Company Valuation: Microsoft Corporation

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 20,40,304 19,20,840 25,32,081 33,21,869 36,97,022 30,29,093 - -
Change - -5.86% 31.82% 31.19% 11.29% -18.07% - -
Enterprise Value (EV) 1 19,68,116 18,65,864 24,68,056 32,91,263 36,45,608 29,80,163 29,81,394 29,49,938
Change - -5.2% 32.27% 33.35% 10.77% -18.25% 0.04% -1.06%
P/E ratio 33.7x 26.6x 35.2x 37.9x 36.5x 23.5x 20.9x 17.7x
PBR 14.3x 11.5x 12.3x 12.4x 10.8x 6.77x 5.16x 4.12x
PEG - 1.3x 113.23x 1.7x 2.3x 0.9x 1.7x 1x
Capitalization / Revenue 12.1x 9.69x 11.9x 13.6x 13.1x 9.19x 7.89x 6.69x
EV / Revenue 11.7x 9.41x 11.6x 13.4x 12.9x 9.05x 7.77x 6.51x
EV / EBITDA 24.1x 19.1x 23.8x 25x 22.4x 15x 12.5x 10.1x
EV / EBIT 28.1x 22.4x 27.5x 30.1x 28.4x 19.4x 16.7x 14.1x
EV / FCF 35.1x 28.6x 41.5x 44.4x 50.9x 45.7x 50.3x 43.2x
FCF Yield 2.85% 3.49% 2.41% 2.25% 1.96% 2.19% 1.99% 2.31%
Dividend per Share 2 2.24 2.48 2.72 3 3.32 3.686 4.036 4.37
Rate of return 0.83% 0.97% 0.8% 0.67% 0.67% 0.9% 0.99% 1.07%
EPS 2 8.05 9.65 9.68 11.8 13.64 17.32 19.5 22.99
Distribution rate 27.8% 25.7% 28.1% 25.4% 24.3% 21.3% 20.7% 19%
Net sales 1 1,68,088 1,98,270 2,11,915 2,45,122 2,81,724 3,29,462 3,83,929 4,52,944
EBITDA 1 81,602 97,843 1,03,555 1,31,720 1,62,681 1,98,185 2,39,005 2,91,171
EBIT 1 69,916 83,383 89,694 1,09,433 1,28,528 1,53,675 1,78,544 2,09,721
Net income 1 61,271 72,738 72,361 88,136 1,01,832 1,29,172 1,45,170 1,69,900
Net Debt 1 -72,188 -54,976 -64,025 -30,606 -51,414 -48,929 -47,699 -79,155
Reference price 2 270.90 256.83 340.54 446.95 497.41 407.77 407.77 407.77
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 ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.54x9.05x15.04x0.9% 3,02900Cr
100.38x40.75x68.14x-.--% 33TCr
154.49x35.16x118.96x0.06% 12TCr
79.66x16.01x34.23x-.--% 9.88TCr
209.57x10.95x24.96x-.--% 9.83TCr
32.09x1.69x14.39x-.--% 5.88TCr
-124.05x6.41x39x-.--% 4.18TCr
29.17x4.28x9.93x-.--% 3.03TCr
91.17x4.71x23.17x-.--% 2.93TCr
19.88x3.63x10.12x1.44% 2.98TCr
Average 61.59x 13.26x 35.79x 0.24% 38.6TCr
Weighted average by Cap. 39.27x 12.50x 23.68x 0.72%

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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