<ul>
<li>你是否曾想過帝亞吉歐當前的股價是機會還是警告？讓我們來分析一下這隻股票現在可能真正的價值。</li>
<li>帝亞吉歐的股價在過去一週上漲了 8.2%，過去一個月上漲了 2.7%。儘管最近有這樣的勢頭，但該股票在過去一年仍然下跌了 19.9%，年初至今下跌了 28.6%。</li>
<li>這一變化發生在行業重大新聞之後，包括領導層變動和對新興市場的重新關注。投資者情緒也對更廣泛的行業波動作出了反應，這有助於解釋股價的劇烈波動。</li>
<li>在我們的估值檢查中，帝亞吉歐在六個指標中得分 4 分，顯示出該公司在幾個關鍵指標上被低估。接下來，我們將看看哪些估值方法最重要，以及為什麼在本文結束時可能會有更好的方式來了解真實情況。</li>
</ul>
<p>瞭解為什麼帝亞吉歐過去一年-19.9% 的回報落後於同行。</p>
<h3>方法一：帝亞吉歐折現現金流（DCF）分析</h3>
<p>折現現金流（DCF）模型通過預測公司的未來現金流並將其折現回今天的美元來估算公司的內在價值。這清楚地表明瞭帝亞吉歐在未來幾年可能的價值。</p>
<p>目前，帝亞吉歐過去十二個月的自由現金流為 27.9 億美元。分析師預計這一數字將穩步上升，預計到 2028 年將達到 37.5 億美元。雖然專業分析師的預測覆蓋約五年，但接下來的五年的預測是基於趨勢推算的，自由現金流預計到 2035 年將攀升至 47.8 億美元。</p>
<p>DCF 分析表明，帝亞吉歐的公允價值為每股 30.25 美元，與該股票目前的交易價格相比。這代表了 39.9% 的內在折扣，表明根據該模型，該股票被低估。</p>
<p><strong>結果：被低估</strong></p>
<p>我們的折現現金流（DCF）分析表明帝亞吉歐被低估了 39.9%。將其添加到你的觀察列表或投資組合中，或發現基於現金流的 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 折現現金流</p>
<p>前往我們公司報告的估值部分，瞭解我們如何得出帝亞吉歐的公允價值的更多細節。</p>
<h3>方法二：帝亞吉歐市盈率（PE）</h3>
<p>市盈率（PE）是一個廣泛使用的估值工具，適用於像帝亞吉歐這樣的盈利公司，因為它告訴投資者他們為每一美元的收益支付了多少。通常被認為是評估具有強大盈利記錄的成熟企業的良好指標。較高的市盈率可能表明投資者預期未來收益增長，而較低的市盈率可能反映出較低的增長前景或更高的風險。</p>
<p>目前，帝亞吉歐的市盈率為 22.7 倍。為了提供背景，這一數字高於更廣泛的飲料行業平均水平 18.3 倍，也高於同行的平均水平 20.7 倍。從表面上看，這表明帝亞吉歐的定價高於其競爭對手。然而，背景很重要：增長預期、利潤穩定性和市場風險都在影響任何公司的合理市盈率。</p>
<p>這就是 Simply Wall St 的專有 “公允比率” 發揮作用的地方。對於帝亞吉歐，公允比率計算為 26.7 倍，這不僅考慮了公司的增長特徵和行業定位，還考慮了獨特的風險因素、利潤率和規模。與僅僅與行業或同行倍數進行比較不同，公允比率提供了一個更量身定製的視角，幫助投資者超越簡單的基準。</p>
<p>將帝亞吉歐當前的市盈率 22.7 倍與其公允比率 26.7 倍進行比較，表明該股票的交易價格低於根據公司基本面考慮的合理水平。這表明帝亞吉歐在市盈率基礎上被低估，儘管在簡單平均數上看起來昂貴。</p>
<p><strong>結果：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>市盈率講述了一個故事，但如果真正的機會在其他地方呢？發現 1405 家公司，內部人士正在大舉押注於爆炸性增長。</p>
<h3>升級你的決策：選擇你的帝亞吉歐敍述</h3>
<p>我們之前提到過，有一種更好的方式來理解估值，所以讓我們向你介紹敍述。敍述是你關於一家公司的個人故事，提供了一種將你對帝亞吉歐的看法和期望與具體的財務預測和估計的公允價值聯繫起來的方法。敍述不僅僅依賴於傳統指標，而是讓你通過概述未來收入、利潤率和風險因素等因素的假設，解釋為什麼你認為一隻股票被低估或高估。</p>
<p>在 Simply Wall St 的社區頁面上，數百萬投資者使用敍述作為決策的簡單和可訪問的工具。敍述幫助你通過將自己故事中計算出的公允價值與當前股價進行比較，決定何時買入或賣出，並在發佈新消息或財報時自動更新。</p>
<p>例如，對於帝亞吉歐，一個敍述可能集中在高端化和全球擴張上，導致更高的利潤率，並賦予公允價值為 27.32 英鎊。另一個可能強調諸如監管障礙和消費者習慣變化等風險，合理化一個更謹慎的目標為 17.19 英鎊。這種方法使你能夠看到多個觀點，挑戰自己的思維，並做出更聰明、更明智的投資決策。</p>
<p>你認為帝亞吉歐的故事還有更多內容嗎？前往我們的社區，看看其他人怎麼説！</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 社區公允價值</p>
<p><em>這篇來自 Simply Wall St 的文章具有一般性。<strong>我們僅基於歷史數據和分析師預測提供評論，採用無偏見的方法，我們的文章並不旨在提供財務建議。</strong> 它不構成買賣任何股票的推薦，也未考慮您的目標或財務狀況。我們的目標是為您提供以基本數據驅動的長期分析。請注意，我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中沒有持倉。</em></p>

帝亞吉歐

<p>帝亞吉歐的股票最近出現了一定的動能，但在過去一年中仍下跌了 19.9%。領導層的變動和對新興市場的關注影響了投資者的情緒。估值方法，包括折現現金流（DCF）和市盈率（PE），表明該股票被低估。DCF 分析顯示內在折扣為 39.9%，而市盈率低於公司的公允比率。投資者被鼓勵考慮這些因素，並使用個性化的敍述以便做出更好的決策</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>你是否曾想過帝亞吉歐當前的股價是機會還是警告？讓我們來分析一下這隻股票現在可能真正的價值。</li>
<li>帝亞吉歐的股價在過去一週上漲了 8.2%，過去一個月上漲了 2.7%。儘管最近有這樣的勢頭，但該股票在過去一年仍然下跌了 19.9%，年初至今下跌了 28.6%。</li>
<li>這一變化發生在行業重大新聞之後，包括領導層變動和對新興市場的重新關注。投資者情緒也對更廣泛的行業波動作出了反應，這有助於解釋股價的劇烈波動。</li>
<li>在我們的估值檢查中，帝亞吉歐在六個指標中得分 4 分，顯示出該公司在幾個關鍵指標上被低估。接下來，我們將看看哪些估值方法最重要，以及為什麼在本文結束時可能會有更好的方式來了解真實情況。</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>瞭解為什麼帝亞吉歐過去一年-19.9% 的回報落後於同行。</p>
</div><h3>Approach 1: Diageo Discounted Cash Flow (DCF) Analysis</h3>
<div class="lb-trans"><h3>方法一：帝亞吉歐折現現金流（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>折現現金流（DCF）模型通過預測公司的未來現金流並將其折現回今天的美元來估算公司的內在價值。這清楚地表明瞭帝亞吉歐在未來幾年可能的價值。</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，帝亞吉歐過去十二個月的自由現金流為 27.9 億美元。分析師預計這一數字將穩步上升，預計到 2028 年將達到 37.5 億美元。雖然專業分析師的預測覆蓋約五年，但接下來的五年的預測是基於趨勢推算的，自由現金流預計到 2035 年將攀升至 47.8 億美元。</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，帝亞吉歐的公允價值為每股 30.25 美元，與該股票目前的交易價格相比。這代表了 39.9% 的內在折扣，表明根據該模型，該股票被低估。</p>
</div><p><strong>Result: UNDERVALUED</strong></p>
<div class="lb-trans"><p><strong>結果：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>我們的折現現金流（DCF）分析表明帝亞吉歐被低估了 39.9%。將其添加到你的觀察列表或投資組合中，或發現基於現金流的 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 折現現金流</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>前往我們公司報告的估值部分，瞭解我們如何得出帝亞吉歐的公允價值的更多細節。</p>
</div><h3>Approach 2: Diageo Price vs Earnings (PE)</h3>
<div class="lb-trans"><h3>方法二：帝亞吉歐市盈率（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）是一個廣泛使用的估值工具，適用於像帝亞吉歐這樣的盈利公司，因為它告訴投資者他們為每一美元的收益支付了多少。通常被認為是評估具有強大盈利記錄的成熟企業的良好指標。較高的市盈率可能表明投資者預期未來收益增長，而較低的市盈率可能反映出較低的增長前景或更高的風險。</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，帝亞吉歐的市盈率為 22.7 倍。為了提供背景，這一數字高於更廣泛的飲料行業平均水平 18.3 倍，也高於同行的平均水平 20.7 倍。從表面上看，這表明帝亞吉歐的定價高於其競爭對手。然而，背景很重要：增長預期、利潤穩定性和市場風險都在影響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>這就是 Simply Wall St 的專有 “公允比率” 發揮作用的地方。對於帝亞吉歐，公允比率計算為 26.7 倍，這不僅考慮了公司的增長特徵和行業定位，還考慮了獨特的風險因素、利潤率和規模。與僅僅與行業或同行倍數進行比較不同，公允比率提供了一個更量身定製的視角，幫助投資者超越簡單的基準。</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>將帝亞吉歐當前的市盈率 22.7 倍與其公允比率 26.7 倍進行比較，表明該股票的交易價格低於根據公司基本面考慮的合理水平。這表明帝亞吉歐在市盈率基礎上被低估，儘管在簡單平均數上看起來昂貴。</p>
</div><p><strong>Result: UNDERVALUED</strong></p>
<div class="lb-trans"><p><strong>結果：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>市盈率講述了一個故事，但如果真正的機會在其他地方呢？發現 1405 家公司，內部人士正在大舉押注於爆炸性增長。</p>
</div><h3>Upgrade Your Decision Making: Choose your Diageo Narrative</h3>
<div class="lb-trans"><h3>升級你的決策：選擇你的帝亞吉歐敍述</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>我們之前提到過，有一種更好的方式來理解估值，所以讓我們向你介紹敍述。敍述是你關於一家公司的個人故事，提供了一種將你對帝亞吉歐的看法和期望與具體的財務預測和估計的公允價值聯繫起來的方法。敍述不僅僅依賴於傳統指標，而是讓你通過概述未來收入、利潤率和風險因素等因素的假設，解釋為什麼你認為一隻股票被低估或高估。</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 的社區頁面上，數百萬投資者使用敍述作為決策的簡單和可訪問的工具。敍述幫助你通過將自己故事中計算出的公允價值與當前股價進行比較，決定何時買入或賣出，並在發佈新消息或財報時自動更新。</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，對於帝亞吉歐，一個敍述可能集中在高端化和全球擴張上，導致更高的利潤率，並賦予公允價值為 27.32 英鎊。另一個可能強調諸如監管障礙和消費者習慣變化等風險，合理化一個更謹慎的目標為 17.19 英鎊。這種方法使你能夠看到多個觀點，挑戰自己的思維，並做出更聰明、更明智的投資決策。</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>你認為帝亞吉歐的故事還有更多內容嗎？前往我們的社區，看看其他人怎麼説！</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 社區公允價值</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>
<div class="lb-trans"><p><em>這篇來自 Simply Wall St 的文章具有一般性。<strong>我們僅基於歷史數據和分析師預測提供評論，採用無偏見的方法，我們的文章並不旨在提供財務建議。</strong> 它不構成買賣任何股票的推薦，也未考慮您的目標或財務狀況。我們的目標是為您提供以基本數據驅動的長期分析。請注意，我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中沒有持倉。</em></p>
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帝亞吉歐最近的領導層變動是否意味着為投資者提供了新的機會？