Financials McDonald's Corporation

Equities

MCD

US5801351017

Restaurants & Bars

Real-time Estimate Cboe BZX 10:30:16 2024-06-17 EDT 5-day change 1st Jan Change
252.5 USD -0.44% Intraday chart for McDonald's Corporation -0.51% -14.84%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 148,819 159,886 200,314 193,016 215,071 182,750 - -
Enterprise Value (EV) 1 182,038 191,634 231,228 226,335 247,645 218,942 219,396 220,551
P/E ratio 25.1 x 34 x 26.7 x 31.6 x 25.6 x 20.9 x 19.1 x 17.4 x
Yield 2.44% 2.35% 1.96% 2.15% 2.1% 2.64% 2.78% 3.05%
Capitalization / Revenue 7.06 x 8.32 x 8.63 x 8.33 x 8.44 x 6.86 x 6.49 x 6.13 x
EV / Revenue 8.64 x 9.98 x 9.96 x 9.76 x 9.71 x 8.22 x 7.79 x 7.4 x
EV / EBITDA 16.9 x 21.8 x 19.4 x 21.1 x 17.7 x 15.2 x 14.3 x 13.4 x
EV / FCF 31.8 x 41.4 x 32.6 x 41.2 x 34.1 x 26 x 24.3 x 20.8 x
FCF Yield 3.15% 2.41% 3.07% 2.42% 2.93% 3.85% 4.11% 4.82%
Price to Book -18 x -20.4 x -43.4 x -32.5 x -46.1 x -36.8 x -35.8 x -37.4 x
Nbr of stocks (in thousands) 753,093 745,111 747,245 732,424 725,342 720,682 - -
Reference price 2 197.6 214.6 268.1 263.5 296.5 253.6 253.6 253.6
Announcement Date 1/29/20 1/28/21 1/27/22 1/31/23 2/5/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 21,076 19,208 23,223 23,183 25,494 26,632 28,157 29,818
EBITDA 1 10,762 8,807 11,939 10,751 13,991 14,413 15,329 16,410
EBIT 1 9,144 7,056 10,071 10,381 12,009 12,362 13,177 14,028
Operating Margin 43.38% 36.74% 43.37% 44.78% 47.1% 46.42% 46.8% 47.05%
Earnings before Tax (EBT) 1 8,018 6,141 9,128 7,825 10,522 11,023 11,894 12,795
Net income 1 6,025 4,730 7,545 6,177 8,469 8,742 9,416 10,079
Net margin 28.59% 24.63% 32.49% 26.65% 33.22% 32.83% 33.44% 33.8%
EPS 2 7.880 6.310 10.04 8.330 11.56 12.14 13.29 14.59
Free Cash Flow 1 5,728 4,624 7,102 5,488 7,254 8,420 9,011 10,624
FCF margin 27.18% 24.08% 30.58% 23.67% 28.46% 31.62% 32% 35.63%
FCF Conversion (EBITDA) 53.23% 52.51% 59.48% 51.04% 51.85% 58.42% 58.78% 64.74%
FCF Conversion (Net income) 95.07% 97.76% 94.12% 88.83% 85.66% 96.32% 95.69% 105.4%
Dividend per Share 2 4.820 5.040 5.250 5.660 6.230 6.695 7.056 7.744
Announcement Date 1/29/20 1/28/21 1/27/22 1/31/23 2/5/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 6,009 5,666 5,718 5,872 5,926 5,898 6,498 6,692 6,406 6,169 6,659 6,983 6,801 6,483 7,005
EBITDA 1 2,933 2,405 3,103 3,230 2,674 2,632 3,217 3,331 3,437 2,870 3,662 3,868 3,597 3,460 3,879
EBIT 1 2,451 2,313 2,641 2,764 2,583 2,532 3,122 3,234 2,940 2,771 3,157 3,350 3,087 2,948 3,357
Operating Margin 40.79% 40.82% 46.18% 47.07% 43.58% 42.94% 48.05% 48.33% 45.89% 44.92% 47.4% 47.98% 45.39% 45.47% 47.93%
Earnings before Tax (EBT) 1 2,108 1,541 1,409 2,536 2,339 2,267 2,817 2,924 2,515 2,409 2,818 3,007 2,753 2,627 3,040
Net income 1 1,639 1,104 1,188 1,982 1,903 1,802 2,310 2,317 2,039 1,929 2,245 2,391 2,192 2,081 2,412
Net margin 27.27% 19.49% 20.78% 33.75% 32.12% 30.56% 35.56% 34.62% 31.83% 31.27% 33.71% 34.24% 32.23% 32.09% 34.43%
EPS 2 2.180 1.480 1.600 2.680 2.590 2.450 3.150 3.170 2.800 2.660 3.104 3.319 3.052 2.910 3.387
Dividend per Share 2 1.380 1.380 1.380 1.380 1.520 1.520 1.520 1.520 1.670 1.670 1.670 1.670 1.732 1.711 1.709
Announcement Date 1/27/22 4/28/22 7/26/22 10/27/22 1/31/23 4/25/23 7/27/23 10/30/23 2/5/24 4/30/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 33,220 31,748 30,914 33,320 32,574 36,192 36,645 37,801
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.087 x 3.605 x 2.589 x 3.099 x 2.328 x 2.511 x 2.391 x 2.304 x
Free Cash Flow 1 5,728 4,624 7,102 5,488 7,255 8,420 9,011 10,624
ROE (net income / shareholders' equity) - - - - - - - -
ROA (Net income/ Total Assets) 14.9% 9.45% 14.2% 11.8% 15.9% 15.4% 16.3% 17.4%
Assets 1 40,353 50,069 53,117 52,145 53,291 56,873 57,739 57,806
Book Value Per Share 2 -11.00 -10.50 -6.180 -8.100 -6.430 -6.890 -7.080 -6.790
Cash Flow per Share 2 10.60 8.350 12.20 9.960 13.10 15.20 16.50 17.70
Capex 1 2,394 1,641 2,040 1,899 2,357 2,566 2,835 3,328
Capex / Sales 11.36% 8.54% 8.78% 8.19% 9.25% 9.63% 10.07% 11.16%
Announcement Date 1/29/20 1/28/21 1/27/22 1/31/23 2/5/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
36
Last Close Price
253.6 USD
Average target price
310.1 USD
Spread / Average Target
+22.27%
Consensus
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  4. Financials McDonald's Corporation