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Starbucks Corp. (SBUX)
Enterprise Value to FCFF (EV/FCFF)
Medium level of difficulty
Free Cash Flow to The Firm (FCFF)
Starbucks Corp., FCFF calculation
US$ in thousands
Based on: 10-K (filing date: 2019-11-15), 10-K (filing date: 2018-11-16), 10-K (filing date: 2017-11-17), 10-K (filing date: 2016-11-18), 10-K (filing date: 2015-11-12), 10-K (filing date: 2014-11-14).
| Item | Description | The company |
|---|---|---|
| FCFF | Free cash flow to the firm is the cash flow available to the Starbucks Corp.’s suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. | Starbucks Corp.’s FCFF increased from 2017 to 2018 but then slightly declined from 2018 to 2019 not reaching 2017 level. |
Interest Paid, Net of Tax
Starbucks Corp., interest paid, net of tax calculation
US$ in thousands
Based on: 10-K (filing date: 2019-11-15), 10-K (filing date: 2018-11-16), 10-K (filing date: 2017-11-17), 10-K (filing date: 2016-11-18), 10-K (filing date: 2015-11-12), 10-K (filing date: 2014-11-14).
2 2019 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
| Selected Financial Data (US$ in thousands) | |
| Enterprise value (EV) | |
| Free cash flow to the firm (FCFF) | |
| Valuation Ratio | |
| EV/FCFF | |
| Benchmarks | |
| EV/FCFF, Competitors1 | |
| Booking Holdings Inc. | |
| Delta Air Lines Inc. | |
| Marriott International Inc. | |
| McDonald’s Corp. | |
| EV/FCFF, Sector | |
| Travel & Leisure | |
| EV/FCFF, Industry | |
| Consumer Services | |
Based on: 10-K (filing date: 2019-11-15).
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
| Sep 29, 2019 | Sep 30, 2018 | Oct 1, 2017 | Oct 2, 2016 | Sep 27, 2015 | Sep 28, 2014 | ||
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| Booking Holdings Inc. | |
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| Delta Air Lines Inc. | |
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| Marriott International Inc. | |
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| McDonald’s Corp. | |
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| Travel & Leisure | |
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| EV/FCFF, Industry | |||||||
| Consumer Services | |
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Based on: 10-K (filing date: 2019-11-15), 10-K (filing date: 2018-11-16), 10-K (filing date: 2017-11-17), 10-K (filing date: 2016-11-18), 10-K (filing date: 2015-11-12), 10-K (filing date: 2014-11-14).
3 2019 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.’s EV/FCFF ratio declined from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level. |