PepsiCo, Inc. Financial Ratios — PEP Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	16.63	14.79	15.04	13.63	10.94	12.28	9.22	22.18	12	11.35	11.84	13.4	13.16	13.46	11.36
Return on Assets (%)	9.14	8.38	8.86	8.8	7.78	8.84	6.34	15.9	9.37	8.3	8.22	9.66	9.42	9.58	7.97
Return on Capital (%)	10.86	9.79	9.99	9.26	7.55	8.39	5.93	- -	8.57	7.85	8.41	9.02	8.68	8.85	7.57
Return on Invested Capital (%)	14.99	13.8	14.09	14.28	15.65	15.65	10.68	- -	17.23	15.18	15.17	16.75	17.24	16.47	16.36
Gross Margin (%)	52.49	52.22	52.96	53.15	54.44	55.06	54.67	54.56	55.13	54.82	53.35	53.03	54.21	54.55	54.15
EBITDA Margin (%)	18.6	18.02	18.62	18.3	19.23	19.38	19.91	19.35	19.56	18.68	18.09	16.94	17.96	18.22	18.81
Operating Margin (%)	14.48	13.91	14.61	14.37	15.4	15.61	16.18	15.64	15.32	14.38	14.04	13.15	14.12	14.07	14.36
Incremental Operating Margin (%)	15.01	51.48	64.25	-46.27	-3.61	-35.8	65.01	-14.61	7.24	-5.26	11.43	2.82	30.64	1.83	27.57
Pretax Margin (%)	13.28	12.68	13.39	13.13	11.8	13.62	15.12	14.21	13.87	12.89	12.36	12.39	12.48	13.01	10.91
Profit Margin (%)	9.69	9.43	10.15	9.77	8.65	10.08	7.65	19.35	10.89	10.12	9.59	10.31	9.92	10.43	8.77
Net Income to Common Margin (%)	9.69	9.43	10.15	9.77	8.64	10.08	7.65	19.35	10.89	10.12	9.59	10.31	9.92	10.43	8.77
Effective Tax Rate (%)	26.85	25.17	23.66	25.11	26.08	25.42	48.89	- -	21.04	20.88	21.81	16.13	19.81	19.42	19.03
Dvd Payout Ratio (%)	48.7	52.87	50.24	56.48	72.79	65.74	90.18	39.12	71.75	76.2	75.13	68.23	72.35	74.73	91.47
Sustainable Growth Rate (%)	8.53	6.97	7.48	5.93	2.98	4.21	0.91	13.51	3.39	2.7	2.95	4.26	3.64	3.4	0.97

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	26,773	28,359	29,639	28,897	33,284	36,945	39,281	32,321	32,510	44,610	40,780	39,554	44,661	44,948	49,901
ST Debt	6,205	4,815	5,306	5,076	4,071	6,892	5,485	4,026	3,362	4,240	4,754	3,897	7,066	7,724	7,580
LT Debt	20,568	23,544	24,333	23,821	29,213	30,053	33,796	28,295	29,148	40,370	36,026	35,657	37,595	37,224	42,321
Total Debt/EBITDA	2.16	2.4	2.4	2.37	2.74	3.04	3.11	2.58	2.48	3.39	2.84	2.7	2.72	2.69	2.82
Net Debt/EBITDA	1.84	1.87	1.64	1.86	1.99	2.28	2.27	1.89	2.02	2.74	2.42	2.33	2.09	2.14	2.27
Total Debt/EBIT	2.78	3.11	3.05	3.02	3.43	3.77	3.82	3.2	3.16	4.41	3.65	3.48	3.46	3.48	3.7
Net Debt/EBIT	2.36	2.42	2.09	2.38	2.49	2.83	2.79	2.33	2.58	3.55	3.11	3	2.66	2.77	2.97
EBITDA to Interest Expense	14.45	13.13	13.58	13.43	12.5	9.07	10.99	10.26	14.05	11.66	7.72	15.59	20.06	18.21	15.76
EBITDA-CapEx/Interest Expense	14.45	13.13	13.58	13.43	12.5	9.07	10.99	10.26	14.05	11.66	7.72	15.59	20.06	18.21	15.76
EBIT to Interest Expense	11.25	10.14	10.65	10.54	10.01	7.31	8.93	8.29	11.01	8.97	5.99	12.09	15.77	14.06	12.03
Interest Expense	856	899	911	909	970	1,342	1,151	1,219	935	1,128	1,863	939	819	919	1,121
Common Equity/Total Assets	55.35	57.86	59.95	69.66	72.48	71.5	66.24	77.23	78.89	68.3	70.57	73.57	69.71	72.68	67.79
Long-Term Debt/Equity (%)	98.42	105.11	99.77	135.75	242.83	268.35	307.77	193.77	196.05	297.89	223.06	206.43	201.72	204.85	205.97
Long-Term Debt/Capital (%)	30.49	32.84	31.92	30.48	34.81	33.53	36.62	30.63	30.82	37.32	33.96	33.17	32.73	31.72	34.45
Long-Term Debt/Total Assets (%)	28.22	31.54	31.41	33.78	41.93	40.89	42.35	36.44	37.11	43.45	39	38.68	37.41	37.42	39.41
Total Debt/Equity (%)	128.11	126.61	121.53	164.67	276.67	329.9	357.72	221.35	218.66	329.18	252.49	228.99	239.64	247.36	242.86
Total Debt/Capital (%)	39.68	39.56	38.88	36.97	39.66	41.22	42.57	34.99	34.38	41.24	38.44	36.79	38.89	38.3	40.62
Total Debt/Total Assets (%)	36.73	38	38.25	40.98	47.78	50.27	49.22	41.63	41.39	48.01	44.15	42.91	44.44	45.19	46.46
Net Debt to Equity	108.65	98.5	83.09	129.72	201.06	248.12	261.1	161.62	178.63	265.39	215.08	197.52	184.55	197.02	194.79
Net Debt/Capital (%)	35.81	33.74	30.31	31.6	32.32	34.53	35.11	28.21	29.82	35.97	34.57	33.27	32.71	32.89	35.2
EBITDA	12,370	11,801	12,368	12,206	12,128	12,172	12,645	12,509	13,135	13,148	14,377	14,637	16,431	16,735	17,669
EBITDA-CapEx	12,370	11,801	12,368	12,206	12,128	12,172	12,645	12,509	13,135	13,148	14,377	14,637	16,431	16,735	17,669
Operating Income (Loss)	9,633	9,112	9,705	9,581	9,712	9,804	10,276	10,110	10,291	10,122	11,162	11,357	12,913	12,920	13,491

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.24	0.39	0.54	0.48	0.68	0.76	0.95	0.41	0.28	0.41	0.23	0.2	0.32	0.29	0.29
Current Ratio	0.96	1.1	1.24	1.14	1.31	1.25	1.51	0.99	0.86	0.98	0.83	0.8	0.85	0.82	0.85
Quick Ratio	0.62	0.8	0.93	0.85	1.05	1.08	1.29	0.73	0.66	0.77	0.56	0.58	0.66	0.62	0.64
CFO/Avg Current Liab	0.53	0.48	0.55	0.58	0.61	0.55	0.48	0.44	0.45	0.48	0.47	0.41	0.46	0.4	0.38
Common Equity/Total Assets	55.35	57.86	59.95	69.66	72.48	71.5	66.24	77.23	78.89	68.3	70.57	73.57	69.71	72.68	67.79
Long-Term Debt/Equity (%)	98.42	105.11	99.77	135.75	242.83	268.35	307.77	193.77	196.05	297.89	223.06	206.43	201.72	204.85	205.97
Long-Term Debt/Capital (%)	30.49	32.84	31.92	30.48	34.81	33.53	36.62	30.63	30.82	37.32	33.96	33.17	32.73	31.72	34.45
Long-Term Debt/Total Assets (%)	28.22	31.54	31.41	33.78	41.93	40.89	42.35	36.44	37.11	43.45	39	38.68	37.41	37.42	39.41
Total Debt/Equity (%)	128.11	126.61	121.53	164.67	276.67	329.9	357.72	221.35	218.66	329.18	252.49	228.99	239.64	247.36	242.86
Total Debt/Capital (%)	39.68	39.56	38.88	36.97	39.66	41.22	42.57	34.99	34.38	41.24	38.44	36.79	38.89	38.3	40.62
Total Debt/Total Assets (%)	36.73	38	38.25	40.98	47.78	50.27	49.22	41.63	41.39	48.01	44.15	42.91	44.44	45.19	46.46
CFO/Total Liabilities	17.21	16.23	18.25	19.84	18.85	17.12	14.57	14.93	15.15	13.37	15.24	14.43	16.42	15.38	13.92
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	5.08	5.05	5.2	5.7	5.57	5.28	5.08	5.35	5.72	5.05	5.55	5.63	5.05	4.95	4.55

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	11.52	10.69	10.72	11.12	11.15	11.21	10.89	10.75	10.72	10.55	11.3	11.25	10.85	10.7	10.58
Days Sales Outstanding	31.7	34.14	34.05	32.83	32.75	32.57	33.51	33.97	34.04	34.59	32.3	32.46	33.65	34.1	34.49
Inventory Turnover	8.78	8.45	8.94	9.54	9.8	10.37	10.16	9.67	9.32	8.47	8.7	8.48	7.94	7.85	7.72
Days Inventory Outstanding	41.59	43.21	40.83	38.28	37.24	35.2	35.93	37.73	39.16	43.1	41.93	43.04	46	46.52	47.25
Accounts Payable Turnover	8.06	7.28	6.66	6.19	5.3	4.82	4.5	4.24	3.99	3.87	3.99	4.03	3.75	3.69	3.84
Accounts Payable Turnover Days	45.26	50.17	54.77	58.93	68.81	75.68	81.03	86.06	91.58	94.33	91.55	90.55	97.21	99.01	95.01
Cash Conversion Cycle	28.02	27.18	20.11	12.18	1.18	-7.91	-11.58	-14.36	-18.38	-16.63	-17.32	-15.05	-17.55	-18.4	-13.26
Inventory to Cash Days	-9.89	-9.07	-6.78	-5.45	-4.5	-2.63	-2.42	-3.77	-5.12	-8.51	-9.64	-10.58	-12.35	-12.42	-12.76
Inventories	3,827	3,581	3,409	3,143	2,720	2,723	2,947	3,128	3,338	4,172	4,347	5,222	5,334	5,306	5,845
Raw Materials	1,883	1,875	1,732	1,593	1,312	1,315	1,344	1,312	1,395	1,720	1,898	2,366	2,388	2,440	2,581
Work In Process	207	173	168	173	161	150	167	178	200	205	151	114	104	104	143
Finished Goods	1,737	1,533	1,509	1,377	1,247	1,258	1,436	1,638	1,743	2,247	2,298	2,742	2,842	2,762	3,121
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	103,771	105,656	126,815	140,705	144,684	149,412	170,286	156,329	190,108	204,654	240,241	248,769	233,360	208,625	196,241
- Cash & Cash Equivalents	4,067	6,297	9,375	6,134	9,096	9,158	10,610	8,721	5,509	8,185	5,596	4,954	9,711	8,505	9,159
+ Preferred Equity and Hybrid Capital	41	41	41	41	41	41	41	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	311	105	110	110	107	104	92	84	82	98	108	124	134	130	141
+ Total Debt	26,773	28,359	29,639	28,897	33,284	36,945	39,281	32,321	32,510	44,610	40,780	39,554	44,661	44,948	49,901
Enterprise Value	126,471	127,542	146,927	161,027	166,107	170,377	190,190	179,741	216,962	239,811	275,141	283,099	268,152	244,437	236,753
Total Capital	67,467	71,689	76,235	78,165	83,928	89,632	92,277	92,375	94,561	108,174	106,076	107,501	114,853	117,367	122,853
Total Debt/Capital (%)	39.68	39.56	38.88	36.97	39.66	41.22	42.57	34.99	34.38	41.24	38.44	36.79	38.89	38.3	40.62
Total Debt / EV	0.21	0.22	0.2	0.18	0.2	0.22	0.21	0.18	0.15	0.19	0.15	0.14	0.17	0.18	0.21
EV/Sales	1.9	1.95	2.21	2.41	2.63	2.71	2.99	2.78	3.23	3.41	3.46	3.28	2.93	2.66	2.52
EV/EBITDA	10.22	10.81	11.88	13.19	13.7	14	15.04	14.37	16.52	18.24	19.14	19.34	16.32	14.61	13.4
EV/EBIT	13.13	14	15.14	16.81	17.1	17.38	18.51	17.78	21.08	23.69	24.65	24.93	20.77	18.92	17.55
EV/Cash Flow to Firm	13.22	13.94	14.15	14.39	14.34	14.61	17.91	16.22	20.89	20.84	21.05	24.41	19.02	18.45	18.22
EV/Free Cash Flow to Firm	13.22	13.94	14.15	14.39	14.34	14.61	17.91	16.22	20.89	20.84	21.05	24.41	19.02	18.45	18.22
Diluted Market Cap	105,961	107,777	129,386	144,393	148,381	151,923	172,445	157,434	192,295	206,434	241,283	250,575	234,889	209,539	197,053
Diluted Enterprise Value	129,019	129,985	149,801	167,307	172,717	179,855	201,249	181,118	219,378	242,957	276,575	285,299	269,973	246,112	237,936
EV per Share	80.86	82.6	96.09	108.22	114.71	119.31	133.94	127.03	155.98	173.78	198.94	205.59	195.16	178.16	173.15
TTM Sales	66,504	65,492	66,415	66,683	63,056	62,799	63,525	64,661	67,161	70,372	79,474	86,392	91,471	91,854	93,925
TTM EBITDA	12,370	11,801	12,368	12,206	12,128	12,172	12,645	12,509	13,135	13,148	14,377	14,637	16,431	16,735	17,669
TTM Operating Income	9,633	9,112	9,705	9,581	9,712	9,804	10,276	10,110	10,291	10,122	11,162	11,357	12,913	12,920	13,491
TTM Cash Flow to Firm	9,570	9,152	10,383	11,187	11,581	11,664	10,618	11,081	10,387	11,505	13,073	11,599	14,099	13,248	12,995
TTM Free Cash Flow to Firm	9,570	9,152	10,383	11,187	11,581	11,664	10,618	11,081	10,387	11,505	13,073	11,599	14,099	13,248	12,995

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	11.85	12.71	13.36	13.74	13.66	14.25	17.19	16.72	19.93	19.45	20.77	23.18	17.47	16.75	16.3
EV/EBIT	13.13	14	15.14	16.81	17.1	17.38	18.51	17.78	21.08	23.69	24.65	24.93	20.77	18.92	17.55
Enterprise Value	126,471	127,542	146,927	161,027	166,107	170,377	190,190	179,741	216,962	239,811	275,141	283,099	268,152	244,437	236,753
Low Price	58.5	62.15	68.64	77.01	76.48	93.25	101.06	95.94	106.73	101.42	128.32	153.37	155.83	149.71	127.6
EV/Sales	1.9	1.95	2.21	2.41	2.63	2.71	2.99	2.78	3.23	3.41	3.46	3.28	2.93	2.66	2.52
EV/EBITDA	10.22	10.81	11.88	13.19	13.7	14	15.04	14.37	16.52	18.24	19.14	19.34	16.32	14.61	13.4
Price/Earnings	16.11	17.1	18.82	21.61	26.54	23.61	35.06	12.49	25.99	28.74	31.54	27.92	25.72	21.78	23.82
Price/Earnings Average	15.83	17.08	18.23	20.29	25.72	23.39	33.02	12.52	24.33	26.42	27.31	26.55	26.83	24.23	23.78
Price/Earnings High	17.45	18.41	19.75	23.01	27.48	25.04	35.25	13.85	26.71	28.83	31.59	28.88	29.81	26.27	26.58
Price/Earnings Low	14.2	15.53	15.57	17.6	20.32	21.04	29.55	10.85	20.3	19.66	23.3	23.7	23.6	21.45	21.17
Price/Book Value	2.57	2.45	2.73	2.86	2.87	2.84	3.22	2.61	3.07	3.22	3.69	3.67	3.33	2.89	2.7
Price/Book Value Average	2.53	2.44	2.64	2.69	2.78	2.82	3.03	2.61	2.87	2.96	3.19	3.49	3.48	3.21	2.69
Price/Book Value High	2.79	2.63	2.87	3.05	2.97	3.02	3.24	2.89	3.15	3.23	3.69	3.79	3.86	3.48	3.01
Price/Book Value Low	2.27	2.22	2.26	2.33	2.19	2.53	2.71	2.26	2.4	2.21	2.72	3.11	3.06	2.84	2.4
Price/Tangible Book Value	-8.38	-9.49	-15.27	-12.19	-9.48	-8.94	-9.65	-9.75	-11.4	-8.35	-11.5	-15.06	-16.64	-14.73	-14.61
Price/Tangible Book Value Average	-8.23	-9.47	-14.79	-11.44	-9.18	-8.86	-9.09	-9.77	-10.67	-7.67	-9.96	-14.32	-17.37	-16.38	-14.58
Price/Tangible Book Value High	-9.08	-10.21	-16.03	-12.98	-9.81	-9.48	-9.7	-10.81	-11.72	-8.37	-11.52	-15.58	-19.29	-17.77	-16.3
Price/Tangible Book Value Low	-7.39	-8.62	-12.64	-9.92	-7.25	-7.97	-8.13	-8.47	-8.9	-5.71	-8.49	-12.79	-15.27	-14.5	-12.99
Price/Sales	1.56	1.61	1.91	2.11	2.29	2.38	2.68	2.42	2.83	2.91	3.02	2.88	2.55	2.27	2.09
Price/Sales Average	1.53	1.61	1.85	1.98	2.22	2.36	2.52	2.42	2.65	2.67	2.62	2.74	2.66	2.53	2.09
Price/Sales High	1.69	1.74	2	2.25	2.38	2.52	2.7	2.68	2.91	2.92	3.03	2.98	2.96	2.74	2.33
Price/Sales Low	1.38	1.47	1.58	1.72	1.76	2.12	2.26	2.1	2.21	1.99	2.23	2.44	2.34	2.24	1.86
Price/Cash Flow	11.6	12.46	13.09	13.39	13.32	14.01	16.98	16.6	19.7	19.28	20.68	23.01	17.36	16.68	16.24
Price/Cash Flow Average	11.4	12.45	12.68	12.57	12.9	13.88	15.99	16.64	18.44	17.72	17.91	21.88	18.11	18.55	16.21
Price/Cash Flow High	12.57	13.41	13.74	14.26	13.79	14.86	17.07	18.41	20.25	19.34	20.72	23.8	20.12	20.12	18.12
Price/Cash Flow Low	10.23	11.32	10.83	10.91	10.19	12.49	14.31	14.42	15.39	13.19	15.28	19.53	15.93	16.42	14.43
Price/Free Cash Flow Average	11.64	12.7	12.94	12.9	13.23	14.12	16.19	16.76	18.66	17.88	17.99	22.04	18.23	18.64	16.28
Price/Free Cash Flow High	12.84	13.68	14.02	14.64	14.14	15.11	17.29	18.54	20.48	19.51	20.81	23.97	20.26	20.21	18.19
Price/Free Cash Flow Low	10.45	11.54	11.05	11.19	10.45	12.7	14.49	14.52	15.56	13.3	15.34	19.68	16.03	16.49	14.49
EV/Sales Average	1.88	1.95	2.16	2.32	2.61	2.8	2.98	2.79	3.05	3.19	3.06	3.14	3.05	2.92	2.52
EV/Sales High	2.04	2.08	2.31	2.59	2.76	2.97	3.15	3.05	3.31	3.44	3.47	3.38	3.34	3.14	2.77
EV/Sales Low	1.72	1.8	1.89	2.06	2.14	2.57	2.71	2.47	2.61	2.51	2.68	2.85	2.72	2.63	2.29
EV/EBITDA Average	10.11	10.82	11.58	12.7	13.57	14.46	14.96	14.42	15.61	17.08	16.93	18.53	16.95	16.05	13.4
EV/EBITDA High	10.95	11.52	12.41	14.15	14.36	15.31	15.82	15.75	16.94	18.39	19.19	19.95	18.6	17.22	14.71
EV/EBITDA Low	9.26	10.01	10.14	11.27	11.14	13.23	13.63	12.75	13.36	13.42	14.8	16.8	15.17	14.46	12.19
EV/EBIT Average	12.98	14.02	14.76	16.18	16.94	17.95	18.41	17.84	19.92	22.19	21.8	23.88	21.57	20.79	17.55
EV/EBIT High	14.07	14.92	15.82	18.03	17.93	19.01	19.46	19.49	21.62	23.89	24.72	25.71	23.67	22.31	19.26
EV/EBIT Low	11.89	12.97	12.92	14.35	13.91	16.43	16.77	15.77	17.06	17.44	19.06	21.65	19.3	18.73	15.96
Last Price	66.35	68.43	82.94	94.56	99.92	104.63	119.92	110.48	136.67	148.3	173.71	180.66	169.84	152.06	143.52
High Price	71.89	73.66	87.06	100.7	103.44	110.94	120.57	122.51	140.45	148.77	174.02	186.84	196.88	183.41	160.15
Enterprise Value Average	125,053	127,734	143,250	155,016	164,519	175,968	189,197	180,325	205,043	224,625	243,342	271,244	278,549	268,633	236,822
Enterprise Value High	135,494	135,939	153,530	172,756	174,117	186,354	200,013	197,036	222,449	241,826	275,962	292,003	305,597	288,210	259,863
Enterprise Value Low	114,552	118,168	125,366	137,505	135,079	161,093	172,309	159,439	175,544	176,483	212,759	245,914	249,194	241,973	215,356

Shares Outstanding	1,564	1,544	1,529	1,488	1,448	1,428	1,420	1,409	1,391	1,380	1,383	1,377	1,374	1,372	1,367
Diluted Weighted Avg Shares	1,597	1,575	1,560	1,527	1,485	1,452	1,438	1,425	1,407	1,392	1,389	1,387	1,383	1,378	1,373
Basic Weighted Avg Shares	1,564	1,544	1,529	1,488	1,448	1,428	1,420	1,415	1,391	1,380	1,383	1,377	1,374	1,372	1,367
Revenue per Share	42.52	42.42	43.44	44.81	43.55	43.98	44.74	45.7	48.28	50.99	57.46	62.74	66.57	66.95	68.69
EBITDA per Share	7.91	7.64	8.09	8.2	8.38	8.52	8.9	8.84	9.44	9.53	10.4	10.63	11.96	12.2	12.92
Operating Income per Share	6.16	5.9	6.35	6.44	6.71	6.87	7.24	7.14	7.4	7.33	8.07	8.25	9.4	9.42	9.87
Basic EPS, GAAP	4.12	4	4.41	4.38	3.76	4.43	3.42	8.84	5.26	5.16	5.51	6.47	6.6	6.98	6.03
Basic EPS from Cont Ops	4.13	4.02	4.44	4.41	3.8	4.47	3.46	8.88	5.29	5.2	5.55	6.52	6.66	7.02	6.07
Diluted EPS, GAAP	4.03	3.92	4.32	4.26	3.67	4.36	3.38	8.78	5.2	5.11	5.48	6.42	6.56	6.95	6
Diluted EPS from Cont Ops	4.05	3.95	4.35	4.29	3.7	4.39	3.41	8.81	5.23	5.15	5.53	6.47	6.62	6.99	6.04
Dividend per Share	2.02	2.14	2.25	2.51	2.79	2.96	3.15	3.48	3.81	3.99	4.2	4.48	4.86	5.27	5.59
Cash Flow per Share	5.72	5.49	6.34	7.06	7.5	7.47	7.06	6.65	6.94	7.69	8.4	7.85	9.78	9.12	8.84
Free Cash Flow per Basic Share	5.72	5.49	6.34	7.06	7.5	7.47	7.06	6.65	6.94	7.69	8.4	7.85	9.78	9.12	8.84
Cash & Equivalents per Share	2.83	4.29	6.33	5.86	8.29	11.29	13.74	6.36	4.13	6.92	4.33	3.88	7.28	6.75	6.97
Book Value per Share	25.79	27.97	30.38	33.01	34.87	36.79	37.23	42.38	44.55	45.99	47.14	49.25	50.99	52.69	53.25
Tangible Book Value per Share	-7.92	-7.21	-5.43	-7.76	-10.54	-11.7	-12.42	-11.33	-11.99	-17.77	-15.11	-11.99	-10.2	-10.32	-9.83

PepsiCo, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)