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 3,650,769 - -
Change - 31.82% 31.19% 11.29% -25.05% 31.75% - -
Enterprise Value (EV) 1 1,865,864 2,468,056 3,291,263 3,645,608 2,734,406 3,604,304 3,602,279 3,750,339
Change - 32.27% 33.35% 10.77% -24.99% 31.81% -0.06% 4.11%
P/E 26.6x 35.2x 37.9x 36.5x 20.8x 25x 20.9x 17.1x
PBR 11.5x 12.3x 12.4x 10.8x 6.26x 6.39x 5x 3.89x
PEG - 113.23x 1.7x 2.3x 0.7x 2.58x 1.1x 0.8x
Capitalization / Revenue 9.69x 11.9x 13.6x 13.1x 8.35x 9.34x 7.81x 6.44x
EV / Revenue 9.41x 11.6x 13.4x 12.9x 8.24x 9.22x 7.71x 6.61x
EV / EBITDA 19.1x 23.8x 25x 22.4x 13.8x 15.1x 12.2x 10.1x
EV / EBIT 22.4x 27.5x 30.1x 28.4x 17.6x 19.8x 16.6x 14.3x
EV / FCF 28.6x 41.5x 44.4x 50.9x 40.8x 112x 79.2x 42.8x
FCF Yield 3.49% 2.41% 2.25% 1.96% 2.45% 0.89% 1.26% 2.34%
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% 0.79% 0.87% 0.9%
EPS 2 9.65 9.68 11.8 13.64 17.95 19.69 23.57 28.76
Distribution rate 25.7% 28.1% 25.4% 24.3% 20.3% 19.8% 18.1% 15.4%
Net sales 1 198,270 211,915 245,122 281,724 331,839 391,082 467,322 567,246
EBITDA 1 97,843 103,555 131,720 162,681 198,685 238,986 294,297 369,739
EBIT 1 83,383 89,694 109,433 128,528 155,237 182,161 216,834 262,387
Net income 1 72,738 72,361 88,136 101,832 133,749 146,916 175,735 212,199
Net Debt 1 -54,976 -64,025 -30,606 -51,414 -36,549 -46,466 -48,490 99,570
Reference price 2 256.83 340.54 446.95 497.41 373.02 491.65 491.65 491.65
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.($)
24.99x9.22x15.06x0.79% 3,651B
111.07x48.29x78.37x-.--% 407B
59.22x12.51x26.39x-.--% 78.38B
399.34x17.09x67.55x-.--% 80.89B
99x8.45x21.41x-.--% 75.36B
36.67x1.8x14.38x-.--% 66.58B
179.63x5.71x22.07x-.--% 44.99B
114.6x4.53x22.14x-.--% 39.48B
26.44x5.45x26.14x-.--% 34.89B
Average 116.77x 12.56x 32.61x 0.09% 497.64B
Weighted average by Cap. 43.95x 12.74x 22.28x 0.65%

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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