Company Valuation: Microsoft Corporation

Data adjusted to current consolidation scope
Fiscal Period: June 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 1,543,306 2,040,304 1,920,840 2,532,081 3,321,869 3,561,229 - -
Change - 32.2% -5.86% 31.82% 31.19% 7.21% - -
Enterprise Value (EV) 1 1,470,106 1,968,116 1,865,864 2,468,056 3,291,263 3,516,951 3,479,460 3,437,253
Change - 33.88% -5.2% 32.27% 33.35% 6.86% -1.07% -1.21%
P/E ratio 35.3x 33.7x 26.6x 35.2x 37.9x 35.8x 31.7x 27.1x
PBR 13x 14.3x 11.5x 12.3x 12.4x 10.4x 8.05x 6.38x
PEG - 0.8x 1.3x 113.23x 1.7x 2.6x 2.5x 1.6x
Capitalization / Revenue 10.8x 12.1x 9.69x 11.9x 13.6x 12.8x 11.3x 9.83x
EV / Revenue 10.3x 11.7x 9.41x 11.6x 13.4x 12.6x 11x 9.48x
EV / EBITDA 22.4x 24.1x 19.1x 23.8x 25x 22.6x 19.5x 16.7x
EV / EBIT 27.8x 28.1x 22.4x 27.5x 30.1x 27.9x 24.4x 21x
EV / FCF 32.5x 35.1x 28.6x 41.5x 44.4x 51.9x 44x 34.6x
FCF Yield 3.08% 2.85% 3.49% 2.41% 2.25% 1.93% 2.27% 2.89%
Dividend per Share 2 2.04 2.24 2.48 2.72 3 3.304 3.727 4.288
Rate of return 1% 0.83% 0.97% 0.8% 0.67% 0.69% 0.78% 0.89%
EPS 2 5.76 8.05 9.65 9.68 11.8 13.4 15.13 17.71
Distribution rate 35.4% 27.8% 25.7% 28.1% 25.4% 24.7% 24.6% 24.2%
Net sales 1 143,015 168,088 198,270 211,915 245,122 279,026 316,473 362,466
EBITDA 1 65,755 81,602 97,843 103,555 131,720 155,552 178,480 205,550
EBIT 1 52,959 69,916 83,383 89,694 109,433 126,177 142,374 163,769
Net income 1 44,281 61,271 72,738 72,361 88,136 99,993 112,689 130,360
Net Debt 1 -73,200 -72,188 -54,976 -64,025 -30,606 -44,278 -81,769 -123,976
Reference price 2 203.51 270.90 256.83 340.54 446.95 479.14 479.14 479.14
Nbr of stocks (in thousands) 7,583,440 7,531,575 7,479,033 7,435,488 7,432,306 7,432,544 - -
Announcement Date 7/22/20 7/27/21 7/26/22 7/25/23 7/30/24 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
35.76x12.6x22.61x0.69% 3,561B
419.5x83.95x186.79x-.--% 334B
52.59x4.08x26.08x-.--% 93.65B
70.32x15.65x33.32x-.--% 82.13B
47.14x10.13x23.86x-.--% 74.39B
-70.04x12.51x60.98x-.--% 68.13B
-170.08x9.69x38.41x-.--% 52.59B
33.24x6.1x17.11x0.85% 48.89B
-96.68x7.6x49.87x-.--% 43.64B
212.95x45.9x185.28x0.08% 34.73B
Average 53.47x 20.82x 64.43x 0.16% 439.31B
Weighted average by Cap. 62.06x 17.96x 37.66x 0.57%
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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