Cintas Corporation Intrinsic Value – CINTAS CORPORATION Reports Strong Fiscal Year 2024 Q2 Earnings Results for November 30, 2023
December 26, 2023
☀️Earnings Overview
On December 21 2023, CINTAS CORPORATION ($NASDAQ:CTAS) released its financial results for the second quarter of FY2024, which ended on November 30 2023. The company saw a 9.3% increase in total revenue year over year, with USD 2377.2 million reported. Net income was similarly up 15.5%, reaching USD 374.6 million.
Share Price
On Thursday, CINTAS CORPORATION reported strong fiscal year 2024 Q2 earnings results for November 30, 2023. The company’s stock opened at $577.0 and ended the day at $590.0, rising by an impressive 6.6% from its last closing price of $553.7. This marks a significant increase in the company’s stock price for the quarter, signaling investor confidence in the company’s growth prospects. CINTAS CORPORATION has seen significant success in the past decade, growing in size and reach with its safety, identification, and uniform services.
The strong quarterly results demonstrate the success of CINTAS CORPORATION’s continued focus on cost-effectiveness and customer satisfaction. The company’s focus on innovation and technology has helped drive efficiencies and reduce costs, while its commitment to providing quality service has helped grow its customer base. With a solid foundation in place, CINTAS CORPORATION will continue to expand its presence in the coming quarters, delivering consistent performance and shareholder value. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cintas Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 9.19k | 1.43k | 15.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cintas Corporation. More…
| Operations | Investing | Financing |
| 1.71k | -499.44 | -1.21k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cintas Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.81k | 4.82k | 39.22 |
Key Ratios Snapshot
Some of the financial key ratios for Cintas Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.9% | 16.1% | 20.9% |
| FCF Margin | ROE | ROA |
| 14.4% | 29.7% | 13.6% |
Analysis – Cintas Corporation Intrinsic Value
At GoodWhale, we recently conducted an analysis of CINTAS CORPORATION‘s fundamentals. After careful consideration of the data, our proprietary Valuation Line determined that the intrinsic value of CINTAS CORPORATION share is around $473.6. Currently, CINTAS CORPORATION stock is trading at $590.0, which means it is currently overvalued by 24.6%. As a result, we suggest that investors should consider whether now is the right time to buy or sell their CINTAS CORPORATION shares. More…
Peers
Cintas Corp is a provider of uniforms and facility services to businesses worldwide. Its competitors are HITO-Communications Holdings Inc, White Fox Ventures Inc, and Nihonwasou Holdings Inc.
– HITO-Communications Holdings Inc ($TSE:4433)
HITO-Communications Holdings Inc is a Japanese telecommunications company with a market cap of 28.76B as of 2022. The company has a Return on Equity of 21.29%. HITO-Communications provides mobile phone, fixed-line telephone, and Internet services in Japan. The company was founded in 1985 and is headquartered in Tokyo, Japan.
– White Fox Ventures Inc ($OTCPK:AWAW)
As of 2022, White Fox Ventures Inc has a market cap of 1.03M and a return on equity of 318.93%. White Fox Ventures Inc is a venture capital firm that specializes in investments in the technology, healthcare, and media industries.
– Nihonwasou Holdings Inc ($TSE:2499)
Nihonwasou Holdings Inc is a Japanese real estate company with a market cap of 2.79B as of 2022. The company’s Return on Equity is 10.05%. The company engages in the business of leasing, selling, and managing apartments and other properties.
Summary
Investors reacted positively to CINTAS CORPORATION’s earnings results for FY2024 Q2, ended November 30 2023. The company reported a total revenue of USD 2377.2 million, an increase of 9.3% year over year and net income of USD 374.6 million, up 15.5% year-on-year. This significant growth in revenue and profits resulted in a stock price increase on the same day.
From an investment perspective, CINTAS CORPORATION seems to be performing well and offers a attractive return on investment. Investors should continue to monitor the performance of the company in the coming quarters to see if these strong results can be maintained.
