Company Valuation: Nestlé S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 350,518 295,663 252,370 192,539 202,576 194,357 - -
Change - -15.65% -14.64% -23.71% 5.21% -4.06% - -
Enterprise Value (EV) 1 383,097 343,288 301,760 248,544 253,958 245,280 243,419 240,409
Change - -10.39% -12.1% -17.63% 2.18% -3.42% -0.76% -1.24%
P/E 21x 31.3x 23.1x 17.9x 22.4x 19.9x 17.3x 16.1x
PBR 6.62x 7.04x 7.42x 5.36x 6.17x 5.53x 5.24x 4.8x
PEG - -0.7x 1x -18.93x -1.4x 2.38x 1.2x 2x
Capitalization / Revenue 4.02x 3.13x 2.71x 2.11x 2.26x 2.16x 2.09x 2.03x
EV / Revenue 4.4x 3.64x 3.24x 2.72x 2.84x 2.72x 2.62x 2.51x
EV / EBITDA 20.6x 17.5x 15.5x 12.9x 14.1x 13.6x 12.7x 11.9x
EV / EBIT 25.3x 21.3x 18.8x 15.8x 17.6x 16.6x 15.6x 14.7x
EV / FCF 44.9x 52.3x 29x 23.3x 27.7x 25.1x 23.5x 20.6x
FCF Yield 2.22% 1.91% 3.45% 4.29% 3.6% 3.99% 4.26% 4.86%
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% 4.16% 4.24% 4.37%
EPS 2 6.06 3.42 4.23 4.19 3.51 3.804 4.355 4.706
Distribution rate 46.2% 86.3% 70.9% 72.8% 88.3% 82.6% 73.6% 70.1%
Net sales 1 87,088 94,424 92,998 91,354 89,490 90,036 92,851 95,901
EBITDA 1 18,559 19,644 19,511 19,286 18,022 18,048 19,240 20,193
EBIT 1 15,119 16,103 16,053 15,704 14,389 14,756 15,616 16,403
Net income 1 16,905 9,270 11,209 10,884 9,033 9,806 11,172 12,078
Net Debt 1 32,579 47,625 49,390 56,005 51,382 50,923 49,062 46,051
Reference price 2 127.44 107.14 97.51 74.88 78.74 75.56 75.56 75.56
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.($)
19.86x2.72x13.59x4.16% 233B
18.47x2.4x14.32x3.47% 75.79B
15.87x1.65x9.4x3.99% 42.32B
15.06x0.54x9.65x2.56% 39.2B
36.6x3.16x18.4x1.01% 32.27B
19.41x2.97x12.09x3.6% 32.22B
25.03x5.24x16.69x3.35% 28.39B
61.15x9.39x38.93x1.24% 26.33B
Average 26.43x 3.51x 16.63x 2.92% 63.71B
Weighted average by Cap. 22.41x 2.95x 14.74x 3.49%

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.