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CTAS

Cintas NasdaqGS:CTAS Stock Report

Last Price

US$388.19

Market Cap

US$39.4b

7D

-0.4%

1Y

0.2%

Updated

02 Oct, 2022

Data

Company Financials +
CTAS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance3/6
Financial Health4/6
Dividends4/6

CTAS Stock Overview

Cintas Corporation provides corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America.

Cintas Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Cintas
Historical stock prices
Current Share PriceUS$388.19
52 Week HighUS$461.44
52 Week LowUS$343.86
Beta1.43
1 Month Change-4.34%
3 Month Change3.05%
1 Year Change0.22%
3 Year Change47.68%
5 Year Change160.39%
Change since IPO7,751.03%

Recent News & Updates

Sep 27

Cintas Q1 2023 Earnings Preview

Cintas (NASDAQ:CTAS) is scheduled to announce Q1 earnings results on Wednesday, September 28th, before market open. The consensus EPS Estimate is $3.14 and the consensus Revenue Estimate is $2.08B (+9.5% Y/Y). Over the last 2 years, CTAS has beaten EPS estimates 88% of the time and has beaten revenue estimates 88% of the time. Over the last 3 months, EPS estimates have seen 4 upward revisions and 7 downward. Revenue estimates have seen 8 upward revisions and 0 downward.

Sep 21
Investors Should Be Encouraged By Cintas' (NASDAQ:CTAS) Returns On Capital

Investors Should Be Encouraged By Cintas' (NASDAQ:CTAS) Returns On Capital

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...

Shareholder Returns

CTASUS Commercial ServicesUS Market
7D-0.4%-2.4%-2.5%
1Y0.2%-9.7%-23.2%

Return vs Industry: CTAS exceeded the US Commercial Services industry which returned -9.7% over the past year.

Return vs Market: CTAS exceeded the US Market which returned -23.2% over the past year.

Price Volatility

Is CTAS's price volatile compared to industry and market?
CTAS volatility
CTAS Average Weekly Movement3.3%
Commercial Services Industry Average Movement7.0%
Market Average Movement6.8%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: CTAS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CTAS's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196843,000Todd Schneiderhttps://www.cintas.com

Cintas Corporation provides corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other 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, as well as sells uniforms.

Cintas Fundamentals Summary

How do Cintas's earnings and revenue compare to its market cap?
CTAS fundamental statistics
Market CapUS$39.41b
Earnings (TTM)US$1.25b
Revenue (TTM)US$8.12b

31.5x

P/E Ratio

4.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CTAS income statement (TTM)
RevenueUS$8.12b
Cost of RevenueUS$4.37b
Gross ProfitUS$3.76b
Other ExpensesUS$2.51b
EarningsUS$1.25b

Last Reported Earnings

Aug 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)12.31
Gross Margin46.25%
Net Profit Margin15.39%
Debt/Equity Ratio92.6%

How did CTAS perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

33%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is CTAS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CTAS?

Other financial metrics that can be useful for relative valuation.

CTAS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.2x
Enterprise Value/EBITDA22.1x
PEG Ratio11x

Price to Earnings Ratio vs Peers

How does CTAS's PE Ratio compare to its peers?

CTAS PE Ratio vs Peers
The above table shows the PE ratio for CTAS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average22.2x
CPRT Copart
23.2x9.1%US$25.3b
RBA Ritchie Bros. Auctioneers
23.5x2.0%US$6.9b
IAA IAA
14.1x-1.8%US$4.3b
UNF UniFirst
28.2x21.9%US$3.1b
CTAS Cintas
31.5x2.9%US$39.4b

Price-To-Earnings vs Peers: CTAS is expensive based on its Price-To-Earnings Ratio (31.5x) compared to the peer average (22.2x).


Price to Earnings Ratio vs Industry

How does CTAS's PE Ratio compare vs other companies in the US Commercial Services Industry?

Price-To-Earnings vs Industry: CTAS is expensive based on its Price-To-Earnings Ratio (31.5x) compared to the US Commercial Services industry average (17.2x)


Price to Earnings Ratio vs Fair Ratio

What is CTAS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CTAS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.5x
Fair PE Ratio27.5x

Price-To-Earnings vs Fair Ratio: CTAS is expensive based on its Price-To-Earnings Ratio (31.5x) compared to the estimated Fair Price-To-Earnings Ratio (27.5x).


Share Price vs Fair Value

What is the Fair Price of CTAS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CTAS ($388.19) is trading above our estimate of fair value ($374.04)

Significantly Below Fair Value: CTAS is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Cintas forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


2.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CTAS's forecast earnings growth (2.9% per year) is above the savings rate (1.9%).

Earnings vs Market: CTAS's earnings (2.9% per year) are forecast to grow slower than the US market (14.8% per year).

High Growth Earnings: CTAS's earnings are forecast to grow, but not significantly.

Revenue vs Market: CTAS's revenue (4.1% per year) is forecast to grow slower than the US market (7.7% per year).

High Growth Revenue: CTAS's revenue (4.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CTAS's Return on Equity is forecast to be very high in 3 years time (41.5%).


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Past Performance

How has Cintas performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


14.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CTAS has high quality earnings.

Growing Profit Margin: CTAS's current net profit margins (15.4%) are lower than last year (15.6%).


Past Earnings Growth Analysis

Earnings Trend: CTAS's earnings have grown by 14% per year over the past 5 years.

Accelerating Growth: CTAS's earnings growth over the past year (10.2%) is below its 5-year average (14% per year).

Earnings vs Industry: CTAS earnings growth over the past year (10.2%) underperformed the Commercial Services industry 26.9%.


Return on Equity

High ROE: CTAS's Return on Equity (38.9%) is considered high.


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Financial Health

How is Cintas's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CTAS's short term assets ($2.7B) exceed its short term liabilities ($1.6B).

Long Term Liabilities: CTAS's short term assets ($2.7B) do not cover its long term liabilities ($3.4B).


Debt to Equity History and Analysis

Debt Level: CTAS's net debt to equity ratio (90.3%) is considered high.

Reducing Debt: CTAS's debt to equity ratio has reduced from 110.7% to 92.6% over the past 5 years.

Debt Coverage: CTAS's debt is well covered by operating cash flow (52.6%).

Interest Coverage: CTAS's interest payments on its debt are well covered by EBIT (17.3x coverage).


Balance Sheet


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.18%

Current Dividend Yield

Dividend Yield vs Market

Cintas Dividend Yield vs Market
How does Cintas dividend yield compare to the market?
SegmentDividend Yield
Company (Cintas)1.2%
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Commercial Services)1.5%
Analyst forecast in 3 Years (Cintas)1.2%

Notable Dividend: CTAS's dividend (1.18%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: CTAS's dividend (1.18%) is low compared to the top 25% of dividend payers in the US market (4.73%).


Stability and Growth of Payments

Stable Dividend: CTAS's dividends per share have been stable in the past 10 years.

Growing Dividend: CTAS's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (32.9%), CTAS's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (35.6%), CTAS's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

Todd Schneider (54 yo)

1.33yrs

Tenure

US$7,777,100

Compensation

Mr. Todd M. Schneider serves as Chief Executive Officer & President and a Director at Cintas Corporation since June 1, 2021. Mr. Schneider had been the Chief Operating Officer and Executive Vice President...


CEO Compensation Analysis

Todd Schneider's Compensation vs Cintas Earnings
How has Todd Schneider's remuneration changed compared to Cintas's earnings?
DateTotal Comp.SalaryCompany Earnings
Aug 31 2022n/an/a

US$1b

May 31 2022US$8mUS$1m

US$1b

Feb 28 2022n/an/a

US$1b

Nov 30 2021n/an/a

US$1b

Aug 31 2021n/an/a

US$1b

May 31 2021US$4mUS$639k

US$1b

Feb 28 2021n/an/a

US$981m

Nov 30 2020n/an/a

US$957m

Aug 31 2020n/an/a

US$917m

May 31 2020US$2mUS$710k

US$868m

Feb 29 2020n/an/a

US$950m

Nov 30 2019n/an/a

US$916m

Aug 31 2019n/an/a

US$912m

May 31 2019US$4mUS$689k

US$873m

Compensation vs Market: Todd's total compensation ($USD7.78M) is below average for companies of similar size in the US market ($USD13.04M).

Compensation vs Earnings: Todd's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: CTAS's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: CTAS's board of directors are seasoned and experienced ( 11 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NasdaqGS:CTAS Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
01 Apr 22SellUS$5,290,531Michael ThompsonIndividual12,500US$423.25

Ownership Breakdown

What is the ownership structure of CTAS?
Owner TypeNumber of SharesOwnership Percentage
State or Government37,0450.04%
Individual Insiders15,259,39215.0%
General Public21,958,89521.6%
Institutions64,277,31063.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 54.07% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
14.2%
Scott Farmer
14,421,232$5.6b-0.03%no data
9.82%
The Vanguard Group, Inc.
9,970,138$3.9b-0.14%0.09%
7.1%
BlackRock, Inc.
7,204,035$2.8b2.07%0.07%
3.75%
State Street Global Advisors, Inc.
3,811,581$1.5b-2.48%0.08%
1.73%
Geode Capital Management, LLC
1,755,924$681.6m0.94%0.09%
1.7%
FMR LLC
1,729,004$671.2m-8.16%0.06%
1.47%
T. Rowe Price Group, Inc.
1,488,278$577.7m-10.34%0.07%
1.44%
Brown Advisory Incorporated
1,465,797$569.0m-8.89%1.02%
1.36%
Franklin Resources, Inc.
1,385,185$537.7m-0.09%0.24%
1.07%
Columbia Management Investment Advisers, LLC
1,085,273$421.3m44.8%0.13%
1.05%
Impax Asset Management Group plc
1,062,605$412.5m-3.39%1.39%
1.05%
Fort Washington Investment Advisors, Inc.
1,062,425$412.4m0%3.29%
0.94%
Northern Trust Global Investments
951,780$369.5m0.86%0.08%
0.92%
American Century Investment Management Inc
934,134$362.6m-13.94%0.27%
0.86%
City National Rochdale, LLC
876,021$340.1m1%1.36%
0.82%
BNY Mellon Asset Management
832,740$323.3m4.23%0.07%
0.72%
Norges Bank Investment Management
729,703$283.3m0%0.04%
0.66%
Legal & General Investment Management Limited
670,725$260.4m-1.42%0.08%
0.52%
ProShare Advisors LLC
532,673$206.8m-9.12%0.71%
0.52%
Pictet Asset Management Limited
528,491$205.2m-6.69%0.19%
0.5%
Luther King Capital Management Corporation
505,256$196.1m-0.63%1.16%
0.5%
Dimensional Fund Advisors LP
503,671$195.5m-9.74%0.05%
0.48%
UBS Asset Management
489,310$189.9m-5.17%0.04%
0.46%
Charles Schwab Investment Management, Inc.
466,357$181.0m-0.67%0.05%
0.43%
Goldman Sachs Asset Management, L.P.
438,717$170.3m62.98%0.07%

Company Information

Cintas Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Cintas Corporation
  • Ticker: CTAS
  • Exchange: NasdaqGS
  • Founded: 1968
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Implied Market Cap: US$39.414b
  • Shares outstanding: 101.53m
  • Website: https://www.cintas.com

Number of Employees


Location

  • Cintas Corporation
  • 6800 Cintas Boulevard
  • PO Box 625737
  • Cincinnati
  • Ohio
  • 45262-5737
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CTASNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDAug 1983
CITDB (Deutsche Boerse AG)YesCommon StockDEEURAug 1983
0HYJLSE (London Stock Exchange)YesCommon StockGBUSDAug 1983
CTASWBAG (Wiener Boerse AG)YesCommon StockATEURAug 1983
CTAS *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNAug 1983
C1TA34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 5 REPR 1 COMBRBRLJan 2020

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/08/31
Annual Earnings2022/05/31


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.