Financials Starbucks Corporation

Equities

SBUX

US8552441094

Restaurants & Bars

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102.46 ^USD	+0.94%		-0.04%	+6.72%

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Projected Income Statement: Starbucks Corporation

income-statement-evolution-chart STARBUCKS-CORPORATION

Fiscal Period: Settembre	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	23,518	29,061	32,250	35,976	36,176	37,298	40,135	43,412
Change	-	23.57%	10.98%	11.55%	0.56%	3.1%	7.61%	8.16%
EBITDA ¹	3,351	6,501	6,136	7,164	6,921	6,771	7,947	8,860
Change	-	94.01%	-5.62%	16.76%	-3.39%	-2.17%	17.37%	11.49%
EBIT ¹	2,133	5,262	4,855	5,801	5,409	5,169	6,161	6,995
Change	-	146.67%	-7.73%	19.49%	-6.77%	-4.43%	19.18%	13.53%
Interest Paid ¹	-437	-469.8	-482.9	-550.1	-562	-568.2	-585.2	-599
Earnings before Tax (EBT) ¹	1,164	5,357	4,232	5,402	4,970	4,674	5,798	6,634
Change	-	360.06%	-21%	27.65%	-8%	-5.95%	24.05%	14.42%
Net income ¹	928.3	4,199	3,282	4,124	3,761	3,506	4,373	4,979
Change	-	352.36%	-21.85%	25.69%	-8.82%	-6.77%	24.74%	13.85%
Announcement Date	10/29/20	10/28/21	11/3/22	11/2/23	10/30/24	-	-	-

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	9,333	8,817	9,547	9,564	9,969	9,426	10,250	10,269
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%	2.85%	-5.53%	8.29%	0.18%	4.23%	-5.45%	8.75%	0.19%
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	1,540	1,384	1,973	1,884	1,847	1,668	2,192	2,124
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%	-9.5%	-10.13%	42.55%	-4.55%	-1.93%	-9.69%	31.37%	-3.08%
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	1,141	988.9	1,538	1,460	1,421	1,244	1,736	1,668
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%	-12.67%	-13.36%	55.5%	-5.04%	-2.7%	-12.43%	39.52%	-3.9%
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	-140.5	-142.2	-142.7	-142.6	-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	772.5	662.6	1,038	1,003	1,010	853.5	1,240	1,211
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%	-15.04%	-14.23%	56.65%	-3.38%	0.73%	-15.51%	45.23%	-2.26%
Announcement Date	1/28/20	4/28/20	7/28/20	10/29/20	1/26/21	4/27/21	7/27/21	10/28/21	2/1/22	5/3/22	8/2/22	11/3/22	2/2/23	5/2/23	8/1/23	11/2/23	1/30/24	4/30/24	7/30/24	10/30/24	-	-	-	-	-	-	-	-

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	13,039	13,807	16,275
Change	-	-31.73%	52.86%	-3.09%	3.66%	6.16%	5.89%	17.87%
Announcement Date	10/29/20	10/28/21	11/3/22	11/2/23	10/30/24	-	-	-

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	2,735	3,039	3,368
Change	-	-0.92%	25.26%	26.74%	19.02%	-1.53%	11.13%	10.81%
Free Cash Flow (FCF) ¹	114.2	4,519	3,211	3,675	3,318	3,718	4,293	4,828
Change	-	3,857.18%	-28.95%	14.46%	-9.71%	12.04%	15.48%	12.45%
Announcement Date	10/29/20	10/28/21	11/3/22	11/2/23	10/30/24	-	-	-

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%	18.15%	19.8%	20.41%
EBIT Margin (%)	9.07%	18.11%	15.05%	16.13%	14.95%	13.86%	15.35%	16.11%
EBT Margin (%)	4.95%	18.43%	13.12%	15.02%	13.74%	12.53%	14.45%	15.28%
Net margin (%)	3.95%	14.45%	10.18%	11.46%	10.4%	9.4%	10.9%	11.47%
FCF margin (%)	0.49%	15.55%	9.96%	10.22%	9.17%	9.97%	10.7%	11.12%
FCF / Net Income (%)	12.3%	107.62%	97.84%	89.1%	88.23%	106.03%	98.16%	96.96%
Profitability
ROA	3.82%	13.82%	11.55%	14.19%	12.37%	15.53%	12.58%	13.08%
ROE	-	-	-	-	-	-	-	-
Financial Health
Leverage (Debt/EBITDA)	3.5x	1.23x	1.99x	1.65x	1.77x	1.93x	1.74x	1.84x
Debt / Free cash flow	102.59x	1.77x	3.81x	3.22x	3.7x	3.51x	3.22x	3.37x
Capital Intensity
CAPEX / Current Assets (%)	6.31%	5.06%	5.71%	6.49%	7.68%	7.33%	7.57%	7.76%
CAPEX / EBITDA (%)	44.27%	22.61%	30.01%	32.57%	40.13%	40.39%	38.25%	38.01%
CAPEX / FCF (%)	1,299.12%	32.53%	57.35%	63.5%	83.71%	73.57%	70.8%	69.76%
Items per share
Cash flow per share ¹	1.352	5.052	3.797	5.219	5.378	4.035	5.422	6.239
Change	-	273.67%	-24.84%	37.44%	3.04%	-24.98%	34.39%	15.06%
Dividend per Share ¹	1.23	2.29	2	2.16	2.32	2.475	2.589	2.823
Change	-	86.18%	-12.66%	8%	7.41%	6.67%	4.61%	9.04%
Book Value Per Share ¹	-6.652	-4.51	-7.58	-6.997	-6.572	-6.545	-6.58	-6.99
Change	-	-32.21%	68.09%	-7.69%	-6.08%	-0.41%	0.54%	6.23%
EPS ¹	0.79	3.54	2.83	3.58	3.31	3.104	3.916	4.548
Change	-	348.1%	-20.06%	26.5%	-7.54%	-6.22%	26.15%	16.15%
Nbr of stocks (in thousands)	1,168,900	1,179,100	1,147,400	1,145,400	1,133,200	1,133,800	1,133,800	1,133,800
Announcement Date	10/29/20	10/28/21	11/3/22	11/2/23	10/30/24	-	-	-