Company Valuation: Eaton Corporation plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 68,886 62,419 96,159 131,155 123,709 155,103 - -
Change - -9.39% 54.05% 36.39% -5.68% 25.38% - -
Enterprise Value (EV) 1 76,897 70,519 102,819 138,227 132,801 171,416 169,618 169,421
Change - -8.29% 45.8% 34.44% -3.93% 29.08% -1.05% -0.12%
P/E ratio 32.4x 25.6x 30x 34.9x 30.5x 34.6x 27.2x 23.2x
PBR 4.2x 3.68x 5.05x 7.17x 6.36x 6.96x 6.03x 5.42x
PEG - 1.7x 1x 1.9x 3.05x 3.3x 1x 1.3x
Capitalization / Revenue 3.51x 3.01x 4.15x 5.27x 4.51x 4.84x 4.38x 4.03x
EV / Revenue 3.92x 3.4x 4.43x 5.56x 4.84x 5.35x 4.79x 4.41x
EV / EBITDA 22.7x 17x 20.9x 23.9x 20.3x 22.6x 19.1x 16.9x
EV / EBIT 31.2x 22.1x 25.7x 28.4x 24x 26.2x 21.8x 19.5x
EV / FCF 48.4x 36.4x 35.9x 39.3x 37.4x 43.6x 32.6x 27.3x
FCF Yield 2.07% 2.74% 2.79% 2.55% 2.68% 2.29% 3.06% 3.66%
Dividend per Share 2 3.04 3.24 3.44 3.76 4.16 4.317 4.666 5.22
Rate of return 1.76% 2.06% 1.43% 1.13% 1.31% 1.08% 1.17% 1.31%
EPS 2 5.34 6.14 8.02 9.5 10.45 11.55 14.7 17.25
Distribution rate 56.9% 52.8% 42.9% 39.6% 39.8% 37.4% 31.7% 30.3%
Net sales 1 19,628 20,752 23,196 24,878 27,448 32,055 35,412 38,443
EBITDA 1 3,385 4,152 4,922 5,791 6,531 7,575 8,897 10,018
EBIT 1 2,463 3,198 3,996 4,870 5,525 6,555 7,787 8,697
Net income 1 2,144 2,462 3,218 3,794 4,087 4,521 5,680 6,663
Net Debt 1 8,011 8,100 6,660 7,072 9,092 16,314 14,515 14,318
Reference price 2 172.82 156.95 240.82 331.87 318.51 399.44 399.44 399.44
Nbr of stocks (in thousands) 398,600 397,700 399,300 395,200 388,400 388,300 - -
Announcement Date 2/4/22 2/8/23 2/1/24 1/31/25 2/3/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.6x5.35x22.63x1.08% 155B
24.21x2.89x15.67x2.17% 232B
28.09x3.68x16.98x1.74% 172B
49.74x6.79x29.18x0.86% 171B
63.57x10.2x41.49x0.07% 142B
105.47x14.87x76.68x0.28% 122B
27.32x4.51x15.76x1.66% 74.52B
31.47x6.58x20.49x0.6% 52.24B
36.09x5.9x24.49x1.26% 49.93B
27.77x4.14x17.47x1.78% 46.2B
Average 42.83x 6.49x 28.08x 1.15% 121.78B
Weighted average by Cap. 43.52x 6.34x 28.40x 1.2%

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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