Company Valuation: Cintas Corporation

Data adjusted to current consolidation scope
Fiscal Period: May 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 40,759 48,017 68,789 91,458 68,519 80,135 - -
Change - 17.81% 43.26% 32.95% -25.08% 16.95% - -
Enterprise Value (EV) 1 43,464 50,380 71,115 93,848 70,658 81,621 80,656 79,715
Change - 15.91% 41.16% 31.97% -24.71% 15.52% -1.18% -1.17%
P/E 34.2x 36.3x 44.8x 51.5x 34.9x 36.4x 32.7x 29.7x
PBR 12.2x 12.4x 15.9x 19.5x 13.5x 13.3x 11.5x 9.99x
PEG - 3.2x 2.7x 3.2x 3x 3x 2.9x 3.01x
Capitalization / Revenue 5.19x 5.45x 7.17x 8.84x 6.08x 6.55x 6.09x 5.67x
EV / Revenue 5.53x 5.71x 7.41x 9.08x 6.27x 6.67x 6.13x 5.64x
EV / EBITDA 21.9x 22.8x 28.3x 32.9x 22.7x 23.6x 21.4x 19.5x
EV / EBIT 27.4x 27.9x 34.4x 39.8x 27.1x 28x 25.2x 22.8x
EV / FCF 33.5x 39.8x 42.6x 53.4x 37.6x 37.4x 32.6x 29.3x
FCF Yield 2.98% 2.51% 2.35% 1.87% 2.66% 2.68% 3.07% 3.42%
Dividend per Share 2 0.95 1.15 1.35 1.56 1.8 1.985 2.153 2.209
Rate of return 0.95% 0.97% 0.8% 0.69% 1.05% 0.99% 1.07% 1.1%
EPS 2 2.912 3.248 3.788 4.4 4.91 5.512 6.137 6.743
Distribution rate 32.6% 35.4% 35.6% 35.5% 36.7% 36% 35.1% 32.8%
Net sales 1 7,854 8,816 9,597 10,340 11,265 12,243 13,167 14,130
EBITDA 1 1,987 2,212 2,511 2,854 3,119 3,451 3,769 4,084
EBIT 1 1,587 1,803 2,069 2,360 2,607 2,911 3,200 3,500
Net income 1 1,236 1,348 1,572 1,812 2,000 2,222 2,470 2,713
Net Debt 1 2,705 2,362 2,326 2,391 2,139 1,486 520.7 -419.7
Reference price 2 99.58 118.04 169.49 226.50 171.26 200.58 200.58 200.58
Nbr of stocks (in thousands) 4,09,300 4,06,807 4,05,853 4,03,787 4,00,087 3,99,517 - -
Announcement Date 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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.39x6.67x23.65x0.99% 8.01TCr
36.44x1.22x13.12x1.03% 1.62TCr
19.5x2x9.86x3.77% 1.34TCr
25.55x2.85x12.21x2.92% 1.2TCr
23.18x3.27x12.59x2.48% 733.76Cr
15.47x0.65x9.2x1.39% 681.73Cr
78.18x - - - 528.75Cr
9.19x1.09x5.82x2.28% 547.79Cr
19.6x0.42x9.75x3.8% 540.35Cr
20.36x2.2x10.35x-.--% 524.58Cr
Average 28.39x 2.26x 11.84x 2.07% 1.57TCr
Weighted average by Cap. 31.95x 4.36x 17.63x 1.59%

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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  3. CTAS Stock
  4. Valuation Cintas Corporation