Cintas Corporation Dossier - Source-backed chat

Cintas Corporation

CTASNASDAQ

SectorIndustrials

IndustryDiversified Support Services

Beta (adjusted)0.93

Intrinsic Value $182.76median of 6 methods · middle span $156-$192based on filings through 28 Feb 2026

Market Price $195.60Price as of 1 Oct 2026

Near fair valueIntrinsic value is 7% below the market price

−50% · IV below pricenear fair value ±15%IV above price · +50%

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Market Cap $78.1B

Enterprise Value $80.3B

Shares Outstanding 406.2M diluted

Moat Rating Wide

Next Earnings Date17 Dec 2026

Last ex-dividend14 Aug 2026

All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference.

Thesis

Street consensus, scenarios, merits, risks, and invalidation triggers

AI-assisted

Thesis Summary

Cintas enters fiscal 2027 with strong organic growth, record fiscal 2026 revenue and operating margin, and management guidance for further revenue and adjusted-EPS expansion. These strengths are balanced by execution, regulatory and integration uncertainty surrounding the pending $5.5 billion UniFirst transaction. A Hold recommendation is appropriate because the operating outlook is favorable.

This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today.

Street view · analyst 12-month targets16 analysts · as of 18 Aug 2026

Low · most bearish analyst$175.00

Mean target$216.31

High · most bullish analyst$250.00

Street targets sit above today's price; our intrinsic value sits below it. Different horizons, different questions.

Our research · scenarios, merits, risks, and invalidation triggersResearch as of 18 Sep 2026

Scenarios · 12-month scenario targetsAnchored at research date

Bear CaseDownside scenario

$175.0020%

Revenue or adjusted EPS falls below management's fiscal 2027 guidance, while regulatory delay, financing costs or integration challenges reduce the timing or value of the proposed UniFirst synergies.

Base CaseCentral scenario

$216.3155%

Matches the consensus mean

Cintas performs within its fiscal 2027 revenue and adjusted-EPS guidance ranges while the UniFirst transaction closes with manageable regulatory conditions and synergies develop gradually.

Bull CaseUpside scenario

$250.0025%

Cintas sustains organic growth near its fiscal 2026 rate, meets or exceeds the upper ends of fiscal 2027 guidance, completes the UniFirst transaction during the stated window and captures a substantial portion of the announced $375 million of operating-cost synergies without disrupting service quality.

Scenarios are anchored to street consensus at the research date, with our probabilities and rationale.

Key Investment Merits

Fiscal 2026 revenue increased 8.9% to $11.26 billion, organic revenue grew 8.3%, and operating margin reached 23.1%.
Management expects fiscal 2027 revenue of $12.10-$12.25 billion and adjusted diluted EPS of $5.36-$5.50 before effects from the proposed UniFirst acquisition.
Cintas expects the UniFirst transaction to generate approximately $375 million of operating-cost synergies within four years and become EPS-accretive by the end of the second full year after closing.

Key Investment Risks

Cintas and UniFirst received a second request from the Federal Trade Commission, leaving transaction timing and regulatory conditions uncertain.
The $5.5 billion cash-and-stock UniFirst transaction introduces integration, financing, dilution and synergy-realization risks.
Fiscal 2027 guidance excludes the proposed acquisition, future acquisitions, future share repurchases, significant economic disruption and non-recurring UniFirst transaction costs.

All scenarios are estimates and subject to change. Past performance is not indicative of future results.

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Explore this dossier

ValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework.