Company Valuation: Microsoft Corporation

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 2,040,304 1,920,840 2,532,081 3,321,869 3,697,022 3,591,028 - -
Change - -5.86% 31.82% 31.19% 11.29% -2.87% - -
Enterprise Value (EV) 1 1,968,116 1,865,864 2,468,056 3,291,263 3,645,608 3,526,991 3,501,411 3,451,773
Change - -5.2% 32.27% 33.35% 10.77% -3.25% -0.73% -1.42%
P/E ratio 33.7x 26.6x 35.2x 37.9x 36.5x 30.7x 25.9x 22x
PBR 14.3x 11.5x 12.3x 12.4x 10.8x 8.08x 6.23x 5x
PEG - 1.3x 113.23x 1.7x 2.3x 2x 1.4x 1.2x
Capitalization / Revenue 12.1x 9.69x 11.9x 13.6x 13.1x 11x 9.54x 8.25x
EV / Revenue 11.7x 9.41x 11.6x 13.4x 12.9x 10.8x 9.3x 7.93x
EV / EBITDA 24.1x 19.1x 23.8x 25x 22.4x 17.7x 15.1x 12.4x
EV / EBIT 28.1x 22.4x 27.5x 30.1x 28.4x 23.4x 20.2x 17.1x
EV / FCF 35.1x 28.6x 41.5x 44.4x 50.9x 46.6x 40.5x 29.6x
FCF Yield 2.85% 3.49% 2.41% 2.25% 1.96% 2.15% 2.47% 3.37%
Dividend per Share 2 2.24 2.48 2.72 3 3.32 3.572 4.006 4.255
Rate of return 0.83% 0.97% 0.8% 0.67% 0.67% 0.74% 0.83% 0.88%
EPS 2 8.05 9.65 9.68 11.8 13.64 15.75 18.66 21.99
Distribution rate 27.8% 25.7% 28.1% 25.4% 24.3% 22.7% 21.5% 19.3%
Net sales 1 168,088 198,270 211,915 245,122 281,724 327,318 376,375 435,309
EBITDA 1 81,602 97,843 103,555 131,720 162,681 199,730 232,205 277,348
EBIT 1 69,916 83,383 89,694 109,433 128,528 150,531 173,507 202,296
Net income 1 61,271 72,738 72,361 88,136 101,832 117,234 138,738 162,963
Net Debt 1 -72,188 -54,976 -64,025 -30,606 -51,414 -64,037 -89,617 -139,255
Reference price 2 270.90 256.83 340.54 446.95 497.41 483.16 483.16 483.16
Nbr of stocks (in thousands) 7,531,575 7,479,033 7,435,488 7,432,306 7,432,544 7,432,378 - -
Announcement Date 7/27/21 7/26/22 7/25/23 7/30/24 7/30/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
30.73x10.79x17.64x0.74% 3,591B
313.79x96.72x195.38x-.--% 433B
86.27x17.27x36.14x-.--% 91.88B
89.75x14.24x34.46x-.--% 88.95B
267.26x84.97x256.51x0.11% 80.82B
49.29x3.21x20.53x-.--% 79.32B
-61.9x9.9x41.25x-.--% 67.58B
-125.85x7.17x47.66x-.--% 45.8B
-883.01x6.12x22.94x-.--% 41.92B
26.2x4.68x13.24x1.12% 36.41B
Average -20.75x 25.51x 68.57x 0.2% 455.69B
Weighted average by Cap. 53.04x 20.20x 40.19x 0.59%
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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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