Intrinsic value of Aramark - ARMK

Previous Close

$42.97

  Intrinsic Value

$92.20

stock screener

  Rating & Target

str. buy

+115%

Previous close

$42.97

 
Intrinsic value

$92.20

 
Up/down potential

+115%

 
Rating

str. buy

We calculate the intrinsic value of ARMK stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 10.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  10.50
  9.95
  9.45
  9.01
  8.61
  8.25
  7.92
  7.63
  7.37
  7.13
  6.92
  6.73
  6.55
  6.40
  6.26
  6.13
  6.02
  5.92
  5.83
  5.74
  5.67
  5.60
  5.54
  5.49
  5.44
  5.39
  5.36
  5.32
  5.29
  5.26
Revenue, $m
  16,138
  17,744
  19,421
  21,171
  22,994
  24,890
  26,862
  28,912
  31,042
  33,255
  35,556
  37,947
  40,434
  43,021
  45,713
  48,517
  51,437
  54,481
  57,655
  60,966
  64,422
  68,030
  71,800
  75,740
  79,860
  84,168
  88,676
  93,393
  98,331
  103,503
Variable operating expenses, $m
  10,816
  11,834
  12,897
  14,007
  15,162
  16,365
  17,615
  18,915
  20,265
  21,669
  22,544
  24,060
  25,637
  27,277
  28,984
  30,761
  32,613
  34,543
  36,555
  38,655
  40,846
  43,134
  45,524
  48,022
  50,634
  53,366
  56,224
  59,215
  62,346
  65,625
Fixed operating expenses, $m
  4,129
  4,220
  4,313
  4,407
  4,504
  4,603
  4,705
  4,808
  4,914
  5,022
  5,133
  5,246
  5,361
  5,479
  5,599
  5,723
  5,849
  5,977
  6,109
  6,243
  6,380
  6,521
  6,664
  6,811
  6,961
  7,114
  7,270
  7,430
  7,594
  7,761
Total operating expenses, $m
  14,945
  16,054
  17,210
  18,414
  19,666
  20,968
  22,320
  23,723
  25,179
  26,691
  27,677
  29,306
  30,998
  32,756
  34,583
  36,484
  38,462
  40,520
  42,664
  44,898
  47,226
  49,655
  52,188
  54,833
  57,595
  60,480
  63,494
  66,645
  69,940
  73,386
Operating income, $m
  1,193
  1,690
  2,211
  2,757
  3,327
  3,922
  4,542
  5,189
  5,862
  6,564
  7,879
  8,642
  9,436
  10,265
  11,130
  12,033
  12,976
  13,961
  14,991
  16,068
  17,195
  18,376
  19,612
  20,907
  22,265
  23,689
  25,182
  26,748
  28,392
  30,117
EBITDA, $m
  2,101
  2,630
  3,185
  3,765
  4,372
  5,005
  5,665
  6,353
  7,069
  7,816
  8,593
  9,404
  10,248
  11,129
  12,048
  13,007
  14,008
  15,054
  16,148
  17,292
  18,489
  19,741
  21,053
  22,428
  23,868
  25,378
  26,962
  28,623
  30,366
  32,195
Interest expense (income), $m
  202
  290
  339
  391
  445
  501
  560
  621
  685
  751
  819
  891
  965
  1,042
  1,122
  1,205
  1,292
  1,382
  1,476
  1,574
  1,676
  1,783
  1,894
  2,011
  2,132
  2,259
  2,391
  2,530
  2,675
  2,827
  2,986
Earnings before tax, $m
  904
  1,351
  1,820
  2,312
  2,825
  3,362
  3,921
  4,504
  5,112
  5,745
  6,989
  7,677
  8,395
  9,143
  9,925
  10,741
  11,593
  12,485
  13,417
  14,392
  15,412
  16,481
  17,601
  18,775
  20,006
  21,297
  22,651
  24,073
  25,565
  27,131
Tax expense, $m
  244
  365
  491
  624
  763
  908
  1,059
  1,216
  1,380
  1,551
  1,887
  2,073
  2,267
  2,469
  2,680
  2,900
  3,130
  3,371
  3,622
  3,886
  4,161
  4,450
  4,752
  5,069
  5,402
  5,750
  6,116
  6,500
  6,902
  7,325
Net income, $m
  660
  986
  1,329
  1,687
  2,062
  2,454
  2,862
  3,288
  3,732
  4,194
  5,102
  5,604
  6,128
  6,675
  7,245
  7,841
  8,463
  9,114
  9,794
  10,506
  11,251
  12,031
  12,849
  13,706
  14,604
  15,547
  16,535
  17,573
  18,662
  19,806

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  12,161
  13,371
  14,635
  15,954
  17,327
  18,757
  20,243
  21,787
  23,392
  25,061
  26,794
  28,596
  30,470
  32,420
  34,449
  36,561
  38,762
  41,056
  43,447
  45,942
  48,547
  51,266
  54,107
  57,076
  60,181
  63,427
  66,824
  70,379
  74,100
  77,997
Adjusted assets (=assets-cash), $m
  12,161
  13,371
  14,635
  15,954
  17,327
  18,757
  20,243
  21,787
  23,392
  25,061
  26,794
  28,596
  30,470
  32,420
  34,449
  36,561
  38,762
  41,056
  43,447
  45,942
  48,547
  51,266
  54,107
  57,076
  60,181
  63,427
  66,824
  70,379
  74,100
  77,997
Revenue / Adjusted assets
  1.327
  1.327
  1.327
  1.327
  1.327
  1.327
  1.327
  1.327
  1.327
  1.327
  1.327
  1.327
  1.327
  1.327
  1.327
  1.327
  1.327
  1.327
  1.327
  1.327
  1.327
  1.327
  1.327
  1.327
  1.327
  1.327
  1.327
  1.327
  1.327
  1.327
Average production assets, $m
  4,341
  4,773
  5,224
  5,695
  6,185
  6,695
  7,226
  7,777
  8,350
  8,946
  9,565
  10,208
  10,877
  11,573
  12,297
  13,051
  13,837
  14,655
  15,509
  16,400
  17,329
  18,300
  19,314
  20,374
  21,482
  22,641
  23,854
  25,123
  26,451
  27,842
Working capital, $m
  145
  160
  175
  191
  207
  224
  242
  260
  279
  299
  320
  342
  364
  387
  411
  437
  463
  490
  519
  549
  580
  612
  646
  682
  719
  758
  798
  841
  885
  932
Total debt, $m
  6,171
  7,111
  8,093
  9,118
  10,185
  11,295
  12,450
  13,650
  14,897
  16,193
  17,540
  18,941
  20,397
  21,912
  23,488
  25,129
  26,839
  28,622
  30,480
  32,419
  34,442
  36,555
  38,763
  41,070
  43,482
  46,004
  48,644
  51,406
  54,297
  57,325
Total liabilities, $m
  9,449
  10,389
  11,372
  12,396
  13,463
  14,574
  15,729
  16,929
  18,176
  19,472
  20,819
  22,219
  23,675
  25,190
  26,767
  28,408
  30,118
  31,900
  33,759
  35,697
  37,721
  39,834
  42,041
  44,348
  46,760
  49,283
  51,922
  54,684
  57,576
  60,604
Total equity, $m
  2,712
  2,982
  3,264
  3,558
  3,864
  4,183
  4,514
  4,859
  5,217
  5,589
  5,975
  6,377
  6,795
  7,230
  7,682
  8,153
  8,644
  9,155
  9,689
  10,245
  10,826
  11,432
  12,066
  12,728
  13,420
  14,144
  14,902
  15,695
  16,524
  17,393
Total liabilities and equity, $m
  12,161
  13,371
  14,636
  15,954
  17,327
  18,757
  20,243
  21,788
  23,393
  25,061
  26,794
  28,596
  30,470
  32,420
  34,449
  36,561
  38,762
  41,055
  43,448
  45,942
  48,547
  51,266
  54,107
  57,076
  60,180
  63,427
  66,824
  70,379
  74,100
  77,997
Debt-to-equity ratio
  2.280
  2.380
  2.480
  2.560
  2.640
  2.700
  2.760
  2.810
  2.860
  2.900
  2.940
  2.970
  3.000
  3.030
  3.060
  3.080
  3.110
  3.130
  3.150
  3.160
  3.180
  3.200
  3.210
  3.230
  3.240
  3.250
  3.260
  3.280
  3.290
  3.300
Adjusted equity ratio
  0.223
  0.223
  0.223
  0.223
  0.223
  0.223
  0.223
  0.223
  0.223
  0.223
  0.223
  0.223
  0.223
  0.223
  0.223
  0.223
  0.223
  0.223
  0.223
  0.223
  0.223
  0.223
  0.223
  0.223
  0.223
  0.223
  0.223
  0.223
  0.223
  0.223

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  660
  986
  1,329
  1,687
  2,062
  2,454
  2,862
  3,288
  3,732
  4,194
  5,102
  5,604
  6,128
  6,675
  7,245
  7,841
  8,463
  9,114
  9,794
  10,506
  11,251
  12,031
  12,849
  13,706
  14,604
  15,547
  16,535
  17,573
  18,662
  19,806
Depreciation, amort., depletion, $m
  908
  940
  974
  1,009
  1,045
  1,083
  1,123
  1,164
  1,207
  1,251
  714
  762
  812
  864
  918
  974
  1,033
  1,094
  1,157
  1,224
  1,293
  1,366
  1,441
  1,520
  1,603
  1,690
  1,780
  1,875
  1,974
  2,078
Funds from operations, $m
  1,567
  1,926
  2,302
  2,696
  3,108
  3,537
  3,985
  4,452
  4,938
  5,445
  5,816
  6,366
  6,940
  7,538
  8,163
  8,815
  9,496
  10,207
  10,951
  11,730
  12,544
  13,397
  14,290
  15,226
  16,208
  17,236
  18,316
  19,448
  20,636
  21,883
Change in working capital, $m
  14
  14
  15
  16
  16
  17
  18
  18
  19
  20
  21
  22
  22
  23
  24
  25
  26
  27
  29
  30
  31
  32
  34
  35
  37
  39
  41
  42
  44
  47
Cash from operations, $m
  1,553
  1,911
  2,287
  2,680
  3,091
  3,520
  3,967
  4,433
  4,919
  5,425
  5,795
  6,344
  6,917
  7,515
  8,139
  8,790
  9,470
  10,180
  10,923
  11,700
  12,513
  13,365
  14,257
  15,191
  16,171
  17,198
  18,275
  19,405
  20,592
  21,837
Maintenance CAPEX, $m
  -293
  -324
  -356
  -390
  -425
  -462
  -500
  -539
  -580
  -623
  -668
  -714
  -762
  -812
  -864
  -918
  -974
  -1,033
  -1,094
  -1,157
  -1,224
  -1,293
  -1,366
  -1,441
  -1,520
  -1,603
  -1,690
  -1,780
  -1,875
  -1,974
New CAPEX, $m
  -414
  -432
  -451
  -471
  -490
  -510
  -530
  -551
  -573
  -595
  -619
  -643
  -669
  -696
  -724
  -754
  -786
  -819
  -854
  -891
  -930
  -971
  -1,014
  -1,060
  -1,108
  -1,159
  -1,213
  -1,269
  -1,328
  -1,391
Cash from investing activities, $m
  -707
  -756
  -807
  -861
  -915
  -972
  -1,030
  -1,090
  -1,153
  -1,218
  -1,287
  -1,357
  -1,431
  -1,508
  -1,588
  -1,672
  -1,760
  -1,852
  -1,948
  -2,048
  -2,154
  -2,264
  -2,380
  -2,501
  -2,628
  -2,762
  -2,903
  -3,049
  -3,203
  -3,365
Free cash flow, $m
  846
  1,156
  1,480
  1,820
  2,176
  2,548
  2,937
  3,343
  3,766
  4,207
  4,508
  4,987
  5,487
  6,007
  6,551
  7,118
  7,710
  8,329
  8,975
  9,652
  10,360
  11,101
  11,877
  12,690
  13,542
  14,436
  15,373
  16,356
  17,388
  18,472
Issuance/(repayment) of debt, $m
  902
  940
  982
  1,025
  1,067
  1,110
  1,155
  1,200
  1,247
  1,296
  1,347
  1,400
  1,456
  1,515
  1,576
  1,641
  1,710
  1,782
  1,858
  1,939
  2,024
  2,113
  2,207
  2,307
  2,412
  2,523
  2,639
  2,762
  2,892
  3,028
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  902
  940
  982
  1,025
  1,067
  1,110
  1,155
  1,200
  1,247
  1,296
  1,347
  1,400
  1,456
  1,515
  1,576
  1,641
  1,710
  1,782
  1,858
  1,939
  2,024
  2,113
  2,207
  2,307
  2,412
  2,523
  2,639
  2,762
  2,892
  3,028
Total cash flow (excl. dividends), $m
  1,748
  2,096
  2,462
  2,844
  3,243
  3,659
  4,092
  4,543
  5,013
  5,503
  5,856
  6,388
  6,943
  7,522
  8,127
  8,759
  9,420
  10,111
  10,834
  11,591
  12,383
  13,214
  14,084
  14,997
  15,954
  16,958
  18,012
  19,118
  20,280
  21,500
Retained Cash Flow (-), $m
  -253
  -270
  -282
  -294
  -306
  -319
  -331
  -344
  -358
  -372
  -387
  -402
  -418
  -435
  -452
  -471
  -491
  -511
  -533
  -556
  -581
  -606
  -634
  -662
  -692
  -724
  -757
  -793
  -830
  -869
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  1,495
  1,826
  2,180
  2,550
  2,937
  3,340
  3,761
  4,199
  4,655
  5,131
  5,469
  5,986
  6,525
  7,087
  7,675
  8,288
  8,929
  9,599
  10,300
  11,034
  11,803
  12,607
  13,451
  14,335
  15,262
  16,234
  17,255
  18,326
  19,450
  20,631
Discount rate, %
  9.00
  9.45
  9.92
  10.42
  10.94
  11.49
  12.06
  12.66
  13.30
  13.96
  14.66
  15.39
  16.16
  16.97
  17.82
  18.71
  19.65
  20.63
  21.66
  22.74
  23.88
  25.07
  26.33
  27.64
  29.03
  30.48
  32.00
  33.60
  35.28
  37.05
PV of cash for distribution, $m
  1,372
  1,524
  1,641
  1,716
  1,748
  1,740
  1,695
  1,617
  1,513
  1,389
  1,214
  1,074
  930
  790
  656
  533
  423
  328
  248
  183
  132
  92
  62
  41
  26
  16
  10
  6
  3
  2
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Aramark is a global provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International), and Uniform and Career Apparel (Uniform). FSS North America and FSS International segments include food, refreshment, specialized dietary and support services, including facility maintenance and housekeeping, provided to business, educational and healthcare institutions and in sports, leisure and other facilities. The Uniform segment includes rental, sale, cleaning, maintenance and delivery of personalized uniforms and other textile items to clients in a range of industries in the United States, Puerto Rico, Japan and Canada, including manufacturing, transportation, construction, restaurants and hotels, healthcare and pharmaceutical industries.

FINANCIAL RATIOS  of  Aramark (ARMK)

Valuation Ratios
P/E Ratio 28.2
Price to Sales 0.7
Price to Book 4.3
Price to Tangible Book
Price to Cash Flow 10
Price to Free Cash Flow 21.1
Growth Rates
Sales Growth Rate 1.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 7.8%
Cap. Spend. - 3 Yr. Gr. Rate 0.3%
Financial Strength
Quick Ratio 3
Current Ratio 0
LT Debt to Equity 211.1%
Total Debt to Equity 214.2%
Interest Coverage 4
Management Effectiveness
Return On Assets 4.8%
Ret/ On Assets - 3 Yr. Avg. 4.5%
Return On Total Capital 4.9%
Ret/ On T. Cap. - 3 Yr. Avg. 4.1%
Return On Equity 16.2%
Return On Equity - 3 Yr. Avg. 14.5%
Asset Turnover 1.4
Profitability Ratios
Gross Margin 11.1%
Gross Margin - 3 Yr. Avg. 10.6%
EBITDA Margin 8.4%
EBITDA Margin - 3 Yr. Avg. 8.2%
Operating Margin 5.5%
Oper. Margin - 3 Yr. Avg. 5%
Pre-Tax Margin 3.6%
Pre-Tax Margin - 3 Yr. Avg. 3%
Net Profit Margin 2.6%
Net Profit Margin - 3 Yr. Avg. 2.1%
Effective Tax Rate 28.2%
Eff/ Tax Rate - 3 Yr. Avg. 30.7%
Payout Ratio 27%

ARMK stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ARMK stock intrinsic value calculation we used $14604.412 million for the last fiscal year's total revenue generated by Aramark. The default revenue input number comes from 0001 income statement of Aramark. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our ARMK stock valuation model: a) initial revenue growth rate of 10.5% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 9%, whose default value for ARMK is calculated based on our internal credit rating of Aramark, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Aramark.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of ARMK stock the variable cost ratio is equal to 67.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $4040 million in the base year in the intrinsic value calculation for ARMK stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.5% for Aramark.

Corporate tax rate of 27% is the nominal tax rate for Aramark. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the ARMK stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for ARMK are equal to 26.9%.

Life of production assets of 13.4 years is the average useful life of capital assets used in Aramark operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for ARMK is equal to 0.9%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $2459.061 million for Aramark - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 246.476 million for Aramark is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Aramark at the current share price and the inputted number of shares is $10.6 billion.

RELATED COMPANIES Price Int.Val. Rating
CTAS Cintas 211.70 110.95  sell
UNF UniFirst 175.95 125.92  sell
ABM ABM Industries 33.76 133.44  str.buy
SERV ServiceMaster 60.46 85.56  buy

COMPANY NEWS

▶ [$$] Aramark to Sell Unit to Private Equity-Backed Trimedx   [Sep-17-18 01:12PM  The Wall Street Journal]
▶ Aramark to sell healthcare technology business for $300M   [10:43AM  American City Business Journals]
▶ GS Rally Picks: Wyndham, Aramark, Las Vegas Sands   [Aug-13-18 11:32AM  Investopedia]
▶ Aramark (ARMK) Surges: Stock Moves 7.2% Higher   [Aug-08-18 08:48AM  Zacks]
▶ Aramark to Host Earnings Call   [08:00AM  ACCESSWIRE]
▶ Aramark: Fiscal 3Q Earnings Snapshot   [06:49AM  Associated Press]
▶ Aramark Reports Record Third Quarter Results   [06:30AM  Business Wire]
▶ Aramark Declares Quarterly Dividend   [Aug-01-18 04:35PM  Business Wire]
▶ Is Aramark (NYSE:ARMK) Undervalued?   [Jun-25-18 09:35AM  Simply Wall St.]
▶ Are Aramarks (NYSE:ARMK) Interest Costs Too High?   [May-12-18 09:47AM  Simply Wall St.]
▶ Aramark (ARMK) Surges: Stock Moves 5.9% Higher   [May-09-18 08:34AM  Zacks]
▶ Aramark: Fiscal 2Q Earnings Snapshot   [May-08-18 11:49AM  Associated Press]
▶ Aramark Declares Quarterly Dividend   [May-02-18 04:30PM  Business Wire]
▶ Why ASUs commitment to fair trade doesnt mean big changes for its suppliers   [Mar-30-18 05:26PM  American City Business Journals]
▶ Going to an Astros game this season? Here are the new food options at Minute Maid Park   [Mar-27-18 01:56PM  American City Business Journals]
▶ Controversial Starbucks store opens in Yosemite National Park (Photos)   [Mar-26-18 08:56PM  American City Business Journals]
▶ Ocean Hugger Foods, Inc. Announces Partnership with Aramark   [Mar-21-18 08:00AM  Business Wire]
▶ Should You Buy Aramark (NYSE:ARMK) Now?   [Feb-09-18 08:52AM  Simply Wall St.]
▶ Aramark taking $30M+ hit for recent job cuts, SEC documents show   [Feb-07-18 05:15PM  American City Business Journals]
▶ Aramark to Host Earnings Call   [08:00AM  ACCESSWIRE]
▶ Aramark Declares Quarterly Dividend   [Jan-31-18 04:41PM  Business Wire]
▶ U.S. Bank Stadium to feature new foods during Super Bowl LII (gallery)   [Jan-24-18 08:40PM  American City Business Journals]
▶ Aramark completes $2.35B in deals   [Jan-22-18 12:30PM  American City Business Journals]
▶ Aramark Announces Offering of Senior Notes   [08:29AM  Business Wire]
▶ Aramark Named a Top 50 Company for Diversity   [Jan-09-18 08:00AM  Business Wire]
▶ ETFs with exposure to Aramark : December 26, 2017   [Dec-26-17 11:12AM  Capital Cube]
▶ ETFs with exposure to Aramark : December 14, 2017   [Dec-14-17 12:50PM  Capital Cube]
▶ Marriott rakes in $659 million with close of Avendra sale   [09:29AM  American City Business Journals]
▶ Aramark Completes Purchase Of Avendra   [Dec-11-17 04:30PM  PR Newswire]
▶ Aramark Completes Acquisition of Avendra   [04:15PM  Business Wire]
▶ Stocks Generating Improved Relative Strength: Aramark   [Dec-04-17 03:00AM  Investor's Business Daily]
▶ Aramark Earns Technical Rating Upgrade   [03:00AM  Investor's Business Daily]
▶ ETFs with exposure to Aramark : November 29, 2017   [Nov-29-17 11:00AM  Capital Cube]
▶ American Airlines uniform vendor finalists: Handicapping the field   [Nov-20-17 04:57PM  American City Business Journals]
▶ Aramark Value Analysis (NYSE:ARMK) : November 16, 2017   [Nov-16-17 12:28PM  Capital Cube]

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