Microsoft in 5 Charts: Is It a Buy?

Motley Fool2021-12-14

Microsoft's (NASDAQ:MSFT) stock price has risen more than 450% over the past five years. After factoring in reinvested dividends, the tech giant generated a total return of nearly 500% -- compared ...

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精彩评论

Simplehuman
2021-12-15
Simplehuman
Watching closely
Blading23
2021-12-15
Blading23
Like
- Blading23:
  like
VDIAMOND
2021-12-15
VDIAMOND
It is currently retracing
Annalz
2021-12-14
Annalz
A great job！ MSFT
WW1012
2021-12-14
WW1012
Yes
- WW1012:
  G
Alvin1975
2021-12-14
Alvin1975
Up up up
- Alvin1975:
  Up

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After factoring in reinvested dividends, the tech giant generated a total return of nearly 500% -- compared ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/12/14/microsoft-in-5-charts-is-it-a-buy/\">网页链接</a>\n\n</div>\n","source":"fool_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft in 5 Charts: Is It a Buy?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft in 5 Charts: Is It a Buy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-14 22:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/12/14/microsoft-in-5-charts-is-it-a-buy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Microsoft's (NASDAQ:MSFT) stock price has risen more than 450% over the past five years. After factoring in reinvested dividends, the tech giant generated a total return of nearly 500% -- compared ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/12/14/microsoft-in-5-charts-is-it-a-buy/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4548","symbol_name":"巴美列捷福持仓","start_time":0,"source_url":"https://www.fool.com/investing/2021/12/14/microsoft-in-5-charts-is-it-a-buy/","article_id":"2191580999","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2191580999","pubTimestamp":1639491597,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"Let's review the tech giant's growth spurt in five simple charts.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4548":"巴美列捷福持仓","BK4535":"淡马锡持仓","BK4503":"景林资产持仓","BK4538":"云计算","BK4527":"明星科技股","BK4534":"瑞士信贷持仓","BK4097":"系统软件","MSFT":"微软","BK4566":"资本集团","BK4567":"ESG概念","BK4528":"SaaS概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4516":"特朗普概念","BK4550":"红杉资本持仓","BK4554":"元宇宙及AR概念","BK4504":"桥水持仓","BK4532":"文艺复兴科技持仓","BK4525":"远程办公概念"},"translate_title":"5张图表中的微软：是买进吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MSFT":0.9},"content_text":"Microsoft's (NASDAQ:MSFT) stock price has risen more than 450% over the past five years. After factoring in reinvested dividends, the tech giant generated a total return of nearly 500% -- compared with the S&P 500's total return of about 130%. That massive rally boosted Microsoft's market cap to nearly $2.6 trillion and made it one of the world's most valuable companies.\nSo how did Microsoft, which was considered a mature tech stock a decade ago, become a growth stock again? These five charts tell the tale.\n1. A new era of revenue growth\nBetween fiscal 2011 and 2016, Microsoft's annual revenue grew at a compound annual growth rate (CAGR) of just 4.1%. But between fiscal 2016 and 2021, its revenue rose at a CAGR of 14.5%.\n\nSource: YCharts\nThe architect of that growth spurt was Satya Nadella, who succeeded Steve Ballmer as Microsoft's third CEO in 2014. Instead of focusing on desktop-based software, Nadella adopted a \"mobile first, cloud first\" strategy to launch more mobile apps while expanding Office 365, Dynamics, and Azure as the core growth engines of its cloud-based ecosystem.\nUnder Nadella, Microsoft's annualized commercial cloud revenue rose from $12.1 billion (14% of its revenue) in fiscal 2016 to $69 billion (41% of revenue) in fiscal 2021. That expansion also turned Azure into the world's second-largest cloud infrastructure platform after Amazon Web Services (AWS).\n2. A long-term expansion of its operating margins\nShortly after Nadella took over, Microsoft closed its $7.2 billion purchase of Nokia's handset unit, which Ballmer had orchestrated in a desperate 11th-hour attempt to save the Windows Phone platform.\nA year later, Nadella shut down most of that business, took a $7.6 billion writedown on the deal, and focused on launching more mobile apps for iOS and Android instead. That same year, Microsoft launched Windows 10 as a free upgrade for most of its Windows users and continued to invest heavily in the expansion of Azure and its other cloud services.\nAll those decisions squeezed Microsoft's operating margins throughout Nadella's first two years at the helm. But after weathering those initial expenses, Microsoft's operating margins improved significantly as its cloud revenue soared and economies of scale kicked in:\n\nSource: YCharts\n3. Explosive earnings growth\nMicrosoft's rising revenue and expanding margins naturally boosted its profits. Between fiscal 2011 and 2016, Microsoft's annual net income declined at a negative CAGR of 6.2%. But between fiscal 2016 and 2021, its annual net income increased at a CAGR of 29.5%:\n\nSource: YCharts\nMicrosoft's diluted earnings per share (EPS), which were slightly boosted by buybacks, also rose at a CAGR of 30.8% between fiscal 2016 and 2021.\n4. Rising dividends\nMicrosoft's stable earnings growth has enabled it to raise its dividend every year for more than a decade:\n\nData source: YCharts\nIt currently pays a forward dividend yield of 0.7%, and it spent just 28% of its free cash flow (FCF) on that payout over the past 12 months. That low cash dividend payout ratio gives it plenty of room for future dividend increases.\n5. But its valuation is also rising\nAnalysts expect Microsoft's revenue and earnings to grow another 17% and 14%, respectively, this year. Those are impressive growth rates for a 46-year-old company, but the stock is also getting a bit pricey at 37 times forward earnings.\nIf we look at Microsoft's trailing price-to-earnings ratio -- and then exclude its temporary earnings declines in fiscal 2015, 2016, and 2018, all caused by higher investments and restructuring expenses -- we'll notice its valuation has been steadily rising over the past decade.\n\nSource: YCharts\nThe bulls will argue that Microsoft's robust growth justifies that premium valuation. However, the bears will argue that Microsoft's high P/E ratio could limit its upside potential -- especially as inflationary headwinds reduce the market's appetite for higher-growth tech stocks.\nIs Microsoft's stock still worth buying?\nMicrosoft's stock isn't cheap, but I believe it's still worth buying as long as Nadella remains in charge. Nadella's vision for a \"mobile first, cloud first\" future is paying off, and it's setting up the foundations for Microsoft's future growth in next-gen markets such as augmented reality and cloud gaming. Those long-term strengths, along with its resilience during past economic downturns, could easily support its higher multiple for the foreseeable future.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":607698110,"gmtCreate":1639530569432,"gmtModify":1639530569511,"author":{"id":"4090845634066540","authorId":"4090845634066540","name":"Simplehuman","avatar":"https://static.tigerbbs.com/54ff0b8c8c3b676a1cc2d5ec9fada19f","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Watching closely","listText":"Watching closely","text":"Watching 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is currently retracing&nbsp;","listText":"It is currently retracing&nbsp;","text":"It is currently retracing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607171606","repostId":2191580999,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":607135896,"gmtCreate":1639495977897,"gmtModify":1639495978328,"author":{"id":"3577089953267281","authorId":"3577089953267281","name":"Annalz","avatar":"https://static.tigerbbs.com/ffd285ab6189bb61da4b48c3e149eedc","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"A great job！ MSFT","listText":"A great job！ MSFT","text":"A great job！ MSFT","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607135896","repostId":2191580999,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":607348997,"gmtCreate":1639493347721,"gmtModify":1639493348031,"author":{"id":"3553224628095486","authorId":"3553224628095486","name":"WW1012","avatar":"https://static.tigerbbs.com/f992cdfebad899a930707fdd9a236024","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/607348997","repostId":2191580999,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6980072,"gmtCreate":1639493353616,"gmtModify":1639493353648,"authorId":3553224628095486,"author":{"id":3553224628095486,"authorId":3553224628095486,"name":"WW1012","avatar":"https://static.tigerbbs.com/f992cdfebad899a930707fdd9a236024","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":607348997,"type":1,"supId":0,"prevId":0,"content":"G","text":"G","html":"G"}],"langContent":"CN"},{"id":607357097,"gmtCreate":1639493071721,"gmtModify":1639493072375,"author":{"id":"3573788625955643","authorId":"3573788625955643","name":"Alvin1975","avatar":"https://static.tigerbbs.com/beba0668af2d109b87221754e75935b3","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Up up up","listText":"Up up up","text":"Up up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/607357097","repostId":2191580999,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6979984,"gmtCreate":1639493080063,"gmtModify":1639493080090,"authorId":3573788625955643,"author":{"id":3573788625955643,"authorId":3573788625955643,"name":"Alvin1975","avatar":"https://static.tigerbbs.com/beba0668af2d109b87221754e75935b3","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":607357097,"type":1,"supId":0,"prevId":0,"content":"Up","text":"Up","html":"Up"}],"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":100,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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