Explain this page
Arphra AIPlain-English read on Sysco Corporation’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Headline | |||||||||
| Market cap | — | — | — | — | — | — | — | — | — |
| Enterprise value | — | — | — | — | — | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | — | — | — | — | — | — |
| Free cash flow yield | — | — | — | — | — | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Margins | |||||||||
| Gross margin | +18.24% | +17.95% | +18.28% | +18.53% | +18.40% | +17.91% | +18.48% | +18.07% | +18.80% |
| Operating margin | +2.82% | +3.42% | +3.98% | +4.06% | +3.80% | +3.92% | +3.96% | +4.00% | +3.91% |
| EBITDA margin | +4.52% | +4.74% | +4.85% | +5.29% | +5.08% | +5.10% | +5.22% | +5.18% | +5.19% |
| EBIT margin | +2.86% | +3.45% | +3.68% | +4.02% | +3.75% | +3.82% | +3.88% | +3.88% | +3.84% |
| Pre-tax margin | +1.14% | +2.55% | +2.99% | +3.25% | +2.97% | +3.02% | +3.02% | +3.10% | +3.15% |
| Net margin | +1.02% | +1.98% | +2.32% | +2.48% | +2.25% | +2.35% | +2.29% | +2.42% | +2.35% |
| Cost structure | |||||||||
| Cost of revenue / sales | +81.76% | +82.05% | +81.72% | +81.47% | +81.60% | +81.87% | +83.07% | +82.53% | +79.42% |
| R&D intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SG&A intensity | +15.38% | +14.50% | +14.37% | +14.10% | +14.06% | +14.37% | +14.03% | +14.36% | +13.78% |
| Effective tax rate | +10.35% | +22.21% | +22.54% | +23.78% | +24.31% | +24.49% | +24.10% | +23.54% | +23.15% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| Return on equity (ROE) | +33.02% | +96.10% | +86.68% | +103.38% | +98.44% | +96.44% | +93.48% | +97.65% | +92.76% |
| Return on assets (ROA) | +2.45% | +6.15% | +7.76% | +7.85% | +6.83% | +7.33% | +7.16% | +7.55% | +7.44% |
| Return on capital (ROC) | +10.79% | +18.32% | +23.01% | +21.58% | +18.89% | +20.98% | +20.91% | +21.22% | +20.31% |
| Return on invested capital (ROIC) | +3.91% | +10.61% | +13.40% | +13.18% | +11.18% | +12.59% | +12.10% | +12.83% | +12.20% |
| Asset turnover | +239.56% | +310.77% | +334.45% | +316.43% | +303.91% | +311.65% | +312.13% | +312.46% | +316.52% |
| DuPont · ROE decomposition | |||||||||
| Net margin | +1.02% | +1.98% | +2.32% | +2.48% | +2.25% | +2.35% | +2.29% | +2.42% | +2.35% |
| Asset turnover (× revenue / assets) | +239.56% | +310.77% | +334.45% | +316.43% | +303.91% | +311.65% | +312.13% | +312.46% | +316.52% |
| Equity multiplier (× assets / equity) | +1348.90% | +1561.70% | +1117.58% | +1317.66% | +1441.79% | +1316.51% | +1305.89% | +1293.17% | +1247.20% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Asset turnover | 2.40 | 3.11 | 3.34 | 3.16 | 3.04 | 3.12 | 3.12 | 3.12 | 3.17 |
| Fixed-asset turnover | 10.19 | 13.25 | 13.52 | 12.28 | 11.28 | — | — | — | — |
| Inventory turnover | 11.35 | 12.69 | 13.92 | 13.73 | 13.14 | — | — | — | — |
| Receivables turnover | 13.53 | 14.08 | 14.97 | 14.75 | 14.78 | — | — | — | — |
| Payables turnover | 8.59 | 9.79 | 10.35 | 10.21 | 10.20 | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | 26.97 | 25.92 | 24.38 | 24.75 | 24.70 | — | — | — | — |
| Days inventory outstanding (DIO) | 32.16 | 28.76 | 26.22 | 26.58 | 27.78 | — | — | — | — |
| Days payables outstanding (DPO) | 42.51 | 37.29 | 35.26 | 35.74 | 35.80 | — | — | — | — |
| Cash conversion cycle | 16.62 | 17.40 | 15.34 | 15.59 | 16.68 | — | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 3.63 | 1.32 | 1.62 | 1.53 | 1.47 | 1.52 | 1.53 | 1.50 | 1.55 |
| FCF / Net income | 2.73 | 0.85 | 1.17 | 1.10 | 0.97 | 1.06 | 1.09 | 1.07 | 1.07 |
| FCF margin | +2.79% | +1.69% | +2.72% | +2.74% | +2.19% | +2.49% | +2.50% | +2.60% | +2.52% |
| OCF margin | +3.71% | +2.61% | +3.76% | +3.79% | +3.30% | +3.57% | +3.51% | +3.63% | +3.64% |
| CapEx / Revenue | +0.92% | +0.92% | +1.04% | +1.06% | +1.11% | +1.08% | +1.04% | +1.05% | +1.09% |
| CapEx / D&A | 0.55 | 0.72 | 0.89 | 0.83 | 0.83 | — | — | — | — |
| Stock-based comp / Revenue | +0.19% | +0.18% | +0.13% | +0.13% | +0.11% | — | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 1.02 | 2.64 | 3.47 | 3.89 | 3.73 | 4.59 | 4.95 | 5.31 | 5.58 |
| EPS · basic | 1.03 | 2.66 | 3.49 | 3.90 | 3.74 | 4.67 | 5.01 | 5.40 | 5.60 |
| Book value / share | 3.09 | 2.75 | 4.01 | 3.76 | 3.79 | 4.20 | 4.45 | 4.61 | 4.90 |
| Tangible BV / share | -6.04 | -7.94 | -6.79 | -8.85 | -9.09 | 4.20 | 4.45 | 4.61 | 4.90 |
| Sales / share | 99.89 | 133.53 | 149.74 | 156.72 | 166.12 | 172.17 | 181.57 | 186.12 | 193.24 |
| Operating CF / share | 3.71 | 3.48 | 5.63 | 5.94 | 5.49 | 6.15 | 6.38 | 6.76 | 7.03 |
| Free cash flow / share | 2.79 | 2.25 | 4.07 | 4.29 | 3.64 | 4.29 | 4.53 | 4.83 | 4.86 |
| Dividends / share | 1.79 | 1.87 | 1.95 | 2.00 | 2.04 | 2.21 | 2.29 | 2.39 | 2.41 |
| Payout ratio | +175.04% | +70.57% | +56.27% | +51.56% | +54.70% | +54.56% | +55.02% | +53.04% | +53.09% |
| Retention ratio | -75.04% | +29.43% | +43.73% | +48.44% | +45.30% | +45.44% | +44.98% | +46.96% | +46.91% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E | 8y CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Top-line | ||||||||||
| Revenue · YoY | — | +33.80% | +11.20% | +3.30% | +3.20% | +3.70% | +4.87% | +3.33% | +3.40% | +7.94% |
| Gross profit · YoY | — | +31.67% | +13.27% | +4.68% | +2.47% | +0.94% | +8.26% | +0.99% | +7.60% | +8.35% |
| Profit | ||||||||||
| Operating income · YoY | — | +62.11% | +29.54% | +5.36% | -3.56% | +6.98% | +6.19% | +4.16% | +1.19% | +12.44% |
| EBITDA · YoY | — | +40.37% | +13.81% | +12.65% | -0.79% | +3.95% | +7.53% | +2.38% | +3.76% | +9.85% |
| Net income · YoY | — | +159.25% | +30.24% | +10.45% | -6.50% | +8.49% | +2.33% | +8.88% | +0.54% | +19.78% |
| Operating | ||||||||||
| EBIT · YoY | — | +61.86% | +18.60% | +12.80% | -3.85% | +5.71% | +6.39% | +3.55% | +2.29% | +12.02% |
| R&D · YoY | — | — | — | — | — | — | — | — | — | — |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | +158.82% | +31.44% | +12.10% | -4.11% | +22.97% | +7.96% | +7.28% | +5.11% | +23.68% |
| EPS · basic · YoY | — | +158.25% | +31.20% | +11.75% | -4.10% | +24.76% | +7.42% | +7.82% | +3.61% | +23.57% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Leverage | |||||||||
| Total debt | $11.82B | $11.39B | $11.17B | $12.95B | $14.49B | $13.69B | $14.61B | $14.96B | $15.81B |
| Net debt | $8.81B | $10.52B | $10.42B | $12.25B | $13.42B | $12.8B | $13.65B | $14.01B | $14.81B |
| Net debt / EBITDA | 3.80 | 3.24 | 2.82 | 2.94 | 3.25 | 2.98 | 2.95 | 2.96 | 3.01 |
| Debt / equity | 7.45 | 8.05 | 5.47 | 6.85 | 7.81 | 6.66 | 6.73 | 6.61 | 6.60 |
| Debt / assets | +55.20% | +51.57% | +48.93% | +51.95% | +54.13% | +50.57% | +51.52% | +51.11% | +52.93% |
| Equity / assets | +7.41% | +6.40% | +8.95% | +7.59% | +6.94% | +7.60% | +7.66% | +7.73% | +8.02% |
| Coverage | |||||||||
| EBITDA / interest expense | 2.63 | 5.21 | 7.02 | 6.87 | 6.51 | 6.98 | 6.81 | 6.87 | 6.94 |
| Operating income / interest | 1.64 | 3.76 | 5.77 | 5.28 | 4.86 | 5.36 | 5.17 | 5.30 | 5.22 |
| Interest expense | $880.14M | $624M | $527M | $607M | $635M | $616.11M | $678.61M | $689.22M | $707.91M |
| Liquidity | |||||||||
| Current ratio | 1.47 | 1.20 | 1.24 | 1.20 | 1.21 | — | — | — | — |
| Quick ratio | 0.93 | 0.66 | 0.68 | 0.65 | 0.66 | — | — | — | — |
| Cash ratio | 0.41 | 0.10 | 0.09 | 0.08 | 0.11 | — | — | — | — |
| Working capital | $3.41B | $1.73B | $2.07B | $1.8B | $2.05B | — | — | — | — |
| Working capital / revenue | +6.65% | +2.53% | +2.71% | +2.29% | +2.52% | — | — | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).