Financials MasterCard, Inc. Xetra

Equities

M4I

US57636Q1040

Internet Services

Market Closed - Xetra 16:35:59 17/05/2024 BST 5-day change 1st Jan Change
423.2 EUR -0.87% Intraday chart for MasterCard, Inc. -0.15% +9.71%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 301,237 355,843 353,053 334,328 399,971 427,874 - -
Enterprise Value (EV) 1 302,088 357,919 359,060 340,943 406,472 434,098 436,606 437,987
P/E ratio 37.6 x 56 x 41 x 34 x 36.1 x 32.3 x 27.8 x 23.9 x
Yield 0.47% 0.46% 0.5% 0.59% - 0.57% 0.64% 0.73%
Capitalization / Revenue 17.8 x 23.3 x 18.7 x 15 x 15.9 x 15.4 x 13.7 x 12.1 x
EV / Revenue 17.9 x 23.4 x 19 x 15.3 x 16.2 x 15.6 x 13.9 x 12.4 x
EV / EBITDA 29.7 x 41 x 32.7 x 25.4 x 26.5 x 25.4 x 22.3 x 19.8 x
EV / FCF 38.9 x 52 x 39.6 x 31.7 x 35 x 35.3 x 28.2 x 25.8 x
FCF Yield 2.57% 1.92% 2.52% 3.15% 2.86% 2.83% 3.54% 3.88%
Price to Book 51 x 55.6 x 48.2 x 52.8 x 57.1 x 46 x 33.7 x 23.6 x
Nbr of stocks (in thousands) 1,008,864 996,925 982,557 961,460 937,776 929,615 - -
Reference price 2 298.6 356.9 359.3 347.7 426.5 460.3 460.3 460.3
Announcement Date 29/01/20 28/01/21 27/01/22 26/01/23 31/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 16,883 15,301 18,884 22,237 25,098 27,835 31,329 35,269
EBITDA 1 10,186 8,734 10,984 13,401 15,346 17,114 19,574 22,139
EBIT 1 9,664 8,154 10,258 12,651 14,547 16,232 18,619 21,189
Operating Margin 57.24% 53.29% 54.32% 56.89% 57.96% 58.31% 59.43% 60.08%
Earnings before Tax (EBT) 1 9,731 7,760 10,307 11,732 13,639 15,893 18,324 20,899
Net income 1 8,118 6,411 8,687 9,930 11,195 13,172 15,060 17,102
Net margin 48.08% 41.9% 46% 44.66% 44.61% 47.32% 48.07% 48.49%
EPS 2 7.940 6.370 8.760 10.22 11.83 14.24 16.56 19.23
Free Cash Flow 1 7,761 6,885 9,056 10,753 11,609 12,291 15,470 17,002
FCF margin 45.97% 45% 47.96% 48.36% 46.25% 44.16% 49.38% 48.21%
FCF Conversion (EBITDA) 76.19% 78.83% 82.45% 80.24% 75.65% 71.82% 79.03% 76.8%
FCF Conversion (Net income) 95.6% 107.39% 104.25% 108.29% 103.7% 93.31% 102.72% 99.42%
Dividend per Share 2 1.390 1.640 1.810 2.040 - 2.629 2.935 3.344
Announcement Date 29/01/20 28/01/21 27/01/22 26/01/23 31/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 5,216 5,167 5,497 5,756 5,817 5,748 6,269 6,533 6,548 6,348 6,850 7,237 7,390 7,124 7,746
EBITDA 1 3,016 3,146 3,367 3,504 3,384 3,538 3,869 4,055 3,885 3,946 4,238 4,496 4,428 4,477 4,856
EBIT 1 2,827 2,954 3,178 3,319 3,200 3,347 3,677 3,844 3,680 3,730 4,022 4,264 4,201 4,248 4,629
Operating Margin 54.2% 57.17% 57.81% 57.66% 55.01% 58.23% 58.65% 58.84% 56.2% 58.76% 58.71% 58.92% 56.85% 59.62% 59.75%
Earnings before Tax (EBT) 1 2,823 2,773 2,798 3,072 3,089 2,853 3,704 3,761 3,321 3,558 3,946 4,198 4,119 4,151 4,534
Net income 1 2,379 2,631 2,275 2,499 2,525 2,361 2,845 3,198 2,791 3,011 3,267 3,461 3,412 3,450 3,772
Net margin 45.61% 50.92% 41.39% 43.42% 43.41% 41.08% 45.38% 48.95% 42.62% 47.43% 47.69% 47.83% 46.17% 48.42% 48.7%
EPS 2 2.410 2.680 2.340 2.580 2.620 2.470 3.000 3.390 2.970 3.220 3.516 3.747 3.716 3.766 4.137
Dividend per Share 2 0.4900 0.4900 0.4900 0.4900 0.5700 0.5700 0.5700 0.5700 - - 0.6479 0.6490 0.6690 0.7222 0.7222
Announcement Date 27/01/22 28/04/22 28/07/22 27/10/22 26/01/23 27/04/23 27/07/23 26/10/23 31/01/24 01/05/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 851 2,076 6,007 6,615 6,501 6,224 8,732 10,113
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.0835 x 0.2377 x 0.5469 x 0.4936 x 0.4236 x 0.3637 x 0.4461 x 0.4568 x
Free Cash Flow 1 7,761 6,885 9,056 10,753 11,609 12,291 15,470 17,002
ROE (net income / shareholders' equity) 141% 104% 127% 146% 169% 166% 148% 117%
ROA (Net income/ Total Assets) 29.3% 20.4% 23.4% 26% 27.6% 30.1% 32.3% 33%
Assets 1 27,665 31,410 37,140 38,197 40,586 43,762 46,609 51,764
Book Value Per Share 2 5.850 6.420 7.460 6.590 7.470 10.00 13.60 19.50
Cash Flow per Share 2 8.010 7.180 9.540 11.50 12.70 14.40 17.20 21.60
Capex 1 422 339 407 442 371 469 479 849
Capex / Sales 2.5% 2.22% 2.16% 1.99% 1.48% 1.68% 1.53% 2.41%
Announcement Date 29/01/20 28/01/21 27/01/22 26/01/23 31/01/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
39
Last Close Price
460.3 USD
Average target price
514.3 USD
Spread / Average Target
+11.73%
Consensus
  1. Stock Market
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  3. MA Stock
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  5. Financials MasterCard, Inc.