Company Valuation: Cintas Corporation

Data adjusted to current consolidation scope
Fiscal Period: May 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 37,141 40,759 48,017 68,789 91,458 82,530 - -
Change - 9.74% 17.81% 43.26% 32.95% -9.76% - -
Enterprise Value (EV) 1 39,189 43,464 50,380 71,115 93,848 70,658 83,640 83,144
Change - 10.91% 15.91% 41.16% 31.97% -24.71% -1.25% -0.59%
P/E 34.5x 34.2x 36.3x 44.8x 51.5x 34.9x 37.6x 34x
PBR 9.98x 12.2x 12.4x 15.9x 19.5x 13.5x 12.8x 11x
PEG - 2.5x 3.2x 2.7x 3.2x 3x 3.1x 3.1x
Capitalization / Revenue 5.22x 5.19x 5.45x 7.17x 8.84x 6.08x 6.76x 6.3x
EV / Revenue 5.51x 5.53x 5.71x 7.41x 9.08x 6.27x 6.85x 6.35x
EV / EBITDA 22.1x 21.9x 22.8x 28.3x 32.9x 22.7x 24.3x 22.3x
EV / EBIT 28.3x 27.4x 27.9x 34.4x 39.8x 27.1x 29x 26.3x
EV / FCF 32.2x 33.5x 39.8x 42.6x 53.4x 37.6x 37.9x 33.7x
FCF Yield 3.11% 2.98% 2.51% 2.35% 1.87% 2.66% 2.64% 2.96%
Dividend per Share 2 1.252 0.95 1.15 1.35 1.56 1.748 1.892 2.013
Rate of return 1.42% 0.95% 0.97% 0.8% 0.69% 0.85% 0.92% 0.98%
EPS 2 2.56 2.912 3.248 3.788 4.4 4.91 5.482 6.074
Distribution rate 48.9% 32.6% 35.4% 35.6% 35.5% 35.8% 34.5% 33.1%
Net sales 1 7,116 7,854 8,816 9,597 10,340 11,265 12,211 13,091
EBITDA 1 1,773 1,987 2,212 2,511 2,854 3,119 3,437 3,721
EBIT 1 1,385 1,587 1,803 2,069 2,360 2,607 2,886 3,158
Net income 1 1,111 1,236 1,348 1,572 1,812 2,000 2,216 2,454
Net Debt 1 2,048 2,705 2,362 2,326 2,391 2,139 1,110 614
Reference price 2 88.38 99.58 118.04 169.49 226.50 206.25 206.25 206.25
Nbr of stocks (in thousands) 420,213 409,300 406,807 405,853 403,787 400,147 - -
Announcement Date 15/07/21 14/07/22 13/07/23 18/07/24 17/07/25 15/07/26 - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
42.19x7.55x27.23x0.85% 82.53B
39.94x4.66x15.22x1.14% 21.08B
30.43x1.25x12.66x1.07% 15.62B
19.17x2.06x10.2x3.65% 13.9B
25.13x2.83x12.13x2.98% 12.03B
25.04x3.45x13.3x2.33% 7.79B
14.96x0.65x9.35x1.41% 6.82B
18.83x0.41x9.3x3.89% 5.43B
8.8x1.01x5.33x2.4% 5.29B
44.53x2.01x15.69x0.46% 5.29B
Average 26.90x 2.59x 13.04x 2.02% 17.58B
Weighted average by Cap. 34.41x 4.85x 19.25x 1.49%

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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