CINTAS CORPORATION Reports Record Revenue and Income for FY2023 Q2
December 29, 2022
Earnings report
Cintas Corporation Intrinsic Value – On December 21 2022, CINTAS CORPORATION ($NASDAQ:CTAS) reported its earnings results for the second quarter of FY2023 ending November 30 2022. CINTAS CORPORATION is a publicly traded company that operates as a provider of corporate identity uniforms, and other related business services. The company reported total revenue of USD 324.3 million, up 10.1% year over year. This was driven by growth in all segments, including uniform rental and facility services, first aid and safety services, and fire protection services. Reported net income was USD 2174.9 million, up 13.1% year over year. CINTAS CORPORATION also noted that the strong performance of its core uniform rental and facility services business, combined with increased demand for its products and services, drove the overall growth in revenue and income.
The company’s first aid and safety services segment also saw a significant increase in demand, driven by rising customer awareness of workplace safety protocols and the importance of providing necessary medical supplies. The company’s fire protection services segment also experienced an increase in revenue, as customers sought to ensure their premises were compliant with local fire regulations. This helped drive a strong increase in revenue and income for CINTAS CORPORATION during the quarter. Overall, CINTAS CORPORATION reported record revenue and income for FY2023 Q2. The company’s strong performance was driven by growth in all segments, which allowed for continued expansion and market share gains. With demand for its products and services continuing to be strong, CINTAS CORPORATION looks poised to continue on its path of record-breaking results in the coming quarters.
Share Price
The stock opened at $453.4, up 4.6% from the prior closing price of $443.9. The stock closed at $464.4, representing a continued rise in the company’s stock performance. The strong financial results come as no surprise to investors, as CINTAS CORPORATION has consistently delivered strong results over the past several years. During the quarter, the company saw continued improvement in its customer service offerings, resulting in increased demand for its products and services.
The company focuses on delivering high-quality products and services while continuing to drive innovation and efficiency in the industry. With the continued success of its core business, CINTAS CORPORATION is well positioned to continue to lead in its sector and drive long-term growth. 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 |
| 8.38k | 1.28k | 15.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cintas Corporation. More…
| Operations | Investing | Financing |
| 1.56k | -422.46 | -1.16k |
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 |
| 8.43k | 5k | 33.76 |
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 |
| 5.5% | 11.2% | 20.3% |
| FCF Margin | ROE | ROA |
| 15.3% | 31.9% | 12.6% |
VI Analysis – Cintas Corporation Intrinsic Value Calculator
CINTAS CORPORATION is a company that is assessed on its fundamentals, which reflect its long term potential. The VI app has made this process simpler, allowing for a more straightforward analysis of the company. The fair value of CINTAS CORPORATION shares, as determined by the VI Line, is estimated to be around $401.4. Currently, the stock is being traded at $464.4, meaning that it is being overvalued by 16%. This means that investors are paying more than the fair value of the stock, making it a risky investment. It is important to note that this assessment is based solely on fundamentals and does not take into consideration other factors such as the current market conditions. Investing in CINTAS CORPORATION should be done with caution, as there is always a chance of it dropping in price. Ultimately, it is up to the investor to decide whether or not this stock is worth investing in. More…
VI Peers
Cintas Corp is a provider of uniforms and facility services to businesses worldwide. Its competitors are HITO-Communications Holdings Inc, White Fox Ventures Inc, and Nihonwasou Holdings Inc.
– HITO-Communications Holdings Inc ($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
Investing in CINTAS CORPORATION is a potentially profitable decision, as the company reported strong financial results for its second quarter of FY2023. Total revenue increased 10.1% year-over-year to USD 324.3 million, while net income rose 13.1% year-over-year to USD 2174.9 million. The stock price responded positively to these results, rising the same day of the announcement.
Analysts have noted that CINTAS CORPORATION has a strong track record of delivering consistent earnings growth, with its recent performance being no exception. The company’s strategies and operations appear to be well-aligned for sustained success in the future, making it an attractive option for investors looking for long-term returns.
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