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 45,404 - -
Change - -13.23% 22.11% 11.34% 17.28% -7.63% - -
Enterprise Value (EV) 1 46,030 40,937 47,867 50,516 57,587 53,447 52,823 52,285
Change - -11.06% 16.93% 5.53% 14% -7.19% -1.17% -1.02%
P/E 18.6x 33.3x 45.1x 20.8x 27.2x 18.7x 17.3x 16.3x
PBR 2.02x 1.76x 2.33x 2.59x 2.93x 2.58x 2.37x 2.24x
PEG - -0.7x -3.7x 0x -2.75x 0.6x 2.19x 2.57x
Capitalization / Revenue 1.46x 1.11x 1.36x 1.53x 1.8x 1.61x 1.55x 1.49x
EV / Revenue 1.9x 1.48x 1.73x 1.85x 2.11x 1.9x 1.8x 1.72x
EV / EBITDA 10x 7.81x 9.4x 10.7x 11.5x 10.9x 10x 9.48x
EV / EBIT 13.8x 12.1x 13.8x 14.2x 15.7x 13.9x 12.9x 12.1x
EV / FCF 18.9x 19.6x 18.2x 16.8x 20.6x 20.5x 18.8x 17.7x
FCF Yield 5.28% 5.11% 5.5% 5.94% 4.86% 4.87% 5.31% 5.66%
Dividend per Share 2 1.94 2 2.1 2.15 2.25 2.338 2.492 2.658
Rate of return 3.55% 4.06% 3.58% 3.3% 2.93% 3.31% 3.53% 3.77%
EPS 2 2.94 1.48 1.3 3.13 2.82 3.777 4.075 4.333
Distribution rate 66% 135% 162% 68.7% 79.8% 61.9% 61.2% 61.3%
Net sales 1 24,281 27,661 27,619 27,376 27,283 28,125 29,362 30,432
EBITDA 1 4,602 5,240 5,092 4,726 5,020 4,924 5,263 5,518
EBIT 1 3,337 3,377 3,481 3,558 3,665 3,832 4,086 4,307
Net income 1 1,924 959 881 2,021 1,825 2,321 2,582 2,765
Net Debt 1 10,500 10,107 10,221 8,601 8,431 8,043 7,419 6,881
Reference price 2 54.59 49.23 58.68 65.12 76.78 70.58 70.58 70.58
Nbr of stocks (in thousands) 650,849 626,246 641,543 643,653 640,218 643,298 - -
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.($)
19.05x1.94x10.96x3.23% 52.86B
21.17x2.93x14.49x3.81% 259B
22.1x2.52x14.88x3.32% 80.2B
17.37x0.55x10.44x2.48% 40.09B
22.97x3.38x13.78x3.15% 37.2B
13.01x2.04x10.02x5.88% 32.37B
69.43x10.63x44.05x1.1% 30.17B
34.53x2.92x17.31x1.03% 28.5B
13.94x0.4x9.18x2.47% 22.77B
Average 25.95x 3.04x 16.12x 2.94% 64.84B
Weighted average by Cap. 23.37x 2.90x 15.11x 3.34%

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