Company Valuation: Illinois Tool Works Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 64,532 77,466 67,673 78,814 74,876 73,842 73,842 -
Change - 20.04% -12.64% 16.46% -5% -1.38% 0% -
Enterprise Value (EV) 1 70,090 83,626 74,728 85,913 81,791 81,473 81,587 81,677
Change - 19.31% -10.64% 14.97% -4.8% -0.39% 0.14% 0.11%
P/E ratio 30.8x 29x 22.5x 26.9x 21.7x 24.3x 22.5x 20.9x
PBR 20.3x 21.3x 22.1x 26.3x 22.7x 23.7x 23.6x 26x
PEG - 1x 1.5x -87.6x 1.1x -2.3x 2.77x 2.73x
Capitalization / Revenue 5.13x 5.36x 4.25x 4.89x 4.71x 4.61x 4.46x 4.31x
EV / Revenue 5.57x 5.79x 4.69x 5.33x 5.14x 5.08x 4.92x 4.76x
EV / EBITDA 21.2x 21.5x 17.8x 19.4x 17.5x 17.6x 16.7x 15.9x
EV / EBIT 24.3x 24.1x 19.7x 21.3x 19.2x 19.3x 18.3x 17.4x
EV / FCF 27.3x 37x 38.6x 27.9x 28.8x 27.6x 25.4x 23.2x
FCF Yield 3.67% 2.7% 2.59% 3.59% 3.48% 3.63% 3.93% 4.32%
Dividend per Share 2 4.42 4.72 5.06 5.42 5.8 6.115 6.507 6.952
Rate of return 2.17% 1.91% 2.3% 2.07% 2.29% 2.4% 2.56% 2.73%
EPS 2 6.63 8.51 9.77 9.74 11.71 10.46 11.3 12.17
Distribution rate 66.7% 55.5% 51.8% 55.6% 49.5% 58.5% 57.6% 57.1%
Net sales 1 12,574 14,455 15,932 16,107 15,898 16,022 16,567 17,142
EBITDA 1 3,309 3,887 4,200 4,435 4,666 4,621 4,885 5,135
EBIT 1 2,882 3,477 3,790 4,040 4,264 4,226 4,468 4,695
Net income 1 2,109 2,694 3,034 2,957 3,488 3,056 3,243 3,427
Net Debt 1 5,558 6,160 7,055 7,099 6,915 7,631 7,745 7,835
Reference price 2 203.88 246.80 220.30 261.94 253.56 254.54 254.54 254.54
Nbr of stocks (in thousands) 316,520 313,881 307,186 300,886 295,300 290,100 290,100 -
Announcement Date 2/5/21 2/3/22 2/2/23 2/1/24 2/5/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.34x5.08x17.63x2.4% 73.84B
23.86x - - -.--% 1,076B
28.78x2.24x14.56x0.94% 147B
22.67x4.05x15.83x2.21% 132B
53.48x2.96x25.77x0.59% 90.69B
24.54x3.96x14.01x1.75% 89.21B
26.3x1.61x13.48x1.17% 61.29B
14.22x0.87x5.47x3.11% 21.85B
24.06x1.58x8.73x3.7% 20.17B
Average 26.92x 2.79x 14.43x 1.76% 190.21B
Weighted average by Cap. 25.78x 3.16x 16.10x 0.6%
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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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