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 45,436 - -
Change - -13.23% 22.11% 11.34% 17.28% -7.57% - -
Enterprise Value (EV) 1 46,030 40,937 47,867 50,516 57,587 53,609 52,850 52,293
Change - -11.06% 16.93% 5.53% 14% -6.91% -1.42% -1.05%
P/E 18.6x 33.3x 45.1x 20.8x 27.2x 18.7x 17.3x 16.2x
PBR 2.02x 1.76x 2.33x 2.59x 2.93x 2.51x 2.37x 2.25x
PEG - -0.7x -3.7x 0x -2.75x 0.5x 2.19x 2.39x
Capitalization / Revenue 1.46x 1.11x 1.36x 1.53x 1.8x 1.62x 1.55x 1.49x
EV / Revenue 1.9x 1.48x 1.73x 1.85x 2.11x 1.91x 1.8x 1.72x
EV / EBITDA 10x 7.81x 9.4x 10.7x 11.5x 10.8x 10.1x 9.47x
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 19.8x 18.9x 17.5x
FCF Yield 5.28% 5.11% 5.5% 5.94% 4.86% 5.04% 5.28% 5.7%
Dividend per Share 2 1.94 2 2.1 2.15 2.25 2.331 2.493 2.661
Rate of return 3.55% 4.06% 3.58% 3.3% 2.93% 3.29% 3.52% 3.76%
EPS 2 2.94 1.48 1.3 3.13 2.82 3.793 4.093 4.371
Distribution rate 66% 135% 162% 68.7% 79.8% 61.5% 60.9% 60.9%
Net sales 1 24,281 27,661 27,619 27,376 27,283 28,087 29,332 30,423
EBITDA 1 4,602 5,240 5,092 4,726 5,020 4,978 5,258 5,521
EBIT 1 3,337 3,377 3,481 3,558 3,665 3,824 4,078 4,305
Net income 1 1,924 959 881 2,021 1,825 2,370 2,567 2,752
Net Debt 1 10,500 10,107 10,221 8,601 8,431 8,173 7,414 6,856
Reference price 2 54.59 49.23 58.68 65.12 76.78 70.76 70.76 70.76
Nbr of stocks (in thousands) 650,849 626,246 641,543 643,653 640,218 642,116 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.87x2.88x14.24x3.89% 254B
21.4x2.46x14.51x3.42% 77.69B
18.66x0.57x10.78x2.4% 41.41B
21.83x3.23x13.17x3.31% 35.36B
12.23x1.96x9.63x6.25% 30.44B
36x3.04x17.99x0.99% 29.72B
67.22x10.27x42.53x1.14% 28.91B
14.43x0.41x9.39x2.39% 23.58B
31.82x0.66x16.56x0.62% 20.51B
Average 27.16x 2.83x 16.53x 2.71% 60.18B
Weighted average by Cap. 23.79x 2.83x 15.28x 3.31%

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