Company Valuation: Mastercard, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 353,053 334,328 399,971 483,302 512,648 568,617 - -
Change - -5.3% 19.63% 20.83% 6.07% 10.92% - -
Enterprise Value (EV) 1 359,060 340,943 406,472 492,756 520,750 578,481 575,947 573,795
Change - -5.05% 19.22% 21.23% 5.68% 11.09% -0.44% -0.37%
P/E 41x 34x 36.1x 37.9x 34.6x 33.2x 28.3x 24.4x
PBR 48.2x 52.8x 57.1x 73.6x 65.4x 70.6x 48x 32x
PEG - 2x 2.3x 2.2x 1.8x 1.8x 1.6x 1.5x
Capitalization / Revenue 18.7x 15x 15.9x 17.2x 15.6x 15.2x 13.5x 12.1x
EV / Revenue 19x 15.3x 16.2x 17.5x 15.9x 15.5x 13.7x 12.2x
EV / EBITDA 32.7x 25.4x 26.5x 28.4x 25.3x 24.5x 21.5x 18.9x
EV / EBIT 35x 26.9x 27.9x 30x 26.8x 25.8x 22.7x 20x
EV / FCF 39.6x 31.7x 35x 34.4x 31.7x 34.1x 28x 24.9x
FCF Yield 2.52% 3.15% 2.86% 2.9% 3.16% 2.93% 3.57% 4.02%
Dividend per Share 2 1.81 2.04 2.37 2.74 3.04 3.5 3.902 4.397
Rate of return 0.5% 0.59% 0.56% 0.52% 0.53% 0.54% 0.6% 0.67%
EPS 2 8.76 10.22 11.83 13.89 16.52 19.63 23.06 26.76
Distribution rate 20.7% 20% 20% 19.7% 18.4% 17.8% 16.9% 16.4%
Net sales 1 18,884 22,237 25,098 28,167 32,791 37,371 42,087 47,149
EBITDA 1 10,984 13,401 15,346 17,349 20,544 23,615 26,790 30,315
EBIT 1 10,258 12,651 14,547 16,452 19,401 22,385 25,374 28,663
Net income 1 8,687 9,930 11,195 12,874 14,968 17,299 19,689 22,297
Net Debt 1 6,007 6,615 6,501 9,454 8,102 9,865 7,331 5,178
Reference price 2 359.32 347.73 426.51 526.57 570.88 652.70 652.70 652.70
Nbr of stocks (in thousands) 982,557 961,460 937,776 917,831 897,996 871,176 - -
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.($)
33.25x15.48x24.5x0.54% 569B
14.58x6.76x14.62x0.31% 3,496B
20.95x6.12x10.99x0.35% 1,560B
14.55x3.86x8.95x1.4% 482B
20.79x1.51x10.12x1% 272B
17.69x5.23x15.68x-.--% 260B
93.79x12.16x66.67x-.--% 192B
26.08x2.49x12.58x-.--% 140B
45.58x5.34x35.23x-.--% 124B
8.48x0.98x4.22x-.--% 118B
Average 29.57x 5.99x 20.36x 0.36% 721.24B
Weighted average by Cap. 20.54x 6.80x 15.63x 0.4%

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.
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