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 2,860,690 - -
Change - -5.86% 31.82% 31.19% 11.29% -22.62% - -
Enterprise Value (EV) 1 1,968,116 1,865,864 2,468,056 3,291,263 3,645,608 2,808,267 2,813,176 2,781,535
Change - -5.2% 32.27% 33.35% 10.77% -22.97% 0.17% -1.12%
P/E 33.7x 26.6x 35.2x 37.9x 36.5x 22.2x 19.7x 16.8x
PBR 14.3x 11.5x 12.3x 12.4x 10.8x 6.41x 4.88x 3.89x
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 8.68x 7.44x 6.29x
EV / Revenue 11.7x 9.41x 11.6x 13.4x 12.9x 8.52x 7.32x 6.11x
EV / EBITDA 24.1x 19.1x 23.8x 25x 22.4x 14.2x 11.8x 9.55x
EV / EBIT 28.1x 22.4x 27.5x 30.1x 28.4x 18.3x 15.7x 13.3x
EV / FCF 35.1x 28.6x 41.5x 44.4x 50.9x 43.4x 50.8x 41.4x
FCF Yield 2.85% 3.49% 2.41% 2.25% 1.96% 2.3% 1.97% 2.41%
Dividend per Share 2 2.24 2.48 2.72 3 3.32 3.686 4.017 4.31
Rate of return 0.83% 0.97% 0.8% 0.67% 0.67% 0.96% 1.04% 1.12%
EPS 2 8.05 9.65 9.68 11.8 13.64 17.34 19.54 22.95
Distribution rate 27.8% 25.7% 28.1% 25.4% 24.3% 21.3% 20.6% 18.8%
Net sales 1 168,088 198,270 211,915 245,122 281,724 329,510 384,465 454,914
EBITDA 1 81,602 97,843 103,555 131,720 162,681 198,186 239,087 291,387
EBIT 1 69,916 83,383 89,694 109,433 128,528 153,662 178,912 209,803
Net income 1 61,271 72,738 72,361 88,136 101,832 129,244 145,607 169,666
Net Debt 1 -72,188 -54,976 -64,025 -30,606 -51,414 -52,423 -47,514 -79,155
Reference price 2 270.90 256.83 340.54 446.95 497.41 385.10 385.10 385.10
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.($)
93.99x37.9x63.36x-.--% 304B
126.3x40.33x127.55x0.14% 130B
85.38x17.16x37.28x-.--% 106B
465.2x20.01x80.43x-.--% 91.67B
164.63x9.59x23.69x-.--% 85.3B
36.94x1.96x15.33x-.--% 68.07B
123.9x5.18x25.62x-.--% 45.15B
-36.64x4.91x23.51x-.--% 39.63B
101.4x5.28x25.41x-.--% 32.56B
Average 129.01x 15.81x 46.91x 0.02% 100.23B
Weighted average by Cap. 133.75x 24.34x 58.88x 0.02%

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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