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 76,695 - -
Change - 17.81% 43.26% 32.95% -25.08% 11.93% - -
Enterprise Value (EV) 1 43,464 50,380 71,115 93,848 70,658 78,224 77,309 76,276
Change - 15.91% 41.16% 31.97% -24.71% 10.71% -1.17% -1.34%
P/E 34.2x 36.3x 44.8x 51.5x 34.9x 35.9x 32.3x 29.3x
PBR 12.2x 12.4x 15.9x 19.5x 13.5x 13.1x 11.3x 9.85x
PEG - 3.2x 2.7x 3.2x 3x 2.9x 2.9x 2.9x
Capitalization / Revenue 5.19x 5.45x 7.17x 8.84x 6.08x 6.27x 5.83x 5.43x
EV / Revenue 5.53x 5.71x 7.41x 9.08x 6.27x 6.39x 5.87x 5.4x
EV / EBITDA 21.9x 22.8x 28.3x 32.9x 22.7x 22.7x 20.5x 18.7x
EV / EBIT 27.4x 27.9x 34.4x 39.8x 27.1x 26.9x 24.2x 21.8x
EV / FCF 33.5x 39.8x 42.6x 53.4x 37.6x 35.9x 31.3x 28x
FCF Yield 2.98% 2.51% 2.35% 1.87% 2.66% 2.78% 3.2% 3.57%
Dividend per Share 2 0.95 1.15 1.35 1.56 1.8 1.948 2.118 2.205
Rate of return 0.95% 0.97% 0.8% 0.69% 1.05% 0.99% 1.07% 1.12%
EPS 2 2.912 3.248 3.788 4.4 4.91 5.511 6.121 6.743
Distribution rate 32.6% 35.4% 35.6% 35.5% 36.7% 35.3% 34.6% 32.7%
Net sales 1 7,854 8,816 9,597 10,340 11,265 12,239 13,162 14,126
EBITDA 1 1,987 2,212 2,511 2,854 3,119 3,448 3,762 4,081
EBIT 1 1,587 1,803 2,069 2,360 2,607 2,904 3,193 3,497
Net income 1 1,236 1,348 1,572 1,812 2,000 2,222 2,463 2,713
Net Debt 1 2,705 2,362 2,326 2,391 2,139 1,529 613.4 -419.7
Reference price 2 99.58 118.04 169.49 226.50 171.26 197.68 197.68 197.68
Nbr of stocks (in thousands) 409,300 406,807 405,853 403,787 400,087 399,517 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
34.81x6.35x22.99x1% 76.7B
37.16x1.24x13.35x1% 16.52B
19.96x2.04x10.06x3.69% 13.74B
25.51x2.85x12.19x2.93% 11.93B
23.48x3.3x12.74x2.45% 7.46B
16.21x0.68x9.53x1.32% 7.15B
9.54x1.13x6.02x2.2% 5.69B
19.38x0.41x9.65x3.85% 5.38B
20.5x2.21x10.42x-.--% 5.28B
82.82x - - - 5.6B
Average 28.94x 2.25x 11.88x 2.05% 15.55B
Weighted average by Cap. 31.42x 4.13x 17.16x 1.6%

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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