Financials Visa, Inc.

Equities

V

US92826C8394

Internet Services

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
274.5 USD -0.23% Intraday chart for Visa, Inc. +1.76% +5.44%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 371,962 423,776 471,818 366,725 468,001 549,314 - -
Enterprise Value (EV) 1 380,853 427,805 472,578 370,653 468,336 544,659 540,818 533,144
P/E ratio 32.3 x 40.9 x 39.6 x 25.4 x 27.8 x 28.1 x 24.9 x 22 x
Yield 0.61% 0.61% 0.6% 0.89% 0.81% 0.76% 0.84% 0.94%
Capitalization / Revenue 16.2 x 19.4 x 19.6 x 12.5 x 14.3 x 15.3 x 13.9 x 12.6 x
EV / Revenue 16.6 x 19.6 x 19.6 x 12.6 x 14.3 x 15.2 x 13.7 x 12.2 x
EV / EBITDA 24.3 x 28.8 x 28.5 x 18.8 x 21.3 x 21.7 x 19.3 x 17.1 x
EV / FCF 31.7 x 44.1 x 32.5 x 20.7 x 23.8 x 27 x 23.3 x 21.7 x
FCF Yield 3.16% 2.27% 3.07% 4.82% 4.21% 3.7% 4.3% 4.61%
Price to Book 12.1 x 9.29 x 9.94 x 10.7 x 12.4 x 13.4 x 11.9 x 10.4 x
Nbr of stocks (in thousands) 2,162,444 2,119,199 2,118,150 2,064,313 2,034,698 2,000,997 - -
Reference price 2 172.0 200.0 222.8 177.6 230.0 274.5 274.5 274.5
Announcement Date 10/24/19 10/28/20 10/26/21 10/25/22 10/24/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 22,977 21,846 24,105 29,310 32,653 35,824 39,546 43,758
EBITDA 1 15,657 14,848 16,608 19,674 21,943 25,096 28,023 31,143
EBIT 1 15,001 14,081 15,804 18,813 21,000 24,179 27,142 30,136
Operating Margin 65.29% 64.46% 65.56% 64.19% 64.31% 67.5% 68.63% 68.87%
Earnings before Tax (EBT) 1 14,884 13,790 16,063 18,136 21,037 24,083 27,014 30,027
Net income 1 12,080 10,866 12,311 14,957 17,273 19,732 21,861 24,234
Net margin 52.57% 49.74% 51.07% 51.03% 52.9% 55.08% 55.28% 55.38%
EPS 2 5.320 4.890 5.630 7.000 8.280 9.761 11.02 12.45
Free Cash Flow 1 12,028 9,704 14,522 17,879 19,696 20,148 23,254 24,568
FCF margin 52.35% 44.42% 60.24% 61% 60.32% 56.24% 58.8% 56.15%
FCF Conversion (EBITDA) 76.82% 65.36% 87.44% 90.88% 89.76% 80.28% 82.98% 78.89%
FCF Conversion (Net income) 99.57% 89.31% 117.96% 119.54% 114.03% 102.11% 106.37% 101.38%
Dividend per Share 2 1.050 1.220 1.335 1.575 1.870 2.083 2.303 2.590
Announcement Date 10/24/19 10/28/20 10/26/21 10/25/22 10/24/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3
Net sales 1 7,059 7,189 7,275 7,787 7,936 7,985 8,123 8,609 8,634 8,775 8,917 9,591 9,575 9,601 9,882
EBITDA 1 4,974 5,009 4,378 5,313 5,317 5,570 5,259 5,797 6,201 5,603 6,260 6,708 6,922 6,734 6,998
EBIT 1 4,776 4,802 4,148 5,087 5,090 5,336 5,024 5,550 5,954 5,354 5,997 6,456 6,645 6,498 6,764
Operating Margin 67.66% 66.8% 57.02% 65.33% 64.14% 66.83% 61.85% 64.47% 68.96% 61.01% 67.25% 67.31% 69.39% 67.69% 68.45%
Earnings before Tax (EBT) 1 4,897 4,542 3,829 4,868 4,977 5,278 5,146 5,636 6,042 5,513 6,010 6,472 6,628 6,543 6,842
Net income 1 3,959 3,647 3,411 3,940 4,179 4,257 4,156 4,681 4,890 4,663 4,851 5,199 5,375 5,304 5,526
Net margin 56.08% 50.73% 46.89% 50.6% 52.66% 53.31% 51.16% 54.37% 56.64% 53.14% 54.41% 54.2% 56.13% 55.24% 55.92%
EPS 2 1.830 1.700 1.600 1.860 1.990 2.030 2.000 2.270 2.390 2.290 2.398 2.589 2.695 2.671 2.797
Dividend per Share 2 0.3750 0.3750 0.3750 0.4500 0.4500 0.4500 0.4500 0.5200 0.5200 - 0.5218 0.5227 0.5556 0.5556 0.5556
Announcement Date 1/27/22 4/26/22 7/26/22 10/25/22 1/26/23 4/25/23 7/25/23 10/24/23 1/25/24 4/23/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 8,891 4,029 760 3,928 335 - - -
Net Cash position 1 - - - - - 4,655 8,496 16,170
Leverage (Debt/EBITDA) 0.5679 x 0.2713 x 0.0458 x 0.1997 x 0.0153 x - - -
Free Cash Flow 1 12,028 9,704 14,522 17,879 19,696 20,148 23,254 24,568
ROE (net income / shareholders' equity) 35.2% 30.7% 33.4% 40.9% 46.5% 49.2% 50.5% 50.1%
ROA (Net income/ Total Assets) 17% 14.2% 15% 17.8% 19.6% 21.8% 22.4% 23.1%
Assets 1 70,892 76,747 81,910 84,199 88,002 90,621 97,790 105,121
Book Value Per Share 2 14.20 21.50 22.40 16.70 18.60 20.50 23.10 26.50
Cash Flow per Share 2 5.630 4.210 6.960 8.820 9.950 10.50 12.20 13.40
Capex 1 756 736 705 970 1,059 1,136 1,264 1,370
Capex / Sales 3.29% 3.37% 2.92% 3.31% 3.24% 3.17% 3.2% 3.13%
Announcement Date 10/24/19 10/28/20 10/26/21 10/25/22 10/24/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
39
Last Close Price
274.5 USD
Average target price
305.9 USD
Spread / Average Target
+11.42%
Consensus
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  4. Financials Visa, Inc.