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 13,270 - -
Change - -25.56% -7.26% 14.16% -20.4% 5.61% - -
Enterprise Value (EV) 1 22,152 17,127 15,432 17,712 14,810 15,256 14,871 14,424
Change - -22.69% -9.9% 14.77% -16.38% 3.01% -2.53% -3%
P/E 26.4x 24.7x 19.2x 22x 19.5x 18.7x 16.4x 14.4x
PBR 3.57x 2.4x 2.12x 2.39x 2.11x 2.16x 2.01x 1.87x
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 1.94x 1.85x 1.77x
EV / Revenue 3.01x 1.95x 1.92x 2.22x 2.19x 2.23x 2.08x 1.93x
EV / EBITDA 20.6x 14.1x 13.2x 14.2x 12.3x 12.1x 11x 9.89x
EV / EBIT 27.9x 18.8x 17.8x 19.1x 16.5x 16x 14.3x 12.7x
EV / FCF 61.9x 26.7x 20.4x 25.9x 30x 21.6x 18.1x 16.5x
FCF Yield 1.61% 3.74% 4.9% 3.86% 3.33% 4.64% 5.52% 6.07%
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% 1.82% 2.02% 2.23%
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 83.60 83.60 83.60
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.($)
20.67x2.82x14.05x4% 249B
19.61x2.47x14.73x3.34% 78.63B
17.15x1.78x10.08x3.65% 48.13B
15.66x0.56x10.17x2.47% 40.75B
21.31x3.23x13.12x3.28% 35.36B
36.62x3.17x18.24x1% 31.82B
-25.41x1.93x9.62x6.19% 30.68B
66.86x10.26x42.56x1.14% 29.33B
Average 21.56x 3.28x 16.57x 3.13% 67.95B
Weighted average by Cap. 20.70x 2.91x 14.98x 3.5%

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