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 94,789 122,050 - -
Change - -24.12% 4.38% 5.76% -14.08% 28.76% - -
Enterprise Value (EV) 1 139,715 112,176 116,171 122,611 107,644 140,918 139,245 139,634
Change - -19.71% 3.56% 5.54% -12.21% 30.91% -1.19% 0.28%
P/E 31.6x 30.8x 25.4x 29.4x 51.2x 46.8x 34.4x 28.8x
PBR -24.8x -11.5x -13x -14.8x -11.7x -16.2x -16.7x -18.9x
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 3.21x 3.16x 3x
EV / Revenue 4.81x 3.48x 3.23x 3.39x 2.89x 3.71x 3.6x 3.44x
EV / EBITDA 21.5x 18.3x 16.2x 17.7x 20x 24.2x 21x 18.6x
EV / EBIT 26.6x 23.1x 20x 22.7x 29.2x 32.8x 27.4x 23.5x
EV / FCF 30.9x 43.9x 31.6x 37x 44.1x 43.7x 35.5x 34x
FCF Yield 3.23% 2.28% 3.16% 2.71% 2.27% 2.29% 2.82% 2.94%
Dividend per Share 2 2.29 2 2.16 2.32 2.45 2.516 2.61 2.69
Rate of return 2.05% 2.3% 2.37% 2.38% 2.94% 2.35% 2.44% 2.51%
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% 72.3%
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 2,666 3,536 4,189
Net Debt 1 7,998 12,226 11,848 12,282 12,855 18,868 17,195 17,584
Reference price 2 111.71 87.11 91.08 97.36 83.39 107.08 107.08 107.08
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 A 11/3/22 A 11/2/23 A 10/30/24 A 10/29/25 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
46.84x3.71x24.15x2.35% 122B
23.37x1.19x11.66x2.39% 52.59B
19.68x1.99x12.01x2.93% 25.16B
11.99x1.71x7.68x0.86% 11.26B
33.43x1.38x11.8x0.73% 11.3B
31.85x0.48x8.97x2.94% 9.58B
134.86x5.51x43.47x-.--% 8.6B
12.24x1.06x6.09x7.09% 8.16B
38.57x2.74x15.12x0.37% 7.93B
15.71x2.87x11.49x2.95% 7.57B
Average 36.85x 2.26x 15.24x 2.26% 26.42B
Weighted average by Cap. 37.63x 2.66x 18.16x 2.33%

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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