Company Valuation: Mastercard, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,53,053 3,34,328 3,99,971 4,83,302 5,12,648 5,08,638 - -
Change - -5.3% 19.63% 20.83% 6.07% -0.78% - -
Enterprise Value (EV) 1 3,59,060 3,40,943 4,06,472 4,92,756 5,20,750 5,18,619 5,16,860 5,13,262
Change - -5.05% 19.22% 21.23% 5.68% -0.41% -0.34% -0.7%
P/E 41x 34x 36.1x 37.9x 34.6x 29.7x 25.3x 21.9x
PBR 48.2x 52.8x 57.1x 73.6x 65.4x 57.4x 35x 22x
PEG - 2x 2.3x 2.2x 1.8x 1.6x 1.5x 1.4x
Capitalization / Revenue 18.7x 15x 15.9x 17.2x 15.6x 13.7x 12.1x 10.8x
EV / Revenue 19x 15.3x 16.2x 17.5x 15.9x 13.9x 12.3x 10.9x
EV / EBITDA 32.7x 25.4x 26.5x 28.4x 25.3x 22x 19.4x 17.1x
EV / EBIT 35x 26.9x 27.9x 30x 26.8x 23.3x 20.5x 18.1x
EV / FCF 39.6x 31.7x 35x 34.4x 31.7x 30.3x 25.3x 22.7x
FCF Yield 2.52% 3.15% 2.86% 2.9% 3.16% 3.3% 3.95% 4.41%
Dividend per Share 2 1.81 2.04 2.37 2.74 3.04 3.557 3.907 4.392
Rate of return 0.5% 0.59% 0.56% 0.52% 0.53% 0.61% 0.67% 0.76%
EPS 2 8.76 10.22 11.83 13.89 16.52 19.57 22.97 26.55
Distribution rate 20.7% 20% 20% 19.7% 18.4% 18.2% 17% 16.5%
Net sales 1 18,884 22,237 25,098 28,167 32,791 37,257 41,968 47,010
EBITDA 1 10,984 13,401 15,346 17,349 20,544 23,550 26,638 30,057
EBIT 1 10,258 12,651 14,547 16,452 19,401 22,300 25,237 28,368
Net income 1 8,687 9,930 11,195 12,874 14,968 17,232 19,612 22,013
Net Debt 1 6,007 6,615 6,501 9,454 8,102 9,982 8,222 4,625
Reference price 2 359.32 347.73 426.51 526.57 570.88 580.63 580.63 580.63
Nbr of stocks (in thousands) 9,82,557 9,61,460 9,37,776 9,17,831 8,97,996 8,76,010 - -
Announcement Date 27/01/22 26/01/23 31/01/24 30/01/25 29/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.67x13.92x22.02x0.61% 51TCr
66.75x - - - 107.8Cr
9.64x0.14x2.94x1.83% 39Cr
4.78x0.06x0.74x3.64% 22Cr
4.51x0.28x2.97x6.73% 19Cr
Average 23.07x 3.60x 7.17x 3.21% 10.21TCr
Weighted average by Cap. 29.71x 13.90x 21.99x 0.62%

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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  5. Valuation Mastercard, Inc.