Company Valuation: Diageo plc

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 97,766 96,438 69,845 55,656 44,920 49,105 - -
Change - -1.36% -27.58% -20.31% -19.29% 9.32% - -
Enterprise Value (EV) 1 114,424 115,633 90,216 77,204 64,911 66,623 64,895 63,912
Change - 1.06% -21.98% -14.42% -15.92% 2.64% -2.59% -1.52%
P/E 25.3x 20.5x 18.2x 23.7x 25.9x 13.9x 12.3x 11.5x
PBR 10.3x 9.77x 7.01x 5.02x 4.13x 3.83x 3.24x 2.82x
PEG - 0.9x -1x -0.6x -1x 0x 1x 1.6x
Capitalization / Revenue 5.22x 4.42x 3.45x 2.75x 2.29x 2.56x 2.53x 2.46x
EV / Revenue 6.11x 5.3x 4.45x 3.81x 3.3x 3.48x 3.35x 3.21x
EV / EBITDA 16.8x 14.8x 12.8x 11.6x 9.76x 10.6x 9.76x 9.06x
EV / EBIT 19.7x 17.3x 15.2x 13.5x 11.4x 11.8x 11x 10.2x
EV / FCF 33.2x 32.9x 34.8x 28.1x 20.2x 24.2x 18.4x 17x
FCF Yield 3.01% 3.04% 2.88% 3.56% 4.95% 4.13% 5.42% 5.88%
Dividend per Share 2 0.9239 1.019 1.035 1.035 - 0.5517 0.589 0.6537
Rate of return 2.15% 2.37% 3.29% 4.13% - 2.5% 2.67% 2.96%
EPS 2 1.694 2.095 1.728 1.057 0.779 1.594 1.794 1.923
Distribution rate 54.5% 48.7% 59.9% 97.9% - 34.6% 32.8% 34%
Net sales 1 18,740 21,807 20,269 20,245 19,643 19,147 19,399 19,923
EBITDA 1 6,822 7,799 7,037 6,645 6,650 6,313 6,646 7,056
EBIT 1 5,818 6,695 5,945 5,704 5,683 5,645 5,875 6,239
Net income 1 3,940 4,758 3,870 2,354 1,737 3,439 3,964 4,213
Net Debt 1 16,657 19,195 20,371 21,548 19,991 17,518 15,790 14,807
Reference price 2 42.90 42.94 31.46 25.04 20.20 22.08 22.08 22.08
Nbr of stocks (in thousands) 2,278,906 2,245,879 2,219,979 2,222,295 2,223,723 2,224,397 - -
Announcement Date 28/07/22 01/08/23 30/07/24 05/08/25 06/08/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.85x3.48x10.55x2.5% 49.11B
11.12x2.7x9x7.64% 17.89B
15.84x3.62x12.34x3.56% 12.33B
11x1.37x8.32x5.29% 8.93B
66.3x8.57x43.01x0.23% 6.29B
38.95x4.62x24.56x0.67% 3.85B
25.02x3.05x13.58x2.01% 2.63B
37.03x - - 2.32% 1.66B
Average 27.39x 3.92x 17.34x 3.03% 12.84B
Weighted average by Cap. 18.18x 3.52x 12.93x 3.54%

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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