PepsiCo, Inc.

BMV:PEP * Stock Report

Market Cap: Mex$4.4t

PepsiCo Valuation

Is PEP * undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PEP * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PEP * (MX$3249.63) is trading below our estimate of fair value (MX$4647.47)

Significantly Below Fair Value: PEP * is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PEP *?

Key metric: As PEP * is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PEP *. This is calculated by dividing PEP *'s market cap by their current earnings.
What is PEP *'s PE Ratio?
PE Ratio23.2x
EarningsUS$9.36b
Market CapUS$217.23b

Price to Earnings Ratio vs Peers

How does PEP *'s PE Ratio compare to its peers?

The above table shows the PE ratio for PEP * vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.9x
FEMSA UBD Fomento Económico Mexicano. de
21.2x8.6%Mex$609.8b
AC * Arca Continental. de
15.3x8.0%Mex$288.2b
KO Coca-Cola
25.6x8.4%US$266.0b
BIMBO A Grupo Bimbo. de
21.5x14.6%Mex$272.7b
PEP * PepsiCo
23.2x9.1%Mex$217.2b

Price-To-Earnings vs Peers: PEP * is expensive based on its Price-To-Earnings Ratio (23.2x) compared to the peer average (20.9x).

Price to Earnings Ratio vs Industry

How does PEP *'s PE Ratio compare vs other companies in the Global Beverage Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies32PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PEP * is expensive based on its Price-To-Earnings Ratio (23.2x) compared to the Global Beverage industry average (17.9x).

Price to Earnings Ratio vs Fair Ratio

What is PEP *'s PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PEP * PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.2x
Fair PE Ratio20.9x

Price-To-Earnings vs Fair Ratio: PEP * is expensive based on its Price-To-Earnings Ratio (23.2x) compared to the estimated Fair Price-To-Earnings Ratio (20.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PEP * forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentMex$3,249.63
Mex$3,528.33
+8.6%
5.6%Mex$3,839.87Mex$2,870.21n/a21
Nov ’25Mex$3,360.00
Mex$3,528.33
+5.0%
5.6%Mex$3,839.87Mex$2,870.21n/a21
Oct ’25Mex$3,346.00
Mex$3,585.34
+7.2%
5.3%Mex$3,883.41Mex$2,961.59n/a22
Sep ’25Mex$3,387.00
Mex$3,616.45
+6.8%
5.5%Mex$3,966.54Mex$2,994.74n/a22
Aug ’25Mex$3,275.00
Mex$3,293.85
+0.6%
5.6%Mex$3,616.32Mex$2,730.32n/a22
Jul ’25Mex$3,002.00
Mex$3,403.82
+13.4%
6.9%Mex$3,854.15Mex$2,771.32n/a23
Jun ’25Mex$2,980.00
Mex$3,176.17
+6.6%
6.7%Mex$3,562.80Mex$2,561.82n/a22
May ’25Mex$2,990.00
Mex$3,206.23
+7.2%
6.6%Mex$3,596.63Mex$2,586.15n/a23
Apr ’25Mex$2,881.40
Mex$3,119.23
+8.3%
6.6%Mex$3,504.23Mex$2,519.71n/a23
Mar ’25Mex$2,807.00
Mex$3,198.47
+13.9%
6.6%Mex$3,594.09Mex$2,584.32n/a23
Feb ’25Mex$2,900.40
Mex$3,221.54
+11.1%
7.7%Mex$3,784.88Mex$2,597.80n/a22
Jan ’25Mex$2,868.00
Mex$3,203.29
+11.7%
7.6%Mex$3,755.25Mex$2,577.46n/a22
Dec ’24Mex$2,920.00
Mex$3,322.46
+13.8%
7.5%Mex$3,882.71Mex$2,664.95n/a22
Nov ’24Mex$2,947.00
Mex$3,407.54
+15.6%
7.5%Mex$3,997.05Mex$2,743.43Mex$3,360.0021
Oct ’24Mex$2,994.90
Mex$3,457.44
+15.4%
7.7%Mex$3,856.97Mex$2,734.95Mex$3,346.0019
Sep ’24Mex$2,994.10
Mex$3,383.04
+13.0%
7.5%Mex$3,750.96Mex$2,659.77Mex$3,387.0019
Aug ’24Mex$3,066.60
Mex$3,349.62
+9.2%
7.3%Mex$3,704.95Mex$2,627.15Mex$3,275.0020
Jul ’24Mex$3,178.66
Mex$3,413.39
+7.4%
5.5%Mex$3,764.64Mex$3,011.71Mex$3,002.0019
Jun ’24Mex$3,257.85
Mex$3,532.39
+8.4%
5.5%Mex$3,905.15Mex$3,124.12Mex$2,980.0020
May ’24Mex$3,395.00
Mex$3,532.02
+4.0%
8.3%Mex$3,970.03Mex$2,544.43Mex$2,990.0022
Apr ’24Mex$3,250.00
Mex$3,515.03
+8.2%
6.9%Mex$3,858.76Mex$2,654.07Mex$2,881.4023
Mar ’24Mex$3,079.75
Mex$3,411.80
+10.8%
7.1%Mex$3,762.96Mex$2,588.18Mex$2,807.0023
Feb ’24Mex$3,300.00
Mex$3,492.09
+5.8%
7.8%Mex$3,921.60Mex$2,633.08Mex$2,900.4022
Jan ’24Mex$3,541.21
Mex$3,644.07
+2.9%
8.0%Mex$4,151.47Mex$2,787.41Mex$2,868.0021
Dec ’23Mex$3,508.00
Mex$3,540.03
+0.9%
7.1%Mex$3,903.42Mex$2,751.91Mex$2,920.0021
Nov ’23Mex$3,590.00
Mex$3,666.82
+2.1%
5.4%Mex$4,005.26Mex$3,284.31Mex$2,947.0020

Analyst Forecast: Target price is less than 20% higher than the current share price.

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