Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

$24.99

Enterprise Value to FCFF (EV/FCFF)

Microsoft Excel

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Free Cash Flow to The Firm (FCFF)

Starbucks Corp., FCFF calculation

US$ in thousands

Microsoft Excel
12 months ended: Sep 29, 2024 Oct 1, 2023 Oct 2, 2022 Oct 3, 2021 Sep 27, 2020 Sep 29, 2019
Net earnings attributable to Starbucks
Net (earnings) loss attributable to noncontrolling interests
Net noncash charges
Cash provided by (used in) changes in operating assets and liabilities
Net cash provided by operating activities
Cash paid during the period for interest, net of capitalized interest, net of tax1
Additions to property, plant and equipment
Free cash flow to the firm (FCFF)

Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).

Item Description The company
FCFF Free cash flow to the firm is the cash flow available to the Starbucks Corp. suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. Starbucks Corp. FCFF increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

Interest Paid, Net of Tax

Starbucks Corp., interest paid, net of tax calculation

US$ in thousands

Microsoft Excel
12 months ended: Sep 29, 2024 Oct 1, 2023 Oct 2, 2022 Oct 3, 2021 Sep 27, 2020 Sep 29, 2019
Effective Income Tax Rate (EITR)
EITR1
Interest Paid, Net of Tax
Cash paid during the period for interest, net of capitalized interest, before tax
Less: Cash paid during the period for interest, net of capitalized interest, tax2
Cash paid during the period for interest, net of capitalized interest, net of tax

Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).

1 See details »

2 2024 Calculation
Cash paid during the period for interest, net of capitalized interest, tax = Cash paid during the period for interest, net of capitalized interest × EITR
= × =


Enterprise Value to FCFF Ratio, Current

Starbucks Corp., current EV/FCFF calculation, comparison to benchmarks

Microsoft Excel
Selected Financial Data (US$ in thousands)
Enterprise value (EV)
Free cash flow to the firm (FCFF)
Valuation Ratio
EV/FCFF
Benchmarks
EV/FCFF, Competitors1
Airbnb Inc.
Booking Holdings Inc.
Chipotle Mexican Grill Inc.
McDonald’s Corp.
EV/FCFF, Sector
Consumer Services
EV/FCFF, Industry
Consumer Discretionary

Based on: 10-K (reporting date: 2024-09-29).

1 Click competitor name to see calculations.

If the company EV/FCFF is lower then the EV/FCFF of benchmark then company is relatively undervalued.
Otherwise, if the company EV/FCFF is higher then the EV/FCFF of benchmark then company is relatively overvalued.


Enterprise Value to FCFF Ratio, Historical

Starbucks Corp., historical EV/FCFF calculation, comparison to benchmarks

Microsoft Excel
Sep 29, 2024 Oct 1, 2023 Oct 2, 2022 Oct 3, 2021 Sep 27, 2020 Sep 29, 2019
Selected Financial Data (US$ in thousands)
Enterprise value (EV)1
Free cash flow to the firm (FCFF)2
Valuation Ratio
EV/FCFF3
Benchmarks
EV/FCFF, Competitors4
Airbnb Inc.
Booking Holdings Inc.
Chipotle Mexican Grill Inc.
McDonald’s Corp.
EV/FCFF, Sector
Consumer Services
EV/FCFF, Industry
Consumer Discretionary

Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).

1 See details »

2 See details »

3 2024 Calculation
EV/FCFF = EV ÷ FCFF
= ÷ =

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/FCFF Enterprise value to free cash flow to the firm is whole company valuation indicator. Starbucks Corp. EV/FCFF ratio decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.