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UniFirst

DB:U1N
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
U1N
DB
$3B
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The last earnings update was 87 days ago. More info.


Add to Portfolio Compare Print
  • UniFirst has significant price volatility in the past 3 months.
U1N Share Price and Events
7 Day Returns
-4.5%
DB:U1N
-1.9%
DE Commercial Services
-0.6%
DE Market
1 Year Returns
-10.7%
DB:U1N
-32.9%
DE Commercial Services
-20.9%
DE Market
U1N Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
UniFirst (U1N) -4.5% -20.8% -30.4% -10.7% -1.4% -
DE Commercial Services -1.9% -23.9% -35.4% -32.9% -36.8% -47.7%
DE Market -0.6% -18.6% -26.2% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • U1N outperformed the Commercial Services industry which returned -32.9% over the past year.
  • U1N outperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
U1N
Industry
5yr Volatility vs Market
Related Companies

Value

 Is UniFirst undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of UniFirst to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for UniFirst.

DB:U1N Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:U1N
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.588 (1 + (1- 21%) (1.75%))
0.729
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.8 * 5.44%)
3.96%

Discounted Cash Flow Calculation for DB:U1N using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for UniFirst is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:U1N DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 3.96%)
2020 129.07 Analyst x2 124.16
2021 130.66 Analyst x2 120.89
2022 131.54 Est @ 0.67% 117.07
2023 132.00 Est @ 0.35% 113.00
2024 132.18 Est @ 0.13% 108.84
2025 132.14 Est @ -0.03% 104.66
2026 131.96 Est @ -0.14% 100.54
2027 131.68 Est @ -0.21% 96.50
2028 131.33 Est @ -0.27% 92.58
2029 130.94 Est @ -0.3% 88.78
Present value of next 10 years cash flows $1,067.00
DB:U1N DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $130.94 × (1 + -0.39%) ÷ (3.96% – -0.39%)
$2,996.92
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,996.92 ÷ (1 + 3.96%)10
$2,032.03
DB:U1N Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,067.00 + $2,032.03
$3,099.03
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,099.03 / 18.93
$163.69
DB:U1N Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:U1N represents 0.91371x of NYSE:UNF
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.91371x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 163.69 x 0.91371
€149.57
Value per share (EUR) From above. €149.57
Current discount Discount to share price of €126.00
= -1 x (€126.00 - €149.57) / €149.57
15.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price UniFirst is available for.
Intrinsic value
16%
Share price is €126 vs Future cash flow value of €149.57
Current Discount Checks
For UniFirst to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • UniFirst's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • UniFirst's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for UniFirst's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are UniFirst's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:U1N PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-11-30) in USD $9.93
NYSE:UNF Share Price ** NYSE (2020-04-03) in USD $137.9
Germany Commercial Services Industry PE Ratio Median Figure of 6 Publicly-Listed Commercial Services Companies 94.45x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of UniFirst.

DB:U1N PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:UNF Share Price ÷ EPS (both in USD)

= 137.9 ÷ 9.93

13.88x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • UniFirst is good value based on earnings compared to the DE Commercial Services industry average.
  • UniFirst is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does UniFirst's expected growth come at a high price?
Raw Data
DB:U1N PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-3.5%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 48 Publicly-Listed Commercial Services Companies 1.09x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

DB:U1N PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.88x ÷ -3.5%

-3.91x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • UniFirst earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on UniFirst's assets?
Raw Data
DB:U1N PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-11-30) in USD $88.49
NYSE:UNF Share Price * NYSE (2020-04-03) in USD $137.9
Germany Commercial Services Industry PB Ratio Median Figure of 9 Publicly-Listed Commercial Services Companies 2.23x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:U1N PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:UNF Share Price ÷ Book Value per Share (both in USD)

= 137.9 ÷ 88.49

1.56x

* Primary Listing of UniFirst.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • UniFirst is good value based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess UniFirst's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. UniFirst has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is UniFirst expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-3.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is UniFirst expected to grow at an attractive rate?
  • UniFirst's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • UniFirst's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • UniFirst's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:U1N Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:U1N Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -3.5%
DB:U1N Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 1%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 21%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 2.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:U1N Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:U1N Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-08-31 1,797 260 147 4
2020-08-31 1,725 247 128 4
2020-04-05
DB:U1N Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-11-30 1,836 302 189
2019-08-31 1,809 282 179
2019-05-25 1,764 262 168
2019-02-23 1,737 240 157
2018-11-24 1,719 215 168
2018-08-25 1,696 230 164
2018-05-26 1,666 230 124
2018-02-24 1,648 222 112
2017-11-25 1,621 202 76
2017-08-26 1,591 218 70
2017-05-27 1,551 202 110
2017-02-25 1,509 217 116

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • UniFirst's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • UniFirst's revenue is expected to grow by 1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:U1N Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from UniFirst Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:U1N Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-08-31 7.76 8.24 6.86 4.00
2020-08-31 6.68 7.65 5.53 4.00
2020-04-05
DB:U1N Past Financials Data
Date (Data in USD Millions) EPS *
2019-11-30 9.93
2019-08-31 9.39
2019-05-25 8.79
2019-02-23 8.17
2018-11-24 8.60
2018-08-25 8.27
2018-05-26 6.19
2018-02-24 5.54
2017-11-25 3.76
2017-08-26 3.46
2017-05-27 5.45
2017-02-25 5.75

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if UniFirst will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess UniFirst's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
UniFirst has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has UniFirst performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare UniFirst's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • UniFirst's year on year earnings growth rate has been positive over the past 5 years.
  • UniFirst's 1-year earnings growth exceeds its 5-year average (13% vs 8.6%)
  • UniFirst's earnings growth has exceeded the Europe Commercial Services industry average in the past year (13% vs 8.9%).
Earnings and Revenue History
UniFirst's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from UniFirst Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:U1N Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-11-30 1,836.22 189.06 341.51
2019-08-31 1,809.38 179.13 339.94
2019-05-25 1,763.82 168.10 335.61
2019-02-23 1,737.48 157.24 335.45
2018-11-24 1,719.26 168.01 354.98
2018-08-25 1,696.49 163.90 353.53
2018-05-26 1,666.02 124.21 349.53
2018-02-24 1,648.47 112.04 348.86
2017-11-25 1,620.63 76.01 345.07
2017-08-26 1,590.96 69.82 337.01
2017-05-27 1,551.14 109.80 330.02
2017-02-25 1,509.10 115.61 316.88
2016-11-26 1,480.77 116.65 307.44
2016-08-27 1,468.05 124.38 300.75
2016-05-28 1,463.49 117.95 295.33
2016-02-27 1,461.26 120.25 292.99
2015-11-28 1,459.63 122.08 294.81
2015-08-29 1,456.61 123.43 294.44
2015-05-30 1,449.39 123.23 289.92
2015-02-28 1,436.05 121.55 285.71
2014-11-29 1,418.55 121.63 278.32
2014-08-30 1,394.90 118.55 271.56
2014-05-31 1,395.79 120.09 272.12
2014-03-01 1,379.31 117.76 268.91
2013-11-30 1,369.65 118.62 264.87
2013-08-31 1,355.52 114.83 263.53
2013-05-25 1,315.01 106.81 256.26

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • UniFirst has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • UniFirst used its assets more efficiently than the DE Commercial Services industry average last year based on Return on Assets.
  • UniFirst has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess UniFirst's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
UniFirst has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is UniFirst's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up UniFirst's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • UniFirst is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • UniFirst's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of UniFirst's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • UniFirst has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from UniFirst Company Filings, last reported 4 months ago.

DB:U1N Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-11-30 1,676.01 0.00 356.59
2019-08-31 1,641.23 0.00 385.34
2019-05-25 1,609.70 0.00 349.41
2019-02-23 1,580.79 0.00 335.32
2018-11-24 1,539.50 0.00 276.54
2018-08-25 1,464.97 0.00 270.51
2018-05-26 1,429.42 0.00 238.49
2018-02-24 1,544.40 0.00 387.69
2017-11-25 1,485.61 0.00 374.04
2017-08-26 1,453.19 0.00 349.75
2017-05-27 1,447.32 0.00 312.68
2017-02-25 1,417.40 0.00 313.54
2016-11-26 1,389.77 0.00 286.12
2016-08-27 1,364.78 0.00 363.80
2016-05-28 1,329.58 0.00 347.58
2016-02-27 1,299.71 0.28 334.99
2015-11-28 1,276.94 0.60 311.53
2015-08-29 1,242.21 1.39 276.55
2015-05-30 1,216.72 3.38 235.67
2015-02-28 1,185.46 5.64 231.46
2014-11-29 1,166.97 6.14 212.97
2014-08-30 1,134.46 7.86 191.77
2014-05-31 1,106.88 9.49 151.02
2014-03-01 1,073.06 9.07 157.24
2013-11-30 1,049.28 10.64 141.83
2013-08-31 1,013.40 111.41 197.48
2013-05-25 981.86 110.87 175.59
  • UniFirst has no debt.
  • UniFirst has no debt compared to 5 years ago when it was 0.5%.
  • UniFirst has no debt, it does not need to be covered by operating cash flow.
  • UniFirst has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess UniFirst's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. UniFirst has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is UniFirst's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.73%
Current annual income from UniFirst dividends. Estimated to be 0.67% next year.
If you bought €2,000 of UniFirst shares you are expected to receive €15 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • UniFirst's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • UniFirst's dividend is below the markets top 25% of dividend payers in Germany (4.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:U1N Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 5.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 316 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:U1N Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-08-31 1.00 1.00
2020-08-31 0.86 1.00
2020-04-05
DB:U1N Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-14 1.000 0.560
2019-10-23 1.000 0.484
2019-06-27 0.450 0.233
2019-04-02 0.450 0.279
2019-01-08 0.450 0.319
2018-10-22 0.450 0.311
2018-06-28 0.450 0.252
2018-04-03 0.450 0.264
2018-01-09 0.150 0.094
2017-10-24 0.150 0.093
2017-07-07 0.150 0.104
2017-04-04 0.150 0.108
2017-01-10 0.150 0.114
2016-10-24 0.150 0.110
2016-07-06 0.150 0.121
2016-04-06 0.150 0.134
2016-01-12 0.150 0.143
2015-10-26 0.150 0.142
2015-07-07 0.150 0.136
2015-04-07 0.150 0.129
2015-01-13 0.150 0.127
2014-10-27 0.150 0.132
2014-07-08 0.150 0.152
2014-04-08 0.150 0.152
2014-01-14 0.150 0.139
2013-10-28 0.150 0.146
2013-07-02 0.150 0.151
2013-04-02 0.150 0.161
2013-01-08 0.150 0.178
2012-10-22 0.150 0.209
2012-07-02 0.150 0.227
2012-04-04 0.150 0.254
2012-01-10 0.150 0.247
2011-10-25 0.150 0.271
2011-07-05 0.150 0.297
2011-04-05 0.150 0.290
2011-01-11 0.150 0.271
2010-10-26 0.150 0.290
2010-07-06 0.150 0.347
2010-04-06 0.150 0.326
2010-01-12 0.150 0.284
2009-11-10 0.150 0.321
2009-07-07 0.150 0.359
2009-04-07 0.150 0.412

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • UniFirst is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • UniFirst is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of UniFirst's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of UniFirst's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • No need to calculate the sustainability of UniFirst's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess UniFirst's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can UniFirst afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. UniFirst has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of UniFirst's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steve Sintros
COMPENSATION $2,722,142
AGE 45
TENURE AS CEO 2.8 years
CEO Bio

Mr. Steven S. Sintros, also known as Steve, has been President and Chief Executive Officer of UniFirst Corporation since July 31, 2017. Mr. Sintros has overall responsibility for management of UniFirst Corporation. He served as Senior Vice President of UniFirst Corporation since January 2009 until July 31, 2017 and served as its Chief Financial Officer since January 13, 2009 until January 2018. Mr. Sintros has been with UniFirst Corporation since February 2004 and served as its Corporate Controller since 2005 until January 13, 2009, Finance Manager since 2004 and as Vice President since January 2008 until January 2009. He served as Manager with Ernst & Young LLP and Arthur Andersen LLP in their Boston offices. He has been a Director of UniFirst Corporation since July 31, 2017. Mr. Sintros is a Certified Public Accountant. Mr. Sintros attended the College of the Holy Cross where he received an undergraduate degree in economics and Northeastern University where he earned a Master’s degree in accounting and business administration.

CEO Compensation
  • Steve's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Steve's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the UniFirst management team in years:

4.8
Average Tenure
55
Average Age
  • The tenure for the UniFirst management team is about average.
Management Team

Steve Sintros

TITLE
President
COMPENSATION
$3M
AGE
45
TENURE
2.8 yrs

Shane O’Connor

TITLE
CFO & Senior VP
COMPENSATION
$895K
AGE
45
TENURE
2.3 yrs

David Katz

TITLE
Senior Vice President of Sales & Marketing
COMPENSATION
$982K
AGE
55

David DiFillippo

TITLE
Senior Vice President of Operations
COMPENSATION
$1M
AGE
62
TENURE
18.3 yrs

Cynthia Croatti

TITLE
Executive VP
COMPENSATION
$2M
AGE
64
TENURE
38.3 yrs

Adam Soreff

TITLE
Director of Marketing & Communications

Michael Croatti

TITLE
Senior Vice President of Operations
AGE
50
TENURE
5.3 yrs

Bill Ross

TITLE
Senior Vice President of Operations
AGE
58
TENURE
4.3 yrs

Scott Chase

TITLE
Secretary
Board of Directors Tenure

Average tenure and age of the UniFirst board of directors in years:

12.3
Average Tenure
64
Average Age
  • The average tenure for the UniFirst board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Ray Zemlin

TITLE
Independent Chairman of the Board
COMPENSATION
$349K
AGE
64
TENURE
2.5 yrs

Steve Sintros

TITLE
President
COMPENSATION
$3M
AGE
45
TENURE
2.8 yrs

Cynthia Croatti

TITLE
Executive VP
COMPENSATION
$2M
AGE
64
TENURE
25.3 yrs

Phillip Cohen

TITLE
Independent Director
COMPENSATION
$232K
AGE
88
TENURE
19.4 yrs

Michael Iandoli

TITLE
Independent Director
COMPENSATION
$216K
AGE
74
TENURE
13.3 yrs

Tom Postek

TITLE
Independent Director
COMPENSATION
$206K
AGE
77
TENURE
12.3 yrs

Kathleen Camilli

TITLE
Independent Director
COMPENSATION
$207K
AGE
60
TENURE
8.3 yrs
Who owns this company?
Recent Insider Trading
  • UniFirst individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
16. Jan 20 Sell Kathleen Camilli Individual 16. Jan 20 16. Jan 20 -351 €191.33 €-67,158
27. Aug 19 Sell Cecelia Levenstein Individual 23. Aug 19 26. Aug 19 -11,592 €176.97 €-2,051,250
23. Aug 19 Sell Cecelia Levenstein Individual 21. Aug 19 21. Aug 19 -5,000 €180.84 €-904,219
23. Aug 19 Sell Cecelia Levenstein Individual 21. Aug 19 21. Aug 19 -3,408 €183.93 €-626,174
12. Apr 19 Sell Michael Iandoli Individual 12. Apr 19 12. Apr 19 -544 €137.01 €-74,534
X
Management checks
We assess UniFirst's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. UniFirst has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. Rental and Cleaning, 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, 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, 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 based in Wilmington, Massachusetts.

Details
Name: UniFirst Corporation
U1N
Exchange: DB
Founded: 1936
$2,419,851,226
18,931,783
Website: http://www.unifirst.com
Address: UniFirst Corporation
68 Jonspin Road,
Wilmington,
Massachusetts, 01887,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE UNF Common Stock New York Stock Exchange US USD 07. Jun 1983
DB U1N Common Stock Deutsche Boerse AG DE EUR 07. Jun 1983
Number of employees
Current staff
Staff numbers
14,000
UniFirst employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 22:18
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2020/01/09
Last earnings reported: 2019/11/30
Last annual earnings reported: 2019/08/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.