Name: Cintas Corp. (NASDAQ:CTAS) | Enterprise Value (EV)
Creator: Stock Analysis on Net

Current EV
Historical EV

Cintas Corp., current enterprise value calculation

Current share price (P)	$192.65
No. shares of common stock outstanding	403,543,932
US$ in thousands
Common equity (market value)¹	77,742,738)
Add: Preferred stock, no par value, none outstanding (per books)	—)
Total equity	77,742,738)
Add: Debt due within one year (per books)	449,595)
Add: Debt due after one year (per books)	2,025,934)
Total equity and debt	80,218,267)
Less: Cash and cash equivalents	342,015)
Enterprise value (EV)	79,876,252)

Based on: 10-K (reporting date: 2024-05-31).

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 192.65 × 403,543,932

Download chart

Cintas Corp., EV calculation

	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019
Share price^1, 2	$188.71	$126.14	$102.31	$97.59	$76.45	$65.42
No. shares of common stock outstanding¹	403,075,724	406,966,256	404,752,344	411,868,980	413,996,048	409,948,156
US$ in thousands
Common equity (market value)³	76,064,420)	51,334,724)	41,410,212)	40,194,294)	31,649,998)	26,818,808)
Add: Preferred stock, no par value, none outstanding (book value)	—)	—)	—)	—)	—)	—)
Total equity	76,064,420)	51,334,724)	41,410,212)	40,194,294)	31,649,998)	26,818,808)
Add: Debt due within one year (book value)	449,595)	—)	311,574)	899,070)	—)	312,264)
Add: Debt due after one year (book value)	2,025,934)	2,486,405)	2,483,932)	1,642,833)	2,539,705)	2,537,507)
Total equity and debt	78,539,949)	53,821,129)	44,205,718)	42,736,197)	34,189,703)	29,668,579)
Less: Cash and cash equivalents	342,015)	124,149)	90,471)	493,640)	145,402)	96,645)
Enterprise value (EV)	78,197,934)	53,696,980)	44,115,247)	42,242,557)	34,044,301)	29,571,934)

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
= 188.71 × 403,075,724

A consistent and significant expansion in the overall valuation of the organization is evident between May 31, 2019, and May 31, 2024. The enterprise value has grown steadily throughout the period, with a marked acceleration in the final fiscal year.

Market Capitalization Trends: Common equity based on market value increased from approximately 26.8 billion USD in 2019 to 76.1 billion USD in 2024. This trajectory shows sustained growth, with the most significant leap occurring between May 31, 2023, and May 31, 2024, where value increased by approximately 48%.
Enterprise Value (EV) Progression: Enterprise value rose from 29.6 billion USD in 2019 to 78.2 billion USD in 2024. The growth pattern of the EV closely mirrors the increase in market capitalization, indicating that the overall valuation is heavily driven by equity market performance.
Debt and Equity Relationship: The total equity and debt figure grew from 29.7 billion USD in 2019 to 78.5 billion USD in 2024. The narrow variance between the market value of equity and the total equity and debt suggests a relatively stable debt component relative to the aggressive growth of the company's equity value.
Comparative Growth Analysis: Over the six-year period, the enterprise value increased by approximately 164%. The stability of the relationship between total equity and enterprise value indicates that the expansion in valuation is primarily a result of increased market confidence and equity appreciation rather than significant increases in leveraged debt.

AI Ask an analyst for more

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.

How can I help you?

Cintas Corp. (NASDAQ:CTAS)

Enterprise Value (EV)

Current Enterprise Value (EV)

Historical Enterprise Value (EV)