Company Valuation: Microsoft Corporation

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,920,840 2,532,081 3,321,869 3,697,022 2,770,955 3,621,067 - -
Change - 31.82% 31.19% 11.29% -25.05% 30.68% - -
Enterprise Value (EV) 1 1,865,864 2,468,056 3,291,263 3,645,608 2,734,406 3,583,600 3,572,552 3,621,090
Change - 32.27% 33.35% 10.77% -24.99% 31.06% -0.31% 1.36%
P/E 26.6x 35.2x 37.9x 36.5x 20.8x 24.8x 20.7x 17.4x
PBR 11.5x 12.3x 12.4x 10.8x 6.26x 6.35x 4.98x 3.87x
PEG - 113.23x 1.7x 2.3x 0.7x 2.64x 1.1x 0.9x
Capitalization / Revenue 9.69x 11.9x 13.6x 13.1x 8.35x 9.27x 7.77x 6.45x
EV / Revenue 9.41x 11.6x 13.4x 12.9x 8.24x 9.17x 7.66x 6.45x
EV / EBITDA 19.1x 23.8x 25x 22.4x 13.8x 15x 12.1x 9.81x
EV / EBIT 22.4x 27.5x 30.1x 28.4x 17.6x 19.7x 16.5x 14.1x
EV / FCF 28.6x 41.5x 44.4x 50.9x 40.8x 117x 77.2x 43.3x
FCF Yield 3.49% 2.41% 2.25% 1.96% 2.45% 0.85% 1.3% 2.31%
Dividend per Share 2 2.48 2.72 3 3.32 3.64 3.945 4.358 4.474
Rate of return 0.97% 0.8% 0.67% 0.67% 0.98% 0.81% 0.89% 0.92%
EPS 2 9.65 9.68 11.8 13.64 17.95 19.63 23.5 28
Distribution rate 25.7% 28.1% 25.4% 24.3% 20.3% 20.1% 18.5% 16%
Net sales 1 198,270 211,915 245,122 281,724 331,839 390,824 466,326 561,120
EBITDA 1 97,843 103,555 131,720 162,681 198,685 239,588 294,751 369,245
EBIT 1 83,383 89,694 109,433 128,528 155,237 181,767 216,221 257,502
Net income 1 72,738 72,361 88,136 101,832 133,749 146,730 175,507 208,549
Net Debt 1 -54,976 -64,025 -30,606 -51,414 -36,549 -37,467 -48,515 22.86
Reference price 2 256.83 340.54 446.95 497.41 373.02 487.65 487.65 487.65
Nbr of stocks (in thousands) 7,479,033 7,435,488 7,432,306 7,432,544 7,428,435 7,425,545 - -
Announcement Date 26/7/22 25/7/23 30/7/24 30/7/25 29/7/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.84x9.17x14.96x0.81% 3,621B
92.96x37.53x62.57x-.--% 301B
493.52x21.31x85.64x-.--% 97.39B
70.17x14.76x31.11x-.--% 92.57B
145.29x8.53x21.77x-.--% 75.07B
36.99x1.96x15.33x-.--% 68.08B
119.47x5.24x25.65x-.--% 45.84B
20.84x3.92x10.84x1.36% 31.61B
92.91x4.81x23.15x-.--% 29.84B
23.81x4.01x9.29x-.--% 28.81B
Average 112.08x 11.12x 30.03x 0.22% 439.15B
Weighted average by Cap. 44.52x 11.24x 20.36x 0.68%

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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  4. Valuation Microsoft Corporation