Company Valuation: PepsiCo, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 239,843 255,191 235,666 212,201 196,596 189,856 - -
Change - 6.4% -7.65% -9.96% -7.35% -3.43% - -
Enterprise Value (EV) 1 274,189 288,914 269,768 247,241 236,248 228,182 227,439 226,221
Change - 5.37% -6.63% -8.35% -4.45% -3.41% -0.33% -0.54%
P/E 31.2x 28.5x 25.8x 22x 24x 17.1x 16.3x 15.4x
PBR 14.8x 14.7x 12.6x 11.6x 9.63x 7.95x 7.12x 6.51x
PEG - 1.7x 11.83x 3.7x -1.8x 0.5x 2.95x 2.74x
Capitalization / Revenue 3.02x 2.95x 2.58x 2.31x 2.09x 1.92x 1.86x 1.8x
EV / Revenue 3.45x 3.34x 2.95x 2.69x 2.52x 2.31x 2.23x 2.15x
EV / EBITDA 19.4x 19.1x 16x 13.8x 12.9x 11.8x 11.3x 10.7x
EV / EBIT 24x 23.4x 19.4x 16.8x 15.8x 14.4x 13.8x 13.1x
EV / FCF 39.2x 51.6x 34x 34.4x 30.8x 21.6x 19.4x 17.7x
FCF Yield 2.55% 1.94% 2.94% 2.91% 3.25% 4.62% 5.16% 5.66%
Dividend per Share 2 4.248 4.525 4.945 - 5.622 5.842 6.141 6.516
Rate of return 2.48% 2.47% 2.92% - 3.91% 4.2% 4.41% 4.68%
EPS 2 5.49 6.42 6.56 6.95 6 8.111 8.559 9.04
Distribution rate 77.4% 70.5% 75.4% - 93.7% 72% 71.8% 72.1%
Net sales 1 79,474 86,392 91,471 91,854 93,925 98,954 101,862 105,450
EBITDA 1 14,124 15,088 16,823 17,858 18,363 19,391 20,124 21,218
EBIT 1 11,414 12,325 13,875 14,698 14,912 15,896 16,519 17,333
Net income 1 7,618 8,910 9,074 9,578 8,240 10,813 11,432 12,113
Net Debt 1 34,346 33,723 34,102 35,040 39,652 38,325 37,583 36,365
Reference price 2 171.47 183.07 169.40 152.89 143.78 139.10 139.10 139.10
Nbr of stocks (in thousands) 1,398,745 1,393,956 1,391,178 1,387,929 1,367,340 1,364,892 - -
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.($)
20.79x2.31x12.78x2.43% 46.11B
16.08x1.47x7.28x3.91% 22.79B
26.48x0.75x9.62x1.87% 3.96B
14.3x1.92x8.42x4.91% 1.59B
13.06x1.41x7.69x3.33% 910M
Average 18.14x 1.57x 9.16x 3.29% 15.07B
Weighted average by Cap. 19.43x 1.96x 10.80x 2.91%

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