Cintas (CTAS) Stock Appears Fairly Priced on Current Cash Flow Expectations

Cintas has delivered a long stretch of strong share-price returns, which naturally raises a question for anyone looking at the stock today. Is the current valuation still in step with the cash flows that the business can generate over time, or has the price moved ahead of what those cash flows can justify? Over the past 5 years, Cintas has returned 118.2%, so a lot of future cash flow is already embedded in the current share price and that stake in expectations matters for anyone buying in...