Company Valuation: Diageo plc

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 111,604 97,766 96,438 69,845 55,656 45,825 - -
Change - -12.4% -1.36% -27.58% -20.31% -17.66% - -
Enterprise Value (EV) 1 128,474 114,424 115,633 90,216 77,204 66,135 63,297 61,314
Change - -10.94% 1.06% -21.98% -14.42% -14.34% -4.29% -3.13%
P/E ratio 30.2x 25.3x 20.5x 18.2x 23.7x 13.4x 13.2x 12.1x
PBR 11.6x 10.3x 9.77x 7.01x 5.02x 3.52x 2.99x 2.58x
PEG - 3.64x 0.9x -1x -0.6x 0.3x 8.2x 1.37x
Capitalization / Revenue 6.27x 5.22x 4.42x 3.45x 2.75x 2.35x 2.36x 2.3x
EV / Revenue 7.22x 6.11x 5.3x 4.45x 3.81x 3.38x 3.26x 3.07x
EV / EBITDA 21.9x 16.8x 14.8x 12.8x 11.6x 10.4x 10.1x 9.4x
EV / EBIT 24.6x 19.7x 17.3x 15.2x 13.5x 11.9x 11.7x 10.8x
EV / FCF 30.4x 33.2x 32.9x 34.8x 28.1x 21.6x 18.7x 17.2x
FCF Yield 3.29% 3.01% 3.04% 2.88% 3.56% 4.63% 5.35% 5.83%
Dividend per Share 2 1.013 0.9239 1.019 1.035 1.035 0.556 0.5831 0.6059
Rate of return 2.12% 2.15% 2.37% 3.29% 4.13% 2.7% 2.83% 2.94%
EPS 2 1.584 1.694 2.095 1.728 1.057 1.537 1.562 1.7
Distribution rate 64% 54.5% 48.7% 59.9% 97.9% 36.2% 37.3% 35.6%
Net sales 1 17,787 18,740 21,807 20,269 20,245 19,541 19,437 19,959
EBITDA 1 5,857 6,822 7,799 7,037 6,645 6,361 6,269 6,525
EBIT 1 5,233 5,818 6,695 5,945 5,704 5,551 5,433 5,660
Net income 1 3,716 3,940 4,758 3,870 2,354 3,391 3,439 3,756
Net Debt 1 16,871 16,657 19,195 20,371 21,548 20,310 17,472 15,489
Reference price 2 47.80 42.90 42.94 31.46 25.04 20.61 20.61 20.61
Nbr of stocks (in thousands) 2,334,775 2,278,906 2,245,879 2,219,979 2,222,295 2,223,602 - -
Announcement Date 29/07/21 28/07/22 01/08/23 30/07/24 05/08/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.41x3.38x10.4x2.7% 45.82B
12.19x2.85x9.49x6.9% 20.09B
16.93x4.01x13.06x3.15% 13.47B
9.72x1.25x7.81x5.8% 8.32B
72.46x7.08x43.78x0.18% 4.61B
38.56x4.6x24.6x1.25% 4.04B
24.76x3.06x13.59x2.79% 2.55B
61.46x4.35x32.76x0.79% 1.73B
41.92x2.35x19.76x2.01% 1.33B
Average 32.38x 3.66x 19.47x 2.84% 11.33B
Weighted average by Cap. 18.47x 3.40x 13.01x 3.63%

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