Company Valuation: Nestlé India Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,675,397 1,898,604 2,529,273 2,170,366 2,265,384 2,969,604 - -
Change - 13.32% 33.22% -14.19% 4.38% 31.09% - -
Enterprise Value (EV) 1 1,666,241 1,890,170 2,524,530 2,181,078 2,252,219 2,943,412 2,929,472 2,912,875
Change - 13.44% 33.56% -13.6% 3.26% 30.69% -0.47% -0.57%
P/E 70.1x 63.3x 64.3x 65.5x 63.9x 71.4x 62x 54.3x
PBR 68.1x 61.4x 75.7x 54.1x 42.7x 47.5x 40.4x 34.8x
PEG - 2.5x 2.1x -4.2x 9.23x 4.1x 4.1x 3.8x
Capitalization / Revenue 9.92x 9.93x 10.4x 10.7x 9.78x 11.1x 9.9x 8.89x
EV / Revenue 9.86x 9.88x 10.3x 10.8x 9.73x 11x 9.76x 8.72x
EV / EBITDA 44.5x 42.3x 43.4x 45.7x 42.4x 45.4x 39.9x 35.2x
EV / EBIT 49.9x 46.8x 47.8x 51.5x 48.9x 51.8x 45.2x 39.7x
EV / FCF 76.2x 93.5x 110x 235x 53.4x 69.5x 56.3x 49.6x
FCF Yield 1.31% 1.07% 0.91% 0.43% 1.87% 1.44% 1.78% 2.02%
Dividend per Share 2 11 - 16.1 13.5 12 16.44 18.94 21.74
Rate of return 1.27% - 1.23% 1.2% 1.02% 1.07% 1.23% 1.41%
EPS 2 12.4 15.55 20.4 17.19 18.38 21.57 24.86 28.38
Distribution rate 88.7% - 78.9% 78.5% 65.3% 76.2% 76.2% 76.6%
Net sales 1 168,970 191,263 243,939 202,016 231,546 268,609 300,022 334,080
EBITDA 1 37,420 44,710 58,198 47,737 53,061 64,778 73,469 82,683
EBIT 1 33,390 40,421 52,820 42,338 46,068 56,775 64,789 73,431
Net income 1 23,905 29,987 39,328 33,145 35,446 41,579 47,977 54,875
Net Debt 1 -9,155 -8,434 -4,743 10,712 -13,164 -26,192 -40,132 -56,729
Reference price 2 868.84 984.59 1,311.65 1,125.52 1,174.80 1,540.00 1,540.00 1,540.00
Nbr of stocks (in thousands) 1,928,314 1,928,314 1,928,314 1,928,314 1,928,314 1,928,314 - -
Announcement Date 16/02/23 07/02/24 25/04/24 24/04/25 21/04/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.1x2.9x14.32x3.86% 259B
19.95x2.5x14.92x3.29% 79.91B
18.31x1.87x10.59x3.45% 50.74B
14.18x0.53x9.56x2.7% 36.91B
22.08x3.34x13.48x3.17% 36.64B
36.68x3.07x18.26x0.97% 31.45B
71.4x10.96x45.44x1.07% 31.2B
102.04x1.91x9.5x6.33% 30.03B
Average 38.22x 3.38x 17.01x 3.1% 69.43B
Weighted average by Cap. 28.37x 3.03x 15.41x 3.43%

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