Company Valuation: Visa, Inc.

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 469,630 364,981 465,742 540,575 656,588 621,518 - -
Change - -22.28% 27.61% 16.07% 21.46% -5.34% - -
Enterprise Value (EV) 1 470,390 368,909 466,077 546,236 662,762 629,654 625,212 622,267
Change - -21.57% 26.34% 17.2% 21.33% -5% -0.71% -0.47%
P/E ratio 39.6x 25.4x 27.8x 28.3x 33.5x 25.9x 22.4x 19.9x
PBR 9.94x 10.7x 12.4x 14.3x 17.7x 17x 16x 11.8x
PEG - 1x 1.5x 1.6x 6.94x 1x 1.4x 1.5x
Capitalization / Revenue 19.5x 12.5x 14.3x 15x 16.4x 13.7x 12.4x 11.2x
EV / Revenue 19.5x 12.6x 14.3x 15.2x 16.6x 13.8x 12.4x 11.2x
EV / EBITDA 28.3x 18.8x 21.2x 21.5x 23.4x 19.7x 17.6x 15.9x
EV / EBIT 29.8x 19.6x 22.2x 22.5x 24.5x 20.6x 18.3x 16.5x
EV / FCF 32.4x 20.6x 23.7x 29.2x 30.7x 27.1x 22.8x 20.9x
FCF Yield 3.09% 4.85% 4.23% 3.42% 3.26% 3.7% 4.38% 4.79%
Dividend per Share 2 1.335 1.575 1.87 2.08 2.44 2.703 3.035 3.424
Rate of return 0.6% 0.89% 0.81% 0.76% 0.71% 0.82% 0.92% 1.04%
EPS 2 5.63 7 8.28 9.73 10.2 12.72 14.71 16.61
Distribution rate 23.7% 22.5% 22.6% 21.4% 23.9% 21.3% 20.6% 20.6%
Net sales 1 24,105 29,310 32,653 35,926 40,000 45,500 50,309 55,428
EBITDA 1 16,608 19,674 21,943 25,351 28,314 31,980 35,515 39,161
EBIT 1 15,804 18,813 21,000 24,317 27,094 30,621 34,134 37,702
Net income 1 12,311 14,957 17,273 19,743 20,058 24,321 27,422 30,161
Net Debt 1 760 3,928 335 5,661 6,174 8,136 3,693 749
Reference price 2 222.75 177.65 230.01 274.95 341.38 329.91 329.91 329.91
Nbr of stocks (in thousands) 2,108,330 2,054,493 2,024,878 1,966,086 1,923,336 1,883,903 - -
Announcement Date 10/26/21 10/25/22 10/24/23 10/29/24 10/28/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
25.94x13.84x19.69x0.82% 622B
29.81x1.49x8.62x-.--% 41.17B
8.62x1.19x6.06x1.22% 38.66B
9.73x2.73x6.34x-.--% 29.88B
16.14x5.38x10.17x-.--% 22.43B
-106.92x2.98x6.3x1.52% 18.58B
16.75x9.97x36.03x - 12.95B
120.14x6.99x107.21x-.--% 7.42B
11.85x2.2x5.22x6.2% 6.01B
11.9x2.86x6.63x-.--% 4.89B
Average 14.40x 4.96x 21.23x 1.08% 80.35B
Weighted average by Cap. 21.89x 11.42x 18.28x 0.79%

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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