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 81,330 - -
Change - 9.74% 17.81% 43.26% 32.95% -11.07% - -
Enterprise Value (EV) 1 39,189 43,464 50,380 71,115 93,848 70,658 82,440 81,944
Change - 10.91% 15.91% 41.16% 31.97% -24.71% -1.27% -0.6%
P/E 34.5x 34.2x 36.3x 44.8x 51.5x 34.9x 37.1x 33.4x
PBR 9.98x 12.2x 12.4x 15.9x 19.5x 13.5x 12.6x 10.8x
PEG - 2.5x 3.2x 2.7x 3.2x 3x 3x 3x
Capitalization / Revenue 5.22x 5.19x 5.45x 7.17x 8.84x 6.08x 6.66x 6.21x
EV / Revenue 5.51x 5.53x 5.71x 7.41x 9.08x 6.27x 6.75x 6.26x
EV / EBITDA 22.1x 21.9x 22.8x 28.3x 32.9x 22.7x 24x 22x
EV / EBIT 28.3x 27.4x 27.9x 34.4x 39.8x 27.1x 28.6x 25.9x
EV / FCF 32.2x 33.5x 39.8x 42.6x 53.4x 37.6x 37.3x 33.2x
FCF Yield 3.11% 2.98% 2.51% 2.35% 1.87% 2.66% 2.68% 3.01%
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% 0.86% 0.93% 0.99%
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 12,211 13,091
EBITDA 1 1,773 1,987 2,212 2,511 2,854 3,119 3,437 3,721
EBIT 1 1,385 1,587 1,803 2,069 2,360 2,607 2,886 3,158
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 1,110 614
Reference price 2 88.38 99.58 118.04 169.49 226.50 203.25 203.25 203.25
Nbr of stocks (in thousands) 420,213 409,300 406,807 405,853 403,787 400,147 - -
Announcement Date 7/15/21 7/14/22 7/13/23 7/18/24 7/17/25 7/15/26 - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
41.58x7.44x26.85x0.86% 81.33B
38.54x4.51x14.73x1.19% 20.34B
30.36x1.26x12.67x1.07% 15.59B
18.94x2.04x10.09x3.7% 13.64B
25.13x2.83x12.13x2.98% 11.88B
25.29x3.48x13.42x2.31% 7.83B
15.22x0.66x9.5x1.38% 6.93B
44.08x1.99x15.52x0.47% 5.24B
18.09x0.39x8.85x4.08% 5.13B
8.56x0.98x5.19x2.47% 5.15B
Average 26.58x 2.56x 12.90x 2.05% 17.3B
Weighted average by Cap. 33.90x 4.78x 18.99x 1.5%

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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