Company Valuation: Starbucks Corporation

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,31,717 99,950 1,04,323 1,10,328 94,789 1,10,235 - -
Change - -24.12% 4.38% 5.76% -14.08% 16.29% - -
Enterprise Value (EV) 1 1,39,715 1,12,176 1,16,171 1,22,611 1,07,644 1,20,867 1,20,946 1,20,285
Change - -19.71% 3.56% 5.54% -12.21% 12.28% 0.07% -0.55%
P/E ratio 31.6x 30.8x 25.4x 29.4x 51.2x 48.2x 33x 27x
PBR -24.8x -11.5x -13x -14.8x -11.7x -13.6x -14.5x -15.4x
PEG - -1.5x 1x -3.9x -1x 2.1x 0.7x 1.2x
Capitalization / Revenue 4.53x 3.1x 2.9x 3.05x 2.55x 2.88x 2.73x 2.6x
EV / Revenue 4.81x 3.48x 3.23x 3.39x 2.89x 3.16x 3x 2.84x
EV / EBITDA 21.5x 18.3x 16.2x 17.7x 20x 21.4x 18.1x 15.6x
EV / EBIT 26.6x 23.1x 20x 22.7x 29.2x 30.8x 24.7x 20.3x
EV / FCF 30.9x 43.9x 31.6x 37x 44.1x 42.4x 31.4x 31.6x
FCF Yield 3.23% 2.28% 3.16% 2.71% 2.27% 2.36% 3.18% 3.16%
Dividend per Share 2 2.29 2 2.16 2.32 2.45 2.499 2.61 2.755
Rate of return 2.05% 2.3% 2.37% 2.38% 2.94% 2.58% 2.7% 2.85%
EPS 2 3.54 2.83 3.58 3.31 1.63 2.008 2.935 3.584
Distribution rate 64.7% 70.7% 60.3% 70.1% 150% 124% 88.9% 76.9%
Net sales 1 29,061 32,250 35,976 36,176 37,184 38,309 40,349 42,352
EBITDA 1 6,501 6,136 7,164 6,921 5,376 5,641 6,664 7,716
EBIT 1 5,262 4,855 5,801 5,409 3,692 3,921 4,906 5,926
Net income 1 4,199 3,282 4,124 3,761 1,856 2,273 3,342 4,103
Net Debt 1 7,998 12,226 11,848 12,282 12,855 10,632 10,711 10,050
Reference price 2 111.71 87.11 91.08 97.36 83.39 96.76 96.76 96.76
Nbr of stocks (in thousands) 11,79,100 11,47,400 11,45,400 11,33,200 11,36,700 11,39,262 - -
Announcement Date 28/10/21 03/11/22 02/11/23 30/10/24 29/10/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
48.18x3.16x21.43x2.58% 11TCr
19.83x1.07x10.66x2.64% 4.71TCr
19.84x2.01x12.27x2.82% 2.45TCr
22.38x3.62x15.22x0.21% 1.88TCr
18.95x1.74x9.33x4.86% 1.19TCr
33.83x1.36x12.37x0.76% 968.94Cr
22.15x4.53x19.36x4.3% 881.06Cr
12.67x0.4x6.2x5.04% 802.77Cr
121.01x5.99x46.46x-.--% 737.79Cr
38.53x2.43x14.17x0.4% 702.5Cr
Average 35.74x 2.63x 16.75x 2.36% 2.54TCr
Weighted average by Cap. 36.16x 2.58x 17.14x 2.48%

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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