Company Valuation: Mastercard, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 353,053 334,328 399,971 483,302 512,648 496,330 - -
Change - -5.3% 19.63% 20.83% 6.07% -3.18% - -
Enterprise Value (EV) 1 359,060 340,943 406,472 492,756 520,750 506,290 504,543 500,954
Change - -5.05% 19.22% 21.23% 5.68% -2.78% -0.35% -0.71%
P/E 41x 34x 36.1x 37.9x 34.6x 29x 24.7x 21.3x
PBR 48.2x 52.8x 57.1x 73.6x 65.4x 58.8x 39.7x 26.7x
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 13.3x 11.8x 10.6x
EV / Revenue 19x 15.3x 16.2x 17.5x 15.9x 13.6x 12x 10.7x
EV / EBITDA 32.7x 25.4x 26.5x 28.4x 25.3x 21.5x 18.9x 16.6x
EV / EBIT 35x 26.9x 27.9x 30x 26.8x 22.7x 20x 17.7x
EV / FCF 39.6x 31.7x 35x 34.4x 31.7x 29.8x 24.7x 22.1x
FCF Yield 2.52% 3.15% 2.86% 2.9% 3.16% 3.35% 4.05% 4.52%
Dividend per Share 2 1.81 2.04 2.37 2.74 3.04 3.555 3.89 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 19.55 22.95 26.54
Distribution rate 20.7% 20% 20% 19.7% 18.4% 18.2% 16.9% 16.5%
Net sales 1 18,884 22,237 25,098 28,167 32,791 37,259 41,959 46,952
EBITDA 1 10,984 13,401 15,346 17,349 20,544 23,584 26,660 30,113
EBIT 1 10,258 12,651 14,547 16,452 19,401 22,299 25,235 28,339
Net income 1 8,687 9,930 11,195 12,874 14,968 17,235 19,585 22,015
Net Debt 1 6,007 6,615 6,501 9,454 8,102 9,960 8,213 4,625
Reference price 2 359.32 347.73 426.51 526.57 570.88 566.58 566.58 566.58
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.($)
16.85x8.23x17.58x0.25% 4,235B
23.71x7.49x13.17x0.29% 1,882B
28.98x13.59x21.47x0.63% 496B
19.17x5.68x17.06x-.--% 286B
21.1x1.54x10.61x1% 272B
102.34x13.49x72.42x-.--% 212B
21.72x2.48x12.62x-.--% 141B
3.08x86.18x2.35x0.13% 114B
8.03x0.89x3.84x-.--% 112B
Average 27.22x 15.51x 19.01x 0.25% 861.1B
Weighted average by Cap. 21.62x 9.15x 17.48x 0.28%

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.
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