Company Valuation: PepsiCo, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 239,843 255,191 235,666 212,201 196,596 197,459 - -
Change - 6.4% -7.65% -9.96% -7.35% 0.44% - -
Enterprise Value (EV) 1 274,189 288,914 269,768 247,241 236,248 235,784 235,042 233,823
Change - 5.37% -6.63% -8.35% -4.45% -0.2% -0.31% -0.52%
P/E 31.2x 28.5x 25.8x 22x 24x 17.8x 16.9x 16x
PBR 14.8x 14.7x 12.6x 11.6x 9.63x 8.27x 7.41x 6.77x
PEG - 1.7x 11.83x 3.7x -1.8x 0.5x 3.06x 2.85x
Capitalization / Revenue 3.02x 2.95x 2.58x 2.31x 2.09x 2x 1.94x 1.87x
EV / Revenue 3.45x 3.34x 2.95x 2.69x 2.52x 2.38x 2.31x 2.22x
EV / EBITDA 19.4x 19.1x 16x 13.8x 12.9x 12.2x 11.7x 11x
EV / EBIT 24x 23.4x 19.4x 16.8x 15.8x 14.8x 14.2x 13.5x
EV / FCF 39.2x 51.6x 34x 34.4x 30.8x 22.4x 20x 18.2x
FCF Yield 2.55% 1.94% 2.94% 2.91% 3.25% 4.47% 4.99% 5.48%
Dividend per Share 2 4.248 4.525 4.945 - 5.622 5.842 6.141 6.516
Rate of return 2.48% 2.47% 2.92% - 3.91% 4.04% 4.24% 4.5%
EPS 2 5.49 6.42 6.56 6.95 6 8.111 8.559 9.04
Distribution rate 77.4% 70.5% 75.4% - 93.7% 72% 71.8% 72.1%
Net sales 1 79,474 86,392 91,471 91,854 93,925 98,954 101,862 105,450
EBITDA 1 14,124 15,088 16,823 17,858 18,363 19,391 20,124 21,218
EBIT 1 11,414 12,325 13,875 14,698 14,912 15,896 16,519 17,333
Net income 1 7,618 8,910 9,074 9,578 8,240 10,813 11,432 12,113
Net Debt 1 34,346 33,723 34,102 35,040 39,652 38,325 37,583 36,365
Reference price 2 171.47 183.07 169.40 152.89 143.78 144.67 144.67 144.67
Nbr of stocks (in thousands) 1,398,745 1,393,956 1,391,178 1,387,929 1,367,340 1,364,892 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
17.84x2.38x12.16x4.04% 197B
21.51x2.39x13.21x2.34% 48.63B
16.71x1.54x7.6x3.78% 24.13B
26.66x0.76x9.63x1.86% 3.95B
14.01x1.9x8.24x4.9% 1.6B
13.06x1.4x7.81x3.34% 922M
Average 18.30x 1.73x 9.78x 3.38% 46.11B
Weighted average by Cap. 18.47x 2.28x 11.87x 3.69%

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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