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Avis Budget Group, Inc.

CAR

Services-Auto Rental & Leasing (No Drivers)

Mkt Cap

$4.398B

PE

2.70

Debt

$4.823B

Cash

$644M

EV

$8.577B

FCF

-

Market Cap

$4.398B

P/E Ratio

2.70

Debt

$4.823B

Cash

$644M

EV

$8.577B

FCF

-
Charts data: {"Earnings":[{"time":"2014-12-30","value":245000000},{"time":"2015-12-30","value":313000000},{"time":"2016-12-30","value":163000000},{"time":"2017-12-30","value":361000000},{"time":"2018-12-30","value":165000000},{"time":"2019-12-30","value":302000000},{"time":"2020-12-30","value":-684000000},{"time":"2021-12-30","value":1283000000},{"time":"2022-12-30","value":2756000000},{"time":"2023-12-30","value":1632000000}],"Sales":[{"time":"2014-12-30","value":8485000000},{"time":"2015-12-30","value":8502000000},{"time":"2016-12-30","value":8659000000},{"time":"2017-12-30","value":8848000000},{"time":"2018-12-30","value":9124000000},{"time":"2019-12-30","value":9172000000},{"time":"2020-12-30","value":5402000000},{"time":"2021-12-30","value":9313000000},{"time":"2022-12-30","value":11994000000},{"time":"2023-12-30","value":12008000000}],"Net Margins":[{"time":"2014-12-30","value":0.028874484384207425},{"time":"2015-12-30","value":0.036814867090096445},{"time":"2016-12-30","value":0.018824344612541864},{"time":"2017-12-30","value":0.040800180831826405},{"time":"2018-12-30","value":0.018084173608066637},{"time":"2019-12-30","value":0.03292629742695159},{"time":"2020-12-30","value":-0.1266197704553869},{"time":"2021-12-30","value":0.13776441533340492},{"time":"2022-12-30","value":0.22978155744538936},{"time":"2023-12-30","value":0.13590939373750832}],"Assets":[{"time":"2014-12-30","value":16969000000},{"time":"2015-12-30","value":17634000000},{"time":"2016-12-30","value":17643000000},{"time":"2017-12-30","value":17699000000},{"time":"2018-12-30","value":19149000000},{"time":"2019-12-30","value":23126000000},{"time":"2020-12-30","value":17538000000},{"time":"2021-12-30","value":22600000000},{"time":"2022-12-30","value":25927000000},{"time":"2023-12-30","value":32569000000}],"Stockholders Equity":[{"time":"2014-12-30","value":665000000},{"time":"2015-12-30","value":439000000},{"time":"2016-12-30","value":221000000},{"time":"2017-12-30","value":573000000},{"time":"2018-12-30","value":414000000},{"time":"2019-12-30","value":656000000},{"time":"2020-12-30","value":-155000000},{"time":"2021-12-30","value":-209000000},{"time":"2022-12-30","value":-700000000},{"time":"2023-12-30","value":-343000000}],"ROE":[{"time":"2014-12-30","value":0.3684210526315789},{"time":"2015-12-30","value":0.7129840546697038},{"time":"2016-12-30","value":0.7375565610859729},{"time":"2017-12-30","value":0.6300174520069808},{"time":"2018-12-30","value":0.39855072463768115},{"time":"2019-12-30","value":0.4603658536585366},{"time":"2020-12-30","value":4.412903225806452},{"time":"2021-12-30","value":-6.138755980861244},{"time":"2022-12-30","value":-3.9371428571428573},{"time":"2023-12-30","value":-4.75801749271137}],"ROA":[{"time":"2014-12-30","value":0.03541752607696388},{"time":"2015-12-30","value":0.032664171486900304},{"time":"2016-12-30","value":0.02731961684520773},{"time":"2017-12-30","value":0.022543646533702468},{"time":"2018-12-30","value":0.02376103190767142},{"time":"2019-12-30","value":0.020107238605898123},{"time":"2020-12-30","value":-0.041338807161591974},{"time":"2021-12-30","value":0.07557522123893805},{"time":"2022-12-30","value":0.1402399043468199},{"time":"2023-12-30","value":0.058767539684976514}]}

Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers in the Americas, Europe, the Middle East and Africa, Asia, and Australasia. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 19,000 vehicles, which are rented through a network of approximately 415 dealer-operated and 390 company-operated locations that serve the light commercial and consumer sectors in the continental United States; and the Zipcar brand, a car sharing network. The company also operates various other car rental brands, such as Budget, Payless, Apex, Maggiore, Morini Rent, FranceCars, Amicoblue, Turiscar, and ACL Hire. In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, and automobile towing protection and cargo insurance products; fuel service options, roadside assistance services, electronic toll collection services, curbside delivery, tablet rentals, access to satellite radio, portable navigation units, and child safety seat rentals; automobile towing equipment and other moving accessories, such as hand trucks, furniture pads, and moving supplies; and Business Intelligence solution, an online portal for corporate customers. The company was formerly known as Cendant Corporation and changed its name to Avis Budget Group, Inc. in September 2006. Avis Budget Group, Inc. was founded in 1946 and is headquartered in Parsippany, New Jersey.

Sector

  • R Logo

    R

In the chart Earnings are multiplied by this value.

Earnings Growth 39%
Earnings Stability 49%


Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12-201512-201612-201712-201812-201912-202012-202112-202212-2023TTM
Net Margin3.7%1.9%4.1%1.8%3.3%-13%14%23%14%14%
ROA3.3%2.7%2.3%2.4%2%-4.1%7.6%14%5.9%5.9%
ROE71%74%63%40%46%440%-610%-390%-480%-480%

What is the average Net Margin?

The average Net Margin over the past 5 years is +7.13%.

What is the trend of Net Margin?

The trend of Net Margin over the past 5 years is +4.13%.

What is the average Return on Assets (ROA)?

The average ROA over the past 5 years is +4.62%.

What is the trend of Return on Assets (ROA)?

The trend of ROA over the past 5 years is +1.86%.

What is the average Return on Equity (ROE)?

The average ROE over the past 5 years is -159.37%.

What is the trend of Return on Equity (ROE)?

The trend of ROE over the past 5 years is -141.51%.


Safety & Stabiliy

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12-201512-201612-201712-201812-201912-202012-202112-202212-2023TTM
Debt FCF----------
Debt Equity7.9415.946.288.585.24-27.28-19.27-6.67-14.06-14.06
MIN
Graham Stability--100%59%100%-250%-100%100%-250%

What is the Debt/FCF?

The Debt/FCF trailing twelve month is -.

What is the trend of Debt/FCF?

The trend of Debt/FCF over the past 5 years is -.

What is the Graham’s Stability?

Graham’s Stability measure stands at -2.48.


Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12-201612-201812-202012-2022Trend
Revenue4.8%5.6%31%0.12%2.9%
Net Income39%58%--41%2.1%
Stockholders Equity----21%
FCF-----

What is the 5 year Revenue CAGR?

The Revenue CAGR over the past 5 years is +5.65%.

What is the trend of Revenue growth?

The trend of Revenue growth rate over the past 5 years is +2.94%.

What is the 5 year Earnings CAGR?

The Earnings CAGR over the past 5 years is +58.14%.

What is the trend of Earnings growth?

The trend of Earnings growth rate over the past 5 years is +2.1%.

What is the 5 year Equity CAGR?

The Equity CAGR over the past 5 years is -.

What is the trend of Equity growth?

The trend of Equity growth rate over the past 5 years is +20.68%.

What is the 5 year FCF CAGR?

The FCF CAGR over the past 5 years is -.

What is the trend of FCF growth?

The trend of FCF growth rate over the past 5 years is -.