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 78,492 - -
Change - -38.33% 36.42% 17.32% 12.06% 5.56% - -
Enterprise Value (EV) 1 75,624 49,441 63,820 72,659 81,945 90,244 88,897 87,845
Change - -34.62% 29.08% 13.85% 12.78% 10.13% -1.49% -1.18%
P/E 60x 38.2x 41.4x 31.8x 36.1x 37.1x 29.8x 25.5x
PBR 9.3x 5.77x 7.06x 7.67x 7.58x 7.23x 6.24x 5.53x
PEG - -14.94x 1.6x 0.6x -29.56x 9.74x 1.2x 1.5x
Capitalization / Revenue 5.28x 2.92x 3.69x 4.22x 4.62x 4.38x 4.05x 3.81x
EV / Revenue 5.94x 3.48x 4.17x 4.62x 5.1x 5.03x 4.59x 4.26x
EV / EBITDA 28.6x 18.2x 20.9x 20.4x 21.1x 20.4x 17.9x 16.2x
EV / EBIT 42x 27.9x 30x 27.7x 28.3x 27.5x 23.2x 20.6x
EV / FCF 53.3x 46x 39x 39.9x 43x 48.2x 38.1x 33.4x
FCF Yield 1.88% 2.18% 2.57% 2.5% 2.32% 2.07% 2.63% 3%
Dividend per Share 2 1.95 2.06 2.16 2.36 2.68 2.919 3.147 3.388
Rate of return 0.83% 1.42% 1.09% 1.01% 1.02% 1.04% 1.12% 1.21%
EPS 2 3.91 3.81 4.79 7.37 7.28 7.557 9.385 10.98
Distribution rate 49.9% 54.1% 45.1% 32% 36.8% 38.6% 33.5% 30.9%
Net sales 1 12,733 14,188 15,320 15,741 16,081 17,940 19,364 20,628
EBITDA 1 2,642 2,712 3,050 3,554 3,877 4,415 4,974 5,420
EBIT 1 1,799 1,773 2,126 2,619 2,901 3,283 3,835 4,259
Net income 1 1,130 1,092 1,372 2,112 2,076 2,159 2,648 3,082
Net Debt 1 8,398 7,982 7,262 6,308 7,590 11,752 10,405 9,353
Reference price 2 234.59 145.56 198.35 234.32 262.52 280.00 280.00 280.00
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.($)
36.5x4.97x20.18x1.06% 77.33B
25.62x3.04x15.74x2.03% 37.39B
28.62x4.33x18.69x2.33% 36.29B
13.65x1.34x8.2x2.31% 24.33B
36.48x8.94x27.21x2.51% 22.64B
11.42x2.97x6.21x3.55% 21.45B
26.86x2.89x11.73x1.68% 19.32B
13.44x2.71x6.17x1.21% 15.81B
16x1.78x6.95x1.88% 14.49B
Average 23.18x 3.66x 13.46x 2.06% 29.89B
Weighted average by Cap. 26.71x 4.01x 15.61x 1.9%

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