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UNF - UniFirst Corporation

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UniFirst Corporation

UNF

NYSE

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. and Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, and aprons; and specialized protective wear, such as flame resistant and high visibility garments. The company also rents and sells industrial wiping products, floor mats, facility service products, and dry and wet mops; restroom and cleaning supplies comprising air fresheners, paper products, gloves, masks, sanitizers, and hand soaps; and other textile products. In addition, it provides first aid cabinet services and other safety supplies; decontaminates and cleans work clothes, and other items that is exposed to radioactive materials; and services special cleanroom protective wear and facilities. Further, it offers a range of garment service options, including full-service rental programs in which garments are cleaned and serviced; lease programs in which garments are cleaned and maintained by individual employees; and purchase programs to buy garments and related items directly. The company serves automobile service centers and dealers, delivery services, food and general merchandise retailers, food processors and service operations, light manufacturers, maintenance facilities, restaurants, service companies, soft and durable goods wholesalers, transportation companies, healthcare providers, government agencies, research and development laboratories, high technology companies, and utilities operating nuclear reactors, as well as others who require employee clothing for image, identification, protection, or utility purposes. UniFirst Corporation was founded in 1936 and is headquartered in Wilmington, Massachusetts.

174.15 USD

4.16 (2.39%)

Operating Data

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

1.8B

1.83B

2B

2.23B

2.43B

2.62B

2.82B

3.04B

3.27B

3.53B

Revenue %

-

1.22

9.56

11.61

8.7

7.77

7.77

7.77

7.77

Ebitda

278.36M

302.76M

244.1M

262.03M

325.01M

362.76M

390.95M

421.35M

454.1M

489.4M

Ebitda %

15.43

16.58

12.2

11.73

13.39

13.87

13.87

13.87

13.87

Ebit

172.19M

195.38M

133.75M

138.84M

183.58M

212.99M

229.55M

247.4M

266.63M

287.35M

Ebit %

9.54

10.7

6.69

6.22

7.56

8.14

8.14

8.14

8.14

Depreciation

106.16M

107.39M

110.34M

123.19M

141.43M

149.76M

161.4M

173.95M

187.47M

202.05M

Depreciation %

5.88

5.88

5.51

5.52

5.83

5.72

5.72

5.72

5.72

Balance Sheet

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Total Cash

474.84M

512.87M

376.4M

89.6M

175.08M

441.81M

476.16M

513.17M

553.06M

596.06M

Total Cash %

26.32

28.08

18.81

4.01

7.21

16.89

16.89

16.89

16.89

Receivables

190.92M

208.33M

249.2M

279.08M

278.85M

305.72M

329.49M

355.1M

382.7M

412.45M

Receivables %

10.58

11.41

12.45

12.5

11.49

11.69

11.69

11.69

11.69

Inventories

260.55M

325.12M

370.85M

396.66M

394.88M

443.75M

478.24M

515.42M

555.49M

598.67M

Inventories %

14.44

17.8

18.53

17.76

16.27

16.96

16.96

16.96

16.96

Payable

64.03M

81.36M

82.13M

92.73M

92.51M

105.03M

113.19M

121.99M

131.47M

141.69M

Payable %

3.55

4.45

4.1

4.15

3.81

4.01

4.01

4.01

4.01

Cap Ex

-116.72M

-133.64M

-144.32M

-171.99M

-160.42M

-184.76M

-199.12M

-214.6M

-231.28M

-249.26M

Cap Ex %

-6.47

-7.32

-7.21

-7.7

-6.61

-7.06

-7.06

-7.06

-7.06

Weighted Average Cost Of Capital

Price

174.15

Beta

Diluted Shares Outstanding

18.72M

Costof Debt

4.15

Tax Rate

After Tax Cost Of Debt

3.19

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

68.81M

Total Equity

3.26B

Total Capital

3.33B

Debt Weighting

2.07

Equity Weighting

97.93

Wacc

8.24

Build Up Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

1.8B

1.83B

2B

2.23B

2.43B

2.62B

2.82B

3.04B

3.27B

3.53B

Ebitda

278.36M

302.76M

244.1M

262.03M

325.01M

362.76M

390.95M

421.35M

454.1M

489.4M

Ebit

172.19M

195.38M

133.75M

138.84M

183.58M

212.99M

229.55M

247.4M

266.63M

287.35M

Tax Rate

23.18

23.18

23.18

23.18

23.18

23.18

23.18

23.18

23.18

23.18

Ebiat

131.42M

149.96M

102.97M

103.67M

141.02M

162.54M

175.17M

188.79M

203.46M

219.28M

Depreciation

106.16M

107.39M

110.34M

123.19M

141.43M

149.76M

161.4M

173.95M

187.47M

202.05M

Receivables

190.92M

208.33M

249.2M

279.08M

278.85M

305.72M

329.49M

355.1M

382.7M

412.45M

Inventories

260.55M

325.12M

370.85M

396.66M

394.88M

443.75M

478.24M

515.42M

555.49M

598.67M

Payable

64.03M

81.36M

82.13M

92.73M

92.51M

105.03M

113.19M

121.99M

131.47M

141.69M

Cap Ex

-116.72M

-133.64M

-144.32M

-171.99M

-160.42M

-184.76M

-199.12M

-214.6M

-231.28M

-249.26M

Ufcf

-266.56M

59.04M

-16.83M

9.79M

123.82M

64.32M

87.36M

94.15M

101.47M

109.36M

Wacc

8.24

8.24

8.24

8.24

8.24

Pv Ufcf

59.42M

74.56M

74.24M

73.92M

73.61M

Sum Pv Ufcf

355.77M

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

8.24

Free Cash Flow T1

111.54M

Terminal Value

1.79B

Present Terminal Value

1.2B

Intrinsic Value

Enterprise Value

1.56B

Net Debt

-92.76M

Equity Value

1.65B

Diluted Shares Outstanding

18.72M

Equity Value Per Share

88.23

Projected DCF

88.23 -0.974%

DCF Levered

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