Company Valuation: Nestlé (Malaysia)

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 31,470 32,830 27,577 23,445 26,733 21,912 - -
Change - 4.32% -16% -14.98% 14.02% -18.04% - -
Enterprise Value (EV) 1 31,809 33,609 28,286 24,539 27,515 22,753 22,763 22,758
Change - 5.66% -15.84% -13.25% 12.13% -17.31% 0.05% -0.02%
P/E 55.2x 52.9x 41.8x 56.4x 52.1x 36.6x 33.5x 31.7x
PBR 54x 52.4x 40.8x 42.9x 46.3x 37.5x 37.2x 37.2x
PEG - 5.97x 6.56x -1.5x 2.2x 2.2x 3.72x 5.38x
Capitalization / Revenue 5.49x 4.93x 3.91x 3.77x 3.89x 3.03x 2.9x 2.78x
EV / Revenue 5.55x 5.04x 4.01x 3.94x 4x 3.15x 3.02x 2.89x
EV / EBITDA 32.4x 30.5x 24.6x 29.6x 27.9x 20.8x 19.7x 18.7x
EV / EBIT 40.5x 37.2x 30.1x 40.3x 36.2x 26.3x 24.5x 23.4x
EV / FCF 51.9x 169x 30.6x 88.4x 31.2x 32.8x 30.3x 28.1x
FCF Yield 1.93% 0.59% 3.27% 1.13% 3.2% 3.05% 3.3% 3.55%
Dividend per Share 2 2.42 2.62 2.68 1.79 2.2 2.512 2.722 2.895
Rate of return 1.8% 1.87% 2.28% 1.79% 1.93% 2.69% 2.91% 3.1%
EPS 2 2.43 2.645 2.814 1.772 2.188 2.556 2.786 2.95
Distribution rate 99.6% 99% 95.2% 101% 101% 98.3% 97.7% 98.1%
Net sales 1 5,734 6,664 7,051 6,225 6,881 7,229 7,550 7,869
EBITDA 1 980.3 1,101 1,150 830.4 987.7 1,092 1,158 1,215
EBIT 1 786.1 902.9 939.3 609 760.8 864.8 929.2 972
Net income 1 569.8 620.3 659.9 415.6 513 601.1 649.4 685.7
Net Debt 1 338.8 778.7 708.8 1,093 782.4 841.1 851.4 846.2
Reference price 2 134.20 140.00 117.60 99.98 114.00 93.44 93.44 93.44
Nbr of stocks (in thousands) 234,500 234,500 234,500 234,500 234,500 234,500 - -
Announcement Date 2/22/22 2/21/23 2/27/24 2/25/25 2/25/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.56x3.15x20.84x2.69% 5.35B
13.36x1.57x10.77x5.79% 24.37B
12.14x0.81x7.15x4.01% 8.84B
20.46x1.65x12.56x1.85% 6.24B
19.87x1.15x10.88x2.05% 5.92B
8.68x1.22x4.81x5.89% 5.17B
13.01x1.62x8.17x7.32% 4.69B
10.43x0.85x3.82x7.37% 3.56B
Average 16.81x 1.50x 9.87x 4.62% 8.02B
Weighted average by Cap. 15.85x 1.50x 10.24x 4.76%

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

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  4. Valuation Nestlé (Malaysia)