Company Valuation: Mastercard, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 353,053 334,328 399,971 483,302 512,648 432,938 - -
Change - -5.3% 19.63% 20.83% 6.07% -15.55% - -
Enterprise Value (EV) 1 359,060 340,943 406,472 492,756 520,750 440,371 437,851 432,132
Change - -5.05% 19.22% 21.23% 5.68% -15.44% -0.57% -1.31%
P/E Ratio 41x 34x 36.1x 37.9x 34.6x 25.4x 21.6x 18.7x
PBR 48.2x 52.8x 57.1x 73.6x 65.4x 42x 27.2x 18.3x
PEG - 2x 2.3x 2.2x 1.8x 1.5x 1.3x 1.2x
Capitalization / Revenue 18.7x 15x 15.9x 17.2x 15.6x 11.7x 10.4x 9.25x
EV / Revenue 19x 15.3x 16.2x 17.5x 15.9x 11.9x 10.5x 9.23x
EV / EBITDA 32.7x 25.4x 26.5x 28.4x 25.3x 18.8x 16.6x 14.5x
EV / EBIT 35x 26.9x 27.9x 30x 26.8x 19.9x 17.5x 15.3x
EV / FCF 39.6x 31.7x 35x 34.4x 31.7x 25.2x 21.5x 18.9x
FCF Yield 2.52% 3.15% 2.86% 2.9% 3.16% 3.97% 4.65% 5.3%
Dividend per Share 2 1.81 2.04 2.37 2.74 3.04 3.48 3.896 4.281
Rate of return 0.5% 0.59% 0.56% 0.52% 0.53% 0.71% 0.8% 0.87%
EPS 2 8.76 10.22 11.83 13.89 16.52 19.32 22.65 26.15
Distribution rate 20.7% 20% 20% 19.7% 18.4% 18% 17.2% 16.4%
Net sales 1 18,884 22,237 25,098 28,167 32,791 37,085 41,729 46,798
EBITDA 1 10,984 13,401 15,346 17,349 20,544 23,396 26,430 29,722
EBIT 1 10,258 12,651 14,547 16,452 19,401 22,153 25,039 28,197
Net income 1 8,687 9,930 11,195 12,874 14,968 17,095 19,517 21,898
Net Debt 1 6,007 6,615 6,501 9,454 8,102 7,433 4,913 -806
Reference price 2 359.32 347.73 426.51 526.57 570.88 489.98 489.98 489.98
Nbr of stocks (in thousands) 982,557 961,460 937,776 917,831 897,996 883,584 - -
Announcement Date 1/27/22 1/26/23 1/31/24 1/30/25 1/29/26 - - -
1USD in Million2USD
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
68.04x - - 1.57% 1.09B
10.79x0.08x1.75x1.73% 374M
4.73x0.35x3.36x5.77% 178M
5.59x-0.04x-0.48x4.17% 167M
Average 22.29x 0.13x 1.54x 3.31% 452.77M
Weighted average by Cap. 44.22x 0.12x 1.63x 2.26%

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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