Sunbelt Rentals Holdings Inc (SUNB) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-6.2%

$79.61

vs $84.83 price

Levered DCF

$102.46

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.46

Grey zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022
P/E	24.14×	20.16×	20.05×	25.27×	26.45×
P/B	4.31×	4.19×	4.55×	5.48×	6.58×
P/S	2.86×	2.98×	2.97×	3.41×	4.16×
EV / EBITDA	9.36×	8.5×	8.78×	9.51×	11.34×
Gross margin	38.5%	88.0%	88.9%	88.5%	88.2%
Operating margin	19.6%	23.7%	24.4%	26.1%	24.5%
Net margin	11.9%	14.0%	14.7%	16.7%	15.7%
Current ratio	0.9×	1.29×	1.13×	1.01×	1.07×
Debt / equity	1.37×	1.35×	1.51×	1.5×	1.43×
Interest coverage	5.64×	4.62×	4.94×	6.97×	8.63×
Dividend yield	1.5%	1.7%	1.4%	1.1%	0.8%
Payout ratio	35.0%	36.0%	27.3%	22.1%	21.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022
Return on equity	17.9%	19.7%	22.6%	26.9%	24.9%
Return on invested capital	7.8%	9.5%	10.0%	11.1%	10.4%
Return on assets	6.0%	7.0%	7.4%	8.6%	8.2%
Free cash flow yield	10.7%	5.3%	0.5%	1.5%	3.3%
Earnings yield	4.1%	4.7%	5.0%	4.9%	3.8%
Enterprise value	$42.1B	$42.5B	$42.9B	$41.9B	$40.3B
Net debt / EBITDA	2.25×	2.07×	2.18×	2.03×	2.01×
Cash conversion cycle (days)	44	18	-47	-69	-26