Enterprise Value (EV)
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Cintas Corp. pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Assets
- Cash Flow Statement
- Common-Size Income Statement
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
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Current Enterprise Value (EV)
Cintas Corp., current enterprise value calculation
| Current share price (P) | |
| No. shares of common stock outstanding | |
| US$ in thousands | |
| Common equity (market value)1 | |
| Add: Preferred stock, no par value, none outstanding (per books) | |
| Total equity | |
| Add: Debt due within one year (per books) | |
| Add: Debt due after one year (per books) | |
| Total equity and debt | |
| Less: Cash and cash equivalents | |
| Enterprise value (EV) | |
Based on: 10-K (reporting date: 2024-05-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
Cintas Corp., EV calculation
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Cintas Corp. Annual Report.
3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
The financial data reveals a consistent upward trend in several key valuation metrics across the reported periods.
- Common Equity (Market Value) and Total Equity
- Both common equity and total equity figures show a steady increase year over year. Beginning at approximately 26.8 billion US dollars in May 2019, these values rose significantly to around 76.1 billion US dollars by May 2024. This growth indicates a sustained enhancement in shareholders' equity value, suggesting strengthening financial robustness or improved market perception over the six-year span.
- Total Equity and Debt
- This combined measure follows a similar upward trajectory from roughly 29.7 billion US dollars in May 2019 to approximately 78.5 billion US dollars in May 2024. The increase reflects an expansion in the company’s capital base, incorporating both equity and debt financing components, which may imply increased investments or growth initiatives supported through a mix of funding sources.
- Enterprise Value (EV)
- The enterprise value also demonstrates a continuous rise, moving from about 29.6 billion US dollars in May 2019 to nearly 78.2 billion US dollars in May 2024. The EV closely mirrors the growth pattern observed in total equity and debt, reinforcing the narrative of overall business expansion and increased valuation by the market.
The parallel progression across these metrics suggests effective scaling of the company's capital structure and market valuation. The marked increases especially in the last two years leading up to 2024 highlight accelerated growth or value realization. No interruptions or declines are visible, indicating stability and positive momentum in the financial standing during the periods analyzed.