Company Valuation: PepsiCo, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 239,843 255,191 235,666 212,201 196,596 192,933 - -
Change - 6.4% -7.65% -9.96% -7.35% -1.86% - -
Enterprise Value (EV) 1 274,189 288,914 269,768 247,241 236,248 231,198 230,396 229,086
Change - 5.37% -6.63% -8.35% -4.45% -2.14% -0.35% -0.57%
P/E 31.2x 28.5x 25.8x 22x 24x 17.4x 16.5x 15.6x
PBR 14.8x 14.7x 12.6x 11.6x 9.63x 8.05x 7.16x 6.5x
PEG - 1.7x 11.83x 3.7x -1.8x 0.5x 3.13x 2.76x
Capitalization / Revenue 3.02x 2.95x 2.58x 2.31x 2.09x 1.95x 1.89x 1.82x
EV / Revenue 3.45x 3.34x 2.95x 2.69x 2.52x 2.34x 2.26x 2.17x
EV / EBITDA 19.4x 19.1x 16x 13.8x 12.9x 11.8x 11.3x 10.6x
EV / EBIT 24x 23.4x 19.4x 16.8x 15.8x 14.4x 13.7x 12.9x
EV / FCF 39.2x 51.6x 34x 34.4x 30.8x 20.6x 19.4x 17.3x
FCF Yield 2.55% 1.94% 2.94% 2.91% 3.25% 4.86% 5.17% 5.78%
Dividend per Share 2 4.248 4.525 4.945 - - 5.872 6.178 6.541
Rate of return 2.48% 2.47% 2.92% - - 4.16% 4.38% 4.63%
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 98,948 102,036 105,760
EBITDA 1 14,124 15,088 16,823 17,858 18,363 19,514 20,330 21,529
EBIT 1 11,414 12,325 13,875 14,698 14,912 16,065 16,760 17,716
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 38,265 37,463 36,153
Reference price 2 171.47 183.07 169.40 152.89 143.78 141.16 141.16 141.16
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.($)
16.57x2.26x11.43x4.34% 185B
20.22x2.27x12.48x2.52% 44.41B
15.76x1.44x7.18x4.08% 22.32B
30.02x0.84x10.6x1.66% 4.31B
14.45x1.89x8.55x4.78% 1.57B
13.56x1.44x8.09x3.23% 932M
Average 18.43x 1.69x 9.72x 3.43% 43.1B
Weighted average by Cap. 17.32x 2.16x 11.20x 3.96%

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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