MGRC - Intrinsic Value and Financial Analysis - McGrath RentCorp

McGrath RentCorp MGRC

Industrials - Rental & Leasing Services - NASDAQ - US

Watchlist

$ 116.81

-3.12 %

$ 2.87 B

Market Cap

12.64

P/E

BALANCE SHEET

2.22 B ASSETS

Growth Rates

1Year 29.83%

3Years 20.23%

5Years 12.74%

7Years 10.13%

10Years 8.08%

1.28 B LIABILITIES

Growth Rates

1Year 41.99%

3Years 29.34%

5Years 14.73%

7Years 8.31%

10Years 7.57%

934 M EQUITY

Growth Rates

1Year 16.15%

3Years 11.01%

5Years 10.32%

7Years 13.11%

10Years 8.82%

BALANCE SHEET DECOMPOSITION

Balance Sheet Decomposition McGrath RentCorp

2.22 B ASSETS
1.28 B LIABILITIES

Current Assets	228 M
Cash & Short-Term Investments	877 K
Receivables	227 M
Other Current Assets	0
Non-Current Assets	1.99 B
Long-Term Investments	0
PP&E	1.51 B
Other Non-Current Assets	476 M

Current Liabilities	111 M
Accounts Payable	153 M
Short-Term Debt	0
Other Current Liabilities	-41.3 M
Non-Current Liabilities	1 B
Long-Term Debt	771 M
Other Non-Current Liabilities	234 M

Balance Sheet

Millions

	Dec-2023	Dec-2022	Dec-2021	Dec-2020	Dec-2019	Dec-2018	Dec-2017	Dec-2016	Dec-2015	Dec-2014	Dec-2013	Dec-2012	Dec-2011	Dec-2010	Dec-2009	Dec-2008	Dec-2007	Dec-2006	Dec-2005	Dec-2004	Dec-2003	Dec-2002	Dec-2001	Dec-2000	Dec-1999	Dec-1998	Dec-1997	Dec-1996	Dec-1995	Dec-1994	Dec-1993	Dec-1992	Dec-1991	Dec-1990	Dec-1989	Dec-1988	Dec-1987	Dec-1986	Dec-1985
ASSETS
Cash & Cash Equivalents	0.9	1.0	1.5	1.2	2.3	1.5	2.5	0.9	1.1	1.2	1.6	1.6	1.2	1.0	1.2	1.3	5.1	0.3	0.3	0.2	4 K	4 K	4 K	0.6	0.5	0.9	0.5	0.7	0.2	1.2	0.4	0.9	0.3	0.4	0.3	0	0	0	0
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Receivables	227.4	169.9	159.5	123.3	128.1	121.0	105.9	96.9	95.0	101.3	87.7	92.3	92.7	82.6	76.8	93.9	67.1	59.8	63.7	53.8	32.2	33.2	36.9	45.7	25.1	21.8	21.8	19.9	13.2	12.7	11.0	8.2	7.9	7.2	6.6	0	0	0	0
Inventory	0	(59.8)	1	1	2	(31.8)	(22.5)	(25.6)	(28.7)	1	(19.7)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Assets	0	196.2	43.9	33.2	35.5	31.8	22.5	25.6	28.8	41.4	27.8	19.5	17.2	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Current Assets	228.2	191.0	161.0	124.6	130.4	122.5	108.4	97.7	107.4	143.9	89.3	113.4	93.9	83.6	78.0	95.3	72.2	60.2	64.0	54.0	32.2	33.3	36.9	46.3	25.6	22.7	22.3	20.6	13.4	13.9	11.4	9.1	8.2	7.6	6.9	0	0	0	0
PP&E	1 513.2	1 272.0	1 200.5	1 074.3	1 098.5	1 027.9	981.5	968.6	979.4	934.4	872.2	819.9	767.8	675.4	624.3	629.0	552.5	509.5	462.4	405.5	279.3	270.3	307.3	299.9	268.2	250.5	174.1	137.3	127.6	154.0	148.1	133.7	127.0	103.3	91.2	0	0	0	0
Intangible Assets	64.6	41.1	47.0	7.1	7.3	7.3	7.7	8.6	9.5	10.3	10.7	11.5	12.3	12.9	13.7	14.1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Goodwill	323.2	132.3	132.4	28.2	28.2	27.8	27.8	27.8	27.8	27.8	27.7	27.7	27.7	27.7	27.7	27.5	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	0	0	(242.4)	(216.1)	(218.3)	(206.7)	(194.6)	(292.0)	(283.4)	(310.3)	(241.2)	(246.1)	(205.4)	(179.5)	(167.5)	(145.6)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Long Term Assets	88.0	(175.5)	54.9	41.5	45.4	31.8	22.5	25.6	28.7	41.4	19.7	19.5	17.2	13.9	14.2	18.6	(98.3)	(88.5)	(82.4)	(74.0)	(66.7)	(58.7)	(56.3)	11.0	3.9	5.5	56.0	42.1	34.1	2.0	1.9	1.4	1.8	8.3	7.7	91.9	81.4	65.7	29.1
Other Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	2 217.3	1 707.8	1 595.9	1 275.7	1 309.9	1 217.3	1 147.9	1 128.3	1 152.7	1 116.4	1 019.6	972.4	918.9	813.6	757.9	784.5	642.2	585.5	542.4	474.3	323.9	313.1	354.9	357.2	297.7	278.7	252.4	200.0	175.1	169.9	161.4	144.2	137.0	119.2	105.8	91.9	81.4	65.7	29.1
LIABILITIES
Accounts Payable	152.8	139.6	125.3	100.0	99.2	90.8	86.4	78.2	71.9	71.4	63.3	52.2	0	265.6	0	0	55.6	55.5	51.7	39.5	28.7	29.9	30.7	37.0	24.8	23.0	27.0	15.3	11.7	9.6	8.1	6.8	7.3	6.4	4.6	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	265.6	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	35.0	0	0	0	0	0	0	0
Other Current Liabilities	(152.8)	(139.6)	(125.3)	(100.0)	(99.2)	(90.8)	(86.4)	(78.2)	(71.9)	(71.4)	(63.3)	(52.2)	0	(531.3)	0	0	(55.6)	0	(51.7)	(39.5)	47.3	55.5	0	19.2	9.5	5.5	0	0	0	0	0	33.7	0	0	0	0	0	0	0
Total Current Liabilities	111.4	243.2	195.0	154.3	164.1	140.6	125.6	115.7	108.2	100.5	87.3	79.1	289.3	518.6	243.2	229.1	84.6	81.4	344.0	215.7	97.9	102.7	49.2	56.3	34.3	28.5	27.0	15.3	11.7	9.6	8.1	75.5	7.3	6.4	4.6	0	0	0	0
Long Term Debt	770.9	425.3	426.5	222.8	293.4	298.6	303.4	326.3	381.3	322.5	290.0	302.0	296.5	265.6	247.3	305.5	197.7	165.6	163.2	148.8	0	0	104.1	126.9	110.3	97.0	82.0	53.9	37.1	36.0	40.1	0	36.9	46.2	46.9	0	0	0	0
Deferred Tax Income	0	246.9	242.4	216.1	218.3	206.7	194.6	292.0	283.4	268.9	241.0	226.6	0	0	0	145.6	115.9	104.4	0	88.7	79.1	68.3	67.0	61.7	54.9	45.2	36.2	36.9	34.5	33.3	30.4	0	22.0	18.2	15.3	0	0	0	0
Other Liabilities	233.6	92.0	58.7	278.4	272.5	247.8	241.8	332.7	319.2	42.2	280.5	25.3	264.2	229.2	218.4	201.1	0	0	54.9	(148.8)	0	0	0	0	0	0	7.1	5.1	5.9	7.2	6.7	0	7.0	6.9	5.0	57.2	52.8	42.8	17.5
Total Liabilities	1 283.5	903.9	863.9	593.1	675.8	645.8	623.7	734.0	773.0	691.9	618.5	607.7	585.8	518.6	490.5	534.6	398.2	351.3	344.0	304.5	177.0	171.0	220.3	244.8	199.5	170.7	152.3	111.2	89.2	86.1	85.3	75.5	73.2	77.7	71.8	57.2	52.8	42.8	17.5
EQUITY
Common Stock	111.1	110.1	108.6	106.3	106.4	103.8	102.9	101.8	101.0	106.5	103.0	85.3	0	0	0	45.8	0	0	26.2	21.6	17.9	16.3	12.8	9.0	8.8	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings	822.8	693.9	623.5	576.4	527.7	467.8	421.4	292.5	278.7	318.2	298.0	279.4	258.3	231.4	216.5	204.1	202.1	196.8	172.2	145.3	126.1	122.7	118.8	100.0	86.6	97.3	90.9	81.6	77.0	67.8	831.3	50.3	43.8	35.4	28.3	21.2	14.8	9.2	6.3
Other Accumulative Comprehensive Income/Loss	(0.1)	78 K	54 K	(0.1)	70 K	49 K	(0.2)	55 K	67 K	(0.1)	31 K	(393.3)	(357.8)	(332.2)	(298.4)	(270.5)	(236.6)	(200.2)	(156.5)	(142.2)	(117.4)	(113.3)	(129.6)	(106.1)	(94.1)	(83.0)	(75.6)	(64.4)	(57.9)	(50.6)	(43.5)	(35.2)	(29.5)	(22.0)	(16.8)	0	0	0	0
Total Equity	933.8	803.9	732.0	682.6	634.0	571.5	524.2	394.3	379.7	424.5	401.0	364.7	333.1	295.0	267.4	249.9	244.0	234.3	198.5	169.8	146.9	142.1	134.5	112.5	98.2	108.0	100.1	88.8	85.9	83.8	76.1	68.7	63.8	41.5	34.0	34.7	28.6	22.9	11.6
Total Liabilities and Equity	2 217.3	1 707.8	1 595.9	1 275.7	1 309.9	1 217.3	1 147.9	1 128.3	1 152.7	1 116.4	1 019.6	972.4	918.9	813.6	757.9	784.5	642.2	585.5	542.4	474.3	323.9	313.1	354.9	357.2	297.7	278.7	252.4	200.0	175.1	169.9	161.4	144.2	137.0	119.2	105.8	91.9	81.4	65.7	29.1
SHARES OUTSTANDING
Common Shares Outstanding	24.5	24.4	24.2	24.2	24.2	24.1	24.0	23.9	25.4	25.9	25.4	24.8	24.3	23.9	23.7	23.7	25.2	24.9	24.7	24.3	24.2	24.9	24.5	24.7	26.5	28.3	30.0	30.6	32.3	32.9	33.1	34.2	32.8	30.2	30.9	34.6	35.0	32.2	28.6

Balance Sheet

Premium Plan

Unlimited Plan