Company Valuation: Donaldson Company, Inc.

Data adjusted to current consolidation scope
Fiscal Period: July 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 6,685 7,618 9,009 8,386 10,923 10,338 - -
Change - 13.95% 18.26% -6.91% 30.26% -5.36% - -
Enterprise Value (EV) 1 7,140 7,618 9,313 8,874 11,998 11,395 11,311 11,262
Change - 6.69% 22.25% -4.71% 35.2% -5.03% -0.74% -0.43%
P/E 20.5x 21.7x 22.1x 23.6x 24.5x 20.7x 18.3x 16.4x
PBR 5.88x - 6.06x 5.76x 6.3x 5x 4.68x -
PEG - 2.41x 1.3x -2.42x 0.9x 1.7x 1.4x 1.4x
Capitalization / Revenue 2.02x 2.22x 2.51x 2.27x 2.81x 2.47x 2.35x 2.24x
EV / Revenue 2.16x 2.22x 2.6x 2.4x 3.09x 2.72x 2.57x 2.44x
EV / EBITDA 13x 12.7x 14.1x 12.7x 16x 13.6x 12.6x 11.7x
EV / EBIT 16x 15.2x 16.9x 15.3x 19.3x 16.1x 14.7x 13.6x
EV / FCF 42.6x 17.9x 22.8x 25.9x 28.1x 23.1x 23.2x 22.5x
FCF Yield 2.35% 5.6% 4.38% 3.85% 3.55% 4.32% 4.32% 4.45%
Dividend per Share 2 0.89 0.94 1.02 1.11 1.22 1.292 1.396 1.41
Rate of return 1.64% 1.5% 1.36% 1.54% 1.29% 1.45% 1.57% 1.58%
EPS 2 2.66 2.9 3.38 3.05 3.85 4.308 4.873 5.443
Distribution rate 33.5% 32.4% 30.2% 36.4% 31.7% 30% 28.6% 25.9%
Net sales 1 3,307 3,431 3,586 3,691 3,886 4,191 4,396 4,620
EBITDA 1 550.7 602 661.5 701 748.8 837 901.1 962.4
EBIT 1 446.9 502 550.5 580.5 621 706.8 768.1 828.1
Net income 1 332.8 358.8 414 367 453.8 501.8 558.6 610.5
Net Debt 1 454.7 - 304 487.9 1,074 1,057 972.5 924
Reference price 2 54.41 62.83 74.82 71.97 94.24 89.19 89.19 89.19
Nbr of stocks (in thousands) 122,866 121,242 120,405 116,520 115,911 115,910 - -
Announcement Date 8/31/22 8/29/23 8/28/24 8/27/25 8/26/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.58x2.7x13.54x1.46% 10.28B
25.37x3.95x12.71x1.82% 81.72B
28.91x4.51x14.04x1.22% 64.17B
33.19x4.75x14.29x0.91% 38.77B
23.1x4.05x15.85x0.52% 23.08B
32.43x2.89x13.51x-.--% 16.81B
-63.65x3.99x12.98x0.13% 15.15B
20.41x - - 0.69% 8.48B
13.27x0.73x4.64x5.12% 5.54B
Average 14.85x 3.45x 12.69x 1.32% 29.33B
Weighted average by Cap. 21.92x 4.03x 13.50x 1.23%

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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