LSE:DGEBeverage
Diageo (LSE:DGE) Stock Looks Cheap Despite A 51% Three Year Slide
Diageo’s share price has had a tough run over the last few years, yet its current valuation checks suggest the stock now screens as relatively cheap on several measures, creating a clear tension between weak past returns and a more supportive valuation profile.
Over the past 3 years, Diageo’s share price has declined about 50.5%, which puts recent returns and sentiment firmly on the back foot.
For a global branded spirits group like Diageo, long term brand strength and cash generation can...