<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2020/09/132249223-s-740x416.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2020/09/132249223-s-740x416.jpg"/></p>
<p>Cintas（CTAS）股價在過去幾十年表現良好，表現優於標普 500 指數和大多數公司。今年上漲超過 35%，過去五年上漲超過 225%。此外，過去十年上漲超過 1130%，使其市值超過 820 億美元。</p>
<h2>市場份額強勁</h2>
<p>Cintas 是一家大多數美國人從未聽説過的公司，因為它是一家面向企業的組織。</p>
<p>它是最大的工作制服提供商之一，這些制服主要用於醫療保健、遊戲、酒店、汽車和教育等行業。它向福特、通用汽車、希爾頓和萬豪等公司提供製服。</p>
<p>除了制服，Cintas 還提供急救和安全用品、清潔服務、衞生間用品、培訓和合規性以及防護服裝等解決方案。</p>
<p>這些是大多數美國和其他國家公司需要的非常重要的服務。其主要優勢在於公司很少更換供應商，這意味着它向一些公司提供這些服務已有幾十年。</p>
<p>制服租賃業務是其最大業務，2023 年收入超過 74.5 億美元。其次是急救和安全服務，當年收入超過 10.6 億美元。其他服務帶來超過 10 億美元的收入。</p>
<p>儘管過去幾年增長速度較慢，但 Cintas 的業務一直在增長。其年收入從 2019 年的 56 億美元增長到 2023 年的 74 億美元。同時，淨利潤從 8.76 億美元增長到同期的超過 15.7 億美元。</p>
<h2>Cintas 盈利前景</h2>
<p>Cintas 股票的下一個重要催化劑將是其定於 9 月 25 日公佈的季度收益。這些數字將更詳細地説明業務的表現以及今年的預期。</p>
<p>最近的第四季度結果顯示，其收入從 2023 年同期的 228 億美元增至約 247 億美元。其有機增長率約為 7.5%，對於一個存在數十年的公司來説，這是一個不錯的增長率。</p>
<p>Cintas 還在提高利潤率，毛利率為 48%，高於行業中位數的 31%。其淨利潤率為 16.38%，高於行業中位數的 6.5%。</p>
<p>在財政年度中，其淨利潤佔收入的比例達到歷史最高水平。公司還為該年度提供了強勁的前瞻指引。預計其收入將在 101.6 億美元至 103.1 億美元的範圍內，高於去年的 95.6 億美元。</p>
<p>分析師預計第一季度收入將達到 25 億美元，高於去年同期的 23.8 億美元。每股收益為 0.95 美元，高於去年的 92 美分。</p>
<p>這些數字可能顯示該公司仍在增長，這一趨勢可能在美聯儲開始降息後加速。</p>
<p>最重要的是，該公司繼續回購其股票，這使得 2020 年超過 4.2 億股的流通股數降至今天的 4.05 億股。</p>
<p>閲讀更多：這 4 只被低估的股票可能是 2024 年下半年的隱藏寶石</p>
<h2>估值問題仍然存在</h2>
<p>Cintas 最大的問題是它並不便宜。這家公司在上一個財政年度實現了 15 億美元的淨利潤，市值超過 840 億美元。</p>
<p>SeekingAlpha 的數據顯示，Cintas 的滾動市盈率為 53.20，前瞻倍數為 48。行業中位數分別為 20.2 和 19.8，這意味着它的溢價超過 140%。</p>
<p>Cintas 的企業價值與息税折舊攤銷前利潤比率為 31，高於行業中位數的 11.6，而其市淨率為 17，也高於行業平均水平。</p>
<p>觀察一家公司的估值的一個好方法是假設您以當前的 840 億美元估值購買它。假設沒有顯著增長，53 的市盈率意味着您需要這麼多年才能實現盈利。這解釋了為什麼平均分析師估計為 192 美元，而當前為 203 美元。</p>
<h2>Cintas 股價分析</h2>
<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/09/Cintas-stock.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/09/Cintas-stock.png"/></p>
<p>轉向周線圖，我們看到 Cintas 股價一直處於強勁的牛市，並穩定在 203 美元。它已大幅超過 50 周和 100 周移動平均線，分別為 166 美元和 146 美元。</p>
<p>該股票已經嚴重超買，相對強弱指數（RSI）飆升至 70 以上。因此，儘管牛市可能會繼續，但在收益後可能會出現輕微回調。</p>
<p>文章來源：Invezz</p>

信達思

<p>Cintas（CTAS）股票今年上漲超過 35%，過去五年上漲超過 225%，表現優於標普 500 指數。該公司是一家主要提供工作制服和安全解決方案的供應商，計劃於 9 月 25 日公佈季度財報。儘管業績增長和利潤率強勁，但 Cintas 面臨估值擔憂，其市盈率為 53.20，明顯高於行業中位數。分析師預計第一季度收入將超過去年的數據，但目前該股被認為是超買狀態</p>

<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2020/09/132249223-s-740x416.jpg" alt="" original-src="https://ik.imagekit.io/invezz/uploads/2020/09/132249223-s-740x416.jpg"/></p>
<p>Cintas (CTAS) stock price has done well in the past decades, outperforming the S&amp;P 500 index and most companies. It has risen by over 35% this year and by over 225% in the last five years. Also, it has jumped by over 1,130% in the last decade, helping it push its market cap to over $82 billion.</p>
<div class="lb-trans"><p>Cintas（CTAS）股價在過去幾十年表現良好，表現優於標普 500 指數和大多數公司。今年上漲超過 35%，過去五年上漲超過 225%。此外，過去十年上漲超過 1130%，使其市值超過 820 億美元。</p>
</div><h2>Strong market share</h2>
<div class="lb-trans"><h2>市場份額強勁</h2>
</div><p>Cintas is a company that most Americans have never heard about because it is a business-to-business organisation.</p>
<div class="lb-trans"><p>Cintas 是一家大多數美國人從未聽説過的公司，因為它是一家面向企業的組織。</p>
</div><p>It is one of the biggest providers of work uniforms, which are mostly used in industries like healthcare, gaming, hospitality, automotive, and education. It provides its uniforms to companies like Ford, General Motors, Hilton, and Marriott.</p>
<div class="lb-trans"><p>它是最大的工作制服提供商之一，這些制服主要用於醫療保健、遊戲、酒店、汽車和教育等行業。它向福特、通用汽車、希爾頓和萬豪等公司提供製服。</p>
</div><p>In addition to uniforms, Cintas also provides solutions like first aid and safety supplies, janitorial services, restroom supplies, training and compliance, and protective apparel.</p>
<div class="lb-trans"><p>除了制服，Cintas 還提供急救和安全用品、清潔服務、衞生間用品、培訓和合規性以及防護服裝等解決方案。</p>
</div><p>These are highly important services that are needed by most companies in the US and other countries. Its main benefit is that companies rarely change their suppliers, which means that it has been providing these services to some companies for decades.</p>
<div class="lb-trans"><p>這些是大多數美國和其他國家公司需要的非常重要的服務。其主要優勢在於公司很少更換供應商，這意味着它向一些公司提供這些服務已有幾十年。</p>
</div><p>The uniform rental business is its biggest one, generating over $7.45 billion in 2023. It is followed by its first aid and safety services, which brought in over $1.06 billion in revenues during the year. The other services make it over $1 billion.</p>
<div class="lb-trans"><p>制服租賃業務是其最大業務，2023 年收入超過 74.5 億美元。其次是急救和安全服務，當年收入超過 10.6 億美元。其他服務帶來超過 10 億美元的收入。</p>
</div><p>Cintas’ business has been growing, albeit at a slow pace in the past few years. Its annual revenue has grown from over $5.6 billion in 2019 to over $7.4 billion in 2023. At the same time, the net profit rose from $876 million to over $1.57 billion in the same period.</p>
<div class="lb-trans"><p>儘管過去幾年增長速度較慢，但 Cintas 的業務一直在增長。其年收入從 2019 年的 56 億美元增長到 2023 年的 74 億美元。同時，淨利潤從 8.76 億美元增長到同期的超過 15.7 億美元。</p>
</div><h2>Cintas earnings ahead</h2>
<div class="lb-trans"><h2>Cintas 盈利前景</h2>
</div><p>The next important catalyst for Cintas stock will be its quarterly earnings scheduled for September 25. These numbers will provide more color on how the business is doing and what to expect this year.</p>
<div class="lb-trans"><p>Cintas 股票的下一個重要催化劑將是其定於 9 月 25 日公佈的季度收益。這些數字將更詳細地説明業務的表現以及今年的預期。</p>
</div><p>The most recent Q4 results showed that its revenue rose to about $2.47 billion, up from $2.28 billion in the same period in 2023. Its organic growth was about 7.5%, which is a good rate for a company that has been around for decades.</p>
<div class="lb-trans"><p>最近的第四季度結果顯示，其收入從 2023 年同期的 228 億美元增至約 247 億美元。其有機增長率約為 7.5%，對於一個存在數十年的公司來説，這是一個不錯的增長率。</p>
</div><p>Cintas has also been growing its margins, with the gross figure being 48% against the industry median of 31%. Its net income margin was 16.38%, higher than the industry’s median of 6.5%.</p>
<div class="lb-trans"><p>Cintas 還在提高利潤率，毛利率為 48%，高於行業中位數的 31%。其淨利潤率為 16.38%，高於行業中位數的 6.5%。</p>
</div><p>For the financial year, its net income as a percentage of revenue jumped to a record high. The company also provided a robust forward guidance for the year. It expects that its revenue will be in the range of $10.16 billion and $10.31 billion, higher than the $9.56 billion it made last year.</p>
<div class="lb-trans"><p>在財政年度中，其淨利潤佔收入的比例達到歷史最高水平。公司還為該年度提供了強勁的前瞻指引。預計其收入將在 101.6 億美元至 103.1 億美元的範圍內，高於去年的 95.6 億美元。</p>
</div><p>Analysts expect the first quarter revenues to come in at $2.5 billion, higher than the $2.38 billion it made in the same period last year. Its earnings per share of $0.95 will be higher than the 92 cents it made last year.</p>
<div class="lb-trans"><p>分析師預計第一季度收入將達到 25 億美元，高於去年同期的 23.8 億美元。每股收益為 0.95 美元，高於去年的 92 美分。</p>
</div><p>These numbers will likely show that the company is still growing, a trend that could accelerate now that the Fed has started to cut interest rates.</p>
<div class="lb-trans"><p>這些數字可能顯示該公司仍在增長，這一趨勢可能在美聯儲開始降息後加速。</p>
</div><p>Most importantly, the company has continued to repurchase its stock, which has dropped the number of outstanding shares from over 420 million in 2020 to 405 million today.</p>
<div class="lb-trans"><p>最重要的是，該公司繼續回購其股票，這使得 2020 年超過 4.2 億股的流通股數降至今天的 4.05 億股。</p>
</div><p>Read more: These 4 undervalued stocks could be hidden gems of H2 2024</p>
<div class="lb-trans"><p>閲讀更多：這 4 只被低估的股票可能是 2024 年下半年的隱藏寶石</p>
</div><h2>Valuation concerns remain</h2>
<div class="lb-trans"><h2>估值問題仍然存在</h2>
</div><p>The biggest concern for Cintas is that it is not a cheap company. This is a firm that made a net profit of $1.5 billion in the last financial year with a market cap of over $84 billion.</p>
<div class="lb-trans"><p>Cintas 最大的問題是它並不便宜。這家公司在上一個財政年度實現了 15 億美元的淨利潤，市值超過 840 億美元。</p>
</div><p>Data by SeekingAlpha shows that Cintas has a trailing P/E ratio of 53.20 and a forward multiple of 48. The industry median is 20.2 and 19.8, meaning that it is trading at a premium of over 140%.</p>
<div class="lb-trans"><p>SeekingAlpha 的數據顯示，Cintas 的滾動市盈率為 53.20，前瞻倍數為 48。行業中位數分別為 20.2 和 19.8，這意味着它的溢價超過 140%。</p>
</div><p>Cintas also has an EV-to-EBITDA ratio of 31, higher than the industry median of 11.6 while its price-to-book ratio of 17 is also higher than the industry average.</p>
<div class="lb-trans"><p>Cintas 的企業價值與息税折舊攤銷前利潤比率為 31，高於行業中位數的 11.6，而其市淨率為 17，也高於行業平均水平。</p>
</div><p>A good way to look at a company’s valuation is to assume that you buy it at the current valuation of $84 billion. Assuming no significant growth a P/E ratio of 53 means that it would take you these years to become profitable. This explains why the average analyst’s estimate is $192 against the current $203.</p>
<div class="lb-trans"><p>觀察一家公司的估值的一個好方法是假設您以當前的 840 億美元估值購買它。假設沒有顯著增長，53 的市盈率意味着您需要這麼多年才能實現盈利。這解釋了為什麼平均分析師估計為 192 美元，而當前為 203 美元。</p>
</div><h2>Cintas stock price analysis</h2>
<div class="lb-trans"><h2>Cintas 股價分析</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/09/Cintas-stock.png" alt="" original-src="https://ik.imagekit.io/invezz/uploads/2024/09/Cintas-stock.png"/></p>
<p>Turning to the weekly chart, we see that the Cintas share price has been in a strong bull run and is sitting at $203. It has moved significantly above the 50-week and 100-week moving averages, which are at $166 and $146, respectively.</p>
<div class="lb-trans"><p>轉向周線圖，我們看到 Cintas 股價一直處於強勁的牛市，並穩定在 203 美元。它已大幅超過 50 周和 100 周移動平均線，分別為 166 美元和 146 美元。</p>
</div><p>The stock has become highly overbought, with the Relative Strength Index (RSI) soaring to over 70. Therefore, while the bull run may continue, there is a likelihood that it will pull back slightly after earnings.</p>
<div class="lb-trans"><p>該股票已經嚴重超買，相對強弱指數（RSI）飆升至 70 以上。因此，儘管牛市可能會繼續，但在收益後可能會出現輕微回調。</p>
</div><p>The post Cintas stock gets overbought and overvalued ahead of earnings appeared first on Invezz</p>
<div class="lb-trans"><p>文章來源：Invezz</p>
</div>

信達思股票在財報發佈前被超買且估值過高