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 2,938,912 - -
Change - -5.86% 31.82% 31.19% 11.29% -20.51% - -
Enterprise Value (EV) 1 1,968,116 1,865,864 2,468,056 3,291,263 3,645,608 2,886,488 2,891,398 2,859,757
Change - -5.2% 32.27% 33.35% 10.77% -20.82% 0.17% -1.09%
P/E 33.7x 26.6x 35.2x 37.9x 36.5x 22.8x 20.2x 17.2x
PBR 14.3x 11.5x 12.3x 12.4x 10.8x 6.58x 5.01x 4x
PEG - 1.3x 113.23x 1.7x 2.3x 0.8x 1.6x 1x
Capitalization / Revenue 12.1x 9.69x 11.9x 13.6x 13.1x 8.92x 7.64x 6.46x
EV / Revenue 11.7x 9.41x 11.6x 13.4x 12.9x 8.76x 7.52x 6.28x
EV / EBITDA 24.1x 19.1x 23.8x 25x 22.4x 14.6x 12.1x 9.81x
EV / EBIT 28.1x 22.4x 27.5x 30.1x 28.4x 18.8x 16.2x 13.6x
EV / FCF 35.1x 28.6x 41.5x 44.4x 50.9x 44.7x 52.2x 42.6x
FCF Yield 2.85% 3.49% 2.41% 2.25% 1.96% 2.24% 1.92% 2.35%
Dividend per Share 2 2.24 2.48 2.72 3 3.32 3.686 3.851 4.31
Rate of return 0.83% 0.97% 0.8% 0.67% 0.67% 0.93% 0.97% 1.09%
EPS 2 8.05 9.65 9.68 11.8 13.64 17.34 19.54 22.98
Distribution rate 27.8% 25.7% 28.1% 25.4% 24.3% 21.3% 19.7% 18.8%
Net sales 1 168,088 198,270 211,915 245,122 281,724 329,509 384,499 455,151
EBITDA 1 81,602 97,843 103,555 131,720 162,681 198,197 239,152 291,590
EBIT 1 69,916 83,383 89,694 109,433 128,528 153,668 178,970 210,046
Net income 1 61,271 72,738 72,361 88,136 101,832 129,244 145,703 169,893
Net Debt 1 -72,188 -54,976 -64,025 -30,606 -51,414 -52,423 -47,514 -79,155
Reference price 2 270.90 256.83 340.54 446.95 497.41 395.63 395.63 395.63
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.($)
22.81x8.76x14.56x0.93% 2,939B
99.16x40.06x66.98x-.--% 321B
121.56x38.8x122.74x0.14% 125B
82.56x16.6x36.06x-.--% 102B
477.7x20.57x82.71x-.--% 94.14B
157.63x9.19x23.44x-.--% 81.43B
37.06x1.96x15.36x-.--% 68.21B
124.21x5.19x25.68x-.--% 45.27B
-38.39x5.07x24.27x-.--% 40.86B
99.98x5.2x25.03x-.--% 32.11B
Average 118.43x 15.14x 43.68x 0.11% 384.91B
Weighted average by Cap. 49.39x 12.62x 25.21x 0.72%

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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