Company Valuation: Ecolab Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 67,226 41,460 56,557 66,350 74,355 77,421 - -
Change - -38.33% 36.42% 17.32% 12.06% 4.12% - -
Enterprise Value (EV) 1 75,624 49,441 63,820 72,659 81,945 89,205 87,902 86,973
Change - -34.62% 29.08% 13.85% 12.78% 8.86% -1.46% -1.06%
P/E 60x 38.2x 41.4x 31.8x 36.1x 36.4x 29.6x 25.6x
PBR 9.3x 5.77x 7.06x 7.67x 7.58x 7.16x 6.19x 5.52x
PEG - -14.94x 1.6x 0.6x -29.56x 8.59x 1.3x 1.6x
Capitalization / Revenue 5.28x 2.92x 3.69x 4.22x 4.62x 4.32x 4x 3.76x
EV / Revenue 5.94x 3.48x 4.17x 4.62x 5.1x 4.98x 4.54x 4.22x
EV / EBITDA 28.6x 18.2x 20.9x 20.4x 21.1x 20.2x 17.7x 16.1x
EV / EBIT 42x 27.9x 30x 27.7x 28.3x 27.2x 22.9x 20.5x
EV / FCF 53.3x 46x 39x 39.9x 43x 48.1x 38.4x 33.8x
FCF Yield 1.88% 2.18% 2.57% 2.5% 2.32% 2.08% 2.61% 2.95%
Dividend per Share 2 1.95 2.06 2.16 2.36 2.68 2.94 3.133 3.348
Rate of return 0.83% 1.42% 1.09% 1.01% 1.02% 1.06% 1.13% 1.21%
EPS 2 3.91 3.81 4.79 7.37 7.28 7.588 9.336 10.8
Distribution rate 49.9% 54.1% 45.1% 32% 36.8% 38.7% 33.6% 31%
Net sales 1 12,733 14,188 15,320 15,741 16,081 17,925 19,356 20,596
EBITDA 1 2,642 2,712 3,050 3,554 3,877 4,419 4,965 5,399
EBIT 1 1,799 1,773 2,126 2,619 2,901 3,283 3,836 4,246
Net income 1 1,130 1,092 1,372 2,112 2,076 2,169 2,631 3,025
Net Debt 1 8,398 7,982 7,262 6,308 7,590 11,784 10,481 9,552
Reference price 2 234.59 145.56 198.35 234.32 262.52 276.18 276.18 276.18
Nbr of stocks (in thousands) 286,567 284,828 285,140 283,162 283,236 280,329 - -
Announcement Date 2/15/22 2/14/23 2/13/24 2/11/25 2/10/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.39x4.98x20.19x1.06% 77.42B
25.07x2.98x15.45x2.08% 36.38B
28.47x4.3x18.58x2.34% 35.8B
13.65x1.33x8.16x2.32% 25.11B
37.04x9.09x26.96x2.32% 22.82B
9.61x2.64x5.21x2.84% 19.96B
23.84x2.58x10.5x1.9% 17.15B
11.78x2.38x5.37x1.38% 13.87B
22.51x2.72x12.47x1.5% 13.84B
Average 23.15x 3.67x 13.65x 1.97% 29.15B
Weighted average by Cap. 26.73x 4.03x 15.79x 1.84%

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

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