Company Valuation: Nestlé S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 350,518 295,663 252,370 192,539 202,576 207,476 - -
Change - -15.65% -14.64% -23.71% 5.21% 2.42% - -
Enterprise Value (EV) 1 383,097 343,288 301,760 248,544 253,958 258,372 256,729 253,788
Change - -10.39% -12.1% -17.63% 2.18% 1.74% -0.64% -1.15%
P/E 21x 31.3x 23.1x 17.9x 22.4x 20.7x 18.5x 17.1x
PBR 6.62x 7.04x 7.42x 5.36x 6.17x 6x 5.58x 5.13x
PEG - -0.7x 1x -18.93x -1.4x 1.9x 1.5x 2.18x
Capitalization / Revenue 4.02x 3.13x 2.71x 2.11x 2.26x 2.31x 2.24x 2.17x
EV / Revenue 4.4x 3.64x 3.24x 2.72x 2.84x 2.88x 2.77x 2.65x
EV / EBITDA 20.6x 17.5x 15.5x 12.9x 14.1x 14.2x 13.4x 12.6x
EV / EBIT 25.3x 21.3x 18.8x 15.8x 17.6x 17.6x 16.5x 15.5x
EV / FCF 44.9x 52.3x 29x 23.3x 27.7x 26.5x 24.6x 21.3x
FCF Yield 2.22% 1.91% 3.45% 4.29% 3.6% 3.78% 4.06% 4.69%
Dividend per Share 2 2.8 2.95 3 3.05 3.1 3.137 3.2 3.301
Rate of return 2.2% 2.75% 3.08% 4.07% 3.94% 3.89% 3.97% 4.09%
EPS 2 6.06 3.42 4.23 4.19 3.51 3.892 4.366 4.708
Distribution rate 46.2% 86.3% 70.9% 72.8% 88.3% 80.6% 73.3% 70.1%
Net sales 1 87,088 94,424 92,998 91,354 89,490 89,662 92,668 95,788
EBITDA 1 18,559 19,644 19,511 19,286 18,022 18,136 19,222 20,218
EBIT 1 15,119 16,103 16,053 15,704 14,389 14,694 15,572 16,355
Net income 1 16,905 9,270 11,209 10,884 9,033 10,141 11,202 12,058
Net Debt 1 32,579 47,625 49,390 56,005 51,382 50,896 49,253 46,312
Reference price 2 127.44 107.14 97.51 74.88 78.74 80.66 80.66 80.66
Nbr of stocks (in thousands) 2,750,456 2,759,592 2,588,141 2,571,306 2,572,715 2,572,225 - -
Announcement Date 17/2/22 16/2/23 22/2/24 13/2/25 19/2/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.78x2.49x14.82x3.31% 79.23B
18.37x1.86x10.56x3.46% 50.39B
16.47x0.54x9.68x2.59% 38.49B
21.68x3.28x13.26x3.23% 35.97B
12.7x2.01x9.86x6.03% 31.59B
69.52x10.62x44.17x1.1% 30.25B
34.99x2.96x17.52x1.02% 30.01B
32.78x0.67x16.98x0.6% 21.21B
Average 28.29x 3.05x 17.11x 2.67% 39.64B
Weighted average by Cap. 25.72x 2.89x 16.05x 2.9%

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