Unifirst Corporation Intrinsic Value Calculation – Comerica Bank Invests Big in UniFirst Corporation with $22.26 Million Investment
December 26, 2023
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UNIFIRST ($NYSE:UNF): UniFirst Corporation is a leader in the uniform and workwear service industry. Recently, UniFirst Corporation has received a substantial financial investment from Comerica Bank. The $22.26 million investment will help strengthen the company’s balance sheet and provide greater financial flexibility to further support its growth initiatives. The investment is expected to help the company expand its customer service, product offering, and geographic reach.
This investment further solidifies UniFirst Corporation’s position in the uniform and workwear service industry. With this new injection of capital, UniFirst is better placed to compete with industry leaders and bring more value to their customers. Comerica Bank’s investment also shows that it is committed to supporting UniFirst’s long-term success.
Price History
On Tuesday, UNIFIRST CORPORATION stock opened at $181.9 and closed at $182.6, representing a 1.3% increase from the previous closing price of 180.3. This is Comerica Bank’s second investment in UNIFIRST CORPORATION, and is seen as a sign of confidence from the financial institution. Analysts believe the move was made as Comerica Bank sees potential for growth in the company as they continue to expand their services and product offerings. While the investment will certainly assist UNIFIRST CORPORATION in developing their business, the long-term success of the company remains uncertain. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Unifirst Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 2.23k | 103.67 | 4.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Unifirst Corporation. More…
| Operations | Investing | Financing |
| 215.76 | -487.65 | -25.84 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Unifirst Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.57k | 566.01 | 107.19 |
Key Ratios Snapshot
Some of the financial key ratios for Unifirst Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.4% | -8.2% | 6.0% |
| FCF Margin | ROE | ROA |
| 2.0% | 4.2% | 3.2% |
Analysis – Unifirst Corporation Intrinsic Value Calculation
At GoodWhale, we have taken a deep dive into the key fundamentals of UNIFIRST CORPORATION to provide an accurate assessment of the company’s stock value. After analyzing a wide range of data points including financials, earnings forecasts, and other relevant metrics, we have calculated the intrinsic value of UNIFIRST CORPORATION’s shares to be around $217.2 with our proprietary Valuation Line. Currently, UNIFIRST CORPORATION’s stock is trading at $182.6. Based on our analysis, this is a fair price that is 15.9% undervalued. We believe that investors should take advantage of this opportunity and consider investing in UNIFIRST CORPORATION shares at this time. More…
Peers
Its main competitors are Johnson Service Group PLC, Target Hospitality Corp, and Servizi Italia SpA.
– Johnson Service Group PLC ($LSE:JSG)
The company’s market cap is 421.43M as of 2022, a Return on Equity of 6.15%. The company provides engineering and technical services to customers in the UK, US, Canada, and Australia. It also provides support services to the UK Ministry of Defence.
– Target Hospitality Corp ($NASDAQ:TH)
Hospitality Corp is a leading provider of hospitality services. It has a market cap of 1.13B and a ROE of 43.39%. The company operates in the hotel, restaurant, and tourism industries. Hospitality Corp provides a wide range of services including hotel management, food and beverage management, event planning, and marketing. The company has a strong presence in the United States, Europe, Asia, and the Middle East.
– Servizi Italia SpA ($LTS:0NJ3)
Servizi Italia SpA is a holding company that provides services in the information and communication technology, environmental, and energy sectors in Italy and internationally. The company was founded in 2003 and is based in Rome, Italy. Servizi Italia SpA operates as a subsidiary of Telecom Italia S.p.A.
Summary
UniFirst Corporation, a Massachusetts-based clothing and uniforms manufacturer, recently received a $22.26 million investment from Comerica Bank. This investment comes as the company is undergoing a period of growth and expansion. Investors should consider several factors when evaluating UniFirst’s stock, including the company’s financial performance, competitive position, and management’s expertise. UniFirst has a strong competitive position, with a wide array of products and services in the uniform and apparel markets.
Management at UniFirst is highly experienced and knowledgeable, with a proven track record of successful growth. Overall, UniFirst is a well-positioned company with strong financials and experienced management; however investors should be aware of the risks associated with its high valuation.
