You have to value Nestl, the Swiss food group, using a peercomparable method. In 2020, Nestl earned

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You have to value Nestlé, the Swiss food group, using a peercomparable method. In 2020, Nestlé earned an operating income of CHF 14.2bn and had, as of 31 December 2020, a net financial debt of CHF 31.3bn. Nestlé owned 23.2% of L'Oréal, consolidated using the equity method and whose market cap as of 31 December 2020 was

€174bn (CHF 188bn). If the 2020 EBIT multiple of food groups was 20, what is your estimation of the equity value of Nestlé?

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Corporate Finance Theory And Practice

ISBN: 9781119841623

6th Edition

Authors: Pascal Quiry, Yann Le Fur, Pierre Vernimmen

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