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 63,943 - -
Change - 9.51% -0.62% 40.83% 47.34% -9.25% - -
Enterprise Value (EV) 1 32,173 39,450 38,475 52,617 74,404 67,554 66,013 62,956
Change - 22.62% -2.47% 36.76% 41.41% -9.21% -2.28% -4.63%
P/E 14.9x 16x 46.5x 12.3x 24.9x 16.8x 13.9x 12.2x
PBR 3.67x 3.81x 3.86x 4.72x 5.73x 4.5x 3.85x 3.21x
PEG - 4.58x -0.7x 0x -0.9x 0.5x 0.7x 0.9x
Capitalization / Revenue 1.3x 1.22x 1x 1.4x 2.09x 1.72x 1.57x 1.45x
EV / Revenue 1.34x 1.41x 1.13x 1.54x 2.21x 1.82x 1.62x 1.43x
EV / EBITDA 9.14x 10.4x 7.41x 9.8x 12.7x 10.1x 8.59x 7.48x
EV / EBIT 11.9x 13.5x 9.77x 14x 16.6x 12.4x 10.5x 9.1x
EV / FCF 21.1x 37.7x 14x 189x 31.2x 21.9x 18.4x 14.1x
FCF Yield 4.73% 2.65% 7.16% 0.53% 3.21% 4.56% 5.43% 7.08%
Dividend per Share 2 5.6 6.04 6.5 7 7.64 8.426 9.049 9.645
Rate of return 2.57% 2.49% 2.71% 2.01% 1.5% 1.81% 1.94% 2.07%
EPS 2 14.61 15.12 5.15 28.37 20.5 27.81 33.51 38.11
Distribution rate 38.3% 39.9% 126% 24.7% 37.3% 30.3% 27% 25.3%
Net sales 1 24,021 28,074 34,065 34,102 33,670 37,168 40,741 44,160
EBITDA 1 3,521 3,799 5,195 5,369 5,843 6,703 7,686 8,420
EBIT 1 2,706 2,929 3,939 3,750 4,483 5,439 6,267 6,922
Net income 1 2,131 2,151 735 3,946 2,843 3,847 4,596 5,169
Net Debt 1 972 5,282 4,517 4,795 3,943 3,611 2,070 -987.2
Reference price 2 218.14 242.29 239.57 348.60 510.45 466.47 466.47 466.47
Nbr of stocks (in thousands) 143,032 141,022 141,745 137,182 138,036 137,078 - -
Announcement Date 2/3/22 A 2/6/23 A 2/6/24 A 2/4/25 A 2/5/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.03x1.76x9.74x1.87% 63.94B
12.14x0.57x5.07x3.93% 30.63B
11.02x0.45x3.19x5.57% 24.5B
8.13x0.45x5.76x1.99% 21.83B
16.59x2.82x9.98x3.67% 21.19B
29.5x1.17x12.44x0.62% 18.2B
20.57x0.86x10.48x3.46% 17.32B
10.12x0.47x4.68x3.19% 16.11B
49.75x5.78x42.46x0.72% 15.58B
12.4x1.33x6.71x3.86% 16.25B
Average 18.62x 1.56x 11.05x 2.89% 25B
Weighted average by Cap. 17.22x 1.49x 9.97x 2.83%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Cummins Inc.

Historical PBR trend

Valuation ratios - PBR - Cummins Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Cummins Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Cummins Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Cummins Inc.
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