Company Valuation: Ecolab Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 67,226 41,460 56,557 66,350 74,355 76,308 - -
Change - -38.33% 36.42% 17.32% 12.06% 2.63% - -
Enterprise Value (EV) 1 75,624 49,441 63,820 72,659 81,945 88,092 86,789 85,860
Change - -34.62% 29.08% 13.85% 12.78% 7.5% -1.48% -1.07%
P/E 60x 38.2x 41.4x 31.8x 36.1x 35.9x 29.2x 25.2x
PBR 9.3x 5.77x 7.06x 7.67x 7.58x 7.06x 6.1x 5.44x
PEG - -14.94x 1.6x 0.6x -29.56x 8.47x 1.3x 1.6x
Capitalization / Revenue 5.28x 2.92x 3.69x 4.22x 4.62x 4.26x 3.94x 3.71x
EV / Revenue 5.94x 3.48x 4.17x 4.62x 5.1x 4.91x 4.48x 4.17x
EV / EBITDA 28.6x 18.2x 20.9x 20.4x 21.1x 19.9x 17.5x 15.9x
EV / EBIT 42x 27.9x 30x 27.7x 28.3x 26.8x 22.6x 20.2x
EV / FCF 53.3x 46x 39x 39.9x 43x 47.5x 37.9x 33.4x
FCF Yield 1.88% 2.18% 2.57% 2.5% 2.32% 2.1% 2.64% 2.99%
Dividend per Share 2 1.95 2.06 2.16 2.36 2.68 2.94 3.133 3.348
Rate of return 0.83% 1.42% 1.09% 1.01% 1.02% 1.08% 1.15% 1.23%
EPS 2 3.91 3.81 4.79 7.37 7.28 7.588 9.336 10.8
Distribution rate 49.9% 54.1% 45.1% 32% 36.8% 38.7% 33.6% 31%
Net sales 1 12,733 14,188 15,320 15,741 16,081 17,925 19,356 20,596
EBITDA 1 2,642 2,712 3,050 3,554 3,877 4,419 4,965 5,399
EBIT 1 1,799 1,773 2,126 2,619 2,901 3,283 3,836 4,246
Net income 1 1,130 1,092 1,372 2,112 2,076 2,169 2,631 3,025
Net Debt 1 8,398 7,982 7,262 6,308 7,590 11,784 10,481 9,552
Reference price 2 234.59 145.56 198.35 234.32 262.52 272.21 272.21 272.21
Nbr of stocks (in thousands) 286,567 284,828 285,140 283,162 283,236 280,329 - -
Announcement Date 15/02/22 14/02/23 13/02/24 11/02/25 10/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
35.87x4.91x19.93x1.08% 76.31B
25.47x3.02x15.67x2.04% 37.22B
28.76x4.34x18.75x2.32% 36.41B
13.54x1.32x8.11x2.34% 24.9B
37.02x9.08x27.62x2.47% 22.96B
10.38x2.84x5.6x2.63% 21.55B
24.02x2.6x10.57x1.88% 17.27B
12.63x2.54x5.74x1.28% 14.86B
22.9x2.76x12.66x1.47% 14.1B
14.52x1.58x6.23x2.07% 13.73B
Average 22.51x 3.50x 13.09x 1.96% 27.93B
Weighted average by Cap. 26.02x 3.91x 15.31x 1.84%

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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