PEPSICO INC (PEP.DE) Fundamental Analysis & Valuation

FRA:PEP • US7134481081

138.8 EUR
+0.18 (+0.13%)
Last: Mar 10, 2026, 04:39 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This PEP.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Overall PEP gets a fundamental rating of 4 out of 10. We evaluated PEP against 31 industry peers in the Beverages industry. While PEP has a great profitability rating, there are some minor concerns on its financial health. PEP has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

7

1. PEP.DE Profitability Analysis

1.1 Basic Checks

  • In the past year PEP was profitable.
  • PEP had a positive operating cash flow in the past year.
  • PEP had positive earnings in each of the past 5 years.
  • PEP had a positive operating cash flow in each of the past 5 years.
PEP.DE Yearly Net Income VS EBIT VS OCF VS FCFPEP.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B

1.2 Ratios

  • PEP has a Return On Assets of 7.67%. This is amongst the best in the industry. PEP outperforms 87.10% of its industry peers.
  • With an excellent Return On Equity value of 40.38%, PEP belongs to the best of the industry, outperforming 93.55% of the companies in the same industry.
  • PEP's Return On Invested Capital of 16.14% is amongst the best of the industry. PEP outperforms 100.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for PEP is significantly above the industry average of 8.20%.
  • The 3 year average ROIC (15.94%) for PEP is below the current ROIC(16.14%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 7.67%
ROE 40.38%
ROIC 16.14%
ROA(3y)8.78%
ROA(5y)8.85%
ROE(3y)47.5%
ROE(5y)48.39%
ROIC(3y)15.94%
ROIC(5y)15.39%
PEP.DE Yearly ROA, ROE, ROICPEP.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

1.3 Margins

  • The Profit Margin of PEP (8.77%) is comparable to the rest of the industry.
  • PEP's Profit Margin has declined in the last couple of years.
  • PEP has a Operating Margin of 15.87%. This is comparable to the rest of the industry: PEP outperforms 54.84% of its industry peers.
  • PEP's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of PEP (54.46%) is better than 64.52% of its industry peers.
  • PEP's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 15.87%
PM (TTM) 8.77%
GM 54.46%
OM growth 3Y3.16%
OM growth 5Y1.06%
PM growth 3Y-5.25%
PM growth 5Y-2.81%
GM growth 3Y0.62%
GM growth 5Y-0.16%
PEP.DE Yearly Profit, Operating, Gross MarginsPEP.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. PEP.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so PEP is creating value.
  • The number of shares outstanding for PEP has been reduced compared to 1 year ago.
  • Compared to 5 years ago, PEP has less shares outstanding
  • PEP has a worse debt/assets ratio than last year.
PEP.DE Yearly Shares OutstandingPEP.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B
PEP.DE Yearly Total Debt VS Total AssetsPEP.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

2.2 Solvency

  • PEP has an Altman-Z score of 3.74. This indicates that PEP is financially healthy and has little risk of bankruptcy at the moment.
  • PEP has a better Altman-Z score (3.74) than 80.65% of its industry peers.
  • PEP has a debt to FCF ratio of 6.41. This is a slightly negative value and a sign of low solvency as PEP would need 6.41 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 6.41, PEP is in the better half of the industry, outperforming 74.19% of the companies in the same industry.
  • A Debt/Equity ratio of 2.07 is on the high side and indicates that PEP has dependencies on debt financing.
  • With a Debt to Equity ratio value of 2.07, PEP is not doing good in the industry: 83.87% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 2.07
Debt/FCF 6.41
Altman-Z 3.74
ROIC/WACC2.11
WACC7.65%
PEP.DE Yearly LT Debt VS Equity VS FCFPEP.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

2.3 Liquidity

  • PEP has a Current Ratio of 0.85. This is a bad value and indicates that PEP is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Current ratio value of 0.85, PEP is not doing good in the industry: 74.19% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.67 indicates that PEP may have some problems paying its short term obligations.
  • PEP has a Quick ratio (0.67) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.85
Quick Ratio 0.67
PEP.DE Yearly Current Assets VS Current LiabilitesPEP.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. PEP.DE Growth Analysis

3.1 Past

  • The earnings per share for PEP have decreased by -0.12% in the last year.
  • Measured over the past years, PEP shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.10% on average per year.
  • PEP shows a small growth in Revenue. In the last year, the Revenue has grown by 2.25%.
  • Measured over the past years, PEP shows a small growth in Revenue. The Revenue has been growing by 5.94% on average per year.
EPS 1Y (TTM)-0.12%
EPS 3Y6.27%
EPS 5Y8.1%
EPS Q2Q%15.31%
Revenue 1Y (TTM)2.25%
Revenue growth 3Y2.83%
Revenue growth 5Y5.94%
Sales Q2Q%5.61%

3.2 Future

  • The Earnings Per Share is expected to grow by 5.08% on average over the next years.
  • PEP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.77% yearly.
EPS Next Y5.95%
EPS Next 2Y5.87%
EPS Next 3Y5.24%
EPS Next 5Y5.08%
Revenue Next Year5.42%
Revenue Next 2Y4.29%
Revenue Next 3Y4.07%
Revenue Next 5Y3.77%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
PEP.DE Yearly Revenue VS EstimatesPEP.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20B 40B 60B 80B 100B
PEP.DE Yearly EPS VS EstimatesPEP.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2 4 6 8 10

More info and screens

Find the best growth stocksShow best growing peers

2

4. PEP.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • PEP is valuated rather expensively with a Price/Earnings ratio of 19.69.
  • Compared to the rest of the industry, the Price/Earnings ratio of PEP is on the same level as its industry peers.
  • PEP is valuated rather cheaply when we compare the Price/Earnings ratio to 26.45, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 18.57, the valuation of PEP can be described as rather expensive.
  • PEP's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.65, PEP is valued a bit cheaper.
Industry RankSector Rank
PE 19.69
Fwd PE 18.57
PEP.DE Price Earnings VS Forward Price EarningsPEP.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 74.19% of the companies in the same industry are cheaper than PEP, based on the Enterprise Value to EBITDA ratio.
  • PEP's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. PEP is more expensive than 67.74% of the companies in the same industry.
Industry RankSector Rank
P/FCF 28.57
EV/EBITDA 14.06
PEP.DE Per share dataPEP.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • PEP has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)3.31
PEG (5Y)2.43
EPS Next 2Y5.87%
EPS Next 3Y5.24%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. PEP.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.40%, PEP has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.60, PEP pays a bit more dividend than its industry peers.
  • PEP's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.4%

5.2 History

  • On average, the dividend of PEP grows each year by 7.00%, which is quite nice.
Dividend Growth(5Y)7%
Div Incr Years6
Div Non Decr Years6
PEP.DE Yearly Dividends per sharePEP.DE Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4 5

5.3 Sustainability

  • PEP pays out 92.69% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of PEP is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP92.69%
EPS Next 2Y5.87%
EPS Next 3Y5.24%
PEP.DE Yearly Income VS Free CF VS DividendPEP.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B
PEP.DE Dividend Payout.PEP.DE Dividend Payout, showing the Payout Ratio.PEP.DE Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

PEP.DE Fundamentals: All Metrics, Ratios and Statistics

PEPSICO INC

FRA:PEP (3/10/2026, 4:39:07 PM)

138.8

+0.18 (+0.13%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)02-03
Earnings (Next)04-22
Inst Owners79.43%
Inst Owner ChangeN/A
Ins Owners0.18%
Ins Owner ChangeN/A
Market Cap189.69B
Revenue(TTM)93.92B
Net Income(TTM)8.24B
Analysts70.34
Price Target145.64 (4.93%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.4%
Yearly Dividend4.72
Dividend Growth(5Y)7%
DP92.69%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)0.22%
Min EPS beat(2)0.01%
Max EPS beat(2)0.43%
EPS beat(4)3
Avg EPS beat(4)0.61%
Min EPS beat(4)-1.39%
Max EPS beat(4)3.41%
EPS beat(8)5
Avg EPS beat(8)1.49%
EPS beat(12)9
Avg EPS beat(12)2.51%
EPS beat(16)13
Avg EPS beat(16)2.86%
Revenue beat(2)1
Avg Revenue beat(2)-0.13%
Min Revenue beat(2)-0.53%
Max Revenue beat(2)0.28%
Revenue beat(4)2
Avg Revenue beat(4)0.15%
Min Revenue beat(4)-0.53%
Max Revenue beat(4)1%
Revenue beat(8)2
Avg Revenue beat(8)-0.61%
Revenue beat(12)4
Avg Revenue beat(12)-0.35%
Revenue beat(16)8
Avg Revenue beat(16)0.58%
PT rev (1m)5.45%
PT rev (3m)5.89%
EPS NQ rev (1m)-2.43%
EPS NQ rev (3m)-2.9%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.22%
Revenue NQ rev (1m)0.9%
Revenue NQ rev (3m)1.5%
Revenue NY rev (1m)1.45%
Revenue NY rev (3m)1.97%
Valuation
Industry RankSector Rank
PE 19.69
Fwd PE 18.57
P/S 2.33
P/FCF 28.57
P/OCF 18.13
P/B 10.74
P/tB N/A
EV/EBITDA 14.06
EPS(TTM)7.05
EY5.08%
EPS(NY)7.47
Fwd EY5.38%
FCF(TTM)4.86
FCFY3.5%
OCF(TTM)7.65
OCFY5.51%
SpS59.48
BVpS12.92
TBVpS-8.6
PEG (NY)3.31
PEG (5Y)2.43
Graham Number45.27
Profitability
Industry RankSector Rank
ROA 7.67%
ROE 40.38%
ROCE 19.98%
ROIC 16.14%
ROICexc 18.5%
ROICexgc 38.69%
OM 15.87%
PM (TTM) 8.77%
GM 54.46%
FCFM 8.17%
ROA(3y)8.78%
ROA(5y)8.85%
ROE(3y)47.5%
ROE(5y)48.39%
ROIC(3y)15.94%
ROIC(5y)15.39%
ROICexc(3y)18.34%
ROICexc(5y)17.38%
ROICexgc(3y)38.14%
ROICexgc(5y)38.28%
ROCE(3y)20.53%
ROCE(5y)19.57%
ROICexgc growth 3Y-2.23%
ROICexgc growth 5Y-1.52%
ROICexc growth 3Y1.99%
ROICexc growth 5Y4.59%
OM growth 3Y3.16%
OM growth 5Y1.06%
PM growth 3Y-5.25%
PM growth 5Y-2.81%
GM growth 3Y0.62%
GM growth 5Y-0.16%
F-Score5
Asset Turnover0.87
Health
Industry RankSector Rank
Debt/Equity 2.07
Debt/FCF 6.41
Debt/EBITDA 2.31
Cap/Depr 127.93%
Cap/Sales 4.7%
Interest Coverage 8.53
Cash Conversion 65.83%
Profit Quality 93.11%
Current Ratio 0.85
Quick Ratio 0.67
Altman-Z 3.74
F-Score5
WACC7.65%
ROIC/WACC2.11
Cap/Depr(3y)161.13%
Cap/Depr(5y)168.5%
Cap/Sales(3y)5.51%
Cap/Sales(5y)5.67%
Profit Quality(3y)85.16%
Profit Quality(5y)82.03%
High Growth Momentum
Growth
EPS 1Y (TTM)-0.12%
EPS 3Y6.27%
EPS 5Y8.1%
EPS Q2Q%15.31%
EPS Next Y5.95%
EPS Next 2Y5.87%
EPS Next 3Y5.24%
EPS Next 5Y5.08%
Revenue 1Y (TTM)2.25%
Revenue growth 3Y2.83%
Revenue growth 5Y5.94%
Sales Q2Q%5.61%
Revenue Next Year5.42%
Revenue Next 2Y4.29%
Revenue Next 3Y4.07%
Revenue Next 5Y3.77%
EBIT growth 1Y1.26%
EBIT growth 3Y6.08%
EBIT growth 5Y7.07%
EBIT Next Year33.72%
EBIT Next 3Y13.97%
EBIT Next 5Y9.48%
FCF growth 1Y6.72%
FCF growth 3Y11.04%
FCF growth 5Y3.78%
OCF growth 1Y-3.36%
OCF growth 3Y3.79%
OCF growth 5Y2.64%

PEPSICO INC / PEP.DE FAQ

Can you provide the ChartMill fundamental rating for PEPSICO INC?

ChartMill assigns a fundamental rating of 4 / 10 to PEP.DE.


Can you provide the valuation status for PEPSICO INC?

ChartMill assigns a valuation rating of 2 / 10 to PEPSICO INC (PEP.DE). This can be considered as Overvalued.


Can you provide the profitability details for PEPSICO INC?

PEPSICO INC (PEP.DE) has a profitability rating of 7 / 10.


What are the PE and PB ratios of PEPSICO INC (PEP.DE) stock?

The Price/Earnings (PE) ratio for PEPSICO INC (PEP.DE) is 19.69 and the Price/Book (PB) ratio is 10.74.


How sustainable is the dividend of PEPSICO INC (PEP.DE) stock?

The dividend rating of PEPSICO INC (PEP.DE) is 4 / 10 and the dividend payout ratio is 92.69%.