Company Valuation: PepsiCo, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 239,843 255,191 235,666 212,201 196,596 187,509 - -
Change - 6.4% -7.65% -9.96% -7.35% -4.62% - -
Enterprise Value (EV) 1 274,189 288,914 269,768 247,241 236,248 225,461 224,180 222,591
Change - 5.37% -6.63% -8.35% -4.45% -4.57% -0.57% -0.71%
P/E 31.2x 28.5x 25.8x 22x 24x 16.9x 16.2x 15.4x
PBR 14.8x 14.7x 12.6x 11.6x 9.63x 7.85x 7.04x 6.44x
PEG - 1.7x 11.83x 3.7x -1.8x 0.5x 3.52x 2.95x
Capitalization / Revenue 3.02x 2.95x 2.58x 2.31x 2.09x 1.9x 1.84x 1.78x
EV / Revenue 3.45x 3.34x 2.95x 2.69x 2.52x 2.28x 2.2x 2.11x
EV / EBITDA 19.4x 19.1x 16x 13.8x 12.9x 11.6x 11.1x 10.4x
EV / EBIT 24x 23.4x 19.4x 16.8x 15.8x 14.2x 13.5x 12.8x
EV / FCF 39.2x 51.6x 34x 34.4x 30.8x 20.8x 18.9x 17.2x
FCF Yield 2.55% 1.94% 2.94% 2.91% 3.25% 4.81% 5.3% 5.82%
Dividend per Share 2 4.248 4.525 4.945 - 5.622 5.849 6.154 6.516
Rate of return 2.48% 2.47% 2.92% - 3.91% 4.26% 4.48% 4.74%
EPS 2 5.49 6.42 6.56 6.95 6 8.131 8.505 8.948
Distribution rate 77.4% 70.5% 75.4% - 93.7% 71.9% 72.4% 72.8%
Net sales 1 79,474 86,392 91,471 91,854 93,925 98,933 101,850 105,511
EBITDA 1 14,124 15,088 16,823 17,858 18,363 19,458 20,182 21,353
EBIT 1 11,414 12,325 13,875 14,698 14,912 15,925 16,550 17,390
Net income 1 7,618 8,910 9,074 9,578 8,240 10,852 11,299 11,968
Net Debt 1 34,346 33,723 34,102 35,040 39,652 37,952 36,671 35,082
Reference price 2 171.47 183.07 169.40 152.89 143.78 137.38 137.38 137.38
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.43x2.37x13.02x2.39% 46.93B
15.45x1.41x7.05x4.16% 21.89B
28.65x0.8x10.17x1.74% 4.15B
14.29x1.89x8.5x4.83% 1.57B
13.56x1.44x8.09x3.23% 943M
Average 18.68x 1.58x 9.37x 3.27% 15.1B
Weighted average by Cap. 19.84x 1.98x 10.98x 2.93%

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