Company Valuation: Diageo plc

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 111,604 97,766 96,438 69,845 55,656 46,330 - -
Change - -12.4% -1.36% -27.58% -20.31% -16.76% - -
Enterprise Value (EV) 1 128,474 114,424 115,633 90,216 77,204 66,397 63,542 61,799
Change - -10.94% 1.06% -21.98% -14.42% -14% -4.3% -2.74%
P/E 30.2x 25.3x 20.5x 18.2x 23.7x 13.5x 13.3x 12.1x
PBR 11.6x 10.3x 9.77x 7.01x 5.02x 3.57x 3.02x 2.6x
PEG - 3.64x 0.9x -1x -0.6x 0.3x 10.81x 1.25x
Capitalization / Revenue 6.27x 5.22x 4.42x 3.45x 2.75x 2.36x 2.39x 2.32x
EV / Revenue 7.22x 6.11x 5.3x 4.45x 3.81x 3.38x 3.28x 3.09x
EV / EBITDA 21.9x 16.8x 14.8x 12.8x 11.6x 10.4x 10.2x 9.54x
EV / EBIT 24.6x 19.7x 17.3x 15.2x 13.5x 11.9x 11.7x 10.9x
EV / FCF 30.4x 33.2x 32.9x 34.8x 28.1x 21.8x 18.8x 17.5x
FCF Yield 3.29% 3.01% 3.04% 2.88% 3.56% 4.58% 5.31% 5.71%
Dividend per Share 2 1.013 0.9239 1.019 1.035 1.035 0.5362 0.5583 0.5986
Rate of return 2.12% 2.15% 2.37% 3.29% 4.13% 2.57% 2.68% 2.87%
EPS 2 1.584 1.694 2.095 1.728 1.057 1.545 1.564 1.716
Distribution rate 64% 54.5% 48.7% 59.9% 97.9% 34.7% 35.7% 34.9%
Net sales 1 17,787 18,740 21,807 20,269 20,245 19,630 19,372 19,983
EBITDA 1 5,857 6,822 7,799 7,037 6,645 6,367 6,206 6,475
EBIT 1 5,233 5,818 6,695 5,945 5,704 5,589 5,428 5,684
Net income 1 3,716 3,940 4,758 3,870 2,354 3,421 3,450 3,780
Net Debt 1 16,871 16,657 19,195 20,371 21,548 20,067 17,212 15,469
Reference price 2 47.80 42.90 42.94 31.46 25.04 20.84 20.84 20.84
Nbr of stocks (in thousands) 2,334,775 2,278,906 2,245,879 2,219,979 2,222,295 2,223,630 - -
Announcement Date 29/07/21 28/07/22 01/08/23 30/07/24 05/08/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.9x2.82x9.34x7.07% 18.93B
16.43x3.76x12.74x3.4% 12.94B
10.65x1.34x8.18x5.44% 8.55B
87.4x8.51x52.66x0.15% 5.44B
39.88x4.6x25.2x0.78% 3.94B
26.27x3.19x14.18x2.75% 2.59B
53.49x4.08x28.64x0.85% 1.85B
30.14x2.16x17.29x2.28% 1.24B
Average 34.52x 3.81x 21.03x 2.84% 6.93B
Weighted average by Cap. 24.61x 3.54x 16.37x 4.33%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield