Company Valuation: McDonald's Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 200,314 193,016 215,071 207,741 217,656 192,291 - -
Change - -3.64% 11.43% -3.41% 4.77% -11.65% - -
Enterprise Value (EV) 1 231,228 226,335 247,645 245,080 256,855 231,768 232,124 232,038
Change - -2.12% 9.41% -1.04% 4.8% -9.77% 0.15% -0.04%
P/E 26.7x 31.6x 25.6x 25.5x 25.6x 21x 19.2x 17.9x
PBR -43.4x -32.5x -46.1x -55.1x -121x 490x 64.6x 33.7x
PEG - -1.9x 0.7x -17.34x 5.21x 2.71x 2.04x 2.38x
Capitalization / Revenue 8.63x 8.33x 8.44x 8.01x 8.1x 6.77x 6.41x 6.1x
EV / Revenue 9.96x 9.76x 9.71x 9.46x 9.55x 8.16x 7.73x 7.36x
EV / EBITDA 19.4x 21.1x 17.7x 17.4x 17.3x 14.8x 13.9x 13.1x
EV / EBIT 23x 21.8x 20.6x 20.4x 20.4x 17.3x 16.3x 15.3x
EV / FCF 32.6x 41.2x 34.1x 36.7x 35.7x 29.7x 25.9x 24.1x
FCF Yield 3.07% 2.42% 2.93% 2.72% 2.8% 3.37% 3.86% 4.15%
Dividend per Share 2 5.25 5.66 6.23 6.78 7.17 7.496 7.895 8.433
Rate of return 1.96% 2.15% 2.1% 2.34% 2.35% 2.77% 2.92% 3.12%
EPS 2 10.04 8.33 11.56 11.39 11.95 12.88 14.09 15.14
Distribution rate 52.3% 67.9% 53.9% 59.5% 60% 58.2% 56.1% 55.7%
Net sales 1 23,223 23,183 25,494 25,920 26,885 28,387 30,012 31,520
EBITDA 1 11,939 10,751 13,991 14,100 14,820 15,665 16,714 17,657
EBIT 1 10,071 10,381 12,009 12,003 12,621 13,368 14,267 15,136
Net income 1 7,545 6,177 8,469 8,223 8,563 9,128 9,893 10,561
Net Debt 1 30,914 33,320 32,574 37,339 39,199 39,476 39,833 39,746
Reference price 2 268.07 263.53 296.51 289.89 305.63 270.64 270.64 270.64
Nbr of stocks (in thousands) 747,245 732,424 725,342 716,620 712,154 710,506 - -
Announcement Date 1/27/22 A 1/31/23 A 2/5/24 A 2/10/25 A 2/11/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.02x8.16x14.8x2.77% 192B
33.07x3.88x21.97x-.--% 47.1B
18.84x5.83x17.01x1.97% 41.85B
18.25x3.83x11.93x3.51% 25.68B
16.4x1.21x7.99x2.47% 16.65B
18.26x3.14x14.62x2.29% 11.49B
28.94x2.45x - 0.81% 6.74B
17.69x1.9x7.77x4.5% 4.96B
29.63x6.04x17.36x0.97% 3.53B
53.7x1.46x10.69x-.--% 2.53B
Average 25.58x 3.79x 13.79x 1.93% 35.28B
Weighted average by Cap. 22.29x 6.24x 15.39x 2.28%

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 McDonald's Corporation