Cintas Corp

CTAS: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$651.00	Bvhy	Cwxwmqtpc

Cintas Earnings: We Raise Our Fair Value Estimate by 4% After Strong Results

Joshua Aguilar ,

Jul 14, 2023

Wide-moat-rated Cintas reported strong fiscal 2023 fourth-quarter results. We raise our fair value estimate to $400 from $384, driven by the time value of money and the firm’s above-expectations full-year performance. We believe it remains well-positioned to navigate tough macroeconomic environments, and we are optimistic about its long-term strategic focus on margin expansion and technology investments. That said, we still think the stock remains overvalued.

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