Company Valuation: Cummins Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 31,201 34,168 33,958 47,822 70,461 86,902 - -
Change - 9.51% -0.62% 40.83% 47.34% 23.33% - -
Enterprise Value (EV) 1 32,173 39,450 38,475 52,617 74,404 90,256 89,115 85,337
Change - 22.62% -2.47% 36.76% 41.41% 21.31% -1.26% -4.24%
P/E 14.9x 16x 46.5x 12.3x 24.9x 21.9x 18.6x 16.3x
PBR 3.67x 3.81x 3.86x 4.72x 5.73x 6.04x 5.14x 4.28x
PEG - 4.58x -0.7x 0x -0.9x 0.5x 1.1x 1.1x
Capitalization / Revenue 1.3x 1.22x 1x 1.4x 2.09x 2.3x 2.12x 1.96x
EV / Revenue 1.34x 1.41x 1.13x 1.54x 2.21x 2.39x 2.18x 1.93x
EV / EBITDA 9.14x 10.4x 7.41x 9.8x 12.7x 13.1x 11.5x 9.87x
EV / EBIT 11.9x 13.5x 9.77x 14x 16.6x 15.9x 13.7x 11.7x
EV / FCF 21.1x 37.7x 14x 189x 31.2x 29.7x 23.1x 18.6x
FCF Yield 4.73% 2.65% 7.16% 0.53% 3.21% 3.36% 4.32% 5.37%
Dividend per Share 2 5.6 6.04 6.5 7 7.64 8.402 8.955 9.602
Rate of return 2.57% 2.49% 2.71% 2.01% 1.5% 1.33% 1.42% 1.52%
EPS 2 14.61 15.12 5.15 28.37 20.5 28.87 33.94 38.8
Distribution rate 38.3% 39.9% 126% 24.7% 37.3% 29.1% 26.4% 24.7%
Net sales 1 24,021 28,074 34,065 34,102 33,670 37,779 40,954 44,280
EBITDA 1 3,521 3,799 5,195 5,369 5,843 6,881 7,760 8,649
EBIT 1 2,706 2,929 3,939 3,750 4,483 5,679 6,515 7,308
Net income 1 2,131 2,151 735 3,946 2,843 3,996 4,659 5,266
Net Debt 1 972 5,282 4,517 4,795 3,943 3,353 2,213 -1,565
Reference price 2 218.14 242.29 239.57 348.60 510.45 631.26 631.26 631.26
Nbr of stocks (in thousands) 143,032 141,022 141,745 137,182 138,036 137,664 - -
Announcement Date 2/3/22 2/6/23 2/6/24 2/4/25 2/5/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.86x2.39x13.12x1.33% 86.9B
57.1x10.32x51.68x1.19% 15.67B
29.25x2.8x17.1x-.--% 11.13B
15.2x1.7x9.2x1.1% 5.41B
18.08x2.39x11.78x0.43% 4.16B
55.69x - - 1.03% 3.63B
37.19x - - - 2.98B
21.2x - - 2.17% 2.73B
15.17x0.31x4x1.61% 1.99B
13.34x0.18x2.05x2.27% 1.7B
Average 28.41x 2.87x 15.56x 1.24% 13.63B
Weighted average by Cap. 27.15x 3.31x 17.72x 1.19%

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

  1. Stock Market
  2. Stocks
  3. CMI Stock
  4. Valuation Cummins Inc.