Company Valuation: PepsiCo, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 239,843 255,191 235,666 212,201 196,596 199,890 - -
Change - 6.4% -7.65% -9.96% -7.35% 1.68% - -
Enterprise Value (EV) 1 274,189 288,914 269,768 247,241 236,248 238,156 237,324 236,612
Change - 5.37% -6.63% -8.35% -4.45% 0.81% -0.35% -0.3%
P/E Ratio 31.2x 28.5x 25.8x 22x 24x 17.9x 17x 16.1x
PBR 14.8x 14.7x 12.6x 11.6x 9.63x 8.34x 7.41x 6.74x
PEG - 1.7x 11.83x 3.7x -1.8x 0.5x 3.29x 2.77x
Capitalization / Revenue 3.02x 2.95x 2.58x 2.31x 2.09x 2.02x 1.96x 1.89x
EV / Revenue 3.45x 3.34x 2.95x 2.69x 2.52x 2.41x 2.32x 2.24x
EV / EBITDA 19.4x 19.1x 16x 13.8x 12.9x 12.2x 11.6x 11x
EV / EBIT 24x 23.4x 19.4x 16.8x 15.8x 14.8x 14.1x 13.3x
EV / FCF 39.2x 51.6x 34x 34.4x 30.8x 21.5x 20.2x 18.2x
FCF Yield 2.55% 1.94% 2.94% 2.91% 3.25% 4.66% 4.95% 5.48%
Dividend per Share 2 4.248 4.525 4.945 - - 5.874 6.178 6.526
Rate of return 2.48% 2.47% 2.92% - - 4.02% 4.22% 4.46%
EPS 2 5.49 6.42 6.56 6.95 6 8.179 8.602 9.102
Distribution rate 77.4% 70.5% 75.4% - - 71.8% 71.8% 71.7%
Net sales 1 79,474 86,392 91,471 91,854 93,925 98,995 102,105 105,792
EBITDA 1 14,124 15,088 16,823 17,858 18,363 19,542 20,407 21,608
EBIT 1 11,414 12,325 13,875 14,698 14,912 16,055 16,791 17,750
Net income 1 7,618 8,910 9,074 9,578 8,240 11,068 11,522 12,228
Net Debt 1 34,346 33,723 34,102 35,040 39,652 38,266 37,434 36,723
Reference price 2 171.47 183.07 169.40 152.89 143.78 146.25 146.25 146.25
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 Ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
19.81x2.23x12.27x2.57% 44.18B
15.85x1.45x7.23x4.03% 22.55B
25.85x0.74x9.27x1.91% 3.8B
12.95x1.63x7.48x5.63% 1.42B
13.82x1.47x8.25x3.17% 962M
Average 17.66x 1.50x 8.90x 3.46% 14.58B
Weighted average by Cap. 18.69x 1.89x 10.41x 3.06%

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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