Company Valuation: Microsoft Corporation

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 20,40,304 19,20,840 25,32,081 33,21,869 36,97,022 29,25,466 - -
Change - -5.86% 31.82% 31.19% 11.29% -20.87% - -
Enterprise Value (EV) 1 19,68,116 18,65,864 24,68,056 32,91,263 36,45,608 28,69,672 28,84,588 28,71,817
Change - -5.2% 32.27% 33.35% 10.77% -21.28% 0.52% -0.44%
P/E 33.7x 26.6x 35.2x 37.9x 36.5x 22.7x 20.1x 17.2x
PBR 14.3x 11.5x 12.3x 12.4x 10.8x 6.55x 4.97x 3.96x
PEG - 1.3x 113.23x 1.7x 2.3x 0.8x 1.6x 1x
Capitalization / Revenue 12.1x 9.69x 11.9x 13.6x 13.1x 8.88x 7.61x 6.42x
EV / Revenue 11.7x 9.41x 11.6x 13.4x 12.9x 8.71x 7.5x 6.31x
EV / EBITDA 24.1x 19.1x 23.8x 25x 22.4x 14.5x 12.1x 9.87x
EV / EBIT 28.1x 22.4x 27.5x 30.1x 28.4x 18.7x 16.1x 13.7x
EV / FCF 35.1x 28.6x 41.5x 44.4x 50.9x 44.3x 49.7x 43.9x
FCF Yield 2.85% 3.49% 2.41% 2.25% 1.96% 2.26% 2.01% 2.28%
Dividend per Share 2 2.24 2.48 2.72 3 3.32 3.686 3.871 4.31
Rate of return 0.83% 0.97% 0.8% 0.67% 0.67% 0.94% 0.98% 1.09%
EPS 2 8.05 9.65 9.68 11.8 13.64 17.34 19.55 22.96
Distribution rate 27.8% 25.7% 28.1% 25.4% 24.3% 21.3% 19.8% 18.8%
Net sales 1 1,68,088 1,98,270 2,11,915 2,45,122 2,81,724 3,29,508 3,84,644 4,55,389
EBITDA 1 81,602 97,843 1,03,555 1,31,720 1,62,681 1,98,484 2,39,366 2,90,887
EBIT 1 69,916 83,383 89,694 1,09,433 1,28,528 1,53,674 1,78,981 2,09,980
Net income 1 61,271 72,738 72,361 88,136 1,01,832 1,29,234 1,45,728 1,69,781
Net Debt 1 -72,188 -54,976 -64,025 -30,606 -51,414 -55,795 -40,878 -53,649
Reference price 2 270.90 256.83 340.54 446.95 497.41 393.82 393.82 393.82
Nbr of stocks (in thousands) 75,31,575 74,79,033 74,35,488 74,32,306 74,32,544 74,28,435 - -
Announcement Date 27/07/21 26/07/22 25/07/23 30/07/24 30/07/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.71x8.71x14.46x0.94% 2,92500Cr
98.13x39.64x66.26x-.--% 32TCr
107.4x34.26x108.36x0.16% 11TCr
467.28x20.1x80.81x-.--% 9.21TCr
73.39x14.75x32.18x-.--% 9.1TCr
142.44x8.38x21.37x-.--% 7.36TCr
34.62x1.81x14.19x-.--% 6.37TCr
120.14x5.04x24.92x-.--% 4.39TCr
-34.72x4.57x21.88x-.--% 3.7TCr
97.73x5.07x24.43x-.--% 3.14TCr
Average 112.91x 14.23x 40.89x 0.11% 37.86TCr
Weighted average by Cap. 47.25x 12.23x 23.98x 0.73%

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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