Company Valuation: Mastercard, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 353,053 334,328 399,971 483,302 512,648 440,060 - -
Change - -5.3% 19.63% 20.83% 6.07% -14.16% - -
Enterprise Value (EV) 1 359,060 340,943 406,472 492,756 520,750 447,563 445,085 439,254
Change - -5.05% 19.22% 21.23% 5.68% -14.05% -0.55% -1.31%
P/E ratio 41x 34x 36.1x 37.9x 34.6x 25.8x 22x 19.1x
PBR 48.2x 52.8x 57.1x 73.6x 65.4x 42.6x 27.6x 18.6x
PEG - 2x 2.3x 2.2x 1.8x 1.5x 1.3x 1.3x
Capitalization / Revenue 18.7x 15x 15.9x 17.2x 15.6x 11.9x 10.6x 9.42x
EV / Revenue 19x 15.3x 16.2x 17.5x 15.9x 12.1x 10.7x 9.4x
EV / EBITDA 32.7x 25.4x 26.5x 28.4x 25.3x 19.1x 16.9x 14.8x
EV / EBIT 35x 26.9x 27.9x 30x 26.8x 20.2x 17.8x 15.6x
EV / FCF 39.6x 31.7x 35x 34.4x 31.7x 25.6x 21.8x 19.2x
FCF Yield 2.52% 3.15% 2.86% 2.9% 3.16% 3.91% 4.58% 5.21%
Dividend per Share 2 1.81 2.04 2.37 2.74 3.04 3.48 3.896 4.281
Rate of return 0.5% 0.59% 0.56% 0.52% 0.53% 0.7% 0.78% 0.86%
EPS 2 8.76 10.22 11.83 13.89 16.52 19.33 22.65 26.1
Distribution rate 20.7% 20% 20% 19.7% 18.4% 18% 17.2% 16.4%
Net sales 1 18,884 22,237 25,098 28,167 32,791 37,067 41,694 46,740
EBITDA 1 10,984 13,401 15,346 17,349 20,544 23,386 26,406 29,678
EBIT 1 10,258 12,651 14,547 16,452 19,401 22,145 25,021 28,164
Net income 1 8,687 9,930 11,195 12,874 14,968 17,111 19,508 21,853
Net Debt 1 6,007 6,615 6,501 9,454 8,102 7,503 5,025 -806
Reference price 2 359.32 347.73 426.51 526.57 570.88 498.04 498.04 498.04
Nbr of stocks (in thousands) 982,557 961,460 937,776 917,831 897,996 883,584 - -
Announcement Date 1/27/22 1/26/23 1/31/24 1/30/25 1/29/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.76x12.07x19.14x0.7% 440B
77.89x - - 1.35% 1.27B
11.49x0.13x2.77x1.57% 421M
4.86x0.35x3.37x5.44% 179M
Average 30.00x 4.19x 8.43x 2.26% 110.48B
Weighted average by Cap. 25.89x 12.06x 19.12x 0.7%

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
  2. Equities
  3. MA Stock
  4. Valuation Mastercard, Inc.