Company Valuation: Beiersdorf

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 20,500 24,315 30,779 27,803 20,477 16,455 - -
Change - 18.61% 26.59% -9.67% -26.35% -19.64% - -
Enterprise Value (EV) 1 18,724 19,838 26,159 23,237 16,389 12,184 11,945 11,271
Change - 5.95% 31.86% -11.17% -29.47% -25.66% -1.97% -5.64%
P/E ratio 32.2x 32.2x 41.9x 30.6x 22x 17.2x 15.8x 14.9x
PBR 2.98x 3.12x 3.7x 3.29x 2.63x 1.83x 1.7x 1.56x
PEG - 1.7x -15.5x 1.2x 4.46x 5.77x 1.78x 2.6x
Capitalization / Revenue 2.69x 2.76x 3.26x 2.82x 2.08x 1.67x 1.6x 1.55x
EV / Revenue 2.45x 2.25x 2.77x 2.36x 1.66x 1.23x 1.16x 1.06x
EV / EBITDA 14.6x 13.7x 15.2x 13.5x 9.61x 7.24x 6.81x 6.17x
EV / EBIT 18.9x 17.1x 20.6x 17x 11.9x 9.1x 8.46x 7.66x
EV / FCF 32.3x 50.2x 43.6x 21x 18x 14.7x 13.2x 11.7x
FCF Yield 3.1% 1.99% 2.29% 4.76% 5.57% 6.82% 7.6% 8.54%
Dividend per Share 2 0.7 0.7 1 1 1 1.023 1.049 1.086
Rate of return 0.77% 0.65% 0.74% 0.81% 1.07% 1.36% 1.39% 1.44%
EPS 2 2.81 3.33 3.24 4.05 4.25 4.377 4.766 5.039
Distribution rate 24.9% 21% 30.9% 24.7% 23.5% 23.4% 22% 21.6%
Net sales 1 7,627 8,799 9,447 9,850 9,852 9,874 10,257 10,594
EBITDA 1 1,280 1,445 1,717 1,727 1,706 1,682 1,753 1,827
EBIT 1 993 1,158 1,268 1,370 1,378 1,340 1,411 1,472
Net income 1 638 755 736 912 939 935.2 1,007 1,056
Net Debt 1 -1,776 -4,477 -4,620 -4,566 -4,088 -4,271 -4,510 -5,184
Reference price 2 90.38 107.20 135.70 124.00 93.68 75.30 75.30 75.30
Nbr of stocks (in thousands) 226,819 226,819 226,819 224,216 218,584 218,524 - -
Announcement Date 3/1/22 A 3/1/23 A 2/29/24 A 2/27/25 A 3/3/26 A - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.2x1.23x7.24x1.36% 19.32B
21.09x4.19x15.08x2.94% 337B
16.64x2.56x11.28x3.92% 127B
22.88x3.5x14.51x2.59% 67.67B
48.59x8.58x36.87x2.17% 59.89B
18.51x2.63x11.31x4.9% 33.31B
51.51x2.22x14.17x1.94% 26.29B
13.59x1.42x7.79x3.71% 18.3B
52.52x7.31x35.81x1.21% 11.86B
31.28x5.87x22.9x0.83% 9.92B
Average 29.38x 3.95x 17.70x 2.56% 71.08B
Weighted average by Cap. 24.16x 3.98x 16.03x 2.99%

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