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 42,664 - -
Change - -13.23% 22.11% 11.34% 17.28% -13.21% - -
Enterprise Value (EV) 1 46,030 40,937 47,867 50,516 57,587 51,445 50,572 50,142
Change - -11.06% 16.93% 5.53% 14% -10.66% -1.7% -0.85%
P/E 18.6x 33.3x 45.1x 20.8x 27.2x 17.6x 16.1x 15.1x
PBR 2.02x 1.76x 2.33x 2.59x 2.93x 2.4x 2.27x 2.16x
PEG - -0.7x -3.7x 0x -2.75x 0.5x 1.7x 2.22x
Capitalization / Revenue 1.46x 1.11x 1.36x 1.53x 1.8x 1.51x 1.45x 1.39x
EV / Revenue 1.9x 1.48x 1.73x 1.85x 2.11x 1.82x 1.72x 1.64x
EV / EBITDA 10x 7.81x 9.4x 10.7x 11.5x 10.3x 9.58x 9.04x
EV / EBIT 13.8x 12.1x 13.8x 14.2x 15.7x 13.4x 12.4x 11.6x
EV / FCF 18.9x 19.6x 18.2x 16.8x 20.6x 20.8x 17.8x 16.8x
FCF Yield 5.28% 5.11% 5.5% 5.94% 4.86% 4.8% 5.62% 5.94%
Dividend per Share 2 1.94 2 2.1 2.15 2.25 2.353 2.497 2.664
Rate of return 3.55% 4.06% 3.58% 3.3% 2.93% 3.55% 3.76% 4.02%
EPS 2 2.94 1.48 1.3 3.13 2.82 3.763 4.12 4.4
Distribution rate 66% 135% 162% 68.7% 79.8% 62.5% 60.6% 60.5%
Net sales 1 24,281 27,661 27,619 27,376 27,283 28,194 29,482 30,611
EBITDA 1 4,602 5,240 5,092 4,726 5,020 4,991 5,279 5,544
EBIT 1 3,337 3,377 3,481 3,558 3,665 3,839 4,093 4,321
Net income 1 1,924 959 881 2,021 1,825 2,358 2,594 2,769
Net Debt 1 10,500 10,107 10,221 8,601 8,431 8,782 7,909 7,479
Reference price 2 54.59 49.23 58.68 65.12 76.78 66.32 66.32 66.32
Nbr of stocks (in thousands) 650,849 626,246 641,543 643,653 640,218 643,298 - -
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.($)
20.7x2.85x14.22x3.94% 256B
20.54x2.56x15.26x3.19% 82.26B
17.63x1.82x10.31x3.55% 49.81B
14.87x0.55x9.94x2.6% 38.7B
22.57x3.4x13.78x3.1% 37.46B
37.22x3.21x18.56x0.97% 32.4B
-108.9x1.92x9.55x6.26% 30.33B
68.47x10.51x43.59x1.11% 29.79B
Average 11.64x 3.35x 16.90x 3.09% 69.56B
Weighted average by Cap. 16.57x 2.97x 15.27x 3.44%

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