Company Valuation: Beiersdorf

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 20,500 24,315 30,779 27,803 20,477 17,163 - -
Change - 18.61% 26.59% -9.67% -26.35% -16.18% - -
Enterprise Value (EV) 1 18,724 19,838 26,159 23,237 16,389 12,905 12,663 12,000
Change - 5.95% 31.86% -11.17% -29.47% -21.26% -1.87% -5.24%
P/E ratio 32.2x 32.2x 41.9x 30.6x 22x 17.9x 16.5x 15.6x
PBR 2.98x 3.12x 3.7x 3.29x 2.63x 1.91x 1.78x 1.62x
PEG - 1.7x -15.5x 1.2x 4.46x 5.57x 1.88x 2.78x
Capitalization / Revenue 2.69x 2.76x 3.26x 2.82x 2.08x 1.74x 1.68x 1.62x
EV / Revenue 2.45x 2.25x 2.77x 2.36x 1.66x 1.31x 1.24x 1.14x
EV / EBITDA 14.6x 13.7x 15.2x 13.5x 9.61x 7.69x 7.24x 6.59x
EV / EBIT 18.9x 17.1x 20.6x 17x 11.9x 9.66x 9x 8.19x
EV / FCF 32.3x 50.2x 43.6x 21x 18x 15.7x 14.1x 12.6x
FCF Yield 3.1% 1.99% 2.29% 4.76% 5.57% 6.38% 7.11% 7.93%
Dividend per Share 2 0.7 0.7 1 1 1 1.023 1.049 1.086
Rate of return 0.77% 0.65% 0.74% 0.81% 1.07% 1.3% 1.34% 1.38%
EPS 2 2.81 3.33 3.24 4.05 4.25 4.387 4.771 5.039
Distribution rate 24.9% 21% 30.9% 24.7% 23.5% 23.3% 22% 21.6%
Net sales 1 7,627 8,799 9,447 9,850 9,852 9,861 10,239 10,566
EBITDA 1 1,280 1,445 1,717 1,727 1,706 1,678 1,748 1,820
EBIT 1 993 1,158 1,268 1,370 1,378 1,336 1,407 1,465
Net income 1 638 755 736 912 939 935.2 1,007 1,056
Net Debt 1 -1,776 -4,477 -4,620 -4,566 -4,088 -4,258 -4,500 -5,163
Reference price 2 90.38 107.20 135.70 124.00 93.68 78.54 78.54 78.54
Nbr of stocks (in thousands) 226,819 226,819 226,819 224,216 218,584 218,524 - -
Announcement Date 1/3/22 1/3/23 29/2/24 27/2/25 3/3/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.9x1.31x7.69x1.3% 20.26B
21.44x4.23x15.24x2.91% 341B
16.63x2.55x11.25x3.93% 127B
22.39x3.56x14.78x2.52% 68.85B
50.54x8.91x38.36x2.09% 62.59B
18.78x2.66x11.46x4.83% 33.81B
52.87x2.31x14.75x1.85% 27.56B
13.89x1.44x7.94x3.63% 18.85B
54.03x7.51x36.83x1.18% 12.27B
32.15x6.1x23.44x0.82% 10.75B
Average 30.06x 4.06x 18.17x 2.51% 72.37B
Weighted average by Cap. 24.69x 4.06x 16.39x 2.94%

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