NYSE:UNF

Stock Analysis Report

Executive Summary

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.


Similar Companies

Share Price & News

How has UniFirst's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.0%

NYSE:UNF

1.2%

US Commercial Services

0.9%

US Market


1 Year Return

8.8%

NYSE:UNF

6.4%

US Commercial Services

0.3%

US Market

UNF outperformed the Commercial Services industry which returned 5.8% over the past year.

UNF outperformed the Market in United States of America which returned -0.5% over the past year.


Share holder returns

UNFIndustryMarket
7 Day2.0%1.2%0.9%
30 Day6.6%-0.07%-1.9%
90 Day24.3%3.4%1.6%
1 Year9.1%8.8%10.5%6.4%2.6%0.3%
3 Year60.0%59.1%64.9%53.8%41.0%31.8%
5 Year106.7%105.0%97.8%77.9%55.2%38.0%

Price Volatility Vs. Market

How volatile is UniFirst's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

22.89x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

UniFirst's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

UniFirst's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

UniFirst is good value based on earnings compared to the US Commercial Services industry average.

UniFirst is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

UniFirst earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

UniFirst is overvalued based on assets compared to the US Commercial Services industry average.


Next Steps

Future Growth

How is UniFirst expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

-1.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

UniFirst's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).

UniFirst's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

UniFirst's revenue growth is positive but not above the United States of America market average.

UniFirst's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

UniFirst's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

UniFirst is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has UniFirst performed over the past 5 years?

4.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

UniFirst's year on year earnings growth rate has been positive over the past 5 years.

UniFirst's 1-year earnings growth exceeds its 5-year average (35.5% vs 4.6%)

UniFirst's earnings growth has exceeded the US Commercial Services industry average in the past year (35.5% vs -2.4%).


Return on Equity

UniFirst has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

UniFirst used its assets more efficiently than the US Commercial Services industry average last year based on Return on Assets.


Return on Capital Employed

UniFirst's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is UniFirst's financial position?


Financial Position Analysis

UniFirst is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

UniFirst's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

UniFirst has no debt.

UniFirst has no debt compared to 5 years ago when it was 0.9%.

UniFirst has no debt, it does not need to be covered by operating cash flow.

UniFirst has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

UniFirst has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

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

0.22%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase UniFirst before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

UniFirst's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

UniFirst's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

UniFirst is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.

UniFirst is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.


Current Payout to Shareholders

No need to calculate the sustainability of UniFirst's dividends as it is not paying a notable one for United States of America.


Future Payout to Shareholders

No need to calculate the sustainability of UniFirst's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

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

4.1yrs

Average management tenure


CEO

Steve Sintros (45yo)

2.1yrs

Tenure

US$1,960,950

Compensation

Mr. Steven S. Sintros, also known as Steve, has been President and Chief Executive Officer of UniFirst Corporation since July 31, 2017. Mr. Sintros has overall responsibility for management of UniFirst Cor ...


CEO Compensation Analysis

Steve's remuneration is lower than average for companies of similar size in United States of America.

Steve's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.1yrs

Average Tenure

55yo

Average Age

The tenure for the UniFirst management team is about average.


Board Age and Tenure

11.6yrs

Average Tenure

64yo

Average Age

The average tenure for the UniFirst board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$84,34312 Apr 19
Michael Iandoli
EntityIndividual
Role
Member of the Board of Directors
Director
Shares544
Max PriceUS$155.04

Ownership Breakdown


Management Team

  • Cynthia Croatti (64yo)

    Executive VP

    • Tenure: 24.6yrs
    • Compensation: US$1.00m
  • David DiFillippo (62yo)

    Senior Vice President of Operations

    • Tenure: 17.6yrs
    • Compensation: US$762.93k
  • Steve Sintros (45yo)

    President

    • Tenure: 2.1yrs
    • Compensation: US$1.96m
  • David Katz (55yo)

    Senior Vice President of Sales & Marketing

    • Tenure: 0.0yrs
    • Compensation: US$811.80k
  • Scott Chase

    Secretary

    • Tenure: 0.0yrs
  • Michael Croatti (50yo)

    Senior Vice President of Operations

    • Tenure: 4.6yrs
  • Bill Ross (58yo)

    Senior Vice President of Operations

    • Tenure: 3.6yrs
  • Adam Soreff

    Director of Marketing & Communications

    • Tenure: 0.0yrs
  • Shane O’Connor (45yo)

    CFO & Senior VP

    • Tenure: 1.6yrs
    • Compensation: US$910.24k

Board Members

  • Phillip Cohen (88yo)

    Independent Director

    • Tenure: 18.8yrs
    • Compensation: US$316.64k
  • Cynthia Croatti (64yo)

    Executive VP

    • Tenure: 24.6yrs
    • Compensation: US$1.00m
  • Kathleen Camilli (60yo)

    Director

    • Tenure: 7.6yrs
    • Compensation: US$262.64k
  • Ray Zemlin (64yo)

    Chairman of the Board

    • Tenure: 1.8yrs
    • Compensation: US$276.34k
  • Tom Postek (77yo)

    Director

    • Tenure: 11.6yrs
    • Compensation: US$289.14k
  • Michael Iandoli (74yo)

    Director

    • Tenure: 12.6yrs
    • Compensation: US$254.89k
  • Steve Sintros (45yo)

    President

    • Tenure: 2.1yrs
    • Compensation: US$1.96m

Company Information

UniFirst Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: UniFirst Corporation
  • Ticker: UNF
  • Exchange: NYSE
  • Founded: 1936
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: US$3.824b
  • Shares outstanding: 19.00m
  • Website: https://www.unifirst.com

Number of Employees


Location

  • UniFirst Corporation
  • 68 Jonspin Road
  • Wilmington
  • Massachusetts
  • 1887
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UNFNYSE (New York Stock Exchange)YesCommon StockUSUSDJun 1983
U1NDB (Deutsche Boerse AG)YesCommon StockDEEURJun 1983

Biography

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. Rental and Cleaning, Canadian Rental and Clean ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/19 23:45
End of Day Share Price2019/08/19 00:00
Earnings2019/05/25
Annual Earnings2018/08/25


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.