 0.63x
PEG - 0x 0.8x -6.28x 0x -0x 0.5x 1.34x
Capitalization / Revenue 1.67x 1.89x 1.68x 1.44x 1.15x 1.12x 1.11x 1.1x
EV / Revenue 2.37x 2.61x 2.38x 2.15x 1.89x 1.84x 1.81x 1.78x
EV / EBITDA 9.69x 11.5x 10.1x 8.82x 8.26x 8.96x 8.63x 8.45x
EV / EBIT 11.7x 14x 12.1x 10.4x 9.94x 11.3x 10.7x 10.4x
EV / FCF 13.8x 44.6x 21.4x 17.6x 12.9x 17.1x 15.4x 15x
FCF Yield 7.22% 2.24% 4.67% 5.68% 7.76% 5.85% 6.51% 6.68%
Dividend per Share 2 1.6 1.6 1.6 1.6 - 1.608 1.616 1.629
Rate of return 4.52% 3.91% 4.38% 5.22% - 6.97% 7.01% 7.07%
EPS 2 0.82 1.91 2.31 2.26 -4.93 2.055 2.414 2.575
Distribution rate 195% 83.8% 69.3% 70.8% - 78.2% 66.9% 63.3%
Net sales 1 26,042 26,485 26,640 25,846 24,942 24,450 24,626 24,848
EBITDA 1 6,371 6,003 6,307 6,308 5,713 5,021 5,160 5,242
EBIT 1 5,264 4,933 5,243 5,360 4,745 3,974 4,176 4,258
Net income 1 1,012 2,363 2,855 2,744 -5,846 2,417 2,696 2,960
Net Debt 1 18,370 19,030 18,632 18,535 18,604 17,645 17,204 16,953
Reference price 2 35.43 40.96 36.52 30.68 24.13 23.06 23.06 23.06
Nbr of stocks (in thousands) 12,24,042 12,24,930 12,26,539 12,09,175 11,83,656 11,85,762 - -
Announcement Date 16/02/22 15/02/23 14/02/24 12/02/25 11/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.22x1.84x8.96x6.97% 2.73TCr
19.97x2.89x14.18x3.97% 26TCr
20.13x2.42x14.23x3.52% 7.57TCr
18.17x1.85x10.42x3.35% 5.2TCr
25.03x3.69x15.06x2.82% 4.1TCr
16.71x0.48x9.87x2.97% 3.36TCr
35.05x3.04x16.92x1.03% 2.8TCr
73.11x10.61x47.33x1.12% 2.59TCr
15.01x0.41x10.28x2.35% 2.4TCr
Average 26.05x 3.02x 16.36x 3.12% 6.29TCr
Weighted average by Cap. 22.55x 2.85x 14.88x 3.51%

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

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  4. Valuation Kraft Heinz