Cintas Corp Stock Research

Market Summary

USD468.72+4.52

Market Closed

0.97%

CTAS Stock Price

CTAS RSI Chart

CTAS Valuation

Market Cap

47.7B

Price/Earnings (Trailing)

36.76

Price/Sales (Trailing)

5.54

EV/EBITDA

23.87

Price/Free Cashflow

36.78

CTAS Price/Sales (Trailing)

CTAS Profitability

EBT Margin

19.05%

Return on Equity

37.48%

Return on Assets

15.26%

Free Cashflow Yield

2.72%

CTAS Fundamentals

CTAS Revenue

Revenue (TTM)

8.6B

Revenue Y/Y

11.7%

Revenue Q/Q

0.7%

CTAS Earnings

Earnings (TTM)

1.3B

Earnings Y/Y

3.29%

Earnings Q/Q

0.47%

Price Action

52 Week Range

342.05478.39

(Low)(High)

Last 7 days

-0.4%

Last 30 days

6.6%

Last 90 days

7.7%

Trailing 12 Months

22.9%

CTAS Financial Health

Current Ratio

1.86

CTAS Investor Care

Dividend Yield

0.94%

Dividend/Share (TTM)

4.4

Buy Backs (1Y)

0.73%

Diluted EPS (TTM)

12.46

Peers (Alternatives to Cintas)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
WM	65.6B	19.9B	-1.42%	2.08%	29.06	3.29	7.84%	18.34%
CTAS	47.7B	8.6B	6.62%	22.89%	36.76	5.54	13.01%	7.22%
RSG	44.7B	14.1B	2.79%	5.55%	29.41	3.16	21.02%	12.77%
CPRT	41.9B	3.7B	13.97%	53.62%	38.71	11.4	16.24%	-0.79%
ROL	19.4B	2.8B	0.03%	9.12%	50.42	7.01	11.44%	13.83%
MID-CAP
MSA	5.5B	1.6B	10.52%	12.83%	-910.8	3.47	12.17%	-129.78%
IAA	5.3B	2.1B	-7.80%	0.87%	18.25	2.54	14.23%	-0.68%
BCO	3.2B	4.6B	10.48%	14.02%	27.03	0.68	8.16%	-30.88%
BRC	2.5B	1.3B	-0.90%	3.01%	14.72	1.87	2.00%	21.62%
SMALL-CAP
MATW	1.2B	1.8B	11.57%	24.28%	-18.21	0.66	3.25%	-196.30%
BV	627.4M	2.8B	29.79%	-46.45%	-42.39	0.23	4.76%	-137.09%
PBI	567.3M	3.5B	-2.93%	-24.75%	15.36	0.16	-3.69%	2834.27%
KBAL	454.2M	703.9M	2.14%	53.18%	-23.34	0.65	8.54%	-202.25%
TILE	407.5M	1.3B	-3.70%	-50.34%	73.39	0.31	5.71%	-90.98%

Financials for Cintas

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	2.7%	8,606	8,377	8,124	7,854	7,615
S&GA Expenses	4.4%	2,294	2,198	2,124	2,045	2,006
EBITDA	3.5%	1,951	1,885	1,837	-	-
EBITDA Margin	0.4%	0.23*	0.23*	0.23*	-	-
Earnings Before Taxes	2.1%	1,629	1,596	1,539	1,499	1,449
EBT Margin	0.6%	0.19*	0.19*	0.19*	-	-
Interest Expenses	6.7%	109	102	95.00	89.00	90.00
Net Income	0.8%	1,296	1,286	1,256	1,236	1,209
Net Income Margin	-0.7%	0.15*	0.15*	0.16*	-	-
Free Cahsflow	-2.1%	1,285	1,312	1,297	-	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	0.5%	8,466	8,427	8,261	8,147	8,169
Current Assets	0.6%	2,910	2,893	2,748	2,632	2,687
Cash Equivalents	-1.4%	89.00	90.00	75.00	90.00	84.00
Inventory	3.2%	531	515	474	472	487
Net PPE	1.3%	1,358	1,341	1,329	1,324	1,312
Goodwill	0.2%	3,044	3,038	3,037	3,043	3,033
Current Liabilities	-10.7%	1,388	1,554	1,600	1,433	2,623
Long Term Debt	84.9%	2,484	1,344	-	-	-
LT Debt, Current	-42.8%	249	435	507	312	1,509
LT Debt, Non Current	0.0%	2,486	2,485	2,485	2,484	1,344
Shareholder's Equity	5.9%	3,633	3,431	3,230	3,308	3,294
Retained Earnings	2.3%	9,369	9,160	8,953	8,719	8,522
Shares Outstanding	0.1%	102	102	102	102	102

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	2.0%	1,595	1,563	1,574	1,538	1,443
Share Based Compensation	1.0%	101	100	99.00	109	112
Cashflow From Investing	16.0%	-354	-422	-404	-402	-364
Cashflow From Financing	-6.0%	-1,233	-1,164	-1,174	-1,537	-1,548
Dividend Payments	4.5%	431	412	394	375	356
Buy Backs	-44.2%	675	1,210	1,187	1,526	1,621

Risks for CTAS

What is the probability of a big loss on CTAS?

50%

Probability that Cintas stock will be more than 20% underwater in next one year

19.6%

Probability that Cintas stock will be more than 30% underwater in next one year.

18.5%

Probability that Cintas stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CTAS drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Cintas was unfortunately bought at previous high price.

Drawdowns

Returns for CTAS

Cumulative Returns on CTAS

27.9%

10-Year Cumulative Returns

26.9%

7-Year Cumulative Returns

22.2%

5-Year Cumulative Returns

24.1%

3-Year Cumulative Returns

What are the long-term rolling returns for CTAS?

FIve years rolling returns for Cintas.

Annualized Returns

Which funds bought or sold CTAS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-23	Seaport Global Advisors, LLC	reduced	-25.00	-28,454	94,387	0.30%
2023-05-23	Toroso Investments, LLC	added	163	1,990,000	3,158,000	0.05%
2023-05-23	Front Row Advisors LLC	new	-	4,000	4,000	-%
2023-05-23	Capital Impact Advisors, LLC	sold off	-100	-434,910	-	-%
2023-05-22	Raleigh Capital Management Inc.	added	225	28,573	40,880	0.02%
2023-05-22	PUTNAM INVESTMENTS LLC	added	64.47	15,763,100	38,774,900	0.06%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-4.27	-9,967,950	506,346,000	0.17%
2023-05-22	Arete Wealth Advisors, LLC	reduced	-3.26	-276,960,000	275,000	0.02%
2023-05-22	American Trust	added	3.11	182,434	3,418,740	0.24%
2023-05-19	Coppell Advisory Solutions LLC	sold off	-100	-116,996	-	-%

Latest Funds Activity

Are funds buying CTAS calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CTAS

No. of Funds

Cintas News

Schedule 13G FIlings of Cintas

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Jan 31, 2023	blackrock inc.	7.5%	7,660,471	SC 13G/A
Jan 10, 2023	vanguard group inc	10.01%	10,171,792	SC 13G/A
May 03, 2022	farmer scott d	14.1%	14,425,871	SC 13D/A
Feb 09, 2022	vanguard group inc	9.54%	9,891,779	SC 13G/A
Feb 01, 2022	blackrock inc.	6.0%	6,164,679	SC 13G/A
Feb 10, 2021	vanguard group inc	9.59%	10,063,842	SC 13G/A
Jan 29, 2021	blackrock inc.	5.8%	6,115,051	SC 13G/A
Dec 28, 2020	farmer scott d	13.8%	14,479,546	SC 13D/A
Feb 10, 2020	vanguard group inc	10.03%	10,415,585	SC 13G/A
Feb 10, 2020	vanguard group inc	9.98%	10,354,963	SC 13G/A

CTAS Fair Value

Cintas fair value in different scenarios

The table shows the Fair Value estimates for Cintas for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	167.44 -64.28%	243.67 -48.01%	355.13 -24.23%	479.96 2.40%	583.54 24.50%
Current Inflation	153.08 -67.34%	217.81 -53.53%	310.63 -33.73%	413.75 -11.73%	498.85 6.43%
Very High Inflation	135.40 -71.11%	186.94 -60.12%	258.91 -44.76%	338.10 -27.87%	403.01 -14.02%

Historical Cintas Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Cintas

View All Filings

Date Filed	Form Type	Document
Apr 25, 2023	4/A	Insider Trading
Apr 25, 2023	4	Insider Trading
Apr 21, 2023	SD	SD
Apr 20, 2023	4	Insider Trading
Apr 20, 2023	3	Insider Trading
Apr 18, 2023	4	Insider Trading
Apr 11, 2023	8-K	Current Report
Apr 06, 2023	8-K	Current Report
Apr 06, 2023	10-Q	Quarterly Report
Mar 29, 2023	8-K	Current Report

Latest Insider Trading transactions for CTAS

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-04-21	Hansen J. Michael	gifted	-	-	-1,560	vp & cfo
2023-04-18	MUCCI MARTIN	acquired	38,170	459	83.00	-
2023-04-17	Thompson Michael Lawrence	gifted	-	-	1,735	executive vice president & cao
2023-04-17	Thompson Michael Lawrence	acquired	-	-	1,735	executive vice president & cao
2023-04-14	Thompson Michael Lawrence	acquired	-	-	850	executive vice president & cao
2023-04-14	Thompson Michael Lawrence	gifted	-	-	850	executive vice president & cao
2023-02-06	Hansen J. Michael	acquired	563,205	137	4,102	vp & cfo
2023-02-06	Hansen J. Michael	sold (taxes)	-1,097,700	441	-2,484	vp & cfo
2023-02-06	Hansen J. Michael	sold	-714,913	441	-1,618	vp & cfo
2023-01-18	TYSOE RONALD W	acquired	160,757	53.39	3,011	-

About Cintas

Todd M. Schneider

www.cintas.com

40000

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. It also offers first aid and safety services, and fire protection products and services. The company provides 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 headquartered in Cincinnati, Ohio.

CTAS Income Statement

2023-02-28

Consolidated Condensed Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2023	Feb. 28, 2022
Revenue:
Total revenue	$ 2,189,986	$ 1,960,542	$ 6,531,298	$ 5,779,773
Costs and expenses:
Selling and administrative expenses	587,219	490,549	1,752,724	1,503,117
Operating income	446,812	407,605	1,331,866	1,182,934
Interest income	(373)	(56)	(872)	(168)
Interest expense	28,819	22,030	85,459	65,786
Income before income taxes	418,366	385,631	1,247,279	1,117,316
Income taxes	92,539	70,183	245,470	176,020
Net income	$ 325,827	$ 315,448	$ 1,001,809	$ 941,296
Basic earnings per share (in dollars per share)	$ 3.19	$ 3.04	$ 9.82	$ 9.05
Diluted earnings per share (in dollars per share)	3.14	2.97	9.65	8.84
Dividends declared per share (in dollars per share)	$ 1.15	$ 0.95	$ 3.45	$ 2.85
Uniform Rental and Facility Services
Revenue:
Total revenue	$ 1,716,165	$ 1,553,320	$ 5,123,924	$ 4,596,767
Costs and expenses:
Cost of revenue	907,993	834,082	2,705,486	2,430,644
Other
Revenue:
Total revenue	473,821	407,222	1,407,374	1,183,006
Costs and expenses:
Cost of revenue	$ 247,962	$ 228,306	$ 741,222	$ 663,078

CTAS Balance Sheet

2023-02-28

Consolidated Condensed Balance Sheets - USD ($) $ in Thousands	Feb. 28, 2023	May 31, 2022
Current assets:
Cash and cash equivalents	$ 88,563	$ 90,471
Accounts receivable, net	1,133,096	1,006,220
Inventories, net	531,270	472,150
Uniforms and other rental items in service	999,029	916,706
Income taxes, current	2,990	21,708
Prepaid expenses and other current assets	155,208	124,728
Total current assets	2,910,156	2,631,983
Property and equipment, net	1,358,181	1,323,673
Investments	241,796	242,873
Goodwill	3,043,578	3,042,976
Service contracts, net	357,146	391,638
Operating lease right-of-use assets, net	178,524	170,003
Other assets, net	376,620	344,110
Total assets	8,466,001	8,147,256
Current liabilities:
Accounts payable	281,649	251,504
Accrued compensation and related liabilities	203,726	236,992
Accrued liabilities	610,863	588,948
Operating lease liabilities, current	42,970	43,872
Debt due within one year	249,053	311,574
Total current liabilities	1,388,261	1,432,890
Long-term liabilities:
Debt due after one year	2,485,952	2,483,932
Deferred income taxes	496,778	473,777
Operating lease liabilities	139,107	129,064
Accrued liabilities	322,647	319,397
Total long-term liabilities	3,444,484	3,406,170
Shareholders’ equity:
Preferred stock, no par value	0	0
Common stock, no par value, and paid-in capital	1,981,610	1,771,917
Retained earnings	9,368,678	8,719,163
Treasury stock	(7,793,136)	(7,290,801)
Accumulated other comprehensive income	76,104	107,917
Total shareholders’ equity	3,633,256	3,308,196
Total liabilities and shareholders' equity	$ 8,466,001	$ 8,147,256