Financials Microsoft Corporation

Equities

MSFT

US5949181045

Software

Market Closed - Nasdaq Other stock markets 21:00:00 04/12/2024 GMT			After market 22:10:18
437.42 ^USD	+1.44%		436.90	-0.12%

09:48pm	Microsoft Is in the FTC Crosshairs	MT
09:40pm	Microsoft Seeks Probe Into FTC Disclosure Practice of Non-Public Information to Media	MT

Projected Income Statement: Microsoft Corporation

income-statement-evolution-chart MICROSOFT-CORPORATION

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	143,015	168,088	198,270	211,915	245,122	278,695	318,779	367,294
Change	-	17.53%	17.96%	6.88%	15.67%	13.7%	14.38%	15.22%
EBITDA ¹	65,755	81,602	97,843	103,555	131,720	150,311	173,522	201,760
Change	-	24.1%	19.9%	5.84%	27.2%	14.11%	15.44%	16.27%
EBIT ¹	52,959	69,916	83,383	89,694	109,433	123,275	140,943	163,459
Change	-	32.02%	19.26%	7.57%	22.01%	12.65%	14.33%	15.98%
Interest Paid ¹	77	1,186	333	788	-1,646	-4,236	-3,922	-2,773
Earnings before Tax (EBT) ¹	53,036	71,102	83,716	89,311	107,787	119,809	137,668	161,418
Change	-	34.06%	17.74%	6.68%	20.69%	11.15%	14.91%	17.25%
Net income ¹	44,281	61,271	72,738	72,361	88,136	97,396	111,884	130,802
Change	-	38.37%	18.72%	-0.52%	21.8%	10.51%	14.88%	16.91%
Announcement Date	22/07/20	27/07/21	26/07/22	25/07/23	30/07/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: June	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	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	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	36,906	35,021	38,033	37,154	43,076	41,706	46,152	45,317	51,728	49,360	51,865	50,122	52,747	52,857	56,189	56,517	62,020	61,858	64,727	65,585	68,912	69,952	73,587	74,416	78,470	79,764	83,692	85,097
Change	-	-5.11%	8.6%	-2.31%	15.94%	-3.18%	10.66%	-1.81%	14.15%	-4.58%	5.07%	-3.36%	5.24%	0.21%	6.3%	0.58%	9.74%	-0.26%	4.64%	1.33%	5.07%	1.51%	5.2%	1.13%	5.45%	1.65%	4.92%	1.68%
EBITDA ¹	17,094	16,093	16,911	18,521	20,658	19,984	22,439	23,450	25,743	24,137	24,513	24,308	25,218	25,901	28,128	30,816	32,991	33,608	34,305	37,935	36,448	36,971	38,094	41,023	41,033	41,589	43,249	47,204
Change	-	-5.86%	5.08%	9.52%	11.54%	-3.26%	12.28%	4.51%	9.78%	-6.24%	1.56%	-0.84%	3.74%	2.71%	8.6%	9.56%	7.06%	1.87%	2.07%	10.58%	-3.92%	1.44%	3.04%	7.69%	0.02%	1.35%	3.99%	9.15%
EBIT ¹	13,891	12,975	13,407	15,876	17,897	17,048	19,095	20,238	22,247	20,364	20,534	21,518	21,570	22,352	24,254	26,895	27,032	27,581	27,925	30,552	30,358	30,545	31,632	33,522	34,097	34,943	36,308	38,529
Change	-	-6.59%	3.33%	18.42%	12.73%	-4.74%	12.01%	5.99%	9.93%	-8.46%	0.83%	4.79%	0.24%	3.63%	8.51%	10.89%	0.51%	2.03%	1.25%	9.41%	-0.63%	0.61%	3.56%	5.98%	1.71%	2.48%	3.91%	6.12%
Charge d'intérêts ¹	-	-132	15	248	440	188	-	-	-	-	-47	54	-	321	473	389	-506	-854	-675	-283	-1,496	-1,219	-1,211	-1,050	-1,060	-1,100	-1,110	-
Earnings before Tax (EBT) ¹	14,085	12,843	13,422	16,124	18,337	17,236	19,405	20,524	22,515	20,190	20,487	21,572	20,339	22,673	24,727	27,284	26,526	26,727	27,250	30,269	28,858	29,180	30,237	32,228	32,935	33,833	35,305	38,309
Change	-	-8.82%	4.51%	20.13%	13.72%	-6%	12.58%	5.77%	9.7%	-10.33%	1.47%	5.3%	-5.72%	11.48%	9.06%	10.34%	-2.78%	0.76%	1.96%	11.08%	-4.66%	1.11%	3.62%	6.58%	2.2%	2.72%	4.35%	8.51%
Net income ¹	11,649	10,752	11,202	13,893	15,463	15,457	16,458	20,505	18,765	16,728	16,740	17,556	16,425	18,299	20,081	22,291	21,870	21,939	22,036	24,667	23,418	23,655	24,525	26,248	26,768	27,438	28,616	31,124
Change	-	-7.7%	4.19%	24.02%	11.3%	-0.04%	6.48%	24.59%	-8.49%	-10.86%	0.07%	4.87%	-6.44%	11.41%	9.74%	11.01%	-1.89%	0.32%	0.44%	11.94%	-5.06%	1.01%	3.68%	7.02%	1.98%	2.5%	4.29%	8.77%
Announcement Date	29/01/20	29/04/20	22/07/20	27/10/20	26/01/21	27/04/21	27/07/21	26/10/21	25/01/22	26/04/22	26/07/22	25/10/22	24/01/23	25/04/23	25/07/23	24/10/23	30/01/24	25/04/24	30/07/24	30/10/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Microsoft Corporation

balance-sheet-analysis-chart MICROSOFT-CORPORATION

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-73,200	-72,188	-54,976	-64,025	-30,606	-49,572	-97,882	-171,236
Change	-	-198.62%	-176.16%	-216.46%	-147.8%	-261.97%	-297.45%	-274.94%
Announcement Date	22/07/20	27/07/21	26/07/22	25/07/23	30/07/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Microsoft Corporation

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	15,441	20,622	23,886	28,107	44,477	60,677	67,503	70,068
Change	-	33.55%	15.83%	17.67%	58.24%	36.42%	11.25%	3.8%
Free Cash Flow (FCF) ¹	45,234	56,118	65,149	59,475	74,071	67,786	84,092	108,266
Change	-	24.06%	16.09%	-8.71%	24.54%	-8.48%	24.05%	28.75%
Announcement Date	22/07/20	27/07/21	26/07/22	25/07/23	30/07/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Microsoft Corporation

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	45.98%	48.55%	49.35%	48.87%	53.74%	53.93%	54.43%	54.93%
EBIT Margin (%)	37.03%	41.59%	42.06%	42.33%	44.64%	44.23%	44.21%	44.5%
EBT Margin (%)	37.08%	42.3%	42.22%	42.14%	43.97%	42.99%	43.19%	43.95%
Net margin (%)	30.96%	36.45%	36.69%	34.15%	35.96%	34.95%	35.1%	35.61%
FCF margin (%)	31.63%	33.39%	32.86%	28.07%	30.22%	24.32%	26.38%	29.48%
FCF / Net Income (%)	102.15%	91.59%	89.57%	82.19%	84.04%	69.6%	75.16%	82.77%
Profitability
ROA	15.06%	19.3%	20.82%	35.12%	19.07%	17.98%	17.85%	18.12%
ROE	40.14%	47.08%	47.15%	38.82%	37.13%	31.34%	28.97%	27.36%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	10.8%	12.27%	12.05%	13.26%	18.14%	21.77%	21.18%	19.08%
CAPEX / EBITDA (%)	23.48%	25.27%	24.41%	27.14%	33.77%	40.37%	38.9%	34.73%
CAPEX / FCF (%)	34.14%	36.75%	36.66%	47.26%	60.05%	89.51%	80.27%	64.72%
Items per share
Cash flow per share ¹	7.897	10.09	11.81	11.72	15.87	18.63	21.26	34.19
Change	-	27.72%	17.07%	-0.74%	35.41%	17.37%	14.15%	60.77%
Dividend per Share ¹	2.04	2.24	2.48	2.72	3	3.259	3.577	3.977
Change	-	9.8%	10.71%	9.68%	10.29%	8.63%	9.77%	11.18%
Book Value Per Share ¹	15.63	18.88	22.31	27.75	36.11	46.77	60.34	75.71
Change	-	20.85%	18.16%	24.36%	30.15%	29.5%	29.01%	25.48%
EPS ¹	5.76	8.05	9.65	9.68	11.8	13.07	15.1	17.85
Change	-	39.76%	19.88%	0.31%	21.9%	10.74%	15.51%	18.23%
Nbr of stocks (in thousands)	7,583,440	7,531,575	7,479,033	7,435,488	7,432,306	7,434,881	7,434,881	7,434,881
Announcement Date	22/07/20	27/07/21	26/07/22	25/07/23	30/07/24	-	-	-