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 67,651 - -
Change - 9.74% 17.81% 43.26% 32.95% -26.03% - -
Enterprise Value (EV) 1 39,189 43,464 50,380 71,115 93,848 69,853 69,138 68,504
Change - 10.91% 15.91% 41.16% 31.97% -25.57% -1.02% -0.92%
P/E 34.5x 34.2x 36.3x 44.8x 51.5x 34.6x 31.2x 28.1x
PBR 9.98x 12.2x 12.4x 15.9x 19.5x 13.4x 11.6x 10.1x
PEG - 2.5x 3.2x 2.7x 3.2x 3.1x 2.8x 2.6x
Capitalization / Revenue 5.22x 5.19x 5.45x 7.17x 8.84x 6.03x 5.6x 5.21x
EV / Revenue 5.51x 5.53x 5.71x 7.41x 9.08x 6.22x 5.72x 5.28x
EV / EBITDA 22.1x 21.9x 22.8x 28.3x 32.9x 22.4x 20.4x 18.7x
EV / EBIT 28.3x 27.4x 27.9x 34.4x 39.8x 27x 24.4x 22x
EV / FCF 32.2x 33.5x 39.8x 42.6x 53.4x 35.4x 31.5x 28.7x
FCF Yield 3.11% 2.98% 2.51% 2.35% 1.87% 2.83% 3.17% 3.49%
Dividend per Share 2 1.252 0.95 1.15 1.35 1.56 1.69 1.787 1.876
Rate of return 1.42% 0.95% 0.97% 0.8% 0.69% 1% 1.06% 1.11%
EPS 2 2.56 2.912 3.248 3.788 4.4 4.889 5.428 6.018
Distribution rate 48.9% 32.6% 35.4% 35.6% 35.5% 34.6% 32.9% 31.2%
Net sales 1 7,116 7,854 8,816 9,597 10,340 11,225 12,081 12,978
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 2,834 3,115
Net income 1 1,111 1,236 1,348 1,572 1,812 1,992 2,187 2,425
Net Debt 1 2,048 2,705 2,362 2,326 2,391 2,202 1,488 853.2
Reference price 2 88.38 99.58 118.04 169.49 226.50 169.09 169.09 169.09
Nbr of stocks (in thousands) 420,213 409,300 406,807 405,853 403,787 400,087 - -
Announcement Date 15/7/21 14/7/22 13/7/23 18/7/24 17/7/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.59x6.22x22.45x1% 67.65B
40.05x4.76x15.53x1.12% 21.52B
28.71x1.19x12x1.14% 14.69B
18.15x1.96x9.7x3.84% 13.12B
25.02x2.82x12.09x2.99% 11.74B
25.68x3.53x13.61x2.27% 7.89B
14.15x0.63x9.04x1.48% 6.48B
17.38x0.37x8.54x4.21% 4.99B
7.8x0.9x4.75x2.71% 4.69B
Average 23.50x 2.49x 11.97x 2.31% 16.97B
Weighted average by Cap. 29.93x 4.17x 16.56x 1.67%

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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