Company Valuation: United Rentals, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 24,056 24,634 38,867 46,227 51,497 70,938 - -
Change - 2.4% 57.78% 18.94% 11.4% 37.75% - -
Enterprise Value (EV) 1 33,597 35,898 50,022 59,176 65,267 85,241 84,983 84,548
Change - 6.85% 39.35% 18.3% 10.29% 30.6% -0.3% -0.51%
P/E 17.5x 12x 16.3x 18.2x 21x 24.9x 21.5x 19.2x
PBR 6.33x 3.56x 4.83x 5.42x 5.69x 7.2x 6.41x 5.52x
PEG - 0.2x 0.9x 1.88x -101.56x 1.3x 1.3x 1.7x
Capitalization / Revenue 2.48x 2.12x 2.71x 3.01x 3.2x 4.01x 3.72x 3.42x
EV / Revenue 3.46x 3.08x 3.49x 3.86x 4.05x 4.82x 4.45x 4.07x
EV / EBITDA 7.61x 6.39x 7.3x 8.26x 8.91x 10.6x 9.79x 8.92x
EV / EBIT 14.8x 11.1x 13.1x 14.6x 16.4x 18.9x 16.8x 15.2x
EV / FCF 22.6x 20.7x 21.7x 74.6x 29.9x 38.4x 36.7x 27.4x
FCF Yield 4.43% 4.82% 4.61% 1.34% 3.34% 2.61% 2.73% 3.65%
Dividend per Share 2 - - 5.92 6.52 7.16 7.884 8.464 9.172
Rate of return - - 1.03% 0.93% 0.88% 0.69% 0.74% 0.8%
EPS 2 19.04 29.65 35.28 38.69 38.61 45.76 53.11 59.22
Distribution rate - - 16.8% 16.9% 18.5% 17.2% 15.9% 15.5%
Net sales 1 9,716 11,642 14,332 15,345 16,099 17,698 19,093 20,754
EBITDA 1 4,414 5,618 6,857 7,160 7,328 8,019 8,678 9,481
EBIT 1 2,277 3,232 3,827 4,065 3,973 4,514 5,055 5,571
Net income 1 1,386 2,105 2,424 2,575 2,494 2,861 3,251 3,598
Net Debt 1 9,541 11,264 11,155 12,949 13,770 14,302 14,044 13,609
Reference price 2 332.29 355.42 573.42 704.44 809.32 1,139.71 1,139.71 1,139.71
Nbr of stocks (in thousands) 72,394 69,308 67,781 65,622 63,630 62,242 - -
Announcement Date 26/01/22 25/01/23 24/01/24 29/01/25 28/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.93x4.79x10.58x0.69% 70.94B
19.85x3.4x7.98x1.52% 31.73B
29.65x2.85x6.63x1.77% 5.45B
47.55x1.59x4.33x-.--% 4.9B
18.62x - - 1.66% 2.92B
16.11x - - - 1.43B
13.4x0.59x2.33x2.16% 1B
Average 24.30x 2.64x 6.37x 1.3% 16.91B
Weighted average by Cap. 24.36x 4.14x 9.33x 0.97%

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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