CTAS
Cintas Corporation
NASDAQ: CTAS · INDUSTRIALS · SPECIALTY BUSINESS SERVICES
$164.67
-0.06% today
Updated 2026-06-05
Market cap
$69.91B
P/E ratio
36.94
P/S ratio
6.34x
EPS (TTM)
$4.73
Dividend yield
1.00%
52W range
$161 – $227
Volume
2.2M
Cintas Corporation (CTAS) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed CTAS price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$164.67
Today
Analyst consensus
$212.41
+28.99% · 12M
2030 Base
$132.30
-19.66% future
NPV today
$85.98
@ 10% WACC
21 analysts:
6 Buy7 Hold1 Sell
Management guidance
Cintas has not provided explicit revenue targets through 2030 in recent guidance. Most recent CEO commentary emphasizes executing organic growth initiatives and synergy realization from the $5.5B UniFirst acquisition (announced Mar 2026). Company guides to continued mid-to-high single-digit organic revenue growth with margin expansion; UniFirst integration expected to contribute modest revenue uplift starting FY2027 ($500M–$800M annually post-synergies by FY2028).
Sources: Management guidance, analyst consensus, sector analysishigh confidence
CTAS · Cintas Corporation · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$91.98
NPV today: $59.77
Base case (2030)
$132.30
NPV today: $85.98
Bull case (2030)
$253.29
NPV today: $164.60
WallStSmart.com
CTAS financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $10.3B | $11.5B | $12.7B | $13.9B | $15.1B | $16.3B |
| Revenue growth | 7.7% | 10.8% | 10.4% | 10.3% | 8.2% | 7.6% |
| Net margin | — | 17.5% | 17.9% | 18.3% | 18.4% | 18.6% |
| EPS | $2.41 | $4.99 | $5.64 | $6.35 | $6.92 | $7.50 |
| Diluted shares | — | 401M | 402M | 402M | 403M | 403M |
| Net debt | — | $1.78B | $393.15M | $-1.13B | $-2.78B | $-4.56B |
| P/S multiple | — | 3.0x | 3.0x | 3.0x | 3.0x | 3.0x |
| Implied price (base) | — | $81.32 | $93.49 | $106.88 | $119.45 | $132.30 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $16.3B | $16.3B | $16.3B |
| P/S multiple | 2.0x | 3.0x | 6.0x |
| Diluted shares | 403M | 403M | 403M |
| Net debt | $-4.56B | $-4.56B | $-4.56B |
| Implied P/E † | 12x | 18x | 34x |
| 2030 Price | $91.98 | $132.30 | $253.29 |
| NPV @ 10% | $59.77 | $85.98 | $164.60 |
† Implied P/E: Multiples remain elevated across all three scenarios because CTAS is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $132.30 base case
CTAS catalysts and risks
Growth catalysts
+ UniFirst acquisition close and integration (expected late 2026/early 2027); synergy realization ($400M–$600M EBITDA upside by 2028)
+ Market share gains in uniform rental & facility services as labor markets remain tight and outsourcing adoption accelerates
+ Operational leverage from scale as G&A absorption improves post-merger integration
+ Dividend growth continuation (22-year streak) supporting valuation premium and institutional inflows
Key risks
- Economic recession impacting corporate spending on outsourced services; uniform rental and facility services tied to business/employment cycles
- UniFirst integration execution risk; deal scrutiny from investor lawsuits questioning deal fairness (potential closing delays or renegotiation)
- Competitive pricing pressure from regional and lower-cost competitors in fragmented uniform/facility services market
- Labor cost inflation and fuel cost volatility pressuring margins despite pricing actions
- Valuation contraction risk: stock trading at 34.9x P/E vs. peer average ~22x; multiple compression if growth disappoints
Methodology · Cintas Corporation 2030 stock forecast model
Cintas Corporation 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 21 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for CTAS by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-4.56B by 2030) |
| 3. Time value | NPV calculated using 10% WACC (CAPM: beta 0.962) |
| 4. Multiple framework | P/S compresses with scale: bear 2.0x / base 3.0x / bull 6.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 20, 2026.
CTAS price target FAQ
What is the CTAS price target for 2030?
WallStSmart's Cintas Corporation 2030 base case is $132.30 per share, with a bull case of $253.29 and bear case of $91.98. The NPV of the base case discounted to today at 10% WACC is $85.98.
How is the Cintas Corporation 2030 stock forecast calculated?
The CTAS 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the CTAS price target account for dilution?
Cintas Corporation is projected to grow diluted share count from 400M to 403M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on CTAS stock?
21 analysts cover CTAS with an average 12-month price target of $212.41. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.