Company Valuation: Kerry Group plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 20,028 14,909 13,827 15,786 12,566 13,342 - -
Change - -25.56% -7.26% 14.16% -20.4% 6.18% - -
Enterprise Value (EV) 1 22,152 17,127 15,432 17,712 14,810 15,328 14,942 14,496
Change - -22.69% -9.9% 14.77% -16.38% 3.5% -2.51% -2.99%
P/E 26.4x 24.7x 19.2x 22x 19.5x 18.8x 16.5x 14.5x
PBR 3.57x 2.4x 2.12x 2.39x 2.11x 2.18x 2.02x 1.88x
PEG - -1.2x 1x 6.39x -3.37x 1.5x 1.2x 1.1x
Capitalization / Revenue 2.72x 1.7x 1.72x 1.98x 1.86x 1.95x 1.86x 1.78x
EV / Revenue 3.01x 1.95x 1.92x 2.22x 2.19x 2.24x 2.09x 1.94x
EV / EBITDA 20.6x 14.1x 13.2x 14.2x 12.3x 12.2x 11x 9.94x
EV / EBIT 27.9x 18.8x 17.8x 19.1x 16.5x 16.1x 14.4x 12.7x
EV / FCF 61.9x 26.7x 20.4x 25.9x 30x 21.7x 18.2x 16.5x
FCF Yield 1.61% 3.74% 4.9% 3.86% 3.33% 4.62% 5.49% 6.04%
Dividend per Share 2 0.952 1.048 1.154 1.271 1.4 1.524 1.689 1.862
Rate of return 0.84% 1.24% 1.47% 1.36% 1.79% 1.81% 2.01% 2.22%
EPS 2 4.296 3.413 4.097 4.238 3.993 4.478 5.102 5.796
Distribution rate 22.2% 30.7% 28.2% 30% 35.1% 34% 33.1% 32.1%
Net sales 1 7,351 8,772 8,020 7,981 6,758 6,829 7,156 7,480
EBITDA 1 1,077 1,216 1,165 1,251 1,208 1,259 1,355 1,459
EBIT 1 794.7 911.8 866 928.2 899.1 950.9 1,039 1,139
Net income 1 763 606.4 728.3 734.4 658.8 726.1 805 897.7
Net Debt 1 2,124 2,217 1,604 1,926 2,244 1,986 1,601 1,154
Reference price 2 113.25 84.24 78.66 93.25 78.00 84.05 84.05 84.05
Nbr of stocks (in thousands) 176,845 176,985 175,788 169,284 161,097 158,734 - -
Announcement Date 2/16/22 2/16/23 2/15/24 2/18/25 2/17/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.62x2.81x14.03x4.01% 249B
19.51x2.46x14.67x3.36% 78.21B
16.93x1.77x9.97x3.69% 47.64B
15.67x0.56x10.17x2.46% 40.78B
20.96x3.18x12.93x3.34% 34.79B
35.46x3.08x17.84x1.04% 31.65B
-15.21x1.89x9.38x6.46% 29.47B
65.78x10.1x41.87x1.16% 29B
Average 22.47x 3.23x 16.36x 3.19% 67.54B
Weighted average by Cap. 21.12x 2.88x 14.86x 3.53%

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