Company Valuation: McDonald's Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 200,314 193,016 215,071 207,741 217,656 189,259 - -
Change - -3.64% 11.43% -3.41% 4.77% -13.05% - -
Enterprise Value (EV) 1 231,228 226,335 247,645 245,080 256,855 228,547 228,825 228,906
Change - -2.12% 9.41% -1.04% 4.8% -11.02% 0.12% 0.04%
P/E 26.7x 31.6x 25.6x 25.5x 25.6x 20.9x 19.1x 17.8x
PBR -43.4x -32.5x -46.1x -55.1x -121x 637x 68.7x 35.8x
PEG - -1.9x 0.7x -17.34x 5.21x 2.88x 2.13x 2.41x
Capitalization / Revenue 8.63x 8.33x 8.44x 8.01x 8.1x 6.71x 6.38x 6.1x
EV / Revenue 9.96x 9.76x 9.71x 9.46x 9.55x 8.1x 7.71x 7.38x
EV / EBITDA 19.4x 21.1x 17.7x 17.4x 17.3x 14.6x 13.8x 13x
EV / EBIT 23x 21.8x 20.6x 20.4x 20.4x 17.1x 16.2x 15.3x
EV / FCF 32.6x 41.2x 34.1x 36.7x 35.7x 31.2x 26.8x 24.2x
FCF Yield 3.07% 2.42% 2.93% 2.72% 2.8% 3.2% 3.73% 4.13%
Dividend per Share 2 5.25 5.66 6.23 6.78 7.17 7.504 7.896 8.458
Rate of return 1.96% 2.15% 2.1% 2.34% 2.35% 2.81% 2.95% 3.16%
EPS 2 10.04 8.33 11.56 11.39 11.95 12.82 13.97 15
Distribution rate 52.3% 67.9% 53.9% 59.5% 60% 58.5% 56.5% 56.4%
Net sales 1 23,223 23,183 25,494 25,920 26,885 28,207 29,661 31,027
EBITDA 1 11,939 10,751 13,991 14,100 14,820 15,622 16,580 17,550
EBIT 1 10,071 10,381 12,009 12,003 12,621 13,342 14,160 14,993
Net income 1 7,545 6,177 8,469 8,223 8,563 9,095 9,805 10,475
Net Debt 1 30,914 33,320 32,574 37,339 39,199 39,288 39,566 39,647
Reference price 2 268.07 263.53 296.51 289.89 305.63 267.45 267.45 267.45
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.($)
20.87x8.1x14.63x2.81% 189B
30.78x3.77x21.35x-.--% 43.86B
17.95x5.59x16.32x2.05% 39.82B
17.43x3.96x12.29x3.34% 26.89B
16.18x1.17x7.68x2.5% 16.29B
17.7x3.07x14.3x2.37% 11.13B
29.1x2.41x - 0.83% 6.64B
19.28x2.15x8.77x3.98% 5.6B
27.59x5.73x16.46x1.05% 3.28B
66.42x1.74x12.71x-.--% 2.96B
Average 26.33x 3.77x 13.83x 1.89% 34.57B
Weighted average by Cap. 21.78x 6.17x 15.07x 2.32%

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