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 46,848 - -
Change - -13.23% 22.11% 11.34% 17.28% -4.7% - -
Enterprise Value (EV) 1 46,030 40,937 47,867 50,516 57,587 54,909 54,089 53,444
Change - -11.06% 16.93% 5.53% 14% -4.65% -1.49% -1.19%
P/E 18.6x 33.3x 45.1x 20.8x 27.2x 19.3x 17.9x 16.7x
PBR 2.02x 1.76x 2.33x 2.59x 2.93x 2.6x 2.46x 2.32x
PEG - -0.7x -3.7x 0x -2.75x 0.6x 2.26x 2.46x
Capitalization / Revenue 1.46x 1.11x 1.36x 1.53x 1.8x 1.67x 1.6x 1.54x
EV / Revenue 1.9x 1.48x 1.73x 1.85x 2.11x 1.95x 1.84x 1.75x
EV / EBITDA 10x 7.81x 9.4x 10.7x 11.5x 11x 10.3x 9.65x
EV / EBIT 13.8x 12.1x 13.8x 14.2x 15.7x 14.3x 13.2x 12.3x
EV / FCF 18.9x 19.6x 18.2x 16.8x 20.6x 20.3x 19.4x 17.9x
FCF Yield 5.28% 5.11% 5.5% 5.94% 4.86% 4.92% 5.16% 5.58%
Dividend per Share 2 1.94 2 2.1 2.15 2.25 2.334 2.503 2.675
Rate of return 3.55% 4.06% 3.58% 3.3% 2.93% 3.19% 3.42% 3.66%
EPS 2 2.94 1.48 1.3 3.13 2.82 3.793 4.093 4.371
Distribution rate 66% 135% 162% 68.7% 79.8% 61.5% 61.1% 61.2%
Net sales 1 24,281 27,661 27,619 27,376 27,283 28,094 29,355 30,459
EBITDA 1 4,602 5,240 5,092 4,726 5,020 4,982 5,264 5,539
EBIT 1 3,337 3,377 3,481 3,558 3,665 3,830 4,096 4,331
Net income 1 1,924 959 881 2,021 1,825 2,370 2,567 2,752
Net Debt 1 10,500 10,107 10,221 8,601 8,431 8,061 7,241 6,596
Reference price 2 54.59 49.23 58.68 65.12 76.78 73.18 73.18 73.18
Nbr of stocks (in thousands) 650,849 626,246 641,543 643,653 640,218 640,173 - -
Announcement Date 2/23/22 2/22/23 2/22/24 2/26/25 2/20/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.86x2.99x14.72x3.74% 267B
20.78x2.42x14.28x3.5% 76.35B
17.88x0.53x10.29x2.56% 38.7B
21.85x3.23x13.15x3.31% 35.38B
40.28x3.38x19.99x0.88% 33.46B
11.89x1.92x9.45x6.44% 29.55B
70.82x10.56x44.87x1.08% 29.19B
13.24x0.39x9.11x2.52% 22.36B
11.51x1.81x10.35x6.75% 19.39B
Average 25.46x 3.03x 16.25x 3.42% 61.28B
Weighted average by Cap. 23.41x 2.98x 15.50x 3.48%

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