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 46,169 - -
Change - -13.23% 22.11% 11.34% 17.28% -6.08% - -
Enterprise Value (EV) 1 46,030 40,937 47,867 50,516 57,587 53,869 53,030 52,281
Change - -11.06% 16.93% 5.53% 14% -6.46% -1.56% -1.41%
P/E 18.6x 33.3x 45.1x 20.8x 27.2x 19.1x 17.8x 16.6x
PBR 2.02x 1.76x 2.33x 2.59x 2.93x 2.53x 2.38x 2.23x
PEG - -0.7x -3.7x 0x -2.75x 0.6x 2.41x 2.34x
Capitalization / Revenue 1.46x 1.11x 1.36x 1.53x 1.8x 1.64x 1.58x 1.52x
EV / Revenue 1.9x 1.48x 1.73x 1.85x 2.11x 1.92x 1.82x 1.73x
EV / EBITDA 10x 7.81x 9.4x 10.7x 11.5x 10.8x 10.1x 9.46x
EV / EBIT 13.8x 12.1x 13.8x 14.2x 15.7x 14x 13x 12.1x
EV / FCF 18.9x 19.6x 18.2x 16.8x 20.6x 20.1x 18.9x 17.4x
FCF Yield 5.28% 5.11% 5.5% 5.94% 4.86% 4.97% 5.29% 5.74%
Dividend per Share 2 1.94 2 2.1 2.15 2.25 2.341 2.495 2.668
Rate of return 3.55% 4.06% 3.58% 3.3% 2.93% 3.25% 3.46% 3.7%
EPS 2 2.94 1.48 1.3 3.13 2.82 3.778 4.056 4.344
Distribution rate 66% 135% 162% 68.7% 79.8% 62% 61.5% 61.4%
Net sales 1 24,281 27,661 27,619 27,376 27,283 28,069 29,164 30,306
EBITDA 1 4,602 5,240 5,092 4,726 5,020 4,980 5,251 5,524
EBIT 1 3,337 3,377 3,481 3,558 3,665 3,835 4,090 4,322
Net income 1 1,924 959 881 2,021 1,825 2,362 2,543 2,732
Net Debt 1 10,500 10,107 10,221 8,601 8,431 7,699 6,861 6,112
Reference price 2 54.59 49.23 58.68 65.12 76.78 72.12 72.12 72.12
Nbr of stocks (in thousands) 650,849 626,246 641,543 643,653 640,218 640,173 - -
Announcement Date 23/02/22 22/02/23 22/02/24 26/02/25 20/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.67x2.98x14.64x3.77% 265B
20.87x2.46x14.48x3.39% 78.03B
17.1x0.52x10.04x2.68% 37.01B
22.43x3.3x13.43x3.22% 36.33B
40.21x3.39x20.1x0.88% 33.83B
68.55x10.22x43.44x1.11% 28.68B
11.32x1.86x9.17x6.77% 28.1B
12.7x0.38x8.62x2.59% 21.45B
Average 26.73x 3.14x 16.74x 3.05% 66.06B
Weighted average by Cap. 23.60x 3.01x 15.59x 3.38%

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