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 80,984 - -
Change - -38.33% 36.42% 17.32% 12.06% 8.92% - -
Enterprise Value (EV) 1 75,624 49,441 63,820 72,659 81,945 92,783 91,495 90,563
Change - -34.62% 29.08% 13.85% 12.78% 13.23% -1.39% -1.02%
P/E 60x 38.2x 41.4x 31.8x 36.1x 37.9x 31x 26.8x
PBR 9.3x 5.77x 7.06x 7.67x 7.58x 7.49x 6.47x 5.78x
PEG - -14.94x 1.6x 0.6x -29.56x 8.27x 1.4x 1.7x
Capitalization / Revenue 5.28x 2.92x 3.69x 4.22x 4.62x 4.52x 4.19x 3.94x
EV / Revenue 5.94x 3.48x 4.17x 4.62x 5.1x 5.18x 4.73x 4.41x
EV / EBITDA 28.6x 18.2x 20.9x 20.4x 21.1x 21x 18.5x 16.8x
EV / EBIT 42x 27.9x 30x 27.7x 28.3x 28.3x 23.9x 21.4x
EV / FCF 53.3x 46x 39x 39.9x 43x 49.7x 39.6x 34.5x
FCF Yield 1.88% 2.18% 2.57% 2.5% 2.32% 2.01% 2.53% 2.9%
Dividend per Share 2 1.95 2.06 2.16 2.36 2.68 2.941 3.125 3.349
Rate of return 0.83% 1.42% 1.09% 1.01% 1.02% 1.02% 1.08% 1.16%
EPS 2 3.91 3.81 4.79 7.37 7.28 7.614 9.329 10.77
Distribution rate 49.9% 54.1% 45.1% 32% 36.8% 38.6% 33.5% 31.1%
Net sales 1 12,733 14,188 15,320 15,741 16,081 17,924 19,342 20,558
EBITDA 1 2,642 2,712 3,050 3,554 3,877 4,419 4,957 5,387
EBIT 1 1,799 1,773 2,126 2,619 2,901 3,281 3,828 4,237
Net income 1 1,130 1,092 1,372 2,112 2,076 2,174 2,630 3,021
Net Debt 1 8,398 7,982 7,262 6,308 7,590 11,799 10,511 9,579
Reference price 2 234.59 145.56 198.35 234.32 262.52 288.89 288.89 288.89
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
37.94x5.18x20.99x1.02% 80.98B
33.68x5.12x21.82x1.89% 43.87B
24.74x2.93x15.26x2.11% 35.55B
15.47x1.6x8.91x2.7% 33.94B
38.45x6.96x18.46x1.6% 31.89B
14.61x1.4x8.64x2.18% 25.99B
41.16x10.09x30.53x2.13% 25.11B
24.49x2.65x10.77x1.84% 17.62B
8.17x2.28x4.54x3.19% 17.2B
Average 26.52x 4.24x 15.55x 2.07% 34.68B
Weighted average by Cap. 29.37x 4.48x 17.14x 1.86%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Ecolab Inc.

Historical PBR trend

Valuation ratios - PBR - Ecolab Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Ecolab Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Ecolab Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Ecolab Inc.