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 2,855,193 - -
Change - -5.86% 31.82% 31.19% 11.29% -22.77% - -
Enterprise Value (EV) 1 1,968,116 1,865,864 2,468,056 3,291,263 3,645,608 2,802,770 2,807,679 2,776,038
Change - -5.2% 32.27% 33.35% 10.77% -23.12% 0.18% -1.13%
P/E 33.7x 26.6x 35.2x 37.9x 36.5x 22.2x 19.7x 16.7x
PBR 14.3x 11.5x 12.3x 12.4x 10.8x 6.4x 4.87x 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 8.66x 7.43x 6.28x
EV / Revenue 11.7x 9.41x 11.6x 13.4x 12.9x 8.51x 7.3x 6.1x
EV / EBITDA 24.1x 19.1x 23.8x 25x 22.4x 14.1x 11.7x 9.53x
EV / EBIT 28.1x 22.4x 27.5x 30.1x 28.4x 18.2x 15.7x 13.2x
EV / FCF 35.1x 28.6x 41.5x 44.4x 50.9x 43.4x 50.7x 41.4x
FCF Yield 2.85% 3.49% 2.41% 2.25% 1.96% 2.31% 1.97% 2.42%
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 2 270.90 256.83 340.54 446.95 497.41 384.36 384.36 384.36
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.($)
95.66x38.6x64.53x-.--% 309B
138.48x44.24x139.93x0.13% 142B
85.77x17.24x37.45x-.--% 106B
485.9x20.95x84.2x-.--% 95.75B
163.85x9.54x23.58x-.--% 84.9B
36.06x1.92x14.99x-.--% 66.83B
125.38x5.25x25.77x-.--% 45.69B
-37.36x5.01x24.01x-.--% 40.4B
103.31x5.38x25.92x-.--% 33.18B
Average 133.01x 16.46x 48.93x 0.01% 102.72B
Weighted average by Cap. 139.40x 25.55x 62.61x 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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