Company Valuation: Kesko Oyj

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 11,373 8,161 7,142 7,220 7,665 7,924 - -
Change - -28.24% -12.49% 1.09% 6.17% 3.38% - -
Enterprise Value (EV) 1 13,281 10,265 9,702 10,128 11,071 11,454 11,482 11,527
Change - -22.7% -5.49% 4.39% 9.32% 3.46% 0.24% 0.39%
P/E 20.4x 13.5x 14.3x 19.1x 18.9x 17.3x 15.3x 14.3x
PBR 3.44x 2.99x 2.59x 2.66x 2.74x 2.74x 2.62x 2.53x
PEG - 2.16x -0.8x -0.8x 2.57x 1.3x 1.2x 2.18x
Capitalization / Revenue 0.99x 0.68x 0.61x 0.61x 0.6x 0.61x 0.58x 0.57x
EV / Revenue 1.15x 0.85x 0.82x 0.85x 0.87x 0.88x 0.85x 0.82x
EV / EBITDA 10.5x 7.85x 7.87x 8.42x 9x 8.68x 8.12x 7.79x
EV / EBIT 17.1x 12.6x 13.6x 15.6x 16.9x 16.3x 15x 14.2x
EV / FCF 15.2x 22x 26.2x 30.5x 76.9x 17x 16x 14.9x
FCF Yield 6.59% 4.54% 3.82% 3.28% 1.3% 5.87% 6.26% 6.72%
Dividend per Share 2 1.06 1.08 1.02 1.02 0.9 0.96 1.063 1.098
Rate of return 3.61% 5.24% 5.69% 5.61% 4.68% 4.82% 5.34% 5.52%
EPS 2 1.44 1.53 1.25 0.95 1.02 1.153 1.302 1.387
Distribution rate 73.6% 70.6% 81.6% 107% 88.2% 83.2% 81.7% 79.2%
Net sales 1 11,499 12,039 11,784 11,920 12,768 13,082 13,581 13,980
EBITDA 1 1,263 1,308 1,232 1,203 1,230 1,320 1,413 1,479
EBIT 1 775.5 815.1 712 650.1 654.9 702.7 767.7 811.5
Net income 1 571.8 609.9 495.6 379.1 404.2 461.5 519.4 554.1
Net Debt 1 1,907 2,104 2,560 2,908 3,406 3,530 3,558 3,603
Reference price 2 29.34 20.62 17.92 18.18 19.25 19.90 19.90 19.90
Nbr of stocks (in thousands) 397,115 397,457 397,770 397,956 398,119 398,342 - -
Announcement Date 03/02/22 02/02/23 30/01/24 05/02/25 05/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.25x0.88x8.68x4.82% 9.19B
21.78x0.92x6.2x5.92% 38.96B
46.99x1.93x23.24x0.27% 31.45B
91.78x4.07x53.91x-.--% 29.63B
16.67x0.63x7.21x3.03% 27.89B
27.91x0.89x9.52x3.34% 21.88B
9.55x0.25x4.35x6.28% 13.46B
15.5x0.39x5.6x3.86% 12.88B
7.87x1.62x5.61x2.25% 12.13B
Average 28.37x 1.28x 13.81x 3.31% 21.94B
Weighted average by Cap. 33.95x 1.47x 16.50x 3.05%

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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