On Wednesday, September 24has $CTAS (-0,39%)
Cintas published its figures for the first quarter of the 2026 fiscal year - and delivered solid results:

• GAAP EPS: $1.20 per share - in line with expectations
• Revenue: $2.72bn (+8.7% YoY) - $20m above consensus
• Organic growth: 7,8 %
• Acquisitions: remaining share of growth

Operationally strong:

• Gross profit: $1.37 bn (+9 %), gross margin +20 bps to 50,3 %
• Operating profit: $617.9m (+2.5%), operating margin 22,7 % (previous year: 22.4 %)
• Net result: $491.1m - +9.1 % EPS growth

Drivers of growth:

• Core segments: Uniform Rental & Facility Services continue to deliver the majority of sales. Particularly strong: First Aid & Safety and Fire Protection due to recurring demand.
• Acquisitions: Increase customer density, cross-selling opportunities and reach.
• Efficiency improvements: SAP, auto-sorting in the plants and the SmartTruck system ensure lower costs and higher productivity.

Risks at a glance:

• Integration risks: Synergies from acquisitions could be lower than planned.
• Inflation: Higher wages, energy and transportation costs can weigh on margins.
• Competition & customer side: Price increases could deter customers or lead to lower-margin products.

Outlook raised:

• Sales: $11.06 - $11.18 bn (old: $11.00 - $11.15 bn)
• EPS: $4.74 - $4.86 (old: $4.71 - $4.85)

The forecast takes into account no further share buybacks or acquisitions and and assumes stable exchange rates.

The valuation:

• The share is currently valued at a price/free cash flow ratio (P/FCF) of of 46,88x traded. For comparison: The 5-year average is 38,34xthe 10-year average is 35,14x - well above the average.
• The forward P/E ratio looks more exciting: At 37,95x it is below the 5-year average of 39.11x and close to the 10-year average of 31.53x.

This shows that The share is currently fairly valued to slightly overvalued - but by no means cheap. It can therefore remain attractive for long-term investors

💡 Conclusion:

Cintas is once again delivering strong sales and earnings growth with a rising margin - a sign of efficient processes and a robust business model. The share price has risen by around 8 % since Decemberbut still not cheap. Investors can look forward to a solid quality company - but newcomers should look for a more attractive entry point.

My Youtube channel for more stock analysis: www.youtube.com/@Verstehdieaktie

September 24, 2025

Earnings 1 quarter 2026

Sales 2.72 billion dollars ️ 8.7%

Net profit 491.1 million $ ️ 8.7%

EPS 1.20$ ️ 9.1%

https://www.cintas.com/newsroom/details/news/2025/09/24/cintas-corporation-announces-fiscal-2026-first-quarter-results/

A lot has happened in my portfolio again in recent weeks. In addition to a few sales (including $GOOGL (-0,69%) and $NVDA (-0,81%)) from hot sectors, I have built up cash and diversified further ($CMG (+3,62%)
$SNPS, (-1,02%)
$BRO (+1,47%)
$AMGN (-0,52%)
$LSEG (-1,23%)). Further acquisitions and new entries (e.g. $INTU (+0,53%)
$ADP (+0,01%)
$WM (+1,06%)
$CTAS (-0,39%)
$RMS (+0,42%)) are planned. As short- to medium-term trades, I have invested in $Adobe (-1,57%) and $TTD (+0,78%) as short to medium-term trades. I mainly invest for the long term, but a correction (technology, cloud) including sector rotation (consumer, pharma, software) seems inevitable to me. I am therefore taking a wait-and-see approach and, if necessary, I will reenter $GOOGL (-0,69%) and $NVDA (-0,81%) again at the appropriate time.

Please let me know what you think.

I will probably share future updates with you every two months at the beginning of the month (November, January,...).

I wish you all a successful time.

📈 Performance:

S&P500: +1.51%

MSCI World: +1.76%

DAX: +2.59%

Dividend portfolio: +4.24%

My high and low performers in July were (top/flop 3):

🟢 $UNH (+1,61%) UnitedHealth +16.78%

🟢 $ADM (+1,83%) Archer Daniels Midland +12.33%

🟢 $8058 (-0,16%) Mitsubishi Corp. +12.05%

🔴 $LLY (+2,16%) Eli Lilly -5.99%

🔴 $MSFT (-0,08%) Microsoft -7.51%

🔴 $CTAS (-0,39%) Cintas -9.20%

Dividends:

August 2025: €129.54

August 2024: € 101.41

Change: +27.74% 🥒

Sales:

🟥 $7974 (-0,56%) Nintendo (6 pcs.) +100%

Purchases:

🟩 $PG (-0,17%) Procter & Gamble (4 pcs.)

Savings plans:

• ($CTAS (-0,39%) ) Cintas (50€)
• ($MC (+1,65%) ) LVMH (50€)
• ($MSFT (-0,08%) ) Microsoft (25€)

What else has happened?

The tax assessment notice has arrived and the back payment has increased to 4100€. Funnily enough (typical for Germany), the advance payment is calculated on the basis of this year. As everything seems to run automatically, nobody checks whether this makes sense. In any case, the tax office assumes that I will have to pay the same amount again next year (or more) and tells me that I should pay €6500 in advance. Of course, I'm now asking for a recalculation. But that's a lot of work again, which could have been avoided if someone had just looked over it. Then they would have seen that this was a one-off. Well, what else do I expect these days.

The appointment at the garage has been arranged for the beginning of September. Let's see what else is in store for me.

I'm going on vacation at the end of September. That will be necessary again. My last vacation was around Christmas last year.

🥅 Goals for 2025:

Deposit of €10,000 and thus a deposit volume in the share portfolio of ~€73,000

Target achievement at the end of August 2025: 60.58%

How was your August?

If you liked the report and would like to read more, feel free to follow me,

If you're not interested, you can keep scrolling or use the block function.

At the end of July, I made the decision to break up my portfolio. This is just a visual change, but it will take me back below 100,000 euros.

What did I do?

I decided to split my portfolio into three parts. Of course, as I said, this is only a visual change. But it allows me to make a somewhat more concrete evaluation.

But first, as usual, let's take a look at the S&P500:

For once, the S&P500 was up almost continuously in July. There was only a dip at the end of August. The main reason for the rise was the regulated tariffs.

In my opinion, the stock market reacts very quickly and very positively to any regulations, which, as we all know, can also be quickly discarded.

In the end, the S&P500 gained +3.97% (USD). In EUR terms, it is even up 6.1%.

Now let's move on to my new portfolio allocation. For the time being, nothing has changed in terms of positions. However, I have turned one portfolio into three or simply sorted things out.

On the one hand, of course, I have my share portfolio, which also serves as a review here.

Secondly, I have taken out my XEON. It's still running, of course, because that's the money that will be used to pay off the loan in five years' time. I don't need to keep that in retrospect.

I have also created a "pension portfolio". This contains my ETFs, which I save a total of €650 per month. This doesn't need to be included in the review either, as the savings plans are running there and there shouldn't be any changes until retirement.

What remains is my share portfolio, which contains the individual shares and gold.

As you can see, my performance is +1.45%.

The S&P500 has massively outperformed me here. At the same time, the MSCI World has also risen by 4.4%. Over the year as a whole, my portfolio is now down -1.7%, while the MSCI World is still down -2.7%. The S&P is even at -4.1%

Only the DAX is still outperforming everyone. Over the year, it is now up +17.7%.

My high and low performers in July were (top 3):

Tractor Supply ($TSCO (-0,94%) )+15,85%

British American Tobacco ($BATS (-1,02%) ) +15,59%

Ping An insurance ($2318 (-1,34%) ) +13,52%

Nestlé ($NESN (-0,39%) ) -9,32%

Nintendo ($7974 (-0,56%) ) -11,07%

United Health ($UNH (+1,61%) ) -16,29%

Dividends:

In July, I received €56.87 net from a total of 8 distributions.

Compared to July 2024 (€74.17), this was a reduction of 23.32%.

The difference is due to the fact that Ping An already paid in June this year.

Due to my new portfolio allocation, I have excluded the ETF dividends in each case and therefore the dividend is now of course also visually much lower. The dividends received in the bond portfolio flow 1:1 back into the ETFs.

Investments:

The bill for the car has finally arrived. It amounts to around €1200. Of course, that sets me back enormously. But the worst is yet to come.

The tax was due on 31.07. Well, I was already aware that I had to pay it. However, the sum amounts to €4,000 in arrears. But where does that come from? My old employer paid me a special payment from the old year (i.e. 2023), which was untaxed except for the pension contributions. I got away with it and of course I have to pay an enormous amount as a result. This is also deducted from my nest egg, which makes it worthwhile to have a nest egg.

This means I'm starting almost from scratch again with my nest egg. However, the inspection is due next month at the latest, including an oil change and possibly a brake change.

That would probably use up the nest egg completely. If the brakes don't need to be changed, I can also use the coffee money.

Let's see what August or September at the latest brings.

Buying and selling:

There were no sales in July either.

I added to Gladstone Invest ($GAIN (-0,73%) ) (150 shares) and Hercules Capital ($HTGC (-1,31%) ) (14.45 shares)

savings plans (125€ in total):

• Cintas ($CTAS (-0,39%) )
• LVMH ($MC (+1,65%) )
• Microsoft ($MSFT (-0,08%) )

Goals 2025:

I have to change my targets slightly - together with the portfolio. Overall, the €130,000 at the end of the year will remain, but this target will of course be made smaller and the focus will only be on the dividend portfolio.

To be honest, I haven't thought about the target there yet.

Target achievement at the end of July 2025 (in relation to the €130,000): 58.33%

How was your July?

What else would be of interest or what could I do better in the review?

If you liked the report and would like to read more, feel free to follow me,

If you're not interested, you can keep scrolling or use the block function.

• $CTAS (-0,39%) Source: Reuters.com
• Cintas Corp reported adjusted quarterly earnings of $1.09 per share for the quarter ended May 31, up from the year-ago quarter in which the company reported EPS of $1.00. The average expectation of sixteen analysts for the quarter was earnings of 1.07 dollars per share. Wall Street expected earnings between $1.05 and $1.09 per share.
• Revenue rose 8 percent from a year earlier to $2.67 billion; analysts had expected $2.63 billion.
• Cintas Corp's reported EPS for the quarter was $1.09.
• The company reported quarterly net income of $448.26 million.
• Shares of Cintas Corp fell 4.0% this quarter and are up 17.1% so far this year.

I have already bought one share (a few days ago) and will buy more if there is another setback. One is earmarked for the community portfolio and the other is far too expensive for me, but it's a damn good performer. Take a look at the video 3 Aktien, die JETZT spannend sind: Alibaba, Daikin & Cintas im Check! - YouTube or the report on my financial blog. http://bit.ly/FA_Lounge

$6367 (+1,72%)
$BABA (-0,87%)
$CTAS (-0,39%)

Have a great Sunday and looking ahead to tomorrow... stay calm.

Best regards,

Angelo from Finanzen Anders

Annotation:

The majority of the GQ community is really great.

Unfortunately, there are a few "mimimis", "sheriffs", "bored", "envious", etc. who complain that I include links to my respective YouTube video.

It just so happens that my main channel is YouTube. I'm not going to write huge treatises and post them here when I can do the whole thing in short videos.

I would like to offer this link as a service to anyone who is interested:

Everyone else, you are free people, you don't have to get upset, attack me, etc. - block me and enjoy your life.

3 Aktien, die JETZT spannend sind: Alibaba, Daikin & Cintas im Check! - YouTube

Half of the year is now over. Incidentally, since July 2, we are closer to the year 2050 than to the year 2000 - just saying.

How could it be otherwise, June was also quite volatile in the middle, but the S&P500 regained everything and closed June with +2.12%. YTD, however, it is still at -7.36%.

In June, I recorded a loss of 0.32%. This corresponds to a value of around €380. It has to be said that I received fewer dividends, as getquin does not deduct withholding tax. But more about the dividends later.

The Dax (-1.11%) was finally worse than my portfolio this month. However, the HSBC MSCI World (+0.68%) beat me this time. Well, the DAX still has a bit of a head start. However, the MSCI is catching up considerably over the year. Nevertheless, I still have a slight lead of around 4%.

My high and low performers in June were (top 3):

Nintendo ($7974 (-0,56%) ) +14,96%

Airbus ($AIR (+0,85%) ) +9,91%

Texas Instruments ($TXN (-0,95%) ) +9,63%

McDonald's ($MCD (-0,11%) ) -9,24%

Procter & Gamble ($PG (-0,17%) ) -9,63%

Nestle ($NESN (-0,39%) ) -10,17%

Texas Instruments $TXN (-0,95%) is among the top 3 stocks again. But still only just over 0% for the year. The customs hullabaloo has simply taken its toll.

Airbus $AIR (+0,85%) is of course benefiting from the Boeing disaster and the defense division is also doing quite well.

Nintendo $7974 (-0,56%) has finally released the Switch 2 and is rising and rising and rising. I would have bought more six months ago... You're always smarter afterwards.

Dividends:

In June, I received €277.64 net from a total of 26 distributions.

Compared to June 2024 (€130.83), this was an increase of 112.21%.

Now comes July. The announcement of the distribution from the Global Dividend Growth ETF is not quite as bad as expected. The worst month of the year has thus changed to October.

Investments:

I still haven't finished building up my nest egg. I still haven't received the bill for the car repairs, so I still have a lot to put aside for that. In the meantime, it could come slowly so that I can finally get it off my plate. Apart from that, my nest egg is growing but it will take some time before it is at a satisfactory level. However, it should reach €10,000 by the end of December, provided nothing serious unforeseen happens.

Purchases and sales:

There were no sales in June.

I bought or increased Hershey (2 shares) and Pepsi (2 shares)

savings plans (125€ in total):

• Cintas $CTAS (-0,39%)
• LVMH $MC (+1,65%)
• Microsoft $MSFT (-0,08%)

Goals 2025:

My goal is still to have €130,000 in my portfolio at the end of the year. This target is to be achieved by reinvesting the dividend, making payments and, of course, increasing the share price. The share price increase is of course impossible to predict in any way, so the motto is: if the share price falls or does not rise enough, more cash is needed.

This comes from selling useless stuff on eBay, additional income from e.g. "neighborhood help" etc.

The worse the share price, the more additional cash has to be raised.

Target achievement at the end of June 2025: 44.44%

Who would have thought that I should actually be at least 50%. I'm not, which means I'm lagging a little behind the optimal path again. But what can't be done, can still be done.

How was your June?

Do you have any particular goals for the second half of the year?

If you're interested in a mid-year review from me, please let me know in the comments.

If you liked the report and would like to read more, feel free to follow me,

If you're not interested, feel free to keep scrolling or use the block function.

The fifth month is now over. Somehow just as volatile as the other months, but this time at least in positive territory. The S&P500 has made up some ground, although it is still down YTD.

In May, I recorded a gain of 2.12%. This corresponds to a value of almost 2500€.

The Dax (+5.06%) has beaten me again. This is already becoming the norm. In May, the HSBC MSCI World (+3.26%) also beat me. However, I am still ahead for the year.

Over the year as a whole (YTD), I have again lost ground to the DAX, which has risen sharply again. This time the MSCI World was also able to catch up strongly. Nevertheless, as you can see above, I am still ahead of the MSCI World this year.

My high and low performers in May were (top 3):

Tesla ($TSLA (-1,97%) ) +22,79%

Microsoft ($MSFT (-0,08%) ) +17,31%

Texas Instruments ($TXN (-0,95%) ) +16,57%

Imperial Brands ($IMB (-0,21%) ) -7,06%

Eli Lilly ($LLY (+2,16%) ) -17,69%

UnitedHealth ($UNH (+1,61%) ) -28,08%

United Health is again among the worst performers. Eli Lilly is now also among them. The pharmaceutical stock has now also fallen quite a bit for me. Nevertheless, I am still well up. Imperial Brands also did very well this year and can therefore correct a little again. Tesla is doing Tesla things again and Microsoft is generally on the up anyway. It is pleasing that Texas Instruments has risen again. This stock is quite volatile due to all the customs issues.

Dividends:

In May, I received €413.70 net from a total of 15 distributions.

Compared to May 2024 (€358.98), this was an increase of 15.24%.

There are now some more dividends in June, before July is by far the worst dividend month.

Investments:

The build-up of the nest egg is still not complete. I haven't received the bill for the car repairs yet, so I still have to set aside some money for that. Apart from that, the nest egg is growing, but it will take some time before it is at a satisfactory level. I'm currently tending to keep it at least €10,000 (because 5 figures is cooler).

Purchases and sales:

There were no sales in May.

I bought or increased United Health (2x)

savings plans (€125 in total):

• Cintas ($CTAS (-0,39%) )
• LVMH ($MC (+1,65%) )
• Microsoft ($MSFT (-0,08%) )

Goals 2025:

My goal is still to have €130,000 in my portfolio at the end of the year. The goal is to be achieved by reinvesting the dividend, making payments and, of course, increasing the share price. The share price increase is of course impossible to predict in any way, so the motto is: if the share price falls or does not rise enough, more cash is needed.

This comes from selling useless stuff on eBay, additional income from e.g. "neighborhood help" etc.

The worse the share price, the more additional cash has to be raised.

Target achievement at the end of May 2025: 38.88%

Thanks to the good May, I have come a good deal closer to the average. Nevertheless, the year could still go a little better for me. But the feel-good factor is still 100%.

How was your May? The Rewind for May is already available. It looks quite nice too.

If you liked the report and would like to read more, feel free to follow me,

If you're not interested, you can keep scrolling or use the block function.