Company Valuation: PepsiCo, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 2,03,023 2,41,088 2,53,351 2,35,652 2,12,201 2,02,967 2,02,967 -
Change - 18.75% 5.09% -6.99% -9.95% -4.35% 0% -
Enterprise Value (EV) 1 2,37,622 2,75,434 2,87,074 2,69,754 2,47,241 2,42,417 2,42,635 2,42,813
Change - 15.91% 4.23% -6.03% -8.35% -1.95% 0.09% 0.07%
P/E ratio 28.7x 31.4x 28.3x 25.8x 22x 23.4x 18.7x 17.5x
PBR 15.1x 14.9x 14.6x 12.6x 11.6x 9.83x 8.66x 7.82x
PEG - 4.35x 1.7x 11.83x 3.7x -2.4x 0.7x 2.55x
Capitalization / Revenue 2.89x 3.03x 2.93x 2.58x 2.31x 2.17x 2.09x 2.03x
EV / Revenue 3.38x 3.47x 3.32x 2.95x 2.69x 2.6x 2.5x 2.43x
EV / EBITDA 18.2x 19.5x 19x 16x 13.8x 13.4x 12.6x 11.9x
EV / EBIT 22.6x 24.1x 23.3x 19.4x 16.8x 16.4x 15.3x 14.5x
EV / FCF 37.3x 39.4x 51.2x 34x 34.4x 26.5x 23.4x 20.2x
FCF Yield 2.68% 2.54% 1.95% 2.94% 2.91% 3.77% 4.27% 4.95%
Dividend per Share 2 4.022 4.248 4.525 4.945 - 5.61 5.899 6.219
Rate of return 2.74% 2.46% 2.49% 2.92% - 3.82% 4.02% 4.24%
EPS 2 5.12 5.49 6.42 6.56 6.95 6.273 7.862 8.403
Distribution rate 78.6% 77.4% 70.5% 75.4% - 89.4% 75% 74%
Net sales 1 70,372 79,474 86,392 91,471 91,854 93,412 96,926 99,998
EBITDA 1 13,079 14,124 15,088 16,823 17,858 18,150 19,292 20,368
EBIT 1 10,531 11,414 12,325 13,875 14,698 14,810 15,868 16,755
Net income 1 7,120 7,618 8,910 9,074 9,578 8,683 10,424 11,368
Net Debt 1 34,599 34,346 33,723 34,102 35,040 39,450 39,668 39,846
Reference price 2 146.91 172.36 181.75 169.39 152.89 146.74 146.74 146.74
Nbr of stocks (in thousands) 13,81,956 13,98,745 13,93,956 13,91,178 13,87,929 13,83,174 13,83,174 -
Announcement Date 11/02/21 10/02/22 09/02/23 09/02/24 04/02/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.54x2.61x13.43x3.8% 20TCr
18.86x2.11x11.87x2.7% 4.03TCr
16.62x1.46x7.47x3.77% 2.1TCr
-12.06x0.71x-165.99x1.7% 360.54Cr
14.26x1.92x8.9x6.51% 166.42Cr
14.74x1.45x8.27x2.89% 95Cr
Average 12.66x 1.71x -19.34x 3.56% 4.53TCr
Weighted average by Cap. 21.75x 2.41x 10.31x 3.62%
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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.