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 94,789 108,771 - -
Change - -24.12% 4.38% 5.76% -14.08% 14.75% - -
Enterprise Value (EV) 1 139,715 112,176 116,171 122,611 107,644 129,313 128,904 128,144
Change - -19.71% 3.56% 5.54% -12.21% 20.13% -0.32% -0.59%
P/E 31.6x 30.8x 25.4x 29.4x 51.2x 41.7x 30.6x 25.6x
PBR -24.8x -11.5x -13x -14.8x -11.7x -14.5x -14.9x -16.8x
PEG - -1.5x 1x -3.9x -1x 1x 0.8x 1.3x
Capitalization / Revenue 4.53x 3.1x 2.9x 3.05x 2.55x 2.86x 2.82x 2.68x
EV / Revenue 4.81x 3.48x 3.23x 3.39x 2.89x 3.4x 3.34x 3.16x
EV / EBITDA 21.5x 18.3x 16.2x 17.7x 20x 22.1x 19.4x 17.2x
EV / EBIT 26.6x 23.1x 20x 22.7x 29.2x 30.1x 25.4x 21.6x
EV / FCF 30.9x 43.9x 31.6x 37x 44.1x 39.7x 32.9x 31.2x
FCF Yield 3.23% 2.28% 3.16% 2.71% 2.27% 2.52% 3.04% 3.2%
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% 2.64% 2.74% 2.84%
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 37,987 38,585 40,557
EBITDA 1 6,501 6,136 7,164 6,921 5,376 5,839 6,635 7,459
EBIT 1 5,262 4,855 5,801 5,409 3,692 4,299 5,082 5,924
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 20,541 20,133 19,373
Reference price 2 111.71 87.11 91.08 97.36 83.39 95.43 95.43 95.43
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 28/10/21 3/11/22 2/11/23 30/10/24 29/10/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.29x7.28x13.16x3.2% 166B
41.74x3.4x22.15x2.64% 109B
22.28x1.14x11.17x2.5% 50.07B
28.29x3.5x19.81x-.--% 40.34B
15.7x5.44x16.26x2.19% 37.59B
15.96x3.76x11.7x3.61% 24.93B
17.37x1.79x10.8x3.32% 22.15B
30.13x0.94x12.23x0.87% 14.35B
13.81x0.99x6.46x2.91% 13.89B
Average 22.62x 3.14x 13.75x 2.36% 53.07B
Weighted average by Cap. 24.75x 4.48x 15.40x 2.6%

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
  4. SRB Stock
  5. Valuation Starbucks Corporation