Company Valuation: Microsoft Corporation

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,040,304 1,920,840 2,532,081 3,321,869 3,697,022 2,925,466 - -
Change - -5.86% 31.82% 31.19% 11.29% -20.87% - -
Enterprise Value (EV) 1 1,968,116 1,865,864 2,468,056 3,291,263 3,645,608 2,869,672 2,884,588 2,871,817
Change - -5.2% 32.27% 33.35% 10.77% -21.28% 0.52% -0.44%
P/E 33.7x 26.6x 35.2x 37.9x 36.5x 22.7x 20.1x 17.2x
PBR 14.3x 11.5x 12.3x 12.4x 10.8x 6.55x 4.97x 3.96x
PEG - 1.3x 113.23x 1.7x 2.3x 0.8x 1.6x 1x
Capitalization / Revenue 12.1x 9.69x 11.9x 13.6x 13.1x 8.88x 7.61x 6.42x
EV / Revenue 11.7x 9.41x 11.6x 13.4x 12.9x 8.71x 7.5x 6.31x
EV / EBITDA 24.1x 19.1x 23.8x 25x 22.4x 14.5x 12.1x 9.87x
EV / EBIT 28.1x 22.4x 27.5x 30.1x 28.4x 18.7x 16.1x 13.7x
EV / FCF 35.1x 28.6x 41.5x 44.4x 50.9x 44.3x 49.7x 43.9x
FCF Yield 2.85% 3.49% 2.41% 2.25% 1.96% 2.26% 2.01% 2.28%
Dividend per Share 2 2.24 2.48 2.72 3 3.32 3.686 3.871 4.31
Rate of return 0.83% 0.97% 0.8% 0.67% 0.67% 0.94% 0.98% 1.09%
EPS 2 8.05 9.65 9.68 11.8 13.64 17.34 19.55 22.96
Distribution rate 27.8% 25.7% 28.1% 25.4% 24.3% 21.3% 19.8% 18.8%
Net sales 1 168,088 198,270 211,915 245,122 281,724 329,508 384,644 455,389
EBITDA 1 81,602 97,843 103,555 131,720 162,681 198,484 239,366 290,887
EBIT 1 69,916 83,383 89,694 109,433 128,528 153,674 178,981 209,980
Net income 1 61,271 72,738 72,361 88,136 101,832 129,234 145,728 169,781
Net Debt 1 -72,188 -54,976 -64,025 -30,606 -51,414 -55,795 -40,878 -53,649
Reference price 2 270.90 256.83 340.54 446.95 497.41 393.82 393.82 393.82
Nbr of stocks (in thousands) 7,531,575 7,479,033 7,435,488 7,432,306 7,432,544 7,428,435 - -
Announcement Date 7/27/21 7/26/22 7/25/23 7/30/24 7/30/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
99.66x40.28x67.33x-.--% 322B
115.4x36.83x116.48x0.15% 119B
81.04x16.29x35.4x-.--% 101B
473.84x20.4x82.01x-.--% 93.38B
154.58x9.02x23.03x-.--% 79.85B
35.35x1.86x14.54x-.--% 65.06B
121.61x5.1x25.23x-.--% 44.48B
-36.29x4.79x22.95x-.--% 38.67B
97.69x5.07x24.42x-.--% 31.37B
Average 126.99x 15.52x 45.71x 0.02% 99.37B
Weighted average by Cap. 134.09x 24.94x 58.48x 0.02%

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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