PDRDF - Diageo's Valuation Reflects A Perfect Recovery But There Is A Lot Of Uncertainty
- Diageo has an excellent portfolio with some of the best selling spirit brands in the world.
- The 2020 business was significantly impacted by the pandemic. All key measures show a serious performance decrease.
- Quick decisions for cost reduction, cash conservation and increased liquidity were made.
- Diageo's valuation compared to its peers seems to be attractive when looking at operating margin and P/E adjusted.
- A dynamic fair value calculation unveiled an overvaluation of the stock after the vaccine price boost in November.
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Diageo's Valuation Reflects A Perfect Recovery, But There Is A Lot Of Uncertainty