Company Valuation: Microsoft Corporation

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,920,840 2,532,081 3,321,869 3,697,022 2,770,955 3,618,543 - -
Change - 31.82% 31.19% 11.29% -25.05% 30.59% - -
Enterprise Value (EV) 1 1,865,864 2,468,056 3,291,263 3,645,608 2,734,406 3,572,077 3,570,053 3,718,112
Change - 32.27% 33.35% 10.77% -24.99% 30.63% -0.06% 4.15%
P/E 26.6x 35.2x 37.9x 36.5x 20.8x 24.7x 20.7x 16.9x
PBR 11.5x 12.3x 12.4x 10.8x 6.26x 6.34x 4.95x 3.86x
PEG - 113.23x 1.7x 2.3x 0.7x 2.55x 1.1x 0.8x
Capitalization / Revenue 9.69x 11.9x 13.6x 13.1x 8.35x 9.25x 7.74x 6.38x
EV / Revenue 9.41x 11.6x 13.4x 12.9x 8.24x 9.13x 7.64x 6.55x
EV / EBITDA 19.1x 23.8x 25x 22.4x 13.8x 14.9x 12.1x 10.1x
EV / EBIT 22.4x 27.5x 30.1x 28.4x 17.6x 19.6x 16.5x 14.2x
EV / FCF 28.6x 41.5x 44.4x 50.9x 40.8x 111x 78.4x 42.4x
FCF Yield 3.49% 2.41% 2.25% 1.96% 2.45% 0.9% 1.27% 2.36%
Dividend per Share 2 2.48 2.72 3 3.32 3.64 3.898 4.26 4.421
Rate of return 0.97% 0.8% 0.67% 0.67% 0.98% 0.8% 0.87% 0.91%
EPS 2 9.65 9.68 11.8 13.64 17.95 19.69 23.57 28.76
Distribution rate 25.7% 28.1% 25.4% 24.3% 20.3% 19.8% 18.1% 15.4%
Net sales 1 198,270 211,915 245,122 281,724 331,839 391,083 467,327 567,246
EBITDA 1 97,843 103,555 131,720 162,681 198,685 239,933 295,379 369,739
EBIT 1 83,383 89,694 109,433 128,528 155,237 182,162 216,837 262,387
Net income 1 72,738 72,361 88,136 101,832 133,749 146,938 175,848 212,963
Net Debt 1 -54,976 -64,025 -30,606 -51,414 -36,549 -46,466 -48,490 99,570
Reference price 2 256.83 340.54 446.95 497.41 373.02 487.31 487.31 487.31
Nbr of stocks (in thousands) 7,479,033 7,435,488 7,432,306 7,432,544 7,428,435 7,425,545 - -
Announcement Date 7/26/22 A 7/25/23 A 7/30/24 A 7/30/25 A 7/29/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.54x9.06x14.76x0.81% 3,588B
118.8x51.34x83.33x-.--% 432B
66.45x14.02x29.56x-.--% 87.86B
417.68x17.92x70.83x-.--% 84.61B
147.43x8.65x22.06x-.--% 76.18B
39.64x2x15.94x-.--% 71.99B
125.01x5.14x24.78x-.--% 44.8B
173.64x5.51x21.29x-.--% 43.49B
22.53x4.3x11.86x1.26% 34.67B
Average 126.19x 13.10x 32.71x 0.23% 496.04B
Weighted average by Cap. 46.73x 13.19x 23.04x 0.66%

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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