Company Valuation: Givaudan SA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 44,220 26,140 32,148 36,595 29,035 27,697 - -
Change - -40.89% 22.98% 13.83% -20.66% -4.61% - -
Enterprise Value (EV) 1 48,610 30,670 36,453 40,597 32,713 31,028 30,614 30,212
Change - -36.91% 18.86% 11.37% -19.42% -5.15% -1.33% -1.32%
P/E ratio 54.2x 30.6x 36.1x 33.7x 27.2x 25x 23.2x 21.9x
PBR 11.3x 6.18x 8.06x 8x 6.4x 5.55x 5.04x 4.64x
PEG - 6.53x 8.43x 1.5x -14.74x 6.5x 2.92x 3.74x
Capitalization / Revenue 6.62x 3.67x 4.65x 4.94x 3.89x 3.64x 3.48x 3.32x
EV / Revenue 7.27x 4.31x 5.27x 5.48x 4.38x 4.08x 3.85x 3.63x
EV / EBITDA 32.8x 20.8x 24.7x 23x 18.7x 17.1x 16.1x 15.3x
EV / EBIT 44.6x 27.6x 32.7x 29.1x 23.7x 21.4x 20x 18.9x
EV / FCF 47.1x 47.6x 33.2x 30.5x 27.1x 26.4x 25.1x 24.8x
FCF Yield 2.12% 2.1% 3.01% 3.28% 3.69% 3.79% 3.99% 4.03%
Dividend per Share 2 66 67 68 68 70 73.88 75.89 78.62
Rate of return 1.38% 2.36% 1.95% 1.71% 2.23% 2.46% 2.53% 2.62%
EPS 2 88.37 92.51 96.47 117.6 115.5 119.9 129.4 137
Distribution rate 74.7% 72.4% 70.5% 57.8% 60.6% 61.6% 58.6% 57.4%
Net sales 1 6,684 7,117 6,915 7,412 7,472 7,604 7,951 8,333
EBITDA 1 1,482 1,476 1,473 1,765 1,751 1,811 1,898 1,977
EBIT 1 1,089 1,112 1,116 1,394 1,381 1,449 1,533 1,603
Net income 1 821 856 893 1,090 1,071 1,119 1,201 1,277
Net Debt 1 4,390 4,530 4,305 4,002 3,678 3,331 2,918 2,515
Reference price 2 4,792.00 2,833.00 3,484.00 3,966.00 3,146.00 3,001.00 3,001.00 3,001.00
Nbr of stocks (in thousands) 9,228 9,227 9,227 9,227 9,229 9,229 - -
Announcement Date 1/28/22 1/25/23 1/25/24 1/24/25 1/29/26 - - -
1CHF in Million2CHF
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
25.45x4.14x17.39x2.42% 36.48B
41.6x5.73x23.87x0.86% 86.05B
23.04x2.6x14.03x2.33% 31.99B
14.07x1.36x8.54x2.27% 24.21B
33.45x5.15x15.27x0.84% 20.68B
21.79x3.96x10.74x0.97% 19.91B
30.72x7.12x22.83x2.88% 18.95B
18.42x1.99x7.98x1.68% 15.7B
435.34x6.06x101.4x0.12% 13.79B
21.51x2.42x11.35x1.7% 12.33B
Average 66.54x 4.05x 23.34x 1.61% 28.01B
Weighted average by Cap. 49.45x 4.37x 21.31x 1.54%

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