Company Valuation: PepsiCo, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 239,843 255,191 235,666 212,201 196,596 192,163 - -
Change - 6.4% -7.65% -9.96% -7.35% -2.25% - -
Enterprise Value (EV) 1 274,189 288,914 269,768 247,241 236,248 230,488 229,746 228,528
Change - 5.37% -6.63% -8.35% -4.45% -2.44% -0.32% -0.53%
P/E 31.2x 28.5x 25.8x 22x 24x 17.4x 16.5x 15.6x
PBR 14.8x 14.7x 12.6x 11.6x 9.63x 8.05x 7.21x 6.59x
PEG - 1.7x 11.83x 3.7x -1.8x 0.5x 2.99x 2.77x
Capitalization / Revenue 3.02x 2.95x 2.58x 2.31x 2.09x 1.94x 1.89x 1.82x
EV / Revenue 3.45x 3.34x 2.95x 2.69x 2.52x 2.33x 2.26x 2.17x
EV / EBITDA 19.4x 19.1x 16x 13.8x 12.9x 11.9x 11.4x 10.8x
EV / EBIT 24x 23.4x 19.4x 16.8x 15.8x 14.5x 13.9x 13.2x
EV / FCF 39.2x 51.6x 34x 34.4x 30.8x 21.9x 19.6x 17.8x
FCF Yield 2.55% 1.94% 2.94% 2.91% 3.25% 4.57% 5.1% 5.61%
Dividend per Share 2 4.248 4.525 4.945 - 5.622 5.842 6.141 6.516
Rate of return 2.48% 2.47% 2.92% - 3.91% 4.15% 4.36% 4.63%
EPS 2 5.49 6.42 6.56 6.95 6 8.111 8.559 9.04
Distribution rate 77.4% 70.5% 75.4% - 93.7% 72% 71.8% 72.1%
Net sales 1 79,474 86,392 91,471 91,854 93,925 98,954 101,862 105,450
EBITDA 1 14,124 15,088 16,823 17,858 18,363 19,391 20,124 21,218
EBIT 1 11,414 12,325 13,875 14,698 14,912 15,896 16,519 17,333
Net income 1 7,618 8,910 9,074 9,578 8,240 10,813 11,432 12,113
Net Debt 1 34,346 33,723 34,102 35,040 39,652 38,325 37,583 36,365
Reference price 2 171.47 183.07 169.40 152.89 143.78 140.79 140.79 140.79
Nbr of stocks (in thousands) 1,398,745 1,393,956 1,391,178 1,387,929 1,367,340 1,364,892 - -
Announcement Date 10/02/22 09/02/23 09/02/24 04/02/25 03/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.36x2.33x11.89x4.15% 192B
21.28x2.37x13.1x2.36% 47.74B
15.96x1.47x7.28x3.99% 22.89B
27.4x0.78x9.92x1.81% 4.06B
14.17x1.93x8.35x4.71% 1.6B
12.95x1.39x7.73x3.37% 908M
Average 18.19x 1.71x 9.71x 3.4% 44.89B
Weighted average by Cap. 18.05x 2.23x 11.65x 3.79%

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