Company Valuation: PepsiCo, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 2,39,843 2,55,191 2,35,666 2,12,201 1,96,596 2,13,612 - -
Change - 6.4% -7.65% -9.96% -7.35% 8.66% - -
Enterprise Value (EV) 1 2,74,189 2,88,914 2,69,768 2,47,241 2,36,248 2,51,870 2,51,055 2,50,355
Change - 5.37% -6.63% -8.35% -4.45% 6.61% -0.32% -0.28%
P/E ratio 31.2x 28.5x 25.8x 22x 24x 19.2x 18.2x 17.2x
PBR 14.8x 14.7x 12.6x 11.6x 9.63x 8.91x 7.92x 7.2x
PEG - 1.7x 11.83x 3.7x -1.8x 0.5x 3.07x 3.22x
Capitalization / Revenue 3.02x 2.95x 2.58x 2.31x 2.09x 2.16x 2.09x 2.02x
EV / Revenue 3.45x 3.34x 2.95x 2.69x 2.52x 2.55x 2.46x 2.37x
EV / EBITDA 19.4x 19.1x 16x 13.8x 12.9x 12.9x 12.3x 11.6x
EV / EBIT 24x 23.4x 19.4x 16.8x 15.8x 15.7x 14.9x 14x
EV / FCF 39.2x 51.6x 34x 34.4x 30.8x 22.7x 21.3x 19.3x
FCF Yield 2.55% 1.94% 2.94% 2.91% 3.25% 4.41% 4.7% 5.18%
Dividend per Share 2 4.248 4.525 4.945 - - 5.872 6.181 6.536
Rate of return 2.48% 2.47% 2.92% - - 3.76% 3.95% 4.18%
EPS 2 5.49 6.42 6.56 6.95 6 8.123 8.605 9.064
Distribution rate 77.4% 70.5% 75.4% - - 72.3% 71.8% 72.1%
Net sales 1 79,474 86,392 91,471 91,854 93,925 98,929 1,02,037 1,05,791
EBITDA 1 14,124 15,088 16,823 17,858 18,363 19,529 20,423 21,648
EBIT 1 11,414 12,325 13,875 14,698 14,912 16,075 16,848 17,894
Net income 1 7,618 8,910 9,074 9,578 8,240 10,962 11,493 12,096
Net Debt 1 34,346 33,723 34,102 35,040 39,652 38,258 37,443 36,743
Reference price 2 171.47 183.07 169.40 152.89 143.78 156.29 156.29 156.29
Nbr of stocks (in thousands) 13,98,745 13,93,956 13,91,178 13,87,929 13,67,340 13,66,768 - -
Announcement Date 10/02/22 09/02/23 09/02/24 04/02/25 03/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.24x2.55x12.9x3.76% 21TCr
18.5x2.11x11.63x2.76% 4.18TCr
15.6x1.43x7.19x4.08% 2.23TCr
23.38x0.68x8.53x2.11% 353.49Cr
12.37x1.54x7.11x6.15% 135.66Cr
13.26x1.41x7.94x3.29% 94Cr
Average 17.06x 1.62x 9.22x 3.69% 4.73TCr
Weighted average by Cap. 18.84x 2.36x 12.16x 3.62%

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 PepsiCo, Inc.