DB:8HY

Stock Analysis Report

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Executive Summary

HyreCar Inc., together with subsidiaries, operates a web-based car-sharing marketplace in the United States.


Snowflake Analysis

Adequate balance sheet with limited growth.


Similar Companies

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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.2%

8HY

2.7%

DE Consumer Services

1.5%

DE Market


1 Year Return

-37.3%

8HY

8.8%

DE Consumer Services

-0.2%

DE Market

Return vs Industry: 8HY underperformed the German Consumer Services industry which returned 6.3% over the past year.

Return vs Market: 8HY underperformed the German Market which returned 0.1% over the past year.


Shareholder returns

8HYIndustryMarket
7 Day6.2%2.7%1.5%
30 Day27.2%5.8%5.7%
90 Day-25.4%0.005%-2.7%
1 Year-37.3%-37.3%10.8%8.8%1.5%-0.2%
3 Yearn/a-4.5%-9.4%-7.1%-14.3%
5 Yearn/a-39.9%-56.4%5.2%-8.3%

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

Valuation

Is HyreCar undervalued compared to its fair value and its price relative to the market?

11.51x

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 (11.5x) compared to the XE Consumer Services industry average (2.9x).


Next Steps

Future Growth

How is HyreCar forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

82.7%

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 (44.8% per year) is forecast to grow faster than the German market (5.8% per year).

High Growth Revenue: 8HY's revenue (44.8% 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


Next Steps

Past Performance

How has HyreCar performed over the past 5 years?

-44.8%

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 -44.8% 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 (20.8%).


Return on Equity

High ROE: 8HY has a negative Return on Equity (-461.94%), as it is currently unprofitable.


Next Steps

Financial Health

How is HyreCar's financial position?


Financial Position Analysis

Short Term Liabilities: 8HY's short term assets ($8.3M) exceed its short term liabilities ($5.3M).

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.


Balance Sheet


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 less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: 8HY has less than a year of cash runway if free cash flow continues to reduce at historical rates of 49% each year


Next Steps

Dividend

What is HyreCar's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 8HY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 8HY's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Joe Furnari (38yo)

3.42yrs

Tenure

US$295,849

Compensation

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 ($USD295.85K) is below average for companies of similar size in the German market ($USD422.82K).

Compensation vs Earnings: Joe's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Joseph Furnari
CEO & Director3.42yrsUS$295.85k3.78% $1.3m
Robert Brogi
Chief Financial Officer1.75yrsUS$289.99k0.90% $320.7k
Henry Park
Chief Operating Officer1.67yrsUS$279.78k0.75% $265.4k
Ken Grimes
Vice President of Engineering1yrno datano data
Michael Furnari
Chief Business Development Officer4.08yrsUS$116.00k3.79% $1.3m

1.8yrs

Average Tenure

43yo

Average Age

Experienced Management: 8HY's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Joseph Furnari
CEO & Director3.42yrsUS$295.85k3.78% $1.3m
Jayaprakash Vijayan
Independent Director1.17yrsUS$110.31k0.21% $75.8k
Brooke Skinner Ricketts
Independent Director1.92yrsUS$106.22k0.63% $222.4k
Grace Mellis
Independent Chairman of the Board1.42yrsUS$160.87k0.49% $173.9k
Michael Root
Independent Director1yrUS$58.59k0.21% $75.8k

1.3yrs

Average Tenure

46yo

Average Age

Experienced Board: 8HY's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 42.6%.


Top Shareholders

Company Information

HyreCar Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: HyreCar Inc.
  • Ticker: 8HY
  • Exchange: DB
  • Founded: 2014
  • Industry: Specialized Consumer Services
  • Sector: Consumer Services
  • Market Cap: US$39.488m
  • Listing Market Cap: US$35.488m
  • Shares outstanding: 17.55m
  • Website: https://www.hyrecar.com

Number of Employees


Location

  • HyreCar Inc.
  • 355 South Grand Avenue
  • Suite 1650
  • Los Angeles
  • California
  • 90071
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HYRENasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJun 2018
8HYBST (Boerse-Stuttgart)YesCommon StockDEEURJun 2018
8HYDB (Deutsche Boerse AG)YesCommon StockDEEURJun 2018

Biography

HyreCar Inc., together with subsidiaries, 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. HyreCar Inc. was founded in 2014 and is headquartered in Los Angeles, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/02 01:49
End of Day Share Price2020/05/29 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.