Company Valuation: Microsoft Corporation

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,040,304 1,920,840 2,532,081 3,321,869 3,697,022 2,728,761 - -
Change - -5.86% 31.82% 31.19% 11.29% -26.19% - -
Enterprise Value (EV) 1 1,968,116 1,865,864 2,468,056 3,291,263 3,645,608 2,680,175 2,681,247 2,649,606
Change - -5.2% 32.27% 33.35% 10.77% -26.48% 0.04% -1.18%
P/E 33.7x 26.6x 35.2x 37.9x 36.5x 21.2x 18.8x 16x
PBR 14.3x 11.5x 12.3x 12.4x 10.8x 6.1x 4.65x 3.71x
PEG - 1.3x 113.23x 1.7x 2.3x 0.8x 1.5x 0.9x
Capitalization / Revenue 12.1x 9.69x 11.9x 13.6x 13.1x 8.28x 7.1x 6.02x
EV / Revenue 11.7x 9.41x 11.6x 13.4x 12.9x 8.13x 6.98x 5.84x
EV / EBITDA 24.1x 19.1x 23.8x 25x 22.4x 13.5x 11.2x 9.09x
EV / EBIT 28.1x 22.4x 27.5x 30.1x 28.4x 17.4x 15x 12.6x
EV / FCF 35.1x 28.6x 41.5x 44.4x 50.9x 41.5x 45.2x 39.9x
FCF Yield 2.85% 3.49% 2.41% 2.25% 1.96% 2.41% 2.21% 2.51%
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% 1% 1.1% 1.19%
EPS 2 8.05 9.65 9.68 11.8 13.64 17.34 19.55 23
Distribution rate 27.8% 25.7% 28.1% 25.4% 24.3% 21.3% 20.6% 19%
Net sales 1 168,088 198,270 211,915 245,122 281,724 329,502 384,269 453,484
EBITDA 1 81,602 97,843 103,555 131,720 162,681 198,188 239,265 291,380
EBIT 1 69,916 83,383 89,694 109,433 128,528 153,658 178,840 209,965
Net income 1 61,271 72,738 72,361 88,136 101,832 129,242 145,311 169,850
Net Debt 1 -72,188 -54,976 -64,025 -30,606 -51,414 -48,586 -47,514 -79,155
Reference price 2 270.90 256.83 340.54 446.95 497.41 367.34 367.34 367.34
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, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.18x8.13x13.52x1% 2,729B
88.59x35.65x59.58x-.--% 286B
131.44x39.09x135.77x0.13% 135B
86.46x17.37x37.75x-.--% 107B
171.69x9.96x24.62x-.--% 88.96B
406.31x17.07x68.73x-.--% 78.8B
29.31x1.51x11.75x-.--% 54.54B
136.68x5.11x25.99x-.--% 44.48B
-31.05x4.13x19.8x-.--% 33.84B
86.79x4.46x21.44x-.--% 27.87B
Average 112.74x 14.25x 41.89x 0.11% 358.62B
Weighted average by Cap. 46.44x 11.81x 24.27x 0.77%

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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  4. Valuation Microsoft Corporation
-40%: Exceptional extension
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