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 69,707 - -
Change - 9.74% 17.81% 43.26% 32.95% -23.78% - -
Enterprise Value (EV) 1 39,189 43,464 50,380 71,115 93,848 71,909 71,195 70,560
Change - 10.91% 15.91% 41.16% 31.97% -23.38% -0.99% -0.89%
P/E 34.5x 34.2x 36.3x 44.8x 51.5x 35.6x 32.1x 28.9x
PBR 9.98x 12.2x 12.4x 15.9x 19.5x 13.8x 12x 10.4x
PEG - 2.5x 3.2x 2.7x 3.2x 3.2x 2.9x 2.6x
Capitalization / Revenue 5.22x 5.19x 5.45x 7.17x 8.84x 6.21x 5.77x 5.38x
EV / Revenue 5.51x 5.53x 5.71x 7.41x 9.08x 6.41x 5.9x 5.45x
EV / EBITDA 22.1x 21.9x 22.8x 28.3x 32.9x 23.1x 21.1x 19.3x
EV / EBIT 28.3x 27.4x 27.9x 34.4x 39.8x 27.8x 25.1x 22.7x
EV / FCF 32.2x 33.5x 39.8x 42.6x 53.4x 36.3x 32.3x 29.2x
FCF Yield 3.11% 2.98% 2.51% 2.35% 1.87% 2.75% 3.09% 3.42%
Dividend per Share 2 1.252 0.95 1.15 1.35 1.56 1.66 1.787 1.876
Rate of return 1.42% 0.95% 0.97% 0.8% 0.69% 0.95% 1.03% 1.08%
EPS 2 2.56 2.912 3.248 3.788 4.4 4.889 5.426 6.02
Distribution rate 48.9% 32.6% 35.4% 35.6% 35.5% 34% 32.9% 31.2%
Net sales 1 7,116 7,854 8,816 9,597 10,340 11,225 12,072 12,950
EBITDA 1 1,773 1,987 2,212 2,511 2,854 3,111 3,380 3,658
EBIT 1 1,385 1,587 1,803 2,069 2,360 2,590 2,831 3,107
Net income 1 1,111 1,236 1,348 1,572 1,812 1,991 2,186 2,422
Net Debt 1 2,048 2,705 2,362 2,326 2,391 2,202 1,488 853.2
Reference price 2 88.38 99.58 118.04 169.49 226.50 174.23 174.23 174.23
Nbr of stocks (in thousands) 420,213 409,300 406,807 405,853 403,787 400,087 - -
Announcement Date 7/15/21 7/14/22 7/13/23 7/18/24 7/17/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
34.79x6.26x22.58x0.98% 68.05B
40.18x4.8x15.67x1.11% 21.69B
29.09x1.2x12.14x1.13% 14.88B
18.76x2.01x9.96x3.73% 13.59B
25.08x2.82x12.11x2.99% 11.82B
26.09x3.58x13.8x2.24% 8.02B
13.99x0.63x8.97x1.5% 6.42B
17.41x0.37x8.55x4.2% 5B
38.61x1.83x13.98x0.55% 4.78B
Average 27.11x 2.61x 13.09x 2.05% 17.14B
Weighted average by Cap. 31.08x 4.23x 16.94x 1.58%

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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