Company Valuation: Cintas Corporation

Data adjusted to current consolidation scope
Fiscal Period: May 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 37,141 40,759 48,017 68,789 91,458 82,751 - -
Change - 9.74% 17.81% 43.26% 32.95% -9.52% - -
Enterprise Value (EV) 1 39,189 43,464 50,380 71,115 93,848 70,658 83,861 83,154
Change - 10.91% 15.91% 41.16% 31.97% -24.71% -1.24% -0.84%
P/E 34.5x 34.2x 36.3x 44.8x 51.5x 34.9x 37.7x 34x
PBR 9.98x 12.2x 12.4x 15.9x 19.5x 13.5x 12.8x 11x
PEG - 2.5x 3.2x 2.7x 3.2x 3x 3.1x 3.1x
Capitalization / Revenue 5.22x 5.19x 5.45x 7.17x 8.84x 6.08x 6.78x 6.31x
EV / Revenue 5.51x 5.53x 5.71x 7.41x 9.08x 6.27x 6.87x 6.34x
EV / EBITDA 22.1x 21.9x 22.8x 28.3x 32.9x 22.7x 24.4x 22.3x
EV / EBIT 28.3x 27.4x 27.9x 34.4x 39.8x 27.1x 29.1x 26.3x
EV / FCF 32.2x 33.5x 39.8x 42.6x 53.4x 37.6x 37.9x 33.7x
FCF Yield 3.11% 2.98% 2.51% 2.35% 1.87% 2.66% 2.64% 2.97%
Dividend per Share 2 1.252 0.95 1.15 1.35 1.56 1.748 1.892 2.013
Rate of return 1.42% 0.95% 0.97% 0.8% 0.69% 0.85% 0.91% 0.97%
EPS 2 2.56 2.912 3.248 3.788 4.4 4.91 5.486 6.088
Distribution rate 48.9% 32.6% 35.4% 35.6% 35.5% 35.8% 34.5% 33.1%
Net sales 1 7,116 7,854 8,816 9,597 10,340 11,265 12,205 13,106
EBITDA 1 1,773 1,987 2,212 2,511 2,854 3,119 3,430 3,722
EBIT 1 1,385 1,587 1,803 2,069 2,360 2,607 2,880 3,164
Net income 1 1,111 1,236 1,348 1,572 1,812 2,000 2,216 2,454
Net Debt 1 2,048 2,705 2,362 2,326 2,391 2,139 1,110 402.8
Reference price 2 88.38 99.58 118.04 169.49 226.50 206.79 206.79 206.79
Nbr of stocks (in thousands) 420,213 409,300 406,807 405,853 403,787 400,170 - -
Announcement Date 15/7/21 14/7/22 13/7/23 18/7/24 17/7/25 15/7/26 - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
42.3x7.56x27.3x0.85% 82.75B
39.18x4.55x14.83x1.16% 20.49B
30.53x1.27x12.73x1.06% 15.68B
19.79x2.11x10.4x3.57% 14.27B
25.21x2.84x12.17x2.97% 12.04B
24.12x3.38x13x2.4% 7.62B
15.35x0.67x9.56x1.37% 7.08B
9.96x1.13x6.01x2.12% 5.99B
20.27x2.18x10.32x-.--% 5.21B
44.67x2.02x15.74x0.46% 5.31B
Average 27.14x 2.77x 13.21x 1.6% 17.64B
Weighted average by Cap. 34.36x 4.89x 19.26x 1.36%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Cintas Corporation