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 51,544 - -
Change - -1.36% -27.58% -20.31% -19.29% 14.75% - -
Enterprise Value (EV) 1 114,424 115,633 90,216 77,204 64,911 69,062 67,335 66,351
Change - 1.06% -21.98% -14.42% -15.92% 6.39% -2.5% -1.46%
P/E 25.3x 20.5x 18.2x 23.7x 25.9x 14.5x 12.9x 12.1x
PBR 10.3x 9.77x 7.01x 5.02x 4.13x 4.03x 3.35x 2.99x
PEG - 0.9x -1x -0.6x -1x 0x 1.1x 1.67x
Capitalization / Revenue 5.22x 4.42x 3.45x 2.75x 2.29x 2.69x 2.65x 2.59x
EV / Revenue 6.11x 5.3x 4.45x 3.81x 3.3x 3.61x 3.47x 3.33x
EV / EBITDA 16.8x 14.8x 12.8x 11.6x 9.76x 10.7x 10.1x 9.42x
EV / EBIT 19.7x 17.3x 15.2x 13.5x 11.4x 12.2x 11.5x 10.7x
EV / FCF 33.2x 32.9x 34.8x 28.1x 20.2x 25.1x 19.1x 17.7x
FCF Yield 3.01% 3.04% 2.88% 3.56% 4.95% 3.98% 5.23% 5.66%
Dividend per Share 2 0.9239 1.019 1.035 1.035 - 0.5524 0.5886 0.6425
Rate of return 2.15% 2.37% 3.29% 4.13% - 2.38% 2.54% 2.77%
EPS 2 1.694 2.095 1.728 1.057 0.779 1.596 1.791 1.921
Distribution rate 54.5% 48.7% 59.9% 97.9% - 34.6% 32.9% 33.4%
Net sales 1 18,740 21,807 20,269 20,245 19,643 19,143 19,415 19,904
EBITDA 1 6,822 7,799 7,037 6,645 6,650 6,446 6,661 7,047
EBIT 1 5,818 6,695 5,945 5,704 5,683 5,646 5,869 6,228
Net income 1 3,940 4,758 3,870 2,354 1,737 3,437 3,962 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 23.17 23.17 23.17
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.($)
14.52x3.61x10.71x2.38% 51.54B
11.5x2.76x9.18x7.38% 18.46B
16.29x3.65x12.54x3.49% 12.58B
11.36x1.39x8.49x5.12% 9.17B
68.7x8.88x44.58x0.23% 6.45B
39.16x4.64x24.68x0.67% 3.88B
26.58x3.2x14.23x1.89% 2.79B
30.2x - - 2.85% 1.35B
31.58x2.25x18.01x2.17% 1.3B
Average 27.77x 3.80x 17.80x 2.91% 11.95B
Weighted average by Cap. 18.80x 3.61x 13.22x 3.4%

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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