| Intrinsic Valuation of: SBUX | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 3 | Market Cap | $108B | |||||
| 2021 | - | - (-) | P/E Ratio | 33 | Total Asset | $31B | |||||
| 2022 | $5B | - (-) | Net Income | $4B | Total Debt | $14B | |||||
| 2023 | $3B | -43.4% (-49.0%) | EBITDA | $7B | Total Liab | $39B | |||||
| 2024 | $4B | 43.8% (28.9%) | Opr Margin | 0.14 | Debt/Equity | -1.92 | |||||
| 2025 | $3B | -9.7% (-10.2%) | PreTax Margin | 12.57 | BV/Share | -10 | |||||
| 5Y Average FCF | $4B | -3.1% (-10.1%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.5% | Historical US Bond Yield: | 4.4% | ||||||||
| Discount Rate (WACC): | 7.4% | Current US Bond Yield: | 3.5% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (4.0%) | ||||||||||
| 2026 | $3B | MBG Intrinsic Value | $25 | ||||||||
| 2027 | $4B | ||||||||||
| 2028 | $4B | ||||||||||
| 2029 | $4B | ||||||||||
| 2030 | $4B | ||||||||||
| 2031 | $4B | ||||||||||
| Terminal Value | $87B | Net Worth/Share | $-7 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $75B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $3B | $56 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $14B | WACC | 7.3% | 48 | 52 | 57 | 63 | 71 | |||
| Equity Value | $64B | 7.4% | 48 | 52 | 57 | 63 | 70 | ||||
| Shares Outstanding | 1,136,400,000 | 7.4% | 47 | 51 | 56 | 62 | 69 | ||||
| 7.9% | 43 | 46 | 50 | 55 | 60 | ||||||
| DCF Intrinsic Value | $56 | 8.4% | 39 | 42 | 45 | 49 | 53 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||