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UniFirst (UniFirst) Intrinsic Value: Projected FCF : $133.19 (As of Apr. 25, 2024)


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What is UniFirst Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-25), UniFirst's Intrinsic Value: Projected FCF is $133.19. The stock price of UniFirst is $163.82. Therefore, UniFirst's Price-to-Intrinsic-Value-Projected-FCF of today is 1.2.

The historical rank and industry rank for UniFirst's Intrinsic Value: Projected FCF or its related term are showing as below:

UNF' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.04   Med: 1.31   Max: 1.64
Current: 1.23

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of UniFirst was 1.64. The lowest was 1.04. And the median was 1.31.

UNF's Price-to-Projected-FCF is ranked worse than
61.9% of 664 companies
in the Business Services industry
Industry Median: 0.945 vs UNF: 1.23

UniFirst Intrinsic Value: Projected FCF Historical Data

The historical data trend for UniFirst's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

UniFirst Intrinsic Value: Projected FCF Chart

UniFirst Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 135.39 143.48 148.49 134.50 132.69

UniFirst Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 129.45 130.44 132.69 132.79 133.19

Competitive Comparison of UniFirst's Intrinsic Value: Projected FCF

For the Specialty Business Services subindustry, UniFirst's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


UniFirst's Price-to-Projected-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, UniFirst's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where UniFirst's Price-to-Projected-FCF falls into.



UniFirst Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get UniFirst's Free Cash Flow(6 year avg) = $88.90.

UniFirst's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Feb24)*0.8)/Shares Outstanding (Diluted Average)
=(9.6517283697394*88.89808+2049.685*0.8)/18.754
=133.19

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


UniFirst  (NYSE:UNF) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

UniFirst's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=163.82/133.18588678423
=1.23

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


UniFirst Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of UniFirst's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


UniFirst (UniFirst) Business Description

Industry
Traded in Other Exchanges
N/A
Address
68 Jonspin Road, Wilmington, MA, USA, 01887
UniFirst Corp provides workplace uniforms, protective clothing, and other workplace products and services to businesses in the United States, Canada, and Europe. The U.S. and Canadian Rental and Cleaning segment that accounts for the majority of the company engages in sales rents and sells clothing and non-garment items, and offers a cleaning service that delivers clean uniforms when it picks up dirty or contaminated ones. Manufacturing segment designs and manufactures uniforms and non-garment items. Specialty garments rental and cleaning segment provides specialty garments, non-garments, and cleaning services for nuclear and classroom applications. The First Aid segment provides safety supplies and pill packaging. The Corporate segment consists of various associated costs.
Executives
David A Difillippo officer: Senior VP of Operations
Matthew Croatti 10 percent owner C/O UNIFIRST CORPORATION, 68 JONSPIN ROAD, WILMINGTON MA 01887
Michael A Croatti officer: Senior VP of Operations C/O UNIFIRST CORPORATION, 68 JONSPIN ROAD, WILMINGTON MA 01887
William Masters Ross officer: Senior VP of Operations C/O UNIFIRST CORPORATION, 68 JONSPIN ROAD, WILMINGTON MA 01887
Shane O'connor officer: Senior VP and CFO 68 JONSPIN ROAD, WILMINGTON MA 01887
Steven S Sintros officer: VP of Finance and CFO 68 JONSPIN RD., WILMINGTON MA 01888
Sergio A Pupkin director C/O SEALED AIR CORPORATION, 2415 CASCADE POINTE BOULEVARD, CHARLOTTE NC 28208
David Martin Katz officer: VP of Sales and Marketing 68 JONSPIN ROAD, WILMINGTON MA 01887
Joseph M Nowicki director C/O BEACON ROOFING SUPPLY, INC., 505 HUNTMAR PARK DRIVE SUITE 300, HERNDON VA 20170
Cynthia Croatti director, 10 percent owner, officer: Executive VP and Treasurer 68 JONSPIN ROAD, WILMINGTON DC 01887
Carol Croatti 10 percent owner 21 JEFFERSON DRIVE, LONDONDERRY NH 03053
The Ronald D Croatti Trust - 1993 10 percent owner C/O CAROL CROATTI, 21 JEFFERSON DRIVE, LONDONDERRY NH 03053
Kathleen M Camilli director
Michael Iandoli director 68 JONSPIN RD, WILMINGTON MA 01887
Phillip L Cohen director 68 JONSPIN ROAD, WILMINGTON MA 01887