Company Valuation: Nestlé S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 350,518 295,663 252,370 192,539 202,576 225,636 - -
Change - -15.65% -14.64% -23.71% 5.21% 11.38% - -
Enterprise Value (EV) 1 383,097 343,288 301,760 248,544 253,958 276,778 274,147 271,829
Change - -10.39% -12.1% -17.63% 2.18% 8.99% -0.95% -0.85%
P/E 21x 31.3x 23.1x 17.9x 22.4x 22.9x 20.2x 18.7x
PBR 6.62x 7.04x 7.42x 5.36x 6.17x 6.55x 6.08x 5.57x
PEG - -0.7x 1x -18.93x -1.4x 2.53x 1.5x 2.33x
Capitalization / Revenue 4.02x 3.13x 2.71x 2.11x 2.26x 2.5x 2.43x 2.35x
EV / Revenue 4.4x 3.64x 3.24x 2.72x 2.84x 3.06x 2.95x 2.83x
EV / EBITDA 20.6x 17.5x 15.5x 12.9x 14.1x 15.1x 14.3x 13.5x
EV / EBIT 25.3x 21.3x 18.8x 15.8x 17.6x 18.7x 17.6x 16.6x
EV / FCF 44.9x 52.3x 29x 23.3x 27.7x 27.2x 24.8x 22.6x
FCF Yield 2.22% 1.91% 3.45% 4.29% 3.6% 3.68% 4.04% 4.42%
Dividend per Share 2 2.8 2.95 3 3.05 3.1 3.139 3.199 3.295
Rate of return 2.2% 2.75% 3.08% 4.07% 3.94% 3.58% 3.65% 3.76%
EPS 2 6.06 3.42 4.23 4.19 3.51 3.827 4.35 4.698
Distribution rate 46.2% 86.3% 70.9% 72.8% 88.3% 82% 73.5% 70.1%
Net sales 1 87,088 94,424 92,998 91,354 89,490 90,369 92,992 95,902
EBITDA 1 18,559 19,644 19,511 19,286 18,022 18,333 19,156 20,084
EBIT 1 15,119 16,103 16,053 15,704 14,389 14,790 15,571 16,396
Net income 1 16,905 9,270 11,209 10,884 9,033 9,794 11,126 12,014
Net Debt 1 32,579 47,625 49,390 56,005 51,382 51,143 48,512 46,194
Reference price 2 127.44 107.14 97.51 74.88 78.74 87.72 87.72 87.72
Nbr of stocks (in thousands) 2,750,456 2,759,592 2,588,141 2,571,306 2,572,715 2,572,225 - -
Announcement Date 17/02/22 16/02/23 22/02/24 13/02/25 19/02/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
22.92x3.06x15.1x3.58% 269B
19.56x2.64x15.64x3.03% 85.49B
18.75x1.91x10.95x3.35% 49.55B
20.3x3.19x12.8x3.3% 35.02B
13.24x0.5x8.66x2.87% 34.69B
29.27x5.66x18.8x2.95% 29.8B
19.26x1.87x13.12x4.28% 30.08B
-8.81x1.88x9.34x6.37% 29.73B
58.43x8.94x37.16x1.3% 25.86B
Average 21.44x 3.30x 15.73x 3.45% 65B
Weighted average by Cap. 21.45x 3.03x 15.08x 3.46%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Nestlé S.A.

Historical PBR trend

Valuation ratios - PBR - Nestlé S.A.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Nestlé S.A.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Nestlé S.A.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Nestlé S.A.