Financials Microsoft Corporation

Equities

MSFT

US5949181045

Software

Market Closed - Nasdaq 16:00:00 2024-06-24 EDT Pre-market 19:56:56
447.7 USD -0.47% Intraday chart for Microsoft Corporation 448.3 +0.15%

Valuation

Fiscal Period: Juni 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,026,511 1,543,306 2,040,304 1,920,840 2,532,081 3,327,220 - -
Enterprise Value (EV) 1 964,870 1,470,106 1,968,116 1,865,864 2,468,056 3,297,980 3,245,465 3,187,275
P/E ratio 26.5 x 35.3 x 33.7 x 26.6 x 35.2 x 37.9 x 33.6 x 28.6 x
Yield 1.37% 1% 0.83% 0.97% 0.8% 0.66% 0.72% 0.8%
Capitalization / Revenue 8.16 x 10.8 x 12.1 x 9.69 x 11.9 x 13.6 x 11.9 x 10.3 x
EV / Revenue 7.67 x 10.3 x 11.7 x 9.41 x 11.6 x 13.5 x 11.6 x 9.89 x
EV / EBITDA 17.7 x 22.4 x 24.1 x 19.1 x 23.8 x 25.4 x 21.9 x 18.5 x
EV / FCF 25.2 x 32.5 x 35.1 x 28.6 x 41.5 x 47.3 x 41.4 x 34 x
FCF Yield 3.97% 3.08% 2.85% 3.49% 2.41% 2.11% 2.42% 2.94%
Price to Book 10 x 13 x 14.3 x 11.5 x 12.3 x 12.2 x 9.3 x 7.36 x
Nbr of stocks (in thousands) 7,662,818 7,583,440 7,531,575 7,479,033 7,435,488 7,432,306 - -
Reference price 2 134.0 203.5 270.9 256.8 340.5 447.7 447.7 447.7
Announcement Date 7/18/19 7/22/20 7/27/21 7/26/22 7/25/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Juni 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 125,843 143,015 168,088 198,270 211,915 244,926 280,216 322,160
EBITDA 1 54,641 65,755 81,602 97,843 103,555 129,670 148,360 172,447
EBIT 1 42,959 52,959 69,916 83,383 89,694 108,648 122,582 142,657
Operating Margin 34.14% 37.03% 41.59% 42.06% 42.33% 44.36% 43.75% 44.28%
Earnings before Tax (EBT) 1 43,688 53,036 71,102 83,716 89,311 107,214 121,169 141,337
Net income 1 39,240 44,281 61,271 72,738 72,361 88,034 99,173 115,695
Net margin 31.18% 30.96% 36.45% 36.69% 34.15% 35.94% 35.39% 35.91%
EPS 2 5.060 5.760 8.050 9.650 9.680 11.81 13.34 15.64
Free Cash Flow 1 38,260 45,234 56,118 65,149 59,475 69,685 78,390 93,760
FCF margin 30.4% 31.63% 33.39% 32.86% 28.07% 28.45% 27.98% 29.1%
FCF Conversion (EBITDA) 70.02% 68.79% 68.77% 66.59% 57.43% 53.74% 52.84% 54.37%
FCF Conversion (Net income) 97.5% 102.15% 91.59% 89.57% 82.19% 79.16% 79.04% 81.04%
Dividend per Share 2 1.840 2.040 2.240 2.480 2.720 2.942 3.205 3.581
Announcement Date 7/18/19 7/22/20 7/27/21 7/26/22 7/25/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Net sales 1 51,728 49,360 51,865 50,122 52,747 52,857 56,189 56,517 62,020 61,858 64,367 65,267 70,035 69,841 73,093
EBITDA 1 25,743 24,137 24,513 24,308 25,218 25,901 28,128 30,816 32,991 33,608 33,376 36,047 36,922 37,322 37,747
EBIT 1 22,247 20,364 20,534 21,518 21,570 22,352 24,254 26,895 27,032 27,581 27,566 29,354 30,260 30,434 31,548
Operating Margin 43.01% 41.26% 39.59% 42.93% 40.89% 42.29% 43.17% 47.59% 43.59% 44.59% 42.83% 44.98% 43.21% 43.58% 43.16%
Earnings before Tax (EBT) 1 22,515 20,190 20,487 21,572 20,339 22,673 24,727 27,284 26,526 26,727 26,634 28,512 29,660 29,819 31,161
Net income 1 18,765 16,728 16,740 17,556 16,425 18,299 20,081 22,291 21,870 21,939 21,838 23,475 24,313 24,479 25,421
Net margin 36.28% 33.89% 32.28% 35.03% 31.14% 34.62% 35.74% 39.44% 35.26% 35.47% 33.93% 35.97% 34.71% 35.05% 34.78%
EPS 2 2.480 2.220 2.230 2.350 2.200 2.450 2.690 2.990 2.930 2.940 2.927 3.150 3.274 3.294 3.413
Dividend per Share 2 0.6200 0.6200 0.6200 0.6800 0.6800 0.6800 0.6800 0.7500 0.7500 0.7500 0.7480 0.8178 0.8178 0.8234 0.8196
Announcement Date 1/25/22 4/26/22 7/26/22 10/25/22 1/24/23 4/25/23 7/25/23 10/24/23 1/30/24 4/25/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: Juni 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 61,641 73,200 72,188 54,976 64,025 29,240 81,755 139,945
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 38,260 45,234 56,118 65,149 59,475 69,685 78,390 93,760
ROE (net income / shareholders' equity) 42.4% 40.1% 47.1% 47.2% 38.8% 35.7% 31.9% 30.2%
ROA (Net income/ Total Assets) 14.4% 15.1% 19.3% 20.8% 35.1% 18.7% 17.9% 18.8%
Assets 1 272,703 293,934 317,545 349,309 206,038 469,687 553,260 614,806
Book Value Per Share 2 13.40 15.60 18.90 22.30 27.70 36.80 48.10 60.80
Cash Flow per Share 2 6.730 7.900 10.10 11.80 11.70 15.70 19.00 25.00
Capex 1 13,925 15,441 20,622 23,886 28,107 44,395 51,925 56,715
Capex / Sales 11.07% 10.8% 12.27% 12.05% 13.26% 18.13% 18.53% 17.6%
Announcement Date 7/18/19 7/22/20 7/27/21 7/26/22 7/25/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
57
Last Close Price
447.7 USD
Average target price
489.8 USD
Spread / Average Target
+9.41%
Consensus
  1. Stock Market
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