Company Valuation: Danone

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 35,530 30,830 37,646 41,915 49,156 40,039 - -
Change - -13.23% 22.11% 11.34% 17.28% -18.55% - -
Enterprise Value (EV) 1 46,030 40,937 47,867 50,516 57,587 48,713 47,743 46,904
Change - -11.06% 16.93% 5.53% 14% -15.41% -1.99% -1.76%
P/E 18.6x 33.3x 45.1x 20.8x 27.2x 16.7x 15.3x 14.3x
PBR 2.02x 1.76x 2.33x 2.59x 2.93x 2.24x 2.11x 1.99x
PEG - -0.7x -3.7x 0x -2.75x 0.5x 1.71x 2.06x
Capitalization / Revenue 1.46x 1.11x 1.36x 1.53x 1.8x 1.42x 1.36x 1.31x
EV / Revenue 1.9x 1.48x 1.73x 1.85x 2.11x 1.73x 1.62x 1.54x
EV / EBITDA 10x 7.81x 9.4x 10.7x 11.5x 9.84x 9.1x 8.54x
EV / EBIT 13.8x 12.1x 13.8x 14.2x 15.7x 12.7x 11.7x 10.9x
EV / FCF 18.9x 19.6x 18.2x 16.8x 20.6x 19.9x 17.1x 16x
FCF Yield 5.28% 5.11% 5.5% 5.94% 4.86% 5.03% 5.85% 6.25%
Dividend per Share 2 1.94 2 2.1 2.15 2.25 2.336 2.49 2.644
Rate of return 3.55% 4.06% 3.58% 3.3% 2.93% 3.75% 4% 4.25%
EPS 2 2.94 1.48 1.3 3.13 2.82 3.723 4.056 4.338
Distribution rate 66% 135% 162% 68.7% 79.8% 62.8% 61.4% 61%
Net sales 1 24,281 27,661 27,619 27,376 27,283 28,130 29,448 30,547
EBITDA 1 4,602 5,240 5,092 4,726 5,020 4,948 5,244 5,489
EBIT 1 3,337 3,377 3,481 3,558 3,665 3,828 4,090 4,308
Net income 1 1,924 959 881 2,021 1,825 2,348 2,558 2,743
Net Debt 1 10,500 10,107 10,221 8,601 8,431 8,674 7,704 6,865
Reference price 2 54.59 49.23 58.68 65.12 76.78 62.24 62.24 62.24
Nbr of stocks (in thousands) 650,849 626,246 641,543 643,653 640,218 643,298 - -
Announcement Date 2/23/22 2/22/23 2/22/24 2/26/25 2/20/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.72x1.73x9.84x3.75% 44.84B
21.86x2.95x14.5x3.75% 261B
19.85x2.54x15.12x3.22% 81.43B
14.82x0.53x9.51x2.6% 38.62B
20.53x3.13x12.73x3.4% 34.09B
34.67x3x17.5x1.07% 30.83B
-8.74x1.88x9.42x6.47% 29.41B
26.06x5.42x17.27x3.22% 29.7B
17.57x1.69x11.92x4.85% 26.73B
54.26x8.28x34.44x1.39% 23.84B
Average 21.76x 3.12x 15.22x 3.37% 60.05B
Weighted average by Cap. 21.14x 2.88x 14.53x 3.51%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Danone

Historical PBR trend

Valuation ratios - PBR - Danone

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Danone

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Danone


Year-on-year evolution of the Yield

Valuation ratios - Yield - Danone