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 2,834,542 - -
Change - -5.86% 31.82% 31.19% 11.29% -23.33% - -
Enterprise Value (EV) 1 1,968,116 1,865,864 2,468,056 3,291,263 3,645,608 2,778,343 2,800,579 2,804,780
Change - -5.2% 32.27% 33.35% 10.77% -23.79% 0.8% 0.15%
P/E 33.7x 26.6x 35.2x 37.9x 36.5x 22x 19.6x 16.7x
PBR 14.3x 11.5x 12.3x 12.4x 10.8x 6.36x 4.85x 3.87x
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 8.6x 7.36x 6.21x
EV / Revenue 11.7x 9.41x 11.6x 13.4x 12.9x 8.43x 7.28x 6.15x
EV / EBITDA 24.1x 19.1x 23.8x 25x 22.4x 14x 11.7x 9.59x
EV / EBIT 28.1x 22.4x 27.5x 30.1x 28.4x 18.1x 15.6x 13.3x
EV / FCF 35.1x 28.6x 41.5x 44.4x 50.9x 43.1x 49.1x 43.4x
FCF Yield 2.85% 3.49% 2.41% 2.25% 1.96% 2.32% 2.04% 2.3%
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% 0.96% 1.01% 1.12%
EPS 2 8.05 9.65 9.68 11.8 13.64 17.34 19.52 22.88
Distribution rate 27.8% 25.7% 28.1% 25.4% 24.3% 21.2% 19.8% 18.7%
Net sales 1 168,088 198,270 211,915 245,122 281,724 329,553 384,874 456,115
EBITDA 1 81,602 97,843 103,555 131,720 162,681 199,047 239,800 292,506
EBIT 1 69,916 83,383 89,694 109,433 128,528 153,727 179,056 210,142
Net income 1 61,271 72,738 72,361 88,136 101,832 129,195 145,514 169,262
Net Debt 1 -72,188 -54,976 -64,025 -30,606 -51,414 -56,199 -33,963 -29,762
Reference price 2 270.90 256.83 340.54 446.95 497.41 381.58 381.58 381.58
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 7/27/21 7/26/22 7/25/23 7/30/24 7/30/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
92.34x37.21x62.21x-.--% 296B
118.18x37.72x119.3x0.15% 116B
74.92x15.06x32.83x-.--% 91.15B
443.94x19.04x76.56x-.--% 86.99B
139.97x8.24x21.04x-.--% 71.52B
34.9x1.83x14.33x-.--% 60.94B
118.57x4.97x24.59x-.--% 42.75B
-33.37x4.37x20.94x-.--% 34.04B
86.67x4.46x21.49x-.--% 28.09B
Average 119.57x 14.77x 43.70x 0.02% 91.9B
Weighted average by Cap. 126.90x 23.69x 56.36x 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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