Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Based on: 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30).
Item | Description | The company |
---|---|---|
EBITDA | To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. | PepsiCo Inc. EBITDA decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level. |
Enterprise Value to EBITDA Ratio, Current
Selected Financial Data (US$ in millions) | |
Enterprise value (EV) | 258,739 |
Earnings before interest, tax, depreciation and amortization (EBITDA) | 14,519 |
Valuation Ratio | |
EV/EBITDA | 17.82 |
Benchmarks | |
EV/EBITDA, Competitors1 | |
Altria Group Inc. | 22.07 |
Coca-Cola Co. | 19.15 |
Mondelēz International Inc. | 14.42 |
Philip Morris International Inc. | 12.89 |
EV/EBITDA, Sector | |
Food, Beverage & Tobacco | 16.93 |
EV/EBITDA, Industry | |
Consumer Staples | 15.79 |
Based on: 10-K (reporting date: 2021-12-25).
1 Click competitor name to see calculations.
If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.
Enterprise Value to EBITDA Ratio, Historical
Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | Dec 29, 2018 | Dec 30, 2017 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Enterprise value (EV)1 | 267,386 | 220,903 | 229,939 | 184,232 | 179,133 | |
Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 14,519 | 12,869 | 12,879 | 13,113 | 13,122 | |
Valuation Ratio | ||||||
EV/EBITDA3 | 18.42 | 17.17 | 17.85 | 14.05 | 13.65 | |
Benchmarks | ||||||
EV/EBITDA, Competitors4 | ||||||
Altria Group Inc. | 22.27 | 12.62 | 45.37 | 11.89 | 12.47 | |
Coca-Cola Co. | 19.52 | 19.66 | 21.79 | 21.80 | 24.51 | |
Mondelēz International Inc. | 15.62 | 15.14 | 18.69 | 15.64 | 16.47 | |
Philip Morris International Inc. | 13.64 | 12.59 | 13.77 | 11.62 | 14.88 | |
EV/EBITDA, Sector | ||||||
Food, Beverage & Tobacco | 17.53 | 15.71 | 19.43 | 14.75 | 15.89 | |
EV/EBITDA, Industry | ||||||
Consumer Staples | 16.86 | 15.65 | 19.40 | 13.77 | 13.35 |
Based on: 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30).
3 2021 Calculation
EV/EBITDA = EV ÷ EBITDA
= 267,386 ÷ 14,519 = 18.42
4 Click competitor name to see calculations.
Valuation ratio | Description | The company |
---|---|---|
EV/EBITDA | Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. | PepsiCo Inc. EV/EBITDA ratio decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level. |