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Cintas

DB:CIT
Snowflake Description

Solid track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CIT
DB
$22B
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. The last earnings update was 15 days ago. More info.


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CIT Share Price and Events
7 Day Returns
1.3%
DB:CIT
1.5%
DE Commercial Services
1.8%
DE Market
1 Year Returns
31%
DB:CIT
-8.1%
DE Commercial Services
-6%
DE Market
CIT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cintas (CIT) 1.3% 2.1% 15.8% 31% 133.9% 340.3%
DE Commercial Services 1.5% 1.7% 10.8% -8.1% 1.3% -41%
DE Market 1.8% 4.2% 7.4% -6% 10.1% 15.4%
1 Year Return vs Industry and Market
  • CIT outperformed the Commercial Services industry which returned -8.1% over the past year.
  • CIT outperformed the Market in Germany which returned -6% over the past year.
Price Volatility
CIT
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Cintas undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Cintas to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Cintas.

DB:CIT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:CIT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 21%) (12.36%))
0.87
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.87 * 5.96%)
5.42%

Discounted Cash Flow Calculation for DB:CIT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cintas is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:CIT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.42%)
2019 791.02 Analyst x7 750.38
2020 953.99 Analyst x7 858.49
2021 1,016.30 Analyst x2 867.57
2022 1,062.02 Est @ 4.5% 860.03
2023 1,096.19 Est @ 3.22% 842.09
2024 1,121.63 Est @ 2.32% 817.37
2025 1,140.62 Est @ 1.69% 788.50
2026 1,154.92 Est @ 1.25% 757.37
2027 1,165.84 Est @ 0.95% 725.25
2028 1,174.36 Est @ 0.73% 693.02
Present value of next 10 years cash flows $7,960.07
DB:CIT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,174.36 × (1 + 0.23%) ÷ (5.42% – 0.23%)
$22,688.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $22,688.80 ÷ (1 + 5.42%)10
$13,389.28
DB:CIT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $7,960.07 + $13,389.28
$21,349.35
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $21,349.35 / 104.57
$204.16
DB:CIT Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:CIT represents 0.86344x of NasdaqGS:CTAS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.86344x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 204.16 x 0.86344
€176.28
Value per share (EUR) From above. €176.28
Current discount Discount to share price of €184.50
= -1 x (€184.50 - €176.28) / €176.28
-4.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Cintas is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Cintas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cintas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CIT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-02-28) in USD $7.84
NasdaqGS:CTAS Share Price ** NasdaqGS (2019-04-18) in USD $213.68
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 16.52x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Cintas.

DB:CIT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CTAS Share Price ÷ EPS (both in USD)

= 213.68 ÷ 7.84

27.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cintas is overvalued based on earnings compared to the Europe Commercial Services industry average.
  • Cintas is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Cintas's expected growth come at a high price?
Raw Data
DB:CIT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
6.7%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 54 Publicly-Listed Commercial Services Companies 1.35x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

DB:CIT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 27.25x ÷ 6.7%

4.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cintas is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Cintas's assets?
Raw Data
DB:CIT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-02-28) in USD $30.30
NasdaqGS:CTAS Share Price * NasdaqGS (2019-04-18) in USD $213.68
Germany Commercial Services Industry PB Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 2.03x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.84x
DB:CIT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CTAS Share Price ÷ Book Value per Share (both in USD)

= 213.68 ÷ 30.30

7.05x

* Primary Listing of Cintas.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cintas is overvalued based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess Cintas's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Cintas has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Cintas expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cintas expected to grow at an attractive rate?
  • Cintas's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Cintas's earnings growth is positive but not above the Germany market average.
  • Cintas's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CIT Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CIT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 6.7%
DB:CIT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 5.9%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 31.2%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:CIT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CIT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-05-31 7,730 1,282 997 5
2020-05-31 7,290 1,264 902 15
2019-05-31 6,877 1,069 856 15
DB:CIT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-02-28 6,768 974 836
2018-11-30 6,675 930 928
2018-08-31 6,563 873 824
2018-05-31 6,477 964 772
2018-02-28 6,337 941 665
2017-11-30 6,004 841 489
2017-08-31 5,668 861 474
2017-05-31 5,323 764 449
2017-02-28 4,955 652 476
2016-11-30 4,916 503 477
2016-08-31 4,864 480 470
2016-05-31 4,796 466 441

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cintas's earnings are expected to grow by 6.7% yearly, however this is not considered high growth (20% yearly).
  • Cintas's revenue is expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:CIT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Cintas Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CIT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-05-31 9.20 9.20 9.20 1.00
2020-05-31 8.32 8.60 8.13 9.00
2019-05-31 7.80 7.89 7.34 9.00
DB:CIT Past Financials Data
Date (Data in USD Millions) EPS *
2019-02-28 7.84
2018-11-30 8.68
2018-08-31 7.71
2018-05-31 7.24
2018-02-28 6.28
2017-11-30 4.63
2017-08-31 4.50
2017-05-31 4.28
2017-02-28 4.52
2016-11-30 4.50
2016-08-31 4.41
2016-05-31 4.08

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Cintas is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Cintas's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Cintas has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Cintas performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Cintas's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Cintas's year on year earnings growth rate has been positive over the past 5 years.
  • Cintas's 1-year earnings growth exceeds its 5-year average (25.6% vs 18.7%)
  • Cintas's earnings growth has exceeded the Europe Commercial Services industry average in the past year (25.6% vs 15.7%).
Earnings and Revenue History
Cintas's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Cintas Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CIT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-02-28 6,768.12 835.54 1,904.21
2018-11-30 6,674.93 927.82 1,918.73
2018-08-31 6,563.10 823.82 1,895.14
2018-05-31 6,476.63 772.14 1,876.79
2018-02-28 6,337.37 665.44 1,882.66
2017-11-30 6,003.60 489.28 1,750.63
2017-08-31 5,668.23 473.68 1,643.96
2017-05-31 5,323.38 449.12 1,527.38
2017-02-28 4,954.81 475.81 1,424.76
2016-11-30 4,915.53 476.84 1,397.83
2016-08-31 4,863.53 470.37 1,363.47
2016-05-31 4,795.77 441.47 1,332.40
2016-02-29 4,776.64 432.78 1,306.29
2015-11-30 4,669.40 416.97 1,276.32
2015-08-31 4,573.70 405.76 1,249.11
2015-05-31 4,369.68 398.78 1,209.28
2015-02-28 4,468.72 433.14 1,244.00
2014-11-30 4,470.84 417.13 1,260.18
2014-08-31 4,471.40 399.21 1,275.21
2014-05-31 4,193.84 334.69 1,147.04
2014-02-28 4,464.24 330.97 1,262.57
2013-11-30 4,428.94 321.45 1,253.61
2013-08-31 4,365.39 314.12 1,231.76
2013-05-31 4,245.96 314.04 1,187.33
2013-02-28 4,240.97 305.37 1,211.55
2012-11-30 4,177.41 306.69 1,191.00
2012-08-31 4,136.15 303.09 1,195.10
2012-05-31 4,102.00 295.76 1,198.98

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Cintas has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Cintas used its assets more efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • Cintas's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Cintas's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Cintas has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Cintas's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Cintas's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cintas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cintas's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Cintas's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Cintas Company Filings, last reported 1 month ago.

DB:CIT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-02-28 3,179.49 2,762.92 80.86
2018-11-30 3,027.24 2,709.91 88.48
2018-08-31 3,345.97 2,540.03 118.36
2018-05-31 3,016.53 2,535.31 138.72
2018-02-28 2,894.00 2,722.26 186.26
2017-11-30 2,553.03 2,834.22 258.73
2017-08-31 2,565.88 2,841.12 213.04
2017-05-31 2,302.79 3,133.52 191.49
2017-02-28 2,178.26 1,144.54 147.24
2016-11-30 2,025.71 1,110.83 143.57
2016-08-31 1,987.40 1,247.26 163.77
2016-05-31 1,842.66 1,314.05 209.76
2016-02-29 1,950.11 1,322.44 386.82
2015-11-30 1,924.53 1,300.00 672.61
2015-08-31 1,848.67 1,300.00 200.21
2015-05-31 1,932.46 1,300.00 433.15
2015-02-28 2,047.67 1,300.00 403.19
2014-11-30 2,203.33 1,300.00 826.72
2014-08-31 2,271.97 1,300.00 581.45
2014-05-31 2,192.86 1,300.98 513.29
2014-02-28 2,244.03 1,301.16 353.70
2013-11-30 2,147.97 1,301.33 313.49
2013-08-31 2,196.01 1,309.00 282.86
2013-05-31 2,201.49 1,309.17 357.95
2013-02-28 2,130.25 1,309.33 245.69
2012-11-30 2,080.64 1,309.49 276.35
2012-08-31 2,154.42 1,309.65 330.17
2012-05-31 2,139.14 1,284.80 339.83
  • Cintas's level of debt (86.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (58% vs 86.9% today).
  • Debt is well covered by operating cash flow (35.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.6x coverage).
X
Financial health checks
We assess Cintas's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Cintas has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Cintas's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.96%
Current annual income from Cintas dividends. Estimated to be 1.04% next year.
If you bought €2,000 of Cintas shares you are expected to receive €19 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Cintas's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Cintas's dividend is below the markets top 25% of dividend payers in Germany (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:CIT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:CIT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-05-31 2.67 3.00
2020-05-31 2.32 9.00
2019-05-31 2.04 11.00
DB:CIT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-05 2.050 0.987
2019-03-21 2.050 1.012
2018-10-30 2.050 1.111
2018-07-27 1.620 0.805
2018-07-19 1.620 0.792
2018-04-06 1.620 0.888
2018-03-22 1.620 0.960
2017-10-17 1.620 1.019
2017-07-31 1.330 0.966
2017-07-20 1.330 0.982
2017-04-07 1.330 1.067
2017-03-22 1.330 1.063
2016-10-18 1.330 1.158
2016-07-29 1.050 0.936
2016-07-19 1.050 0.986
2016-04-08 1.050 1.126
2016-03-22 1.050 1.180
2016-01-08 1.050 1.232
2015-12-21 1.050 1.170
2015-07-30 0.850 0.958
2015-07-16 0.850 0.995
2015-04-02 0.850 1.010
2015-03-18 0.850 1.026
2014-10-21 0.850 1.106
2014-07-30 0.770 1.157
2014-07-15 0.770 1.208
2014-04-09 0.770 1.262
2014-03-19 0.770 1.303
2013-10-22 0.770 1.350
2013-07-30 0.640 1.286
2013-07-15 0.640 1.349
2013-04-09 0.640 1.409
2013-03-19 0.640 1.457
2012-10-16 0.640 1.513
2012-07-30 0.540 1.312
2012-07-16 0.540 1.411
2012-04-09 0.540 1.422
2012-03-20 0.540 1.373
2011-10-18 0.540 1.600
2011-07-29 0.490 1.649
2011-07-19 0.490 1.478
2011-04-08 0.490 1.550
2011-03-22 0.490 1.636
2010-10-26 0.490 1.740
2010-07-30 0.480 1.778
2010-07-22 0.480 1.830
2010-01-26 0.480 1.844
2009-07-30 0.470 1.681
2009-07-16 0.470 1.973
2009-04-21 0.470 1.975

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Cintas's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.5x coverage).
X
Income/ dividend checks
We assess Cintas's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Cintas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cintas has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Cintas's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Scott Farmer
COMPENSATION $9,778,369
AGE 59
TENURE AS CEO 15.8 years
CEO Bio

Mr. Scott D. Farmer has been the Chief Executive Officer at Cintas Corporation since July 10, 2003. Mr. Farmer has been Chief Executive Officer of G&K Services, Inc. since March 21, 2017. He served as Rental Division Group Vice President of Cintas Corp. and also served as its Vice President of National Account Division and Marketing & Merchandising at Cintas Corp. He served as Chief Operating Officer of Cintas Corp. since July 1997 and also served as its President from July 1997 to January 15, 2008. Mr. Farmer joined Cintas Corp. in 1981 and served in various management positions including President of Cintas Sales Corporation. He served in many line and staff positions including production management and sales and service management at various Cintas locations. He served at corporate headquarters to initiate a corporate-wide quality program. He has been Chairman of the Board at Cintas Corporation since September 30, 2016 and has been its Director since 1994. He has been Director of G&K Services, Inc. since March 21, 2017. Mr. Farmer is a Graduate of Miami University in Oxford, Ohio.

CEO Compensation
  • Scott's compensation has been consistent with company performance over the past year.
  • Scott's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Cintas management team in years:

3.3
Average Tenure
51
Average Age
  • The tenure for the Cintas management team is about average.
Management Team

Scott Farmer

TITLE
Chairman & CEO
COMPENSATION
$10M
AGE
59
TENURE
15.8 yrs

Mike Hansen

TITLE
CFO & Executive VP
COMPENSATION
$3M
AGE
50
TENURE
4.2 yrs

Thomas Frooman

TITLE
Senior VP
COMPENSATION
$3M
AGE
51
TENURE
17.3 yrs

Paul Adler

TITLE
VP & Treasurer
COMPENSATION
$719K
AGE
47
TENURE
3.8 yrs

Richard Farmer

TITLE
Founder & Chairman Emeritus
COMPENSATION
$350K
AGE
83

Todd Schneider

TITLE
COO & Executive VP
AGE
50
TENURE
0.8 yrs

Michael Thompson

TITLE
Executive VP & Chief Administrative Officer
COMPENSATION
$472K
AGE
52
TENURE
0.8 yrs

Michelle Goret

TITLE
Vice President of Corporate Communications

Bob Mitchell

TITLE
Chief Marketing Officer
TENURE
2.8 yrs

Paul Jantsch

TITLE
Senior Vice President of Corporate Development & Business Strategy
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure and age of the Cintas board of directors in years:

7.5
Average Tenure
65
Average Age
  • The tenure for the Cintas board of directors is about average.
Board of Directors

Scott Farmer

TITLE
Chairman & CEO
COMPENSATION
$10M
AGE
59
TENURE
2.6 yrs

Richard Farmer

TITLE
Founder & Chairman Emeritus
COMPENSATION
$350K
AGE
83

Gerald Adolph

TITLE
Director
COMPENSATION
$211K
AGE
64
TENURE
12.8 yrs

Ron Tysoe

TITLE
Director
COMPENSATION
$221K
AGE
65
TENURE
11.3 yrs

Joe Scaminace

TITLE
Lead Director
COMPENSATION
$218K
AGE
65

Jim Johnson

TITLE
Director
COMPENSATION
$208K
AGE
71
TENURE
10.1 yrs

Melanie Barstad

TITLE
Director
COMPENSATION
$202K
AGE
65
TENURE
7.5 yrs

John Barrett

TITLE
Director
COMPENSATION
$208K
AGE
69
TENURE
7.3 yrs

Bob Coletti

TITLE
Director
COMPENSATION
$195K
AGE
61
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • Cintas insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
04. Apr 19 Sell Thomas Frooman Individual 03. Apr 19 03. Apr 19 -2,415 €184.97 €-446,707
15. Feb 19 Sell Thomas Frooman Individual 14. Feb 19 14. Feb 19 -1,740 €178.96 €-311,396
14. Feb 19 Sell Ronald Tysoe Individual 13. Feb 19 13. Feb 19 -3,000 €178.61 €-535,838
12. Feb 19 Sell Michael Thompson Individual 12. Feb 19 12. Feb 19 -1,000 €177.27 €-177,270
01. May 18 Sell J. Holloman Individual 30. Apr 18 30. Apr 18 -7,523 €141.84 €-1,067,044
X
Management checks
We assess Cintas's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Cintas has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services, as well as sells uniforms directly. It also offers first aid and safety services, and fire protection products and services. The company offers its products and services through its distribution network and local delivery routes, or local representatives to small service and manufacturing companies, as well as major corporations. Cintas Corporation was founded in 1968 and is based in Cincinnati, Ohio.

Details
Name: Cintas Corporation
CIT
Exchange: DB
Founded: 1968
$19,868,909,593
104,570,866
Website: http://www.cintas.com
Address: Cintas Corporation
6800 Cintas Boulevard,
PO Box 625737,
Cincinnati,
Ohio, 45262,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CTAS Common Stock Nasdaq Global Select US USD 19. Aug 1983
DB CIT Common Stock Deutsche Boerse AG DE EUR 19. Aug 1983
WBAG CTAS Common Stock Wiener Boerse AG AT EUR 19. Aug 1983
Number of employees
Current staff
Staff numbers
41,000
Cintas employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 20:48
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/04/05
Last earnings reported: 2019/02/28
Last annual earnings reported: 2018/05/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.