Financials Keurig Dr Pepper Inc.

Equities

KDP

US49271V1008

Non-Alcoholic Beverages

Market Closed - Nasdaq Other stock markets 04:00:00 2024-12-10 pm EST			5-day change	1st Jan Change
33.52 ^USD	-0.24%		+3.52%	+0.60%

Dec. 04	Keurig Dr Pepper Inc. Presents at Morgan Stanley Global Consumer & Retail Conference, Dec-04-2024 10:15 AM
Nov. 27	Certain Common Stock of Keurig Dr Pepper Inc. are subject to a Lock-Up Agreement Ending on 27-NOV-2024.	CI

Projected Income Statement: Keurig Dr Pepper Inc.

income-statement-evolution-chart KEURIG-DR-PEPPER-INC

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	11,120	11,618	12,683	14,057	14,814	15,308	16,179	16,821
Change	-	4.48%	9.17%	10.83%	5.39%	3.33%	5.69%	3.97%
EBITDA ¹	3,223	3,691	3,971	4,078	4,244	4,538	4,755	4,957
Change	-	14.52%	7.59%	2.69%	4.07%	6.93%	4.79%	4.24%
EBIT ¹	2,890	3,191	3,421	3,538	3,657	3,987	4,216	4,447
Change	-	10.42%	7.21%	3.42%	3.36%	9.04%	5.72%	5.48%
Interest Paid ¹	-654	-604	-500	-693	-496	-621	-650.2	-637.6
Earnings before Tax (EBT) ¹	1,694	1,753	2,798	1,719	2,757	3,212	3,515	3,827
Change	-	3.48%	59.61%	-38.56%	60.38%	16.5%	9.44%	8.86%
Net income ¹	1,254	1,325	2,146	1,436	2,181	2,412	2,581	2,791
Change	-	5.66%	61.96%	-33.08%	51.88%	10.58%	7.03%	8.11%
Announcement Date	2/27/20	2/25/21	2/24/22	2/23/23	2/22/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	2,934	2,613	2,864	3,020	3,121	2,902	3,140	3,250	3,391	3,078	3,554	3,622	3,803	3,353	3,789	3,805	3,867	3,468	3,922	3,891	4,025	3,678	4,145	4,114	4,303	3,853	4,334	4,303
Change	-	-10.94%	9.61%	5.45%	3.34%	-7.02%	8.2%	3.5%	4.34%	-9.23%	15.46%	1.91%	5%	-11.83%	13%	0.42%	1.63%	-10.32%	13.09%	-0.79%	3.44%	-8.61%	12.69%	-0.75%	4.61%	-10.47%	12.48%	-0.72%
EBITDA ¹	900	802	903	1,001	985	876	977	1,064	1,054	870	967	1,080	1,161	833	1,006	1,116	1,289	965	1,141	1,190	1,300	1,001	1,176	1,252	1,363	1,077	1,265	1,354
Change	-	-10.89%	12.59%	10.85%	-1.6%	-11.07%	11.53%	8.9%	-0.94%	-17.46%	11.15%	11.69%	7.5%	-28.25%	20.77%	10.93%	15.5%	-25.14%	18.24%	4.29%	9.28%	-23.02%	17.45%	6.48%	8.84%	-20.94%	17.46%	6.97%
EBIT ¹	813	684	775	874	858	741	839	931	910	732	832	947	1,027	699	873	984	1,101	825	970	1,050	1,141	861	1,024	1,107	1,221	911.9	1,088	1,175
Change	-	-15.87%	13.3%	12.77%	-1.83%	-13.64%	13.23%	10.97%	-2.26%	-19.56%	13.66%	13.82%	8.45%	-31.94%	24.89%	12.71%	11.89%	-25.07%	17.58%	8.25%	8.64%	-24.52%	18.97%	8.1%	10.31%	-25.34%	19.31%	8.04%
Charge d'intérêts ¹	-157	-153	-157	-148	-146	-140	-125	-116	-119	-188	-175	-89	-123	-23	-172	-237	-64	-178	-204	-106	-158	-165	-166.5	-166.5	-166.5	-	-	-
Earnings before Tax (EBT) ¹	550	-	406	584	558	398	613	678	1,109	765	213	183	558	581	613	664	899	594	672	802	975.8	707.8	762.2	830.5	1,083	749.5	936.4	1,007
Change	-	-100%	-	43.84%	-4.45%	-28.67%	54.02%	10.6%	63.57%	-31.02%	-72.16%	-14.08%	204.92%	4.12%	5.51%	8.32%	35.39%	-33.93%	13.13%	19.35%	21.67%	-27.47%	7.68%	8.97%	30.44%	-30.81%	24.93%	7.55%
Net income ¹	406	-	298	443	428	325	448	530	843	585	218	180	453	467	503	518	693	454	515	616	765.9	-	-	-	-	-	-	-
Change	-	-100%	-	48.66%	-3.39%	-24.07%	37.85%	18.3%	59.06%	-30.6%	-62.74%	-17.43%	151.67%	3.09%	7.71%	2.98%	33.78%	-34.49%	13.44%	19.61%	24.33%	-100%	-	-	-	-	-	-
Announcement Date	2/27/20	4/27/20	7/30/20	10/29/20	2/25/21	4/29/21	7/29/21	10/28/21	2/24/22	4/28/22	7/28/22	10/27/22	2/23/23	4/27/23	7/27/23	10/26/23	2/22/24	4/25/24	7/25/24	10/24/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Keurig Dr Pepper Inc.

balance-sheet-analysis-chart KEURIG-DR-PEPPER-INC

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	14,345	13,248	11,315	11,432	12,924	13,818	13,214	12,323
Change	-	-7.65%	-14.59%	1.03%	13.05%	6.92%	-4.37%	-6.74%
Announcement Date	2/27/20	2/25/21	2/24/22	2/23/23	2/22/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Keurig Dr Pepper Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	330	461	423	353	425	550.4	581.2	603
Change	-	39.7%	-8.24%	-16.55%	20.4%	29.5%	5.6%	3.75%
Free Cash Flow (FCF) ¹	2,144	1,995	2,451	2,484	904	1,769	2,550	2,821
Change	-	-6.95%	22.86%	1.35%	-63.61%	95.69%	44.17%	10.61%
Announcement Date	2/27/20	2/25/21	2/24/22	2/23/23	2/22/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Keurig Dr Pepper Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	28.98%	31.77%	31.31%	29.01%	28.65%	29.65%	29.39%	29.47%
EBIT Margin (%)	25.99%	27.47%	26.97%	25.17%	24.69%	26.05%	26.06%	26.44%
EBT Margin (%)	15.23%	15.09%	22.06%	12.23%	18.61%	20.98%	21.73%	22.75%
Net margin (%)	11.28%	11.4%	16.92%	10.22%	14.72%	15.76%	15.96%	16.59%
FCF margin (%)	19.28%	17.17%	19.33%	17.67%	6.1%	11.56%	15.76%	16.77%
FCF / Net Income (%)	170.97%	150.57%	114.21%	172.98%	41.45%	73.35%	98.8%	101.08%
Profitability
ROA	3.51%	4%	4.54%	4.68%	4.84%	4.78%	4.99%	5.17%
ROE	7.54%	8.44%	9.34%	9.57%	9.91%	10.23%	10.6%	10.8%
Financial Health
Leverage (Debt/EBITDA)	4.45x	3.59x	2.85x	2.8x	3.05x	3.04x	2.78x	2.49x
Debt / Free cash flow	6.69x	6.64x	4.62x	4.6x	14.3x	7.81x	5.18x	4.37x
Capital Intensity
CAPEX / Current Assets (%)	2.97%	3.97%	3.34%	2.51%	2.87%	3.6%	3.59%	3.58%
CAPEX / EBITDA (%)	10.24%	12.49%	10.65%	8.66%	10.01%	12.13%	12.22%	12.16%
CAPEX / FCF (%)	15.39%	23.11%	17.26%	14.21%	47.01%	31.11%	22.79%	21.38%
Items per share
Cash flow per share ¹	1.743	1.727	2.013	1.986	0.9436	1.917	2.355	2.525
Change	-	-0.94%	16.54%	-1.33%	-52.49%	103.18%	22.84%	7.2%
Dividend per Share ¹	0.6	0.6	0.7125	0.775	0.83	0.8813	0.9292	0.9902
Change	-	0%	18.75%	8.77%	7.1%	6.18%	5.44%	6.57%
Book Value Per Share ¹	16.53	16.93	17.49	17.59	18.23	18.72	19.59	20.52
Change	-	2.43%	3.28%	0.58%	3.64%	2.7%	4.65%	4.72%
EPS ¹	0.88	0.93	1.5	1.01	1.55	1.643	1.844	1.984
Change	-	5.68%	61.29%	-32.67%	53.47%	6.03%	12.22%	7.59%
Nbr of stocks (in thousands)	1,406,787	1,407,253	1,417,962	1,417,962	1,398,336	1,356,454	1,356,454	1,356,454
Announcement Date	2/27/20	2/25/21	2/24/22	2/23/23	2/22/24	-	-	-