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 3,711,733 - -
Change - 31.82% 31.19% 11.29% -25.05% 33.95% - -
Enterprise Value (EV) 1 1,865,864 2,468,056 3,291,263 3,645,608 2,734,406 3,674,266 3,663,218 3,711,756
Change - 32.27% 33.35% 10.77% -24.99% 34.37% -0.3% 1.33%
P/E 26.6x 35.2x 37.9x 36.5x 20.8x 25.4x 21.2x 17.7x
PBR 11.5x 12.3x 12.4x 10.8x 6.26x 6.51x 5.1x 3.97x
PEG - 113.23x 1.7x 2.3x 0.7x 2.64x 1.1x 0.9x
Capitalization / Revenue 9.69x 11.9x 13.6x 13.1x 8.35x 9.49x 7.94x 6.6x
EV / Revenue 9.41x 11.6x 13.4x 12.9x 8.24x 9.4x 7.84x 6.6x
EV / EBITDA 19.1x 23.8x 25x 22.4x 13.8x 15.3x 12.4x 10.1x
EV / EBIT 22.4x 27.5x 30.1x 28.4x 17.6x 20.2x 16.9x 14.3x
EV / FCF 28.6x 41.5x 44.4x 50.9x 40.8x 121x 83.9x 48x
FCF Yield 3.49% 2.41% 2.25% 1.96% 2.45% 0.82% 1.19% 2.09%
Dividend per Share 2 2.48 2.72 3 3.32 3.64 3.932 4.313 4.482
Rate of return 0.97% 0.8% 0.67% 0.67% 0.98% 0.79% 0.86% 0.9%
EPS 2 9.65 9.68 11.8 13.64 17.95 19.68 23.56 28.24
Distribution rate 25.7% 28.1% 25.4% 24.3% 20.3% 20% 18.3% 15.9%
Net sales 1 198,270 211,915 245,122 281,724 331,839 391,042 467,463 562,779
EBITDA 1 97,843 103,555 131,720 162,681 198,685 239,855 294,898 369,174
EBIT 1 83,383 89,694 109,433 128,528 155,237 181,846 216,366 258,848
Net income 1 72,738 72,361 88,136 101,832 133,749 146,878 175,799 210,068
Net Debt 1 -54,976 -64,025 -30,606 -51,414 -36,549 -37,467 -48,515 22.86
Reference price 2 256.83 340.54 446.95 497.41 373.02 499.86 499.86 499.86
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.($)
25.4x9.4x15.32x0.79% 3,712B
104.28x44.37x71.89x-.--% 375B
375.92x17.25x69.94x-.--% 81.62B
70.49x14.86x31.34x-.--% 93.2B
150.44x8.8x22.47x-.--% 77.74B
37.13x1.96x15.41x-.--% 67.99B
113.29x4.97x24.3x-.--% 43.47B
21.83x4.13x11.4x1.3% 33.15B
24.55x4.19x9.7x-.--% 29.7B
Average 102.59x 12.21x 30.20x 0.23% 501.48B
Weighted average by Cap. 42.36x 12.32x 21.48x 0.66%

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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