Price to Sales (P/S)
since 2008
Calculation
Keurig Dr Pepper Inc., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Net sales1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 24, 2022 | 4.10 | = | 36.65 | ÷ | 8.94 | 8.94 | = | 12,683 | ÷ | 1,418,158,363 | |
| Feb 25, 2021 | 3.74 | = | 30.86 | ÷ | 8.26 | 8.26 | = | 11,618 | ÷ | 1,407,267,272 | |
| Feb 27, 2020 | 3.57 | = | 28.24 | ÷ | 7.90 | 7.90 | = | 11,120 | ÷ | 1,406,986,313 | |
| Feb 28, 2019 | 4.75 | = | 25.15 | ÷ | 5.29 | 5.29 | = | 7,442 | ÷ | 1,406,081,521 | |
| Feb 14, 2018 | 3.09 | = | 114.91 | ÷ | 37.22 | 37.22 | = | 6,690 | ÷ | 179,744,078 | |
| Feb 14, 2017 | 2.65 | = | 93.07 | ÷ | 35.17 | 35.17 | = | 6,440 | ÷ | 183,094,247 | |
| Feb 23, 2016 | 2.75 | = | 92.09 | ÷ | 33.53 | 33.53 | = | 6,282 | ÷ | 187,349,988 | |
| Feb 19, 2015 | 2.47 | = | 78.22 | ÷ | 31.72 | 31.72 | = | 6,121 | ÷ | 192,962,748 | |
| Feb 20, 2014 | 1.69 | = | 51.47 | ÷ | 30.40 | 30.40 | = | 5,997 | ÷ | 197,274,122 | |
| Feb 21, 2013 | 1.45 | = | 42.57 | ÷ | 29.44 | 29.44 | = | 5,995 | ÷ | 203,632,429 | |
| Feb 22, 2012 | 1.40 | = | 38.88 | ÷ | 27.83 | 27.83 | = | 5,903 | ÷ | 212,073,549 | |
| Feb 22, 2011 | 1.42 | = | 35.80 | ÷ | 25.16 | 25.16 | = | 5,636 | ÷ | 223,974,770 | |
| Mar 1, 2010 | 1.43 | = | 31.18 | ÷ | 21.77 | 21.77 | = | 5,531 | ÷ | 254,115,758 | |
| Mar 26, 2009 | 0.79 | = | 17.87 | ÷ | 22.50 | 22.50 | = | 5,710 | ÷ | 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 Trends
- The share price demonstrated a general upward trajectory from 2009 through 2018, increasing from $17.87 to a peak of $114.91. This growth period was characterized by consistent appreciation in market value. However, starting in 2019, there was a pronounced decline in share price, dropping sharply to $25.15. Following this decline, the share price experienced a gradual recovery, rising over the next three years to $36.65 by 2022.
- Sales Per Share Trends
- Sales per share exhibited steady growth from 2009 to 2018, increasing from $22.50 to $37.22. Post-2018, a significant reduction occurred, with sales per share falling to $5.29 in 2019. Despite this decrease, the metric showed signs of recovery afterward, increasing incrementally to $8.94 by 2022 though still remaining well below pre-2019 levels.
- Price-to-Sales (P/S) Ratio Trends
- The P/S ratio generally trended upward over the observed period. Starting at 0.79 in 2009, the ratio saw a marked increase, peaking at 4.75 in 2019. After this peak, the ratio somewhat declined but stabilized between 3.5 and 4.1 from 2020 through 2022. This indicates that the market valuation relative to sales per share increased substantially up to 2019 and, despite the drop in sales per share, investors maintained relatively high valuation multiples in subsequent years.
- Summary of Financial Dynamics
- Overall, the data reflect a cycle of robust growth in market valuation and sales performance through 2018, followed by a sharp contraction in both share price and sales per share beginning in 2019. Despite this downturn, the P/S ratio remains elevated compared to earlier years, suggesting investor confidence or expectations of recovery. The gradual improvement in share price and sales per share post-2019 indicates partial recovery, but the company had not returned to previous peak performance levels by 2022.
Comparison to Competitors
Keurig Dr Pepper Inc., P/S, 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 | 4.10 | 6.99 | 3.24 | 2.93 | 5.33 |
| Feb 25, 2021 | 3.74 | 6.55 | 2.99 | 2.65 | 4.65 |
| Feb 27, 2020 | 3.57 | 6.75 | 3.25 | 3.03 | 4.57 |
| Feb 28, 2019 | 4.75 | 6.15 | 2.61 | 2.52 | 4.03 |
| Feb 14, 2018 | 3.09 | 5.31 | 2.42 | 2.51 | 5.57 |
| Feb 14, 2017 | 2.65 | 4.28 | 2.67 | 2.43 | 5.96 |
| Feb 23, 2016 | 2.75 | 4.32 | 2.11 | 2.22 | 5.28 |
| Feb 19, 2015 | 2.47 | 3.99 | 1.78 | 2.23 | 4.32 |
| Feb 20, 2014 | 1.69 | 3.58 | 1.63 | 1.79 | 4.01 |
| Feb 21, 2013 | 1.45 | 3.57 | 1.35 | 1.78 | 4.91 |
| Feb 22, 2012 | 1.40 | 3.36 | 1.23 | 1.50 | 4.60 |
| Feb 22, 2011 | 1.42 | 4.18 | 1.13 | 1.74 | 4.11 |
| Mar 1, 2010 | 1.43 | 3.92 | 1.06 | 2.27 | 3.68 |
| Mar 26, 2009 | 0.79 | 2.98 | 0.79 | 1.88 | 2.67 |
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/S, long-term trends, comparison to sector (food, beverage & tobacco)
| Keurig Dr Pepper Inc. | Food, Beverage & Tobacco | |
|---|---|---|
| Feb 24, 2022 | 4.10 | 4.28 |
| Feb 25, 2021 | 3.74 | 3.88 |
| Feb 27, 2020 | 3.57 | 4.22 |
| Feb 28, 2019 | 4.75 | 3.59 |
| Feb 14, 2018 | 3.09 | 3.71 |
| Feb 14, 2017 | 2.65 | 3.56 |
| Feb 23, 2016 | 2.75 | 3.27 |
| Feb 19, 2015 | 2.47 | 2.95 |
| Feb 20, 2014 | 1.69 | 2.61 |
| Feb 21, 2013 | 1.45 | 2.72 |
| Feb 22, 2012 | 1.40 | 2.35 |
| Feb 22, 2011 | 1.42 | 2.45 |
| Mar 1, 2010 | 1.43 | 2.54 |
| Mar 26, 2009 | 0.79 | 1.95 |
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 Industry (Consumer Staples)
Keurig Dr Pepper Inc., P/S, long-term trends, comparison to industry (consumer staples)
| Keurig Dr Pepper Inc. | Consumer Staples | |
|---|---|---|
| Feb 24, 2022 | 4.10 | 1.61 |
| Feb 25, 2021 | 3.74 | 1.49 |
| Feb 27, 2020 | 3.57 | 1.47 |
| Feb 28, 2019 | 4.75 | 1.24 |
| Feb 14, 2018 | 3.09 | 1.25 |
| Feb 14, 2017 | 2.65 | 1.26 |
| Feb 23, 2016 | 2.75 | 1.23 |
| Feb 19, 2015 | 2.47 | 1.18 |
| Feb 20, 2014 | 1.69 | 1.14 |
| Feb 21, 2013 | 1.45 | 1.10 |
| Feb 22, 2012 | 1.40 | 1.03 |
| Feb 22, 2011 | 1.42 | 1.08 |
| Mar 1, 2010 | 1.43 | 1.01 |
| Mar 26, 2009 | 0.79 | 1.04 |
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).