Company Valuation: Starbucks Corporation

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 131,717 99,950 104,323 110,328 94,789 107,950 - -
Change - -24.12% 4.38% 5.76% -14.08% 13.88% - -
Enterprise Value (EV) 1 139,715 112,176 116,171 122,611 107,644 126,177 125,901 125,477
Change - -19.71% 3.56% 5.54% -12.21% 17.22% -0.22% -0.34%
P/E 31.6x 30.8x 25.4x 29.4x 51.2x 42x 30.3x 25.3x
PBR -24.8x -11.5x -13x -14.8x -11.7x -14.4x -14.7x -16.7x
PEG - -1.5x 1x -3.9x -1x 1.1x 0.8x 1.3x
Capitalization / Revenue 4.53x 3.1x 2.9x 3.05x 2.55x 2.84x 2.8x 2.67x
EV / Revenue 4.81x 3.48x 3.23x 3.39x 2.89x 3.32x 3.27x 3.1x
EV / EBITDA 21.5x 18.3x 16.2x 17.7x 20x 21.5x 19x 16.8x
EV / EBIT 26.6x 23.1x 20x 22.7x 29.2x 29.3x 24.8x 21.2x
EV / FCF 30.9x 43.9x 31.6x 37x 44.1x 38.7x 32.1x 30.6x
FCF Yield 3.23% 2.28% 3.16% 2.71% 2.27% 2.58% 3.11% 3.27%
Dividend per Share 2 2.29 2 2.16 2.32 2.45 2.516 2.61 2.708
Rate of return 2.05% 2.3% 2.37% 2.38% 2.94% 2.66% 2.76% 2.86%
EPS 2 3.54 2.83 3.58 3.31 1.63 2.257 3.129 3.743
Distribution rate 64.7% 70.7% 60.3% 70.1% 150% 112% 83.4% 72.3%
Net sales 1 29,061 32,250 35,976 36,176 37,184 37,993 38,523 40,449
EBITDA 1 6,501 6,136 7,164 6,921 5,376 5,855 6,633 7,460
EBIT 1 5,262 4,855 5,801 5,409 3,692 4,314 5,081 5,923
Net income 1 4,199 3,282 4,124 3,761 1,856 2,634 3,551 4,210
Net Debt 1 7,998 12,226 11,848 12,282 12,855 18,227 17,951 17,527
Reference price 2 111.71 87.11 91.08 97.36 83.39 94.71 94.71 94.71
Nbr of stocks (in thousands) 1,179,100 1,147,400 1,145,400 1,133,200 1,136,700 1,139,800 - -
Announcement Date 28/10/21 03/11/22 02/11/23 30/10/24 29/10/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
41.72x3.32x21.55x2.66% 108B
18.13x7.22x13.07x3.23% 164B
22.18x1.15x11.25x2.48% 50.55B
28.74x3.54x20.07x-.--% 40.95B
14.57x5.44x16.2x2.22% 37.15B
15.64x3.69x11.5x3.69% 24.38B
17.83x1.83x11.02x3.23% 22.67B
30.74x0.96x12.41x0.86% 14.64B
13.53x0.96x6.29x2.97% 13.61B
30.97x1.37x11.55x0.76% 10.98B
Average 23.40x 2.95x 13.49x 2.21% 48.7B
Weighted average by Cap. 24.80x 4.36x 15.17x 2.57%

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

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