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 3,890,435 - -
Change - 31.82% 31.19% 11.29% -25.05% 40.4% - -
Enterprise Value (EV) 1 1,865,864 2,468,056 3,291,263 3,645,608 2,734,406 3,876,310 3,864,112 3,920,494
Change - 32.27% 33.35% 10.77% -24.99% 41.76% -0.31% 1.46%
P/E 26.6x 35.2x 37.9x 36.5x 20.8x 26.3x 21.8x 17.7x
PBR 11.5x 12.3x 12.4x 10.8x 6.26x 6.79x 5.26x 4.13x
PEG - 113.23x 1.7x 2.3x 0.7x 2.4x 1.1x 0.8x
Capitalization / Revenue 9.69x 11.9x 13.6x 13.1x 8.35x 9.83x 8.15x 6.65x
EV / Revenue 9.41x 11.6x 13.4x 12.9x 8.24x 9.79x 8.1x 6.7x
EV / EBITDA 19.1x 23.8x 25x 22.4x 13.8x 15.9x 12.8x 10.3x
EV / EBIT 22.4x 27.5x 30.1x 28.4x 17.6x 20.9x 17.3x 14.3x
EV / FCF 28.6x 41.5x 44.4x 50.9x 40.8x 119x 82.2x 41.5x
FCF Yield 3.49% 2.41% 2.25% 1.96% 2.45% 0.84% 1.22% 2.41%
Dividend per Share 2 2.48 2.72 3 3.32 3.64 3.943 4.242 4.437
Rate of return 0.97% 0.8% 0.67% 0.67% 0.98% 0.75% 0.81% 0.85%
EPS 2 9.65 9.68 11.8 13.64 17.95 19.92 24.05 29.64
Distribution rate 25.7% 28.1% 25.4% 24.3% 20.3% 19.8% 17.6% 15%
Net sales 1 198,270 211,915 245,122 281,724 331,839 395,962 477,139 584,877
EBITDA 1 97,843 103,555 131,720 162,681 198,685 244,082 301,078 381,523
EBIT 1 83,383 89,694 109,433 128,528 155,237 185,842 223,114 273,727
Net income 1 72,738 72,361 88,136 101,832 133,749 148,825 178,826 217,488
Net Debt 1 -54,976 -64,025 -30,606 -51,414 -36,549 -14,124 -26,322 30,059
Reference price 2 256.83 340.54 446.95 497.41 373.02 523.88 523.88 523.88
Nbr of stocks (in thousands) 7,479,033 7,435,488 7,432,306 7,432,544 7,428,435 7,426,195 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.3x9.79x15.88x0.75% 3,890B
100.37x45.91x74.02x-.--% 405B
18.78x5.6x9.72x1.63% 391B
29.73x6.04x18.76x1.26% 272B
209.1x18.14x53.1x-.--% 263B
1869.1x37.84x123.79x-.--% 233B
25.16x16.17x19.26x-.--% 136B
71.54x6.54x17.12x-.--% 106B
13.31x3.54x7.41x-.--% 94.61B
39.39x10.83x27.97x-.--% 93.47B
Average 240.28x 16.04x 36.70x 0.36% 588B
Weighted average by Cap. 112.85x 13.31x 25.69x 0.66%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Microsoft Corporation

Historical PBR trend

Valuation ratios - PBR - Microsoft Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Microsoft Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Microsoft Corporation


Year-on-year evolution of the Yield

Valuation ratios - Yield - Microsoft Corporation
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