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Diageo
(LSE:DGE)
Diageo (DGE) vs. iShares MSCI United Kingdom ETF (EWC)
Diageo Business Overview & Revenue Model
Diageo Earnings Call Summary
Diageo Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.33B | 20.25B | 20.27B | 20.55B | 15.45B | 12.73B |
| Gross Profit | 12.22B | 12.17B | 12.20B | 12.27B | 9.48B | 7.70B |
| EBITDA | 4.93B | 6.36B | 7.24B | 8.06B | 4.93B | 4.28B |
| Net Income | 2.36B | 2.35B | 3.87B | 4.45B | 3.94B | 2.66B |
Balance Sheet | ||||||
| Total Assets | 49.32B | 49.32B | 45.47B | 44.88B | 36.52B | 31.95B |
| Cash, Cash Equivalents and Short-Term Investments | 2.65B | 2.65B | 1.13B | 1.81B | 2.54B | 2.87B |
| Total Debt | 24.40B | 24.40B | 21.50B | 20.79B | 16.02B | 14.73B |
| Total Liabilities | 36.14B | 36.14B | 33.40B | 33.17B | 27.00B | 23.52B |
| Stockholders Equity | 11.09B | 11.09B | 10.03B | 9.86B | 7.80B | 6.90B |
Cash Flow | ||||||
| Free Cash Flow | 2.69B | 2.69B | 4.55B | 4.33B | 2.84B | 3.03B |
| Operating Cash Flow | 4.30B | 4.30B | 6.07B | 5.74B | 3.94B | 3.65B |
| Investing Cash Flow | -1.72B | -1.72B | -1.59B | -1.43B | -1.34B | -1.09B |
| Financing Cash Flow | -1.49B | -1.49B | -3.11B | -3.04B | -3.26B | -2.79B |
Diageo Technical Analysis
Diageo Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £14.31B | 18.69 | 28.56% | 1.96% | 6.00% | 42.42% | |
71 Outperform | £88.17B | 29.20 | 6.03% | 5.67% | -2.24% | ― | |
70 Outperform | £694.19M | 14.25 | 15.73% | 2.74% | 3.97% | 34.09% | |
68 Neutral | £36.24B | 19.90 | 22.29% | 5.00% | -2.83% | -40.42% | |
65 Neutral | £1.63B | 47.96 | 2.48% | 5.27% | 26.84% | -81.73% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
47 Neutral | £23.37M | -7.05 | ― | ― | 0.43% | 15.06% |
Diageo Corporate Events
Diageo plc has reported that as of 31 December 2025 its issued share capital comprised 2,432,425,480 ordinary shares, of which 205,999,299 were held in treasury without voting rights, resulting in a total of 2,226,426,181 voting rights. The updated voting rights figure provides the market and shareholders with the reference denominator required under UK disclosure and transparency rules to determine when they must report holdings or changes in their interests in the company, supporting regulatory compliance and transparency for investors.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £2700.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed that Executive Committee member Dayalan Nayager purchased 28,960 ordinary shares in the company at a price of £16.04 per share on 30 December 2025 via the London Stock Exchange, in a transaction reported under UK Market Abuse Regulation requirements. The director dealing, formally notified on 5 January 2026, signals insider confidence and provides additional transparency to investors and regulators regarding senior management’s equity interests in the group.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £2700.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed director and senior management share dealings under its One World Share Incentive Plan, highlighting ongoing use of equity-based compensation to align executives’ interests with shareholders. Executive Committee members Sally Grimes and John O’Keeffe acquired small numbers of partnership shares in Diageo via salary deductions, with each purchase matched by additional free shares under the plan, in transactions executed on 17 December on the New York and London stock exchanges and partly outside a trading venue.
The most recent analyst rating on (GB:DGE) stock is a Hold with a £1775.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed notifications regarding the issuance of ordinary shares to members of its Executive Committee through its Dividend Reinvestment Plan after the final dividend payout on December 4, 2025. By reinvesting dividends, the initiative reinforces the company’s emphasis on shareholder value while ensuring executive alignment with company performance. These transactions, conducted on the London Stock Exchange, further Diageo’s commitment to transparent financial practices.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £23.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo announced that members of its Executive Committee received American Depositary Shares under a Dividend Reinvestment Plan related to the final dividend paid on December 4, 2025. This notification highlights the distribution of shares to key personnel, aligning with regulatory requirements and demonstrating the company’s practices in rewarding and retaining leadership stakeholders.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £23.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has entered an agreement to sell its 65% shareholding in East African Breweries PLC (EABL) and Kenya-based UDVK spirits business to Asahi Group Holdings for an estimated $2.3 billion. This divestment aligns with Diageo’s strategy to strengthen its balance sheet and focus on core assets, while maintaining long-term licensing agreements with EABL for production and distribution of major Diageo brands. Introducing a major Japanese player, this move positions Asahi to expand its global footprint and brings fresh perspectives to the African beverage market, with implications for stakeholders, employees, and local consumers.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £2650.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo plc announced transactions related to its 2001 Share Incentive Plan, involving the purchase of partnership shares and the awarding of matching shares. These transactions, conducted by key executives, are part of the company’s efforts to align management interests with shareholder value, potentially impacting its market positioning and stakeholder relations.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £2650.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo announced that Sir John Manzoni, the Chair, has purchased 410 ordinary shares of the company at £16.00 each on the London Stock Exchange. This transaction, disclosed under the UK Market Abuse Regulation, highlights the ongoing involvement and confidence of the company’s leadership in its financial prospects.
The most recent analyst rating on (GB:DGE) stock is a Hold with a £1821.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo plc has announced that Melissa Bethell, a non-executive director of the company, has been appointed as a non-executive director of The Magnum Ice Cream Company N.V., which has recently become publicly listed on major stock exchanges. Bethell will take on significant roles at TMICC, including Chair of the Remuneration Committee and member of the Audit Committee, highlighting Diageo’s influence and connections within the corporate governance landscape.
The most recent analyst rating on (GB:DGE) stock is a Hold with a £1821.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has announced the Sterling equivalent of its final dividend at 47.91 pence per ordinary share, following shareholder approval. This conversion was based on the exchange rate achieved through forward contracts for Sterling currency, with the dividend payment scheduled for 4 December 2025. This announcement reflects Diageo’s financial strategies and currency management, potentially impacting shareholder returns and market perception.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £24.20 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo announced transactions related to its 2001 Share Incentive Plan, where partnership shares were purchased, and matching shares were awarded to key executives, including the Interim CEO and members of the Executive Committee. This move, compliant with the UK Market Abuse Regulation, reflects Diageo’s commitment to aligning management interests with shareholder value, potentially impacting its market positioning and stakeholder confidence.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £22.50 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo announced that Sir John Manzoni, the Chair of the company, purchased shares under an arrangement with the company. This transaction, conducted on the London Stock Exchange, reflects the company’s adherence to UK Market Abuse Regulation and may indicate confidence in the company’s future performance.
The most recent analyst rating on (GB:DGE) stock is a Hold with a £20.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has appointed Sir Dave Lewis as its new CEO, effective January 1, 2026. With a strong background in leading global consumer businesses, Lewis is expected to guide Diageo through market challenges and opportunities, enhancing shareholder value. His previous leadership roles at Tesco and Unilever, along with his current positions at Haleon and PepsiCo, underscore his capability to drive growth and strategic development for Diageo.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £22.50 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
At its Annual General Meeting on November 6, 2025, Diageo PLC successfully passed all resolutions outlined in the meeting notice. Key outcomes included the approval of the directors’ remuneration report, the declaration of a final dividend, and the re-appointment of several directors. The adoption of the Diageo 2025 Share Value Plan and the authority to purchase own ordinary shares were also approved, indicating a strategic focus on shareholder value and corporate governance. These decisions are likely to reinforce Diageo’s market position and influence stakeholder confidence.
The most recent analyst rating on (GB:DGE) stock is a Hold with a £22.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo reported flat organic net sales growth for the first quarter of fiscal 2026, with a 2.9% increase in volume offset by a negative price/mix impact of 2.8%. The company faced challenges in the Chinese white spirits market and a softer US consumer environment, which affected overall performance. Despite these challenges, Diageo is advancing its Accelerate programme aimed at creating a more agile operating model, with cost savings of approximately $625 million expected over the next three years. The company remains committed to delivering around $3 billion in free cash flow for fiscal 2026 and plans to return to its target leverage ratio by fiscal 2028. Diageo is focusing on driving efficiencies and adapting to changing consumer environments to enhance its market positioning.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £24.80 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo plc has announced its total voting rights and capital structure as of October 31, 2025. The company reported 2,432,425,480 issued Ordinary Shares, with 206,023,016 held in Treasury, resulting in 2,226,402,464 voting rights. This information is crucial for shareholders to determine their interest in the company under the FCA’s Disclosure Guidelines and Transparency Rules.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £2250.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo plc announced transactions related to its 2001 Share Incentive Plan, involving the purchase of partnership shares and the award of matching shares. This move, disclosed in compliance with the UK Market Abuse Regulation, involves several key executives and reflects Diageo’s commitment to aligning employee incentives with company performance, potentially impacting stakeholder confidence and market perception.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £24.50 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo plc announced that Sir John Manzoni, the Chair of the company, purchased 358 ordinary shares at £18.33 each on the London Stock Exchange. This transaction, disclosed in accordance with UK Market Abuse Regulation, highlights the confidence of the company’s leadership in its market position and future prospects.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £24.50 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.