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.
PepsiCo Inc
Physical assets are 36.8% of total assets, a mixed footprint. Capex is 1.06x 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. ROIC is 15.1%, above an 8% cost-of-capital hurdle.
Fixed-asset turnover is 2.79x. Compare it with other names in the same basket.
Physical asset ratio
36.8%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
2.79x
Revenue per dollar of the physical asset base.
Capex / D&A
1.06x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-BRL 9.83
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—
Price BRL 44.00.
Fixed-charge coverage
3.93x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
0.9%
Latest free cash flow divided by current market cap (BRL 899.41B).
ROIC
15.1%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.33x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 26.7% | 3.68x | 1.37x | -BRL 11.44 | 6.15x | BRL 6.13B | 29.7% | 0.57x |
| 2019 | 30.8% | 3.22x | 1.74x | -BRL 12.05 | 7.16x | BRL 5.42B | 20.7% | 0.48x |
| 2020 | 29.3% | 3.05x | 1.66x | -BRL 17.84 | 5.49x | BRL 6.37B | 17.4% | 0.43x |
| 2021 | 31.1% | 3.25x | 1.44x | -BRL 15.11 | 4.47x | BRL 6.99B | 17.3% | 0.46x |
| 2022 | 34.6% | 3.24x | 1.59x | -BRL 12.08 | 29.63x | BRL 5.60B | 18.4% | 0.42x |
| 2023 | 35.1% | 3.05x | 1.47x | -BRL 10.30 | 4.03x | BRL 6.95B | 18.2% | 0.40x |
| 2024 | 36.9% | 2.93x | 1.39x | -BRL 10.32 | 3.69x | BRL 7.19B | 19.1% | 0.40x |
| 2025 | 36.8% | 2.79x | 1.06x | -BRL 9.83 | 3.93x | BRL 7.67B | 15.1% | 0.33x |
- Principal due is short-term debt, the amount reported as due within a year.
Latest year inputs (2025)
Net PP&E: BRL 33.65B
Inventory: BRL 5.85B
Total assets: BRL 107.40B
Goodwill: BRL 18.92B
Intangibles: BRL 15.07B
Liabilities: BRL 86.85B
Tangible book: -BRL 13.44B
Shares: 1,367,340,122
Revenue: BRL 93.93B
Capex: BRL 4.42B
D&A: BRL 4.18B
EBITDA: BRL 15.54B
Interest: BRL 4.00M
Short-term debt: BRL 2.83B
Free cash flow: BRL 7.67B
Operating income: BRL 11.20B
Invested capital: BRL 60.06B
Tax rate: 19.0%