McGrath RentCorp

Company Profile

McGrath RentCorp had its IPO on 1990-03-26 under the ticker symbol MGRC.

The company operates in the Industrials sector and Rental & Leasing Services industry. McGrath RentCorp has a staff strength of 1,218 employees.

Stock update

Shares of McGrath RentCorp opened at $97.1 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $97.1 - $97.87, and closed at $97.69.

This is a +0.32% increase from the previous day's closing price.

A total volume of 45,694 shares were traded at the close of the day’s session.

In the last one week, shares of McGrath RentCorp have slipped by -3.4%.

McGrath RentCorp's Key Ratios

McGrath RentCorp has a market cap of $2.42 billion, indicating a price to book ratio of 3.0184 and a price to sales ratio of 3.43.

In the last 12-months McGrath RentCorp’s revenue was $822.15 million with a gross profit of $336.91 million and an EBITDA of $184.47 million. The EBITDA ratio measures McGrath RentCorp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, McGrath RentCorp’s operating margin was 21.22% while its return on assets stood at 5.81% with a return of equity of 13.89%.

In Q2, McGrath RentCorp’s quarterly earnings growth was a positive 17% while revenue growth was a positive 32.4%.

McGrath RentCorp’s PE and PEG Ratio

Forward PE

21.4592

Trailing PE

21.3758

PEG

2.1457

Its diluted EPS in the last 12-months stands at $4.63 per share while it has a forward price to earnings multiple of 21.4592 and a PEG multiple of 2.1457. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into McGrath RentCorp’s profitability.

McGrath RentCorp stock is trading at a EV to sales ratio of 3.9369 and a EV to EBITDA ratio of 10.4525. Its price to sales ratio in the trailing 12-months stood at 3.43.

McGrath RentCorp stock pays annual dividends of $1.84 per share, indicating a yield of 1.88% and a payout ratio of 26.55%.

Balance sheet and cash flow metrics

Total Assets

$2.11 billion

Total Liabilities

$326.13 million

Operating Cash Flow

$0

Capital Expenditure

$54.73 million

Dividend Payout Ratio

26.55%

McGrath RentCorp ended 2023 with $2.11 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.11 billion while shareholder equity stood at $880.57 million.

McGrath RentCorp ended 2023 with $0 in deferred long-term liabilities, $326.13 million in other current liabilities, 107362000.00 in common stock, $773.26 million in retained earnings and $325.35 million in goodwill. Its cash balance stood at $2.21 million and cash and short-term investments were $2.21 million. The company’s total short-term debt was $0 while long-term debt stood at $672.63 million.

McGrath RentCorp’s total current assets stands at $193.88 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $191.68 million compared to accounts payable of $0 and inventory worth $0.

In 2023, McGrath RentCorp's operating cash flow was $0 while its capital expenditure stood at $54.73 million.

Comparatively, McGrath RentCorp paid $0.27 in dividends in 2023.

Other key metrics

Current Trading Price

$97.69

52-Week High

$110.5628

52-Week Low

$79.9997

Analyst Target Price

$120.5

McGrath RentCorp stock is currently trading at $97.69 per share. It touched a 52-week high of $110.5628 and a 52-week low of $110.5628. Analysts tracking the stock have a 12-month average target price of $120.5.

Its 50-day moving average was $96.44 and 200-day moving average was $95.1 The short ratio stood at 2.46 indicating a short percent outstanding of 0%.

Around 55.8% of the company’s stock are held by insiders while 8598.7% are held by institutions.