Company Valuation: McDonald's Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 200,314 193,016 215,071 207,741 217,656 167,357 - -
Change - -3.64% 11.43% -3.41% 4.77% -23.11% - -
Enterprise Value (EV) 1 231,228 226,335 247,645 245,080 256,855 206,775 206,873 206,716
Change - -2.12% 9.41% -1.04% 4.8% -19.5% 0.05% -0.08%
P/E 26.7x 31.6x 25.6x 25.5x 25.6x 18.5x 17x 16.1x
PBR -43.4x -32.5x -46.1x -55.1x -121x 357x 60.4x 30.4x
PEG - -1.9x 0.7x -17.34x 5.21x 2.61x 2x 2.63x
Capitalization / Revenue 8.63x 8.33x 8.44x 8.01x 8.1x 5.94x 5.71x 5.66x
EV / Revenue 9.96x 9.76x 9.71x 9.46x 9.55x 7.34x 7.06x 6.99x
EV / EBITDA 19.4x 21.1x 17.7x 17.4x 17.3x 13.3x 12.5x 11.9x
EV / EBIT 23x 21.8x 20.6x 20.4x 20.4x 15.5x 14.7x 14x
EV / FCF 32.6x 41.2x 34.1x 36.7x 35.7x 28.5x 23.7x 21.9x
FCF Yield 3.07% 2.42% 2.93% 2.72% 2.8% 3.51% 4.21% 4.56%
Dividend per Share 2 5.25 5.66 6.23 6.78 7.17 7.495 7.843 8.337
Rate of return 1.96% 2.15% 2.1% 2.34% 2.35% 3.17% 3.32% 3.53%
EPS 2 10.04 8.33 11.56 11.39 11.95 12.8 13.88 14.73
Distribution rate 52.3% 67.9% 53.9% 59.5% 60% 58.6% 56.5% 56.6%
Net sales 1 23,223 23,183 25,494 25,920 26,885 28,179 29,300 29,583
EBITDA 1 11,939 10,751 13,991 14,100 14,820 15,576 16,497 17,321
EBIT 1 10,071 10,381 12,009 12,003 12,621 13,313 14,089 14,778
Net income 1 7,545 6,177 8,469 8,223 8,563 9,069 9,701 10,197
Net Debt 1 30,914 33,320 32,574 37,339 39,199 39,418 39,515 39,359
Reference price 2 268.07 263.53 296.51 289.89 305.63 236.50 236.50 236.50
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.($)
18.48x7.34x13.28x3.17% 167B
27.8x3.44x19.51x-.--% 39.65B
16.65x5.47x16.33x2.18% 37.83B
16.19x3.76x11.7x3.6% 24.99B
13.69x0.98x6.4x2.94% 13.78B
15.34x2.78x12.97x2.73% 9.66B
27.88x2.3x - 0.87% 6.4B
19.07x2.05x8.34x4.14% 5.33B
Average 19.39x 3.52x 12.65x 2.45% 38.12B
Weighted average by Cap. 19.17x 5.68x 13.94x 2.61%

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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  3. MCD Stock
  4. MDO1 Stock
  5. Valuation McDonald's Corporation