Company Valuation: Microsoft Corporation

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 2,040,304 1,920,840 2,532,081 3,321,869 3,697,022 3,100,777 - -
Change - -5.86% 31.82% 31.19% 11.29% -16.13% - -
Enterprise Value (EV) 1 1,968,116 1,865,864 2,468,056 3,291,263 3,645,608 3,052,191 3,053,263 3,021,622
Change - -5.2% 32.27% 33.35% 10.77% -16.28% 0.04% -1.04%
P/E ratio 33.7x 26.6x 35.2x 37.9x 36.5x 24.1x 21.4x 18.2x
PBR 14.3x 11.5x 12.3x 12.4x 10.8x 6.93x 5.28x 4.22x
PEG - 1.3x 113.23x 1.7x 2.3x 0.9x 1.7x 1x
Capitalization / Revenue 12.1x 9.69x 11.9x 13.6x 13.1x 9.41x 8.08x 6.85x
EV / Revenue 11.7x 9.41x 11.6x 13.4x 12.9x 9.26x 7.95x 6.67x
EV / EBITDA 24.1x 19.1x 23.8x 25x 22.4x 15.4x 12.8x 10.4x
EV / EBIT 28.1x 22.4x 27.5x 30.1x 28.4x 19.9x 17.1x 14.4x
EV / FCF 35.1x 28.6x 41.5x 44.4x 50.9x 47.1x 51.5x 44.3x
FCF Yield 2.85% 3.49% 2.41% 2.25% 1.96% 2.12% 1.94% 2.26%
Dividend per Share 2 2.24 2.48 2.72 3 3.32 3.686 4.036 4.37
Rate of return 0.83% 0.97% 0.8% 0.67% 0.67% 0.88% 0.97% 1.05%
EPS 2 8.05 9.65 9.68 11.8 13.64 17.32 19.5 22.99
Distribution rate 27.8% 25.7% 28.1% 25.4% 24.3% 21.3% 20.7% 19%
Net sales 1 168,088 198,270 211,915 245,122 281,724 329,501 383,996 452,944
EBITDA 1 81,602 97,843 103,555 131,720 162,681 198,225 239,212 291,171
EBIT 1 69,916 83,383 89,694 109,433 128,528 153,661 178,635 209,721
Net income 1 61,271 72,738 72,361 88,136 101,832 129,172 145,170 169,900
Net Debt 1 -72,188 -54,976 -64,025 -30,606 -51,414 -48,586 -47,514 -79,155
Reference price 2 270.90 256.83 340.54 446.95 497.41 417.42 417.42 417.42
Nbr of stocks (in thousands) 7,531,575 7,479,033 7,435,488 7,432,306 7,432,544 7,428,435 - -
Announcement Date 27/07/21 26/07/22 25/07/23 30/07/24 30/07/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.45x9.4x15.63x0.87% 3,146B
99.75x40.49x67.7x-.--% 324B
147.13x33.47x113.25x0.11% 112B
203.54x10.65x24.29x-.--% 95.48B
76.98x15.47x33.09x-.--% 95.43B
372.2x16.06x64.62x-.--% 74.33B
29.6x1.5x11.73x-.--% 54.08B
-133.95x6.85x41.72x-.--% 44.84B
-30.79x4.1x19.65x-.--% 33.64B
20.35x3.73x10.39x1.41% 30.24B
Average 80.93x 14.17x 40.21x 0.24% 401.06B
Weighted average by Cap. 43.73x 12.66x 24.33x 0.7%

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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