Company Valuation: Microsoft Corporation

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 2,040,304 1,920,840 2,532,081 3,321,869 3,697,022 3,120,695 - -
Change - -5.86% 31.82% 31.19% 11.29% -15.59% - -
Enterprise Value (EV) 1 1,968,116 1,865,864 2,468,056 3,291,263 3,645,608 3,061,328 3,027,157 2,997,911
Change - -5.2% 32.27% 33.35% 10.77% -16.03% -1.12% -0.97%
P/E ratio 33.7x 26.6x 35.2x 37.9x 36.5x 24.5x 22.2x 18.6x
PBR 14.3x 11.5x 12.3x 12.4x 10.8x 7.04x 5.4x 4.32x
PEG - 1.3x 113.23x 1.7x 2.3x 1x 2.1x 1x
Capitalization / Revenue 12.1x 9.69x 11.9x 13.6x 13.1x 9.52x 8.24x 7.08x
EV / Revenue 11.7x 9.41x 11.6x 13.4x 12.9x 9.34x 7.99x 6.8x
EV / EBITDA 24.1x 19.1x 23.8x 25x 22.4x 15.5x 13.1x 10.9x
EV / EBIT 28.1x 22.4x 27.5x 30.1x 28.4x 20.2x 17.4x 14.7x
EV / FCF 35.1x 28.6x 41.5x 44.4x 50.9x 43.3x 38.4x 31.5x
FCF Yield 2.85% 3.49% 2.41% 2.25% 1.96% 2.31% 2.6% 3.18%
Dividend per Share 2 2.24 2.48 2.72 3 3.32 3.562 4.005 4.239
Rate of return 0.83% 0.97% 0.8% 0.67% 0.67% 0.85% 0.95% 1.01%
EPS 2 8.05 9.65 9.68 11.8 13.64 17.13 18.95 22.58
Distribution rate 27.8% 25.7% 28.1% 25.4% 24.3% 20.8% 21.1% 18.8%
Net sales 1 168,088 198,270 211,915 245,122 281,724 327,863 378,857 440,946
EBITDA 1 81,602 97,843 103,555 131,720 162,681 197,311 231,387 275,114
EBIT 1 69,916 83,383 89,694 109,433 128,528 151,649 174,457 203,549
Net income 1 61,271 72,738 72,361 88,136 101,832 127,584 141,716 167,198
Net Debt 1 -72,188 -54,976 -64,025 -30,606 -51,414 -59,367 -93,537 -122,784
Reference price 2 270.90 256.83 340.54 446.95 497.41 420.26 420.26 420.26
Nbr of stocks (in thousands) 7,531,575 7,479,033 7,435,488 7,432,306 7,432,544 7,425,629 - -
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.($)
24.01x9.13x15.18x0.87% 3,054B
125.66x45.25x77.63x-.--% 340B
179.04x9.46x21.57x-.--% 83.99B
63.42x13.48x28.25x-.--% 83.96B
90.1x31.71x85.69x-.--% 78.79B
33.42x2.05x13.11x-.--% 53.48B
-36.35x4.66x18.84x-.--% 42.37B
-115.93x6.05x36.82x-.--% 39.66B
18.94x3.36x9.31x1.56% 28.08B
25.22x3.47x8.05x-.--% 26.23B
Average 40.75x 12.86x 31.44x 0.24% 383.01B
Weighted average by Cap. 36.64x 12.64x 22.74x 0.7%

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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