Diageo plc (DEO.BA)

Diageo plc (DEO.BA) — VMCI valuation read

Headline read on DEO.BA: VMCI of 47/100 versus a Consumer Defensive sector median of 50. The 3-point below-median position is what makes Diageo plc a relative-value laggard in the mid-cap cohort, before any pillar-level review.

Form 4 filings on DEO.BA: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on DEO.BA: value (DEO.BA trades at 21.0x earnings, 17% above the Consumer Defensive median of 18.0x), quality (ROIC of 19.0% sits 9.0pp above the Consumer Defensive median (10.0%)), and risk (net debt to EBITDA of 0.0x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Consumer Defensive 12.0x baseline.

DEO.BA rose 3.7% over the trailing 7 days, with a +0.4% read on a 30-day basis.