Company Valuation: Trane Technologies plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 47,990 38,712 55,501 83,113 86,301 102,071 - -
Change - -19.33% 43.37% 49.75% 3.84% 18.27% - -
Enterprise Value (EV) 1 50,673 42,328 59,186 86,293 89,153 104,684 103,317 100,441
Change - -16.47% 39.83% 45.8% 3.31% 17.42% -1.31% -2.78%
P/E 33.9x 22.2x 27.4x 32.5x 30x 30.7x 26.3x 22.9x
PBR 7.8x 6.48x 8.02x 11.3x 10.2x 10.8x 9.1x 7.56x
PEG - 0.8x 1.6x 1.2x 2.1x 1.9x 1.6x 1.5x
Capitalization / Revenue 3.39x 2.42x 3.14x 4.19x 4.05x 4.3x 3.92x 3.61x
EV / Revenue 3.58x 2.65x 3.35x 4.35x 4.18x 4.41x 3.97x 3.55x
EV / EBITDA 21.4x 15.7x 18.6x 22.4x 20.8x 21.6x 18.7x 16.3x
EV / EBIT 24.5x 17.8x 20.5x 24.7x 22.6x 23.5x 20.3x 17.4x
EV / FCF 37.1x 34.9x 28.3x 31.1x 31.7x 30.8x 27.1x 23.1x
FCF Yield 2.69% 2.86% 3.53% 3.22% 3.15% 3.24% 3.69% 4.32%
Dividend per Share 2 2.36 2.68 3 3.36 3.76 4.083 4.448 4.767
Rate of return 1.17% 1.59% 1.23% 0.91% 0.97% 0.88% 0.96% 1.03%
EPS 2 5.96 7.57 8.89 11.35 12.98 15.12 17.61 20.23
Distribution rate 39.6% 35.4% 33.7% 29.6% 29% 27% 25.3% 23.6%
Net sales 1 14,136 15,992 17,678 19,838 21,322 23,741 26,008 28,306
EBITDA 1 2,364 2,694 3,184 3,846 4,276 4,845 5,516 6,170
EBIT 1 2,069 2,379 2,888 3,487 3,945 4,464 5,084 5,775
Net income 1 1,444 1,756 2,024 2,568 2,919 3,372 3,862 4,412
Net Debt 1 2,683 3,616 3,684 3,180 2,852 2,613 1,246 -1,630
Reference price 2 202.03 168.09 243.90 369.35 389.20 463.91 463.91 463.91
Nbr of stocks (in thousands) 237,540 230,307 227,557 225,024 221,739 220,023 - -
Announcement Date 1/31/22 A 2/2/23 A 2/1/24 A 1/30/25 A 1/29/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.49x3.02x16.47x2.03% 239B
14.05x1.73x7.84x3.64% 203B
31.8x4.07x18.77x1.53% 192B
38.81x5.73x24.05x1.01% 169B
46x6.17x27.61x1.08% 154B
30.69x4.41x21.61x0.88% 102B
93.76x11.62x66.36x0.33% 96.97B
41.74x6.86x27.54x0.1% 97.09B
32.65x4.05x21.73x1.03% 94.64B
Average 39.44x 5.30x 25.77x 1.29% 149.75B
Weighted average by Cap. 35.65x 4.75x 22.86x 1.55%

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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