Company Valuation: PepsiCo, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 239,843 255,191 235,666 212,201 196,596 194,149 - -
Change - 6.4% -7.65% -9.96% -7.35% -1.24% - -
Enterprise Value (EV) 1 274,189 288,914 269,768 247,241 236,248 232,415 231,611 230,965
Change - 5.37% -6.63% -8.35% -4.45% -1.62% -0.35% -0.28%
P/E 31.2x 28.5x 25.8x 22x 24x 17.4x 16.6x 15.7x
PBR 14.8x 14.7x 12.6x 11.6x 9.63x 8.1x 7.21x 6.58x
PEG - 1.7x 11.83x 3.7x -1.8x 0.5x 3.39x 2.78x
Capitalization / Revenue 3.02x 2.95x 2.58x 2.31x 2.09x 1.96x 1.9x 1.84x
EV / Revenue 3.45x 3.34x 2.95x 2.69x 2.52x 2.35x 2.27x 2.18x
EV / EBITDA 19.4x 19.1x 16x 13.8x 12.9x 11.9x 11.4x 10.7x
EV / EBIT 24x 23.4x 19.4x 16.8x 15.8x 14.5x 13.8x 13x
EV / FCF 39.2x 51.6x 34x 34.4x 30.8x 21x 19.7x 17.8x
FCF Yield 2.55% 1.94% 2.94% 2.91% 3.25% 4.77% 5.07% 5.62%
Dividend per Share 2 4.248 4.525 4.945 - - 5.87 6.178 6.526
Rate of return 2.48% 2.47% 2.92% - - 4.13% 4.35% 4.59%
EPS 2 5.49 6.42 6.56 6.95 6 8.178 8.578 9.063
Distribution rate 77.4% 70.5% 75.4% - - 71.8% 72% 72%
Net sales 1 79,474 86,392 91,471 91,854 93,925 99,005 102,109 105,783
EBITDA 1 14,124 15,088 16,823 17,858 18,363 19,541 20,381 21,563
EBIT 1 11,414 12,325 13,875 14,698 14,912 16,054 16,768 17,707
Net income 1 7,618 8,910 9,074 9,578 8,240 11,067 11,480 12,169
Net Debt 1 34,346 33,723 34,102 35,040 39,652 38,265 37,462 36,816
Reference price 2 171.47 183.07 169.40 152.89 143.78 142.05 142.05 142.05
Nbr of stocks (in thousands) 1,398,745 1,393,956 1,391,178 1,387,929 1,367,340 1,366,768 - -
Announcement Date 2/10/22 A 2/9/23 A 2/9/24 A 2/4/25 A 2/3/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.79x2.23x12.26x2.58% 43.29B
15.8x1.44x7.21x4.04% 22.48B
28.27x0.79x10.03x1.76% 4.09B
14.07x1.82x8.3x4.96% 1.53B
13.24x1.4x7.9x3.31% 905M
Average 18.23x 1.54x 9.14x 3.33% 14.46B
Weighted average by Cap. 18.82x 1.88x 10.43x 3.04%

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

-40%: Exceptional extension
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