Cintas Corporation Stock Intrinsic Value – CINTAS CORPORATION Reports Q2 FY2024 Earnings Results
January 3, 2024
🌥️Earnings Overview
CINTAS CORPORATION ($NASDAQ:CTAS) announced their financial results for the second quarter of FY2024, which ended on November 30 2023. Their total revenue increased to USD 2377.2 million, a 9.3% rise compared to the same quarter in the previous year. Net income also rose by 15.5% to USD 374.6 million.
Market Price
CINTAS CORPORATION, the international provider of corporate identity uniform programs, recently reported their earnings results for the second quarter of FY2024. On Thursday, CINTAS CORPORATION stock opened at $577.0 and closed at $590.0, a 6.6% rise from the last closing price of 553.7. The jump in stock price marks the highest one-day increase in six months. The increase in stock price is a positive sign for CINTAS Corporation‘s future performance and a testament to their successful quarter. At the same time, CINTAS Corporation announced its strategic plan to expand its global footprint and expand its customer base through new technology and sales initiatives.
The company is also working on initiatives to improve its operational efficiency and reduce costs. With these plans in place, CINTAS Corporation is well-positioned for further growth in the coming quarters. Overall, CINTAS Corporation’s Q2 FY2024 earnings results demonstrate its commitment to providing exceptional services to its customers and investors alike. With a strong financial position and an expanding global footprint, CINTAS Corporation is set to continue its growth trajectory. 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 Stock Intrinsic Value
At GoodWhale, we have conducted an analysis on the wellbeing of CINTAS CORPORATION. Our proprietary Valuation Line has determined that the fair value for a share of CINTAS CORPORATION is around $475.9. However, currently the stock is being traded at $590.0, making it 24.0% overvalued. We believe that investing in CINTAS CORPORATION is currently not a good decision as it may potentially result in a loss. More…
Peers
Cintas Corp is a provider of uniforms and facility services to businesses worldwide. Its competitors are HITO-Communications Holdings Inc, White Fox Ventures Inc, and Nihonwasou Holdings Inc.
– HITO-Communications Holdings Inc ($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 are showing optimism in CINTAS CORPORATION after the company reported their second quarter of FY2024 earnings results. Total revenue rose by 9.3% to USD 2377.2 million, while net income increased 15.5% to USD 374.6 million. This positive news caused the stock price to move up the same day, providing a strong incentive for investors to consider this company for investment purposes. The impressive growth in revenue and net income suggest that this company is in a strong financial position and capable of generating future returns for investors.
