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 46,989 - -
Change - -13.23% 22.11% 11.34% 17.28% -4.41% - -
Enterprise Value (EV) 1 46,030 40,937 47,867 50,516 57,587 55,050 54,230 53,584
Change - -11.06% 16.93% 5.53% 14% -4.41% -1.49% -1.19%
P/E 18.6x 33.3x 45.1x 20.8x 27.2x 19.4x 17.9x 16.8x
PBR 2.02x 1.76x 2.33x 2.59x 2.93x 2.61x 2.46x 2.33x
PEG - -0.7x -3.7x 0x -2.75x 0.6x 2.26x 2.48x
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 1.96x 1.85x 1.76x
EV / EBITDA 10x 7.81x 9.4x 10.7x 11.5x 11x 10.3x 9.67x
EV / EBIT 13.8x 12.1x 13.8x 14.2x 15.7x 14.4x 13.2x 12.4x
EV / FCF 18.9x 19.6x 18.2x 16.8x 20.6x 20.4x 19.4x 18x
FCF Yield 5.28% 5.11% 5.5% 5.94% 4.86% 4.91% 5.15% 5.56%
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% 3.18% 3.41% 3.64%
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 73.40 73.40 73.40
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.98x3.01x14.78x3.72% 271B
21.27x2.47x14.55x3.41% 78.19B
17.1x0.52x10.04x2.68% 37.01B
22.82x3.36x13.68x3.17% 36.95B
43.57x3.64x21.55x0.82% 36.55B
12.11x1.94x9.56x6.33% 30.08B
71.25x10.64x45.18x1.07% 29.56B
12.23x0.38x8.68x2.73% 20.66B
Average 27.67x 3.24x 17.25x 2.99% 67.46B
Weighted average by Cap. 24.34x 3.08x 15.95x 3.33%

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