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 2,901,101 - -
Change - -5.86% 31.82% 31.19% 11.29% -21.53% - -
Enterprise Value (EV) 1 1,968,116 1,865,864 2,468,056 3,291,263 3,645,608 2,843,883 2,862,584 2,883,811
Change - -5.2% 32.27% 33.35% 10.77% -21.99% 0.66% 0.74%
P/E 33.7x 26.6x 35.2x 37.9x 36.5x 20.8x 20x 17.1x
PBR 14.3x 11.5x 12.3x 12.4x 10.8x 6.5x 4.97x 3.97x
PEG - 1.3x 113.23x 1.7x 2.3x 0.7x 1.6x 1x
Capitalization / Revenue 12.1x 9.69x 11.9x 13.6x 13.1x 8.35x 7.54x 6.36x
EV / Revenue 11.7x 9.41x 11.6x 13.4x 12.9x 8.63x 7.44x 6.32x
EV / EBITDA 24.1x 19.1x 23.8x 25x 22.4x 14.3x 11.9x 9.85x
EV / EBIT 28.1x 22.4x 27.5x 30.1x 28.4x 18.5x 16x 13.7x
EV / FCF 35.1x 28.6x 41.5x 44.4x 50.9x 43.8x 49.3x 44.7x
FCF Yield 2.85% 3.49% 2.41% 2.25% 1.96% 2.28% 2.03% 2.24%
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% 0.99% 1.1%
EPS 2 8.05 9.65 9.68 11.8 13.64 17.95 19.51 22.88
Distribution rate 27.8% 25.7% 28.1% 25.4% 24.3% 21.2% 19.8% 18.7%
Net sales 1 168,088 198,270 211,915 245,122 281,724 331,839 384,869 456,148
EBITDA 1 81,602 97,843 103,555 131,720 162,681 193,771 239,952 292,789
EBIT 1 69,916 83,383 89,694 109,433 128,528 155,237 178,947 210,162
Net income 1 61,271 72,738 72,361 88,136 101,832 133,749 145,476 169,269
Net Debt 1 -72,188 -54,976 -64,025 -30,606 -51,414 -57,218 -38,517 -17,290
Reference price 2 270.90 256.83 340.54 446.95 497.41 390.54 390.54 390.54
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 29/7/26 - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.5x8.63x14.29x0.94% 2,901B
91x36.71x61.2x-.--% 295B
103.46x32.99x104.35x0.17% 106B
69.46x14.63x30.94x-.--% 91.78B
477.23x20.55x82.55x-.--% 94.04B
138.47x8.17x20.84x-.--% 71.55B
36.06x1.9x14.88x-.--% 66.37B
120.09x5.26x25.78x-.--% 46.08B
-33.64x4.43x21.19x-.--% 35.89B
21.1x3.98x10.98x1.34% 31.65B
Average 104.57x 13.72x 38.70x 0.25% 373.98B
Weighted average by Cap. 45.91x 11.73x 22.99x 0.75%

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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