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 3,741,064 - -
Change - 31.82% 31.19% 11.29% -25.05% 35.01% - -
Enterprise Value (EV) 1 1,865,864 2,468,056 3,291,263 3,645,608 2,734,406 3,694,598 3,692,574 3,840,634
Change - 32.27% 33.35% 10.77% -24.99% 35.12% -0.05% 4.01%
P/E 26.6x 35.2x 37.9x 36.5x 20.8x 25.6x 21.3x 17.5x
PBR 11.5x 12.3x 12.4x 10.8x 6.26x 6.55x 5.12x 3.99x
PEG - 113.23x 1.7x 2.3x 0.7x 2.63x 1.1x 0.8x
Capitalization / Revenue 9.69x 11.9x 13.6x 13.1x 8.35x 9.56x 7.99x 6.6x
EV / Revenue 9.41x 11.6x 13.4x 12.9x 8.24x 9.45x 7.88x 6.77x
EV / EBITDA 19.1x 23.8x 25x 22.4x 13.8x 15.4x 12.5x 10.4x
EV / EBIT 22.4x 27.5x 30.1x 28.4x 17.6x 20.3x 17x 14.6x
EV / FCF 28.6x 41.5x 44.4x 50.9x 40.8x 115x 81.1x 43.8x
FCF Yield 3.49% 2.41% 2.25% 1.96% 2.45% 0.87% 1.23% 2.28%
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% 0.85% 0.88%
EPS 2 9.65 9.68 11.8 13.64 17.95 19.7 23.64 28.76
Distribution rate 25.7% 28.1% 25.4% 24.3% 20.3% 19.8% 18% 15.4%
Net sales 1 198,270 211,915 245,122 281,724 331,839 391,158 468,329 567,246
EBITDA 1 97,843 103,555 131,720 162,681 198,685 240,191 296,027 369,739
EBIT 1 83,383 89,694 109,433 128,528 155,237 182,015 217,016 262,589
Net income 1 72,738 72,361 88,136 101,832 133,749 146,991 176,329 212,963
Net Debt 1 -54,976 -64,025 -30,606 -51,414 -36,549 -46,466 -48,490 99,570
Reference price 2 256.83 340.54 446.95 497.41 373.02 503.81 503.81 503.81
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
25.69x9.49x15.45x0.77% 3,758B
116.03x49.95x80.93x-.--% 421B
460.69x19.94x78.45x-.--% 93.64B
69.13x14.58x30.74x-.--% 91.41B
152.55x8.92x22.76x-.--% 78.83B
38.4x2.03x16.02x-.--% 70.31B
117.74x5.46x26.07x-.--% 47.41B
-279.36x5.81x19.24x-.--% 38.54B
29.08x6x28.75x-.--% 38.4B
Average 81.11x 13.57x 35.38x 0.09% 515.27B
Weighted average by Cap. 44.32x 13.25x 23.35x 0.62%

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