McGrath RentCorp

Modular Solutions Will Diversify Through New Markets Amid Cyclical Risks

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

24 Sep 24

Updated

08 Dec 25

Views

32

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

-3.9%

7D

-2.4%

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1Y

-3.9%

7D

-2.4%

You can edit this narrative until Dec 9 11:10 PM. Then, changes will post as Updates.

Author's Valuation

US$14726.8% undervalued

AnalystConsensusTarget Fair Value

Shared on 08 Dec 25

Fair value Increased 2.08%

MGRC: Multi Year Rental Visibility Will Support Stronger EBITDA Resilience

Analysts have modestly lifted their price target for McGrath RentCorp to $147 from $144, citing expectations for resilient multi year EBITDA growth supported by Mobile Modular rental expansion, improving visibility on revenue per unit, and stabilizing performance in smaller segments. Analyst Commentary Bullish analysts highlight that the updated valuation reflects confidence in McGrath RentCorp’s ability to sustain adjusted EBITDA growth over a multi year horizon, underpinned by its core Mobile Modular rental platform and improving trends in adjacent businesses.

Shared on 30 Apr 25

Fair value Increased 1.77%

Shared on 23 Apr 25

Fair value Decreased 0.73%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 0.59%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Decreased 0.92%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 11 Mar 25

Fair value Decreased 0.69%

AnalystConsensusTarget has increased revenue growth from 3.7% to 4.8% and increased future PE multiple from 29.5x to 33.9x.

AnalystConsensusTarget Fair Value

US$147

26.8% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

4.50%

Trade Distributors revenue growth rate

0.24%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

8.35%

Calculation

US$191.30m

Earnings '28

x

23.48x

PE Ratio '28

=

US$4.49b

Market Cap '28

US$4.49b

Market Cap '28

/

24.79m

No. shares '28

=

US$181.19

Share Price '28

US$181.19 Share Price '28

Discounted to 2025 @ 8.39% p.a.

=

US$142.29

Fair Value '25