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 3,695,397 - -
Change - 31.82% 31.19% 11.29% -25.05% 33.36% - -
Enterprise Value (EV) 1 1,865,864 2,468,056 3,291,263 3,645,608 2,734,406 3,648,931 3,646,907 3,794,967
Change - 32.27% 33.35% 10.77% -24.99% 33.45% -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 6.47x 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 9.45x 7.91x 6.5x
EV / Revenue 9.41x 11.6x 13.4x 12.9x 8.24x 9.33x 7.8x 6.68x
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 14.4x
EV / FCF 28.6x 41.5x 44.4x 50.9x 40.8x 113x 79.6x 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 23.59 28.89
Distribution rate 25.7% 28.1% 25.4% 24.3% 20.3% 20.1% 18.1% 15.3%
Net sales 1 198,270 211,915 245,122 281,724 331,839 391,039 467,439 568,207
EBITDA 1 97,843 103,555 131,720 162,681 198,685 238,986 294,297 369,739
EBIT 1 83,383 89,694 109,433 128,528 155,237 182,205 216,963 263,201
Net income 1 72,738 72,361 88,136 101,832 133,749 146,958 175,853 212,952
Net Debt 1 -54,976 -64,025 -30,606 -51,414 -36,549 -46,466 -48,490 99,570
Reference price 2 256.83 340.54 446.95 497.41 373.02 497.66 497.66 497.66
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 7/26/22 7/25/23 7/30/24 7/30/25 7/29/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.89x9.19x15.04x0.81% 3,641B
114.24x49.7x80.67x-.--% 419B
412.31x17.53x69.3x-.--% 82.87B
58.24x12.31x25.95x-.--% 77.08B
95.28x8.16x20.67x-.--% 72.53B
34.91x1.69x13.56x-.--% 63.39B
192.31x6.14x23.7x-.--% 48.17B
114.96x4.54x22.07x-.--% 39.6B
27.8x5.74x27.57x-.--% 36.69B
Average 119.44x 12.78x 33.17x 0.09% 497.78B
Weighted average by Cap. 44.89x 12.96x 22.70x 0.66%

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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  3. MSFT Stock
  4. MSFT Stock
  5. Valuation Microsoft Corporation
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