Company Valuation: Donaldson Company, Inc.

Data adjusted to current consolidation scope
Fiscal Period: July 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 8,312 6,685 7,618 9,009 8,386 11,233 - -
Change - -19.58% 13.95% 18.26% -6.91% 33.95% - -
Enterprise Value (EV) 1 8,599 7,140 7,618 9,313 8,874 12,326 12,020 11,921
Change - -16.97% 6.69% 22.25% -4.71% 38.9% -2.48% -0.82%
P/E 29.5x 20.5x 21.7x 22.1x 23.6x 24.9x 22.1x 19.9x
PBR 7.28x 5.88x - 6.06x 5.76x 6.08x 5.14x 4.76x
PEG - 1.1x 2.41x 1.3x -2.42x 0.9x 1.8x 1.8x
Capitalization / Revenue 2.91x 2.02x 2.22x 2.51x 2.27x 2.9x 2.7x 2.58x
EV / Revenue 3.01x 2.16x 2.22x 2.6x 2.4x 3.18x 2.89x 2.74x
EV / EBITDA 17.1x 13x 12.7x 14.1x 12.7x 17x 14.8x 14x
EV / EBIT 21.5x 16x 15.2x 16.9x 15.3x 19.8x 17x 15.7x
EV / FCF 25x 42.6x 17.9x 22.8x 25.9x 30.8x 28.2x 26.2x
FCF Yield 4% 2.35% 5.6% 4.38% 3.85% 3.25% 3.55% 3.82%
Dividend per Share 2 0.85 0.89 0.94 1.02 1.11 1.202 1.296 1.36
Rate of return 1.28% 1.64% 1.5% 1.36% 1.54% 1.24% 1.34% 1.4%
EPS 2 2.24 2.66 2.9 3.38 3.05 3.897 4.382 4.87
Distribution rate 37.9% 33.5% 32.4% 30.2% 36.4% 30.8% 29.6% 27.9%
Net sales 1 2,854 3,307 3,431 3,586 3,691 3,875 4,163 4,358
EBITDA 1 504 550.7 602 661.5 701 725.1 813.5 850.7
EBIT 1 399.5 446.9 502 550.5 580.5 622.9 707.4 757.5
Net income 1 286.9 332.8 358.8 414 367 458.4 513.9 563.3
Net Debt 1 286.7 454.7 - 304 487.9 1,093 787 688.5
Reference price 2 66.19 54.41 62.83 74.82 71.97 96.91 96.91 96.91
Nbr of stocks (in thousands) 125,585 122,866 121,242 120,405 116,520 115,911 - -
Announcement Date 9/2/21 8/31/22 8/29/23 8/28/24 8/27/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.87x3.18x17x1.24% 11.23B
123.81x3.54x22.25x - 4.33B
21.63x3.24x15.28x1.57% 4.16B
29.76x - - - 1.38B
37.54x2.6x22.02x0.42% 913M
Average 47.52x 3.14x 19.14x 1.08% 4.4B
Weighted average by Cap. 44.56x 3.24x 17.98x 1.28%

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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