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 13,548 - -
Change - -25.56% -7.26% 14.16% -20.4% 7.82% - -
Enterprise Value (EV) 1 22,152 17,127 15,432 17,712 14,810 15,528 15,102 14,596
Change - -22.69% -9.9% 14.77% -16.38% 4.85% -2.74% -3.35%
P/E 26.4x 24.7x 19.2x 22x 19.5x 19.1x 16.7x 14.4x
PBR 3.57x 2.4x 2.12x 2.39x 2.11x 2.21x 2.05x 1.89x
PEG - -1.2x 1x 6.39x -3.37x 1.6x 1.2x 0.9x
Capitalization / Revenue 2.72x 1.7x 1.72x 1.98x 1.86x 1.98x 1.89x 1.81x
EV / Revenue 3.01x 1.95x 1.92x 2.22x 2.19x 2.27x 2.11x 1.95x
EV / EBITDA 20.6x 14.1x 13.2x 14.2x 12.3x 12.3x 11.1x 9.98x
EV / EBIT 27.9x 18.8x 17.8x 19.1x 16.5x 16.3x 14.5x 12.8x
EV / FCF 61.9x 26.7x 20.4x 25.9x 30x 21.9x 18.2x 16.4x
FCF Yield 1.61% 3.74% 4.9% 3.86% 3.33% 4.57% 5.5% 6.08%
Dividend per Share 2 0.952 1.048 1.154 1.271 1.4 1.524 1.687 1.86
Rate of return 0.84% 1.24% 1.47% 1.36% 1.79% 1.79% 1.98% 2.18%
EPS 2 4.296 3.413 4.097 4.238 3.993 4.47 5.118 5.916
Distribution rate 22.2% 30.7% 28.2% 30% 35.1% 34.1% 33% 31.4%
Net sales 1 7,351 8,772 8,020 7,981 6,758 6,833 7,168 7,491
EBITDA 1 1,077 1,216 1,165 1,251 1,208 1,260 1,355 1,462
EBIT 1 794.7 911.8 866 928.2 899.1 952.5 1,041 1,144
Net income 1 763 606.4 728.3 734.4 658.8 718.5 810.2 919.5
Net Debt 1 2,124 2,217 1,604 1,926 2,244 1,980 1,554 1,048
Reference price 2 113.25 84.24 78.66 93.25 78.00 85.35 85.35 85.35
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.($)
20.35x2.78x13.85x4.07% 242B
19.15x2.42x14.45x3.42% 76.8B
16.02x1.69x9.53x3.9% 44.46B
15.44x0.55x9.86x2.54% 40.19B
20.33x3.1x12.58x3.44% 33.74B
33.6x2.92x16.98x1.1% 29.73B
-8.59x1.86x9.28x6.58% 28.9B
64.81x9.95x41.24x1.18% 28.16B
11.48x0.38x8.58x2.56% 21.63B
Average 21.40x 2.85x 15.15x 3.2% 60.57B
Weighted average by Cap. 20.60x 2.73x 14.34x 3.58%

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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