Company Valuation: Microsoft Corporation

Data adjusted to current consolidation scope
Fiscal Period: June 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 1,543,306 2,040,304 1,920,840 2,532,081 3,321,869 3,790,969 - -
Change - 32.2% -5.86% 31.82% 31.19% 14.12% - -
Enterprise Value (EV) 1 1,470,106 1,968,116 1,865,864 2,468,056 3,291,263 3,745,775 3,705,055 3,657,918
Change - 33.88% -5.2% 32.27% 33.35% 13.81% -1.09% -1.27%
P/E ratio 35.3x 33.7x 26.6x 35.2x 37.9x 38x 33.7x 28.8x
PBR 13x 14.3x 11.5x 12.3x 12.4x 11.1x 8.56x 6.79x
PEG - 0.8x 1.3x 113.23x 1.7x 2.8x 2.6x 1.7x
Capitalization / Revenue 10.8x 12.1x 9.69x 11.9x 13.6x 13.6x 12x 10.5x
EV / Revenue 10.3x 11.7x 9.41x 11.6x 13.4x 13.4x 11.7x 10.1x
EV / EBITDA 22.4x 24.1x 19.1x 23.8x 25x 24x 20.7x 17.7x
EV / EBIT 27.8x 28.1x 22.4x 27.5x 30.1x 29.7x 26x 22.3x
EV / FCF 32.5x 35.1x 28.6x 41.5x 44.4x 55.1x 46.3x 36.6x
FCF Yield 3.08% 2.85% 3.49% 2.41% 2.25% 1.81% 2.16% 2.73%
Dividend per Share 2 2.04 2.24 2.48 2.72 3 3.304 3.629 4.116
Rate of return 1% 0.83% 0.97% 0.8% 0.67% 0.65% 0.71% 0.81%
EPS 2 5.76 8.05 9.65 9.68 11.8 13.41 15.15 17.71
Distribution rate 35.4% 27.8% 25.7% 28.1% 25.4% 24.6% 23.9% 23.2%
Net sales 1 143,015 168,088 198,270 211,915 245,122 279,053 316,509 362,572
EBITDA 1 65,755 81,602 97,843 103,555 131,720 155,809 178,899 206,754
EBIT 1 52,959 69,916 83,383 89,694 109,433 126,064 142,490 163,774
Net income 1 44,281 61,271 72,738 72,361 88,136 100,000 112,789 130,337
Net Debt 1 -73,200 -72,188 -54,976 -64,025 -30,606 -45,194 -85,914 -133,051
Reference price 2 203.51 270.90 256.83 340.54 446.95 510.05 510.05 510.05
Nbr of stocks (in thousands) 7,583,440 7,531,575 7,479,033 7,435,488 7,432,306 7,432,544 - -
Announcement Date 22/07/20 27/07/21 26/07/22 25/07/23 30/07/24 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
38.17x13.47x24.12x0.65% 3,803B
456.82x91.57x203.74x-.--% 363B
55.54x4.33x27.69x-.--% 98.91B
57.49x12.56x29.74x-.--% 91.39B
74.1x16.67x35.47x-.--% 87.61B
-87.58x14.95x70.16x-.--% 82.87B
-161.88x9.2x36.35x-.--% 50.04B
33.57x6.19x17.34x0.84% 49.1B
-94.69x7.46x48.85x-.--% 42.78B
97.87x13.34x33.96x-.--% 40.03B
Average 46.94x 18.97x 52.74x 0.15% 470.94B
Weighted average by Cap. 66.80x 19.19x 39.55x 0.53%
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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