Enterprise Value to EBITDA (EV/EBITDA)
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Keurig Dr Pepper Inc., EBITDA calculation
US$ in millions
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).
| 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. | Keurig Dr Pepper Inc. EBITDA increased from 2019 to 2020 and from 2020 to 2021. |
Enterprise Value to EBITDA Ratio, Current
Keurig Dr Pepper Inc., current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in millions) | |
| Enterprise value (EV) | 66,533) |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | 3,842) |
| Valuation Ratio | |
| EV/EBITDA | 17.32 |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| Altria Group Inc. | 9.28 |
| Coca-Cola Co. | 19.50 |
| PepsiCo Inc. | 16.47 |
| Philip Morris International Inc. | 17.85 |
| EV/EBITDA, Sector | |
| Food, Beverage & Tobacco | 18.28 |
| EV/EBITDA, Industry | |
| Consumer Staples | 19.84 |
Based on: 10-K (reporting date: 2021-12-31).
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
Keurig Dr Pepper Inc., historical EV/EBITDA calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Enterprise value (EV)1 | 63,990) | 57,004) | 54,362) | 51,224) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 3,842) | 2,852) | 2,832) | 1,597) | |
| Valuation Ratio | |||||
| EV/EBITDA3 | 16.66 | 19.99 | 19.20 | 32.08 | |
| Benchmarks | |||||
| EV/EBITDA, Competitors4 | |||||
| Altria Group Inc. | 22.27 | 12.62 | 45.37 | — | |
| Coca-Cola Co. | 19.52 | 19.66 | 21.79 | — | |
| PepsiCo Inc. | 18.42 | 17.17 | 17.85 | — | |
| Philip Morris International Inc. | 13.64 | 12.59 | 13.77 | — | |
| EV/EBITDA, Sector | |||||
| Food, Beverage & Tobacco | 17.81 | 15.78 | 19.53 | — | |
| EV/EBITDA, Industry | |||||
| Consumer Staples | 15.79 | 14.68 | 18.29 | — | |
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).
3 2021 Calculation
EV/EBITDA = EV ÷ EBITDA
= 63,990 ÷ 3,842 = 16.66
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. | Keurig Dr Pepper Inc. EV/EBITDA ratio increased from 2019 to 2020 but then decreased significantly from 2020 to 2021. |