Company Valuation: Nestlé S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 350,518 295,663 252,370 192,539 202,576 204,698 - -
Change - -15.65% -14.64% -23.71% 5.21% 1.05% - -
Enterprise Value (EV) 1 383,097 343,288 301,760 248,544 253,958 255,285 253,976 251,971
Change - -10.39% -12.1% -17.63% 2.18% 0.52% -0.51% -0.79%
P/E Ratio 21x 31.3x 23.1x 17.9x 22.4x 19.8x 18.4x 17.1x
PBR 6.62x 7.04x 7.42x 5.36x 6.17x 5.77x 5.38x 4.93x
PEG - -0.7x 1x -18.93x -1.4x 1.4x 2.49x 2.1x
Capitalization / Revenue 4.02x 3.13x 2.71x 2.11x 2.26x 2.31x 2.23x 2.16x
EV / Revenue 4.4x 3.64x 3.24x 2.72x 2.84x 2.88x 2.77x 2.66x
EV / EBITDA 20.6x 17.5x 15.5x 12.9x 14.1x 14.1x 13.4x 12.7x
EV / EBIT 25.3x 21.3x 18.8x 15.8x 17.6x 17.7x 16.7x 15.8x
EV / FCF 44.9x 52.3x 29x 23.3x 27.7x 25.8x 24.4x 21.8x
FCF Yield 2.22% 1.91% 3.45% 4.29% 3.6% 3.88% 4.1% 4.58%
Dividend per Share 2 2.8 2.95 3 3.05 3.1 3.139 3.193 3.291
Rate of return 2.2% 2.75% 3.08% 4.07% 3.94% 3.94% 4.01% 4.14%
EPS 2 6.06 3.42 4.23 4.19 3.51 4.018 4.315 4.666
Distribution rate 46.2% 86.3% 70.9% 72.8% 88.3% 78.1% 74% 70.5%
Net sales 1 87,088 94,424 92,998 91,354 89,490 88,703 91,694 94,652
EBITDA 1 18,559 19,644 19,511 19,286 18,022 18,053 18,985 19,894
EBIT 1 15,119 16,103 16,053 15,704 14,389 14,407 15,221 15,944
Net income 1 16,905 9,270 11,209 10,884 9,033 10,375 11,117 11,996
Net Debt 1 32,579 47,625 49,390 56,005 51,382 50,587 49,278 47,273
Reference price 2 127.44 107.14 97.51 74.88 78.74 79.58 79.58 79.58
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 Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.11x2.48x14.62x3.35% 78.94B
17.56x1.79x10.08x3.52% 49.36B
17.43x0.53x10.23x2.62% 38.2B
22.56x3.34x13.57x3.18% 36.74B
37.77x3.28x18.28x0.94% 30.23B
11.46x1.88x9.25x6.69% 28.45B
67.16x10.02x42.57x1.13% 28.04B
14.13x0.4x9.23x2.32% 23.86B
Average 26.15x 2.96x 15.98x 2.97% 39.23B
Weighted average by Cap. 24.59x 2.77x 15.20x 3.06%

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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