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 42,661 - -
Change - -13.23% 22.11% 11.34% 17.28% -13.21% - -
Enterprise Value (EV) 1 46,030 40,937 47,867 50,516 57,587 50,277 49,445 48,689
Change - -11.06% 16.93% 5.53% 14% -12.69% -1.65% -1.53%
P/E 18.6x 33.3x 45.1x 20.8x 27.2x 17.6x 16.4x 15.3x
PBR 2.02x 1.76x 2.33x 2.59x 2.93x 2.34x 2.2x 2.06x
PEG - -0.7x -3.7x 0x -2.75x 0.5x 2.23x 2.21x
Capitalization / Revenue 1.46x 1.11x 1.36x 1.53x 1.8x 1.52x 1.46x 1.41x
EV / Revenue 1.9x 1.48x 1.73x 1.85x 2.11x 1.79x 1.7x 1.61x
EV / EBITDA 10x 7.81x 9.4x 10.7x 11.5x 10.1x 9.43x 8.83x
EV / EBIT 13.8x 12.1x 13.8x 14.2x 15.7x 13.1x 12.1x 11.3x
EV / FCF 18.9x 19.6x 18.2x 16.8x 20.6x 18.8x 17.6x 16.2x
FCF Yield 5.28% 5.11% 5.5% 5.94% 4.86% 5.33% 5.67% 6.16%
Dividend per Share 2 1.94 2 2.1 2.15 2.25 2.34 2.492 2.661
Rate of return 3.55% 4.06% 3.58% 3.3% 2.93% 3.51% 3.74% 3.99%
EPS 2 2.94 1.48 1.3 3.13 2.82 3.784 4.062 4.343
Distribution rate 66% 135% 162% 68.7% 79.8% 61.8% 61.3% 61.3%
Net sales 1 24,281 27,661 27,619 27,376 27,283 28,043 29,129 30,272
EBITDA 1 4,602 5,240 5,092 4,726 5,020 4,977 5,244 5,513
EBIT 1 3,337 3,377 3,481 3,558 3,665 3,833 4,083 4,313
Net income 1 1,924 959 881 2,021 1,825 2,362 2,543 2,732
Net Debt 1 10,500 10,107 10,221 8,601 8,431 7,616 6,784 6,028
Reference price 2 54.59 49.23 58.68 65.12 76.78 66.64 66.64 66.64
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.($)
19.66x2.86x14.06x3.97% 251B
20.43x2.42x14.24x3.47% 76.39B
16.78x0.52x9.91x2.72% 36.77B
21.4x3.17x12.88x3.37% 34.66B
43.32x3.63x21.55x0.82% 36.48B
68.5x10.22x43.43x1.11% 28.61B
10.52x1.78x8.78x7.28% 26.12B
12.8x0.38x8.67x2.56% 21.62B
Average 26.68x 3.12x 16.69x 3.16% 64.01B
Weighted average by Cap. 23.35x 2.95x 15.39x 3.49%

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%: Exceptional extension
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