Company Valuation: Kesko Oyj

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 11,373 8,161 7,142 7,220 7,665 8,944 - -
Change - -28.24% -12.49% 1.09% 6.17% 16.68% - -
Enterprise Value (EV) 1 13,281 10,265 9,702 10,128 11,071 12,368 12,530 12,552
Change - -22.7% -5.49% 4.39% 9.32% 11.71% 1.31% 0.18%
P/E 20.4x 13.5x 14.3x 19.1x 18.9x 19.5x 17.4x 16.4x
PBR 3.44x 2.99x 2.59x 2.66x 2.74x 3.04x 3.01x 2.89x
PEG - 2.16x -0.8x -0.8x 2.57x 1.4x 1.4x 2.76x
Capitalization / Revenue 0.99x 0.68x 0.61x 0.61x 0.6x 0.68x 0.65x 0.64x
EV / Revenue 1.15x 0.85x 0.82x 0.85x 0.87x 0.94x 0.92x 0.89x
EV / EBITDA 10.5x 7.85x 7.87x 8.42x 9x 9.32x 8.81x 8.45x
EV / EBIT 17.1x 12.6x 13.6x 15.6x 16.9x 17.5x 16.3x 15.5x
EV / FCF 15.2x 22x 26.2x 30.5x 76.9x 20.6x 16.8x 16.3x
FCF Yield 6.59% 4.54% 3.82% 3.28% 1.3% 4.84% 5.95% 6.15%
Dividend per Share 2 1.06 1.08 1.02 1.02 0.9 0.9433 1.038 1.09
Rate of return 3.61% 5.24% 5.69% 5.61% 4.68% 4.17% 4.59% 4.81%
EPS 2 1.44 1.53 1.25 0.95 1.02 1.16 1.302 1.38
Distribution rate 73.6% 70.6% 81.6% 107% 88.2% 81.3% 79.7% 79%
Net sales 1 11,499 12,039 11,784 11,920 12,768 13,154 13,674 14,056
EBITDA 1 1,263 1,308 1,232 1,203 1,230 1,327 1,422 1,485
EBIT 1 775.5 815.1 712 650.1 654.9 707 769.6 807.9
Net income 1 571.8 609.9 495.6 379.1 404.2 460.7 519.7 550.7
Net Debt 1 1,907 2,104 2,560 2,908 3,406 3,424 3,586 3,608
Reference price 2 29.34 20.62 17.92 18.18 19.25 22.64 22.64 22.64
Nbr of stocks (in thousands) 397,115 397,457 397,770 397,956 398,119 398,342 - -
Announcement Date 2/3/22 2/2/23 1/30/24 2/5/25 2/5/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.81x0.86x5.8x6.36% 37.14B
35.47x1.46x18.28x0.34% 28.07B
17.03x0.6x6.84x2.91% 28.1B
68.97x3.05x39.99x-.--% 25.96B
26.98x0.84x9.01x3.56% 22.81B
11.55x0.24x4.41x6.38% 13.43B
16.7x0.39x5.7x3.67% 13.15B
7.27x1.62x5.56x2.76% 10.79B
20.69x0.8x8.73x2.75% 10.55B
Average 24.94x 1.10x 11.59x 3.19% 21.11B
Weighted average by Cap. 27.83x 1.17x 12.90x 3.16%

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