Company Valuation: Nestlé S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 350,518 295,663 252,370 192,539 202,576 198,833 - -
Change - -15.65% -14.64% -23.71% 5.21% -1.85% - -
Enterprise Value (EV) 1 383,097 343,288 301,760 248,544 253,958 249,772 247,769 244,941
Change - -10.39% -12.1% -17.63% 2.18% -1.65% -0.8% -1.14%
P/E 21x 31.3x 23.1x 17.9x 22.4x 20.3x 17.7x 16.4x
PBR 6.62x 7.04x 7.42x 5.36x 6.17x 5.8x 5.41x 4.96x
PEG - -0.7x 1x -18.93x -1.4x 2.43x 1.2x 2x
Capitalization / Revenue 4.02x 3.13x 2.71x 2.11x 2.26x 2.21x 2.15x 2.08x
EV / Revenue 4.4x 3.64x 3.24x 2.72x 2.84x 2.77x 2.67x 2.56x
EV / EBITDA 20.6x 17.5x 15.5x 12.9x 14.1x 13.8x 12.9x 12.2x
EV / EBIT 25.3x 21.3x 18.8x 15.8x 17.6x 16.9x 15.9x 15x
EV / FCF 44.9x 52.3x 29x 23.3x 27.7x 25.5x 24.1x 21.4x
FCF Yield 2.22% 1.91% 3.45% 4.29% 3.6% 3.91% 4.15% 4.67%
Dividend per Share 2 2.8 2.95 3 3.05 3.1 3.141 3.203 3.301
Rate of return 2.2% 2.75% 3.08% 4.07% 3.94% 4.06% 4.14% 4.27%
EPS 2 6.06 3.42 4.23 4.19 3.51 3.803 4.362 4.721
Distribution rate 46.2% 86.3% 70.9% 72.8% 88.3% 82.6% 73.4% 69.9%
Net sales 1 87,088 94,424 92,998 91,354 89,490 90,057 92,661 95,678
EBITDA 1 18,559 19,644 19,511 19,286 18,022 18,049 19,203 20,139
EBIT 1 15,119 16,103 16,053 15,704 14,389 14,757 15,579 16,358
Net income 1 16,905 9,270 11,209 10,884 9,033 9,805 11,197 12,129
Net Debt 1 32,579 47,625 49,390 56,005 51,382 50,939 48,936 46,108
Reference price 2 127.44 107.14 97.51 74.88 78.74 77.30 77.30 77.30
Nbr of stocks (in thousands) 2,750,456 2,759,592 2,588,141 2,571,306 2,572,715 2,572,225 - -
Announcement Date 2/17/22 2/16/23 2/22/24 2/13/25 2/19/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.33x2.77x13.84x4.06% 239B
19.13x2.47x14.73x3.35% 78.49B
15.9x1.65x9.38x3.99% 42.3B
15.41x0.55x9.84x2.51% 40.1B
19.73x3.02x12.27x3.54% 32.76B
36.22x3.13x18.22x1.02% 31.88B
25.5x5.29x16.85x3.29% 28.98B
61.67x9.46x39.25x1.24% 27.04B
-7.9x1.77x8.83x7.15% 26.6B
Average 22.89x 3.34x 15.91x 3.35% 60.77B
Weighted average by Cap. 21.29x 2.93x 14.66x 3.6%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Nestlé S.A.

Historical PBR trend

Valuation ratios - PBR - Nestlé S.A.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Nestlé S.A.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Nestlé S.A.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Nestlé S.A.