Company Valuation: Nestlé S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 350,518 295,663 252,370 192,539 202,576 209,250 - -
Change - -15.65% -14.64% -23.71% 5.21% 3.3% - -
Enterprise Value (EV) 1 383,097 343,288 301,760 248,544 253,958 260,147 258,504 255,563
Change - -10.39% -12.1% -17.63% 2.18% 2.44% -0.63% -1.14%
P/E 21x 31.3x 23.1x 17.9x 22.4x 20.9x 18.6x 17.3x
PBR 6.62x 7.04x 7.42x 5.36x 6.17x 6.06x 5.62x 5.17x
PEG - -0.7x 1x -18.93x -1.4x 1.9x 1.5x 2.21x
Capitalization / Revenue 4.02x 3.13x 2.71x 2.11x 2.26x 2.33x 2.26x 2.18x
EV / Revenue 4.4x 3.64x 3.24x 2.72x 2.84x 2.9x 2.79x 2.67x
EV / EBITDA 20.6x 17.5x 15.5x 12.9x 14.1x 14.3x 13.4x 12.6x
EV / EBIT 25.3x 21.3x 18.8x 15.8x 17.6x 17.7x 16.6x 15.6x
EV / FCF 44.9x 52.3x 29x 23.3x 27.7x 26.6x 24.8x 21.5x
FCF Yield 2.22% 1.91% 3.45% 4.29% 3.6% 3.75% 4.03% 4.65%
Dividend per Share 2 2.8 2.95 3 3.05 3.1 3.137 3.2 3.301
Rate of return 2.2% 2.75% 3.08% 4.07% 3.94% 3.86% 3.93% 4.06%
EPS 2 6.06 3.42 4.23 4.19 3.51 3.892 4.366 4.708
Distribution rate 46.2% 86.3% 70.9% 72.8% 88.3% 80.6% 73.3% 70.1%
Net sales 1 87,088 94,424 92,998 91,354 89,490 89,662 92,668 95,788
EBITDA 1 18,559 19,644 19,511 19,286 18,022 18,136 19,222 20,218
EBIT 1 15,119 16,103 16,053 15,704 14,389 14,694 15,572 16,355
Net income 1 16,905 9,270 11,209 10,884 9,033 10,141 11,202 12,058
Net Debt 1 32,579 47,625 49,390 56,005 51,382 50,896 49,253 46,312
Reference price 2 127.44 107.14 97.51 74.88 78.74 81.35 81.35 81.35
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.($)
19.78x2.49x14.82x3.31% 79.23B
18.37x1.86x10.56x3.46% 50.39B
16.47x0.54x9.68x2.59% 38.49B
21.68x3.28x13.26x3.23% 35.97B
12.7x2.01x9.86x6.03% 31.59B
69.52x10.62x44.17x1.1% 30.25B
34.99x2.96x17.52x1.02% 30.01B
32.78x0.67x16.98x0.6% 21.21B
Average 28.29x 3.05x 17.11x 2.67% 39.64B
Weighted average by Cap. 25.72x 2.89x 16.05x 2.9%

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