Company Valuation: Trane Technologies plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 47,990 38,712 55,501 83,113 86,301 98,782 - -
Change - -19.33% 43.37% 49.75% 3.84% 14.46% - -
Enterprise Value (EV) 1 50,673 42,328 59,186 86,293 89,153 101,264 99,917 97,069
Change - -16.47% 39.83% 45.8% 3.31% 13.59% -1.33% -2.85%
P/E 33.9x 22.2x 27.4x 32.5x 30x 29.7x 25.5x 22.1x
PBR 7.8x 6.48x 8.02x 11.3x 10.2x 10.3x 8.78x 7.12x
PEG - 0.8x 1.6x 1.2x 2.1x 1.8x 1.6x 1.5x
Capitalization / Revenue 3.39x 2.42x 3.14x 4.19x 4.05x 4.17x 3.82x 3.52x
EV / Revenue 3.58x 2.65x 3.35x 4.35x 4.18x 4.27x 3.87x 3.46x
EV / EBITDA 21.4x 15.7x 18.6x 22.4x 20.8x 20.9x 18.3x 15.8x
EV / EBIT 24.5x 17.8x 20.5x 24.7x 22.6x 22.7x 19.8x 17x
EV / FCF 37.1x 34.9x 28.3x 31.1x 31.7x 30x 26.6x 22.4x
FCF Yield 2.69% 2.86% 3.53% 3.22% 3.15% 3.34% 3.77% 4.47%
Dividend per Share 2 2.36 2.68 3 3.36 3.76 4.082 4.447 4.724
Rate of return 1.17% 1.59% 1.23% 0.91% 0.97% 0.91% 0.99% 1.05%
EPS 2 5.96 7.57 8.89 11.35 12.98 15.12 17.6 20.28
Distribution rate 39.6% 35.4% 33.7% 29.6% 29% 27% 25.3% 23.3%
Net sales 1 14,136 15,992 17,678 19,838 21,322 23,710 25,844 28,071
EBITDA 1 2,364 2,694 3,184 3,846 4,276 4,846 5,473 6,143
EBIT 1 2,069 2,379 2,888 3,487 3,945 4,461 5,054 5,718
Net income 1 1,444 1,756 2,024 2,568 2,919 3,373 3,861 4,438
Net Debt 1 2,683 3,616 3,684 3,180 2,852 2,483 1,135 -1,713
Reference price 2 202.03 168.09 243.90 369.35 389.20 448.96 448.96 448.96
Nbr of stocks (in thousands) 237,540 230,307 227,557 225,024 221,739 220,023 - -
Announcement Date 1/31/22 2/2/23 2/1/24 1/30/25 1/29/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.69x4.27x20.9x0.91% 98.78B
29.26x3.66x19.61x1.15% 84.56B
28.95x2.53x12.33x1.68% 48.46B
20.9x1.13x8.13x1.73% 36.35B
16.6x2.6x11.85x1.31% 13.6B
25.5x1.49x14.56x4.03% 12.02B
26.92x2.35x13.68x1.12% 9.09B
16.66x2.21x10.74x2.39% 8.21B
26.3x1.99x15.31x1.21% 7.3B
Average 24.53x 2.47x 14.12x 1.72% 35.37B
Weighted average by Cap. 27.25x 3.15x 16.57x 1.37%

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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