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 48,265 - -
Change - -1.36% -27.58% -20.31% -19.29% 7.45% - -
Enterprise Value (EV) 1 114,424 115,633 90,216 77,204 64,911 66,016 64,200 63,451
Change - 1.06% -21.98% -14.42% -15.92% 1.7% -2.75% -1.17%
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 3.77x 3.22x 2.81x
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 3.45x 3.31x 3.19x
EV / EBITDA 16.8x 14.8x 12.8x 11.6x 9.76x 10.2x 9.49x 9.05x
EV / EBIT 19.7x 17.3x 15.2x 13.5x 11.4x 11.7x 10.8x 10.2x
EV / FCF 33.2x 32.9x 34.8x 28.1x 20.2x 24x 18.2x 16.9x
FCF Yield 3.01% 3.04% 2.88% 3.56% 4.95% 4.16% 5.48% 5.92%
Dividend per Share 2 0.9239 1.019 1.035 1.035 - 0.5496 0.5888 0.6425
Rate of return 2.15% 2.37% 3.29% 4.13% - 2.53% 2.71% 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% - 34.5% 32.8% 33.4%
Net sales 1 18,740 21,807 20,269 20,245 19,643 19,150 19,382 19,877
EBITDA 1 6,822 7,799 7,037 6,645 6,650 6,455 6,762 7,011
EBIT 1 5,818 6,695 5,945 5,704 5,683 5,659 5,958 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 17,751 15,935 15,186
Reference price 2 42.90 42.94 31.46 25.04 20.20 21.70 21.70 21.70
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.($)
13.9x3.5x10.38x2.48% 49.27B
11.14x2.71x9.05x7.63% 17.78B
15.54x3.57x12.13x3.62% 12.13B
11.07x1.37x8.35x5.25% 8.9B
65.16x8.42x42.27x0.24% 6.1B
36.04x4.46x22.9x0.86% 3.79B
24.99x3.05x13.57x2.01% 2.61B
36.58x - - 2.35% 1.64B
Average 26.80x 3.87x 16.95x 3.05% 12.78B
Weighted average by Cap. 17.90x 3.50x 12.67x 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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