Company Valuation: Reckitt Benckiser Group plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 45,305 41,183 38,697 33,184 40,356 28,935 - -
Change - -9.1% -6.04% -14.25% 21.61% -28.3% - -
Enterprise Value (EV) 1 53,683 49,167 45,987 41,098 46,914 37,199 37,042 36,620
Change - -8.41% -6.47% -10.63% 14.15% -20.71% -0.42% -1.14%
P/E ratio -1,409x 17.7x 23.7x 23.8x 13.4x 15.3x 13.5x 12x
PBR 6.12x 4.36x 4.6x 5.05x 5.5x 4.5x 4.3x 4.22x
PEG - -0x -0.8x -2.1x 0x -0.4x 1x 1x
Capitalization / Revenue 3.42x 2.85x 2.65x 2.34x 2.84x 2.28x 2.18x 2.1x
EV / Revenue 4.06x 3.4x 3.15x 2.9x 3.3x 2.92x 2.8x 2.66x
EV / EBITDA 16.3x 12.2x 12x 10.5x 11.8x 10.5x 9.79x 9.19x
EV / EBIT 18.7x 14.3x 13.6x 11.8x 13.2x 11.7x 11x 10.4x
EV / FCF 42.7x 24.2x 20.4x 18.4x 27.5x 19x 17.1x 15.3x
FCF Yield 2.34% 4.13% 4.91% 5.43% 3.64% 5.26% 5.85% 6.54%
Dividend per Share 2 1.819 1.909 2.005 2.105 2.122 2.171 2.287 2.387
Rate of return 2.75% 3.19% 3.55% 4.18% 3.39% 4.75% 5% 5.22%
EPS 2 -0.0469 3.382 2.382 2.117 4.672 2.995 3.396 3.804
Distribution rate -3,880% 56.5% 84.2% 99.5% 45.4% 72.5% 67.3% 62.8%
Net sales 1 13,234 14,453 14,607 14,169 14,205 12,718 13,249 13,787
EBITDA 1 3,300 4,046 3,817 3,911 3,979 3,551 3,784 3,986
EBIT 1 2,877 3,439 3,373 3,475 3,543 3,178 3,375 3,530
Net income 1 -32 2,330 1,643 1,426 3,182 1,872 2,118 2,368
Net Debt 1 8,378 7,984 7,290 7,914 6,558 8,264 8,107 7,684
Reference price 2 66.06 59.94 56.46 50.34 62.52 45.75 45.75 45.75
Nbr of stocks (in thousands) 6,85,791 6,87,099 6,85,413 6,59,158 6,45,485 6,40,445 - -
Announcement Date 17/02/22 01/03/23 28/02/24 06/03/25 05/03/26 - - -
1GBP in Million2GBP
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.28x2.95x10.58x4.75% 3.96TCr
25.33x3.86x16.51x1.32% 2.22TCr
17.24x2.36x12.81x5.61% 1.08TCr
13.43x1.58x8.85x4.24% 455.05Cr
16.09x1.93x11.67x9.39% 390.24Cr
34.17x4.23x23.09x - 275.41Cr
16.33x0.73x5.46x2.24% 266.22Cr
24.1x2.64x16.77x1.96% 88Cr
Average 20.25x 2.53x 13.22x 4.22% 1.09TCr
Weighted average by Cap. 18.73x 2.96x 12.62x 4.04%

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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