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 43,435 - -
Change - -13.23% 22.11% 11.34% 17.28% -11.64% - -
Enterprise Value (EV) 1 46,030 40,937 47,867 50,516 57,587 52,004 51,131 50,646
Change - -11.06% 16.93% 5.53% 14% -9.7% -1.68% -0.95%
P/E 18.6x 33.3x 45.1x 20.8x 27.2x 18.1x 16.5x 15.4x
PBR 2.02x 1.76x 2.33x 2.59x 2.93x 2.44x 2.31x 2.19x
PEG - -0.7x -3.7x 0x -2.75x 0.6x 1.68x 2.16x
Capitalization / Revenue 1.46x 1.11x 1.36x 1.53x 1.8x 1.54x 1.47x 1.42x
EV / Revenue 1.9x 1.48x 1.73x 1.85x 2.11x 1.85x 1.73x 1.66x
EV / EBITDA 10x 7.81x 9.4x 10.7x 11.5x 10.5x 9.71x 9.17x
EV / EBIT 13.8x 12.1x 13.8x 14.2x 15.7x 13.5x 12.5x 11.7x
EV / FCF 18.9x 19.6x 18.2x 16.8x 20.6x 21.1x 18.2x 17.1x
FCF Yield 5.28% 5.11% 5.5% 5.94% 4.86% 4.75% 5.49% 5.84%
Dividend per Share 2 1.94 2 2.1 2.15 2.25 2.351 2.496 2.666
Rate of return 3.55% 4.06% 3.58% 3.3% 2.93% 3.48% 3.7% 3.95%
EPS 2 2.94 1.48 1.3 3.13 2.82 3.722 4.088 4.379
Distribution rate 66% 135% 162% 68.7% 79.8% 63.2% 61.1% 60.9%
Net sales 1 24,281 27,661 27,619 27,376 27,283 28,181 29,473 30,590
EBITDA 1 4,602 5,240 5,092 4,726 5,020 4,974 5,267 5,525
EBIT 1 3,337 3,377 3,481 3,558 3,665 3,845 4,100 4,328
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 8,568 7,696 7,211
Reference price 2 54.59 49.23 58.68 65.12 76.78 67.52 67.52 67.52
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.17x2.93x14.48x3.81% 263B
20.1x2.52x14.96x3.27% 80.51B
16.83x0.54x10.17x2.56% 38.85B
22.06x3.27x13.19x3.24% 35.95B
12.57x2x9.8x6.08% 31.28B
70.63x10.81x44.82x1.08% 30.71B
34.18x2.9x17.15x1.04% 28.97B
33.39x0.68x17.21x0.59% 21.54B
Average 28.87x 3.21x 17.72x 2.71% 66.31B
Weighted average by Cap. 24.31x 3.02x 15.89x 3.29%

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