Company Valuation: Visa Inc.

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 439,689 341,101 434,825 523,056 634,836 675,466 - -
Change - -22.42% 27.48% 20.29% 21.37% 6.4% - -
Enterprise Value (EV) 1 440,449 345,029 435,160 528,717 641,010 684,960 681,885 674,274
Change - -21.66% 26.12% 21.5% 21.24% 6.86% -0.45% -1.12%
P/E 39.6x 25.4x 27.8x 28.3x 33.5x 29.4x 24.8x 21.8x
PBR 9.94x 10.7x 12.4x 14.3x 17.7x 19.2x 17.3x 15.2x
PEG - 1x 1.5x 1.6x 6.94x 1.3x 1.3x 1.6x
Capitalization / Revenue 18.2x 11.6x 13.3x 14.6x 15.9x 14.8x 13.3x 12x
EV / Revenue 18.3x 11.8x 13.3x 14.7x 16x 15x 13.4x 12x
EV / EBITDA 26.5x 17.5x 19.8x 20.9x 22.6x 21.3x 19x 17x
EV / EBIT 27.9x 18.3x 20.7x 21.7x 23.7x 22.2x 19.8x 17.7x
EV / FCF 30.3x 19.3x 22.1x 28.3x 29.7x 29.6x 25x 21.9x
FCF Yield 3.3% 5.18% 4.53% 3.54% 3.37% 3.38% 4% 4.57%
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% 0.73% 0.82% 0.91%
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 35,889 39,770
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 2 222.75 177.65 230.01 274.95 341.38 367.98 367.98 367.98
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.($)
29.37x14.97x21.27x0.73% 675B
46.62x1.72x9.66x-.--% 46.39B
10.34x1.38x7.09x1.07% 45B
20.08x6.13x11.69x-.--% 26.28B
9.75x2.57x6.19x-.--% 24.45B
-20.14x3.26x6.98x1.21% 22.57B
84.53x9.08x81.09x-.--% 11.58B
21.45x6.73x20.76x-.--% 11.22B
14.98x2.57x6.06x5.15% 7.2B
Average 24.11x 5.38x 18.98x 0.91% 96.68B
Weighted average by Cap. 27.70x 12.35x 19.50x 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