Company Valuation: Starbucks Corporation

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 131,717 99,950 104,323 110,328 94,789 120,614 - -
Change - -24.12% 4.38% 5.76% -14.08% 27.24% - -
Enterprise Value (EV) 1 139,715 112,176 116,171 122,611 107,644 139,481 139,167 139,986
Change - -19.71% 3.56% 5.54% -12.21% 29.58% -0.23% 0.59%
P/E 31.6x 30.8x 25.4x 29.4x 51.2x 46.3x 34x 28.4x
PBR -24.8x -11.5x -13x -14.8x -11.7x -16x -16.5x -18.6x
PEG - -1.5x 1x -3.9x -1x 1.2x 0.9x 1.5x
Capitalization / Revenue 4.53x 3.1x 2.9x 3.05x 2.55x 3.18x 3.12x 2.97x
EV / Revenue 4.81x 3.48x 3.23x 3.39x 2.89x 3.67x 3.6x 3.45x
EV / EBITDA 21.5x 18.3x 16.2x 17.7x 20x 23.9x 21x 18.7x
EV / EBIT 26.6x 23.1x 20x 22.7x 29.2x 32.5x 27.3x 23.5x
EV / FCF 30.9x 43.9x 31.6x 37x 44.1x 43.3x 35.5x 34.1x
FCF Yield 3.23% 2.28% 3.16% 2.71% 2.27% 2.31% 2.82% 2.93%
Dividend per Share 2 2.29 2 2.16 2.32 2.45 2.516 2.61 2.708
Rate of return 2.05% 2.3% 2.37% 2.38% 2.94% 2.38% 2.47% 2.56%
EPS 2 3.54 2.83 3.58 3.31 1.63 2.286 3.115 3.723
Distribution rate 64.7% 70.7% 60.3% 70.1% 150% 110% 83.8% 72.7%
Net sales 1 29,061 32,250 35,976 36,176 37,184 37,988 38,639 40,632
EBITDA 1 6,501 6,136 7,164 6,921 5,376 5,835 6,643 7,497
EBIT 1 5,262 4,855 5,801 5,409 3,692 4,296 5,091 5,950
Net income 1 4,199 3,282 4,124 3,761 1,856 2,667 3,536 4,189
Net Debt 1 7,998 12,226 11,848 12,282 12,855 18,868 18,553 19,373
Reference price 2 111.71 87.11 91.08 97.36 83.39 105.82 105.82 105.82
Nbr of stocks (in thousands) 1,179,100 1,147,400 1,145,400 1,133,200 1,136,700 1,139,800 - -
Announcement Date 10/28/21 11/3/22 11/2/23 10/30/24 10/29/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
46.68x3.7x24.08x2.36% 121B
22.99x1.17x11.49x2.43% 52.47B
19.54x1.98x11.93x2.95% 24.76B
32.33x1.41x11.83x0.73% 11.88B
13.56x1.66x8.15x2.07% 9.99B
32.78x0.49x9.16x2.85% 9.91B
41.71x2.94x16.2x0.34% 8.64B
13.08x1.07x6.5x6.89% 8.08B
16.15x2.83x11.12x2.9% 7.64B
Average 26.53x 1.92x 12.27x 2.61% 28.22B
Weighted average by Cap. 34.47x 2.56x 17.29x 2.45%

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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  3. SBUX Stock
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  5. Valuation Starbucks Corporation