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 28,90,404 - -
Change - -5.86% 31.82% 31.19% 11.29% -21.82% - -
Enterprise Value (EV) 1 19,68,116 18,65,864 24,68,056 32,91,263 36,45,608 28,34,383 28,55,439 28,73,114
Change - -5.2% 32.27% 33.35% 10.77% -22.25% 0.74% 0.62%
P/E 33.7x 26.6x 35.2x 37.9x 36.5x 22.4x 19.9x 17x
PBR 14.3x 11.5x 12.3x 12.4x 10.8x 6.48x 4.95x 3.95x
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 8.77x 7.51x 6.34x
EV / Revenue 11.7x 9.41x 11.6x 13.4x 12.9x 8.6x 7.42x 6.3x
EV / EBITDA 24.1x 19.1x 23.8x 25x 22.4x 14.2x 11.9x 9.81x
EV / EBIT 28.1x 22.4x 27.5x 30.1x 28.4x 18.4x 16x 13.7x
EV / FCF 35.1x 28.6x 41.5x 44.4x 50.9x 44x 50x 44.5x
FCF Yield 2.85% 3.49% 2.41% 2.25% 1.96% 2.27% 2% 2.25%
Dividend per Share 2 2.24 2.48 2.72 3 3.32 3.679 3.856 4.279
Rate of return 0.83% 0.97% 0.8% 0.67% 0.67% 0.95% 0.99% 1.1%
EPS 2 8.05 9.65 9.68 11.8 13.64 17.35 19.51 22.88
Distribution rate 27.8% 25.7% 28.1% 25.4% 24.3% 21.2% 19.8% 18.7%
Net sales 1 1,68,088 1,98,270 2,11,915 2,45,122 2,81,724 3,29,550 3,84,802 4,56,148
EBITDA 1 81,602 97,843 1,03,555 1,31,720 1,62,681 1,99,047 2,39,859 2,92,789
EBIT 1 69,916 83,383 89,694 1,09,433 1,28,528 1,53,726 1,79,021 2,10,162
Net income 1 61,271 72,738 72,361 88,136 1,01,832 1,29,192 1,45,476 1,69,269
Net Debt 1 -72,188 -54,976 -64,025 -30,606 -51,414 -56,021 -34,965 -17,290
Reference price 2 270.90 256.83 340.54 446.95 497.41 389.10 389.10 389.10
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.($)
22.42x8.6x14.24x0.95% 2,89000Cr
97.31x39.35x65.61x-.--% 32TCr
111.95x35.72x112.98x0.16% 12TCr
75.28x15.13x32.99x-.--% 9.34TCr
454.94x19.54x78.57x-.--% 8.97TCr
144.14x8.47x21.61x-.--% 7.45TCr
34.74x1.82x14.25x-.--% 6.39TCr
118.88x5.17x25.34x-.--% 4.53TCr
-32.51x4.26x20.4x-.--% 3.47TCr
20.48x3.85x10.64x1.38% 3.07TCr
Average 104.76x 14.19x 39.66x 0.25% 37.53TCr
Weighted average by Cap. 46.37x 12.20x 23.90x 0.74%

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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