Company Valuation: McDonald's Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 200,314 193,016 215,071 207,741 217,656 195,097 - -
Change - -3.64% 11.43% -3.41% 4.77% -10.36% - -
Enterprise Value (EV) 1 231,228 226,335 247,645 245,080 256,855 234,303 234,756 234,868
Change - -2.12% 9.41% -1.04% 4.8% -8.78% 0.19% 0.05%
P/E 26.7x 31.6x 25.6x 25.5x 25.6x 21.5x 19.7x 18.4x
PBR -43.4x -32.5x -46.1x -55.1x -121x 657x 70.8x 36.9x
PEG - -1.9x 0.7x -17.34x 5.21x 3.01x 2.18x 2.51x
Capitalization / Revenue 8.63x 8.33x 8.44x 8.01x 8.1x 6.92x 6.58x 6.28x
EV / Revenue 9.96x 9.76x 9.71x 9.46x 9.55x 8.31x 7.92x 7.57x
EV / EBITDA 19.4x 21.1x 17.7x 17.4x 17.3x 15x 14.2x 13.4x
EV / EBIT 23x 21.8x 20.6x 20.4x 20.4x 17.6x 16.6x 15.7x
EV / FCF 32.6x 41.2x 34.1x 36.7x 35.7x 32.1x 27.2x 24.4x
FCF Yield 3.07% 2.42% 2.93% 2.72% 2.8% 3.11% 3.68% 4.1%
Dividend per Share 2 5.25 5.66 6.23 6.78 7.17 7.502 7.895 8.456
Rate of return 1.96% 2.15% 2.1% 2.34% 2.35% 2.72% 2.86% 3.07%
EPS 2 10.04 8.33 11.56 11.39 11.95 12.8 13.96 14.98
Distribution rate 52.3% 67.9% 53.9% 59.5% 60% 58.6% 56.6% 56.4%
Net sales 1 23,223 23,183 25,494 25,920 26,885 28,200 29,649 31,045
EBITDA 1 11,939 10,751 13,991 14,100 14,820 15,617 16,580 17,549
EBIT 1 10,071 10,381 12,009 12,003 12,621 13,337 14,160 14,989
Net income 1 7,545 6,177 8,469 8,223 8,563 9,090 9,805 10,473
Net Debt 1 30,914 33,320 32,574 37,339 39,199 39,206 39,659 39,771
Reference price 2 268.07 263.53 296.51 289.89 305.63 275.70 275.70 275.70
Nbr of stocks (in thousands) 747,245 732,424 725,342 716,620 712,154 707,642 - -
Announcement Date 1/27/22 1/31/23 2/5/24 2/10/25 2/11/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.53x8.31x15x2.72% 195B
29x3.43x19.45x-.--% 41.3B
18.48x5.72x16.67x1.99% 41.03B
17.11x3.88x12.04x3.44% 26.12B
16.28x1.18x7.77x2.48% 16.4B
18.6x3.18x14.81x2.25% 11.7B
29.02x2.4x - 0.83% 6.59B
19.4x2.08x8.52x4.1% 5.44B
25.63x5.42x15.58x1.13% 3.05B
Average 21.67x 3.96x 13.73x 2.11% 38.53B
Weighted average by Cap. 21.53x 6.34x 15.06x 2.31%

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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  5. Valuation McDonald's Corporation