Company Valuation: McDonald's Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 159,886 200,314 193,016 215,071 207,741 233,288 233,288 -
Change - 25.29% -3.64% 11.43% -3.41% 12.3% 0% -
Enterprise Value (EV) 1 191,634 231,228 226,335 247,645 245,080 256,855 273,165 273,080
Change - 20.66% -2.12% 9.41% -1.04% 4.8% 0.11% -0.03%
P/E ratio 34x 26.7x 31.6x 25.6x 25.5x 25.6x 24.8x 22.9x
PBR -20.4x -43.4x -32.5x -46.1x -55.1x -115x 270x 76.2x
PEG - 0.5x -1.9x 0.7x -17.34x 5.21x 2.3x 2.74x
Capitalization / Revenue 8.32x 8.63x 8.33x 8.44x 8.01x 8.1x 8.11x 7.69x
EV / Revenue 9.98x 9.96x 9.76x 9.71x 9.46x 9.55x 9.5x 9.01x
EV / EBITDA 21.8x 19.4x 21.1x 17.7x 17.4x 18.6x 17.2x 16.2x
EV / EBIT 27.2x 23x 21.8x 20.6x 20.4x 20.4x 20.1x 18.9x
EV / FCF 41.4x 32.6x 41.2x 34.1x 36.7x 35.7x 32x 30.3x
FCF Yield 2.41% 3.07% 2.42% 2.93% 2.72% 2.8% 3.13% 3.3%
Dividend per Share 2 5.04 5.25 5.66 6.23 6.78 7.17 7.47 7.906
Rate of return 2.35% 1.96% 2.15% 2.1% 2.34% 2.35% 2.28% 2.41%
EPS 2 6.31 10.04 8.33 11.56 11.39 11.95 13.22 14.32
Distribution rate 79.9% 52.3% 67.9% 53.9% 59.5% 60% 56.5% 55.2%
Net sales 1 19,208 23,223 23,183 25,494 25,920 26,885 28,767 30,319
EBITDA 1 8,807 11,939 10,751 13,991 14,100 14,668 15,882 16,875
EBIT 1 7,056 10,071 10,381 12,009 12,003 12,621 13,621 14,455
Net income 1 4,730 7,545 6,177 8,469 8,223 8,563 9,393 10,070
Net Debt 1 31,748 30,914 33,320 32,574 37,339 39,199 39,878 39,793
Reference price 2 214.58 268.07 263.53 296.51 289.89 327.58 327.58 327.58
Nbr of stocks (in thousands) 745,111 747,245 732,424 725,342 716,620 712,154 712,154 -
Announcement Date 28/01/21 27/01/22 31/01/23 05/02/24 10/02/25 11/02/26 - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.42x10.22x18.6x2.18% 233B
31.98x3.62x20.29x-.--% 47.28B
29.86x6.81x19.43x1.77% 44.48B
22.39x3.77x11.94x3.73% 22.91B
22.36x1.52x9.96x1.6% 19.54B
21.34x3.54x16.84x1.85% 12.69B
36.4x10.29x29.88x0.51% 6.16B
29.19x - - 0.79% 6.15B
18.3x1.76x7.38x4.14% 4.53B
Average 26.58x 5.19x 16.79x 1.84% 44.11B
Weighted average by Cap. 27.57x 7.91x 18.07x 1.9%

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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