Company Valuation: Microsoft Corporation

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,920,840 2,532,081 3,321,869 3,697,022 2,770,955 3,757,772 - -
Change - 31.82% 31.19% 11.29% -25.05% 35.61% - -
Enterprise Value (EV) 1 1,865,864 2,468,056 3,291,263 3,645,608 2,734,406 3,711,306 3,709,282 3,857,341
Change - 32.27% 33.35% 10.77% -24.99% 35.73% -0.05% 3.99%
P/E 26.6x 35.2x 37.9x 36.5x 20.8x 25.7x 21.4x 17.6x
PBR 11.5x 12.3x 12.4x 10.8x 6.26x 6.58x 5.15x 4.01x
PEG - 113.23x 1.7x 2.3x 0.7x 2.64x 1.1x 0.8x
Capitalization / Revenue 9.69x 11.9x 13.6x 13.1x 8.35x 9.61x 8.02x 6.62x
EV / Revenue 9.41x 11.6x 13.4x 12.9x 8.24x 9.49x 7.92x 6.8x
EV / EBITDA 19.1x 23.8x 25x 22.4x 13.8x 15.5x 12.5x 10.4x
EV / EBIT 22.4x 27.5x 30.1x 28.4x 17.6x 20.4x 17.1x 14.7x
EV / FCF 28.6x 41.5x 44.4x 50.9x 40.8x 115x 81.5x 44x
FCF Yield 3.49% 2.41% 2.25% 1.96% 2.45% 0.87% 1.23% 2.27%
Dividend per Share 2 2.48 2.72 3 3.32 3.64 3.898 4.26 4.421
Rate of return 0.97% 0.8% 0.67% 0.67% 0.98% 0.77% 0.84% 0.87%
EPS 2 9.65 9.68 11.8 13.64 17.95 19.7 23.64 28.76
Distribution rate 25.7% 28.1% 25.4% 24.3% 20.3% 19.8% 18% 15.4%
Net sales 1 198,270 211,915 245,122 281,724 331,839 391,158 468,329 567,246
EBITDA 1 97,843 103,555 131,720 162,681 198,685 240,191 296,027 369,739
EBIT 1 83,383 89,694 109,433 128,528 155,237 182,015 217,016 262,589
Net income 1 72,738 72,361 88,136 101,832 133,749 146,991 176,329 212,963
Net Debt 1 -54,976 -64,025 -30,606 -51,414 -36,549 -46,466 -48,490 99,570
Reference price 2 256.83 340.54 446.95 497.41 373.02 506.06 506.06 506.06
Nbr of stocks (in thousands) 7,479,033 7,435,488 7,432,306 7,432,544 7,428,435 7,425,545 - -
Announcement Date 26/07/22 25/07/23 30/07/24 30/07/25 29/07/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.69x9.49x15.45x0.77% 3,758B
116.03x49.95x80.93x-.--% 421B
460.69x19.94x78.45x-.--% 93.64B
69.13x14.58x30.74x-.--% 91.41B
152.55x8.92x22.76x-.--% 78.83B
38.4x2.03x16.02x-.--% 70.31B
117.74x5.46x26.07x-.--% 47.41B
-279.36x5.81x19.24x-.--% 38.54B
29.08x6x28.75x-.--% 38.4B
Average 81.11x 13.57x 35.38x 0.09% 515.27B
Weighted average by Cap. 44.32x 13.25x 23.35x 0.62%

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 Microsoft Corporation