Company Valuation: McDonald's Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 200,314 193,016 215,071 207,741 217,656 199,389 - -
Change - -3.64% 11.43% -3.41% 4.77% -8.39% - -
Enterprise Value (EV) 1 231,228 226,335 247,645 245,080 256,855 238,749 239,001 238,543
Change - -2.12% 9.41% -1.04% 4.8% -7.05% 0.11% -0.19%
P/E 26.7x 31.6x 25.6x 25.5x 25.6x 21.8x 19.9x 18.5x
PBR -43.4x -32.5x -46.1x -55.1x -121x 221x 53.3x 30.6x
PEG - -1.9x 0.7x -17.34x 5.21x 2.74x 2.11x 2.54x
Capitalization / Revenue 8.63x 8.33x 8.44x 8.01x 8.1x 7x 6.61x 6.29x
EV / Revenue 9.96x 9.76x 9.71x 9.46x 9.55x 8.38x 7.92x 7.52x
EV / EBITDA 19.4x 21.1x 17.7x 17.4x 17.3x 15.2x 14.2x 13.4x
EV / EBIT 23x 21.8x 20.6x 20.4x 20.4x 17.8x 16.7x 15.7x
EV / FCF 32.6x 41.2x 34.1x 36.7x 35.7x 30.8x 26.7x 24.6x
FCF Yield 3.07% 2.42% 2.93% 2.72% 2.8% 3.25% 3.74% 4.06%
Dividend per Share 2 5.25 5.66 6.23 6.78 7.17 7.493 7.885 8.432
Rate of return 1.96% 2.15% 2.1% 2.34% 2.35% 2.67% 2.81% 3%
EPS 2 10.04 8.33 11.56 11.39 11.95 12.9 14.12 15.14
Distribution rate 52.3% 67.9% 53.9% 59.5% 60% 58.1% 55.9% 55.7%
Net sales 1 23,223 23,183 25,494 25,920 26,885 28,486 30,166 31,708
EBITDA 1 11,939 10,751 13,991 14,100 14,820 15,724 16,824 17,791
EBIT 1 10,071 10,381 12,009 12,003 12,621 13,432 14,352 15,224
Net income 1 7,545 6,177 8,469 8,223 8,563 9,158 9,927 10,445
Net Debt 1 30,914 33,320 32,574 37,339 39,199 39,360 39,611 39,153
Reference price 2 268.07 263.53 296.51 289.89 305.63 280.63 280.63 280.63
Nbr of stocks (in thousands) 747,245 732,424 725,342 716,620 712,154 710,506 - -
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.($)
21.75x8.38x15.18x2.67% 199B
24.42x6.16x18.04x1.84% 45.4B
31.91x3.47x19.65x-.--% 45.4B
18.51x3.87x12.02x3.45% 25.95B
14.36x1.04x6.7x2.83% 14.41B
16.26x2.89x13.55x2.55% 10.37B
27.12x2.28x - 0.87% 6.31B
39.6x7.65x22.12x0.72% 4.85B
18.8x1.84x7.68x4.44% 4.69B
49.39x1.31x9.5x-.--% 2.28B
Average 26.21x 3.89x 13.83x 1.94% 35.9B
Weighted average by Cap. 23.16x 6.45x 15.46x 2.23%

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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  4. Valuation McDonald's Corporation