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 80,750 - -
Change - 17.81% 43.26% 32.95% -25.08% 17.85% - -
Enterprise Value (EV) 1 43,464 50,380 71,115 93,848 70,658 81,860 81,153 79,792
Change - 15.91% 41.16% 31.97% -24.71% 15.85% -0.86% -1.68%
P/E 34.2x 36.3x 44.8x 51.5x 34.9x 36.8x 33.1x 29.9x
PBR 12.2x 12.4x 15.9x 19.5x 13.5x 12.5x 10.8x 9.28x
PEG - 3.2x 2.7x 3.2x 3x 3.1x 3x 2.8x
Capitalization / Revenue 5.19x 5.45x 7.17x 8.84x 6.08x 6.61x 6.15x 5.74x
EV / Revenue 5.53x 5.71x 7.41x 9.08x 6.27x 6.7x 6.18x 5.67x
EV / EBITDA 21.9x 22.8x 28.3x 32.9x 22.7x 23.8x 21.7x 19.6x
EV / EBIT 27.4x 27.9x 34.4x 39.8x 27.1x 28.3x 25.5x 22.9x
EV / FCF 33.5x 39.8x 42.6x 53.4x 37.6x 37x 32.7x 29.3x
FCF Yield 2.98% 2.51% 2.35% 1.87% 2.66% 2.7% 3.05% 3.42%
Dividend per Share 2 0.95 1.15 1.35 1.56 - 1.887 2.03 2.231
Rate of return 0.95% 0.97% 0.8% 0.69% - 0.94% 1.01% 1.11%
EPS 2 2.912 3.248 3.788 4.4 4.91 5.489 6.096 6.758
Distribution rate 32.6% 35.4% 35.6% 35.5% - 34.4% 33.3% 33%
Net sales 1 7,854 8,816 9,597 10,340 11,265 12,214 13,126 14,063
EBITDA 1 1,987 2,212 2,511 2,854 3,119 3,440 3,734 4,068
EBIT 1 1,587 1,803 2,069 2,360 2,607 2,888 3,179 3,483
Net income 1 1,236 1,348 1,572 1,812 2,000 2,218 2,458 2,735
Net Debt 1 2,705 2,362 2,326 2,391 2,139 1,110 402.8 -957.7
Reference price 2 99.58 118.04 169.49 226.50 171.26 201.79 201.79 201.79
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
36.76x6.7x23.8x0.93% 80.75B
39.25x1.3x14.01x0.95% 17.44B
20.05x2.05x10.11x3.67% 14.07B
25.42x2.84x12.15x2.94% 12.16B
25.04x3.49x13.44x2.31% 8.08B
15.43x0.66x9.25x1.39% 7.01B
10.71x1.26x6.7x1.96% 6.38B
22.41x2.42x11.39x-.--% 5.77B
18.7x0.4x9.32x3.99% 5.3B
Average 23.75x 2.35x 12.24x 2.01% 17.44B
Weighted average by Cap. 30.91x 4.36x 17.76x 1.54%

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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  3. CTAS Stock
  4. CTAS * Stock
  5. Valuation Cintas Corporation