Financials Visa, Inc.

Equities

V

US92826C8394

Internet Services

Real-time Estimate Cboe BZX 18:55:41 18/07/2024 BST 5-day change 1st Jan Change
270.2 USD -0.93% Intraday chart for Visa, Inc. +2.87% +3.74%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 371,962 423,776 471,818 366,725 468,001 545,672 - -
Enterprise Value (EV) 1 380,853 427,805 472,578 370,653 468,336 542,738 538,597 532,792
P/E ratio 32.3 x 40.9 x 39.6 x 25.4 x 27.8 x 28.1 x 24.5 x 21.8 x
Yield 0.61% 0.61% 0.6% 0.89% 0.81% 0.77% 0.85% 0.94%
Capitalization / Revenue 16.2 x 19.4 x 19.6 x 12.5 x 14.3 x 15.2 x 13.8 x 12.5 x
EV / Revenue 16.6 x 19.6 x 19.6 x 12.6 x 14.3 x 15.1 x 13.6 x 12.2 x
EV / EBITDA 24.3 x 28.8 x 28.5 x 18.8 x 21.3 x 21.4 x 19.1 x 17.1 x
EV / FCF 31.7 x 44.1 x 32.5 x 20.7 x 23.8 x 26.3 x 23 x 21.5 x
FCF Yield 3.16% 2.27% 3.07% 4.82% 4.21% 3.81% 4.35% 4.66%
Price to Book 12.1 x 9.29 x 9.94 x 10.7 x 12.4 x 13.3 x 11.8 x 10.4 x
Nbr of stocks (in thousands) 2,162,444 2,119,199 2,118,150 2,064,313 2,034,698 2,000,997 - -
Reference price 2 172.0 200.0 222.8 177.6 230.0 272.7 272.7 272.7
Announcement Date 24/10/19 28/10/20 26/10/21 25/10/22 24/10/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 22,977 21,846 24,105 29,310 32,653 35,934 39,662 43,627
EBITDA 1 15,657 14,848 16,608 19,674 21,943 25,370 28,251 31,137
EBIT 1 15,001 14,081 15,804 18,813 21,000 24,225 27,170 30,075
Operating Margin 65.29% 64.46% 65.56% 64.19% 64.31% 67.41% 68.5% 68.94%
Earnings before Tax (EBT) 1 14,884 13,790 16,063 18,136 21,037 24,166 27,285 30,159
Net income 1 12,080 10,866 12,311 14,957 17,273 19,745 22,061 24,254
Net margin 52.57% 49.74% 51.07% 51.03% 52.9% 54.95% 55.62% 55.59%
EPS 2 5.320 4.890 5.630 7.000 8.280 9.711 11.12 12.53
Free Cash Flow 1 12,028 9,704 14,522 17,879 19,696 20,657 23,432 24,839
FCF margin 52.35% 44.42% 60.24% 61% 60.32% 57.48% 59.08% 56.93%
FCF Conversion (EBITDA) 76.82% 65.36% 87.44% 90.88% 89.76% 81.42% 82.94% 79.77%
FCF Conversion (Net income) 99.57% 89.31% 117.96% 119.54% 114.03% 104.61% 106.21% 102.41%
Dividend per Share 2 1.050 1.220 1.335 1.575 1.870 2.089 2.305 2.573
Announcement Date 24/10/19 28/10/20 26/10/21 25/10/22 24/10/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September 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
Net sales 1 7,059 7,189 7,275 7,787 7,936 7,985 8,123 8,609 8,634 8,775 8,924 9,595 9,544 9,601 9,888
EBITDA 1 4,974 5,009 4,378 5,313 5,317 5,570 5,259 5,797 6,201 5,603 6,283 6,728 6,881 6,748 7,052
EBIT 1 4,776 4,802 4,148 5,087 5,090 5,336 5,024 5,550 5,954 5,354 5,996 6,459 6,613 6,478 6,763
Operating Margin 67.66% 66.8% 57.02% 65.33% 64.14% 66.83% 61.85% 64.47% 68.96% 61.01% 67.2% 67.31% 69.29% 67.47% 68.4%
Earnings before Tax (EBT) 1 4,897 4,542 3,829 4,868 4,977 5,278 5,146 5,636 6,042 5,513 6,037 6,513 6,580 6,494 6,821
Net income 1 3,959 3,647 3,411 3,940 4,179 4,257 4,156 4,681 4,890 4,663 4,875 5,243 5,342 5,271 5,507
Net margin 56.08% 50.73% 46.89% 50.6% 52.66% 53.31% 51.16% 54.37% 56.64% 53.14% 54.63% 54.65% 55.98% 54.9% 55.69%
EPS 2 1.830 1.700 1.600 1.860 1.990 2.030 2.000 2.270 2.390 2.290 2.404 2.603 2.688 2.650 2.790
Dividend per Share 2 0.3750 0.3750 0.3750 0.4500 0.4500 0.4500 0.4500 0.5200 0.5200 0.5200 0.5258 0.5267 0.5580 0.5580 0.5580
Announcement Date 27/01/22 26/04/22 26/07/22 25/10/22 26/01/23 25/04/23 25/07/23 24/10/23 25/01/24 23/04/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 8,891 4,029 760 3,928 335 - - -
Net Cash position 1 - - - - - 2,934 7,084 12,901
Leverage (Debt/EBITDA) 0.5679 x 0.2713 x 0.0458 x 0.1997 x 0.0153 x - - -
Free Cash Flow 1 12,028 9,704 14,522 17,879 19,696 20,657 23,432 24,839
ROE (net income / shareholders' equity) 35.2% 30.7% 33.4% 40.9% 46.5% 49.8% 50.8% 50.5%
ROA (Net income/ Total Assets) 17% 14.2% 15% 17.8% 19.6% 21.5% 22.2% 23.1%
Assets 1 70,892 76,747 81,910 84,199 88,002 91,807 99,162 104,795
Book Value Per Share 2 14.20 21.50 22.40 16.70 18.60 20.40 23.10 26.30
Cash Flow per Share 2 5.630 4.210 6.960 8.820 9.950 10.50 12.20 13.50
Capex 1 756 736 705 970 1,059 1,139 1,280 1,374
Capex / Sales 3.29% 3.37% 2.92% 3.31% 3.24% 3.17% 3.23% 3.15%
Announcement Date 24/10/19 28/10/20 26/10/21 25/10/22 24/10/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
38
Last Close Price
272.7 USD
Average target price
308.3 USD
Spread / Average Target
+13.05%
Consensus
  1. Stock Market
  2. Equities
  3. V Stock
  4. Financials Visa, Inc.