Company Valuation: PepsiCo, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 239,843 255,191 235,666 212,201 196,596 187,154 - -
Change - 6.4% -7.65% -9.96% -7.35% -4.8% - -
Enterprise Value (EV) 1 274,189 288,914 269,768 247,241 236,248 225,479 224,737 223,518
Change - 5.37% -6.63% -8.35% -4.45% -4.56% -0.33% -0.54%
P/E 31.2x 28.5x 25.8x 22x 24x 16.9x 16x 15.1x
PBR 14.8x 14.7x 12.6x 11.6x 9.63x 7.84x 7.02x 6.41x
PEG - 1.7x 11.83x 3.7x -1.8x 0.5x 2.87x 2.57x
Capitalization / Revenue 3.02x 2.95x 2.58x 2.31x 2.09x 1.89x 1.84x 1.77x
EV / Revenue 3.45x 3.34x 2.95x 2.69x 2.52x 2.28x 2.21x 2.12x
EV / EBITDA 19.4x 19.1x 16x 13.8x 12.9x 11.6x 11.2x 10.5x
EV / EBIT 24x 23.4x 19.4x 16.8x 15.8x 14.2x 13.6x 12.9x
EV / FCF 39.2x 51.6x 34x 34.4x 30.8x 20.9x 18.9x 17.2x
FCF Yield 2.55% 1.94% 2.94% 2.91% 3.25% 4.8% 5.28% 5.8%
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% 4.26% 4.48% 4.75%
EPS 2 5.49 6.42 6.56 6.95 6 8.127 8.58 9.084
Distribution rate 77.4% 70.5% 75.4% - 93.7% 71.9% 71.6% 71.7%
Net sales 1 79,474 86,392 91,471 91,854 93,925 98,954 101,886 105,482
EBITDA 1 14,124 15,088 16,823 17,858 18,363 19,401 20,145 21,262
EBIT 1 11,414 12,325 13,875 14,698 14,912 15,894 16,538 17,375
Net income 1 7,618 8,910 9,074 9,578 8,240 10,840 11,473 12,184
Net Debt 1 34,346 33,723 34,102 35,040 39,652 38,325 37,583 36,365
Reference price 2 171.47 183.07 169.40 152.89 143.78 137.12 137.12 137.12
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.($)
21.42x2.37x12.97x2.38% 47.09B
15.39x1.4x7x4.19% 21.69B
29.79x0.83x10.55x1.66% 4.31B
14.29x1.89x8.41x4.83% 1.55B
14.03x1.49x8.37x3.12% 978M
Average 18.98x 1.60x 9.46x 3.24% 15.13B
Weighted average by Cap. 19.93x 1.98x 10.97x 2.92%

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