Company Valuation: Danone

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 35,530 30,830 37,646 41,915 49,156 43,744 - -
Change - -13.23% 22.11% 11.34% 17.28% -11.01% - -
Enterprise Value (EV) 1 46,030 40,937 47,867 50,516 57,587 52,556 51,654 51,156
Change - -11.06% 16.93% 5.53% 14% -8.74% -1.72% -0.97%
P/E 18.6x 33.3x 45.1x 20.8x 27.2x 18.2x 16.6x 15.5x
PBR 2.02x 1.76x 2.33x 2.59x 2.93x 2.46x 2.33x 2.21x
PEG - -0.7x -3.7x 0x -2.75x 0.6x 1.6x 2.28x
Capitalization / Revenue 1.46x 1.11x 1.36x 1.53x 1.8x 1.55x 1.48x 1.43x
EV / Revenue 1.9x 1.48x 1.73x 1.85x 2.11x 1.86x 1.75x 1.67x
EV / EBITDA 10x 7.81x 9.4x 10.7x 11.5x 10.6x 9.81x 9.25x
EV / EBIT 13.8x 12.1x 13.8x 14.2x 15.7x 13.7x 12.6x 11.8x
EV / FCF 18.9x 19.6x 18.2x 16.8x 20.6x 21.3x 18.4x 17.3x
FCF Yield 5.28% 5.11% 5.5% 5.94% 4.86% 4.7% 5.44% 5.78%
Dividend per Share 2 1.94 2 2.1 2.15 2.25 2.353 2.497 2.667
Rate of return 3.55% 4.06% 3.58% 3.3% 2.93% 3.46% 3.67% 3.92%
EPS 2 2.94 1.48 1.3 3.13 2.82 3.726 4.102 4.38
Distribution rate 66% 135% 162% 68.7% 79.8% 63.1% 60.9% 60.9%
Net sales 1 24,281 27,661 27,619 27,376 27,283 28,192 29,484 30,600
EBITDA 1 4,602 5,240 5,092 4,726 5,020 4,975 5,268 5,528
EBIT 1 3,337 3,377 3,481 3,558 3,665 3,848 4,102 4,331
Net income 1 1,924 959 881 2,021 1,825 2,358 2,594 2,769
Net Debt 1 10,500 10,107 10,221 8,601 8,431 8,812 7,910 7,411
Reference price 2 54.59 49.23 58.68 65.12 76.78 68.00 68.00 68.00
Nbr of stocks (in thousands) 650,849 626,246 641,543 643,653 640,218 643,298 - -
Announcement Date 2/23/22 A 2/22/23 A 2/22/24 A 2/26/25 A 2/20/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.94x2.88x14.35x3.89% 256B
19.61x2.47x14.71x3.34% 78.53B
18.25x1.86x10.56x3.46% 50.53B
14.91x0.55x9.96x2.57% 38.79B
22.13x3.34x13.51x3.16% 36.72B
36.88x3.11x18.15x0.97% 31.67B
70.66x10.84x44.96x1.08% 30.81B
100.47x1.89x9.41x6.43% 29.56B
Average 37.98x 3.37x 16.95x 3.11% 69.11B
Weighted average by Cap. 28.10x 3.00x 15.35x 3.44%

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