Company Valuation: Cintas Corporation

Data adjusted to current consolidation scope
Fiscal Period: May 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 40,759 48,017 68,789 91,458 68,519 81,887 - -
Change - 17.81% 43.26% 32.95% -25.08% 19.51% - -
Enterprise Value (EV) 1 43,464 50,380 71,115 93,848 70,658 82,997 82,290 80,929
Change - 15.91% 41.16% 31.97% -24.71% 17.46% -0.85% -1.65%
P/E 34.2x 36.3x 44.8x 51.5x 34.9x 37.3x 33.6x 30.3x
PBR 12.2x 12.4x 15.9x 19.5x 13.5x 12.7x 10.9x 9.41x
PEG - 3.2x 2.7x 3.2x 3x 3.2x 3.1x 2.8x
Capitalization / Revenue 5.19x 5.45x 7.17x 8.84x 6.08x 6.71x 6.25x 5.82x
EV / Revenue 5.53x 5.71x 7.41x 9.08x 6.27x 6.8x 6.28x 5.75x
EV / EBITDA 21.9x 22.8x 28.3x 32.9x 22.7x 24.2x 22.1x 20x
EV / EBIT 27.4x 27.9x 34.4x 39.8x 27.1x 28.8x 26x 23.4x
EV / FCF 33.5x 39.8x 42.6x 53.4x 37.6x 37.5x 33.3x 29.7x
FCF Yield 2.98% 2.51% 2.35% 1.87% 2.66% 2.67% 3% 3.37%
Dividend per Share 2 0.95 1.15 1.35 1.56 - 1.892 2.013 2.126
Rate of return 0.95% 0.97% 0.8% 0.69% - 0.92% 0.98% 1.04%
EPS 2 2.912 3.248 3.788 4.4 4.91 5.486 6.088 6.758
Distribution rate 32.6% 35.4% 35.6% 35.5% - 34.5% 33.1% 31.5%
Net sales 1 7,854 8,816 9,597 10,340 11,265 12,205 13,106 14,074
EBITDA 1 1,987 2,212 2,511 2,854 3,119 3,430 3,722 4,056
EBIT 1 1,587 1,803 2,069 2,360 2,607 2,880 3,164 3,462
Net income 1 1,236 1,348 1,572 1,812 2,000 2,216 2,454 2,735
Net Debt 1 2,705 2,362 2,326 2,391 2,139 1,110 402.8 -957.7
Reference price 2 99.58 118.04 169.49 226.50 171.26 204.63 204.63 204.63
Nbr of stocks (in thousands) 409,300 406,807 405,853 403,787 400,087 400,170 - -
Announcement Date 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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
37.3x6.8x24.19x0.92% 81.89B
39.09x4.54x14.8x1.17% 20.44B
31.64x1.29x12.92x1.04% 15.93B
19.72x2.08x10.24x3.62% 14.13B
25.2x2.84x12.18x2.97% 12.07B
24.34x3.41x13.11x2.38% 7.7B
15.25x0.66x9.42x1.39% 6.95B
9.91x1.13x5.99x2.13% 5.96B
18.96x0.4x9.36x3.93% 5.39B
44.57x2.01x15.7x0.46% 5.3B
Average 26.60x 2.52x 12.79x 2% 17.58B
Weighted average by Cap. 32.04x 4.46x 17.73x 1.52%

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