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 84,423 - -
Change - 9.74% 17.81% 43.26% 32.95% -7.69% - -
Enterprise Value (EV) 1 39,189 43,464 50,380 71,115 93,848 70,658 85,533 85,037
Change - 10.91% 15.91% 41.16% 31.97% -24.71% -1.22% -0.58%
P/E 34.5x 34.2x 36.3x 44.8x 51.5x 34.9x 38.5x 34.7x
PBR 9.98x 12.2x 12.4x 15.9x 19.5x 13.5x 13x 11.3x
PEG - 2.5x 3.2x 2.7x 3.2x 3x 3.2x 3.2x
Capitalization / Revenue 5.22x 5.19x 5.45x 7.17x 8.84x 6.08x 6.92x 6.45x
EV / Revenue 5.51x 5.53x 5.71x 7.41x 9.08x 6.27x 7.01x 6.5x
EV / EBITDA 22.1x 21.9x 22.8x 28.3x 32.9x 22.7x 24.9x 22.9x
EV / EBIT 28.3x 27.4x 27.9x 34.4x 39.8x 27.1x 29.7x 26.9x
EV / FCF 32.2x 33.5x 39.8x 42.6x 53.4x 37.6x 38.7x 34.5x
FCF Yield 3.11% 2.98% 2.51% 2.35% 1.87% 2.66% 2.58% 2.9%
Dividend per Share 2 1.252 0.95 1.15 1.35 1.56 1.748 1.892 2.013
Rate of return 1.42% 0.95% 0.97% 0.8% 0.69% 0.83% 0.9% 0.95%
EPS 2 2.56 2.912 3.248 3.788 4.4 4.91 5.486 6.088
Distribution rate 48.9% 32.6% 35.4% 35.6% 35.5% 35.8% 34.5% 33.1%
Net sales 1 7,116 7,854 8,816 9,597 10,340 11,265 12,195 13,091
EBITDA 1 1,773 1,987 2,212 2,511 2,854 3,119 3,429 3,721
EBIT 1 1,385 1,587 1,803 2,069 2,360 2,607 2,876 3,158
Net income 1 1,111 1,236 1,348 1,572 1,812 2,000 2,216 2,454
Net Debt 1 2,048 2,705 2,362 2,326 2,391 2,139 1,110 614
Reference price 2 88.38 99.58 118.04 169.49 226.50 210.98 210.98 210.98
Nbr of stocks (in thousands) 420,213 409,300 406,807 405,853 403,787 400,147 - -
Announcement Date 7/15/21 A 7/14/22 A 7/13/23 A 7/18/24 A 7/17/25 A 7/15/26 A - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
43.16x7.71x27.84x0.83% 84.42B
41.08x4.79x15.62x1.11% 21.68B
31.1x1.29x12.94x1.04% 15.97B
18.97x2.04x10.1x3.69% 13.66B
25.21x2.84x12.17x2.97% 11.92B
24.05x3.35x12.91x2.41% 7.55B
15.26x0.67x9.52x1.37% 6.95B
9.07x1.04x5.49x2.33% 5.45B
45.25x2.05x15.95x0.45% 5.38B
18.82x0.4x9.29x3.96% 5.28B
Average 27.20x 2.62x 13.18x 2.02% 17.83B
Weighted average by Cap. 35.17x 4.97x 19.68x 1.46%

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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