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 42,123 - -
Change - -13.23% 22.11% 11.34% 17.28% -14.31% - -
Enterprise Value (EV) 1 46,030 40,937 47,867 50,516 57,587 50,905 50,032 49,602
Change - -11.06% 16.93% 5.53% 14% -11.6% -1.72% -0.86%
P/E 18.6x 33.3x 45.1x 20.8x 27.2x 17.4x 15.9x 14.9x
PBR 2.02x 1.76x 2.33x 2.59x 2.93x 2.37x 2.24x 2.13x
PEG - -0.7x -3.7x 0x -2.75x 0.5x 1.67x 2.2x
Capitalization / Revenue 1.46x 1.11x 1.36x 1.53x 1.8x 1.49x 1.43x 1.38x
EV / Revenue 1.9x 1.48x 1.73x 1.85x 2.11x 1.81x 1.7x 1.62x
EV / EBITDA 10x 7.81x 9.4x 10.7x 11.5x 10.2x 9.48x 8.95x
EV / EBIT 13.8x 12.1x 13.8x 14.2x 15.7x 13.3x 12.2x 11.5x
EV / FCF 18.9x 19.6x 18.2x 16.8x 20.6x 20.6x 17.6x 16.6x
FCF Yield 5.28% 5.11% 5.5% 5.94% 4.86% 4.85% 5.68% 6.01%
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% 3.59% 3.81% 4.07%
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 65.48 65.48 65.48
Nbr of stocks (in thousands) 650,849 626,246 641,543 643,653 640,218 643,298 - -
Announcement Date 23/2/22 22/2/23 22/2/24 26/2/25 20/2/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.45x2.82x14.08x3.98% 250B
19.81x2.49x14.83x3.31% 79.36B
17.51x1.8x10.2x3.61% 48.61B
15.05x0.56x10.05x2.56% 39.18B
21.92x3.32x13.43x3.19% 36.38B
39.61x3.38x19.66x0.91% 34.27B
68.15x10.46x43.36x1.12% 29.65B
99.75x1.88x9.36x6.47% 29.35B
11.71x0.38x8.68x2.51% 22.08B
Average 34.88x 3.01x 15.96x 3.07% 63.21B
Weighted average by Cap. 27.22x 2.85x 14.94x 3.45%

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