Company Valuation: Mastercard, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 353,053 334,328 399,971 483,302 512,648 499,378 - -
Change - -5.3% 19.63% 20.83% 6.07% -2.59% - -
Enterprise Value (EV) 1 359,060 340,943 406,472 492,756 520,750 509,338 507,591 504,003
Change - -5.05% 19.22% 21.23% 5.68% -2.19% -0.34% -0.71%
P/E 41x 34x 36.1x 37.9x 34.6x 29.2x 24.8x 21.5x
PBR 48.2x 52.8x 57.1x 73.6x 65.4x 59.1x 40x 26.9x
PEG - 2x 2.3x 2.2x 1.8x 1.6x 1.4x 1.4x
Capitalization / Revenue 18.7x 15x 15.9x 17.2x 15.6x 13.4x 11.9x 10.6x
EV / Revenue 19x 15.3x 16.2x 17.5x 15.9x 13.7x 12.1x 10.7x
EV / EBITDA 32.7x 25.4x 26.5x 28.4x 25.3x 21.6x 19x 16.7x
EV / EBIT 35x 26.9x 27.9x 30x 26.8x 22.8x 20.1x 17.8x
EV / FCF 39.6x 31.7x 35x 34.4x 31.7x 30x 24.8x 22.2x
FCF Yield 2.52% 3.15% 2.86% 2.9% 3.16% 3.33% 4.03% 4.49%
Dividend per Share 2 1.81 2.04 2.37 2.74 3.04 3.555 3.89 4.392
Rate of return 0.5% 0.59% 0.56% 0.52% 0.53% 0.62% 0.68% 0.77%
EPS 2 8.76 10.22 11.83 13.89 16.52 19.55 22.95 26.54
Distribution rate 20.7% 20% 20% 19.7% 18.4% 18.2% 16.9% 16.5%
Net sales 1 18,884 22,237 25,098 28,167 32,791 37,259 41,959 46,952
EBITDA 1 10,984 13,401 15,346 17,349 20,544 23,584 26,660 30,113
EBIT 1 10,258 12,651 14,547 16,452 19,401 22,299 25,235 28,339
Net income 1 8,687 9,930 11,195 12,874 14,968 17,235 19,585 22,015
Net Debt 1 6,007 6,615 6,501 9,454 8,102 9,960 8,213 4,625
Reference price 2 359.32 347.73 426.51 526.57 570.88 570.06 570.06 570.06
Nbr of stocks (in thousands) 982,557 961,460 937,776 917,831 897,996 876,010 - -
Announcement Date 1/27/22 A 1/26/23 A 1/31/24 A 1/30/25 A 1/29/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.99x8.3x17.73x0.25% 4,269B
23.19x7.32x12.86x0.29% 1,838B
29.16x13.67x21.6x0.62% 499B
14.51x3.87x8.96x1.4% 482B
19.45x5.76x17.31x-.--% 290B
20.66x1.51x10.38x1.02% 266B
103.33x13.62x73.14x-.--% 214B
21.52x2.46x12.5x-.--% 140B
3.03x84.38x2.3x0.13% 112B
Average 27.98x 15.65x 19.64x 0.41% 901.16B
Weighted average by Cap. 21.36x 8.92x 17.24x 0.35%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Mastercard, Inc.

Historical PBR trend

Valuation ratios - PBR - Mastercard, Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Mastercard, Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Mastercard, Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Mastercard, Inc.