Company Valuation: Mastercard, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 353,053 334,328 399,971 483,302 512,648 502,041 - -
Change - -5.3% 19.63% 20.83% 6.07% -2.07% - -
Enterprise Value (EV) 1 359,060 340,943 406,472 492,756 520,750 510,637 509,103 506,419
Change - -5.05% 19.22% 21.23% 5.68% -1.94% -0.3% -0.53%
P/E 41x 34x 36.1x 37.9x 34.6x 29.3x 25x 21.6x
PBR 48.2x 52.8x 57.1x 73.6x 65.4x 56.1x 30.8x 19.2x
PEG - 2x 2.3x 2.2x 1.8x 1.6x 1.5x 1.4x
Capitalization / Revenue 18.7x 15x 15.9x 17.2x 15.6x 13.5x 12x 10.7x
EV / Revenue 19x 15.3x 16.2x 17.5x 15.9x 13.7x 12.1x 10.8x
EV / EBITDA 32.7x 25.4x 26.5x 28.4x 25.3x 21.7x 19.2x 16.9x
EV / EBIT 35x 26.9x 27.9x 30x 26.8x 22.9x 20.2x 17.9x
EV / FCF 39.6x 31.7x 35x 34.4x 31.7x 29.8x 25.1x 22.4x
FCF Yield 2.52% 3.15% 2.86% 2.9% 3.16% 3.36% 3.98% 4.47%
Dividend per Share 2 1.81 2.04 2.37 2.74 3.04 3.579 3.95 4.463
Rate of return 0.5% 0.59% 0.56% 0.52% 0.53% 0.62% 0.69% 0.78%
EPS 2 8.76 10.22 11.83 13.89 16.52 19.55 22.89 26.49
Distribution rate 20.7% 20% 20% 19.7% 18.4% 18.3% 17.3% 16.8%
Net sales 1 18,884 22,237 25,098 28,167 32,791 37,248 41,902 46,953
EBITDA 1 10,984 13,401 15,346 17,349 20,544 23,545 26,566 29,975
EBIT 1 10,258 12,651 14,547 16,452 19,401 22,318 25,182 28,305
Net income 1 8,687 9,930 11,195 12,874 14,968 17,256 19,627 22,056
Net Debt 1 6,007 6,615 6,501 9,454 8,102 8,596 7,062 4,378
Reference price 2 359.32 347.73 426.51 526.57 570.88 573.10 573.10 573.10
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.($)
70.4x - - - 1.13B
8.79x-0.01x-0.24x2.24% 319M
4.34x0.26x2.89x6.96% 178M
13.8x1.27x8.32x5.9% 150M
Average 24.33x 0.51x 3.66x 5.03% 444.61M
Weighted average by Cap. 47.96x 0.36x 2.60x 4.38%

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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  5. Valuation Mastercard, Inc.