HyreCar Inc. operates a Web-based car-sharing marketplace in the United States.
Flawless balance sheet with limited growth.
Share Price & News
How has HyreCar's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 8HY has not had significant price volatility in the past 3 months.
7 Day Return
DE Consumer Services
1 Year Return
DE Consumer Services
Return vs Industry: Insufficient data to determine how 8HY performed against the German Consumer Services industry.
Return vs Market: Insufficient data to determine how 8HY performed against the German Market.
Price Volatility Vs. Market
How volatile is HyreCar's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is HyreCar undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate 8HY's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate 8HY's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: 8HY is unprofitable, so we can't compare its PE Ratio to the Consumer Services industry average.
PE vs Market: 8HY is unprofitable, so we can't compare its PE Ratio to the German market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 8HY's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 8HY is overvalued based on its PB Ratio (5.7x) compared to the XE Consumer Services industry average (2.6x).
How is HyreCar forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 8HY is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: 8HY is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: 8HY is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: 8HY's revenue (45.2% per year) is forecast to grow faster than the German market (5.2% per year).
High Growth Revenue: 8HY's revenue (45.2% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 8HY's Return on Equity is forecast to be high in 3 years time
How has HyreCar performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 8HY is currently unprofitable.
Growing Profit Margin: 8HY is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 8HY is unprofitable, and losses have increased over the past 5 years at a rate of -49.1% per year.
Accelerating Growth: Unable to compare 8HY's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 8HY is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Services industry (38.3%).
Return on Equity
High ROE: 8HY has a negative Return on Equity (-86.47%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is HyreCar's financial position?
Financial Position Analysis
Short Term Liabilities: 8HY's short term assets ($13.6M) exceed its short term liabilities ($2.2M).
Long Term Liabilities: 8HY has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 8HY is debt free.
Reducing Debt: 8HY had no debt 5 years ago.
Inventory Level: 8HY has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if 8HY's debt is covered by short term assets.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 8HY has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 8HY has sufficient cash runway for 1.4 years if free cash flow continues to reduce at historical rates of -54.9% each year.
What is HyreCar's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate 8HY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 8HY's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 8HY's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 8HY's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 8HY's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Joe Furnari (38yo)
Mr. Joseph FurnariL, also known as Joe, has been Chief Executive Officer at HyreCar Inc. since January 2017 and served as its Chief Financial Officer since August 2016 to September 27, 2018. He serves as a ...
CEO Compensation Analysis
Compensation vs Market: Joe's total compensation ($USD125.67K) is below average for companies of similar size in the German market ($USD413.13K).
Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.
|CEO & Director||3.1yrs||US$125.67k||3.44% $2.1m|
|Chief Business Development Officer||0yrs||US$116.00k||3.61% $2.2m|
|Chief Financial Officer||1.4yrs||no data||0.17% $102.0k|
|Chief Operating Officer||1.3yrs||no data||no data|
|Vice President of Engineering||0.7yrs||no data||no data|
Experienced Management: 8HY's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
|CEO & Director||3.1yrs||US$125.67k||3.44% $2.1m|
|Independent Director||0.8yrs||no data||no data|
|Independent Director||1.6yrs||US$334.23k||no data|
|Independent Chairman of the Board||1.1yrs||US$458.00k||0.52% $320.6k|
|Independent Director||0.7yrs||no data||no data|
Experienced Board: 8HY's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 8HY insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 81.4%.
HyreCar Inc.'s company bio, employee growth, exchange listings and data sources
- Name: HyreCar Inc.
- Ticker: 8HY
- Exchange: BST
- Founded: 2014
- Industry: Specialized Consumer Services
- Sector: Consumer Services
- Market Cap: US$66.368m
- Listing Market Cap: US$61.098m
- Shares outstanding: 16.39m
- Website: https://www.hyrecar.com
Number of Employees
- HyreCar Inc.
- 355 South Grand Avenue
- Suite 1650
- Los Angeles
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HYRE||NasdaqCM (Nasdaq Capital Market)||Yes||Common Stock||US||USD||Jun 2018|
|8HY||BST (Boerse-Stuttgart)||Yes||Common Stock||DE||EUR||Jun 2018|
|8HY||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jun 2018|
HyreCar Inc. operates a Web-based car-sharing marketplace in the United States. Its marketplace allows car owners to rent their idle cars to ride-sharing service drivers, such as Uber and Lyft drivers. The company was founded in 2014 and is headquartered in Los Angeles, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/22 23:54|
|End of Day Share Price||2020/02/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.