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 48,220 - -
Change - -1.36% -27.58% -20.31% -19.29% 7.35% - -
Enterprise Value (EV) 1 114,424 115,633 90,216 77,204 64,911 65,821 64,120 63,052
Change - 1.06% -21.98% -14.42% -15.92% 1.4% -2.58% -1.66%
P/E 25.3x 20.5x 18.2x 23.7x 25.9x 13.6x 12.1x 11.3x
PBR 10.3x 9.77x 7.01x 5.02x 4.13x 3.76x 3.18x 2.77x
PEG - 0.9x -1x -0.6x -1x 0x 1x 1.57x
Capitalization / Revenue 5.22x 4.42x 3.45x 2.75x 2.29x 2.52x 2.49x 2.43x
EV / Revenue 6.11x 5.3x 4.45x 3.81x 3.3x 3.44x 3.31x 3.18x
EV / EBITDA 16.8x 14.8x 12.8x 11.6x 9.76x 10.2x 9.59x 8.99x
EV / EBIT 19.7x 17.3x 15.2x 13.5x 11.4x 11.6x 10.9x 10.2x
EV / FCF 33.2x 32.9x 34.8x 28.1x 20.2x 23.9x 18.2x 16.8x
FCF Yield 3.01% 3.04% 2.88% 3.56% 4.95% 4.18% 5.49% 5.96%
Dividend per Share 2 0.9239 1.019 1.035 1.035 - 0.5507 0.5882 0.6457
Rate of return 2.15% 2.37% 3.29% 4.13% - 2.54% 2.71% 2.98%
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% 33.6%
Net sales 1 18,740 21,807 20,269 20,245 19,643 19,147 19,390 19,849
EBITDA 1 6,822 7,799 7,037 6,645 6,650 6,459 6,688 7,013
EBIT 1 5,818 6,695 5,945 5,704 5,683 5,659 5,893 6,200
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 17,600 15,899 14,832
Reference price 2 42.90 42.94 31.46 25.04 20.20 21.68 21.68 21.68
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 7/28/22 8/1/23 7/30/24 8/5/25 8/6/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.6x3.44x10.19x2.54% 48.22B
10.82x2.66x8.89x7.85% 17.36B
15.53x3.56x12.11x3.62% 12.1B
10.79x1.35x8.21x5.39% 8.73B
65.16x8.42x42.27x0.24% 6.12B
36.13x4.47x22.95x0.86% 3.82B
24.42x3x13.33x2.06% 2.56B
56.14x4.17x29.68x0.87% 1.85B
Average 29.07x 3.88x 18.45x 2.93% 12.6B
Weighted average by Cap. 18.15x 3.48x 12.90x 3.59%

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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