MCGRATH RENTCORP |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 111.7 USD | +2.20% |
|
+1.20% | -6.61% |
| Apr. 25 | Transcript : McGrath RentCorp, Q1 2024 Earnings Call, Apr 25, 2024 | |
| Apr. 25 | Earnings Flash (MGRC) MCGRATH RENTCORP Reports Q1 Revenue $187.8M, vs. Street Est of $172.1M | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,859 | 1,618 | 1,946 | 2,408 | 2,929 | 2,742 | - |
| Enterprise Value (EV) 1 | 2,150 | 1,839 | 1,946 | 2,408 | 2,929 | 2,742 | 2,742 |
| P/E ratio | 19.5 x | 16.1 x | 21.9 x | 21 x | 16.8 x | 24.6 x | 18.2 x |
| Yield | 1.96% | 2.5% | 2.17% | 1.84% | 1.55% | 1.7% | 1.7% |
| Capitalization / Revenue | 3.26 x | 2.83 x | 3.15 x | 3.28 x | 3.52 x | 3.07 x | 3 x |
| EV / Revenue | 3.26 x | 2.83 x | 3.15 x | 3.28 x | 3.52 x | 3.07 x | 3 x |
| EV / EBITDA | 7.85 x | 6.71 x | 7.89 x | 8.33 x | 9 x | 7.84 x | 7.58 x |
| EV / FCF | 41.4 x | 12.7 x | 12.9 x | 38.2 x | 57 x | 34.8 x | 25.7 x |
| FCF Yield | 2.41% | 7.85% | 7.75% | 2.62% | 1.75% | 2.88% | 3.89% |
| Price to Book | 2.93 x | 2.41 x | 2.69 x | 3 x | 3.14 x | 2.76 x | 2.56 x |
| Nbr of stocks (in thousands) | 24,285 | 24,111 | 24,247 | 24,382 | 24,489 | 24,549 | - |
| Reference price 2 | 76.54 | 67.10 | 80.26 | 98.74 | 119.6 | 111.7 | 111.7 |
| Announcement Date | 2/25/20 | 2/23/21 | 2/23/22 | 2/22/23 | 2/21/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 570.2 | 572.6 | 616.8 | 733.8 | 831.8 | 892.4 | 914.1 |
| EBITDA 1 | 236.8 | 241 | 246.6 | 288.9 | 325.7 | 350 | 361.6 |
| EBIT 1 | 141.4 | 140.8 | 132.4 | 165.6 | 189.7 | 229.7 | 244.2 |
| Operating Margin | 24.79% | 24.58% | 21.47% | 22.56% | 22.81% | 25.74% | 26.71% |
| Earnings before Tax (EBT) 1 | 129.1 | 132 | 121.8 | 150 | 149.5 | 178.8 | 201.7 |
| Net income 1 | 96.81 | 102 | 89.7 | 115.1 | 174.6 | 111.4 | 150.1 |
| Net margin | 16.98% | 17.81% | 14.54% | 15.69% | 20.99% | 12.48% | 16.43% |
| EPS 2 | 3.930 | 4.160 | 3.660 | 4.700 | 7.120 | 4.540 | 6.135 |
| Free Cash Flow 1 | 44.85 | 127 | 150.9 | 63 | 51.35 | 78.85 | 106.6 |
| FCF margin | 7.87% | 22.18% | 24.46% | 8.59% | 6.17% | 8.84% | 11.66% |
| FCF Conversion (EBITDA) | 18.94% | 52.7% | 61.19% | 21.81% | 15.77% | 22.53% | 29.48% |
| FCF Conversion (Net income) | 46.33% | 124.54% | 168.2% | 54.72% | 29.41% | 70.78% | 70.99% |
| Dividend per Share 2 | 1.500 | 1.680 | 1.740 | 1.820 | 1.860 | 1.900 | 1.900 |
| Announcement Date | 2/25/20 | 2/23/21 | 2/23/22 | 2/22/23 | 2/21/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 175.9 | 145.4 | 177 | 200.5 | 210.9 | 173.2 | 203 | 243.5 | 221.6 | 187.8 | 211.5 | 257.2 | 235.9 | - | - |
| EBITDA 1 | 72.96 | 56.72 | 66.29 | 74.72 | 90.97 | 65.43 | 76.97 | 95.33 | 87.93 | 72.07 | 81.4 | 101.7 | 94.7 | - | - |
| EBIT 1 | 42.97 | 27.36 | 37.05 | 45.34 | 55.81 | 21.95 | 47.58 | 66.58 | 55.68 | 42.67 | 51.5 | 71.4 | 63.9 | - | - |
| Operating Margin | 24.43% | 18.82% | 20.93% | 22.61% | 26.46% | 12.68% | 23.44% | 27.34% | 25.13% | 22.72% | 24.35% | 27.76% | 27.09% | - | - |
| Earnings before Tax (EBT) 1 | 39.7 | 24.56 | 33.87 | 40.93 | 50.67 | 14.34 | 37.62 | 55.52 | 43.69 | 29.9 | 38.8 | 58.7 | 51.2 | - | - |
| Net income 1 | 28.45 | 18.79 | 26.14 | 30.57 | 39.64 | 71.66 | 30.58 | 40.37 | 32.02 | 22.85 | 21.5 | 36.3 | 30.7 | - | - |
| Net margin | 16.17% | 12.93% | 14.76% | 15.24% | 18.8% | 41.38% | 15.06% | 16.58% | 14.45% | 12.16% | 10.17% | 14.11% | 13.01% | - | - |
| EPS 2 | 1.160 | 0.7700 | 1.070 | 1.250 | 1.620 | 2.920 | 1.250 | 1.650 | 1.300 | 0.9300 | 0.8800 | 1.480 | 1.250 | 0.9100 | 1.450 |
| Dividend per Share 2 | 0.4350 | 0.4550 | 0.4550 | 0.4550 | 0.4550 | 0.4650 | 0.4650 | 0.4650 | 0.4650 | - | 0.4750 | 0.4750 | 0.4750 | - | - |
| Announcement Date | 2/23/22 | 4/28/22 | 7/28/22 | 10/27/22 | 2/22/23 | 5/4/23 | 7/27/23 | 10/26/23 | 2/21/24 | 4/25/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt | 291 | 222 | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.229 x | 0.9191 x | - | - | - | - | - |
| Free Cash Flow 1 | 44.9 | 127 | 151 | 63 | 51.4 | 78.9 | 107 |
| ROE (net income / shareholders' equity) | 16.1% | 15.5% | 12.7% | 15% | 13% | 14.3% | 14.4% |
| ROA (Net income/ Total Assets) | 7.66% | 7.89% | 6.25% | 6.97% | 5.76% | 5.9% | 6.4% |
| Assets 1 | 1,264 | 1,293 | 1,436 | 1,652 | 3,030 | 1,888 | 2,346 |
| Book Value Per Share 2 | 26.10 | 27.80 | 29.90 | 33.00 | 38.10 | 40.40 | 43.60 |
| Cash Flow per Share | 7.630 | - | - | - | - | - | - |
| Capex 1 | 12.1 | 13.7 | 2.68 | 17.6 | 44 | 15 | 15 |
| Capex / Sales | 2.12% | 2.4% | 0.43% | 2.4% | 5.29% | 1.68% | 1.64% |
| Announcement Date | 2/25/20 | 2/23/21 | 2/23/22 | 2/22/23 | 2/21/24 | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -6.61% | 2.74B | |
| +20.47% | 46B | |
| +11.75% | 33.18B | |
| +15.03% | 16.73B | |
| -12.99% | 7.38B | |
| +23.18% | 5.75B | |
| +2.27% | 4.32B | |
| -1.61% | 3.73B | |
| +15.42% | 2.11B | |
| -9.38% | 1.57B |
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- Financials McGrath RentCorp
