Skip to Content

Cintas Corp CTAS

Morningstar Rating
$628.36 −0.25 (0.04%)
View Full Chart
Unlock our analysis with Morningstar Investor

Company Report

Cintas Continues to Drive Solid Growth and Remains Well Positioned in the Industry

Cintas is the dominant provider in the $20 billion U.S. uniform rental/sales and related ancillary services industry. It enjoys a roughly 31% market share. It has a diversified customer base of over 1 million large corporations and small and midsize businesses across North America, with no single customer making up more than 1% of total revenue. Despite its already impressive position, we expect Cintas to post healthy growth over the long run. The firm constantly launches new product lines while emphasizing cross-selling to its existing customers and investing in IT infrastructure to enhance customer retention and operational efficiency. About 60% of its annual sales growth derives from new customer wins. With a market penetration rate of less than 20%, the remaining unvended market remains sizable.

Price vs Fair Value

CTAS is trading within a range we consider fairly valued.
Price
$628.36
Fair Value
$624.00
Uncertainty
Medium
1-Star Price
$869.00
5-Star Price
$941.00
Economic Moat
Rlmjw
Capital Allocation
Bccdynlfl

Bulls Say, Bears Say

Bulls

Cintas’ industry-leading operating efficiency stems from its significant scale-based cost advantages, achieved through superior route density.

Bears

Competitors are not standing still. Large providers like UniFirst and Aramark are also pursuing market share.

Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if CTAS is a good fit for your portfolio.

News

Trading Information

Previous Close Price
$628.61
Day Range
$619.93630.63
52-Week Range
$425.00636.37
Bid/Ask
$626.14 / $628.74
Market Cap
$63.70 Bil
Volume/Avg
296,600 / 359,376

Key Statistics

Price/Earnings (Normalized)
45.60
Price/Sales
7.07
Dividend Yield (Trailing)
0.83%
Dividend Yield (Forward)
0.86%
Total Yield
1.57%

Company Profile

Cintas is positioned as a one-stop shop that rents/sells uniforms and ancillary products and services, such as mops, first aid kits, and fire inspections. In its core uniform and facility services unit (a majority of sales), Cintas provides uniform rental programs for items including office attire, custom-tailored apparel, flame-resistant clothing, lab coats, and other profession-specific clothing. Facilities products generally include the rental and sale of entrance mats, mops, shop towels, hand sanitizers, and restroom supplies. Cintas' remaining businesses include first aid and safety services, fire protection services, and uniform direct sales.
Sector
Industrials
Industry
Specialty Business Services
Stock Style Box
Large Growth
Total Number of Employees
44,500

Competitors

Valuation

Metric
CTAS
ECL
SW
Price/Earnings (Normalized)
45.6043.2815.03
Price/Book Value
15.948.002.42
Price/Sales
7.074.220.49
Price/Cash Flow
33.1828.739.80
Price/Earnings
CTAS
ECL
SW

Financial Strength

Metric
CTAS
ECL
SW
Quick Ratio
1.000.910.56
Current Ratio
2.241.301.16
Interest Coverage
18.145.885.18
Quick Ratio
CTAS
ECL
SW

Profitability

Metric
CTAS
ECL
SW
Return on Assets (Normalized)
17.62%6.92%4.37%
Return on Equity (Normalized)
39.86%19.65%20.87%
Return on Invested Capital (Normalized)
24.03%10.39%8.84%
Return on Assets
CTAS
ECL
SW
See how this stock stacks up to its competitors with Morningstar Investor

Specialty Business Services Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Economic Moat
Market Cap
RLXXF
RELX PLCGpbq$81.1 Bil
RELX
RELX PLC ADRPyh$81.1 Bil
TRI
Thomson Reuters CorpKlbndfp$72.0 Bil
CPRT
Copart IncTsq$51.5 Bil
WTKWY
Wolters Kluwer NV ADRKbzhg$37.4 Bil
WOLTF
Wolters Kluwer NVXkbzz$37.4 Bil
GPN
Global Payments IncYctbf$33.6 Bil
RBA
RB Global IncJvzsxv$14.0 Bil
RTO
Rentokil Initial PLC ADRQrgr$14.0 Bil

Sponsor Center