
Mastercard (MA) has made over $7 billion in adjusted free cash flow (FCF) so far this year based on its Q3 earnings. This huge FCF represents 38% of its YTD revenue and 45.9% of its quarterly sales.
As a result, using analysts' 2024 sales forecasts MA stock could be worth 35% more. That means it could be worth up to $550 per share by the end of next year.