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 15,297 - -
Change - 18.61% 26.59% -9.67% -26.35% -25.3% - -
Enterprise Value (EV) 1 18,724 19,838 26,159 23,237 16,389 11,060 10,829 10,262
Change - 5.95% 31.86% -11.17% -29.47% -32.51% -2.09% -5.24%
P/E ratio 32.2x 32.2x 41.9x 30.6x 22x 16.2x 15x 14.3x
PBR 2.98x 3.12x 3.7x 3.29x 2.63x 1.7x 1.6x 1.47x
PEG - 1.7x -15.5x 1.2x 4.46x 11.92x 1.86x 2.68x
Capitalization / Revenue 2.69x 2.76x 3.26x 2.82x 2.08x 1.56x 1.51x 1.46x
EV / Revenue 2.45x 2.25x 2.77x 2.36x 1.66x 1.13x 1.07x 0.98x
EV / EBITDA 14.6x 13.7x 15.2x 13.5x 9.61x 6.74x 6.32x 5.77x
EV / EBIT 18.9x 17.1x 20.6x 17x 11.9x 8.44x 7.88x 7.19x
EV / FCF 32.3x 50.2x 43.6x 21x 18x 13.5x 12.3x 11x
FCF Yield 3.1% 1.99% 2.29% 4.76% 5.57% 7.4% 8.12% 9.1%
Dividend per Share 2 0.7 0.7 1 1 1 1.017 1.04 1.071
Rate of return 0.77% 0.65% 0.74% 0.81% 1.07% 1.45% 1.49% 1.53%
EPS 2 2.81 3.33 3.24 4.05 4.25 4.308 4.655 4.903
Distribution rate 24.9% 21% 30.9% 24.7% 23.5% 23.6% 22.3% 21.8%
Net sales 1 7,627 8,799 9,447 9,850 9,852 9,800 10,158 10,469
EBITDA 1 1,280 1,445 1,717 1,727 1,706 1,641 1,714 1,778
EBIT 1 993 1,158 1,268 1,370 1,378 1,310 1,374 1,428
Net income 1 638 755 736 912 939 926.2 984.5 1,027
Net Debt 1 -1,776 -4,477 -4,620 -4,566 -4,088 -4,236 -4,468 -5,035
Reference price 2 90.38 107.20 135.70 124.00 93.68 70.00 70.00 70.00
Nbr of stocks (in thousands) 226,819 226,819 226,819 224,216 218,584 218,524 - -
Announcement Date 3/1/22 3/1/23 2/29/24 2/27/25 3/3/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.25x1.13x6.74x1.45% 17.66B
21.67x4.2x15.34x2.91% 341B
16.01x2.5x11.02x3.91% 121B
23.93x3.61x15.19x2.4% 70.88B
44.11x7.06x30.65x2.16% 52.31B
18.58x2.65x10.98x4.79% 34B
79.76x2.44x14.86x1.68% 30.21B
14.4x1.46x8.2x3.58% 18.5B
19.92x1.41x9.02x2.64% 16.71B
48.63x6.78x33.22x1.35% 10.72B
Average 30.33x 3.32x 15.52x 2.69% 71.35B
Weighted average by Cap. 24.93x 3.74x 15.21x 2.96%

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