Company Valuation: Microsoft Corporation

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,040,304 1,920,840 2,532,081 3,321,869 3,697,022 2,921,975 - -
Change - -5.86% 31.82% 31.19% 11.29% -20.96% - -
Enterprise Value (EV) 1 1,968,116 1,865,864 2,468,056 3,291,263 3,645,608 2,864,757 2,883,458 2,904,685
Change - -5.2% 32.27% 33.35% 10.77% -21.42% 0.65% 0.74%
P/E 33.7x 26.6x 35.2x 37.9x 36.5x 22.7x 20.2x 17.2x
PBR 14.3x 11.5x 12.3x 12.4x 10.8x 6.55x 5x 4x
PEG - 1.3x 113.23x 1.7x 2.3x 0.8x 1.6x 1x
Capitalization / Revenue 12.1x 9.69x 11.9x 13.6x 13.1x 8.87x 7.59x 6.41x
EV / Revenue 11.7x 9.41x 11.6x 13.4x 12.9x 8.69x 7.49x 6.37x
EV / EBITDA 24.1x 19.1x 23.8x 25x 22.4x 14.4x 12x 9.92x
EV / EBIT 28.1x 22.4x 27.5x 30.1x 28.4x 18.6x 16.1x 13.8x
EV / FCF 35.1x 28.6x 41.5x 44.4x 50.9x 44.1x 49.6x 45x
FCF Yield 2.85% 3.49% 2.41% 2.25% 1.96% 2.27% 2.02% 2.22%
Dividend per Share 2 2.24 2.48 2.72 3 3.32 3.679 3.856 4.279
Rate of return 0.83% 0.97% 0.8% 0.67% 0.67% 0.94% 0.98% 1.09%
EPS 2 8.05 9.65 9.68 11.8 13.64 17.35 19.51 22.88
Distribution rate 27.8% 25.7% 28.1% 25.4% 24.3% 21.2% 19.8% 18.7%
Net sales 1 168,088 198,270 211,915 245,122 281,724 329,550 384,869 456,148
EBITDA 1 81,602 97,843 103,555 131,720 162,681 199,047 239,952 292,789
EBIT 1 69,916 83,383 89,694 109,433 128,528 153,726 178,947 210,162
Net income 1 61,271 72,738 72,361 88,136 101,832 129,186 145,476 169,269
Net Debt 1 -72,188 -54,976 -64,025 -30,606 -51,414 -57,218 -38,517 -17,290
Reference price 2 270.90 256.83 340.54 446.95 497.41 393.35 393.35 393.35
Nbr of stocks (in thousands) 7,531,575 7,479,033 7,435,488 7,432,306 7,432,544 7,428,435 - -
Announcement Date 27/7/21 26/7/22 25/7/23 30/7/24 30/7/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.67x8.69x14.39x0.94% 2,922B
91.39x36.87x61.47x-.--% 296B
101.76x32.44x102.62x0.17% 105B
71.95x15.15x32.03x-.--% 95.08B
453.17x19.46x78.17x-.--% 89.3B
142.23x8.37x21.35x-.--% 73.48B
35.74x1.88x14.73x-.--% 65.79B
120.67x5.29x25.91x-.--% 46.3B
-33.24x4.36x20.9x-.--% 35.44B
21.1x3.98x10.98x1.34% 31.69B
Average 102.74x 13.65x 38.26x 0.24% 376B
Weighted average by Cap. 44.99x 11.75x 22.84x 0.74%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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