EV/EBITDA

15
Current
7%
More Expensive
vs 3-y average of 14

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
15
=
Enterprise Value
€28.9B
/
EBITDA
$2.3B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
15
=
Enterprise Value
€28.9B
/
EBITDA
$2.3B

Valuation Scenarios

Kellanova is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (14), the stock would be worth €66.38 (7% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-34%
Maximum Upside
No Upside Scenarios
Average Downside
14%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 15 €71.06
0%
3-Year Average 14 €66.38
-7%
5-Year Average 13 €61.61
-13%
Industry Average 10 €47.15
-34%
Country Average 14.4 €68.01
-4%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
€28.9B
/
Sep 2025
$2.3B
=
15
Current
€28.9B
/
Dec 2025
$2.3B
=
12.6
Forward
€28.9B
/
Dec 2026
$2.4B
=
12.3
Forward
€28.9B
/
Dec 2027
$2.4B
=
11.8
Forward
€28.9B
/
Dec 2028
$2.6B
=
11.1
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
US
Kellanova
XMUN:KEL
24.7B EUR 15 22.8
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 186 542.5 540 752.8
CH
Nestle SA
SIX:NESN
195.3B CHF 13.4 21.7
US
Mondelez International Inc
NASDAQ:MDLZ
73.4B USD 18.1 29.9
FR
Danone SA
PAR:BN
43.6B EUR 9.8 24
ZA
Tiger Brands Ltd
JSE:TBS
49.7B ZAR 9.6 13
US
Hershey Co
NYSE:HSY
39.1B USD 21.6 44.4
CN
Muyuan Foods Co Ltd
SZSE:002714
248.7B CNY 15.9 16.1
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
233.3B CNY 24.9 33.1
ZA
Avi Ltd
JSE:AVI
33.6B ZAR 8.8 13
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
24.2B CHF 19.8 33.5

Market Distribution

In line with most companies in the United States of America
Percentile
52nd
Based on 9 875 companies
52nd percentile
15
Low
0 — 10
Typical Range
10 — 21.5
High
21.5 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 10
Median 14.4
70th Percentile 21.5
Max 1 767 274.1

Kellanova
Glance View

In the bustling world of consumer goods, Kellanova emerges as a dynamic player with a rich heritage and an unwavering focus on innovation. The company's origins can be traced back to the iconic Kellogg Company, a name synonymous with breakfast cereals. As the demand for diverse and health-conscious food options grew, Kellanova adeptly expanded its portfolio beyond the breakfast aisle. By embracing the shifting consumer landscape, it ventured into various categories, including snacks and plant-based foods, capitalizing on the evolving preferences of modern consumers. Strategically balancing its legacy of trusted brands with a forward-looking vision, Kellanova leverages a global network that integrates manufacturing, marketing, and distribution to penetrate markets worldwide. Kellanova's business model thrives on a deep understanding of consumer trends and a robust supply chain that ensures its products reach shelves and pantries with efficiency. The company generates revenue through the sale of its diverse product range, tapping into partnerships with retailers, online platforms, and foodservice providers. Its success hinges on a blend of branding prowess, thanks to its storied history, and an ability to innovate in response to consumer demand for healthier, convenient, and ethically-sourced products. The company expertly balances product innovation with operational efficiency, thus maintaining margins while driving growth. By continually investing in its supply chain and embracing technological advancements, Kellanova ensures that it remains competitive in an increasingly complex global market, effectively turning consumer preferences into profitable endeavors.

KEL Intrinsic Value
55.76 EUR
Overvaluation 22%
Intrinsic Value
Price €71.06
K
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