Company Valuation: Avery Dennison Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 17,931 14,655 16,280 15,035 14,058 13,165 - -
Change - -18.27% 11.09% -7.65% -6.5% -6.35% - -
Enterprise Value (EV) 1 20,873 14,655 19,310 17,858 17,589 16,386 16,255 16,184
Change - -29.79% 31.76% -7.52% -1.51% -6.84% -0.79% -0.44%
P/E ratio 24.5x 19.7x 32.6x 21.4x 20.7x 17x 15.1x 13.6x
PBR 9.3x - 7.65x 6.46x - 5.24x 4.99x 5.38x
PEG - 4.58x -1x 0.5x 30.12x 1.2x 1.2x 1.3x
Capitalization / Revenue 2.13x 1.62x 1.95x 1.72x 1.59x 1.42x 1.36x 1.3x
EV / Revenue 2.48x 1.62x 2.31x 2.04x 1.99x 1.77x 1.68x 1.6x
EV / EBITDA 16x 10.7x 15.3x 12.5x 12.1x 10.7x 10x 9.38x
EV / EBIT 19.6x 13.7x 20x 15.9x 15.7x 13.8x 12.7x 11.8x
EV / FCF 26.9x - 32.6x 25.5x 24.7x 19.5x 16.8x 15.4x
FCF Yield 3.71% - 3.07% 3.92% 4.05% 5.12% 5.95% 6.5%
Dividend per Share 2 2.66 - 3.18 3.45 - 3.888 3.989 4.252
Rate of return 1.23% - 1.57% 1.84% - 2.27% 2.33% 2.48%
EPS 2 8.83 9.21 6.2 8.73 8.79 10.07 11.34 12.58
Distribution rate 30.1% - 51.3% 39.5% - 38.6% 35.2% 33.8%
Net sales 1 8,408 9,039 8,364 8,756 8,856 9,275 9,647 10,121
EBITDA 1 1,308 1,364 1,262 1,434 1,452 1,532 1,626 1,726
EBIT 1 1,064 1,073 963.8 1,122 1,124 1,187 1,277 1,375
Net income 1 740.1 757.1 503 704.9 688 772.8 850.2 918.9
Net Debt 1 2,942 - 3,029 2,823 3,530 3,220 3,090 3,019
Reference price 2 216.57 181.00 202.16 187.13 181.88 171.16 171.16 171.16
Nbr of stocks (in thousands) 82,796 80,969 80,531 80,346 77,295 76,917 - -
Announcement Date 2/2/22 2/2/23 1/31/24 1/30/25 2/4/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.99x1.77x10.7x2.27% 13.17B
17.21x1.6x10.52x1.31% 16.58B
14.92x1.33x8.13x1.15% 11.87B
18.07x2.08x9.94x1.62% 11.18B
16.93x1.17x8.19x2.89% 9.58B
12.81x1.1x7.28x2.08% 4.37B
10.56x - - 3.2% 3.68B
17.29x2.34x9.82x4.69% 3.35B
13.32x1.25x6.02x0.54% 1.9B
Average 15.34x 1.58x 8.82x 2.19% 8.41B
Weighted average by Cap. 16.23x 1.60x 9.41x 1.96%

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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