Company Valuation: PepsiCo, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,39,843 2,55,191 2,35,666 2,12,201 1,96,596 1,84,875 - -
Change - 6.4% -7.65% -9.96% -7.35% -5.96% - -
Enterprise Value (EV) 1 2,74,189 2,88,914 2,69,768 2,47,241 2,36,248 2,23,200 2,22,457 2,21,239
Change - 5.37% -6.63% -8.35% -4.45% -5.52% -0.33% -0.55%
P/E 31.2x 28.5x 25.8x 22x 24x 16.7x 15.8x 14.9x
PBR 14.8x 14.7x 12.6x 11.6x 9.63x 7.74x 6.94x 6.34x
PEG - 1.7x 11.83x 3.7x -1.8x 0.5x 2.83x 2.53x
Capitalization / Revenue 3.02x 2.95x 2.58x 2.31x 2.09x 1.87x 1.81x 1.75x
EV / Revenue 3.45x 3.34x 2.95x 2.69x 2.52x 2.26x 2.18x 2.1x
EV / EBITDA 19.4x 19.1x 16x 13.8x 12.9x 11.5x 11x 10.4x
EV / EBIT 24x 23.4x 19.4x 16.8x 15.8x 14x 13.5x 12.7x
EV / FCF 39.2x 51.6x 34x 34.4x 30.8x 20.6x 18.7x 17.1x
FCF Yield 2.55% 1.94% 2.94% 2.91% 3.25% 4.85% 5.34% 5.86%
Dividend per Share 2 4.248 4.525 4.945 - 5.622 5.842 6.141 6.516
Rate of return 2.48% 2.47% 2.92% - 3.91% 4.31% 4.53% 4.81%
EPS 2 5.49 6.42 6.56 6.95 6 8.127 8.58 9.084
Distribution rate 77.4% 70.5% 75.4% - 93.7% 71.9% 71.6% 71.7%
Net sales 1 79,474 86,392 91,471 91,854 93,925 98,954 1,01,886 1,05,482
EBITDA 1 14,124 15,088 16,823 17,858 18,363 19,401 20,145 21,262
EBIT 1 11,414 12,325 13,875 14,698 14,912 15,894 16,538 17,375
Net income 1 7,618 8,910 9,074 9,578 8,240 10,840 11,473 12,184
Net Debt 1 34,346 33,723 34,102 35,040 39,652 38,325 37,583 36,365
Reference price 2 171.47 183.07 169.40 152.89 143.78 135.45 135.45 135.45
Nbr of stocks (in thousands) 13,98,745 13,93,956 13,91,178 13,87,929 13,67,340 13,64,892 - -
Announcement Date 10/02/22 09/02/23 09/02/24 04/02/25 03/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.35x2.36x12.94x2.39% 4.7TCr
15.39x1.4x7.02x4.19% 2.17TCr
29.52x0.83x10.45x1.69% 426.44Cr
14.37x1.9x8.55x4.82% 157.33Cr
13.63x1.44x8.13x3.21% 95Cr
Average 18.85x 1.59x 9.42x 3.26% 1.51TCr
Weighted average by Cap. 19.86x 1.98x 10.94x 2.93%

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