Company Valuation: PepsiCo, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 203,023 241,088 253,351 235,652 212,201 196,107 - -
Change - 18.75% 5.09% -6.99% -9.95% -7.58% - -
Enterprise Value (EV) 1 237,622 275,434 287,074 269,754 247,241 235,018 234,791 234,726
Change - 15.91% 4.23% -6.03% -8.35% -4.94% -0.1% -0.03%
P/E ratio 28.7x 31.4x 28.3x 25.8x 22x 20.3x 17.6x 16.6x
PBR 15.1x 14.9x 14.6x 12.6x 11.6x 9.72x 8.45x 7.68x
PEG - 4.35x 1.7x 11.83x 3.7x 11.84x 1.2x 2.72x
Capitalization / Revenue 2.89x 3.03x 2.93x 2.58x 2.31x 2.11x 2.05x 1.98x
EV / Revenue 3.38x 3.47x 3.32x 2.95x 2.69x 2.53x 2.45x 2.37x
EV / EBITDA 18.2x 19.5x 19x 16x 13.8x 13.2x 12.5x 11.8x
EV / EBIT 22.6x 24.1x 23.3x 19.4x 16.8x 15.9x 15.1x 14.4x
EV / FCF 37.3x 39.4x 51.2x 34x 34.4x 21.4x 22x 21.2x
FCF Yield 2.68% 2.54% 1.95% 2.94% 2.91% 4.67% 4.54% 4.72%
Dividend per Share 2 4.022 4.248 4.525 4.945 - 5.613 5.874 6.191
Rate of return 2.74% 2.46% 2.49% 2.92% - 3.92% 4.1% 4.32%
EPS 2 5.12 5.49 6.42 6.56 6.95 7.069 8.142 8.639
Distribution rate 78.6% 77.4% 70.5% 75.4% - 79.4% 72.1% 71.7%
Net sales 1 70,372 79,474 86,392 91,471 91,854 92,860 95,741 98,941
EBITDA 1 13,079 14,124 15,088 16,823 17,858 17,805 18,839 19,890
EBIT 1 10,531 11,414 12,325 13,875 14,698 14,794 15,510 16,306
Net income 1 7,120 7,618 8,910 9,074 9,578 9,822 11,020 11,722
Net Debt 1 34,599 34,346 33,723 34,102 35,040 38,911 38,685 38,620
Reference price 2 146.91 172.36 181.75 169.39 152.89 143.24 143.24 143.24
Nbr of stocks (in thousands) 1,381,956 1,398,745 1,393,956 1,391,178 1,387,929 1,369,077 - -
Announcement Date 11/02/21 10/02/22 09/02/23 09/02/24 04/02/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.26x2.53x13.2x3.92% 196B
20.67x2.26x12.88x2.5% 44.37B
14.07x1.34x6.67x4.06% 18.98B
30.97x0.51x7.04x2.43% 2.71B
15.54x1.81x9.61x6.05% 1.54B
16.34x1.6x9.05x2.63% 1.04B
-8.46x - - - 53.54M
Average 15.63x 1.67x 9.74x 3.6% 37.83B
Weighted average by Cap. 19.95x 2.37x 12.58x 3.68%
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation PepsiCo, Inc.