Company Valuation: Mastercard Incorporated

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 5,21,489 - -
Change - -5.3% 19.63% 20.83% 6.07% 1.72% - -
Enterprise Value (EV) 1 3,59,060 3,40,943 4,06,472 4,92,756 5,20,750 5,31,470 5,29,711 5,26,113
Change - -5.05% 19.22% 21.23% 5.68% 2.06% -0.33% -0.68%
P/E 41x 34x 36.1x 37.9x 34.6x 30.4x 25.9x 22.4x
PBR 48.2x 52.8x 57.1x 73.6x 65.4x 58.8x 35.9x 22.5x
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 14x 12.4x 11.1x
EV / Revenue 19x 15.3x 16.2x 17.5x 15.9x 14.3x 12.6x 11.2x
EV / EBITDA 32.7x 25.4x 26.5x 28.4x 25.3x 22.6x 19.9x 17.5x
EV / EBIT 35x 26.9x 27.9x 30x 26.8x 23.8x 21x 18.5x
EV / FCF 39.6x 31.7x 35x 34.4x 31.7x 31x 25.9x 23.2x
FCF Yield 2.52% 3.15% 2.86% 2.9% 3.16% 3.22% 3.86% 4.31%
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% 0.6% 0.66% 0.74%
EPS 2 8.76 10.22 11.83 13.89 16.52 19.57 22.97 26.6
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 37,262 41,968 47,046
EBITDA 1 10,984 13,401 15,346 17,349 20,544 23,550 26,638 30,108
EBIT 1 10,258 12,651 14,547 16,452 19,401 22,300 25,237 28,415
Net income 1 8,687 9,930 11,195 12,874 14,968 17,232 19,612 22,104
Net Debt 1 6,007 6,615 6,501 9,454 8,102 9,982 8,222 4,625
Reference price 2 359.32 347.73 426.51 526.57 570.88 595.30 595.30 595.30
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.($)
30.42x14.26x22.57x0.6% 52TCr
74.25x - - - 119.81Cr
10.98x0.18x3.99x1.61% 44Cr
5.02x0.07x0.87x3.47% 23Cr
4.8x0.29x3.09x6.33% 21Cr
Average 25.09x 3.70x 7.63x 3% 10.47TCr
Weighted average by Cap. 30.48x 14.24x 22.53x 0.6%

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

  1. Stock Market
  2. Stocks
  3. MA Stock
  4. MA * Stock
  5. Valuation Mastercard Incorporated