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 71,817 - -
Change - 2.4% 57.78% 18.94% 11.4% 39.46% - -
Enterprise Value (EV) 1 33,597 35,898 50,022 59,176 65,267 86,212 86,133 85,922
Change - 6.85% 39.35% 18.3% 10.29% 32.09% -0.09% -0.24%
P/E 17.5x 12x 16.3x 18.2x 21x 25.1x 21.4x 18.8x
PBR 6.33x 3.56x 4.83x 5.42x 5.69x 7.26x 6.41x 5.52x
PEG - 0.2x 0.9x 1.88x -101.56x 1.3x 1.2x 1.4x
Capitalization / Revenue 2.48x 2.12x 2.71x 3.01x 3.2x 4.05x 3.72x 3.42x
EV / Revenue 3.46x 3.08x 3.49x 3.86x 4.05x 4.86x 4.47x 4.1x
EV / EBITDA 7.61x 6.39x 7.3x 8.26x 8.91x 10.7x 9.82x 8.97x
EV / EBIT 14.8x 11.1x 13.1x 14.6x 16.4x 19x 16.9x 15.3x
EV / FCF 22.6x 20.7x 21.7x 74.6x 29.9x 38.8x 37.2x 28x
FCF Yield 4.43% 4.82% 4.61% 1.34% 3.34% 2.58% 2.69% 3.58%
Dividend per Share 2 - - 5.92 6.52 7.16 7.783 8.576 9.14
Rate of return - - 1.03% 0.93% 0.88% 0.67% 0.74% 0.79%
EPS 2 19.04 29.65 35.28 38.69 38.61 45.93 53.95 61.21
Distribution rate - - 16.8% 16.9% 18.5% 16.9% 15.9% 14.9%
Net sales 1 9,716 11,642 14,332 15,345 16,099 17,740 19,284 20,969
EBITDA 1 4,414 5,618 6,857 7,160 7,328 8,056 8,772 9,578
EBIT 1 2,277 3,232 3,827 4,065 3,973 4,528 5,094 5,626
Net income 1 1,386 2,105 2,424 2,575 2,494 2,870 3,276 3,664
Net Debt 1 9,541 11,264 11,155 12,949 13,770 14,395 14,315 14,105
Reference price 2 332.29 355.42 573.42 704.44 809.32 1,153.83 1,153.83 1,153.83
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.12x4.86x10.7x0.67% 7.18TCr
21.73x3.66x8.6x1.39% 3.47TCr
35.94x2.86x6.82x1.65% 580.07Cr
58.52x1.63x4.5x-.--% 522.71Cr
19.06x - - 1.62% 298.68Cr
13.59x - - - 120.37Cr
14.45x0.65x2.56x2% 111.56Cr
10.58x0.73x2.92x2.96% 79Cr
Average 24.87x 2.40x 6.02x 1.47% 1.55TCr
Weighted average by Cap. 25.64x 4.21x 9.50x 0.94%

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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