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 75,740 - -
Change - -38.33% 36.42% 17.32% 12.06% 1.86% - -
Enterprise Value (EV) 1 75,624 49,441 63,820 72,659 81,945 86,380 85,009 83,950
Change - -34.62% 29.08% 13.85% 12.78% 5.41% -1.59% -1.25%
P/E 60x 38.2x 41.4x 31.8x 36.1x 33.7x 28.4x 24.7x
PBR 9.3x 5.77x 7.06x 7.67x - 6.85x 5.95x 5.38x
PEG - -14.94x 1.6x 0.6x -29.56x 3.51x 1.5x 1.7x
Capitalization / Revenue 5.28x 2.92x 3.69x 4.22x 4.62x 4.28x 4.02x 3.81x
EV / Revenue 5.94x 3.48x 4.17x 4.62x 5.1x 4.88x 4.51x 4.22x
EV / EBITDA 28.6x 18.2x 20.9x 20.4x 21.1x 19.6x 17.3x 15.5x
EV / EBIT 42x 27.9x 30x 27.7x 28.3x 26.2x 22.7x 20.1x
EV / FCF 53.3x 46x 39x 39.9x 43x 46.1x 35.4x 34x
FCF Yield 1.88% 2.18% 2.57% 2.5% 2.32% 2.17% 2.82% 2.95%
Dividend per Share 2 1.95 2.06 2.16 2.36 - 2.919 3.147 3.41
Rate of return 0.83% 1.42% 1.09% 1.01% - 1.08% 1.17% 1.27%
EPS 2 3.91 3.81 4.79 7.37 7.28 7.979 9.489 10.89
Distribution rate 49.9% 54.1% 45.1% 32% - 36.6% 33.2% 31.3%
Net sales 1 12,733 14,188 15,320 15,741 16,081 17,702 18,831 19,876
EBITDA 1 2,642 2,712 3,050 3,554 3,877 4,406 4,918 5,433
EBIT 1 1,799 1,773 2,126 2,619 2,901 3,298 3,747 4,170
Net income 1 1,130 1,092 1,372 2,112 2,076 2,271 2,697 3,040
Net Debt 1 8,398 7,982 7,262 6,308 7,590 10,639 9,269 8,210
Reference price 2 234.59 145.56 198.35 234.32 262.52 269.12 269.12 269.12
Nbr of stocks (in thousands) 286,567 284,828 285,140 283,162 283,236 281,438 - -
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.($)
28.1x4.43x18.92x2.27% 37.17B
22.83x2.72x14.12x2.34% 32.51B
15.25x1.45x9.17x2.07% 25.08B
12.51x3.1x6.64x3.22% 22.76B
34.01x8.16x25.19x2.73% 20.58B
27.03x2.87x11.73x1.83% 19.33B
15.37x3.2x6.91x1.02% 18.91B
30.66x3.63x14.59x0.35% 13.59B
22.14x2.68x12.3x1.53% 13.53B
Average 23.10x 3.58x 13.29x 1.93% 22.61B
Weighted average by Cap. 23.02x 3.59x 13.68x 2.07%

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

-40%: Exceptional extension
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