Report
Matthew Young
EUR 100.00 For Business Accounts Only

Cintas Firing on All Cylinders, but Shares Look Rich

In its fiscal fourth-quarter 2019 (ended May), uniform-rental specialist Cintas’ total revenue grew roughly 7.5% organically, ahead of our expectations due to a better-than-expected showing in the fire protection services operations (part of the “all other” division). Core uniform segment organic growth was mostly in line, as the firm continues to exhibit impressive sales execution (with particular strength among services-sector companies outsourcing uniform programs, along with greater penetrat...
Underlying
Cintas Corporation

Cintas is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services. The company's segments are Uniform Rental and Facility Services, which consists of the rental and servicing of uniforms and other garments, including flame resistant clothing, mats, mops and shop towels and other ancillary items; and The First Aid and Safety Services, which consists of first aid and safety products and services.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Matthew Young

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