USD 116.81
↓ -3.76 (-3.12%)
| ticker | 1 day return % | 1 week return % | 1 month return % | 3 months return % | 6 months return % | 1 year return % | 3 years return % | 5 years return % | 10 years return % | maximum return % |
|---|---|---|---|---|---|---|---|---|---|---|
| MGRC | -3.1 | -3.6 | 8.3 | 10.8 | 4.7 | 15.8 | 46.0 | 60.0 | 215.5 | 15474.7 |
| S&P 500 | -1.3 | -2.3 | 0.5 | 5.7 | 10.7 | 30.1 | 25.2 | 88.0 | 187.6 | 33142.5 |
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| Attribute | Value |
|---|---|
| symbol | MGRC |
| name | McGrath RentCorp |
| price | 116.81 |
| changes percentage | -3.12 |
| change | -3.76 |
| day low | 115.88 |
| day high | 121.53 |
| year high | 130.86 |
| year low | 95.50 |
| market cap | 2867825672 |
| price avg 50 | 109.13 |
| price avg 200 | 111.99 |
| exchange | NASDAQ |
| volume | 182827 |
| avg volume | 297818 |
| open | 121.10 |
| previous close | 120.57 |
| eps | 9.24 |
| pe | 12.64 |
| earnings announcement | 2025-02-19T05:00:00.000+0000 |
| shares outstanding | 24551200 |
| timestamp | 2024-11-15 21:00:01 |
We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.
| 2023 | 2022 | Y/Y change % | |
|---|---|---|---|
| 0000752714 | |||
| revenue | 831842000 | 733823000 | 13.36 |
| gross profit | 393633000 | 336908000 | 16.84 |
| gross profit ratio | 0.47 | 0.46 | 3.07 |
| research and development expenses | 0 | 0 | NaN |
| operating expenses | 203921000 | 171342000 | 19.01 |
| interest income | 0 | 15168000 | -100.00 |
| interest expense | 40560000 | 15168000 | 167.41 |
| ebitda | 299397000 | 276910000 | 8.12 |
| ebitdaratio | 0.36 | 0.38 | -4.62 |
| operating income | 189712000 | 165566000 | 14.58 |
| operating income ratio | 0.23 | 0.23 | 1.08 |
| net income | 174621000 | 115138000 | 51.66 |
| net income ratio | 0.21 | 0.16 | 33.79 |
| eps | 7.14 | 4.73 | 50.95 |
Revenue Growth: revenue increased to 832 million in 2023 from 734 million in 2022 representing a change of 13.36%. This indicates a sales growth, which is a positive sign for the company.
Gross Profit: Gross Profit increased to 394 million in 2023 from 337 million in 2022 representing a change of 16.84%. This indicates a sales profitability growth, which is a positive sign for the company.
EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 299 million in 2023 from 277 million in 2022 representing a change of 8.12%. The increase in EBITDA indicates improved operational efficiency and profitability.
Operating Income: Operating income increased to 190 million in 2023 from 166 million in 2022 representing a change of 14.58%. The increase in operating income indicates better operational performance and increased profitability.
Net Income: Net income increased to 175 million in 2023 from 115 million in 2022 representing a change of 51.66%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.
Earnings per Share (EPS): EPS increased to 7.14 in 2023 from 7.14 in 2022 representing a change of 50.95%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.
Operating Expenses: Operating Expenses increased to 204 million in 2023 from 171 million in 2022 representing a change of 19.01%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.
| 2024Q3 | 2024Q2 | Q/Q change % | |
|---|---|---|---|
| 0000752714 | |||
| revenue | 266758000 | 212611000 | 25.47 |
| gross profit | 123979000 | 98636000 | 25.69 |
| gross profit ratio | 0.46 | 0.46 | 0.18 |
| research and development expenses | 0 | 0 | NaN |
| operating expenses | 49297000 | 44224000 | 11.47 |
| interest income | 0 | 0 | NaN |
| interest expense | 12641000 | 13037000 | -3.04 |
| ebitda | 242155000 | 68958000 | 251.16 |
| ebitdaratio | 0.91 | 0.38 | 137.23 |
| operating income | 74682000 | 54412000 | 37.25 |
| operating income ratio | 0.28 | 0.26 | 9.39 |
| net income | 149317000 | 20618000 | 624.21 |
| net income ratio | 0.56 | 0.1 | 477.21 |
| eps | 6.08 | 0.84 | 623.81 |
Revenue Growth: revenue increased to 267 million in 2024Q3 from 213 million in 2024Q2 representing a change of 25.47%. This indicates a sales growth, which is a positive sign for the company.
Gross Profit: Gross Profit increased to 124 million in 2024Q3 from 99 million in 2024Q2 representing a change of 25.69%. This indicates a sales profitability growth, which is a positive sign for the company.
Operating Income: Operating income increased to 75 million in 2024Q3 from 54 million in 2024Q2 representing a change of 37.25%. The increase in operating income indicates better operational performance and increased profitability.
Earnings per Share (EPS): EPS increased to 6.08 in 2024Q3 from 6.08 in 2024Q2 representing a change of 623.81%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.
Operating Expenses: Operating Expenses increased to 49 million in 2024Q3 from 44 million in 2024Q2 representing a change of 11.47%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.
EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to 242 million in 2024Q3 from 69 million in 2024Q2 representing a change of 251.16%. The decrease in EBITDA indicates declined operational efficiency and profitability.
Net Income: Net income decreased to 149 million in 2024Q3 from 21 million in 2024Q2 representing a change of 624.21%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.
| 2023 | 2022 | Y/Y change % | |
|---|---|---|---|
| 0000752714 | |||
| total assets | 2217283000 | 1707844000 | 29.83 |
| total liabilities | 1283481000 | 903899000 | 41.99 |
| total equity | 933802000 | 803945000 | 16.15 |
| cash and cash equivalents | 877000 | 957000 | -8.36 |
| short term investments | 0 | 0 | NaN |
| long term investments | 0 | 0 | NaN |
| total current assets | 228245000 | 190980000 | 19.51 |
| total non current assets | 1989038000 | 1516864000 | 31.13 |
| total current liabilities | 111428000 | 243246000 | -54.19 |
| total non current liabilities | 1004530000 | 660653000 | 52.05 |
| common stock | 111122000 | 110080000 | 0.95 |
| retained earnings | 822796000 | 693943000 | 18.57 |
| total debt | 762975000 | 413742000 | 84.41 |
Total Assets: Total Assets increased to 2,217 million in 2023 from 1,708 million in 2022 representing a change of 29.83%. Suggesting a growth in asset holdings.
Total Equity: Total Equity increased to 934 million in 2023 from 804 million in 2022 representing a change of 16.15%. This indicates an increase in shareholders' equity.
Total Current Assets: Total Current Assets increased to 228 million in 2023 from 191 million in 2022 representing a change of 19.51%. This indicates a better liquidity position.
Total Current Liabilities: Total Current Liabilities decreased to 111 million in 2023 from 243 million in 2022 representing a change of -54.19%. This indicates a lower short-term debt burden.
Common Stock: Common Stock increased to 111 in 2023 from 110 in 2022 representing a change of 0.95%. This indicates an increase in ownership interest.
Retained Earnings: Retained Earnings increased to 823 million in 2023 from 694 million in 2022 representing a change of 18.57%. This indicates an accumulated profits.
Total Liabilities: Total Liabilities increased to 1,283 million in 2023 from 904 million in 2022 representing a change of 41.99%. This indicates an increase in overall liabilities.
Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 1 million in 2023 from 1 million in 2022 representing a change of -8.36%. This indicates a decrease in available liquid assets.
Total Debt: Total Debt increased to 763 million in 2023 from 414 million in 2022 representing a change of 84.41%. This indicates an increase in overall debt burden.
| 2024Q3 | 2024Q2 | Q/Q change % | |
|---|---|---|---|
| 0000752714 | |||
| total assets | 2285636000 | 2318335000 | -1.41 |
| total liabilities | 1191576000 | 1364102000 | -12.65 |
| total equity | 1094060000 | 954233000 | 14.65 |
| cash and cash equivalents | 4056000 | 9396000 | -56.83 |
| short term investments | 0 | 0 | NaN |
| long term investments | 0 | -253147000 | 100.00 |
| total current assets | 250870000 | 254988000 | -1.61 |
| total non current assets | 2034766000 | 2063347000 | -1.39 |
| total current liabilities | 200165000 | 182060000 | 9.94 |
| total non current liabilities | 1005969000 | 1182042000 | -14.90 |
| common stock | 113989000 | 111596000 | 2.14 |
| retained earnings | 980244000 | 842675000 | 16.33 |
| total debt | 608562000 | 794271000 | -23.38 |
Total Assets: Total Assets decreased to 2,286 million in 2024Q3 from 2,318 million in 2024Q2 representing a change of -1.41%. Suggesting a decrease in asset holdings.
Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 4 million in 2024Q3 from 9 million in 2024Q2 representing a change of -56.83%. This indicates a decrease in available liquid assets.
Total Current Assets: Total Current Assets decreased to 251 million in 2024Q3 from 255 million in 2024Q2 representing a change of -1.61%. This indicates a worsen liquidity position.
Total Current Liabilities: Total Current Liabilities increased to 200 million in 2024Q3 from 182 million in 2024Q2 representing a change of 9.94%. This indicates a higher short-term debt burden.
Total Liabilities: Total Liabilities decreased to 1,192 million in 2024Q3 from 1,364 million in 2024Q2 representing a change of -12.65%. This indicates a decrease in overall liabilities.
Total Equity: Total Equity increased to 1,094 million in 2024Q3 from 954 million in 2024Q2 representing a change of 14.65%. This indicates an increase in shareholders' equity.
Common Stock: Common Stock increased to 114 in 2024Q3 from 112 in 2024Q2 representing a change of 2.14%. This indicates an increase in ownership interest.
Retained Earnings: Retained Earnings increased to 980 million in 2024Q3 from 843 million in 2024Q2 representing a change of 16.33%. This indicates an accumulated profits.
Total Debt: Total Debt decreased to 609 million in 2024Q3 from 794 million in 2024Q2 representing a change of -23.38%. This indicates a reduction in overall debt burden.
| 2023 | 2022 | Y/Y change % | |
|---|---|---|---|
| 0000752714 | |||
| net change in cash | -80000 | -534000 | 85.02 |
| operating cash flow | 95343000 | 194432000 | -50.96 |
| free cash flow | -178325000 | -10874000 | -1,539.92 |
| capital expenditure | -273668000 | -205306000 | -33.30 |
| depreciation and amortization | 109375000 | 111344000 | -1.77 |
| deferred income tax | -16952000 | 4486000 | -477.89 |
| stock based compensation | 8275000 | 8009000 | 3.32 |
| accounts payables | -32526000 | 16347000 | -298.97 |
| inventory | -29326000 | 0 | NaN |
| acquisitions net | -462082000 | 73879000 | -725.46 |
| investments in property plant and equipment | -273668000 | -205306000 | -33.30 |
| net cash used for investing activites | -391868000 | -131427000 | -198.16 |
| debt repayment | 349225000 | -12725000 | 2,844.40 |
| common stock issued | 0 | 6539000 | -100.00 |
| common stock repurchased | -7233000 | -6539000 | -10.61 |
| dividends paid | -45556000 | -44269000 | -2.91 |
| net cash used provided by financing activities | 296436000 | -63533000 | 566.59 |
| cash at end of period | 877000 | 957000 | -8.36 |
| accounts receivables | -37776000 | -31361000 | -20.46 |
| cash at beginning of period | 957000 | 1491000 | -35.81 |
Net Change in Cash: Net Change in Cash increased to 0 million in 2023 from -1 million in 2022 representing a change of 85.02%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.
Capital Expenditure: Capital Expenditure decreased to -274 million in 2023 from -205 million in 2022 representing a change of -33.3%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.
Accounts Receivables: Accounts Receivables decreased to -38 million in 2023 from -31 million in 2022 representing a change of -20.46%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.
Operating Cash Flow: Operating Cash Flow decreased to 95 million in 2023 from 194 million in 2022 representing a change of -50.96%. This indicates that the company generated less cash from its core business operations.
Free Cash Flow: Free Cash Flow decreased to -178 million in 2023 from -11 million in 2022 representing a change of -1539.92%. This indicates a decrease in cash generated after accounting for capital expenditures.
Stock-Based Compensation: Stock-Based Compensation increased to 8 million in 2023 from 8 million in 2022 representing a change of 3.32%. This indicates increased expenses, which is generally considered a negative sign from a financial perspective.
Accounts Payables: The absolute value of Accounts Payables increased to 33 million in 2023 from 16 million in 2022 representing a change of -298.97%. This indicates that the company has increased its outstanding obligations to its suppliers.
Dividends Paid: Dividends Paid decreased to -46 million in 2023 from -44 million in 2022 representing a change of -2.91%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.
| 2024Q3 | 2024Q2 | Q/Q change % | |
|---|---|---|---|
| 0000752714 | |||
| operating cash flow | 198967000 | 79209000 | 151.19 |
| free cash flow | 171098000 | 7657000 | 2,134.53 |
| capital expenditure | -27869000 | -71552000 | 61.05 |
| depreciation and amortization | 26693000 | 26944000 | -0.93 |
| deferred income tax | 20335000 | 6883000 | 195.44 |
| stock based compensation | 2393000 | 2347000 | 1.96 |
| accounts receivables | -7714000 | -6049000 | -27.53 |
| accounts payables | 7407000 | 14010000 | -47.13 |
| inventory | 5928000 | -3665000 | 261.75 |
| acquisitions net | 0 | 15780000 | -100.00 |
| investments in property plant and equipment | -27869000 | -71552000 | 61.05 |
| net cash used for investing activites | -6933000 | -55772000 | 87.57 |
| debt repayment | -185712000 | -4292000 | -4,226.93 |
| common stock issued | 0 | 0 | NaN |
| common stock repurchased | 0 | 0 | NaN |
| dividends paid | -11662000 | -11661000 | -0.01 |
| net cash used provided by financing activities | -197374000 | -15953000 | -1,137.22 |
| net change in cash | -5340000 | 7484000 | -171.35 |
| cash at end of period | 4056000 | 9396000 | -56.83 |
| cash at beginning of period | 9396000 | 1912000 | 391.42 |
Net Change in Cash: Net Change in Cash decreased to -5 million in 2024Q3 from 7 million in 2024Q2 representing a change of -171.35%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.
Capital Expenditure: Capital Expenditure increased to -28 million in 2024Q3 from -72 million in 2024Q2 representing a change of 61.05%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.
Deferred Income Tax: Deferred Income Tax increased to 20 million in 2024Q3 from 7 million in 2024Q2 representing a change of 195.44%. This indicates that the company's tax liability for future periods has increased.
Stock-Based Compensation: Stock-Based Compensation increased to 2 million in 2024Q3 from 2 million in 2024Q2 representing a change of 1.96%. This indicates increased expenses, which is generally considered a negative sign from a financial perspective.
Dividends Paid: Dividends Paid decreased to -12 million in 2024Q3 from -12 million in 2024Q2 representing a change of -0.01%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.
Operating Cash Flow: Operating Cash Flow increased to 199 million in 2024Q3 from 79 million in 2024Q2 representing a change of 151.19%. This indicates that the company generated more cash from its core business operations.
Free Cash Flow: Free Cash Flow increased to 171 million in 2024Q3 from 8 million in 2024Q2 representing a change of 2134.53%. This indicates an increase in cash generated after accounting for capital expenditures.
Accounts Payables: The absolute value of Accounts Payables decreased to 7 million in 2024Q3 from 14 million in 2024Q2 representing a change of -47.13%. This indicates that the company has reduced its outstanding obligations to its suppliers.
Accounts Receivables: Accounts Receivables decreased to -8 million in 2024Q3 from -6 million in 2024Q2 representing a change of -27.53%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.
We save you time by utilizing Generative AI to summarize earnings transcripts. Our summaries provide a clear insight into the company's current performance, future outlook, and overall sentiment expressed during the call. Click on below links to explore more.
Note: The years mentioned below are fiscal years in accounting.
Q3 2024 Earnings call transcript
EPS represents the portion of a company's profit allocated to each outstanding share of common stock. A higher EPS is generally favorable, indicating stronger profitability on a per-share basis.
Positive EPS: A positive EPS signifies that a company is profitable, it is generally viewed positively, supporting stock value and investor confidence.
Negative EPS: Indicates that a company is operating at a loss, which could lead to negative sentiment, potential stock depreciation, and concerns about the company's financial health.
The Next Earning Date represents when the company plans to release its next set of financial results.
An upward trend in EPS suggests consistent growth in earnings, often leading to increased investor confidence. A downward trend may indicate a decline in earnings, potentially decreasing investor confidence and stock value. Fluctuating EPS suggests unpredictable financial performance, warranting cautious investor analysis.
Earnings surprise occurs when a company's actual earnings differ from analysts' expectations. A positive earnings surprise typically reflects better-than-expected performance, potentially leading to stock appreciation. Conversely, a negative earnings surprise can result in stock depreciation. An earnings surprise of zero means the earnings met expectations, which typically has a neutral impact on stock price.
Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.
| 2023-12-31 | 2022-12-31 | Y/Y change % | |
|---|---|---|---|
| FY | |||
| calendar year | 2023 | 2022 | NaN |
| revenue per share | 34.0 | 30.13 | 12.82 |
| net income per share | 7.14 | 4.73 | 50.94 |
| operating cash flow per share | 3.9 | 7.98 | -51.20 |
| free cash flow per share | -7.29 | -0.45 | -1,532.15 |
| cash per share | 0.04 | 0.04 | -8.79 |
| book value per share | 38.16 | 33.01 | 15.60 |
| tangible book value per share | 22.31 | 25.89 | -13.82 |
| shareholders equity per share | 38.16 | 33.01 | 15.60 |
| interest debt per share | 32.84 | 17.61 | 86.46 |
| market cap | 2926981780 | 2404615220 | 21.72 |
| enterprise value | 3689079780 | 2817400220 | 30.94 |
| pe ratio | 16.76 | 20.88 | -19.74 |
| price to sales ratio | 3.52 | 3.28 | 7.38 |
| pocfratio | 30.7 | 12.37 | 148.23 |
| pfcf ratio | -16.41 | -221.13 | 92.58 |
| pb ratio | 3.13 | 2.99 | 4.80 |
| ptb ratio | 3.13 | 2.99 | 4.80 |
| ev to sales | 4.43 | 3.84 | 15.51 |
| enterprise value over ebitda | 12.32 | 10.17 | 21.10 |
| ev to operating cash flow | 38.69 | 14.49 | 167.02 |
| ev to free cash flow | -20.69 | -259.1 | 92.02 |
| earnings yield | 0.06 | 0.05 | 24.60 |
| free cash flow yield | -0.06 | -0.0 | -1,247.25 |
| debt to equity | 0.82 | 0.51 | 58.76 |
| debt to assets | 0.34 | 0.24 | 42.04 |
| net debt to ebitda | 2.55 | 1.49 | 70.76 |
| current ratio | 2.05 | 0.79 | 160.89 |
| interest coverage | 4.68 | 10.92 | -57.15 |
| income quality | 0.55 | 1.69 | -67.67 |
| dividend yield | 0.02 | 0.02 | -15.46 |
| payout ratio | 0.26 | 0.38 | -32.15 |
| sales general and administrative to revenue | 0.24 | 0.23 | 6.94 |
| research and ddevelopement to revenue | 0 | 0 | NaN |
| intangibles to total assets | 0.17 | 0.1 | 72.23 |
| capex to operating cash flow | 2.87 | 1.06 | 171.83 |
| capex to revenue | 0.33 | 0.28 | 17.59 |
| capex to depreciation | 2.5 | 1.84 | 35.70 |
| stock based compensation to revenue | 0.01 | 0.01 | -8.85 |
| graham number | 78.28 | 59.26 | 32.10 |
| roic | 0.08 | 0.1 | -19.82 |
| return on tangible assets | 0.1 | 0.08 | 27.20 |
| graham net net | -45.45 | -33.07 | -37.42 |
| working capital | 116817000 | -52266000 | 323.50 |
| tangible asset value | 545990000 | 630509000 | -13.40 |
| net current asset value | -1055236000 | -712919000 | -48.02 |
| invested capital | 2017866000 | 1393169000 | 44.84 |
| average receivables | 198652500 | 164718000 | 20.60 |
| average payables | 146179000 | 132462500 | 10.36 |
| average inventory | -29914500 | -29914499.5 | -0.00 |
| days sales outstanding | 99.77 | 84.53 | 18.03 |
| days payables outstanding | 127.23 | 128.38 | -0.90 |
| days of inventory on hand | 0 | -55.02 | 100.00 |
| receivables turnover | 3.66 | 4.32 | -15.28 |
| payables turnover | 2.87 | 2.84 | 0.91 |
| inventory turnover | 0 | -6.63 | 100.00 |
| roe | 0.19 | 0.14 | 30.57 |
| capex per share | 11.18 | 8.43 | 32.67 |
ROE: Return on Equity (ROE) increased to 0.19 on 2023-12-31 from 0.14 on 2022-12-31, representing a change of 30.57%. Suggesting the company has been generating high returns for its shareholders.
Current Ratio: Current Ratio increased to 2.05 on 2023-12-31 from 0.79 on 2022-12-31, representing a change of 160.89%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Also, it's above 1, indicating the ability to cover short-term obligations.
PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 16.76 on 2023-12-31 from 20.88 on 2022-12-31, representing a change of -19.74%. Indicating a decrease in the relative valuation of the company's stock.
Debt-to-Equity Ratio: Debt-to-Equity Ratio increased to 0.82 on 2023-12-31 from 0.51 on 2022-12-31, representing a change of 58.76%. The debt-to-equity ratio has been increasing, indicating that the company has been relying more on debt financing. Higher leverage may increase financial risk. However, a ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.
| 2024-09-30 Q3 | 2024-06-30 Q2 | Q/Q change % | |
|---|---|---|---|
| MGRC | |||
| calendar year | 2024 | 2024 | NaN |
| revenue per share | 10.87 | 8.66 | 25.46 |
| net income per share | 6.08 | 0.84 | 624.15 |
| operating cash flow per share | 8.1 | 3.23 | 151.17 |
| free cash flow per share | 6.97 | 0.31 | 2,134.35 |
| cash per share | 0.17 | 0.38 | -56.84 |
| book value per share | 44.56 | 38.87 | 14.64 |
| tangible book value per share | 29.08 | 23.28 | 24.90 |
| shareholders equity per share | 44.56 | 38.87 | 14.64 |
| interest debt per share | 25.3 | 32.89 | -23.06 |
| market cap | 2584729280 | 2558987760 | 1.01 |
| enterprise value | 3189235280 | 3343862760 | -4.62 |
| pe ratio | 4.33 | 31.03 | -86.05 |
| price to sales ratio | 9.69 | 12.04 | -19.50 |
| pocfratio | 12.99 | 32.31 | -59.79 |
| pfcf ratio | 15.11 | 334.2 | -95.48 |
| pb ratio | 2.36 | 2.68 | -11.90 |
| ptb ratio | 2.36 | 2.68 | -11.90 |
| ev to sales | 11.96 | 15.73 | -23.98 |
| enterprise value over ebitda | 13.17 | 48.49 | -72.84 |
| ev to operating cash flow | 16.03 | 42.22 | -62.03 |
| ev to free cash flow | 18.64 | 436.71 | -95.73 |
| earnings yield | 0.06 | 0.01 | 616.99 |
| free cash flow yield | 0.07 | 0.0 | 2,112.28 |
| debt to equity | 0.56 | 0.83 | -33.17 |
| debt to assets | 0.27 | 0.34 | -22.28 |
| net debt to ebitda | 2.5 | 11.38 | -78.07 |
| current ratio | 1.25 | 1.4 | -10.51 |
| interest coverage | 5.91 | 4.17 | 41.55 |
| income quality | 1.33 | 3.84 | -65.31 |
| dividend yield | 0.0 | 0.0 | -0.99 |
| payout ratio | 0.08 | 0.57 | -86.19 |
| sales general and administrative to revenue | 0 | 0 | NaN |
| research and ddevelopement to revenue | 0 | 0 | NaN |
| intangibles to total assets | 0.17 | 0.17 | 0.75 |
| capex to operating cash flow | 0.14 | 0.9 | -84.49 |
| capex to revenue | 0.1 | 0.34 | -68.96 |
| capex to depreciation | 1.04 | 2.66 | -60.68 |
| stock based compensation to revenue | 0.01 | 0.01 | -18.74 |
| graham number | 78.09 | 27.1 | 188.13 |
| roic | 0.03 | 0.02 | 45.84 |
| return on tangible assets | 0.08 | 0.01 | 635.66 |
| graham net net | -41.06 | -47.97 | 14.41 |
| working capital | 50705000 | 72928000 | -30.47 |
| tangible asset value | 713945000 | 571556000 | 24.91 |
| net current asset value | -940706000 | -1109114000 | 15.18 |
| invested capital | 2018095000 | 2054728000 | -1.78 |
| average receivables | 220954000 | 214664500 | 2.93 |
| average payables | 74686000 | 65147000 | 14.64 |
| average inventory | 25249000 | 26380500 | -4.29 |
| days sales outstanding | 75.75 | 92.02 | -17.68 |
| days payables outstanding | 48.06 | 57.75 | -16.78 |
| days of inventory on hand | 14.05 | 22.28 | -36.95 |
| receivables turnover | 1.19 | 0.98 | 21.47 |
| payables turnover | 1.87 | 1.56 | 20.17 |
| inventory turnover | 6.41 | 4.04 | 58.60 |
| roe | 0.14 | 0.02 | 531.65 |
| capex per share | 1.14 | 2.91 | -61.05 |
ROE:
PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 4.33 on 2024-09-30 Q3 from 31.03 on 2024-06-30 Q2, representing a change of -86.05%. Indicating a decrease in the relative valuation of the company's stock.
Current Ratio: Current Ratio decreased to 1.25 on 2024-09-30 Q3 from 1.40 on 2024-06-30 Q2, representing a change of -10.51%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. However, it is still above 1, indicating the ability to cover short-term obligations.
Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.56 on 2024-09-30 Q3 from 0.83 on 2024-06-30 Q2, representing a change of -33.17%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.
Negative Sentiment: Discounted Cash Flow value is -16.75 which is lower than current price 116.81, indicates the company may be overvalued.
| Market Capitalization | Enterprise Value | |
|---|---|---|
| Definition | The total market value of a company's outstanding shares | The total market value of a company, including its debt and other liabilities |
| Calculation | Current share price * Total number of outstanding shares | Market capitalization + Total debt - Cash and cash equivalents |
| Focus | Equity component of a company's value | Total economic value of a company |
| Usefulness | Assesses a company's size and growth potential based on investor sentiment | Provides a more comprehensive valuation that considers both equity and debt |
Analyzing dividends is a crucial aspect of investment evaluation, offering valuable insights into a company's financial health and its commitment to shareholder returns. Dividends represent a portion of a company's profits distributed to its shareholders, providing a steady income stream. We help you analyze dividends based on the indicators mentioned below:
• Investors often assess the average dividend amount, observing trends over time to gauge the company's stability and growth potential. A positive trend in average dividends indicates a consistent and potentially lucrative investment. Additionally, evaluating the trend of dividend increases provides insight into the company's financial strength and management's confidence in future earnings.
• Consistency in paying dividends is a reassuring sign, reflecting a company's reliability and commitment to shareholder value. For investors, dividends not only offer income but also contribute to the overall total return on investment.
• Companies with a history of regular and increasing dividends can attract income-focused investors seeking stable returns, making dividends a critical factor in building a well-rounded investment portfolio.
Interested in the overall sentiment for a particular period? Check out our news sentiment analysis tool.
Sentiment: Positive
Publish Date: 2024-10-24 20:50:05
McGrath RentCorp (NASDAQ:MGRC ) Q3 2024 Earnings Conference Call October 24, 2024 5:00 PM ET Company Participants Joe Hanna - Chief Executive Officer Keith Pratt - Chief Financial Officer Conference Call Participants Scott Schneeberger - Oppenheimer Mark Riddick - Sidoti Operator Ladies and gentlemen, thank you for standing by. Welcome to the McGrath RentCorp's Third Quarter 2024 Earnings Call.
Sentiment: Positive
Publish Date: 2024-10-24 18:11:14
McGrath (MGRC) came out with quarterly earnings of $1.87 per share, beating the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.65 per share a year ago.
Sentiment: Positive
Publish Date: 2024-10-24 16:01:00
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced total revenues from continuing operations for the quarter ended September 30, 2024 of $266.8 million, an increase of 10% compared to the third quarter of 2023. The Company reported net income from continuing operations of $149.3 million, or $6.08 per diluted share, for the third quarter of 2024, compared to net income f.
Sentiment: Positive
Publish Date: 2024-10-17 11:05:43
McGrath (MGRC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Sentiment: Neutral
Publish Date: 2024-09-26 16:01:00
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced plans to release financial results for its third quarter ending September 30, 2024, after the close of regular market trading on Thursday, October 24, 2024. McGrath RentCorp will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) that afternoon to discuss the results. The conference call may be ac.
Sentiment: Positive
Publish Date: 2024-09-18 18:12:48
A tie-up with a very compatible peer was canceled. McGrath will receive a fee of $180 million for this, but that's small comfort to shareholders.
Sentiment: Positive
Publish Date: 2024-09-18 08:05:00
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today confirmed that WillScot Holdings Corporation (“WillScot”) (Nasdaq: WSC) and the Company mutually agreed to terminate their previously announced merger agreement. In accordance with the terms of the merger agreement, McGrath is receiving a termination fee of $180 million. Joseph Hanna, President and Chief Executive Officer of McGr.
Sentiment: Positive
Publish Date: 2024-09-09 16:01:00
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced the Board of Directors' declaration of a quarterly cash dividend of $0.475 per common share for the quarter ended September 30, 2024. The dividend will be payable on October 31, 2024 to all shareholders of record on October 17, 2024. The year 2024 marks 33 consecutive years that McGrath RentCorp has raised its dividend.
* The sentiment analysis presented is generated through an algorithm and may be subject to inaccuracies. Users are advised to corroborate key information and employ further analytical methods prior to making critical decisions.
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| Indicator | Bullish | Bearish |
|---|---|---|
| Price and EMA ⓘ | Price crosses above EMA | Price crosses below EMA |
| Short-Term vs Long-Term EMA ⓘ | Short EMA crosses above Long EMA | Short EMA crosses below Long EMA |
| Volume ⓘ | Increasing volume during price uptrend | Increasing volume during price downtrend |
| MACD ⓘ | MACD crosses above Signal Line | MACD crosses below Signal Line |
| RSI ⓘ | RSI is below 30 (oversold) and starts to rise above 30 | RSI is above 70 (overbought) and starts to decline below 70 |
| Candlestick Patterns ⓘ | Bullish candlestick patterns | Bearish candlestick patterns |
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