Company Valuation: Beiersdorf

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 20,500 24,315 30,779 27,803 20,477 16,669 - -
Change - 18.61% 26.59% -9.67% -26.35% -18.59% - -
Enterprise Value (EV) 1 18,724 19,838 26,159 23,237 16,389 12,473 12,326 11,843
Change - 5.95% 31.86% -11.17% -29.47% -23.89% -1.18% -3.92%
P/E 32.2x 32.2x 41.9x 30.6x 22x 20.2x 18.7x 17.5x
PBR 2.98x 3.12x 3.7x 3.29x 2.63x 1.87x 1.85x 1.71x
PEG - 1.7x -15.5x 1.2x 4.46x -1.9x 2.33x 2.6x
Capitalization / Revenue 2.69x 2.76x 3.26x 2.82x 2.08x 1.72x 1.67x 1.62x
EV / Revenue 2.45x 2.25x 2.77x 2.36x 1.66x 1.29x 1.23x 1.15x
EV / EBITDA 14.6x 13.7x 15.2x 13.5x 9.61x 8.38x 7.93x 7.3x
EV / EBIT 18.9x 17.1x 20.6x 17x 11.9x 10.8x 10.2x 9.31x
EV / FCF 32.3x 50.2x 43.6x 21x 18x 17.1x 16.5x 16.1x
FCF Yield 3.1% 1.99% 2.29% 4.76% 5.57% 5.86% 6.04% 6.23%
Dividend per Share 2 0.7 0.7 1 1 1 0.9968 1.017 1.051
Rate of return 0.77% 0.65% 0.74% 0.81% 1.07% 1.3% 1.33% 1.38%
EPS 2 2.81 3.33 3.24 4.05 4.25 3.793 4.098 4.374
Distribution rate 24.9% 21% 30.9% 24.7% 23.5% 26.3% 24.8% 24%
Net sales 1 7,627 8,799 9,447 9,850 9,852 9,690 9,988 10,265
EBITDA 1 1,280 1,445 1,717 1,727 1,706 1,488 1,555 1,622
EBIT 1 993 1,158 1,268 1,370 1,378 1,151 1,214 1,272
Net income 1 638 755 736 912 939 823.9 869.9 917.8
Net Debt 1 -1,776 -4,477 -4,620 -4,566 -4,088 -4,197 -4,343 -4,826
Reference price 2 90.38 107.20 135.70 124.00 93.68 76.44 76.44 76.44
Nbr of stocks (in thousands) 226,819 226,819 226,819 224,216 218,584 218,073 - -
Announcement Date 3/1/22 3/1/23 2/29/24 2/27/25 3/3/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.51x4.11x15.03x3% 340B
18.47x2.74x12.07x3.5% 137B
24.14x3.62x15.21x2.39% 70.77B
40.68x6.54x28.36x2.3% 48.69B
35.03x2.66x14.78x1.54% 37.58B
19.71x2.76x11.52x4.5% 36B
22.25x1.63x10.41x2.26% 20.26B
19.93x1.27x8.26x1.32% 19.17B
15.57x1.5x8.6x3.41% 18.98B
Average 24.14x 2.98x 13.80x 2.69% 80.94B
Weighted average by Cap. 22.91x 3.61x 14.72x 2.93%

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

40% Discount: Identify Tomorrow's Best Investments With The Best Subscriber-Only Tools!
d
:
:
SEIZE THE OFFER!