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 3,697,922 - -
Change - 31.82% 31.19% 11.29% -25.05% 33.45% - -
Enterprise Value (EV) 1 1,865,864 2,468,056 3,291,263 3,645,608 2,734,406 3,651,456 3,649,432 3,797,491
Change - 32.27% 33.35% 10.77% -24.99% 33.54% -0.06% 4.06%
P/E 26.6x 35.2x 37.9x 36.5x 20.8x 25.3x 21.1x 17.2x
PBR 11.5x 12.3x 12.4x 10.8x 6.26x 6.48x 5.06x 3.94x
PEG - 113.23x 1.7x 2.3x 0.7x 2.6x 1.1x 0.8x
Capitalization / Revenue 9.69x 11.9x 13.6x 13.1x 8.35x 9.46x 7.91x 6.53x
EV / Revenue 9.41x 11.6x 13.4x 12.9x 8.24x 9.34x 7.81x 6.7x
EV / EBITDA 19.1x 23.8x 25x 22.4x 13.8x 15.3x 12.4x 10.3x
EV / EBIT 22.4x 27.5x 30.1x 28.4x 17.6x 20x 16.8x 14.5x
EV / FCF 28.6x 41.5x 44.4x 50.9x 40.8x 113x 79.7x 40.3x
FCF Yield 3.49% 2.41% 2.25% 1.96% 2.45% 0.89% 1.26% 2.48%
Dividend per Share 2 2.48 2.72 3 3.32 3.64 3.968 4.26 4.421
Rate of return 0.97% 0.8% 0.67% 0.67% 0.98% 0.8% 0.86% 0.89%
EPS 2 9.65 9.68 11.8 13.64 17.95 19.7 23.57 28.89
Distribution rate 25.7% 28.1% 25.4% 24.3% 20.3% 20.1% 18.1% 15.3%
Net sales 1 198,270 211,915 245,122 281,724 331,839 391,037 467,272 566,565
EBITDA 1 97,843 103,555 131,720 162,681 198,685 239,224 295,248 369,739
EBIT 1 83,383 89,694 109,433 128,528 155,237 182,180 217,066 261,531
Net income 1 72,738 72,361 88,136 101,832 133,749 146,972 175,768 212,952
Net Debt 1 -54,976 -64,025 -30,606 -51,414 -36,549 -46,466 -48,490 99,570
Reference price 2 256.83 340.54 446.95 497.41 373.02 498.00 498.00 498.00
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.28x9.34x15.26x0.8% 3,698B
121.22x52.83x85.74x-.--% 445B
442.12x18.87x74.59x-.--% 88.86B
63.04x13.31x28.07x-.--% 83.43B
103.03x8.76x22.21x-.--% 78.43B
34.97x1.7x13.59x-.--% 63.5B
190.66x6.07x23.49x-.--% 47.75B
33.12x6.91x33.18x-.--% 43.7B
111.55x4.41x21.4x-.--% 38.43B
Average 125.00x 13.58x 35.28x 0.09% 509.62B
Weighted average by Cap. 47.33x 13.60x 23.88x 0.64%

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

  1. Stock Market
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  3. MSFT Stock
  4. MSFT Stock
  5. Valuation Microsoft Corporation
-40%: Exceptional extension
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