Company Valuation: Mastercard Incorporated

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 353,053 334,328 399,971 483,302 512,648 487,482 - -
Change - -5.3% 19.63% 20.83% 6.07% -4.91% - -
Enterprise Value (EV) 1 359,060 340,943 406,472 492,756 520,750 494,931 492,438 489,810
Change - -5.05% 19.22% 21.23% 5.68% -4.96% -0.5% -0.53%
P/E 41x 34x 36.1x 37.9x 34.6x 28.5x 24.3x 21.1x
PBR 48.2x 52.8x 57.1x 73.6x 65.4x 47.4x 30.7x 20.7x
PEG - 2x 2.3x 2.2x 1.8x 1.7x 1.4x 1.4x
Capitalization / Revenue 18.7x 15x 15.9x 17.2x 15.6x 13.1x 11.7x 10.4x
EV / Revenue 19x 15.3x 16.2x 17.5x 15.9x 13.3x 11.8x 10.5x
EV / EBITDA 32.7x 25.4x 26.5x 28.4x 25.3x 21.2x 18.7x 16.5x
EV / EBIT 35x 26.9x 27.9x 30x 26.8x 22.4x 19.7x 17.4x
EV / FCF 39.6x 31.7x 35x 34.4x 31.7x 28.3x 24.7x 22.4x
FCF Yield 2.52% 3.15% 2.86% 2.9% 3.16% 3.53% 4.05% 4.46%
Dividend per Share 2 1.81 2.04 2.37 2.74 3.04 3.5 3.97 4.451
Rate of return 0.5% 0.59% 0.56% 0.52% 0.53% 0.63% 0.72% 0.81%
EPS 2 8.76 10.22 11.83 13.89 16.52 19.33 22.67 26.15
Distribution rate 20.7% 20% 20% 19.7% 18.4% 18.1% 17.5% 17%
Net sales 1 18,884 22,237 25,098 28,167 32,791 37,081 41,749 46,702
EBITDA 1 10,984 13,401 15,346 17,349 20,544 23,372 26,403 29,713
EBIT 1 10,258 12,651 14,547 16,452 19,401 22,131 25,048 28,168
Net income 1 8,687 9,930 11,195 12,874 14,968 17,093 19,516 21,912
Net Debt 1 6,007 6,615 6,501 9,454 8,102 7,448 4,956 2,328
Reference price 2 359.32 347.73 426.51 526.57 570.88 551.71 551.71 551.71
Nbr of stocks (in thousands) 982,557 961,460 937,776 917,831 897,996 883,584 - -
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.($)
58.39x - - - 936M
9.11x0x0.03x2.16% 324M
5.51x-0.03x-0.42x4.09% 176M
4.29x0.31x3.25x6.29% 172M
13.93x1.28x8.42x5.85% 151M
Average 18.25x 0.39x 2.82x 4.59% 351.84M
Weighted average by Cap. 34.92x 0.29x 2.14x 4.11%

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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