Company Valuation: McDonald's Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 200,314 193,016 215,071 207,741 217,656 163,423 - -
Change - -3.64% 11.43% -3.41% 4.77% -24.92% - -
Enterprise Value (EV) 1 231,228 226,335 247,645 245,080 256,855 202,833 203,052 203,207
Change - -2.12% 9.41% -1.04% 4.8% -21.03% 0.11% 0.08%
P/E 26.7x 31.6x 25.6x 25.5x 25.6x 18.1x 16.7x 15.8x
PBR -43.4x -32.5x -46.1x -55.1x -121x 349x 65.3x 33.4x
PEG - -1.9x 0.7x -17.34x 5.21x 2.56x 2.08x 2.78x
Capitalization / Revenue 8.63x 8.33x 8.44x 8.01x 8.1x 5.8x 5.61x 5.67x
EV / Revenue 9.96x 9.76x 9.71x 9.46x 9.55x 7.2x 6.97x 7.05x
EV / EBITDA 19.4x 21.1x 17.7x 17.4x 17.3x 13x 12.4x 11.9x
EV / EBIT 23x 21.8x 20.6x 20.4x 20.4x 15.2x 14.5x 13.8x
EV / FCF 32.6x 41.2x 34.1x 36.7x 35.7x 27.8x 23.2x 21.8x
FCF Yield 3.07% 2.42% 2.93% 2.72% 2.8% 3.6% 4.31% 4.59%
Dividend per Share 2 5.25 5.66 6.23 6.78 7.17 7.498 7.833 8.305
Rate of return 1.96% 2.15% 2.1% 2.34% 2.35% 3.25% 3.39% 3.6%
EPS 2 10.04 8.33 11.56 11.39 11.95 12.79 13.82 14.61
Distribution rate 52.3% 67.9% 53.9% 59.5% 60% 58.6% 56.7% 56.9%
Net sales 1 23,223 23,183 25,494 25,920 26,885 28,171 29,134 28,803
EBITDA 1 11,939 10,751 13,991 14,100 14,820 15,567 16,428 17,129
EBIT 1 10,071 10,381 12,009 12,003 12,621 13,306 14,041 14,673
Net income 1 7,545 6,177 8,469 8,223 8,563 9,067 9,660 10,108
Net Debt 1 30,914 33,320 32,574 37,339 39,199 39,410 39,630 39,785
Reference price 2 268.07 263.53 296.51 289.89 305.63 230.94 230.94 230.94
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.($)
18.05x7.2x13.03x3.25% 163B
41.39x3.36x21.86x2.68% 107B
22.3x1.14x11.18x2.5% 50.13B
28.37x3.5x19.85x-.--% 40.43B
14.59x5.39x16.09x2.22% 37.21B
15.9x3.73x11.62x3.63% 24.79B
17.2x1.77x10.7x3.35% 21.94B
29.63x0.93x12.07x0.89% 14.12B
13.9x0.99x6.49x2.89% 13.99B
Average 22.37x 3.11x 13.66x 2.38% 52.57B
Weighted average by Cap. 24.46x 4.43x 15.25x 2.62%

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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