Cintas Corp

Consumer Discretionary
Apparel
www.cintas.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $79.64B
PE 47
Debt $2.66B
Cash $122.40M
EV $82.18B
FCF $1.86B

Earnings

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Sales & Net Margins

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Earnings	$1.71B
EBIT	$2.22B
ROE	40%
ROA	24%
FCF	$1.86B
Equity	$4.29B
Growth Stability	100%
PE	46.68
PEG	3.38
PB	18.55
P/FCF	42.93
P/S	8.01
Price/Cash	0
Debt/Equity	0.62
Debt/FCF	1.43
Net Margins	18%
Op. Margins	22%
Earnings CAGR	13%
Sales Growth YoY	8%
Sales Growth QoQ	2%
Sales CAGR	8%
FCF CAGR	24%
Equity CAGR	9%
Earnings Stability	0.89
Earnings Growth YoY	20%
Earnings Growth QoQ	-1%
Earnings CAGR 5Y	14%

Sales CAGR 5Y	9%
FCF CAGR 5Y	10%
Equity CAGR 5Y	5%
Earnings CAGR 3Y	10%
Sales CAGR 3Y	10%
FCF CAGR 3Y	15%
Equity CAGR 3Y	12%
Market Cap	$79.64B
Revenue	$9.94B
Dividend Yield	1%
Payout Ratio	35%
Assets	$9.37B
Total Debt	$2.66B
Cash	$122.40M
Shares Outstanding	403.49M
EV	82.18B
Earnings Score	94%
Moat Score	97%
Safety Score	94%
Final Score	95%
Working Capital	1.16B
Current Ratio	1.58
Shares Growth 3y	-0%
Equity Growth QoQ	7%
Equity Growth YoY	7%

Assets & ROA

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Stockholders Equity & ROE

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In its core uniform and facility services unit (79% of sales), Cintas provides uniform rental programs to businesses across the size spectrum, mostly in North America. The firm is by far the largest provider in the industry. Facilities products generally include the rental and sale of entrance mat, mops, shop towels, hand sanitizers, and restroom supplies. Cintas also runs a first aid and safety services business (11% of sales), a fire protection services business (6% of sales), and a uniform direct sales business (4% of sales).

SEC Filings

Direct access to Cintas Corp (CTAS) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Nov 30
- 10-Q Aug 31
- 10-K May 31
- 10-Q Feb 29
2023
- 10-Q Nov 30
- 10-Q Aug 31
- 10-K May 31
- 10-Q Feb 28
2022
- 10-Q Nov 30
- 10-Q Aug 31
- 10-K May 31
- 10-Q Feb 28

Sector Comparison

How does Cintas Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Cintas Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 13%

Stability 89%

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Cintas Corp Discounted Cash Flow

Fully customizable DCF calculator online for Cintas Corp.

Years

Calculation mode

= $100B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$1.9B	$2.3B	$2.9B	$3.5B	$4.4B	$5.5B	$6.8B	$8.4B	$10B	$13B	$16B	$161B
DCF		$2.1B	$2.4B	$2.7B	$3B	$3.4B	$3.8B	$4.3B	$4.9B	$5.5B	$6.2B	$62B
Value	$100B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	05/2015	05/2016	05/2017	05/2018	05/2019	05/2020	05/2021	05/2022	05/2023	05/2024	TTM
Net Margins	10%	14%	9%	13%	13%	12%	16%	16%	15%	16%	18%
ROA	-	19%	11%	14%	16%	15%	17%	19%	21%	23%	24%
ROE	-	38%	21%	28%	29%	27%	30%	37%	35%	36%	40%

Good Net Margins (17.72%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	05/2015	05/2016	05/2017	05/2018	05/2019	05/2020	05/2021	05/2022	05/2023	05/2024	TTM
Debt over FCF	-	6.83	6.39	3.66	3.62	2.4	2.09	2.17	1.97	1.49	1.43
Debt over Equity	0.67	0.71	1.36	0.84	0.95	0.79	0.69	0.85	0.65	0.58	0.62
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%	100%

Good Debt/FCF ratio (1.43)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.62)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	05/2015	05/2016	05/2017	05/2018	05/2019	05/2020	05/2021	05/2022	05/2023	05/2024	CAGR 5Y
Revenue YoY growth	-	10%	9%	22%	6%	3%	0%	10%	12%	9%	9%
Earnings YoY growth	-	61%	-31%	75%	5%	-1%	27%	11%	9%	17%	14%
Equity YoY growth	-	-5%	25%	31%	-0%	8%	14%	-10%	17%	12%	5%
FCF YoY growth	-	-47%	158%	41%	14%	34%	15%	7%	-2%	32%	10%