Company Valuation: Microsoft Corporation

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,920,840 2,532,081 3,321,869 3,697,022 2,770,955 3,752,945 - -
Change - 31.82% 31.19% 11.29% -25.05% 35.44% - -
Enterprise Value (EV) 1 1,865,864 2,468,056 3,291,263 3,645,608 2,734,406 3,706,479 3,704,455 3,852,515
Change - 32.27% 33.35% 10.77% -24.99% 35.55% -0.05% 4%
P/E 26.6x 35.2x 37.9x 36.5x 20.8x 25.7x 21.4x 17.5x
PBR 11.5x 12.3x 12.4x 10.8x 6.26x 6.57x 5.14x 4x
PEG - 113.23x 1.7x 2.3x 0.7x 2.64x 1.1x 0.8x
Capitalization / Revenue 9.69x 11.9x 13.6x 13.1x 8.35x 9.6x 8.03x 6.6x
EV / Revenue 9.41x 11.6x 13.4x 12.9x 8.24x 9.48x 7.93x 6.78x
EV / EBITDA 19.1x 23.8x 25x 22.4x 13.8x 15.5x 12.6x 10.4x
EV / EBIT 22.4x 27.5x 30.1x 28.4x 17.6x 20.3x 17.1x 14.6x
EV / FCF 28.6x 41.5x 44.4x 50.9x 40.8x 115x 80.9x 40.9x
FCF Yield 3.49% 2.41% 2.25% 1.96% 2.45% 0.87% 1.24% 2.45%
Dividend per Share 2 2.48 2.72 3 3.32 3.64 3.898 4.26 4.421
Rate of return 0.97% 0.8% 0.67% 0.67% 0.98% 0.77% 0.84% 0.87%
EPS 2 9.65 9.68 11.8 13.64 17.95 19.7 23.59 28.89
Distribution rate 25.7% 28.1% 25.4% 24.3% 20.3% 19.8% 18.1% 15.3%
Net sales 1 198,270 211,915 245,122 281,724 331,839 391,039 467,439 568,207
EBITDA 1 97,843 103,555 131,720 162,681 198,685 238,986 294,297 369,739
EBIT 1 83,383 89,694 109,433 128,528 155,237 182,205 216,963 263,201
Net income 1 72,738 72,361 88,136 101,832 133,749 146,958 175,853 212,952
Net Debt 1 -54,976 -64,025 -30,606 -51,414 -36,549 -46,466 -48,490 99,570
Reference price 2 256.83 340.54 446.95 497.41 373.02 505.41 505.41 505.41
Nbr of stocks (in thousands) 7,479,033 7,435,488 7,432,306 7,432,544 7,428,435 7,425,545 - -
Announcement Date 7/26/22 7/25/23 7/30/24 7/30/25 7/29/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.66x9.48x15.51x0.77% 3,753B
113.54x49.4x80.17x-.--% 416B
58.07x12.27x25.88x-.--% 76.85B
407.81x17.47x69.06x-.--% 82.61B
96.03x8.22x20.82x-.--% 73.1B
36.66x1.8x14.38x-.--% 66.56B
194.82x6.22x24.03x-.--% 48.8B
120.99x4.78x23.41x-.--% 41.68B
26.99x5.57x26.71x-.--% 35.61B
Average 120.06x 12.80x 33.33x 0.09% 510.51B
Weighted average by Cap. 44.99x 13.05x 22.82x 0.63%

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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  5. Valuation Microsoft Corporation
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