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 77,194 - -
Change - -38.33% 36.42% 17.32% 12.06% 3.82% - -
Enterprise Value (EV) 1 75,624 49,441 63,820 72,659 81,945 88,978 87,675 86,746
Change - -34.62% 29.08% 13.85% 12.78% 8.58% -1.46% -1.06%
P/E 60x 38.2x 41.4x 31.8x 36.1x 36.3x 29.5x 25.5x
PBR 9.3x 5.77x 7.06x 7.67x 7.58x 7.14x 6.17x 5.51x
PEG - -14.94x 1.6x 0.6x -29.56x 8.53x 1.3x 1.6x
Capitalization / Revenue 5.28x 2.92x 3.69x 4.22x 4.62x 4.31x 3.99x 3.75x
EV / Revenue 5.94x 3.48x 4.17x 4.62x 5.1x 4.96x 4.53x 4.22x
EV / EBITDA 28.6x 18.2x 20.9x 20.4x 21.1x 20.1x 17.7x 16.1x
EV / EBIT 42x 27.9x 30x 27.7x 28.3x 27.1x 22.9x 20.4x
EV / FCF 53.3x 46x 39x 39.9x 43x 48x 38.2x 33.8x
FCF Yield 1.88% 2.18% 2.57% 2.5% 2.32% 2.08% 2.62% 2.96%
Dividend per Share 2 1.95 2.06 2.16 2.36 2.68 2.944 3.125 3.348
Rate of return 0.83% 1.42% 1.09% 1.01% 1.02% 1.07% 1.13% 1.22%
EPS 2 3.91 3.81 4.79 7.37 7.28 7.59 9.336 10.8
Distribution rate 49.9% 54.1% 45.1% 32% 36.8% 38.8% 33.5% 31%
Net sales 1 12,733 14,188 15,320 15,741 16,081 17,927 19,352 20,580
EBITDA 1 2,642 2,712 3,050 3,554 3,877 4,420 4,964 5,395
EBIT 1 1,799 1,773 2,126 2,619 2,901 3,284 3,835 4,243
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 2 234.59 145.56 198.35 234.32 262.52 275.37 275.37 275.37
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.47x4.98x20.22x1.06% 77.57B
30.66x4.6x19.81x2.17% 38.25B
25.04x2.98x15.44x2.08% 35.98B
14.07x1.36x8.37x2.25% 25.1B
38.25x9.41x28.2x2.27% 23.54B
9.4x2.63x5.24x2.78% 19.73B
24.57x2.66x10.8x1.84% 17.67B
23.8x2.85x13.11x1.41% 14.4B
15.47x1.71x6.72x1.94% 14.19B
11.38x2.3x5.2x1.42% 13.39B
Average 22.91x 3.55x 13.31x 1.92% 27.98B
Weighted average by Cap. 26.77x 4.00x 15.74x 1.8%

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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