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 2,954,660 - -
Change - -5.86% 31.82% 31.19% 11.29% -20.08% - -
Enterprise Value (EV) 1 1,968,116 1,865,864 2,468,056 3,291,263 3,645,608 2,898,461 2,920,697 2,924,898
Change - -5.2% 32.27% 33.35% 10.77% -20.49% 0.77% 0.14%
P/E 33.7x 26.6x 35.2x 37.9x 36.5x 22.9x 20.4x 17.3x
PBR 14.3x 11.5x 12.3x 12.4x 10.8x 6.62x 5.06x 4.04x
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 8.97x 7.67x 6.48x
EV / Revenue 11.7x 9.41x 11.6x 13.4x 12.9x 8.79x 7.59x 6.41x
EV / EBITDA 24.1x 19.1x 23.8x 25x 22.4x 14.6x 12.2x 10x
EV / EBIT 28.1x 22.4x 27.5x 30.1x 28.4x 18.9x 16.3x 13.9x
EV / FCF 35.1x 28.6x 41.5x 44.4x 50.9x 45.1x 50.8x 44.8x
FCF Yield 2.85% 3.49% 2.41% 2.25% 1.96% 2.22% 1.97% 2.23%
Dividend per Share 2 2.24 2.48 2.72 3 3.32 3.679 3.856 4.279
Rate of return 0.83% 0.97% 0.8% 0.67% 0.67% 0.92% 0.97% 1.08%
EPS 2 8.05 9.65 9.68 11.8 13.64 17.35 19.52 22.93
Distribution rate 27.8% 25.7% 28.1% 25.4% 24.3% 21.2% 19.8% 18.7%
Net sales 1 168,088 198,270 211,915 245,122 281,724 329,564 384,987 456,115
EBITDA 1 81,602 97,843 103,555 131,720 162,681 198,219 239,179 292,506
EBIT 1 69,916 83,383 89,694 109,433 128,528 153,746 178,996 210,142
Net income 1 61,271 72,738 72,361 88,136 101,832 129,302 145,544 169,617
Net Debt 1 -72,188 -54,976 -64,025 -30,606 -51,414 -56,199 -33,963 -29,762
Reference price 2 270.90 256.83 340.54 446.95 497.41 397.75 397.75 397.75
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.($)
98.34x39.72x66.41x-.--% 318B
121.79x38.88x122.97x0.14% 125B
460.23x19.78x79.53x-.--% 90.7B
76.62x15.4x33.57x-.--% 95.06B
144.21x8.47x21.62x-.--% 74.5B
35.36x1.86x14.55x-.--% 65.08B
119.76x5.02x24.84x-.--% 43.8B
-35.27x4.65x22.26x-.--% 37.59B
92.74x4.8x23.11x-.--% 29.78B
Average 123.75x 15.40x 45.43x 0.02% 97.75B
Weighted average by Cap. 131.03x 25.06x 59.22x 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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