Starbucks Corporation (SBUX)
Valor JustoFundamental
65
Preço
$94.77
Capitalização de Mercado
$106.76B
Parte 1 · Quanto vale a empresa
Visão Geral
Starbucks operates and licenses coffeehouses that sell brewed coffee, espresso drinks, tea, food and branded merchandise, mostly for consumption on the spot or on the go. Company-operated stores generate the bulk of revenue directly; a separate network of licensed stores, run by other operators under the Starbucks name, pays royalties and fees instead. A third, smaller business sells Starbucks-branded coffee and ready-to-drink beverages through grocery stores under long-term arrangements with other companies.
Como gera receita
Most revenue is the retail price customers pay in company-operated stores for drinks and food, net of the cost of coffee, milk, labor and rent that goes into each cup. Licensed stores instead generate a smaller royalty and product-supply fee per transaction, since the licensee — not Starbucks — collects the retail price and pays store-level costs. The grocery channel earns a share of sales made under the Starbucks brand by manufacturing partners.
Receita por segmento
Company-operated and licensed stores across the United States and Canada, still Starbucks' core and largest business by far.
Company-operated and licensed stores outside North America, including China, historically Starbucks' fastest-growing region though recently under pressure.
Royalties and product sales from Starbucks-branded coffee and ready-to-drink beverages sold through grocery stores by manufacturing partners.
Vantagem competitiva
Marca · AmplaThe Starbucks name lets the company charge a premium for coffee that costs little to make, built on decades of consistent store experience and marketing. That brand recognition supports both the roughly 40,000-store retail network and the licensing fees collected from grocery products bearing the Starbucks name.
O que impulsiona a procura
Moderadamente cíclicoA daily coffee habit makes demand fairly resilient, but the price of a specialty drink is still discretionary spending that shrinks when household budgets tighten, and comparable-store sales have recently declined in Starbucks' largest market. Demand also depends on execution in China, a market undergoing its own economic slowdown.
Principais riscos
- Labor relations and unionization — Starbucks faces ongoing unionization efforts and labor disputes among its store employees, including strikes over pay, staffing and working conditions, which can disrupt operations and raise labor costs.
- Declining US comparable sales — Comparable store sales in the United States, Starbucks' largest market, have recently declined, reflecting weaker customer traffic that management is trying to reverse through a turnaround plan.
- China execution and joint venture — Starbucks is restructuring its China business through a joint venture with an outside investor, a market facing its own economic slowdown and intense local competition on price.
- Commodity cost volatility — The price of coffee beans, dairy and other ingredients is volatile and outside Starbucks' control, and the company may not always be able to pass higher costs on to customers through price increases.
Os argumentos a favor
Buyers argue that the Starbucks brand still commands loyalty and pricing power strong enough to fund a turnaround of its underperforming US stores, while the China joint venture reduces capital risk in a market that still offers long-term growth.
Os argumentos contra
Sellers worry that declining US comparable sales reflect a weakening brand rather than a temporary stumble, that labor disputes raise costs at a time management is trying to cut them, and that competition and a slowing economy in China limit the international growth story investors have relied on.
Written by the editors, published on 18 de agosto de 2026
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
Balanço & Liquidez
Receita
$38.34B
Últimos 12 meses (até 28/06/2026)
Resultado Líquido
$1.98B
Últimos 12 meses (até 28/06/2026)
Fluxo de Caixa Livre
$2.44B
Capital Próprio Total
$-8.10B
Passivo Total
$40.11B
Rácio de Liquidez
0.76
Cobertura de Juros
5.35
Dívida/EBITDA
4.77
Resultados Por Ação
Receita & Resultado Líquido
Fluxo de Caixa Livre
Decomposição dos Resultados
Demonstração histórica
Margens ao longo do tempo
A dívida ao longo do tempo
Quanto pesa a dívida
Grelha do crescimento
Crescimento — Receitas
Estimativa de Valor Justo
Valor Justo
$117.25
Preço Atual
$94.77
Margem de Segurança
+19.2%
Intervalo de Valor Justo
$76.21 - $158.29
Dispersão entre os métodos de avaliação utilizados, não um intervalo de confiança calibrado estatisticamente.
Métodos de Estimativa
Métricas de Avaliação
Rácio P/E
54.84
ROE
-22.9%
Rácio P/B
-
P/FCF
29.70
Margem Bruta
-
ROIC
12.8%
Radar de Rentabilidade
Criação de Valor (Vantagem Competitiva)
ROIC
12.8%
WACC
8.7%
ROIC − WACC
+4.1 pp
O ROIC supera o custo do capital — a empresa está a criar valor para os acionistas.
Critérios de Análise Fundamental
Aprovado (17)
- EPS shows upward trend
- Price CAGR 5.42%
- ROIC 12.8%
- P/FCF 29.70
- Operating Margin 7.8%
- Positive Free Cash Flow
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- ROE 115.7%
- Revenue Growth 5Y 9.6%
- Earnings Surprise avg 6.1%
- Earnings Quality (OCF/NI) 2.51
- Share Dilution 0.2%
- Piotroski F-Score 5/9
Reprovado (6)
- EPS CAGR 3.55%
- CapEx intensity
- DCF valuation (Overvalued)
- Analyst Consensus 48% Buy
- PEG Ratio 3.40
- Net Margin Trend 5.2% vs 7.2%
Indisponível (5)
- Gross Margin NaN%
- P/B Ratio NaN
- Dividend Payout NaN%
- Debt/Equity ratio
- Price below Graham Number
Piotroski F-Score
Sinais mistos: algumas áreas requerem atenção
Qualidade dos Resultados
Alta qualidade: resultados respaldados por caixa
Diluição de Ações
Número de ações estável
Participações institucionais
Governação
Equipa Executiva
| Nome | Cargo | Idade |
|---|---|---|
| Mr. Brian R. Niccol | Chairman & CEO | 51 |
| Ms. Catherine R. Smith CPA | Executive VP & CFO | 61 |
| Mr. Mike Grams | EVP & COO | 54 |
| Mr. Bao Giang Val Bauduin | Principal Accounting Officer and Senior VP of Corporate Finance & Development | 49 |
| Mr. Brady Brewer | Chief Executive Officer of Starbucks International | 52 |
| Ms. Sara Kelly | Executive VP & Chief Partner Officer | 45 |
| Mr. Anand Varadarajan | EVP & CTO | - |
| Ms. Pilar Ramos | Executive VP & Chief Legal Officer | 52 |
| Mr. Andy Adams | Senior Vice President of Global Growth & Concepts | - |
| Ms. Janet Landers | Senior Vice President of Business Technology | - |
Risco de Auditoria
8
Risco do Conselho
5
Risco de Remuneração
9
Risco dos Direitos dos Acionistas
2
Parte 2 · O preço e o momento de entrar
Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.
Documentos
- Ver documento
Relatório anual (10-K)
Uma visão anual do negócio, dos resultados financeiros e dos riscos da empresa.
Arquivado em 2025-11-14
- Ver documento
Relatório trimestral (10-Q)
Uma atualização sobre o desempenho financeiro dos últimos três meses.
Arquivado em 2026-07-29
- Ver documento
Relatório de fato relevante (8-K)
Um aviso sobre um fato relevante, como uma mudança na liderança ou um grande anúncio.
Arquivado em 2026-09-24
via SEC EDGAR
Histórico de Resultados
via SEC EDGAR
Latest News
Recent headlines for SBUX, sourced from Markets Gazette.
- 8d agoNEGATIVEStarbucks prevede di chiudere l'1% dei punti vendita in Nord America
Starbucks Corporation announced plans to close approximately 1% of its North American stores, marking the final phase of its restructuring and relaunch initiative. This move, initiated under CEO Brian's leadership, is part of a broader strategy to optimize store performance and adapt to evolving consumer behaviors. While store closures can indicate challenges, investors will watch for signs that this rationalization will lead to improved profitability and a more focused operational footprint, potentially enhancing long-term shareholder value despite short-term disruption.
- 8/20/2026NEGATIVEStarbucks taglia oltre 100 posti di lavoro e completa la ristrutturazione
Starbucks has eliminated 104 positions as part of a restructuring plan aimed at supporting growth. The layoffs reportedly affected employees who refused a transfer. This move signals a significant internal reorganization and cost-cutting effort by the coffee giant. Investors may view these layoffs as a sign of underlying business challenges or a strategic pivot to improve efficiency and profitability, potentially impacting short-term morale but aiming for long-term financial health.
- 8/18/2026NEUTRALNasdaq-100® Inside the Index: Starbucks (SBUX)
Starbucks Corporation (SBUX), a prominent component of the Nasdaq-100 Index, is undergoing a strategic turnaround. The company-operated store model is reportedly contributing to renewed sales and profit growth. This analysis focuses on the company's internal efforts to revitalize performance, suggesting a potential positive trajectory for the coffeehouse giant. Investors will monitor the effectiveness of these turnaround initiatives in translating into sustained financial gains and market share expansion.
- 6/19/2026NEGATIVEStarbucks Cuts UK, Hong Kong Office Jobs in Restructuring Effort
Starbucks has initiated layoffs affecting corporate employees in its London and Hong Kong offices as part of a broader restructuring strategy. This move signals a shift towards granting more operational control to third-party licensees for its international store management outside of North America. While the direct impact on store-level operations is not immediately clear, such corporate workforce reductions can be interpreted as a cost-saving measure or a response to evolving business strategies, potentially raising concerns among investors about the company's near-term operational stability and international growth trajectory.
- 5/15/2026NEUTRALStarbucks Stock Holds Steady As Investors Digest Extensive Corporate Restructuring Plan
Starbucks Corporation's stock is trading flat as investors analyze a recently filed Form 8-K detailing a significant corporate restructuring plan. While the specifics of the restructuring are still being absorbed by the market, the lack of immediate price movement suggests a neutral short-term reaction. Investors are likely weighing the potential long-term benefits of the restructuring against any immediate costs or uncertainties. Further analysis of the plan's details will be crucial for determining the future impact on the company's performance and stock valuation.
- 4/29/2026POSITIVEStarbucks is winning customers back after investing $500 million in workers and stores
Starbucks is reportedly regaining customer loyalty following a substantial $500 million investment in its workforce and store infrastructure. The company's strategy focused on increasing barista staffing, optimizing work schedules, and enhancing employee benefits appears to be yielding positive results. This initiative aims to improve customer experience and operational efficiency, potentially leading to increased sales and market share. Investors may view this as a strategic move that strengthens Starbucks' competitive position and long-term growth prospects.
- 4/29/2026NEUTRALStarbucks CEO on Earnings, Sales Growth, Speedy Service
Starbucks CEO Brian Niccol discussed the company's recent earnings report, focusing on enhancements to the mobile order experience and the introduction of new menu items. The conversation also touched upon efforts to improve drink consistency. While these initiatives aim to boost customer satisfaction and potentially sales, the news itself is an overview of ongoing strategies rather than a definitive performance indicator. Investors will await concrete sales figures and profit margins to assess the impact of these operational improvements.
- 4/28/2026POSITIVEStarbucks is seeing a resurgence, thanks to younger and lower-income customers
Starbucks Corporation has announced a significant hike in its outlook, driven by a resurgence in sales that have surpassed Wall Street expectations. The coffee giant is experiencing increased patronage from younger demographics and lower-income customers, a trend that has boosted same-store sales. This strategic shift in customer base is expected to translate into higher revenue and profitability. For investors, this indicates a successful adaptation to evolving consumer preferences and a potential for sustained growth, possibly leading to upward revisions in earnings forecasts and stock price targets.
via Markets Gazette