Company Valuation: Grupo Nutresa S. A.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Capitalization 1 11,042,963 13,117,004 20,370,136 20,599,014 36,162,714 128,425,654
Change - 18.78% 55.3% 1.12% 75.56% 255.13%
Enterprise Value (EV) 1 14,335,796 16,394,610 24,557,442 24,599,930 40,499,730 142,425,318
Change - 14.36% 49.79% 0.17% 64.63% 251.67%
P/E ratio 19.2x 19.4x 23.1x 28.6x 48.1x 104x
PBR 1.35x 1.46x 1.9x 3.23x 5.14x 23.9x
PEG - 1.1x 0.8x -1.6x 11.25x 1.6x
Capitalization / Revenue 0.99x 1.03x 1.2x 1.09x 1.95x 6.24x
EV / Revenue 1.29x 1.29x 1.44x 1.3x 2.18x 6.92x
EV / EBITDA 11.2x 12.2x 14x 11.3x 18.8x 53.3x
EV / EBIT 14.4x 15.4x 16.9x 14.2x 22.2x 59.9x
EV / FCF 22.8x 48.4x -55.6x 16.8x 149x 164x
FCF Yield 4.39% 2.07% -1.8% 5.96% 0.67% 0.61%
Dividend per Share 2 702 948 1,157 - - -
Rate of return 2.93% 3.31% 2.6% - - -
EPS 2 1,251 1,475 1,929 1,574 1,641 2,706
Distribution rate 56.1% 64.3% 60% - - -
Net sales 1 11,127,541 12,738,271 17,037,823 18,906,264 18,589,956 20,578,988
EBITDA 1 1,279,939 1,343,295 1,756,151 2,180,734 2,151,876 2,671,629
EBIT 1 992,196 1,065,266 1,453,229 1,737,850 1,824,829 2,378,415
Net income 1 575,441 676,879 882,976 720,483 751,281 1,235,765
Net Debt 1 3,292,833 3,277,606 4,187,306 4,000,916 4,337,016 13,999,664
Reference price 2 24,000.00 28,640.00 44,500.00 45,000.00 79,000.00 282,000.00
Nbr of stocks (in thousands) 460,123 457,996 457,756 457,756 457,756 455,410
Announcement Date 27/2/21 24/2/22 23/2/23 22/2/24 11/2/25 19/2/26
1COP in Million2COP
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 37.37B
19.96x2.9x14.2x3.92% 264B
19.28x2.34x13.74x3.69% 72.53B
18.22x1.85x10.46x3.35% 51.66B
27x3.97x16.23x2.61% 44.39B
18.4x0.49x10.38x2.99% 33.39B
11.53x1.87x9.1x6.79% 28.01B
33.01x2.88x15.66x1.1% 26.62B
72.56x10.56x47.02x1.13% 26.07B
43.55x0.79x21.46x0.51% 24.18B
Average 29.28x 3.07x 17.58x 2.9% 60.8B
Weighted average by Cap. 23.77x 2.88x 15.36x 3.42%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Grupo Nutresa S. A.
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