Company Valuation: United Rentals, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 24,056 24,634 38,867 46,227 51,497 65,673 - -
Change - 2.4% 57.78% 18.94% 11.4% 27.53% - -
Enterprise Value (EV) 1 33,597 35,898 50,022 59,176 65,267 80,121 80,042 79,878
Change - 6.85% 39.35% 18.3% 10.29% 22.76% -0.1% -0.21%
P/E 17.5x 12x 16.3x 18.2x 21x 23x 19.6x 17.3x
PBR 6.33x 3.56x 4.83x 5.42x 5.69x 6.68x 5.92x 5.11x
PEG - 0.2x 0.9x 1.88x -101.56x 1.2x 1.1x 1.3x
Capitalization / Revenue 2.48x 2.12x 2.71x 3.01x 3.2x 3.7x 3.41x 3.14x
EV / Revenue 3.46x 3.08x 3.49x 3.86x 4.05x 4.52x 4.16x 3.82x
EV / EBITDA 7.61x 6.39x 7.3x 8.26x 8.91x 9.96x 9.16x 8.41x
EV / EBIT 14.8x 11.1x 13.1x 14.6x 16.4x 17.7x 15.7x 14.2x
EV / FCF 22.6x 20.7x 21.7x 74.6x 29.9x 35.7x 35x 27.1x
FCF Yield 4.43% 4.82% 4.61% 1.34% 3.34% 2.8% 2.86% 3.69%
Dividend per Share 2 - - 5.92 6.52 7.16 7.858 8.546 9.102
Rate of return - - 1.03% 0.93% 0.88% 0.74% 0.81% 0.86%
EPS 2 19.04 29.65 35.28 38.69 38.61 45.93 53.83 61.01
Distribution rate - - 16.8% 16.9% 18.5% 17.1% 15.9% 14.9%
Net sales 1 9,716 11,642 14,332 15,345 16,099 17,741 19,261 20,930
EBITDA 1 4,414 5,618 6,857 7,160 7,328 8,043 8,735 9,501
EBIT 1 2,277 3,232 3,827 4,065 3,973 4,519 5,083 5,610
Net income 1 1,386 2,105 2,424 2,575 2,494 2,870 3,267 3,650
Net Debt 1 9,541 11,264 11,155 12,949 13,770 14,448 14,370 14,205
Reference price 2 332.29 355.42 573.42 704.44 809.32 1,055.11 1,055.11 1,055.11
Nbr of stocks (in thousands) 72,394 69,308 67,781 65,622 63,630 62,242 - -
Announcement Date 26/1/22 25/1/23 24/1/24 29/1/25 28/1/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.97x4.52x9.96x0.74% 65.67B
18.81x3.26x7.68x1.6% 30.07B
29.32x2.74x6.53x1.97% 4.78B
44.02x1.52x4.15x-.--% 4.53B
18.31x - - 1.69% 2.87B
16.52x - - - 1.46B
13.9x0.62x2.44x2.08% 1.04B
Average 23.41x 2.53x 6.15x 1.35% 15.78B
Weighted average by Cap. 22.69x 3.91x 8.84x 1.04%

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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