MGRC - McGrath RentCorp Stock Price, Fair Value and News

111.74USD+3.25 (+3.00%)Delayed

Market Summary

USD111.74+3.25

Delayed

3.00%

MGRC Alerts

Big fall in earnings (Y/Y)

MGRC Stock Price

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MGRC RSI Chart

MGRC Valuation

Market Cap

2.7B

Price/Earnings (Trailing)

21.8

Price/Sales (Trailing)

3.2

EV/EBITDA

8.53

Price/Free Cashflow

48.43

MGRC Price/Sales (Trailing)

MGRC Profitability

Operating Margin

47.85%

EBT Margin

19.48%

Return on Equity

13.34%

Return on Assets

5.56%

Free Cashflow Yield

2.06%

MGRC Fundamentals

MGRC Revenue

Revenue (TTM)

856.0M

Rev. Growth (Yr)

14.73%

Rev. Growth (Qtr)

-15.24%

MGRC Earnings

Earnings (TTM)

125.8M

Earnings Growth (Yr)

-68.11%

Earnings Growth (Qtr)

-28.64%

Breaking Down MGRC Revenue

Last 7 days

1.9%

Last 30 days

0.2%

Last 90 days

-13.0%

Trailing 12 Months

21.5%

How does MGRC drawdown profile look like?

MGRC Financial Health

MGRC Investor Care

Dividend Yield

1.67%

Dividend/Share (TTM)

1.87

Shares Dilution (1Y)

0.29%

Diluted EPS (TTM)

5.14

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	856.0M	0	0	0
2023	674.3M	724.0M	793.2M	831.8M
2022	538.4M	545.4M	546.4M	635.7M
2021	564.3M	573.1M	589.9M	534.6M
2020	577.7M	587.9M	570.8M	572.6M
2019	515.3M	525.7M	556.1M	570.2M
2018	472.3M	479.7M	487.4M	498.3M
2017	425.2M	431.7M	445.1M	462.0M
2016	408.1M	415.1M	424.1M	424.1M
2015	410.8M	411.0M	411.1M	404.5M
2014	378.3M	386.9M	391.1M	408.1M
2013	373.9M	377.3M	386.7M	379.5M
2012	348.6M	352.9M	347.3M	364.1M
2011	302.6M	315.6M	337.4M	342.7M
2010	0	281.0M	286.2M	291.4M
2009	0	0	0	275.8M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of McGrath RentCorp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 01, 2024	anderson nicolas c	acquired	-	-	1,200	-
Apr 01, 2024	dawson william j	acquired	-	-	1,200	-
Apr 01, 2024	box kimberly ann	acquired	-	-	1,200	-
Apr 01, 2024	fetter elizabeth a	acquired	-	-	1,200	-
Apr 01, 2024	shuster bradley m	acquired	-	-	1,200	-
Apr 01, 2024	conjeevaram smita	acquired	-	-	1,200	-
Apr 01, 2024	malek gilda	sold (taxes)	-61,592	120	-510	vp general counsel and corpora
Apr 01, 2024	malek gilda	acquired	-	-	1,429	vp general counsel and corpora
Feb 26, 2024	hawkins philip b	sold (taxes)	-189,593	124	-1,521	senior vp mobile modular div
Feb 26, 2024	lieffrig john	sold (taxes)	-141,353	124	-1,134	vp and division manager

Which funds bought or sold MGRC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.24	-70,158	3,024,290	-%
May 16, 2024	COMERICA BANK	reduced	-92.68	-504,276	41,169	-%
May 16, 2024	JANE STREET GROUP, LLC	added	154	1,480,330	2,393,870	-%
May 15, 2024	Cubist Systematic Strategies, LLC	new	-	844,221	844,221	-%
May 15, 2024	Corton Capital Inc.	sold off	-100	-306,108	-	-%
May 15, 2024	Atom Investors LP	sold off	-100	-527,644	-	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	added	97.34	9,503,260	18,682,500	-%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-94.3	-499,661	31,213	-%
May 15, 2024	Manatuck Hill Partners, LLC	reduced	-74.67	-8,828,780	3,121,260	1.37%
May 15, 2024	CAPTRUST FINANCIAL ADVISORS	reduced	-8.76	-60,166	960,312	-%

Are Funds Buying or Selling MGRC?

Are funds buying MGRC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MGRC

No. of Funds

MGRC Alerts

Big fall in earnings (Y/Y)

Unveiling McGrath RentCorp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	10.99%	2,691,278	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	4.8%	1,178,937	SC 13G/A
Jan 30, 2024	franklin mutual advisers llc	7.6%	1,866,600	SC 13G/A
Jan 25, 2024	blackrock inc.	8.7%	2,127,591	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	1.5%	357,637	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	5.4%	1,319,542	SC 13G/A
Feb 09, 2023	vanguard group inc	10.77%	2,625,188	SC 13G/A
Feb 06, 2023	victory capital management inc	4.86%	1,185,018	SC 13G/A
Feb 03, 2023	blackrock inc.	8.3%	2,029,432	SC 13G/A
Jan 31, 2023	franklin mutual advisers llc	6.6%	1,613,652	SC 13G/A

Recent SEC filings of McGrath RentCorp

View All Filings

Date Filed	Form Type	Document
May 02, 2024	425	Prospectus Filed
Apr 25, 2024	10-Q	Quarterly Report
Apr 25, 2024	8-K	Current Report
Apr 16, 2024	10-K/A	Annual Report
Apr 04, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading

Peers (Alternatives to McGrath RentCorp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ADP	103.3B	18.9B	3.89%	17.13%	27.92	5.46	7.08%	13.46%
CTAS	70.2B	9.4B	3.55%	46.60%	46.72	7.46	9.34%	15.98%
CPRT	52.4B	4.1B	0.93%	23.38%	38.65	12.91	10.52%	25.37%
EFX	30.8B	5.4B	4.69%	18.29%	55.13	5.75	5.76%	-4.95%
BAH	19.8B	10.3B	8.58%	63.14%	48.27	1.91	13.90%	-5.05%
ALLE	10.9B	3.6B	-1.06%	12.63%	20.13	3	4.33%	10.69%
MID-CAP
RHI	7.4B	6.2B	2.28%	3.37%	21.08	1.21	-13.83%	-42.32%
AL	5.5B	2.7B	1.27%	26.05%	9.4	2.02	15.08%	16.51%
SRCL	4.3B	2.6B	-4.39%	7.90%	-221.54	1.64	-3.11%	-123.81%
ABM	3.0B	8.2B	7.93%	6.44%	11.58	0.36	3.98%	33.49%
SMALL-CAP
AZZ	1.9B	2.7B	1.35%	107.67%	18.93	0.71	104.63%	188.16%
ALTG	285.4M	1.9B	-26.28%	-43.39%	32.07	0.15	15.20%	-4.30%
ARC	118.7M	283.1M	3.77%	-7.09%	13.57	0.42	-0.83%	-20.92%
AQMS	48.7M	212.0K	-14.00%	-58.65%	-1.94	213.63	-40.62%	-60.52%
AWX	9.4M	81.0M	4.35%	-6.98%	-8.5	0.12	-4.98%	-14.33%

McGrath RentCorp News

Latest updates

McGrath RentCorp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-15.2%	188	222	244	203	164	183	174	153	125	94.00	173	146	121	149	156	138	129	147	174	127	122
Cost Of Revenue	-15.2%	95.00	111	132	108	86.00	95.00	98.00	86.00	67.00	45.00	97.00	81.00	64.00	78.00	88.00	74.00	68.00	76.00	95.00	68.00	65.00
Gross Profit	-15.3%	93.00	110	112	95.00	77.00	88.00	77.00	67.00	58.00	49.00	76.00	66.00	57.00	71.00	68.00	63.00	62.00	71.00	78.00	60.00	57.00
S&GA Expenses	9.7%	60.00	55.00	49.00	47.00	57.00	40.00	37.00	34.00	33.00	14.00	40.00	36.00	33.00	30.00	31.00	31.00	32.00	33.00	32.00	31.00	30.00
EBITDA Margin	4.4%	0.38*	0.36*	0.37*	0.37*	0.38*	0.41*	0.45*	0.44*	0.44*	0.43*	0.39*	0.40*	-	-	-	-	-	-	-	-	-
Interest Expenses	4.8%	13.00	12.00	11.00	10.00	7.00	4.00	3.00	2.00	2.00	1.00	3.00	2.00	2.00	2.00	2.00	2.00	3.00	3.00	3.00	3.00	3.00
Income Taxes	-39.6%	7.00	12.00	15.00	10.00	1.00	10.00	9.00	7.00	5.00	10.00	9.00	7.00	5.00	8.00	7.00	8.00	6.00	9.00	11.00	6.00	6.00
Earnings Before Taxes	-31.6%	30.00	44.00	56.00	38.00	13.00	45.00	36.00	31.00	23.00	34.00	33.00	27.00	22.00	39.00	35.00	31.00	27.00	35.00	43.00	26.00	24.00
EBT Margin	8.4%	0.19*	0.18*	0.19*	0.18*	0.18*	0.21*	0.23*	0.22*	0.22*	0.22*	0.21*	0.22*	-	-	-	-	-	-	-	-	-
Net Income	-28.6%	23.00	32.00	40.00	31.00	72.00	40.00	31.00	26.00	19.00	28.00	23.00	21.00	17.00	31.00	28.00	23.00	17.00	26.00	32.00	19.00	18.00
Net Income Margin	-30.0%	0.15*	0.21*	0.23*	0.24*	0.25*	0.18*	0.19*	0.18*	0.17*	0.17*	0.16*	0.17*	-	-	-	-	-	-	-	-	-
Free Cashflow	166.8%	34.00	-51.10	42.00	31.00	29.00	54.00	47.00	29.00	46.00	58.00	40.00	59.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	2.1%	2,263	2,217	2,137	2,109	2,062	1,708	1,678	1,645	1,603	1,596	1,610	1,596	1,272	1,276	1,295	1,312	1,314	1,310	1,306	1,280	1,240
Cash Equivalents	118.0%	2.00	1.00	2.00	2.00	1.00	1.00	2.00	1.00	2.00	1.00	2.00	2.00	2.00	1.00	2.00	1.00	0.00	2.00	2.00	1.00	1.00
Inventory	59.1%	25.00	15.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	139	135	136	134	134	132	131	128	127	128
Goodwill	0%	323	323	324	325	2.00	106	132	132	132	132	132	132	2.00	28.00	28.00	28.00	28.00	28.00	28.00	28.00	-
Liabilities	2.9%	1,320	1,283	1,225	1,229	1,202	904	905	893	865	864	898	898	585	593	634	669	677	676	690	688	659
Shareholder's Equity	1.0%	943	934	911	881	860	804	773	752	738	732	712	698	688	683	662	644	688	634	617	592	581
Retained Earnings	1.3%	834	823	802	773	754	694	666	646	631	623	606	593	583	576	556	538	531	528	511	487	477
Shares Outstanding	0.2%	25.00	24.00	24.00	24.00	24.00	24.00	24.00	24.00	24.00	24.00	24.00	24.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	2,264,372	-	-	-	-	-	-	-	1,959	-	-	-	1,826,964	-	-	-	1,493	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	352.2%	59,420	-23,560	47,452	35,740	35,711	61,134	51,255	30,300	51,743	59,456	38,305	60,373	37,609	48,967	34,015	51,840	45,682	51,125	44,882	45,481	46,506
Share Based Compensation	-27.0%	2,209	3,027	1,891	1,889	1,493	2,894	1,694	1,652	1,760	2,364	1,705	1,820	1,777	655	1,670	1,501	1,723	1,796	1,350	1,354	1,392
Cashflow From Investing	-29.5%	-78,113	-60,321	-31,340	-36,678	-263,529	-44,631	-17,212	-35,045	-34,539	-16,280	-14,575	-312,294	-8,547	-11,538	1,073	-14,322	-28,214	-32,499	-34,263	-48,730	-27,652
Cashflow From Financing	-76.2%	19,728	82,812	-16,379	2,456	227,547	-17,105	-33,217	3,882	-17,093	-44,074	-23,790	252,033	-27,967	-37,802	-33,994	-37,143	-19,512	-18,617	-9,808	3,315	-18,906
Dividend Payments	3.4%	11,774	11,388	11,386	11,382	11,400	11,094	11,092	11,077	11,006	10,547	10,546	10,535	10,554	10,127	10,116	10,157	9,369	9,107	9,095	9,089	8,248
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	117	5,648	7,852	-	-	-	-

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MGRC Income Statement

2024-03-31

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues
Rental	$ 120,332	$ 110,247
Rental related services	29,580	27,132
Rental operations	149,912	137,379
Total revenues	187,827	163,718
Direct costs of rental operations:
Depreciation of rental equipment	22,366	21,833
Rental related services	20,786	19,268
Other	29,010	31,135
Total direct costs of rental operations	72,162	72,236
Costs of sales	22,397	14,115
Total costs of revenues	94,559	86,351
Gross profit	93,268	77,367
Expenses:
Selling and administrative expenses	59,818	57,498
Other income, net	(9,281)
Income from operations	42,731	19,869
Interest expense	12,704	7,464
Foreign currency exchange loss (gain)	132	(226)
Income from continuing operations before provision for income taxes	29,895	12,631
Provision for income taxes from continuing operations	7,047	1,113
Income from continuing operations	22,848	11,518
Discontinued operations:
Income from discontinued operations before provision for income taxes		1,709
Provision for income taxes from discontinued operations		453
Gain on sale of discontinued operations, net of tax		58,883
Income from discontinued operations		60,139
Net income	$ 22,848	$ 71,657
Earnings per share from continuing operations:
Basic	$ 0.93	$ 0.47
Diluted	0.93	0.47
Earnings per share from discontinued operations:
Basic		2.46
Diluted		2.45
Earnings per share:
Basic	0.93	2.93
Diluted	$ 0.93	$ 2.92
Shares used in per share calculation:
Basic	24,513	24,416
Diluted	24,564	24,542
Cash dividends declared per share	$ 0.475	$ 0.465
Sales [Member]
Revenues
Revenues	$ 35,069	$ 23,660
Other [Member]
Revenues
Revenues	$ 2,846	$ 2,679

MGRC Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash	$ 1,912	$ 877
Accounts receivable, net of allowance for credit losses of $2,819 at March 31, 2024 and $2,801 at December 31, 2023	211,950	227,368
Rental equipment, at cost:
Relocatable modular buildings	1,345,919	1,291,093
Portable storage containers	240,517	236,123
Electronic test equipment	370,641	377,587
Rental equipment, gross	1,957,077	1,904,803
Less: accumulated depreciation	(588,535)	(575,480)
Rental equipment, net	1,368,542	1,329,323
Property, plant and equipment, net	189,166	169,114
Inventories	24,548	15,425
Prepaid expenses and other assets	82,066	87,364
Intangible assets, net	62,020	64,588
Goodwill	323,224	323,224
Total assets	2,263,428	2,217,283
Liabilities:
Notes payable	798,561	762,975
Accounts payable	57,162	58,760
Accrued Liabilities	95,725	108,763
Deferred income	122,696	111,428
Deferred income taxes, net	246,264	241,555
Total liabilities	1,320,408	1,283,481
Shareholders’ equity:
Common stock, no par value - Authorized 40,000 shares Issued and outstanding - 24,541 shares as of March 31, 2024 and 24,496 shares as of December 31, 2023	109,249	111,122
Retained earnings	833,820	822,796
Accumulated other comprehensive loss	(49)	(116)
Total shareholders’ equity	943,020	933,802
Total liabilities and shareholders’ equity	$ 2,263,428	$ 2,217,283

About McGrath RentCorp

McGrath RentCorp operates as a business to business rental company in the United States and internationally. It rents and sells relocatable modular buildings, portable storage containers, electronic test equipment, and liquid and solid containment tanks and boxes. The company operates through Mobile Modular, TRS-RenTelco, and Enviroplex segments. The Mobile Modular segment rents and sells modular buildings designed for use as classrooms, temporary offices adjacent to existing facilities, sales offices, construction field offices, restroom buildings, health care clinics, child care facilities, office spaces, and various other purposes; and portable storage containers. The TRS-RenTelco segment rents and sells general purpose electronic test equipment, such as oscilloscopes, amplifiers, analyzers, signal source, and power source test equipment primarily to aerospace, defense, electronics, industrial, research, and semiconductor industries. It also provides communications test equipment, including network and transmission test equipment for various fiber, copper, and wireless networks to the manufacturers of communications equipment and products, electrical and communications installation contractors, field technicians, and service providers. The Enviroplex segment manufactures and sells portable classrooms directly to public school districts and other educational institutions in California. The company was incorporated in 1979 and is based in Livermore, California.

CEO	Mr. Joseph F. Hanna
WEBSITE	mgrc.com
INDUSTRY	Information Technology Services
EMPLOYEES	1218

McGrath RentCorp Frequently Asked Questions

What is the ticker symbol for McGrath RentCorp? What does MGRC stand for in stocks?

MGRC is the stock ticker symbol of McGrath RentCorp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of McGrath RentCorp (MGRC)?

As of Fri May 17 2024, market cap of McGrath RentCorp is 2.74 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MGRC stock?

You can check MGRC's fair value in chart for subscribers.

What is the fair value of MGRC stock?

You can check MGRC's fair value in chart for subscribers. The fair value of McGrath RentCorp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of McGrath RentCorp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MGRC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is McGrath RentCorp a good stock to buy?

The fair value guage provides a quick view whether MGRC is over valued or under valued. Whether McGrath RentCorp is cheap or expensive depends on the assumptions which impact McGrath RentCorp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MGRC.

What is McGrath RentCorp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, MGRC's PE ratio (Price to Earnings) is 21.8 and Price to Sales (PS) ratio is 3.2. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MGRC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on McGrath RentCorp's stock?

In the past 10 years, McGrath RentCorp has provided 0.156 (multiply by 100 for percentage) rate of return.