Company Valuation: Mastercard, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 353,053 334,328 399,971 483,302 512,648 556,880 - -
Change - -5.3% 19.63% 20.83% 6.07% 8.63% - -
Enterprise Value (EV) 1 359,060 340,943 406,472 492,756 520,750 564,606 563,771 561,641
Change - -5.05% 19.22% 21.23% 5.68% 8.42% -0.15% -0.38%
P/E 41x 34x 36.1x 37.9x 34.6x 32.2x 27.6x 23.8x
PBR 48.2x 52.8x 57.1x 73.6x 65.4x 65.9x 43.8x 29.3x
PEG - 2x 2.3x 2.2x 1.8x 1.7x 1.6x 1.5x
Capitalization / Revenue 18.7x 15x 15.9x 17.2x 15.6x 14.9x 13.2x 11.8x
EV / Revenue 19x 15.3x 16.2x 17.5x 15.9x 15.1x 13.4x 11.9x
EV / EBITDA 32.7x 25.4x 26.5x 28.4x 25.3x 23.9x 21.1x 18.5x
EV / EBIT 35x 26.9x 27.9x 30x 26.8x 25.2x 22.3x 19.7x
EV / FCF 39.6x 31.7x 35x 34.4x 31.7x 33x 27.5x 24.6x
FCF Yield 2.52% 3.15% 2.86% 2.9% 3.16% 3.03% 3.64% 4.07%
Dividend per Share 2 1.81 2.04 2.37 2.74 3.04 3.511 3.919 4.387
Rate of return 0.5% 0.59% 0.56% 0.52% 0.53% 0.55% 0.62% 0.69%
EPS 2 8.76 10.22 11.83 13.89 16.52 19.72 23.02 26.68
Distribution rate 20.7% 20% 20% 19.7% 18.4% 17.8% 17% 16.4%
Net sales 1 18,884 22,237 25,098 28,167 32,791 37,389 42,040 47,164
EBITDA 1 10,984 13,401 15,346 17,349 20,544 23,634 26,720 30,307
EBIT 1 10,258 12,651 14,547 16,452 19,401 22,364 25,295 28,544
Net income 1 8,687 9,930 11,195 12,874 14,968 17,368 19,725 22,321
Net Debt 1 6,007 6,615 6,501 9,454 8,102 7,727 6,892 4,761
Reference price 2 359.32 347.73 426.51 526.57 570.88 635.70 635.70 635.70
Nbr of stocks (in thousands) 982,557 961,460 937,776 917,831 897,996 876,010 - -
Announcement Date 1/27/22 1/26/23 1/31/24 1/30/25 1/29/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.39x6.74x14.76x0.31% 3,481B
21.44x6.26x11.25x0.34% 1,596B
32.5x15.2x24.03x0.55% 557B
13x3.45x8x1.57% 433B
17.31x5.12x15.35x-.--% 255B
18.79x1.37x9.24x1.1% 247B
103.12x13.68x73.51x-.--% 215B
20.7x2.36x12x-.--% 134B
42.27x4.9x32.32x-.--% 115B
Average 31.50x 6.56x 22.27x 0.43% 781.43B
Weighted average by Cap. 20.88x 6.95x 16.14x 0.41%

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.