Company Valuation: Mastercard, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 353,053 334,328 399,971 483,302 512,648 492,545 - -
Change - -5.3% 19.63% 20.83% 6.07% -3.92% - -
Enterprise Value (EV) 1 359,060 340,943 406,472 492,756 520,750 502,527 500,767 497,170
Change - -5.05% 19.22% 21.23% 5.68% -3.5% -0.35% -0.72%
P/E 41x 34x 36.1x 37.9x 34.6x 28.7x 24.5x 21.2x
PBR 48.2x 52.8x 57.1x 73.6x 65.4x 55.6x 33.9x 21.3x
PEG - 2x 2.3x 2.2x 1.8x 1.6x 1.4x 1.4x
Capitalization / Revenue 18.7x 15x 15.9x 17.2x 15.6x 13.2x 11.7x 10.5x
EV / Revenue 19x 15.3x 16.2x 17.5x 15.9x 13.5x 11.9x 10.6x
EV / EBITDA 32.7x 25.4x 26.5x 28.4x 25.3x 21.3x 18.8x 16.5x
EV / EBIT 35x 26.9x 27.9x 30x 26.8x 22.5x 19.8x 17.5x
EV / FCF 39.6x 31.7x 35x 34.4x 31.7x 29.3x 24.5x 21.9x
FCF Yield 2.52% 3.15% 2.86% 2.9% 3.16% 3.41% 4.08% 4.56%
Dividend per Share 2 1.81 2.04 2.37 2.74 3.04 3.557 3.907 4.392
Rate of return 0.5% 0.59% 0.56% 0.52% 0.53% 0.63% 0.69% 0.78%
EPS 2 8.76 10.22 11.83 13.89 16.52 19.57 22.97 26.55
Distribution rate 20.7% 20% 20% 19.7% 18.4% 18.2% 17% 16.5%
Net sales 1 18,884 22,237 25,098 28,167 32,791 37,257 41,968 47,010
EBITDA 1 10,984 13,401 15,346 17,349 20,544 23,550 26,638 30,057
EBIT 1 10,258 12,651 14,547 16,452 19,401 22,300 25,237 28,368
Net income 1 8,687 9,930 11,195 12,874 14,968 17,232 19,612 22,013
Net Debt 1 6,007 6,615 6,501 9,454 8,102 9,982 8,222 4,625
Reference price 2 359.32 347.73 426.51 526.57 570.88 562.26 562.26 562.26
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.($)
28.74x13.49x21.35x0.63% 493B
70.07x - - - 1.13B
10.32x0.16x3.48x1.71% 405M
4.59x0.28x3x6.63% 191M
14.1x1.31x8.56x5.78% 155M
Average 25.57x 3.81x 9.10x 3.69% 98.89B
Weighted average by Cap. 28.81x 13.47x 21.32x 0.64%

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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  4. Valuation Mastercard, Inc.