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 2,899,615 - -
Change - -5.86% 31.82% 31.19% 11.29% -21.57% - -
Enterprise Value (EV) 1 1,968,116 1,865,864 2,468,056 3,291,263 3,645,608 2,851,029 2,852,101 2,820,460
Change - -5.2% 32.27% 33.35% 10.77% -21.8% 0.04% -1.11%
P/E Ratio 33.7x 26.6x 35.2x 37.9x 36.5x 22.5x 20x 17x
PBR 14.3x 11.5x 12.3x 12.4x 10.8x 6.48x 4.94x 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 8.79x 7.53x 6.38x
EV / Revenue 11.7x 9.41x 11.6x 13.4x 12.9x 8.64x 7.41x 6.2x
EV / EBITDA 24.1x 19.1x 23.8x 25x 22.4x 14.4x 11.9x 9.65x
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 43.8x 48.1x 41.5x
FCF Yield 2.85% 3.49% 2.41% 2.25% 1.96% 2.28% 2.08% 2.41%
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% 0.94% 1.03% 1.12%
EPS 2 8.05 9.65 9.68 11.8 13.64 17.34 19.55 23
Distribution rate 27.8% 25.7% 28.1% 25.4% 24.3% 21.3% 20.6% 19%
Net sales 1 168,088 198,270 211,915 245,122 281,724 330,052 384,849 454,701
EBITDA 1 81,602 97,843 103,555 131,720 162,681 198,214 238,932 292,132
EBIT 1 69,916 83,383 89,694 109,433 128,528 153,926 179,151 210,614
Net income 1 61,271 72,738 72,361 88,136 101,832 129,242 145,293 169,728
Net Debt 1 -72,188 -54,976 -64,025 -30,606 -51,414 -48,586 -47,514 -79,155
Reference price 2 270.90 256.83 340.54 446.95 497.41 390.34 390.34 390.34
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 Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.51x8.64x14.38x0.94% 2,900B
96.75x39.23x65.59x-.--% 314B
112.92x33.54x113.49x0.16% 113B
85.41x17.15x37.4x-.--% 106B
169.13x9.78x24.95x-.--% 87.37B
420.27x18.12x72.99x-.--% 83.38B
28.2x1.44x11.21x-.--% 52.48B
122.98x4.51x22.96x-.--% 39.38B
97.65x5.06x24.32x-.--% 31.36B
-28.57x3.77x18.07x-.--% 31.14B
Average 112.73x 14.12x 40.54x 0.11% 375.79B
Weighted average by Cap. 46.78x 12.21x 24.00x 0.73%

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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