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UniFirst

NYSE:UNF
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
UNF
NYSE
$3B
Market Cap
  1. Home
  2. US
  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 3 days ago. More info.


Add to Portfolio Compare Print
  • UniFirst has significant price volatility in the past 3 months.
UNF Share Price and Events
7 Day Returns
16.3%
NYSE:UNF
-0.6%
US Commercial Services
2.4%
US Market
1 Year Returns
4.8%
NYSE:UNF
-17%
US Commercial Services
-10%
US Market
UNF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
UniFirst (UNF) 16.3% -7.4% -21.8% 4.8% 21.3% 32.6%
US Commercial Services -0.6% -22.9% -25.8% -17% 7.1% 23.3%
US Market 2.4% -11% -19.4% -10% 9.6% 21.1%
1 Year Return vs Industry and Market
  • UNF outperformed the Commercial Services industry which returned -17% over the past year.
  • UNF outperformed the Market in United States of America which returned -10% over the past year.
Price Volatility
UNF
Industry
5yr Volatility vs Market
Related Companies

UNF 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.

NYSE:UNF 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 6.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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 NYSE:UNF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.726 (1 + (1- 21%) (1.46%))
0.822
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.822 * 5.44%)
6.21%

Discounted Cash Flow Calculation for NYSE:UNF 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.

NYSE:UNF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.21%)
2020 129.07 Analyst x2 121.52
2021 130.66 Analyst x2 115.82
2022 131.85 Est @ 0.91% 110.04
2023 133.38 Est @ 1.16% 104.81
2024 135.16 Est @ 1.33% 99.99
2025 137.12 Est @ 1.46% 95.51
2026 139.24 Est @ 1.54% 91.31
2027 141.47 Est @ 1.6% 87.35
2028 143.79 Est @ 1.64% 83.59
2029 146.19 Est @ 1.67% 80.01
Present value of next 10 years cash flows $989.00
NYSE:UNF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $146.19 × (1 + 1.74%) ÷ (6.21% – 1.74%)
$3,325.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,325.44 ÷ (1 + 6.21%)10
$1,820.06
NYSE:UNF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $989.00 + $1,820.06
$2,809.06
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,809.06 / 18.89
$148.7
NYSE:UNF Discount to Share Price
Calculation Result
Value per share (USD) From above. $148.70
Current discount Discount to share price of $162.06
= -1 x ($162.06 - $148.70) / $148.70
-9%

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

  • The current share price of UniFirst is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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
NYSE:UNF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2020-02-29) in USD $9.28
NYSE:UNF Share Price ** NYSE (2020-04-08) in USD $162.06
United States of America Commercial Services Industry PE Ratio Median Figure of 52 Publicly-Listed Commercial Services Companies 20.65x
United States of America Market PE Ratio Median Figure of 2,948 Publicly-Listed Companies 12.95x

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

** Primary Listing of UniFirst.

NYSE:UNF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 162.06 ÷ 9.28

17.47x

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 US Commercial Services industry average.
  • UniFirst is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does UniFirst's expected growth come at a high price?
Raw Data
NYSE:UNF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
1%per year
United States of America Commercial Services Industry PEG Ratio Median Figure of 35 Publicly-Listed Commercial Services Companies 1.25x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.92x

*Line of best fit is calculated by linear regression .

NYSE:UNF PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.47x ÷ 1%

17.45x

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

  • UniFirst is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on UniFirst's assets?
Raw Data
NYSE:UNF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2020-02-29) in USD $89.85
NYSE:UNF Share Price * NYSE (2020-04-08) in USD $162.06
United States of America Commercial Services Industry PB Ratio Median Figure of 86 Publicly-Listed Commercial Services Companies 1.16x
United States of America Market PB Ratio Median Figure of 5,162 Publicly-Listed Companies 1.26x
NYSE:UNF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 162.06 ÷ 89.85

1.8x

* Primary Listing of UniFirst.

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

  • UniFirst is overvalued based on assets compared to the US 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 1/6, 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.

UNF 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
1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is UniFirst expected to grow at an attractive rate?
  • UniFirst's earnings growth is positive but not above the low risk savings rate of 1.7%.
Growth vs Market Checks
  • UniFirst's earnings growth is positive but not above the United States of America market average.
  • UniFirst's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:UNF Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:UNF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 1%
NYSE:UNF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 1%
United States of America Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
United States of America Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
NYSE:UNF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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.
NYSE:UNF 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
2020-04-09
NYSE:UNF Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2020-02-29 1,863 290 176
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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • UniFirst's earnings are expected to grow by 1% yearly, however this is not considered high growth (20% yearly).
  • 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
NYSE:UNF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month 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 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:UNF 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
2020-04-09
NYSE:UNF Past Financials Data
Date (Data in USD Millions) EPS *
2020-02-29 9.28
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

*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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.

UNF 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 (11.5% vs 9.9%)
  • UniFirst's earnings growth has exceeded the US Commercial Services industry average in the past year (11.5% vs 2.5%).
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 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:UNF Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2020-02-29 1,863.34 176.13 366.27
2019-11-30 1,836.22 189.06 341.51
2019-08-31 1,809.38 179.13 339.94
2019-05-25 1,763.82 168.10 334.91
2019-02-23 1,737.48 157.24 334.65
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 US 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.

UNF 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 1 month ago.

NYSE:UNF Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2020-02-29 1,701.44 0.00 395.32
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.

UNF 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
0.62%
Current annual income from UniFirst dividends. Estimated to be 0.57% next year.
If you bought $2,000 of UniFirst shares you are expected to receive $12 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 United States of America (1.93%).
  • UniFirst's dividend is below the markets top 25% of dividend payers in United States of America (5.46%).
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
NYSE:UNF 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
United States of America Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1935 Stocks 2.9%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

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

NYSE:UNF 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
2020-04-09
NYSE:UNF Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-04-07 1.000 0.626
2020-01-14 1.000 0.563
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

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

  • UniFirst is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • UniFirst is not paying a notable dividend for United States of America, 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 United States of America.
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 United States of America.
X
Income/ dividend checks
We assess UniFirst's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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.

UNF 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 lower than average for companies of similar size in United States of America.
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 $212.99 $-74,761
27. Aug 19 Sell Cecelia Levenstein Individual 23. Aug 19 26. Aug 19 -11,592 $196.67 $-2,279,673
23. Aug 19 Sell Cecelia Levenstein Individual 21. Aug 19 21. Aug 19 -5,000 $200.67 $-1,003,350
23. Aug 19 Sell Cecelia Levenstein Individual 21. Aug 19 21. Aug 19 -3,408 $204.10 $-694,822
12. Apr 19 Sell Michael Iandoli Individual 12. Apr 19 12. Apr 19 -544 $155.04 $-84,343
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.

UNF News

Simply Wall St News

Cecelia Levenstein Just Sold A Bunch Of Shares In UniFirst Corporation (NYSE:UNF)

Some UniFirst Corporation (NYSE:UNF) shareholders may be a little concerned to see that insider Cecelia Levenstein recently sold a whopping US$695k worth of stock at a price of US$204 per share. … See our latest analysis for UniFirst UniFirst Insider Transactions Over The Last Year In fact, the recent sale by insider Cecelia Levenstein was not their only sale of UniFirst shares this year. … UniFirst insiders didn't buy any shares over the last year.

Simply Wall St -

If You Had Bought UniFirst (NYSE:UNF) Stock Five Years Ago, You Could Pocket A 104% Gain Today

One great example is UniFirst Corporation (NYSE:UNF) which saw its share price drive 104% higher over five years. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Over half a decade, UniFirst managed to grow its earnings per share at 7.7% a year.

Simply Wall St -

Did UniFirst Corporation's (NYSE:UNF) Recent Earnings Growth Beat The Trend?

View our latest analysis for UniFirst Did UNF beat its long-term earnings growth trend and its industry? … Let's see whether it is only due to an industry uplift, or if UniFirst has seen some company-specific growth. … I recommend you continue to research UniFirst to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for UNF’s future growth?

Simply Wall St -

Should You Care About UniFirst Corporation’s (NYSE:UNF) Investment Potential?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for UniFirst: 0.12 = US$215m ÷ (US$2.0b - US$174m) (Based on the trailing twelve months to May 2019.) So, UniFirst has an ROCE of 12%. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

With EPS Growth And More, UniFirst (NYSE:UNF) Is Interesting

So if you're like me, you might be more interested in profitable, growing companies, like UniFirst (NYSE:UNF). … That growth rate is fairly good, assuming the company can keep it up. … Earnings growth might be the main game for UniFirst, but the fun does not stop there.

Simply Wall St -

Should You Be Adding UniFirst (NYSE:UNF) To Your Watchlist Today?

So if you're like me, you might be more interested in profitable, growing companies, like UniFirst (NYSE:UNF). … In the chart below, you can see how the company has grown earnings, and revenue, over time. … If you like to see insider buying, too, then this free list of growing companies that insiders are buying, could be exactly what you're looking for.

Simply Wall St -

How Much Are UniFirst Corporation (NYSE:UNF) Insiders Taking Off The Table?

So shareholders might well want to know whether insiders have been buying or selling shares in UniFirst Corporation (NYSE:UNF). … UniFirst Insiders Are Selling The Stock Over the last three months, we've seen significant insider selling at UniFirst. … Insider Ownership of UniFirst I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders.

Simply Wall St -

Why UniFirst Corporation (NYSE:UNF) Is A Financially Healthy Company

Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as UniFirst Corporation (NYSE:UNF), with a market capitalization of US$3.1b, rarely draw their attention from the investing community. … UNF’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. … I admit this is a fairly basic analysis for UNF's financial health.

Simply Wall St -

Here's What UniFirst Corporation's (NYSE:UNF) P/E Ratio Is Telling Us

Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. … We'll apply a basic P/E ratio analysis to UniFirst Corporation's (NYSE:UNF), to help you decide if the stock is worth further research. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Update: UniFirst (NYSE:UNF) Stock Gained 62% In The Last Five Years

For example, the UniFirst Corporation (NYSE:UNF) share price is up 62% in the last 5 years, clearly besting than the market return of around 47% (ignoring dividends). … During five years of share price growth, UniFirst achieved compound earnings per share (EPS) growth of 6.5% per year. … Dive deeper into the earnings by checking this interactive graph of UniFirst's earnings, revenue and cash flow.

Simply Wall St -

UNF 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
UNF
Exchange: NYSE
Founded: 1936
$3,061,386,164
18,890,449
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: 2020/04/09 02:26
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/04/06
Last earnings reported: 2020/02/29
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.