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SBUX STARBUCKS CORP (NASDAQ STOCK EXCHANGE GLOBAL SELECT MARKET) Date: 8 May 2020 Sector: Cyclical Consumer Goods & Services Industry: Restaurants & Bars

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SBUX STARBUCKS CORP (NASDAQ STOCK EXCHANGE GLOBAL SELECT MARKET) Date: 8 May 2020 Sector: Cyclical Consumer Goods & Services Industry: Restaurants & Bars SBUX STARBUCKS CORP (NASDAQ STOCK EXCHANGE GLOBAL SELECT MARKET) Date: 8 May 2020 Sector: Cyclical Consumer Goods & Services Industry: Restaurants & Bars Business Summary Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Amer- icas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development. The Company's Americas, Starbucks Corp CAP, and EMEA segments include both company-operated and licensed stores. Its Channel Devel- 2401 Utah Ave S opment segment includes roasted whole bean and ground coffees, Tazo teas, Starbucks- and Tazo- SEATTLE branded single-serve products, a range of ready-to-drink beverages, such as Frappuccino, Starbucks WA 98134-1436 Doubleshot and Starbucks Refreshers beverages and other branded products sold across the world United States through channels, such as grocery stores, warehouse clubs, specialty retailers, convenience stores () and the United States foodservice accounts. Share Performance https://www.starbucks.com/ Price ($): 76.00 52 Week High: 99.72 Currency: USD Volume (millions): 13.3 52 Week Low: 50.02 P/E: 27.04 Employees: 346,000 (Millions) Market Cap: 88,790.80 Shares Outstanding: 1,168.30 Float: 1,165.57 Sales 27900 26500 25100 23800 22400 21000 Oct 17 Sep 18 Sep 19 ($ Millions) In com e 5100 4500 Financial Summary 4000 3400 BRIEF: For the 26 weeks ended 29 March 2020, Starbucks Corporation revenues increased 1% 2900 to $13.09B. Net income decreased 15% to $1.21B. Revenues reflect Americas segment increase 2300 from $4.31B to $9.34B, Channel Development segment increase of 7% to $1.01B, Retail Sales - Oct 17 Sep 18 Sep 19 America Company-operated s increase from $4.09B to $8.33B. Dividend per share increased from ($ Millions) $0.72 to $0.82. Earnings per Share Valuation Ratios Per Share Data 2.82 Price/Earnings (TTM) 27.04 Earnings (TTM) 2.81 2.62 Price/Sales (TTM) 3.33 Sales (TTM) 22.22 2.42 Price/Book (MRQ) -- Book Value (MRQ) (6.45) 2.22 Price/Cashflow (TTM) 18.28 Cash Flow (TTM) 4.05 2.02 Cash (MRQ) 2.33 1.82 Oct 17 Sep 18 Sep 19 Profitability Ratios (%) Management Effectiveness (%) ($) Gross Margin (TTM) 26.89 Return on Equity (TTM) -- Dividends per Share Operating Margin (TTM) 16.93 Return on Assets (TTM) 15.01 1.59 Net Profit Margin (TTM) 12.70 Return on Investment (TTM) 21.44 1.44 1.29 Financial Strength Dividend Information 1.15 Quick Ratio (MRQ) 0.52 Dividend Yield (%) 2.16 1.0 Current Ratio (MRQ) 0.70 Dividend per Share (MRQ) 0.41 0.85 LT Debt/Equity (MRQ) 0.00 Payout Ratio (MRQ) 145.37 Oct 17 Sep 18 Sep 19 (MRQ) Total Debt/Equity 0.00 ($) TTM: Trailing Twelve Months; MRQ: Most Recent Quarter; MRI: Most Recent Interim. Latest fiscal year: 2019; Most recent quarter: 2; Fiscal year end month: September; 1 All Ratios are calculated for the latest fiscal year end unless otherwise indicated. Data Source: Reuters Fundamentals SBUX STARBUCKS CORP (NASDAQ STOCK EXCHANGE GLOBAL SELECT MARKET) Key Ratios & Statistics Financial Strength 12 Mo 12 Mo 12 Mo MRQ 3 Year Financial Strength looks at business risk. The Oct 17 Sep 18 Sep 19 Average stronger a company is from a financial standpoint, Quick Ratio 0.84 1.69 0.59 0.52 1.04 the less risky it is. The Quick Ratio compares cash Current Ratio 1.25 2.20 0.92 0.70 1.46 and short-term investments (investments that could be converted to cash very quickly) to the financial LT Debt/Equity 0.72 7.77 (1.79) 0.00 2.23 liabilities they expect to incur within a year's time. Total Debt Equity 0.72 8.07 (1.79) 0.00 2.33 Current Ratio The Current Ratio compares year-ahead liabilities 2.7 to cash on hand now plus other inflows (e.g. Ac- 2.2 counts Receivable) the company is likely to realize 1.7 over that same twelve-month period. 1.2 Current Ratio 0.92 0.7 Total Current Assets 5,653.90 0.2 Total Current Liabilities 6,168.70 12 Mo 12 Mo 12 Mo MRQ 3 Year Oct 17 Sep 18 Sep 19 Av erage The Long Term Debt/Equity Ratio looks at the Quick Ratio: Cash plus Short Term Investments plus Accounts Receivable divided by the Total Cur- company's capital base. A ratio of 1.00 means the rent Liabilities for the same period. Current Ratio: Total Current Assets divided by Total Current company's long-term debt and equity are equal. The Liabilities for the same period. Long Term Debt To Total Equity: Total Long Term Debt divided Total Debt/Equity Ratio includes long-term debt by Total Shareholder Equity. Total Debt to Total Equity: Total Debt divided by Total Shareholder Equity for the same period. and short term debt. Profitability 12 Mo 12 Mo 12 Mo TTM 3 Year Oct 17 Sep 18 Sep 19 Average These ratios realize overall profitability, or the bot- tom line. Gross Margin (%) 59.63 58.84 67.83 26.89 62.10 Operating Margin (%) 18.47 23.30 17.73 16.93 19.83 Gross Margin (%) 67.83 (%) (%) 12.89 18.28 13.56 12.70 14.91 Gross Profit 17,981.70 Net Profit Margin x 100 x 100 Interest Coverage 44.70 33.82 14.20 -- 30.91 Revenue 26,508.60 Gross Margin (%) Gross Margin shows the amount of revenue left over 81 after deducting direct costs of producing the goods 68 or services. Operating Profit and Operating Margin 54 trace the progress revenue down to another impor- 41 tant level. From gross profit, we now subtract indi- rect costs, often referred to as overhead e.g. facili- 27 ties and salaries associated with headquarters op- 13 12 Mo 12 Mo 12 Mo TTM 3 Year erations. Oct 17 Sep 18 Sep 19 Av erage Gross Margin: This value measures the percent of revenue left after paying all direct production ex- Finally, Profit Margin shows you how much of each penses. It is calculated as Revenue minus the Cost of Goods Sold divided by the Revenue and multiplied revenue dollar is left after all costs, of any kind, are by 100. Operating Margin: This value measures the percent of revenues remaining after paying all subtracted. These other costs include such items as operating expenses. It is calculated as Operating Income divided by the Total Revenue, multiplied by interest on corporate debt and income taxes. 100. Net Profit Margin: Also known as Return on Sales, this value is the Income After Taxes divided by Total Revenue for the same period and is expressed as a percentage. Interest Coverage: The Operating Income divided by the company's interest obligations. TTM: Trailing Twelve Months; MRQ: Most Recent Quarter; MRI: Most Recent Interim. Latest fiscal year: 2019; Most recent quarter: 2; Fiscal year end month: September; All Ratios are calculated for the latest fiscal year end unless otherwise indicated. Data Source: Reuters Fundamentals 2 SBUX STARBUCKS CORP (NASDAQ STOCK EXCHANGE GLOBAL SELECT MARKET) Key Ratios & Statistics (cont.) Management Effectiveness (%) 12 Mo 12 Mo 12 Mo TTM 3 Year A company's ability to operate profitably can be Oct 17 Sep 18 Sep 19 Average measured directly by measuring its return on assets. Return on Equity % 50.90 136.51 (142.18) -- 15.08 ROA (Return On Assets) is the ratio of a company's Return on Assets % 20.11 23.46 16.57 15.01 20.05 net profit to its total assets, expressed as a percent- age. Return on Investments % 28.95 31.58 22.81 21.44 27.78 Return on Assets (%) 16.57 (%) Return on Assets % Income After Taxes 3,594.60 26.3 x 100 x 100 Average Total Assets 21,688.00 23.5 20.6 ROA measures how well a company's management 17.8 uses its assets to generate profits. It is a better mea- 15.0 sure of operating efficiency than ROE, which on- 12.2 ly measures how much profit is generated on the 12 Mo 12 Mo 12 Mo TTM 3 Year Oct 17 Sep 18 Sep 19 Av erage shareholders equity but ignores debt funding. This ratio is particularly relevant for banks which typi- Return On Equity: Income Available to Common Stockholders divided by the Common Equity and cally have huge assets. expressed as a percentage. Return on Assets: This value is the Income After Taxes divided by the Average Total Assets, expressed as a percentage. Return on Investments: Income after taxes divided by the average total long term debt, other long term liabilities and shareholders equity, and expressed as a percentage. Dividend Information 12 Mo 12 Mo 12 Mo MRQ 3 Year Oct 17 Sep 18 Sep 19 Average The annual dividend is the total amount($) of div- Payout Ratio (%) 50.66 38.89 49.34 145.37 46.30 idends you could expect to receive if you held the stock for a year (assuming no change in the Dividend Per Share 1.00 1.26 1.44 0.41 1.23 company's dividend policy). Payout Ratio (%) 181 Payout Ratio (%) 49.34 (%) Dividend Per Share 1.44 145 x 100 x 100 Primary EPS 2.92 110 74 The dividend yield is the indicated annual dividend 39 rate expressed as a percentage of the price of the 3 stock, and could be compared to the coupon yield on 12 Mo 12 Mo 12 Mo MRQ 3 Year Oct 17 Sep 18 Sep 19 Av erage a bond.
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