Financials Diageo plc

Equities

DGE

GB0002374006

Distillers & Wineries

Market Closed - London S.E. 16:35:17 24/05/2024 BST 5-day change 1st Jan Change
2,693 GBX -0.61% Intraday chart for Diageo plc -3.84% -5.71%

Valuation

Fiscal Period: Juni 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 101,786 77,540 111,731 97,827 96,323 76,200 - -
Enterprise Value (EV) 1 115,863 94,835 128,602 114,485 115,518 96,620 96,185 95,655
P/E ratio 26.5 x 42.5 x 30.2 x 25.3 x 20.5 x 19 x 17.7 x 16.4 x
Yield 1.99% 2.75% 2.12% 2.15% 2.38% 2.98% 3.1% 3.31%
Capitalization / Revenue 6.34 x 5.05 x 6.28 x 5.22 x 4.42 x 3.75 x 3.61 x 3.43 x
EV / Revenue 7.21 x 6.18 x 7.23 x 6.11 x 5.3 x 4.75 x 4.56 x 4.31 x
EV / EBITDA 20.7 x 18.2 x 22 x 16.8 x 14.8 x 14.3 x 13.7 x 13 x
EV / FCF 35.6 x 44.5 x 30.4 x 33.3 x 32.9 x 30.8 x 26.8 x 26.6 x
FCF Yield 2.81% 2.25% 3.29% 3.01% 3.04% 3.25% 3.73% 3.76%
Price to Book 9.95 x 8.81 x 11.6 x 10.3 x 9.76 x 7.05 x 6.05 x 5.43 x
Nbr of stocks (in thousands) 2,369,149 2,334,335 2,334,775 2,278,906 2,245,879 2,219,942 - -
Reference price 2 42.96 33.22 47.86 42.93 42.89 34.33 34.33 34.33
Announcement Date 25/07/19 04/08/20 29/07/21 28/07/22 01/08/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Juni 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 16,062 15,348 17,787 18,740 21,807 20,337 21,108 22,197
EBITDA 1 5,605 5,208 5,857 6,822 7,799 6,772 7,014 7,373
EBIT 1 5,138 4,563 5,233 5,818 6,695 6,070 6,277 6,612
Operating Margin 31.99% 29.73% 29.42% 31.04% 30.7% 29.85% 29.74% 29.79%
Earnings before Tax (EBT) 1 5,287 2,668 5,177 5,320 6,035 5,775 6,074 6,591
Net income 1 3,945 1,840 3,716 3,940 4,758 4,030 4,261 4,575
Net margin 24.56% 11.99% 20.89% 21.03% 21.82% 19.82% 20.19% 20.61%
EPS 2 1.624 0.7823 1.584 1.694 2.095 1.806 1.934 2.090
Free Cash Flow 1 3,256 2,133 4,230 3,442 3,511 3,136 3,588 3,598
FCF margin 20.27% 13.9% 23.78% 18.37% 16.1% 15.42% 17% 16.21%
FCF Conversion (EBITDA) 58.08% 40.96% 72.22% 50.45% 45.02% 46.3% 51.15% 48.81%
FCF Conversion (Net income) 82.53% 115.94% 113.83% 87.35% 73.78% 77.8% 84.2% 78.65%
Dividend per Share 2 0.8560 0.9127 1.013 0.9239 1.019 1.024 1.066 1.136
Announcement Date 25/07/19 04/08/20 29/07/21 28/07/22 01/08/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 Q1 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2
Net sales 1 9,430 5,945 9,434 8,184 10,659 9,090 5,823 11,645 9,803 10,962 9,517 12,741 9,802
EBITDA - - - - - - - - - - - - -
EBIT 3,276 1,297 3,096 2,081 3,674 2,491 - 3,948 2,625 3,510 2,617 3,583 2,543
Operating Margin 34.74% 21.81% 32.82% 25.43% 34.47% 27.4% - 33.91% 26.78% 32.02% 27.49% 28.12% 25.94%
Earnings before Tax (EBT) 3,227 -549.8 - 2,107 3,646 2,019 - 3,779 2,140 3,079 2,445 3,790 2,537
Net income 2,443 -595.5 - 1,509 2,632 1,557 - 2,837 1,834 2,210 1,805 2,759 1,852
Net margin 25.9% -10.02% - 18.43% 24.7% 17.13% - 24.36% 18.71% 20.16% 18.97% 21.65% 18.9%
EPS 1.032 -0.2468 - 0.6426 1.125 0.6755 - 1.244 0.8130 0.9840 0.8093 1.253 0.8472
Dividend per Share 0.3590 0.5545 0.3837 0.6212 0.3933 0.5678 - - 0.6266 0.4050 0.6079 0.5244 0.6294
Announcement Date 30/01/20 04/08/20 28/01/21 29/07/21 27/01/22 28/07/22 26/01/23 26/01/23 01/08/23 30/01/24 - - -
1USD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 14,077 17,295 16,871 16,657 19,195 20,420 19,984 19,454
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.512 x 3.321 x 2.88 x 2.442 x 2.461 x 3.015 x 2.849 x 2.639 x
Free Cash Flow 1 3,256 2,133 4,230 3,442 3,511 3,136 3,588 3,598
ROE (net income / shareholders' equity) 34.6% 33.9% 40.2% 47.9% 47.4% 40% 39.9% 37.7%
ROA (Net income/ Total Assets) 10.4% 7.94% 8.42% 10.3% 10.3% 9.24% 9.2% 9.49%
Assets 1 38,031 23,165 44,156 38,322 46,372 43,626 46,332 48,200
Book Value Per Share 2 4.320 3.770 4.110 4.150 4.390 4.870 5.670 6.330
Cash Flow per Share 2 1.670 1.290 2.170 2.050 1.700 2.090 2.150 2.260
Capex 1 798 896 874 1,330 1,504 1,383 1,381 1,369
Capex / Sales 4.97% 5.84% 4.92% 7.1% 6.9% 6.8% 6.54% 6.17%
Announcement Date 25/07/19 04/08/20 29/07/21 28/07/22 01/08/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
22
Last Close Price
34.33 USD
Average target price
38.08 USD
Spread / Average Target
+10.93%
Consensus
  1. Stock Market
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  4. Financials Diageo plc