Company Valuation: Microsoft Corporation

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 2,040,304 1,920,840 2,532,081 3,321,869 3,697,022 2,978,717 - -
Change - -5.86% 31.82% 31.19% 11.29% -19.43% - -
Enterprise Value (EV) 1 1,968,116 1,865,864 2,468,056 3,291,263 3,645,608 2,923,035 2,892,238 2,849,820
Change - -5.2% 32.27% 33.35% 10.77% -19.82% -1.05% -1.47%
P/E ratio 33.7x 26.6x 35.2x 37.9x 36.5x 23.3x 21.1x 17.7x
PBR 14.3x 11.5x 12.3x 12.4x 10.8x 6.72x 5.15x 4.12x
PEG - 1.3x 113.23x 1.7x 2.3x 0.9x 2x 0.9x
Capitalization / Revenue 12.1x 9.69x 11.9x 13.6x 13.1x 9.09x 7.88x 6.76x
EV / Revenue 11.7x 9.41x 11.6x 13.4x 12.9x 8.92x 7.65x 6.46x
EV / EBITDA 24.1x 19.1x 23.8x 25x 22.4x 14.8x 12.5x 10.3x
EV / EBIT 28.1x 22.4x 27.5x 30.1x 28.4x 19.3x 16.6x 14x
EV / FCF 35.1x 28.6x 41.5x 44.4x 50.9x 41.2x 35.8x 27.8x
FCF Yield 2.85% 3.49% 2.41% 2.25% 1.96% 2.43% 2.79% 3.59%
Dividend per Share 2 2.24 2.48 2.72 3 3.32 3.604 3.989 4.239
Rate of return 0.83% 0.97% 0.8% 0.67% 0.67% 0.9% 0.99% 1.06%
EPS 2 8.05 9.65 9.68 11.8 13.64 17.2 19.02 22.65
Distribution rate 27.8% 25.7% 28.1% 25.4% 24.3% 21% 21% 18.7%
Net sales 1 168,088 198,270 211,915 245,122 281,724 327,787 378,223 440,876
EBITDA 1 81,602 97,843 103,555 131,720 162,681 197,960 231,786 275,642
EBIT 1 69,916 83,383 89,694 109,433 128,528 151,481 174,116 204,078
Net income 1 61,271 72,738 72,361 88,136 101,832 128,321 142,105 167,321
Net Debt 1 -72,188 -54,976 -64,025 -30,606 -51,414 -55,682 -86,479 -128,896
Reference price 2 270.90 256.83 340.54 446.95 497.41 401.14 401.14 401.14
Nbr of stocks (in thousands) 7,531,575 7,479,033 7,435,488 7,432,306 7,432,544 7,425,629 - -
Announcement Date 7/27/21 A 7/26/22 A 7/25/23 A 7/30/24 A 7/30/25 A - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.32x8.92x14.77x0.9% 2,979B
237.63x72.03x145.18x-.--% 324B
155.37x9.3x20.33x-.--% 81.67B
72.51x14.5x30.31x-.--% 77.17B
202.27x64.41x201.46x - 63.02B
40.02x2.54x16.18x-.--% 64.26B
-42.76x6.73x27.94x-.--% 46.62B
-104.27x5.55x33.87x-.--% 36.22B
24.7x4.36x12.26x1.19% 34.5B
Average 67.64x 20.92x 55.81x 0.26% 411.79B
Weighted average by Cap. 47.25x 15.29x 30.14x 0.75%
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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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