Company Valuation: Mastercard, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 353,053 334,328 399,971 483,302 512,648 556,880 - -
Change - -5.3% 19.63% 20.83% 6.07% 8.63% - -
Enterprise Value (EV) 1 359,060 340,943 406,472 492,756 520,750 566,536 565,017 562,233
Change - -5.05% 19.22% 21.23% 5.68% 8.79% -0.27% -0.49%
P/E 41x 34x 36.1x 37.9x 34.6x 32.5x 27.7x 23.8x
PBR 48.2x 52.8x 57.1x 73.6x 65.4x 66.1x 44.5x 29.9x
PEG - 2x 2.3x 2.2x 1.8x 1.8x 1.6x 1.5x
Capitalization / Revenue 18.7x 15x 15.9x 17.2x 15.6x 14.9x 13.3x 11.9x
EV / Revenue 19x 15.3x 16.2x 17.5x 15.9x 15.2x 13.5x 12x
EV / EBITDA 32.7x 25.4x 26.5x 28.4x 25.3x 24x 21.2x 18.6x
EV / EBIT 35x 26.9x 27.9x 30x 26.8x 25.4x 22.3x 19.7x
EV / FCF 39.6x 31.7x 35x 34.4x 31.7x 33.3x 27.5x 24.6x
FCF Yield 2.52% 3.15% 2.86% 2.9% 3.16% 3% 3.63% 4.06%
Dividend per Share 2 1.81 2.04 2.37 2.74 3.04 3.497 3.882 4.375
Rate of return 0.5% 0.59% 0.56% 0.52% 0.53% 0.55% 0.61% 0.69%
EPS 2 8.76 10.22 11.83 13.89 16.52 19.56 22.99 26.71
Distribution rate 20.7% 20% 20% 19.7% 18.4% 17.9% 16.9% 16.4%
Net sales 1 18,884 22,237 25,098 28,167 32,791 37,278 41,983 46,993
EBITDA 1 10,984 13,401 15,346 17,349 20,544 23,575 26,683 30,255
EBIT 1 10,258 12,651 14,547 16,452 19,401 22,334 25,308 28,552
Net income 1 8,687 9,930 11,195 12,874 14,968 17,244 19,642 22,228
Net Debt 1 6,007 6,615 6,501 9,454 8,102 9,656 8,137 5,354
Reference price 2 359.32 347.73 426.51 526.57 570.88 635.70 635.70 635.70
Nbr of stocks (in thousands) 982,557 961,460 937,776 917,831 897,996 876,010 - -
Announcement Date 27/01/22 26/01/23 31/01/24 30/01/25 29/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.77x7.65x16.35x0.27% 3,481B
21.04x6.15x11.02x0.35% 1,596B
31.2x14.6x23.09x0.57% 557B
13.35x3.55x8.22x1.52% 433B
17.3x5.12x15.33x-.--% 255B
19.06x1.39x9.39x1.08% 247B
103.94x13.8x74.12x-.--% 215B
20.56x2.34x11.91x-.--% 134B
40.91x4.73x31.2x-.--% 115B
Average 31.46x 6.59x 22.29x 0.42% 781.43B
Weighted average by Cap. 21.40x 7.33x 16.81x 0.39%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Mastercard, Inc.

Historical PBR trend

Valuation ratios - PBR - Mastercard, Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Mastercard, Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Mastercard, Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Mastercard, Inc.