Financials Starbucks Corporation

Equities

SBUX

US8552441094

Restaurants & Bars

Market Closed - Nasdaq Other stock markets 02:30:00 14/01/2025 am IST			5-day change	1st Jan Change
93.51 ^USD	+1.37%		+1.00%	+2.48%

13/01	Consumer Cos Climb Amid Mixed Holiday Sales Reports - Consumer Roundup	DJ
13/01	Starbucks New Policy Limits Restaurant Access to Paying Customers	MT

Projected Income Statement: Starbucks Corporation

income-statement-evolution-chart STARBUCKS-CORPORATION

Fiscal Period: September	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	23,518	29,061	32,250	35,976	36,176	37,249	39,815	43,425
Change	-	23.57%	10.98%	11.55%	0.56%	2.97%	6.89%	9.07%
EBITDA ¹	3,351	6,501	6,136	7,164	6,921	6,786	7,783	8,965
Change	-	94.01%	-5.62%	16.76%	-3.39%	-1.95%	14.68%	15.2%
EBIT ¹	2,133	5,262	4,855	5,801	5,409	5,182	6,066	7,081
Change	-	146.67%	-7.73%	19.49%	-6.77%	-4.19%	17.06%	16.73%
Interest Paid ¹	-437	-469.8	-482.9	-550.1	-562	-573.2	-583.6	-599
Earnings before Tax (EBT) ¹	1,164	5,357	4,232	5,402	4,970	4,675	5,608	6,604
Change	-	360.06%	-21%	27.65%	-8%	-5.92%	19.94%	17.76%
Net income ¹	928.3	4,199	3,282	4,124	3,761	3,506	4,230	4,961
Change	-	352.36%	-21.85%	25.69%	-8.82%	-6.77%	20.63%	17.3%
Announcement Date	29/10/20	28/10/21	03/11/22	02/11/23	30/10/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: September	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	7,097	5,996	4,222	6,203	6,749	6,668	7,496	8,147	8,050	7,636	8,150	8,414	8,714	8,720	9,168	9,374	9,425	8,563	9,114	9,074	9,324	8,797	9,529	9,539	9,971	9,401	10,227	10,244
Change	-	-15.52%	-29.58%	46.92%	8.81%	-1.21%	12.43%	8.67%	-1.18%	-5.15%	6.74%	3.24%	3.56%	0.07%	5.14%	2.24%	0.55%	-9.15%	6.43%	-0.44%	2.76%	-5.66%	8.33%	0.09%	4.54%	-5.71%	8.78%	0.16%
EBITDA ¹	1,589	856.9	-222.1	1,127	1,359	1,386	1,850	1,907	1,536	1,321	1,771	1,590	1,586	1,587	1,933	2,058	1,870	1,471	1,898	1,702	1,526	1,375	1,963	1,884	1,848	1,671	2,195	2,133
Change	-	-46.08%	-	-	20.57%	1.99%	33.51%	3.1%	-19.45%	-14.02%	34.08%	-10.23%	-0.23%	0.04%	21.81%	6.43%	-9.13%	-21.34%	29.04%	-10.33%	-10.32%	-9.92%	42.81%	-4.05%	-1.93%	-9.55%	31.37%	-2.84%
EBIT ¹	1,291	554.2	-530.2	817.8	1,048	1,076	1,540	1,597	1,213	996.4	1,373	1,273	1,259	1,245	1,591	1,706	1,485	1,099	1,518	1,307	1,132	982.9	1,531	1,466	1,421	1,247	1,739	1,676
Change	-	-57.09%	-	-	28.2%	2.61%	43.19%	3.7%	-24.06%	-17.86%	37.8%	-7.31%	-1.05%	-1.12%	27.78%	7.24%	-12.94%	-26.02%	38.09%	-13.88%	-13.38%	-13.18%	55.79%	-4.26%	-3.09%	-12.22%	39.45%	-3.65%
Charge d'intérêts ¹	-91.9	-99.2	-120.8	-125	-120.7	-115	-113.4	-120.6	-115.3	-119.1	-123.1	-125.3	-129.7	-136.3	-140.9	-143.2	-140.1	-140.6	-141.3	-140	-142	-143.6	-144.1	-144	-142	-142.7	-143.5	-143.4
Earnings before Tax (EBT) ¹	1,144	390.2	-812	442.4	808.3	889.9	1,411	2,248	1,062	876.1	1,192	1,101	1,135	1,210	1,464	1,593	1,379	992.4	1,404	1,194	1,026	889.5	1,364	1,335	1,340	1,153	1,658	1,627
Change	-	-65.89%	-	-	82.71%	10.1%	58.59%	59.26%	-52.73%	-17.54%	36.08%	-7.63%	3.07%	6.57%	21.06%	8.8%	-13.43%	-28.04%	41.51%	-15%	-14.08%	-13.28%	53.3%	-2.11%	0.42%	-13.97%	43.76%	-1.88%
Net income ¹	885.7	328.4	-678.4	392.6	622.2	659.4	1,153	1,764	815.9	674.5	912.9	878.3	855.2	908.3	1,142	1,219	1,024	772.4	1,055	909.3	772.1	662.3	1,037	1,003	1,008	852.2	1,238	1,210
Change	-	-62.92%	-	-	58.48%	5.98%	74.92%	52.97%	-53.76%	-17.33%	35.34%	-3.79%	-2.63%	6.21%	25.7%	6.8%	-15.98%	-24.6%	36.56%	-13.79%	-15.09%	-14.23%	56.65%	-3.34%	0.56%	-15.49%	45.22%	-2.23%
Announcement Date	28/01/20	28/04/20	28/07/20	29/10/20	26/01/21	27/04/21	27/07/21	28/10/21	01/02/22	03/05/22	02/08/22	03/11/22	02/02/23	02/05/23	01/08/23	02/11/23	30/01/24	30/04/24	30/07/24	30/10/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Starbucks Corporation

balance-sheet-analysis-chart STARBUCKS-CORPORATION

Fiscal Period: September	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	11,716	7,998	12,226	11,848	12,282	13,043	13,818	16,303
Change	-	-31.73%	52.86%	-3.09%	3.66%	6.19%	5.94%	17.98%
Announcement Date	29/10/20	28/10/21	03/11/22	02/11/23	30/10/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Starbucks Corporation

Fiscal Period: September	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	1,484	1,470	1,841	2,334	2,778	2,694	3,038	3,323
Change	-	-0.92%	25.26%	26.74%	19.02%	-3%	12.77%	9.38%
Free Cash Flow (FCF) ¹	114.2	4,519	2,556	3,675	3,318	3,666	4,257	4,779
Change	-	3,857.18%	-43.44%	43.78%	-9.71%	10.48%	16.12%	12.26%
Announcement Date	29/10/20	28/10/21	03/11/22	02/11/23	30/10/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Starbucks Corporation

Fiscal Period: September	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	14.25%	22.37%	19.03%	19.91%	19.13%	18.22%	19.55%	20.65%
EBIT Margin (%)	9.07%	18.11%	15.05%	16.13%	14.95%	13.91%	15.24%	16.31%
EBT Margin (%)	4.95%	18.43%	13.12%	15.02%	13.74%	12.55%	14.08%	15.21%
Net margin (%)	3.95%	14.45%	10.18%	11.46%	10.4%	9.41%	10.62%	11.43%
FCF margin (%)	0.49%	15.55%	7.93%	10.22%	9.17%	9.84%	10.69%	11%
FCF / Net Income (%)	12.3%	107.62%	77.89%	89.1%	88.23%	104.55%	100.64%	96.32%
Profitability
ROA	3.82%	13.82%	11.55%	14.19%	12.37%	15.51%	12.55%	13.05%
ROE	-	-	-	-	-	-	-	-
Financial Health
Leverage (Debt/EBITDA)	3.5x	1.23x	1.99x	1.65x	1.77x	1.92x	1.78x	1.82x
Debt / Free cash flow	102.59x	1.77x	4.78x	3.22x	3.7x	3.56x	3.25x	3.41x
Capital Intensity
CAPEX / Current Assets (%)	6.31%	5.06%	5.71%	6.49%	7.68%	7.23%	7.63%	7.65%
CAPEX / EBITDA (%)	44.27%	22.61%	30.01%	32.57%	40.13%	39.7%	39.04%	37.07%
CAPEX / FCF (%)	1,299.12%	32.53%	72.04%	63.5%	83.71%	73.49%	71.37%	69.54%
Items per share
Cash flow per share ¹	1.352	5.052	3.797	5.219	5.378	4.028	5.41	6.219
Change	-	273.67%	-24.84%	37.44%	3.04%	-25.09%	34.3%	14.94%
Dividend per Share ¹	1.23	2.29	2	2.16	2.32	2.475	2.615	2.823
Change	-	86.18%	-12.66%	8%	7.41%	6.67%	5.66%	7.97%
Book Value Per Share ¹	-6.652	-4.51	-7.58	-6.997	-6.572	-6.548	-6.59	-7.013
Change	-	-32.21%	68.09%	-7.69%	-6.08%	-0.36%	0.64%	6.41%
EPS ¹	0.79	3.54	2.83	3.58	3.31	3.103	3.785	4.526
Change	-	348.1%	-20.06%	26.5%	-7.54%	-6.24%	21.95%	19.58%
Nbr of stocks (in thousands)	11,68,900	11,79,100	11,47,400	11,45,400	11,33,200	11,33,800	11,33,800	11,33,800
Announcement Date	29/10/20	28/10/21	03/11/22	02/11/23	30/10/24	-	-	-