Company Valuation: Visa Inc.

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 439,689 341,101 434,825 523,056 634,836 700,467 - -
Change - -22.42% 27.48% 20.29% 21.37% 10.34% - -
Enterprise Value (EV) 1 440,449 345,029 435,160 528,717 641,010 709,961 706,886 699,275
Change - -21.66% 26.12% 21.5% 21.24% 10.76% -0.43% -1.08%
P/E 39.6x 25.4x 27.8x 28.3x 33.5x 30.5x 25.7x 22.6x
PBR 9.94x 10.7x 12.4x 14.3x 17.7x 19.9x 18x 15.7x
PEG - 1x 1.5x 1.6x 6.94x 1.3x 1.4x 1.6x
Capitalization / Revenue 18.2x 11.6x 13.3x 14.6x 15.9x 15.3x 13.8x 12.5x
EV / Revenue 18.3x 11.8x 13.3x 14.7x 16x 15.5x 13.9x 12.5x
EV / EBITDA 26.5x 17.5x 19.8x 20.9x 22.6x 22.1x 19.7x 17.6x
EV / EBIT 27.9x 18.3x 20.7x 21.7x 23.7x 23x 20.6x 18.4x
EV / FCF 30.3x 19.3x 22.1x 28.3x 29.7x 30.6x 25.9x 22.7x
FCF Yield 3.3% 5.18% 4.53% 3.54% 3.37% 3.26% 3.86% 4.41%
Dividend per Share 2 1.335 1.575 1.87 2.08 2.44 2.7 3.023 3.367
Rate of return 0.6% 0.89% 0.81% 0.76% 0.71% 0.71% 0.79% 0.88%
EPS 2 5.63 7 8.28 9.73 10.2 12.53 14.86 16.91
Distribution rate 23.7% 22.5% 22.6% 21.4% 23.9% 21.6% 20.3% 19.9%
Net sales 1 24,105 29,310 32,653 35,926 40,000 45,756 50,787 56,114
EBITDA 1 16,608 19,674 21,943 25,351 28,314 32,198 35,827 39,679
EBIT 1 15,804 18,813 21,000 24,317 27,094 30,842 34,357 38,071
Net income 1 12,311 14,957 17,273 19,743 20,058 23,911 27,631 30,582
Net Debt 1 760 3,928 335 5,661 6,174 9,493 6,418 -1,192
Reference price 2 222.75 177.65 230.01 274.95 341.38 381.60 381.60 381.60
Nbr of stocks (in thousands) 1,973,911 1,920,074 1,890,459 1,902,367 1,859,616 1,835,606 - -
Announcement Date 10/26/21 10/25/22 10/24/23 10/29/24 10/28/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.46x15.52x22.05x0.71% 700B
48.44x1.87x10.49x-.--% 50.21B
10.56x1.41x7.24x1.05% 45.9B
11.21x2.76x6.63x-.--% 28.28B
20.44x6.23x11.94x-.--% 26.78B
-22.26x3.45x7.35x1.11% 24.3B
88.1x8.62x79.52x-.--% 11.06B
19.9x6.45x19.92x-.--% 10.35B
16.58x2.79x6.6x4.64% 8.16B
Average 24.82x 5.45x 19.08x 0.83% 100.61B
Weighted average by Cap. 28.59x 12.74x 20.02x 0.67%

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