<ul>
<li>你是否曾想过帝亚吉欧当前的股价是机会还是警告？让我们来分析一下这只股票现在可能真正的价值。</li>
<li>帝亚吉欧的股价在过去一周上涨了 8.2%，过去一个月上涨了 2.7%。尽管最近有这样的势头，但该股票在过去一年仍然下跌了 19.9%，年初至今下跌了 28.6%。</li>
<li>这一变化发生在行业重大新闻之后，包括领导层变动和对新兴市场的重新关注。投资者情绪也对更广泛的行业波动作出了反应，这有助于解释股价的剧烈波动。</li>
<li>在我们的估值检查中，帝亚吉欧在六个指标中得分 4 分，显示出该公司在几个关键指标上被低估。接下来，我们将看看哪些估值方法最重要，以及为什么在本文结束时可能会有更好的方式来了解真实情况。</li>
</ul>
<p>了解为什么帝亚吉欧过去一年-19.9% 的回报落后于同行。</p>
<h3>方法一：帝亚吉欧折现现金流（DCF）分析</h3>
<p>折现现金流（DCF）模型通过预测公司的未来现金流并将其折现回今天的美元来估算公司的内在价值。这清楚地表明了帝亚吉欧在未来几年可能的价值。</p>
<p>目前，帝亚吉欧过去十二个月的自由现金流为 27.9 亿美元。分析师预计这一数字将稳步上升，预计到 2028 年将达到 37.5 亿美元。虽然专业分析师的预测覆盖约五年，但接下来的五年的预测是基于趋势推算的，自由现金流预计到 2035 年将攀升至 47.8 亿美元。</p>
<p>DCF 分析表明，帝亚吉欧的公允价值为每股 30.25 美元，与该股票目前的交易价格相比。这代表了 39.9% 的内在折扣，表明根据该模型，该股票被低估。</p>
<p><strong>结果：被低估</strong></p>
<p>我们的折现现金流（DCF）分析表明帝亚吉欧被低估了 39.9%。将其添加到你的观察列表或投资组合中，或发现基于现金流的 885 只被低估股票。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/59f171c9-6140-49c6-87f9-5298675082f4/chart/dcf?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/59f171c9-6140-49c6-87f9-5298675082f4/chart/dcf"/></p>
<p>截至 2025 年 11 月的 DGE 折现现金流</p>
<p>前往我们公司报告的估值部分，了解我们如何得出帝亚吉欧的公允价值的更多细节。</p>
<h3>方法二：帝亚吉欧市盈率（PE）</h3>
<p>市盈率（PE）是一个广泛使用的估值工具，适用于像帝亚吉欧这样的盈利公司，因为它告诉投资者他们为每一美元的收益支付了多少。通常被认为是评估具有强大盈利记录的成熟企业的良好指标。较高的市盈率可能表明投资者预期未来收益增长，而较低的市盈率可能反映出较低的增长前景或更高的风险。</p>
<p>目前，帝亚吉欧的市盈率为 22.7 倍。为了提供背景，这一数字高于更广泛的饮料行业平均水平 18.3 倍，也高于同行的平均水平 20.7 倍。从表面上看，这表明帝亚吉欧的定价高于其竞争对手。然而，背景很重要：增长预期、利润稳定性和市场风险都在影响任何公司的合理市盈率。</p>
<p>这就是 Simply Wall St 的专有 “公允比率” 发挥作用的地方。对于帝亚吉欧，公允比率计算为 26.7 倍，这不仅考虑了公司的增长特征和行业定位，还考虑了独特的风险因素、利润率和规模。与仅仅与行业或同行倍数进行比较不同，公允比率提供了一个更量身定制的视角，帮助投资者超越简单的基准。</p>
<p>将帝亚吉欧当前的市盈率 22.7 倍与其公允比率 26.7 倍进行比较，表明该股票的交易价格低于根据公司基本面考虑的合理水平。这表明帝亚吉欧在市盈率基础上被低估，尽管在简单平均数上看起来昂贵。</p>
<p><strong>结果：被低估</strong></p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/59f171c9-6140-49c6-87f9-5298675082f4/chart/pe-multiple-vs-industry?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/59f171c9-6140-49c6-87f9-5298675082f4/chart/pe-multiple-vs-industry"/></p>
<p>截至 2025 年 11 月的 LSE:DGE 市盈率</p>
<p>市盈率讲述了一个故事，但如果真正的机会在其他地方呢？发现 1405 家公司，内部人士正在大举押注于爆炸性增长。</p>
<h3>升级你的决策：选择你的帝亚吉欧叙述</h3>
<p>我们之前提到过，有一种更好的方式来理解估值，所以让我们向你介绍叙述。叙述是你关于一家公司的个人故事，提供了一种将你对帝亚吉欧的看法和期望与具体的财务预测和估计的公允价值联系起来的方法。叙述不仅仅依赖于传统指标，而是让你通过概述未来收入、利润率和风险因素等因素的假设，解释为什么你认为一只股票被低估或高估。</p>
<p>在 Simply Wall St 的社区页面上，数百万投资者使用叙述作为决策的简单和可访问的工具。叙述帮助你通过将自己故事中计算出的公允价值与当前股价进行比较，决定何时买入或卖出，并在发布新消息或财报时自动更新。</p>
<p>例如，对于帝亚吉欧，一个叙述可能集中在高端化和全球扩张上，导致更高的利润率，并赋予公允价值为 27.32 英镑。另一个可能强调诸如监管障碍和消费者习惯变化等风险，合理化一个更谨慎的目标为 17.19 英镑。这种方法使你能够看到多个观点，挑战自己的思维，并做出更聪明、更明智的投资决策。</p>
<p>你认为帝亚吉欧的故事还有更多内容吗？前往我们的社区，看看其他人怎么说！</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/59f171c9-6140-49c6-87f9-5298675082f4/chart/community-fair-value?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/59f171c9-6140-49c6-87f9-5298675082f4/chart/community-fair-value"/></p>
<p>截至 2025 年 11 月的 LSE:DGE 社区公允价值</p>
<p><em>这篇来自 Simply Wall St 的文章具有一般性。<strong>我们仅基于历史数据和分析师预测提供评论，采用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成买卖任何股票的推荐，也未考虑您的目标或财务状况。我们的目标是为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>

帝亚吉欧

<p>帝亚吉欧的股票最近出现了一定的动能，但在过去一年中仍下跌了 19.9%。领导层的变动和对新兴市场的关注影响了投资者的情绪。估值方法，包括折现现金流（DCF）和市盈率（PE），表明该股票被低估。DCF 分析显示内在折扣为 39.9%，而市盈率低于公司的公允比率。投资者被鼓励考虑这些因素，并使用个性化的叙述以便做出更好的决策</p>

<ul>
<li>Ever find yourself wondering if Diageo’s current price is an opportunity or a warning? Let’s unpack what the stock might really be worth right now.</li>
<li>Diageo’s shares have bounced 8.2% over the past week and are up 2.7% over the last month. Despite this recent momentum, the stock is still down 19.9% in the past year and 28.6% year-to-date.</li>
<li>This shift follows significant industry news, including leadership changes and a renewed focus on emerging markets. Investor sentiment has also responded to wider sector volatility, helping to explain these sharp moves in the share price.</li>
<li>On our valuation checks, Diageo scores 4 out of 6, showing that the company looks undervalued across several key metrics. Next, we look at which valuation methods matter most and why there might be an even better way to get the real story by the end of this article.</li>
</ul>
<div class="lb-trans"><ul>
<li>你是否曾想过帝亚吉欧当前的股价是机会还是警告？让我们来分析一下这只股票现在可能真正的价值。</li>
<li>帝亚吉欧的股价在过去一周上涨了 8.2%，过去一个月上涨了 2.7%。尽管最近有这样的势头，但该股票在过去一年仍然下跌了 19.9%，年初至今下跌了 28.6%。</li>
<li>这一变化发生在行业重大新闻之后，包括领导层变动和对新兴市场的重新关注。投资者情绪也对更广泛的行业波动作出了反应，这有助于解释股价的剧烈波动。</li>
<li>在我们的估值检查中，帝亚吉欧在六个指标中得分 4 分，显示出该公司在几个关键指标上被低估。接下来，我们将看看哪些估值方法最重要，以及为什么在本文结束时可能会有更好的方式来了解真实情况。</li>
</ul>
</div><p>Find out why Diageo's -19.9% return over the last year is lagging behind its peers.</p>
<div class="lb-trans"><p>了解为什么帝亚吉欧过去一年-19.9% 的回报落后于同行。</p>
</div><h3>Approach 1: Diageo Discounted Cash Flow (DCF) Analysis</h3>
<div class="lb-trans"><h3>方法一：帝亚吉欧折现现金流（DCF）分析</h3>
</div><p>The Discounted Cash Flow (DCF) model estimates a company’s intrinsic value by forecasting its future cash flows and discounting them back to today’s dollars. This gives a clear sense of what Diageo might be worth based on the cash it can generate in the years ahead.</p>
<div class="lb-trans"><p>折现现金流（DCF）模型通过预测公司的未来现金流并将其折现回今天的美元来估算公司的内在价值。这清楚地表明了帝亚吉欧在未来几年可能的价值。</p>
</div><p>Currently, Diageo’s last twelve months of Free Cash Flow stand at $2.79 Billion. Analyst estimates project this figure rising steadily, with $3.75 Billion expected for 2028. While professional analyst forecasts cover about five years, projections for the following five years are extrapolated from trends, with Free Cash Flow climbing towards $4.78 Billion by 2035.</p>
<div class="lb-trans"><p>目前，帝亚吉欧过去十二个月的自由现金流为 27.9 亿美元。分析师预计这一数字将稳步上升，预计到 2028 年将达到 37.5 亿美元。虽然专业分析师的预测覆盖约五年，但接下来的五年的预测是基于趋势推算的，自由现金流预计到 2035 年将攀升至 47.8 亿美元。</p>
</div><p>The DCF analysis implies a fair value of $30.25 per share for Diageo compared to the stock’s present trading price. This represents a 39.9% intrinsic discount, which indicates the stock is undervalued according to this model.</p>
<div class="lb-trans"><p>DCF 分析表明，帝亚吉欧的公允价值为每股 30.25 美元，与该股票目前的交易价格相比。这代表了 39.9% 的内在折扣，表明根据该模型，该股票被低估。</p>
</div><p><strong>Result: UNDERVALUED</strong></p>
<div class="lb-trans"><p><strong>结果：被低估</strong></p>
</div><p>Our Discounted Cash Flow (DCF) analysis suggests Diageo is undervalued by 39.9%. Track this in your watchlist or portfolio, or discover 885 more undervalued stocks based on cash flows.</p>
<div class="lb-trans"><p>我们的折现现金流（DCF）分析表明帝亚吉欧被低估了 39.9%。将其添加到你的观察列表或投资组合中，或发现基于现金流的 885 只被低估股票。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/59f171c9-6140-49c6-87f9-5298675082f4/chart/dcf" alt="" original-src="https://images.simplywall.st/company/59f171c9-6140-49c6-87f9-5298675082f4/chart/dcf"/></p>
<p>DGE Discounted Cash Flow as at Nov 2025</p>
<div class="lb-trans"><p>截至 2025 年 11 月的 DGE 折现现金流</p>
</div><p>Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Diageo.</p>
<div class="lb-trans"><p>前往我们公司报告的估值部分，了解我们如何得出帝亚吉欧的公允价值的更多细节。</p>
</div><h3>Approach 2: Diageo Price vs Earnings (PE)</h3>
<div class="lb-trans"><h3>方法二：帝亚吉欧市盈率（PE）</h3>
</div><p>The Price-to-Earnings (PE) ratio is a widely used valuation tool for profitable companies like Diageo, as it tells investors how much they are paying for each dollar of earnings. It is generally considered a good indicator when evaluating established businesses with a strong track record of profitability. A higher PE ratio can signal that investors expect future earnings growth, while a lower one may reflect lower growth prospects or higher risk.</p>
<div class="lb-trans"><p>市盈率（PE）是一个广泛使用的估值工具，适用于像帝亚吉欧这样的盈利公司，因为它告诉投资者他们为每一美元的收益支付了多少。通常被认为是评估具有强大盈利记录的成熟企业的良好指标。较高的市盈率可能表明投资者预期未来收益增长，而较低的市盈率可能反映出较低的增长前景或更高的风险。</p>
</div><p>Currently, Diageo’s PE ratio sits at 22.7x. To put this in context, this is above the broader Beverage industry average of 18.3x, and also higher than the average among peers, which is 20.7x. On the surface, this suggests Diageo is priced at a premium compared to its competitors. However, context matters: growth expectations, profit stability, and market risks all play a role in what a fair PE should be for any company.</p>
<div class="lb-trans"><p>目前，帝亚吉欧的市盈率为 22.7 倍。为了提供背景，这一数字高于更广泛的饮料行业平均水平 18.3 倍，也高于同行的平均水平 20.7 倍。从表面上看，这表明帝亚吉欧的定价高于其竞争对手。然而，背景很重要：增长预期、利润稳定性和市场风险都在影响任何公司的合理市盈率。</p>
</div><p>That is where Simply Wall St's proprietary &#34;Fair Ratio&#34; comes in. For Diageo, the Fair Ratio is calculated at 26.7x, which takes into account not just the company’s growth profile and industry positioning, but also unique risk factors, margins, and its scale. Unlike just comparing with industry or peer multiples, the Fair Ratio offers a more tailored perspective on what is reasonable for Diageo specifically, making it particularly useful for investors looking beyond simple benchmarks.</p>
<div class="lb-trans"><p>这就是 Simply Wall St 的专有 “公允比率” 发挥作用的地方。对于帝亚吉欧，公允比率计算为 26.7 倍，这不仅考虑了公司的增长特征和行业定位，还考虑了独特的风险因素、利润率和规模。与仅仅与行业或同行倍数进行比较不同，公允比率提供了一个更量身定制的视角，帮助投资者超越简单的基准。</p>
</div><p>Comparing Diageo’s current PE of 22.7x to its Fair Ratio of 26.7x indicates that the shares are trading below what would be considered fair based on the company’s fundamentals. This points to Diageo being undervalued on a PE basis, despite appearing expensive against simpler averages.</p>
<div class="lb-trans"><p>将帝亚吉欧当前的市盈率 22.7 倍与其公允比率 26.7 倍进行比较，表明该股票的交易价格低于根据公司基本面考虑的合理水平。这表明帝亚吉欧在市盈率基础上被低估，尽管在简单平均数上看起来昂贵。</p>
</div><p><strong>Result: UNDERVALUED</strong></p>
<div class="lb-trans"><p><strong>结果：被低估</strong></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/59f171c9-6140-49c6-87f9-5298675082f4/chart/pe-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/59f171c9-6140-49c6-87f9-5298675082f4/chart/pe-multiple-vs-industry"/></p>
<p>LSE:DGE PE Ratio as at Nov 2025</p>
<div class="lb-trans"><p>截至 2025 年 11 月的 LSE:DGE 市盈率</p>
</div><p>PE ratios tell one story, but what if the real opportunity lies elsewhere? Discover 1405 companies where insiders are betting big on explosive growth.</p>
<div class="lb-trans"><p>市盈率讲述了一个故事，但如果真正的机会在其他地方呢？发现 1405 家公司，内部人士正在大举押注于爆炸性增长。</p>
</div><h3>Upgrade Your Decision Making: Choose your Diageo Narrative</h3>
<div class="lb-trans"><h3>升级你的决策：选择你的帝亚吉欧叙述</h3>
</div><p>Earlier we mentioned that there is an even better way to understand valuation, so let's introduce you to Narratives. A Narrative is your personal story about a company, providing a way to connect your perspective and expectations about Diageo to concrete financial forecasts and an estimated fair value, all in one place. Rather than just relying on traditional metrics, Narratives let you explain why you believe a stock is undervalued or overvalued by outlining assumptions around factors such as future revenue, profit margins, and risk factors.</p>
<div class="lb-trans"><p>我们之前提到过，有一种更好的方式来理解估值，所以让我们向你介绍叙述。叙述是你关于一家公司的个人故事，提供了一种将你对帝亚吉欧的看法和期望与具体的财务预测和估计的公允价值联系起来的方法。叙述不仅仅依赖于传统指标，而是让你通过概述未来收入、利润率和风险因素等因素的假设，解释为什么你认为一只股票被低估或高估。</p>
</div><p>On Simply Wall St's Community page, millions of investors use Narratives as an easy and accessible tool for decision making. Narratives help you decide when to buy or sell by comparing the Fair Value calculated from your own storyline to the current share price, and they stay up to date by adjusting automatically when new news or earnings are released.</p>
<div class="lb-trans"><p>在 Simply Wall St 的社区页面上，数百万投资者使用叙述作为决策的简单和可访问的工具。叙述帮助你通过将自己故事中计算出的公允价值与当前股价进行比较，决定何时买入或卖出，并在发布新消息或财报时自动更新。</p>
</div><p>For Diageo, for example, one Narrative might focus on premiumization and global expansion leading to higher margins and assign a fair value of £27.32. Another might highlight risks such as regulatory hurdles and shifting consumer habits, justifying a much more cautious target of £17.19. This approach empowers you to see multiple viewpoints, challenge your own thinking, and make smarter, more informed investment decisions.</p>
<div class="lb-trans"><p>例如，对于帝亚吉欧，一个叙述可能集中在高端化和全球扩张上，导致更高的利润率，并赋予公允价值为 27.32 英镑。另一个可能强调诸如监管障碍和消费者习惯变化等风险，合理化一个更谨慎的目标为 17.19 英镑。这种方法使你能够看到多个观点，挑战自己的思维，并做出更聪明、更明智的投资决策。</p>
</div><p>Do you think there's more to the story for Diageo? Head over to our Community to see what others are saying!</p>
<div class="lb-trans"><p>你认为帝亚吉欧的故事还有更多内容吗？前往我们的社区，看看其他人怎么说！</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/59f171c9-6140-49c6-87f9-5298675082f4/chart/community-fair-value" alt="" original-src="https://images.simplywall.st/company/59f171c9-6140-49c6-87f9-5298675082f4/chart/community-fair-value"/></p>
<p>LSE:DGE Community Fair Values as at Nov 2025</p>
<div class="lb-trans"><p>截至 2025 年 11 月的 LSE:DGE 社区公允价值</p>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
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帝亚吉欧最近的领导层变动是否意味着为投资者提供了新的机会？