Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).
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 increased from 2021 to 2022 and from 2022 to 2023. |
Enterprise Value to EBITDA Ratio, Current
Selected Financial Data (US$ in millions) | |
Enterprise value (EV) | 274,775) |
Earnings before interest, tax, depreciation and amortization (EBITDA) | 15,802) |
Valuation Ratio | |
EV/EBITDA | 17.39 |
Benchmarks | |
EV/EBITDA, Competitors1 | |
Coca-Cola Co. | 18.82 |
Mondelēz International Inc. | 13.53 |
EV/EBITDA, Sector | |
Food, Beverage & Tobacco | 17.15 |
EV/EBITDA, Industry | |
Consumer Staples | 18.65 |
Based on: 10-K (reporting date: 2023-12-30).
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 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Enterprise value (EV)1 | 264,687) | 271,808) | 267,386) | 220,903) | 229,939) | |
Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 15,802) | 14,587) | 14,519) | 12,869) | 12,879) | |
Valuation Ratio | ||||||
EV/EBITDA3 | 16.75 | 18.63 | 18.42 | 17.17 | 17.85 | |
Benchmarks | ||||||
EV/EBITDA, Competitors4 | ||||||
Coca-Cola Co. | 18.69 | 20.83 | 19.52 | 19.66 | 21.79 | |
Mondelēz International Inc. | 14.65 | 21.64 | 15.62 | 15.14 | 18.69 | |
EV/EBITDA, Sector | ||||||
Food, Beverage & Tobacco | 17.08 | 20.00 | 18.35 | 17.76 | 19.64 | |
EV/EBITDA, Industry | ||||||
Consumer Staples | 16.73 | 16.63 | 15.91 | 15.18 | 18.37 |
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).
3 2023 Calculation
EV/EBITDA = EV ÷ EBITDA
= 264,687 ÷ 15,802 = 16.75
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 increased from 2021 to 2022 but then decreased significantly from 2022 to 2023. |