### MSFT

Microsoft Corp.

Current price

**$138.44**5 days change

**-2.93%**###### MSFT intrinsic value

## $152.84

##### +10.4%

Strong SellStrong Buy

#### Moderate Buy

##### Microsoft Corp. Enterprise Value

2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | ||
---|---|---|---|---|---|---|

Market cap | 768.4B | 886.52B | 779.67B | 913.15B | 1.04T | |

Number of shares | 7.78B | 7.77B | 7.77B | 7.74B | 7.74B | |

Cash and cash equivalents | 133.77B | 135.88B | 127.66B | 131.62B | 133.82B | |

Total debt | 81.81B | 81.88B | 78.85B | 79.07B | 78.37B | |

Enterprise value (EV) | 716.44B | 832.52B | 730.86B | 860.6B | 984.24B |

##### Microsoft Corp. Key Metrics

2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | ||
---|---|---|---|---|---|---|

Revenue (per share) | 3.92 | 3.79 | 4.22 | 3.98 | 4.4 | |

Net income (per share) | 1.16 | 1.15 | 1.09 | 1.15 | 1.72 | |

Operating cash flow (per share) | 1.49 | 1.78 | 1.16 | 1.76 | 2.1 | |

Free cash flow (per share) | 0.69 | 1.2 | 0.97 | 1.31 | 0.68 | |

Cash (per share) | 17.41 | 17.71 | 16.6 | 17.16 | 17.48 | |

Book value (per share) | 10.77 | 11.2 | 11.98 | 12.37 | 13.37 | |

Tangible book value (per share) | 28 | 27.91 | 27.15 | 27.81 | 30.93 | |

Shareholders equity (per share) | 10.77 | 11.2 | 11.98 | 12.37 | 13.37 | |

Interest debt (per share) | 10.65 | 10.67 | 10.25 | 10.31 | 10.24 | |

Price to earnings (P/E) | 46.52 | 47.38 | 23.35 | 26.22 | 26.55 | |

Price to sales (P/S) | 6.96 | 7.72 | 6.58 | 7.47 | 8.26 | |

Price to book (P/B) | 9.29 | 10.32 | 8.48 | 9.63 | 10.15 | |

Price to tangible book (P/TB) | 3.57 | 4.14 | 3.74 | 4.28 | 4.39 | |

Price to operating cash flow (P/OCF) | 17.51 | 19.66 | 16.9 | 19.23 | 19.92 | |

Price to Free Cash Flow (P/FCF) | 23.88 | 27.72 | 24.49 | 27.14 | 27.21 | |

Enterprise value to sales | 6.49 | 7.25 | 6.17 | 7.04 | 7.82 | |

Enterprise value to EBITDA | 15.33 | 16.88 | 14.33 | 16.22 | 17.78 | |

Enterprise value to operating cash flow | 16.33 | 18.46 | 15.84 | 18.12 | 18.86 | |

Enterprise value to free cash flow | 22.21 | 26.02 | 22.91 | 25.58 | 25.73 | |

Earnings yield | 0.02 | 0.02 | 0.04 | 0.04 | 0.04 | |

Free cash flow yield | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | |

Debt to equity | 0.99 | 0.95 | 0.86 | 0.83 | 0.77 | |

Debt to assets | 0.32 | 0.32 | 0.3 | 0.3 | 0.27 | |

Net debt to EBITDA | -3.94 | -4.14 | -3.65 | -3.92 | -3.57 | |

Current ratio | 2.9 | 2.92 | 3.12 | 2.97 | 2.53 | |

Income quality | 1.29 | 1.55 | 1.06 | 1.53 | 1.22 | |

Dividend yield | 0.02 | 0.01 | 0.02 | 0.01 | 0.01 | |

Payout ratio | 0.37 | 0.37 | 0.42 | 0.4 | 0.27 | |

SG&A to revenue | 0.2 | 0.18 | 0.18 | 0.19 | 0.19 | |

R&D to revenue | 0.13 | 0.14 | 0.13 | 0.14 | 0.13 | |

Intangibles to total assets | 0.17 | 0.17 | 0.19 | 0.19 | 0.17 | |

Capex (per share) | -0.52 | -0.47 | -0.48 | -0.33 | -0.53 | |

Capex to operating cash flow | 0.35 | 0.26 | 0.42 | 0.19 | 0.25 | |

Capex to revenue | 0.13 | 0.12 | 0.11 | 0.08 | 0.12 | |

Capex to depreciation | -1.58 | -1.27 | -1.24 | -0.88 | -1.39 | |

Stock-based compensation to revenue | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | |

Graham number | 22.82 | 24.8 | 34.24 | 35.54 | 39.2 | |

Graham net-net | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | |

Working capital | 111.17B | 107.92B | 106.56B | 106.03B | 106.13B | |

Tangible asset value | 215.11B | 214.19B | 208.8B | 213.32B | 236.78B | |

Net current asset value | -6.47B | -7.46B | -9.86B | -8.53B | -8.67B | |

Invested capital | 104.66B | 103.91B | 109.67B | 106.91B | 111.91B | |

Average Receivables | 24.46B | 15.98B | 19.05B | 18.24B | 28B | |

Average payables | 8B | 7.79B | 7.72B | 7.58B | 9B | |

Average inventory | 2.42B | 3.41B | 1.98B | 2.02B | 2.36B |

##### Microsoft Corp. Financial Growth

2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | ||
---|---|---|---|---|---|---|

Gross profit growth | 0.19 | 0.18 | 0.12 | 0.16 | 0.15 | |

EBIT growth | 0.34 | 0.28 | 0.13 | 0.21 | 0.18 | |

Operating income growth | 0.35 | 0.29 | 0.18 | 0.25 | 0.2 | |

Net income growth | 0.1 | 0.34 | 2.34 | 0.19 | 0.49 | |

EPS growth | 0.11 | 0.35 | 2.33 | 0.2 | 0.5 | |

EPS diluted growth | 0.11 | 0.36 | 2.32 | 0.2 | 0.49 | |

Weighted average shares growth | 0 | 0 | 0 | 0 | 0 | |

Weighted average shares diluted growth | 0 | 0 | 0.01 | -0.01 | -0.01 | |

Dividends per share growth | 0.08 | 0.08 | 0.1 | 0.1 | 0.1 | |

Operating cash flow growth | 0.04 | 0.1 | 0.13 | 0.11 | 0.41 | |

Free cash flow growth | -0.15 | -0.02 | -0.02 | 0.19 | 0.62 | |

Receivables growth | 0.18 | 0.19 | 0.07 | 0.12 | 0.11 | |

Inventory growth | 0.22 | 0.13 | -0.02 | -0.06 | -0.22 | |

Asset growth | 0.03 | 0.03 | 0.01 | 0.07 | 0.11 | |

Book value per share growth | -0.05 | -0.04 | 0.18 | 0.2 | 0.24 | |

Debt growth | -0.11 | -0.1 | -0.17 | -0.05 | -0.04 | |

R&D expense growth | 0.12 | 0.11 | 0.16 | 0.16 | 0.15 | |

SG&A expenses growth | 0.07 | 0.05 | 0.01 | 0.04 | 0.06 |

##### Microsoft Corp. Income

2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | ||
---|---|---|---|---|---|---|

Revenue | 30.09B | 29.08B | 32.47B | 30.57B | 33.72B | |

Revenue growth | 0.18 | 0.19 | 0.12 | 0.14 | 0.12 | |

Cost of revenue | 9.74B | 9.9B | 12.42B | 10.17B | 10.41B | |

Gross profit | 20.34B | 19.18B | 20.05B | 20.4B | 23.31B | |

R&D expenses | 3.93B | 3.98B | 4.07B | 4.32B | 4.51B | |

SG&A expense | 6.03B | 5.25B | 5.72B | 5.74B | 6.39B | |

Operating expenses | 9.96B | 9.22B | 9.79B | 10.06B | 10.9B | |

Operating income | 10.38B | 9.96B | 10.26B | 10.34B | 12.41B | |

Earnings before tax | 10.68B | 10.22B | 10.39B | 10.49B | 12.6B | |

Income tax expense | 1.81B | 1.4B | 1.97B | 1.68B | -591M | |

Net income | 8.87B | 8.82B | 8.42B | 8.81B | 13.19B | |

Net income (com) | 8.87B | 8.82B | 8.42B | 8.81B | 13.19B | |

EPS | 1.15 | 1.15 | 1.09 | 1.15 | 1.72 | |

EPS diluted | 1.14 | 1.14 | 1.08 | 1.14 | 1.7 | |

Weighted average shares outstanding | 7.68B | 7.67B | 7.69B | 7.67B | 7.66B | |

Weighted average shares outstanding diluted | 7.78B | 7.77B | 7.77B | 7.74B | 7.74B | |

Dividend (per share) | 0.42 | 0.42 | 0.46 | 0.46 | 0.46 | |

Gross margin | 0.68 | 0.66 | 0.62 | 0.67 | 0.69 | |

EBITDA margin | 0.44 | 0.45 | 0.41 | 0.44 | 0.46 | |

EBIT margin | 0.36 | 0.35 | 0.32 | 0.34 | 0.37 | |

Profit margin | 0.3 | 0.3 | 0.26 | 0.29 | 0.39 | |

Free cash flow margin | 0.25 | 0.35 | 0.16 | 0.36 | 0.36 | |

EBITDA | 13.2B | 13.06B | 13.38B | 13.41B | 15.52B | |

EBIT | 10.68B | 10.22B | 10.39B | 10.49B | 12.6B | |

Consolidated income | 8.87B | 8.82B | 8.42B | 8.81B | 13.19B | |

Earnings before tax margin | 0.36 | 0.35 | 0.32 | 0.34 | 0.37 | |

Net profit margin | 0.29 | 0.3 | 0.26 | 0.29 | 0.39 |

##### Microsoft Corp. Balance Sheet

2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | ||
---|---|---|---|---|---|---|

Cash and cash equivalents | 133.77B | 135.88B | 127.66B | 131.62B | 133.82B | |

Cash and short-term investments | 133.77B | 135.88B | 127.66B | 131.62B | 133.82B | |

Receivables | 26.48B | 17.39B | 19.68B | 19.27B | 29.52B | |

Inventories | 2.66B | 3.61B | 1.96B | 1.95B | 2.06B | |

Total current assets | 89.19B | 93.42B | 101.99B | 103.39B | 111B | |

Property, plant and equipment net | 36.15B | 38.16B | 39.52B | 40.77B | 43.86B | |

Goodwill and intangible assets | 43.74B | 43.43B | 50.06B | 49.96B | 49.78B | |

Long-term investments | 1.86B | 2.03B | 2.27B | 2.4B | 2.65B | |

Total non-current assets | 117.64B | 115.38B | 116.41B | 114.56B | 114.81B | |

Total assets | 258.85B | 257.62B | 258.86B | 263.28B | 286.56B | |

Payables | 8.62B | 8.51B | 7.56B | 7.54B | 9.38B | |

Short-term debt | 4B | 6.5B | 3.52B | 6.52B | 5.52B | |

Total current liabilities | 58.49B | 56.28B | 50.32B | 53.86B | 69.42B | |

Long-term debt | 77.81B | 75.39B | 75.34B | 72.56B | 72.85B | |

Total debt | 81.81B | 81.88B | 78.85B | 79.07B | 78.37B | |

Deferred revenue | 32.72B | 30.24B | 28.08B | 28.14B | 37.21B | |

Tax liabilities | 32.93B | 33.25B | 33.26B | 33.3B | 35.51B | |

Total non-current liabilities | 117.64B | 115.38B | 116.41B | 114.56B | 114.81B | |

Total liabilities | 176.13B | 171.65B | 166.73B | 168.42B | 184.23B | |

Other comprehensive income | -2.19B | -2.61B | -2.01B | -1.26B | -340M | |

Retained earnings (deficit) | 13.68B | 17.28B | 16.59B | 18.34B | 24.15B | |

Total shareholders equity | 82.72B | 85.97B | 92.13B | 94.86B | 102.33B | |

Investments | 1.86B | 2.03B | 2.27B | 2.4B | 2.65B | |

Net debt | -51.96B | -54B | -48.81B | -52.55B | -55.45B | |

Other assets | 5.1B | 6.75B | 7.31B | 7.57B | 7.05B | |

Other liabilities | 45.87B | 41.27B | 39.24B | 39.8B | 54.52B |

##### Microsoft Corp. Cash Flow

2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | ||
---|---|---|---|---|---|---|

Depreciation and amortization | 2.52B | 2.84B | 3B | 2.93B | 2.92B | |

Stock-based compensation | 1.01B | 1.11B | 1.18B | 1.17B | 1.19B | |

Operating cash flow | 11.42B | 13.66B | 8.9B | 13.52B | 16.11B | |

Capital expenditure | -3.98B | -3.6B | -3.71B | -2.56B | -4.05B | |

Acquisitions and disposals | -434M | -245M | -1.59B | -269M | -281M | |

Investment purchases and sales | 1.75B | 894M | 1.1B | 1.47B | -2.92B | |

Investing cash flow | -2.67B | -2.95B | -4.2B | -1.36B | -7.26B | |

Issuance (repayment) of debt | -681M | 0 | -3B | 0 | -1B | |

Issuance (buybacks) of shares | -2.11B | -3.38B | -6.21B | -4.48B | -4.32B | |

Dividend payments | -3.23B | -3.22B | -3.54B | -3.53B | -3.52B | |

Financing cash flow | -6.04B | -7.38B | -13.22B | -7.6B | -8.69B | |

Effect of forex changes on cash | 16M | -129M | 17M | 18M | -21M | |

Net cash flow / change in cash | 2.73B | 3.19B | -8.5B | 4.57B | 144M | |

Free Cash Flow | 7.44B | 10.06B | 5.19B | 10.96B | 12.06B | |

Net cash / Market cap | 0.07 | 0.06 | 0.06 | 0.06 | 0.05 |