Mcgrath Rentcorp

  • Consumer Discretionary
  • Diversified Commercial Services
  • www.mgrc.com
  • Earnings Score
  • Moat Score
  • Market Cap $3.12B
  • PE 13
  • Debt -
  • Cash $807.00K
  • EV -
  • FCF $334.15M

Earnings

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Sales & Net Margins

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Earnings$231.73M
EBIT$360.89M
ROE21%
ROA16%
FCF$334.15M
Equity$1.12B
Growth Stability93%
PE13.47
PEG0.74
PB2.78
P/FCF9.34
P/S3.43
Price/Cash0
Net Margins25%
Gross Margins48%
Op. Margins40%
Earnings CAGR15%
Sales Growth YoY10%
Sales Growth QoQ-9%
Sales CAGR10%
FCF CAGR3%
Equity CAGR12%
Earnings Stability0.52
Earnings Growth YoY22%
Earnings Growth QoQ-74%
Earnings CAGR 5Y18%
Sales CAGR 5Y12%
FCF CAGR 5Y-6%
Equity CAGR 5Y12%
Earnings CAGR 3Y13%
Sales CAGR 3Y13%
FCF CAGR 3Y-6%
Equity CAGR 3Y16%
Market Cap$3.12B
Revenue$910.94M
Dividend Yield1%
Payout Ratio20%
Assets$2.28B
Cash$807.00K
Shares Outstanding24.54M
Earnings Score75%
Moat Score96%
Gross Profit$435.42M
Shares Growth 3y0%
Equity Growth QoQ3%
Equity Growth YoY20%

Assets & ROA

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Stockholders Equity & ROE

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McGrath RentCorp is a rental company. It is comprised of four reportable business segments: Modular building and portable storage segment (Mobile Modular), Electronic test equipment segment (TRS-RenTelco), Containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks) and Classroom manufacturing division selling modular classrooms in California (Enviroplex). The company generates its revenues primarily from the rental of its equipment on operating leases with sales of equipment occurring in the normal course of business.

SEC Filings

Direct access to Mcgrath Rentcorp (MGRC) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2023
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2022
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31

Sector Comparison

How does Mcgrath Rentcorp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Mcgrath Rentcorp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 15%
Stability 52%
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Mcgrath Rentcorp Discounted Cash Flow

Fully customizable DCF calculator online for Mcgrath Rentcorp.

= $4B
012345678910TV
fcf$334M$343M$352M$362M$371M$381M$391M$402M$413M$424M$435M$4.3B
DCF$312M$291M$272M$254M$237M$221M$206M$192M$180M$168M$1.7B
Value$4B

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.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Net Margins10%9%33%16%17%18%15%16%21%25%25%
ROA-7%8%10%11%11%8%10%12%16%16%
ROE-10%29%14%15%15%12%14%19%21%21%

Safety and Stability

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.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Debt over FCF-----------
Debt over Equity-----------
Growth Stability---100%100%93%97%100%100%100%93%

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.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024CAGR 5Y
Revenue YoY growth-5%9%8%14%0%8%19%13%10%12%
Earnings YoY growth--5%302%-48%22%5%-12%28%52%33%18%
Equity YoY growth-4%33%9%11%8%7%10%16%20%12%
FCF YoY growth--3%-18%18%39%-5%16%-8%-71%551%-6%