Company Valuation: PepsiCo, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 239,843 255,191 235,666 212,201 196,596 195,844 - -
Change - 6.4% -7.65% -9.96% -7.35% -0.38% - -
Enterprise Value (EV) 1 274,189 288,914 269,768 247,241 236,248 234,121 233,342 232,051
Change - 5.37% -6.63% -8.35% -4.45% -0.9% -0.33% -0.55%
P/E 31.2x 28.5x 25.8x 22x 24x 17.7x 16.8x 15.9x
PBR 14.8x 14.7x 12.6x 11.6x 9.63x 8.17x 7.28x 6.61x
PEG - 1.7x 11.83x 3.7x -1.8x 0.5x 3.19x 2.81x
Capitalization / Revenue 3.02x 2.95x 2.58x 2.31x 2.09x 1.98x 1.92x 1.85x
EV / Revenue 3.45x 3.34x 2.95x 2.69x 2.52x 2.37x 2.29x 2.2x
EV / EBITDA 19.4x 19.1x 16x 13.8x 12.9x 12x 11.5x 10.8x
EV / EBIT 24x 23.4x 19.4x 16.8x 15.8x 14.6x 13.9x 13.1x
EV / FCF 39.2x 51.6x 34x 34.4x 30.8x 20.8x 19.6x 17.5x
FCF Yield 2.55% 1.94% 2.94% 2.91% 3.25% 4.8% 5.1% 5.71%
Dividend per Share 2 4.248 4.525 4.945 - - 5.87 6.178 6.541
Rate of return 2.48% 2.47% 2.92% - - 4.1% 4.31% 4.56%
EPS 2 5.49 6.42 6.56 6.95 6 8.112 8.54 9.022
Distribution rate 77.4% 70.5% 75.4% - - 72.4% 72.3% 72.5%
Net sales 1 79,474 86,392 91,471 91,854 93,925 98,898 101,971 105,668
EBITDA 1 14,124 15,088 16,823 17,858 18,363 19,510 20,320 21,511
EBIT 1 11,414 12,325 13,875 14,698 14,912 16,055 16,746 17,697
Net income 1 7,618 8,910 9,074 9,578 8,240 10,952 11,384 12,082
Net Debt 1 34,346 33,723 34,102 35,040 39,652 38,276 37,498 36,207
Reference price 2 171.47 183.07 169.40 152.89 143.78 143.29 143.29 143.29
Nbr of stocks (in thousands) 1,398,745 1,393,956 1,391,178 1,387,929 1,367,340 1,366,768 - -
Announcement Date 2/10/22 2/9/23 2/9/24 2/4/25 2/3/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.4x2.36x13.01x2.39% 46.82B
16.03x1.46x7.28x4.01% 22.71B
31.04x0.86x10.94x1.6% 4.47B
14.53x1.9x8.6x4.76% 1.58B
13.46x1.43x8.03x3.25% 931M
Average 19.29x 1.60x 9.57x 3.2% 15.3B
Weighted average by Cap. 20.13x 1.99x 11.04x 2.88%

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