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 72,564 - -
Change - 9.74% 17.81% 43.26% 32.95% -20.66% - -
Enterprise Value (EV) 1 39,189 43,464 50,380 71,115 93,848 74,766 74,052 73,417
Change - 10.91% 15.91% 41.16% 31.97% -20.33% -0.96% -0.86%
P/E 34.5x 34.2x 36.3x 44.8x 51.5x 37.1x 33.4x 30.1x
PBR 9.98x 12.2x 12.4x 15.9x 19.5x 14.4x 12.4x 10.8x
PEG - 2.5x 3.2x 2.7x 3.2x 3.4x 3x 2.8x
Capitalization / Revenue 5.22x 5.19x 5.45x 7.17x 8.84x 6.44x 5.98x 5.59x
EV / Revenue 5.51x 5.53x 5.71x 7.41x 9.08x 6.63x 6.1x 5.65x
EV / EBITDA 22.1x 21.9x 22.8x 28.3x 32.9x 24x 21.9x 20x
EV / EBIT 28.3x 27.4x 27.9x 34.4x 39.8x 28.9x 26.1x 23.6x
EV / FCF 32.2x 33.5x 39.8x 42.6x 53.4x 37.9x 33.7x 30.7x
FCF Yield 3.11% 2.98% 2.51% 2.35% 1.87% 2.64% 2.96% 3.25%
Dividend per Share 2 1.252 0.95 1.15 1.35 1.56 1.748 1.787 1.876
Rate of return 1.42% 0.95% 0.97% 0.8% 0.69% 0.96% 0.99% 1.03%
EPS 2 2.56 2.912 3.248 3.788 4.4 4.887 5.427 6.016
Distribution rate 48.9% 32.6% 35.4% 35.6% 35.5% 35.8% 32.9% 31.2%
Net sales 1 7,116 7,854 8,816 9,597 10,340 11,272 12,139 12,984
EBITDA 1 1,773 1,987 2,212 2,511 2,854 3,112 3,383 3,662
EBIT 1 1,385 1,587 1,803 2,069 2,360 2,590 2,832 3,112
Net income 1 1,111 1,236 1,348 1,572 1,812 1,991 2,185 2,424
Net Debt 1 2,048 2,705 2,362 2,326 2,391 2,202 1,488 853.2
Reference price 2 88.38 99.58 118.04 169.49 226.50 181.37 181.37 181.37
Nbr of stocks (in thousands) 4,20,213 4,09,300 4,06,807 4,05,853 4,03,787 4,00,087 - -
Announcement Date 15/07/21 14/07/22 13/07/23 18/07/24 17/07/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
37.1x6.66x24.03x0.96% 7.26TCr
38.93x4.66x15.22x1.15% 2.1TCr
29.52x1.21x12.3x1.11% 1.51TCr
19.05x2.04x10.1x3.67% 1.38TCr
25.15x2.83x12.14x2.98% 1.19TCr
26.75x3.66x14.11x2.18% 824.37Cr
15.21x0.66x9.47x1.38% 693.35Cr
18.14x0.39x8.88x4.05% 521.73Cr
44.45x1.89x14.32x0.53% 494.68Cr
Average 28.25x 2.67x 13.40x 2% 1.78TCr
Weighted average by Cap. 32.29x 4.43x 17.73x 1.55%

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