Projected Income Statement: Visa, Inc.

Forecast Balance Sheet: Visa, Inc.

Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 760 3,928 335 5,661 6,174 6,401 -2,262 -1,114
Change - 416.84% -91.47% 1,589.85% 9.06% 3.68% -135.34% 50.75%
Announcement Date 26/10/21 25/10/22 24/10/23 29/10/24 28/10/25 - - -
1USD in Million
Estimates

Cash Flow Forecast: Visa, Inc.

Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 705 970 1,059 1,257 1,482 1,555 1,666 1,768
Change - 37.59% 9.18% 18.7% 17.9% 4.96% 7.12% 6.12%
Free Cash Flow (FCF) 1 14,522 17,879 19,696 18,693 21,577 25,244 27,686 30,588
Change - 23.12% 10.16% -5.09% 15.43% 17% 9.67% 10.48%
Announcement Date 26/10/21 25/10/22 24/10/23 29/10/24 28/10/25 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Visa, Inc.

Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 68.9% 67.12% 67.2% 70.56% 70.78% 70.4% 70.57% 70.66%
EBIT Margin (%) 65.56% 64.19% 64.31% 67.69% 67.74% 67.51% 68.07% 68.27%
EBT Margin (%) 66.64% 61.88% 64.43% 66.57% 60.48% 65.73% 67.7% 68.05%
Net margin (%) 51.07% 51.03% 52.9% 54.95% 50.14% 54.27% 54.7% 54.86%
FCF margin (%) 60.24% 61% 60.32% 52.03% 53.94% 56.59% 56.2% 56.48%
FCF / Net Income (%) 117.96% 119.54% 114.03% 94.68% 107.57% 104.27% 102.74% 102.95%

Profitability

        
ROA 15.03% 17.76% 19.63% 21.34% 20.66% 24.34% 25.06% 25.9%
ROE 33.36% 40.88% 46.49% 50.71% 52.07% 63.4% 66.34% 68.23%

Financial Health

        
Leverage (Debt/EBITDA) 0.05x 0.2x 0.02x 0.22x 0.22x 0.2x - -
Debt / Free cash flow 0.05x 0.22x 0.02x 0.3x 0.29x 0.25x - -

Capital Intensity

        
CAPEX / Current Assets (%) 2.92% 3.31% 3.24% 3.5% 3.7% 3.49% 3.38% 3.26%
CAPEX / EBITDA (%) 4.24% 4.93% 4.83% 4.96% 5.23% 4.95% 4.79% 4.62%
CAPEX / FCF (%) 4.85% 5.43% 5.38% 6.72% 6.87% 6.16% 6.02% 5.78%

Items per share

        
Cash flow per share 1 6.96 8.824 9.954 9.832 11.73 14.34 16.47 18.17
Change - 26.79% 12.81% -1.23% 19.29% 22.24% 14.88% 10.33%
Dividend per Share 1 1.335 1.575 1.87 2.08 2.44 2.686 2.945 3.273
Change - 17.98% 18.73% 11.23% 17.31% 10.09% 9.63% 11.13%
Book Value Per Share 1 22.41 16.66 18.58 19.29 19.28 21.93 24.77 28.12
Change - -25.67% 11.52% 3.83% -0.03% 13.73% 12.95% 13.53%
EPS 1 5.63 7 8.28 9.73 10.2 12.63 14.42 16.25
Change - 24.33% 18.29% 17.51% 4.83% 23.87% 14.12% 12.67%
Nbr of stocks (in thousands) 2,108,723 2,054,886 2,025,271 1,966,491 1,923,740 1,906,009 1,906,009 1,906,009
Announcement Date 26/10/21 25/10/22 24/10/23 29/10/24 28/10/25 - - -
1USD
Estimates
2026 *2027 *
P/E ratio 25.4x 22.2x
PBR 14.6x 12.9x
EV / Sales 13.8x 12.3x
Yield 0.84% 0.92%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
40
Last Close Price
320.30USD
Average target price
400.81USD
Spread / Average Target
+25.14%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. V Stock
  4. Financials Visa, Inc.