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 2,888,473 - -
Change - -5.86% 31.82% 31.19% 11.29% -21.87% - -
Enterprise Value (EV) 1 1,968,116 1,865,864 2,468,056 3,291,263 3,645,608 2,839,886 2,840,958 2,809,318
Change - -5.2% 32.27% 33.35% 10.77% -22.1% 0.04% -1.11%
P/E 33.7x 26.6x 35.2x 37.9x 36.5x 22.4x 19.9x 17x
PBR 14.3x 11.5x 12.3x 12.4x 10.8x 6.47x 4.93x 3.95x
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 8.77x 7.51x 6.36x
EV / Revenue 11.7x 9.41x 11.6x 13.4x 12.9x 8.62x 7.39x 6.18x
EV / EBITDA 24.1x 19.1x 23.8x 25x 22.4x 14.3x 11.9x 9.64x
EV / EBIT 28.1x 22.4x 27.5x 30.1x 28.4x 18.5x 15.9x 13.4x
EV / FCF 35.1x 28.6x 41.5x 44.4x 50.9x 43.9x 51.3x 45.8x
FCF Yield 2.85% 3.49% 2.41% 2.25% 1.96% 2.28% 1.95% 2.18%
Dividend per Share 2 2.24 2.48 2.72 3 3.32 3.686 4.036 4.37
Rate of return 0.83% 0.97% 0.8% 0.67% 0.67% 0.95% 1.04% 1.12%
EPS 2 8.05 9.65 9.68 11.8 13.64 17.34 19.54 22.92
Distribution rate 27.8% 25.7% 28.1% 25.4% 24.3% 21.3% 20.7% 19.1%
Net sales 1 168,088 198,270 211,915 245,122 281,724 329,501 384,455 454,307
EBITDA 1 81,602 97,843 103,555 131,720 162,681 198,188 239,265 291,380
EBIT 1 69,916 83,383 89,694 109,433 128,528 153,658 178,936 209,781
Net income 1 61,271 72,738 72,361 88,136 101,832 129,242 145,542 169,734
Net Debt 1 -72,188 -54,976 -64,025 -30,606 -51,414 -48,586 -47,514 -79,155
Reference price 2 270.90 256.83 340.54 446.95 497.41 388.84 388.84 388.84
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.($)
98.25x39.69x66.35x-.--% 318B
123.57x39.45x124.78x0.14% 127B
83.51x16.78x36.47x-.--% 104B
485.88x19.85x79.94x-.--% 90.9B
163.44x9.52x23.53x-.--% 84.69B
34.7x1.83x14.33x-.--% 64.31B
140.92x5.5x27.6x-.--% 47.98B
-37.75x5.07x24.28x-.--% 40.83B
18.89x3.45x9.6x1.52% 27.71B
Average 123.49x 15.68x 45.21x 0.18% 100.5B
Weighted average by Cap. 134.34x 25.03x 59.07x 0.07%

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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