Company Valuation: Zoetis Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 115,457 68,303 90,615 73,508 55,448 30,562 - -
Change - -40.84% 32.67% -18.88% -24.57% -44.88% - -
Enterprise Value (EV) 1 118,564 72,626 95,138 78,091 62,178 37,683 36,941 36,271
Change - -38.75% 31% -17.92% -20.38% -39.4% -1.97% -1.81%
P/E 57.1x 32.6x 38.9x 29.8x 20.9x 13.2x 12x 11.2x
PBR 25.4x 15.4x 18.1x 15.3x 16.1x 9.25x 7.39x 6.04x
PEG - 6.33x 3x 3.78x 2.1x -1.94x 1.27x 1.5x
Capitalization / Revenue 14.8x 8.45x 10.6x 7.94x 5.86x 3.3x 3.2x 3.08x
EV / Revenue 15.2x 8.99x 11.1x 8.44x 6.57x 4.07x 3.87x 3.66x
EV / EBITDA 34.5x 20.4x 25.6x 19.3x 14.7x 9.45x 9.02x 8.44x
EV / EBIT 39.7x 23.5x 29.4x 22.1x 16.6x 10.9x 10.1x 9.53x
EV / FCF 68.3x 54.8x 58.7x 34x 27.2x 15.9x 13.1x 12.4x
FCF Yield 1.46% 1.83% 1.7% 2.94% 3.67% 6.3% 7.63% 8.08%
Dividend per Share 2 1.075 1.35 1.557 1.796 2.03 2.14 2.3 2.504
Rate of return 0.44% 0.92% 0.79% 1.1% 1.61% 2.89% 3.11% 3.39%
EPS 2 4.27 4.49 5.07 5.47 6.02 5.61 6.14 6.598
Distribution rate 25.2% 30.1% 30.7% 32.8% 33.7% 38.2% 37.5% 38%
Net sales 1 7,776 8,080 8,544 9,256 9,467 9,263 9,557 9,908
EBITDA 1 3,434 3,561 3,722 4,036 4,240 3,987 4,096 4,298
EBIT 1 2,986 3,096 3,231 3,539 3,753 3,469 3,644 3,806
Net income 1 2,037 2,114 2,344 2,486 2,673 2,361 2,488 2,527
Net Debt 1 3,107 4,323 4,523 4,583 6,730 7,121 6,379 5,709
Reference price 2 244.03 146.55 197.37 162.93 125.82 73.96 73.96 73.96
Nbr of stocks (in thousands) 473,126 466,072 459,114 451,165 440,693 413,224 - -
Announcement Date 2/15/22 2/14/23 2/13/24 2/13/25 2/12/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.01x4.02x9.35x2.93% 30.56B
171.09x2.89x14.6x-.--% 11.81B
14.6x1.12x4.14x3.36% 3.95B
16.14x1.86x9.15x0.52% 3.2B
60.56x - - 0.59% 2.18B
34.71x3.93x14.06x-.--% 1.94B
13.99x1.3x7.75x1.38% 1.41B
19.7x2.43x11.66x1.59% 1.27B
33x - - 0.45% 1.03B
Average 41.87x 2.51x 10.10x 1.2% 6.37B
Weighted average by Cap. 48.92x 3.32x 10.28x 1.92%

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