Price to Earnings (P/E)
since 2008
Calculation
Keurig Dr Pepper Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss) attributable to KDP1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 24, 2022 | 24.22 | = | 36.65 | ÷ | 1.51 | 1.51 | = | 2,146 | ÷ | 1,418,158,363 | |
| Feb 25, 2021 | 32.78 | = | 30.86 | ÷ | 0.94 | 0.94 | = | 1,325 | ÷ | 1,407,267,272 | |
| Feb 27, 2020 | 31.69 | = | 28.24 | ÷ | 0.89 | 0.89 | = | 1,254 | ÷ | 1,406,986,313 | |
| Feb 28, 2019 | 60.35 | = | 25.15 | ÷ | 0.42 | 0.42 | = | 586 | ÷ | 1,406,081,521 | |
| Feb 14, 2018 | 19.20 | = | 114.91 | ÷ | 5.99 | 5.99 | = | 1,076 | ÷ | 179,744,078 | |
| Feb 14, 2017 | 20.12 | = | 93.07 | ÷ | 4.63 | 4.63 | = | 847 | ÷ | 183,094,247 | |
| Feb 23, 2016 | 22.58 | = | 92.09 | ÷ | 4.08 | 4.08 | = | 764 | ÷ | 187,349,988 | |
| Feb 19, 2015 | 21.47 | = | 78.22 | ÷ | 3.64 | 3.64 | = | 703 | ÷ | 192,962,748 | |
| Feb 20, 2014 | 16.27 | = | 51.47 | ÷ | 3.16 | 3.16 | = | 624 | ÷ | 197,274,122 | |
| Feb 21, 2013 | 13.78 | = | 42.57 | ÷ | 3.09 | 3.09 | = | 629 | ÷ | 203,632,429 | |
| Feb 22, 2012 | 13.61 | = | 38.88 | ÷ | 2.86 | 2.86 | = | 606 | ÷ | 212,073,549 | |
| Feb 22, 2011 | 15.19 | = | 35.80 | ÷ | 2.36 | 2.36 | = | 528 | ÷ | 223,974,770 | |
| Mar 1, 2010 | 14.28 | = | 31.18 | ÷ | 2.18 | 2.18 | = | 555 | ÷ | 254,115,758 | |
| Mar 26, 2009 | — | = | 17.87 | ÷ | -1.23 | -1.23 | = | -312 | ÷ | 253,827,507 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Keurig Dr Pepper Inc. Annual Report.
- Share Price Trend
- The share price demonstrated a consistent upward trajectory from 2009 through 2018, increasing from $17.87 to a peak of $114.91 in 2018. However, in 2019, there was a significant decline to $25.15, followed by a gradual recovery in the subsequent years, reaching $36.65 by 2022. This pattern indicates a period of strong growth followed by a sharp correction and partial recovery.
- Earnings Per Share (EPS) Development
- EPS shifted from a negative value of -$1.23 in 2009 to a positive and generally increasing trend through 2018, reaching $5.99. After 2018, EPS declined sharply to $0.42 in 2019 but then gradually improved each year, reaching $1.51 by 2022. The initial growth period reflects improving profitability, while the post-2018 decline suggests operational challenges or impacts on earnings, with some recovery thereafter.
- Price-to-Earnings (P/E) Ratio Analysis
- The P/E ratio started with single-year data from 2010, showing moderate values mostly in the range of 13.6 to 22.6 until 2018. In 2018, there was a notable spike to over 60, corresponding with the sharp drop in EPS despite relatively high share prices. Following 2018, the P/E ratio decreased to around the low 20s by 2022, indicating a normalization relative to earnings. The elevated P/E in 2018 signals a disconnect between share price and earnings, likely caused by the earnings contraction.
- Overall Observations
- The data reveals a strong growth phase from 2009 through 2018 in both share price and EPS, underpinned by reasonable P/E ratios. Post-2018, the company faced considerable challenges as evidenced by a steep fall in EPS and share price, with P/E ratios reflecting volatility and adjustment to these changes. The gradual recovery in the latest periods suggests a stabilization process but at levels below the previous peaks of growth.
Comparison to Competitors
Keurig Dr Pepper Inc., P/E, long-term trends, comparison to competitors
| Keurig Dr Pepper Inc. | Coca-Cola Co. | Mondelēz International Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|---|
| Feb 24, 2022 | 24.22 | 27.63 | 21.64 | 30.58 | 18.37 |
| Feb 25, 2021 | 32.78 | 27.91 | 22.33 | 26.15 | 16.55 |
| Feb 27, 2020 | 31.69 | 28.21 | 21.72 | 27.83 | 18.94 |
| Feb 28, 2019 | 60.35 | 30.47 | 20.03 | 13.01 | 15.08 |
| Feb 14, 2018 | 19.20 | 150.54 | 21.45 | 32.81 | 26.52 |
| Feb 14, 2017 | 20.12 | 27.48 | 41.76 | 24.09 | 22.84 |
| Feb 23, 2016 | 22.58 | 26.01 | 8.59 | 25.72 | 20.57 |
| Feb 19, 2015 | 21.47 | 25.87 | 27.92 | 22.86 | 17.14 |
| Feb 20, 2014 | 16.27 | 19.54 | 14.69 | 17.66 | 14.60 |
| Feb 21, 2013 | 13.78 | 19.00 | 15.56 | 18.84 | 17.49 |
| Feb 22, 2012 | 13.61 | 18.27 | 19.01 | 15.45 | 16.64 |
| Feb 22, 2011 | 15.19 | 12.42 | 13.54 | 15.93 | 15.41 |
| Mar 1, 2010 | 14.28 | 17.81 | 14.11 | 16.49 | 14.53 |
| Mar 26, 2009 | — | 16.37 | 11.54 | 15.82 | 9.95 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).
Comparison to Sector (Food, Beverage & Tobacco)
Keurig Dr Pepper Inc., P/E, long-term trends, comparison to sector (food, beverage & tobacco)
| Keurig Dr Pepper Inc. | Food, Beverage & Tobacco | |
|---|---|---|
| Feb 24, 2022 | 24.22 | 24.78 |
| Feb 25, 2021 | 32.78 | 23.23 |
| Feb 27, 2020 | 31.69 | 24.75 |
| Feb 28, 2019 | 60.35 | 18.05 |
| Feb 14, 2018 | 19.20 | 37.84 |
| Feb 14, 2017 | 20.12 | 26.08 |
| Feb 23, 2016 | 22.58 | 19.86 |
| Feb 19, 2015 | 21.47 | 22.41 |
| Feb 20, 2014 | 16.27 | 16.88 |
| Feb 21, 2013 | 13.78 | 18.09 |
| Feb 22, 2012 | 13.61 | 17.18 |
| Feb 22, 2011 | 15.19 | 14.06 |
| Mar 1, 2010 | 14.28 | 16.01 |
| Mar 26, 2009 | — | 13.43 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).
Comparison to Industry (Consumer Staples)
Keurig Dr Pepper Inc., P/E, long-term trends, comparison to industry (consumer staples)
| Keurig Dr Pepper Inc. | Consumer Staples | |
|---|---|---|
| Feb 24, 2022 | 24.22 | 26.07 |
| Feb 25, 2021 | 32.78 | 24.12 |
| Feb 27, 2020 | 31.69 | 31.92 |
| Feb 28, 2019 | 60.35 | 20.62 |
| Feb 14, 2018 | 19.20 | 22.78 |
| Feb 14, 2017 | 20.12 | 21.50 |
| Feb 23, 2016 | 22.58 | 21.97 |
| Feb 19, 2015 | 21.47 | 19.71 |
| Feb 20, 2014 | 16.27 | 17.00 |
| Feb 21, 2013 | 13.78 | 16.60 |
| Feb 22, 2012 | 13.61 | 14.81 |
| Feb 22, 2011 | 15.19 | 14.32 |
| Mar 1, 2010 | 14.28 | 14.63 |
| Mar 26, 2009 | — | 15.52 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).