Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Nestle SA ADR
Physical assets are 35.7% of total assets, a mixed footprint. Capex is 1.19x depreciation and free cash flow yield is still positive, which fits a physical base that is being replaced or expanded without consuming all of its cash. EBITDA after capex covers debt service by 0.98x, which is below 1.
Fixed-asset turnover is 2.62x. Compare it with other names in the same basket.
Physical asset ratio
35.7%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
2.62x
Revenue per dollar of the physical asset base.
Capex / D&A
1.19x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-$4.37
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—
Price $99.96.
Fixed-charge coverage
0.98x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
4.3%
Latest free cash flow divided by current market cap ($251.51B).
ROIC
12.5%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.42x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 28.5% | 3.06x | 0.99x | $2.67 | 0.99x | $11.53B | 13.2% | 0.51x |
| 2019 | 29.8% | 3.22x | 1.13x | -$7.76 | 1.05x | $11.64B | 16.6% | 0.57x |
| 2020 | 29.0% | 3.26x | 1.26x | -$10.13 | 1.08x | $10.01B | 15.1% | 0.57x |
| 2021 | 29.0% | 3.07x | 1.55x | -$10.94 | 0.87x | $8.52B | 12.0% | 0.41x |
| 2022 | 33.4% | 3.13x | 1.51x | -$14.75 | 0.88x | $6.55B | 10.4% | 0.41x |
| 2023 | 33.5% | 3.06x | 1.79x | -$3.98 | 1.06x | $9.74B | 13.8% | 0.46x |
| 2024 | 33.7% | 2.72x | 1.66x | -$5.06 | 0.93x | $10.71B | 12.4% | 0.44x |
| 2025 | 35.7% | 2.62x | 1.19x | -$4.37 | 0.98x | $10.87B | 12.5% | 0.42x |
- Principal due is short-term debt, the amount reported as due within a year.
Latest year inputs (2025)
Net PP&E: $32.59B
Inventory: $12.83B
Total assets: $127.30B
Goodwill: $27.67B
Intangibles: $16.69B
Liabilities: $94.20B
Tangible book: -$11.26B
Shares: 2,576,000,000
Revenue: $85.47B
Capex: $4.32B
D&A: $3.63B
EBITDA: $17.26B
Interest: $1.61B
Short-term debt: $11.62B
Free cash flow: $10.87B
Operating income: $13.63B
Invested capital: $84.53B
Tax rate: 22.2%