Added to YB: 2024-08-05
Pitch date: 2024-08-05
DEO [bullish]
Diageo plc
Author Info
No bio for this author
Company Info
Diageo plc, together with its subsidiaries, engages in the production, marketing, and distribution of alcoholic beverages in North America, Europe, the Asia Pacific, Latin America and Caribbean, and Africa.
Market Cap
GBP 53.1B
Pitch Price
N/A
Price Target
N/A
Dividend
2.09%
EV/EBITDA
10.64
P/E
30.68
EV/Sales
3.87
Sector
Beverages
Category
value
Why The Market Is Dropping & Why Diageo Is A Strong Buy
DEO (new position): Initiating long. World's top spirits maker at 15-yr low valuation, down 44% over 3yrs vs flat earnings. Q net sales -0.6% (+2% ex-LatAm), 5% dividend hike, FCF up. Weakness is LatAm destocking (-23%) & financing costs (rising rates), not GLP-1/cannabis narrative. Falling rates = tailwind; recession-proof safe-haven blue-chip.
Read full article (12 min)