Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Based on: 10-K (reporting date: 2022-12-31), 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).
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. | Philip Morris International Inc. EBITDA increased from 2020 to 2021 but then slightly decreased from 2021 to 2022. |
Enterprise Value to EBITDA Ratio, Current
Selected Financial Data (US$ in millions) | |
Enterprise value (EV) | 195,592) |
Earnings before interest, tax, depreciation and amortization (EBITDA) | 13,728) |
Valuation Ratio | |
EV/EBITDA | 14.25 |
Benchmarks | |
EV/EBITDA, Competitors1 | |
Coca-Cola Co. | 18.46 |
Mondelēz International Inc. | 13.65 |
PepsiCo Inc. | 16.49 |
EV/EBITDA, Sector | |
Food, Beverage & Tobacco | 19.79 |
EV/EBITDA, Industry | |
Consumer Staples | 18.49 |
Based on: 10-K (reporting date: 2022-12-31).
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 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Enterprise value (EV)1 | 201,244) | 192,527) | 159,557) | 162,226) | 146,169) | |
Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 13,728) | 14,116) | 12,678) | 11,781) | 12,575) | |
Valuation Ratio | ||||||
EV/EBITDA3 | 14.66 | 13.64 | 12.59 | 13.77 | 11.62 | |
Benchmarks | ||||||
EV/EBITDA, Competitors4 | ||||||
Coca-Cola Co. | 20.83 | 19.52 | 19.66 | 21.79 | — | |
Mondelēz International Inc. | 21.64 | 15.62 | 15.14 | 18.69 | — | |
PepsiCo Inc. | 18.63 | 18.42 | 17.17 | 17.85 | — | |
EV/EBITDA, Sector | ||||||
Food, Beverage & Tobacco | 20.00 | 18.35 | 17.76 | 19.64 | — | |
EV/EBITDA, Industry | ||||||
Consumer Staples | 16.63 | 15.91 | 15.18 | 18.37 | — |
Based on: 10-K (reporting date: 2022-12-31), 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).
3 2022 Calculation
EV/EBITDA = EV ÷ EBITDA
= 201,244 ÷ 13,728 = 14.66
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. | Philip Morris International Inc. EV/EBITDA ratio increased from 2020 to 2021 and from 2021 to 2022. |