회사 개요
Cintas Corporation is a leading provider of corporate identity uniforms, fire extinguishers, and related business services operating primarily across the United States, Canada, and Latin America. The company functions within the Industrials sector, specifically the Specialty Business Services industry, which denotes its focus on offering specialized operational support rather than manufacturing core consumer goods. With a substantial market capitalization of $69.68B and annual revenue reaching $11.03B, Cintas employs a workforce of 48,300 individuals to execute its business model. These financial figures indicate that the company commands a significant position in its industry, reflecting a mature enterprise with deep market penetration and the ability to generate substantial capital resources relative to its operational scale.
재무 건전성
The company reported total revenue of $11.03B and net income of $1.93B over the trailing twelve months, while EBITDA stood at $2.90B. The gap between the $11.03B revenue and $1.93B net income reveals a cost structure where operating expenses, including cost of goods sold and administrative costs, consume approximately 82.4% of top-line sales before reaching the bottom line. Free cash flow generated amounts to $1.51B, which signifies robust financial flexibility allowing the firm to fund operations, service debt, or pursue strategic initiatives without relying heavily on external equity financing. Profitability is measured across three key margins: a gross margin of 50.4%, an operating margin of 23.2%, and a profit margin of 17.6%, indicating that the company retains more than half of its revenue as gross profit and maintains a healthy spread between operating expenses and earnings. The balance sheet shows $183.20M in cash against $2.92B in total debt, resulting in a debt-to-equity ratio of 60.94, which suggests a leveraged balance sheet where debt obligations exceed equity capital but are managed within a specific risk profile. Short-term liquidity is supported by a current ratio of 1.98, indicating that current assets are nearly double current liabilities and providing a comfortable buffer against short-term obligations. Management effectiveness is highlighted by a return on equity of 41.3% and a return on assets of 15.9%, demonstrating highly efficient capital deployment and asset utilization relative to the invested base.
밸류에이션 평가
Valuation metrics show a trailing P/E ratio of 36.74 compared to a forward P/E of 32.10, implying that the market expects earnings growth sufficient to bridge the gap between current profitability and future projections. The price-to-book ratio stands at 14.55, indicating that the market values the company at a significant premium above its book value, reflecting intangible assets or growth prospects not fully captured on the balance sheet. Alternative valuation measures include a price-to-sales ratio of 6.32 and an EV/EBITDA of 24.94, which provide context on how investors price revenue generation and operating cash flow relative to peer averages. Price momentum is analyzed within a 52-week range of $165.60 to $229.24, and while the exact current price is not listed, the trading band suggests volatility within a $63.64 spread that defines the recent market sentiment. The stock exhibits a beta of 1.01, meaning its price volatility moves in near-perfect correlation with the broader market, offering investors a proxy for general market exposure with minimal idiosyncratic risk.
Growth & Income
Revenue growth is recorded at 8.9% year-over-year, while earnings growth reaches 9.7% year-over-year, indicating that profitability is expanding at a faster pace than top-line sales. This divergence suggests potential leverage in the cost structure or pricing power that allows net income to outperform revenue expansion. As a consistent dividend payer, Cintas offers a dividend yield of 1.0% with a payout ratio of 36.7%, a level that appears sustainable given the strong earnings generation and free cash flow production. The combination of double-digit profitability growth and a moderate payout ratio highlights a strategy that balances shareholder returns with capital retention for future growth initiatives.