--- title: Mastercard (MA) — intrinsic value and fair price canonical: https://sweetvaluelab.com/stocks/ma ticker: MA as_of: 2026-10-17 sector: Financial Services industry: Financial - Credit Services --- # Mastercard (MA) Mastercard (MA) closed at $617.42 on Oct 16, 2026, overvalued by 15% vs its model value of $536.51 (from a five-year discounted cash flow). ## Key figures | Figure | Value | | --- | ---: | | Last close | $617.42 (Oct 16, 2026) | | Model value (from a five-year discounted cash flow) | $536.51 | | Price vs model | overvalued by 15% vs model | | Range of that model | $340.21 – $1,344.98 | | Market value | $540.9B | | P/E (fiscal 2025) | 37.4 | | Net margin (fiscal 2025) | 45.6% | | Free cash flow (fiscal 2025) | $17.2B | | Dividend yield (trailing twelve months) | 0.56% | | Beta | 0.76 | | Cost of capital (WACC) | 8.42% | | Business classification | Profitable Growth (Moderate growth (~14% recent), High profitability (46% net margin), Moderately volatile earnings, High leverage (D/E 2.5x)) | ## On the stock lists | List | Place | Figure | Page | | --- | ---: | ---: | --- | | Largest companies | #20 | $540.9B | https://sweetvaluelab.com/lists/largest-companies | | Near 52-week highs | #20 | 0.0% | https://sweetvaluelab.com/lists/near-52-week-highs | ## Dividends | Figure | Value | | --- | ---: | | Trailing dividend yield | 0.56% | | Dividends per share, last 12 months | $3.48 | | Dividends / free cash flow (fiscal 2025) | 16.1% | | Raised | 14 years in a row | | Growth over 5 years | 14.6% a year | | Latest payment | $0.87, ex-date Oct 9, 2026, paid Nov 9, 2026 | | Year of payments | Dividends per share | | --- | ---: | | To Oct 7, 2021 | $1.76 | | To Oct 6, 2022 | $1.96 | | To Oct 5, 2023 | $2.28 | | To Oct 9, 2024 | $2.64 | | To Oct 9, 2025 | $3.04 | | Trailing twelve months (to Oct 9, 2026) | $3.48 | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | DCF · Perpetuity growth · 5y | primary | $536.51 | $340.21 | $1,344.98 | | DCF · Perpetuity growth · 10y | cross check | $611.04 | $394.72 | $1,490.17 | | DCF · EBITDA exit · 5y | cross check | $299.71 | $180.50 | $440.98 | | DCF · EBITDA exit · 10y | cross check | $391.22 | $259.43 | $569.39 | | P/E · peers | cross check | $179.39 | $169.43 | $343.43 | | P/E · own history | cross check | $708.74 | $662.29 | $743.71 | | PEG | sanity check | $331.67 | $331.67 | $331.67 | | EV/EBITDA · peers | cross check | $160.86 | $121.69 | $184.42 | | EV/Revenue · peers | cross check | $89.04 | $61.19 | $128.15 | | Earnings power value | cross check | $153.20 | $128.62 | $188.45 | | Dividend discount | cross check | $98.22 | $64.13 | $169.34 | ## Insider activity (SEC Form 4) Past 90 days: 0 open-market buys ($0) and 30 open-market sales ($19.9M); 10b5-1 plan sales included. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Oct 12, 2026 | GENACHOWSKI JULIUS | Director | Open-market sell (10b5-1 plan) | 370 | $218,377.7 | | Oct 9, 2026 | GENACHOWSKI JULIUS | Director | Open-market sell (10b5-1 plan) | 1 | $590 | | Oct 9, 2026 | GENACHOWSKI JULIUS | Director | Open-market sell (10b5-1 plan) | 370 | $216,450 | | Oct 1, 2026 | Huntsman Jon M Jr | V Chair & Pres Strategic Grwth | Tax withholding | 178 | $98,195.5 | | Oct 1, 2026 | Ling Hai | Chief Financial Officer | Tax withholding | 88 | $48,546.1 | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Jul 30, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1141391/000114139126000083/ma-20260630.htm | | Jul 30, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1141391/000114139126000081/ma-20260730.htm | | Jun 17, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/1141391/000114139126000041/ma-20260616.htm | | Jun 8, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1141391/000119312526261669/d128075d8k.htm | | Jun 2, 2026 | DEFA14A | Additional proxy materials | https://www.sec.gov/Archives/edgar/data/1141391/000114139126000038/ma05292026-defa14a.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Ackman | 2026-06-30 | 2,124,646 | $1.1B | | Akre | 2026-06-30 | 1,989,906 | $1.0B | | Thomas Russo | 2026-06-30 | 1,522,395 | $781.9M | | Terry Smith | 2026-06-30 | 1,245,051 | $639.5M | 22 tracked managers in all. ## About Mastercard Incorporated is a global technology firm specializing in providing transaction processing and a wide array of payment solutions, operating across the United States and internationally. Its core business centers on enabling the entire payment transaction lifecycle – including authorization, clearing, and settlement – alongside offering a spectrum of complementary payment services. The company provides a comprehensive suite of integrated products and value-added services to a diverse clientele, which includes individual account holders, merchants, financial institutions, businesses, governments, and other organizations. These offerings span programs enabling deferred payment credit, prepaid card management services, commercial credit and debit solutions, and tools for accessing funds in deposit and other accounts. Additionally, Mastercard offers advanced cyber and intelligence s… --- Source: https://sweetvaluelab.com/stocks/ma (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.