McGrath RentCorpMM

McGrath RentCorp

111.43USDR
−0.23−0.21%
At close at Jan 10, 22:18 UTC
USD
No trades
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MGRC fundamentals

Key facts

Market capitalization‪2.74 B‬USD
Founded1979
Employees (FY)‪1.2 K‬
CEOJoseph F. Hanna
Websitemgrc.com
About

McGrath RentCorp engages in the provision of business-to-business rental services. It operates through the following segments: Mobile Modular, TRS-RenTelco, Portable Storage, and Enviroplex. The Mobile Modular segment is engaged in modular building and portable storage. The TRS-RenTelco segment includes operations for its electronic test equipment. The Portable Storage segment includes rental inventory consisting of steel containers used to provide a temporary storage solution that is delivered to the customer’s location and addresses the need for secure, temporary storage with immediate access to the unit. The Enviroplex segment involves the classroom manufacturing business selling modular buildings used primarily as classrooms in California. The company was founded by Robert P. McGrath in 1979 and is headquartered in Livermore, CA.

Ownership
‪‪24.55 M‬‬
Free Float shares
‪‪24.28 M‬‬ (98.88%)
Closely held shares
‪‪273.87 K‬‬ (1.12%)
Free Float shares
‪‪24.28 M‬‬ (98.88%)
Closely held shares
‪‪273.87 K‬‬ (1.12%)
Capital structure
Market cap
‪‪2.74 B‬‬
Debt
‪‪608.56 M‬‬
Cash & equivalents
‪‪4.06 M‬‬
Enterprise value
‪‪3.34 B‬‬

Valuation

Fundamental metrics to determine fair value of the stock

Summary
‪‪2.74 B‬‬
Price to earning ratio (P/E)
12.20x
Price to sales ratio (P/S)
3.09x
Market Cap
Net income
Revenue
Price to earning ratio (P/E)
12.20x
Price to sales ratio (P/S)
3.09x
Valuation ratios
‪0.00‬
‪0.90‬
‪1.80‬
‪2.70‬
‪3.60‬
Q3 '23
Q4 '23
Q1 '24
Q2 '24
Q3 '24
‪0.00‬
‪7.00‬
‪14.00‬
‪21.00‬
‪28.00‬
P/E
P/S

Growth and Profitability

Company’s recent performance and margins

Performance
‪9.5%‬
‪21.5%‬
‪33.5%‬
‪45.5%‬
‪57.5%‬
Q3 '23
Q4 '23
Q1 '24
Q2 '24
Q3 '24
‪0.00‬
‪‪70.00 M‬‬
‪‪140.00 M‬‬
‪‪210.00 M‬‬
‪‪280.00 M‬‬
Revenue
Net income
Net margin %
Revenue to profit conversion
Revenue
COGS
Gross profit
Op expenses
Op income
Non-Op income/ expenses
Taxes & Other
Net income
‪0.00‬
‪‪70.00 M‬‬
‪‪140.00 M‬‬
‪‪210.00 M‬‬
‪‪280.00 M‬‬
Revenue
COGS
Gross profit
Expenses & adjustments
Net income
‪0.00‬
‪‪70.00 M‬‬
‪‪140.00 M‬‬
‪‪210.00 M‬‬
‪‪280.00 M‬‬

Revenue breakdown

Revenue streams and regions a business earns money from

By source/business
Period: 2023
Mobile Modular
TRS-RenTelco
Portable Storage
Enviroplex
By country
Period: 2023
United States
Foreign

Estimates

Revenue and Earnings forecasts and estimates accuracy

Revenue
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪‪70.00 M‬‬
‪‪140.00 M‬‬
‪‪210.00 M‬‬
‪‪280.00 M‬‬
Actual
Estimate
Earnings
Next:Feb 19
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪0.50‬
‪1.00‬
‪1.50‬
‪2.00‬
Actual
Estimate

Dividends

Dividend yield, history and sustainability

Dividend summary
20.65%
Earnings retained
Payout ratio (TTM)
Dividend yield TTM
1.70%
Next payment
0.475
Next ex-date
Jan 17, 2025
Dividend history
‪1.50%‬
‪1.76%‬
‪2.02%‬
‪2.28%‬
‪2.54%‬
2019
2020
2021
2022
2023
‪0.00‬
‪0.50‬
‪1.00‬
‪1.50‬
‪2.00‬
Dividends per share (FY)
Dividend yield (FY) %

Financial health

Financial position and solvency of the company

Debt level and coverage
Q3 '23
Q4 '23
Q1 '24
Q2 '24
Q3 '24
‪‪−300.00 M‬‬
‪0.00‬
‪‪300.00 M‬‬
‪‪600.00 M‬‬
‪‪900.00 M‬‬
Debt
Free cash flow
Cash & equivalents
Financial position analysis
Short term
Long term
‪0.00‬
‪‪550.00 M‬‬
‪‪1.10 B‬‬
‪‪1.65 B‬‬
‪‪2.20 B‬‬
Assets
Liabilities