This document provides a detailed stock report on Microsoft Corporation (MSFT) as of May 17th, 2022. It summarizes the company's business operations, stock performance, financial ratios, analyst ratings, and compares MSFT to its industry peers and ETF holdings. The report highlights several strengths of MSFT including its large market capitalization, superior risk-adjusted returns, earnings and dividend growth, and positive cash flow and profitability ratios. Some concerns noted are below-median total returns and the stock being overpriced on valuation metrics relative to peers. On balance, the report views MSFT bullishly based on its fundamentals.

1. Page 1 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
MSFT:NSD (Microsoft Corporation)
Software-Infrastructure | NSD | Common Stock
Values as of 16th May, 2022
Stock Target Advisor
Detailed Stock Report
Report Date: 17th May, 2022
Last Close
USD 261.50
Change
+0.38(+0.15%)
Market Cap
USD 1,909.77B
1 Yr Capital Gain
6.66%
1 Yr Dividend Return
0.96%
1 Yr Total
Return
7.62%
Earning Growth (5 yr)
264.75%
Average Target Price
353.32(+35.11% )
Average Analyst
Rating
Strong Buy
Fundamental
Analysis
Bullish
Our view of the stock is Bullish with a score of 7.1 out of 10, where 0 is very bearish and 10 very bullish
What to like
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Low volatility
The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although
stability is good, also keep in mind it can limit returns.
Superior return on equity
The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior capital utilization
The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior return on assets
The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior Earnings Growth
This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.
Superior Dividend Growth
This stock has shown top quartile dividend growth in the previous 5 years compared to its sector
What to not like
Below median total returns
The company has under performed its peers on annual average total returns in the past 5 years.
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering
to buy.
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are
considering to buy.

2. Page 2 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
MSFT:NSD (Microsoft Corporation)
Software-Infrastructure | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 17th May, 2022
Adjusted Closing Share Volume
Relative Returns Relative Performance (Total Returns)
Security Capital Gain Dividend Return Total Return
MSFT
Microsoft Corporation
+5.4% +1% +6.3%
QQQ
Invesco QQQ Trust Series 1
-8.6% +0.4% -8.2%
Company Overview
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business
Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as
well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-
premises business solutions for organizations and enterprise divisions. Its Intelligent Cloud segment licenses SQL, Windows Servers, Visual
Studio, System Center, and related CALs; GitHub that provides a collaboration platform and code hosting service for developers; and Azure,
a cloud platform. It also offers support services and Microsoft consulting services to assist customers in developing, deploying, and
managing Microsoft server and desktop solutions; and training and certification on Microsoft products. Its More Personal Computing segment
provides Windows original equipment manufacturer (OEM) licensing and other non-volume licensing of the Windows operating system;
Windows Commercial, such as volume licensing of the Windows operating system, Windows cloud services, and other Windows commercial
offerings; patent licensing; Windows Internet of Things; and MSN advertising. It also offers Surface, PC accessories, PCs, tablets, gaming and
entertainment consoles, and other devices; Gaming, including Xbox hardware, and Xbox content and services; video games and third-party
video game royalties; and Search, including Bing and Microsoft advertising. It sells its products through OEMs, distributors, and resellers; and
directly through digital marketplaces, online stores, and retail stores. It has collaborations with Dynatrace, Inc., Morgan Stanley, Micro Focus,
WPP plc, ACI Worldwide, Inc., and iCIMS, Inc., as well as strategic relationships with Avaya Holdings Corp. and wejo Limited. Microsoft
Corporation was founded in 1975 and is based in Redmond, Washington.

3. Page 3 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
Company Website
https://www.microsoft.com
Address
One Microsoft Way, Redmond, WA, United States, 98052-6399
Fiscal Year End
June
Employees
181000
Technical Indicators
Value Value
Beta 0.91 52 Week High 348.95
Short Ratio 1.32 52 Week Low 237.22
Shorted Shares 41,237,238 200 Day Moving Average 304.74
Shorted Shares Previous Month 35,578,015 50 Day Moving Average 289.73
Shares Held By Insiders 6.10% Short Percentage 1.00%
Shares Held by Institutions 72.12 Dividend Yield 0.92%

4. Page 4 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
MSFT:NSD (Microsoft Corporation)
Software-Infrastructure | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 17th May, 2022
Market Performance
Market Performance vs. Industry / Classification (Software-Infrastructure) Market Performance vs. Exchange (Nasdaq Global Select)
Value Sector Median
Percentile
Rank
Grade Market Median Percentile Rank Grade
YTD
Capital Gain -22.25% -32.2% 71% -20.7% 48%
Dividend Return 0.18% 0.5% 25% 0.8% 11%
Total Return -22.06% -32.2% 71% -20.3% 48%
Trailing 12 Months
Capital Gain 6.66% -23.6% 77% -20.5% 88%
Dividend Return 0.96% 1.9% 20% 2.3% 20%
Total Return 7.62% -23.6% 77% -18.9% 88%
Trailing 5 Years
Capital Gain 287.52% 34.5% 85% 6.1% 93%
Dividend Return 13.97% 12.2% 80% 11.2% 63%
Total Return 301.50% 36.0% 87% 15.9% 93%
Average Annual (5 Year Horizon)
Capital Gain 38.56% 19.5% 73% 3.1% 85%
Dividend Return 1.55% 2.2% 17% 1.8% 43%
Total Return 40.11% 19.5% 74% 5.1% 85%
Risk Return Profile
Volatility (Standard
Deviation)
13.36% 39.7% 99% 32.3% 79%
Risk Adjusted Return 300.29% N/A 100% 21.8% 100%
Market Capitalization 1,909.77B 1.38B 100% 0.32B 100%

5. Page 5 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
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Key Financial Ratios
Ratios vs. Industry / Classification (Computer Hardware) Ratios vs. Exchange (Nasdaq Global Select)
Value Sector Median
Percentile
Rank
Grade Market Median Percentile Rank Grade
Market Value
peratio 26.7 40.3 56% 16.0 31%
pbratio 12.0 4.8 24% 1.6 6%
pcfratio 24.9 14.4 40% -0.1 12%
pfcfratio 19.3 27.3 62% 9.9 28%
Management Effectiveness
retequity 48.72% -11.4% 96% 0.4% 96%
retinvcap 31.48% -4.7% 88% -0.5% 93%
retass 15.67% -3.1% 99% 0.3% 97%
debtequityratio 35.27% 49.1% 58% 32.3% 48%
Technical Ratios
yield 0.92% 1.8% 20% 4.4% 8%
sratio 1.32 4.44 86% 3.07 72%
spercent 0.55% 3.7% 96% 2.9% 81%
beta 0.91 1.05 61% 1.08 63%

6. Page 6 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
MSFT:NSD (Microsoft Corporation)
Software-Infrastructure | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 17th May, 2022
Recent Analyst Ratings
Price Action Rating Action Analyst Rating Price date
Target Down Fundamental Research Hold USD 299.93 » USD 298 2022-05-03
Target Set by Goldman Sachs USD 365 2022-04-28
Target Set by JP Morgan & Company USD 320 2022-04-28
Target Raised by Wolfe Research USD 330 » USD 350 2022-04-27
Target Raised by Citigroup USD 355 » USD 364 2022-04-27
Maintains STA Research Strong Buy USD 339 2022-04-27
Target Lowered by Stifel Nicolaus Research USD 380 » USD 350 2022-04-27
Target Lowered by Deutsche Bank Capital USD 390 » USD 350 2022-04-27
Target Lowered by Wedbush USD 375 » USD 340 2022-04-27
Target Lowered by Evercore ISI Inline USD 370 » USD 330 2022-04-27
Target Lowered by BMO Financial Outperform USD 355 » USD 340 2022-04-26
Maintains STA Research Strong Buy USD 339 2022-04-19
Target Lowered by Citigroup USD 386 » USD 355 2022-04-19
Upgrade STA Research Strong Buy USD 300 » USD 339 2022-03-09
Maintains Tigress Financial Buy USD 366 » USD 411 2022-02-04
Target Set by JP Morgan & Company USD 320 2022-01-26
Maintains Oppenheimer Holdings Outperform USD 330 » USD 340 2022-01-26
Target Raised by Citigroup Buy USD 376 » USD 386 2022-01-26
Target Raised by Morgan Stanley Overweight USD 364 » USD 372 2022-01-26
Target Lowered by BMO Financial Outperform USD 360 » USD 355 2022-01-26
Target Set by UBS USD 360 2022-01-19
Target Raised by BMO Financial USD 355 » USD 360 2022-01-12
Target Raised by Jefferies Financial LLC Buy » Buy USD 375 » USD 400 2022-01-06
Initiated by
Sumitomo Mitsui Financial
Group
Outperform USD 410 2021-12-22
Initiated by UBS Outperform 2021-12-21

7. Page 7 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
MSFT:NSD (Microsoft Corporation)
Software-Infrastructure | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 17th May, 2022
Annual Financial (USD)

8. Page 8 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
MSFT:NSD (Microsoft Corporation)
Software-Infrastructure | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 17th May, 2022
Quarterly Financial (USD)

9. Page 9 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
MSFT:NSD (Microsoft Corporation)
Software-Infrastructure | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 17th May, 2022
Largest Industry Peers for Software-Infrastructure
Symbol Company Name Price(Change) Market Cap
ADBE Adobe Inc -2.59 (-0.6%) USD 191.58B
PANW Palo Alto Networks Inc. Common.. -22.83 (-4.6%) USD 48.36B
FTNT Fortinet Inc -5.98 (-2.1%) USD 42.81B
SNPS Synopsys Inc -2.26 (-0.8%) USD 42.25B
CRWD CrowdStrike Holdings Inc -9.90 (-6.3%) USD 36.26B
ZS Zscaler Inc -13.15 (-8.6%) USD 21.62B
MDB MongoDB Inc -34.03 (-11.9%) USD 19.33B
VRSN VeriSign Inc -0.56 (-0.3%) USD 18.09B
SPLK Splunk Inc -5.45 (-5.4%) USD 16.38B
AKAM Akamai Technologies Inc +0.25 (+0.3%) USD 15.82B
ETFs Containing MSFT
Symbol Company Name Weight Mer Price(Change) Market Cap
QQQ:PA Invesco EQQQ NASDAQ-100 UCITS .. 11.76 % 0.00 % N/A USD 5.41B
VONE Vanguard Russell 1000 Index Fu.. 5.52 % 0.12 % -0.69 (-0.1%) USD 5.06B
RUD.U:CA 5.19 % 0.43 % N/A N/A
VTHR Vanguard Russell 3000 Index Fu.. 5.19 % 0.15 % -0.69 (-0.1%) USD 1.98B
VTI Vanguard Index Funds - Vanguar.. 5.09 % 0.03 % -0.99 (-0.1%) USD 1,200.91B
ZSP.U:CA 4.29 % 0.09 % N/A N/A
KOKU Xtrackers MSCI Kokusai Equity .. 3.90 % 0.00 % -0.18 (-0.1%) N/A
XDEQ:XETRA Xtrackers (IE) Public Limited .. 3.53 % 0.00 % -0.35 (-0.1%) USD 0.92B
XDEQ:F Xtrackers (IE) Public Limited .. 3.53 % 0.00 % +0.09 (+-0.1%) USD 0.92B
VIDG Defiance NextGen Video Gaming .. 3.32 % 0.52 % N/A USD 3.70M
The Stock Target Advisor platform run millions of calculations every day on over 30,000 Canadian and American stocks, comparing and
ranking their financial and market performance against their sectors and exchange.
We represent the percentile ranking using the following grading system.
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%