Diageo PLC ADR
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$392.00 | Jwnn | Znfpfcg |
Diageo Earnings: Solid Fundamentals Persist Despite Unfavorable Market Sentiment
Wide-moat Diageo finished its fiscal-year 2024 in June and delivered somewhat meager preliminary results for the whole year, largely in line with the company-compiled consensus. Despite overall volume weakening, Diageo managed to slightly extend or keep its global market share in over 75% of its presence based on net sales. Diageo showed sound productivity savings and significant free cash inflows, allowing for the proposed full-year dividend increase by 5%. Management remains positive about future consumer sentiment reversal and the return of organic net sales growth. We maintain our fair value estimates of GBX 3,100/USD 157 per share.