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General Finance

Nasdaq:GFN
Snowflake Description

Mediocre balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GFN
Nasdaq
$276M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

General Finance Corporation, a specialty rental services company, provides portable storage, modular space, and liquid containment solutions in North America and the Asia-Pacific regions. The last earnings update was 71 days ago. More info.


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GFN Share Price and Events
7 Day Returns
-1.1%
NasdaqGM:GFN
1.9%
US Trade Distributors
-0.8%
US Market
1 Year Returns
4.6%
NasdaqGM:GFN
-0.3%
US Trade Distributors
7%
US Market
GFN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
General Finance (GFN) -1.1% -3.5% -8.6% 4.6% 101.3% 2.2%
US Trade Distributors 1.9% 10.9% 8.4% -0.3% 34.9% 20.4%
US Market -0.8% 2.7% 7.5% 7% 37.9% 47%
1 Year Return vs Industry and Market
  • GFN outperformed the Trade Distributors industry which returned -0.3% over the past year.
  • GFN underperformed the Market in United States of America which returned 7% over the past year.
Price Volatility
GFN
Industry
5yr Volatility vs Market
Related Companies

Value

 Is General Finance undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of General Finance to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for General Finance.

NasdaqGM:GFN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:GFN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.939 (1 + (1- 21%) (149.48%))
1.701
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.7
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.701 * 5.96%)
12.87%

Discounted Cash Flow Calculation for NasdaqGM:GFN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for General Finance is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGM:GFN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 12.87%)
2019 43.80 Est @ 41.12% 38.81
2020 56.77 Est @ 29.6% 44.56
2021 69.00 Est @ 21.54% 47.99
2022 79.97 Est @ 15.9% 49.27
2023 89.53 Est @ 11.95% 48.87
2024 97.75 Est @ 9.18% 47.27
2025 104.83 Est @ 7.25% 44.92
2026 111.01 Est @ 5.89% 42.14
2027 116.49 Est @ 4.94% 39.18
2028 121.48 Est @ 4.28% 36.20
Present value of next 10 years cash flows $439.22
NasdaqGM:GFN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $121.48 × (1 + 2.73%) ÷ (12.87% – 2.73%)
$1,230.65
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,230.65 ÷ (1 + 12.87%)10
$366.71
NasdaqGM:GFN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $439.22 + $366.71
$805.92
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $805.92 / 30.31
$26.59
NasdaqGM:GFN Discount to Share Price
Calculation Result
Value per share (USD) From above. $26.59
Current discount Discount to share price of $9.10
= -1 x ($9.10 - $26.59) / $26.59
65.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price General Finance is available for.
Intrinsic value
>50%
Share price is $9.1 vs Future cash flow value of $26.59
Current Discount Checks
For General Finance to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • General Finance's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • General Finance's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for General Finance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are General Finance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:GFN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.67
NasdaqGM:GFN Share Price ** NasdaqGM (2019-04-22) in USD $9.1
United States of America Trade Distributors Industry PE Ratio Median Figure of 41 Publicly-Listed Trade Distributors Companies 15.81x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.21x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of General Finance.

NasdaqGM:GFN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:GFN Share Price ÷ EPS (both in USD)

= 9.1 ÷ -0.67

-13.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • General Finance is loss making, we can't compare its value to the US Trade Distributors industry average.
  • General Finance is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does General Finance's expected growth come at a high price?
Raw Data
NasdaqGM:GFN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -13.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
104.4%per year
United States of America Trade Distributors Industry PEG Ratio Median Figure of 33 Publicly-Listed Trade Distributors Companies 1.3x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for General Finance, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on General Finance's assets?
Raw Data
NasdaqGM:GFN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $4.39
NasdaqGM:GFN Share Price * NasdaqGM (2019-04-22) in USD $9.1
United States of America Trade Distributors Industry PB Ratio Median Figure of 53 Publicly-Listed Trade Distributors Companies 1.56x
United States of America Market PB Ratio Median Figure of 5,186 Publicly-Listed Companies 1.91x
NasdaqGM:GFN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:GFN Share Price ÷ Book Value per Share (both in USD)

= 9.1 ÷ 4.39

2.07x

* Primary Listing of General Finance.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • General Finance is overvalued based on assets compared to the US Trade Distributors industry average.
X
Value checks
We assess General Finance's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check)
  5. General Finance has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is General Finance expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
104.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is General Finance expected to grow at an attractive rate?
  • General Finance's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • General Finance's earnings growth is expected to exceed the United States of America market average.
  • General Finance's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:GFN Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:GFN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 104.4%
NasdaqGM:GFN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 3.2%
United States of America Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
United States of America Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:GFN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:GFN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 404 18 1
2020-06-30 395 63 18 2
2019-06-30 380 61 0 2
NasdaqGM:GFN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 374 64 -18
2018-09-30 368 58 -11
2018-06-30 347 59 -12
2018-03-31 327 48 -2
2017-12-31 311 39 -3
2017-09-30 291 40 -5
2017-06-30 277 35 -7
2017-03-31 276 34 -9
2016-12-31 274 34 -10
2016-09-30 285 34 -9
2016-06-30 286 49 -9
2016-03-31 279 51 -8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • General Finance's earnings are expected to grow significantly at over 20% yearly.
  • General Finance's revenue is expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:GFN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from General Finance Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:GFN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.60 0.60 0.60 1.00
2020-06-30 0.61 0.65 0.56 2.00
2019-06-30 0.01 0.01 0.01 2.00
NasdaqGM:GFN Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.67
2018-09-30 -0.42
2018-06-30 -0.46
2018-03-31 -0.08
2017-12-31 -0.10
2017-09-30 -0.21
2017-06-30 -0.25
2017-03-31 -0.33
2016-12-31 -0.38
2016-09-30 -0.35
2016-06-30 -0.35
2016-03-31 -0.32

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if General Finance will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess General Finance's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
General Finance has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has General Finance performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare General Finance's growth in the last year to its industry (Trade Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • General Finance does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare General Finance's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare General Finance's 1-year growth to the US Trade Distributors industry average as it is not currently profitable.
Earnings and Revenue History
General Finance's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from General Finance Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:GFN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 374.04 -18.35 79.86
2018-09-30 368.18 -11.17 77.23
2018-06-30 347.30 -11.96 77.49
2018-03-31 326.81 -2.16 73.63
2017-12-31 310.85 -2.76 71.91
2017-09-30 291.05 -5.45 70.64
2017-06-30 276.93 -6.62 67.66
2017-03-31 275.92 -8.68 68.84
2016-12-31 273.92 -9.88 68.37
2016-09-30 284.86 -9.14 68.04
2016-06-30 285.85 -9.03 68.28
2016-03-31 278.81 -8.30 65.79
2015-12-31 281.73 -6.76 66.44
2015-09-30 287.17 -2.26 68.11
2015-06-30 303.83 3.48 70.32
2015-03-31 328.59 7.38 73.29
2014-12-31 324.88 10.19 70.11
2014-09-30 301.80 7.22 66.23
2014-06-30 287.11 3.90 61.44
2014-03-31 262.02 3.24 56.02
2013-12-31 260.18 2.89 55.17
2013-09-30 257.90 2.98 54.64
2013-06-30 245.54 3.55 53.39
2013-03-31 235.76 3.55 51.70
2012-12-31 228.08 4.02 49.65
2012-09-30 212.84 2.36 47.49
2012-06-30 212.24 2.44 45.77

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if General Finance has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • General Finance used its assets less efficiently than the US Trade Distributors industry average last year based on Return on Assets.
  • It is difficult to establish if General Finance improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess General Finance's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
General Finance has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is General Finance's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up General Finance's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • General Finance is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • General Finance's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of General Finance's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from General Finance Company Filings, last reported 3 months ago.

NasdaqGM:GFN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 173.80 412.29 5.85
2018-09-30 178.84 406.37 9.54
2018-06-30 141.79 427.44 21.62
2018-03-31 153.17 439.68 10.83
2017-12-31 153.61 440.07 5.51
2017-09-30 150.86 435.69 10.23
2017-06-30 223.25 355.73 7.79
2017-03-31 223.03 365.60 8.22
2016-12-31 219.30 361.79 6.39
2016-09-30 224.57 366.44 9.40
2016-06-30 224.61 353.09 9.34
2016-03-31 229.90 360.39 7.05
2015-12-31 227.92 359.35 4.27
2015-09-30 220.99 352.21 8.72
2015-06-30 234.36 358.16 3.72
2015-03-31 237.53 374.98 8.55
2014-12-31 245.83 359.71 6.29
2014-09-30 249.08 319.95 9.39
2014-06-30 257.89 303.88 5.85
2014-03-31 241.52 216.51 8.35
2013-12-31 234.93 199.91 2.45
2013-09-30 236.92 189.60 3.13
2013-06-30 234.14 164.16 6.28
2013-03-31 204.74 214.24 2.74
2012-12-31 202.83 212.91 5.59
2012-09-30 197.23 189.74 6.28
2012-06-30 194.00 175.63 7.09
  • General Finance's level of debt (237.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (85.1% vs 237.2% today).
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.

  • Whilst loss making General Finance has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making General Finance has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -30.6% per year.
X
Financial health checks
We assess General Finance's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. General Finance has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from General Finance dividends.
If you bought $2,000 of General Finance shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate General Finance's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate General Finance's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:GFN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:GFN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-06-30
2020-06-30
2019-06-30

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as General Finance has not reported any payouts.
  • Unable to verify if General Finance's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of General Finance's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as General Finance has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess General Finance's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can General Finance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. General Finance has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of General Finance's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jody Miller
COMPENSATION $1,082,585
AGE 50
TENURE AS CEO 1.3 years
CEO Bio

Mr. Jody E. Miller has been the Chief Executive Officer of General Finance Corp. since January 2018 and as its President since January 2017 and a Director since December 2017. Mr. Miller served as an Executive Vice President of General Finance Corp. from June 2015 to January 2017. Since July 2017, Mr. Miller has also served as the President of Southern Frac LLC, the Chief Executive Officer of GFN Manufacturing Corporation and GFN North America Corp. and the Chief Executive Officer of Lone Star Tank Rental Inc. Mr. Miller has also served as the Chief Executive Officer of GFN North America Leasing Corporation since June 2016. Mr. Miller has served as director of GFN Manufacturing Corporation, Lone Star Tank Rental Inc., GFN North America Leasing Corporation, GFN U.S. Australasia Holdings, Inc. and Royal Wolf Holdings Limited since June 2014, September 2014, June 2016, June 2016 and July 2016, respectively. Mr. Miller served as a consultant to GFN Manufacturing Corporation from May 2013 to June 2015. Mr. Miller has over 25 years of experience in the equipment rental industry, including five years at Mobile Mini, Inc. as Executive Vice President and Chief Operations Officer, five years at Mobile Storage Group, Inc. as Senior Vice President and fifteen years at RSC Holdings, Inc. where he held many positions including Regional Vice President for seven years. Mr. Miller is a 1990 graduate of Central Missouri State University.

CEO Compensation
  • Jody's compensation has been consistent with company performance over the past year.
  • Jody's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the General Finance management team in years:

9.5
Average Tenure
57
Average Age
  • The average tenure for the General Finance management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ronald Valenta

TITLE
Executive Chairman of the Board
COMPENSATION
$1M
AGE
59

Jody Miller

TITLE
President
COMPENSATION
$1M
AGE
50
TENURE
1.3 yrs

Charles Barrantes

TITLE
Executive VP & CFO
COMPENSATION
$728K
AGE
66
TENURE
12.6 yrs

Jeffrey Kluckman

TITLE
Executive Vice President of Global Business Development
COMPENSATION
$722K
AGE
57
TENURE
7.6 yrs

Neil Littlewood

TITLE
Chief Executive Officer of Royal Wolf Holdings Limited
COMPENSATION
$2M
AGE
57
TENURE
2.8 yrs

Larry Clark

TITLE
Sr. Vice President

Christopher Wilson

TITLE
General Counsel
COMPENSATION
$371K
AGE
51
TENURE
11.3 yrs

Ted Mourouzis

TITLE
CEO & President of Pac-Van Inc
COMPENSATION
$443K
AGE
54
TENURE
12.7 yrs
Board of Directors Tenure

Average tenure and age of the General Finance board of directors in years:

4.8
Average Tenure
60
Average Age
  • The tenure for the General Finance board of directors is about average.
Board of Directors

Jody Miller

TITLE
President
COMPENSATION
$1M
AGE
50
TENURE
1.3 yrs

James Roszak

TITLE
Lead Independent Director
COMPENSATION
$129K
AGE
76
TENURE
4.8 yrs

Ronald Valenta

TITLE
Executive Chairman of the Board
COMPENSATION
$1M
AGE
59
TENURE
4.8 yrs

Susan Harris

TITLE
Director
COMPENSATION
$107K
AGE
60
TENURE
10.3 yrs

Larry Tashjian

TITLE
Director
COMPENSATION
$103K
AGE
65
TENURE
5.2 yrs

Manuel Marrero

TITLE
Director
COMPENSATION
$85K
AGE
60
TENURE
13.4 yrs

Bill Baribault

TITLE
Director
COMPENSATION
$97K
AGE
72
TENURE
3.3 yrs

Doug Trussler

TITLE
Director
AGE
47
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
08. Jan 19 Sell Ronald Valenta Individual 08. Jan 19 08. Jan 19 -60,000 $10.86 $-651,600
19. Nov 18 Sell Gagnon Securities LLC Company 15. Nov 18 16. Nov 18 -2,077 $14.29 $-29,653
16. Nov 18 Sell Gagnon Securities LLC Company 14. Nov 18 14. Nov 18 -420 $14.29 $-6,004
16. Oct 18 Buy James Roszak Individual 16. Oct 18 16. Oct 18 1,670 $14.43 $24,095
11. Sep 18 Sell Gagnon Advisors, LLC Company 07. Sep 18 07. Sep 18 -26,500 $14.24 $-377,381
11. Sep 18 Sell Neil Gagnon Individual 07. Sep 18 10. Sep 18 -74,098 $14.47 $-1,056,281
11. Sep 18 Sell Gagnon Securities LLC Company 07. Sep 18 07. Sep 18 -2,271 $14.24 $-32,309
06. Sep 18 Sell Neil Gagnon Individual 04. Sep 18 05. Sep 18 -18,641 $14.00 $-250,520
06. Sep 18 Buy Havner Family Trust Company 05. Sep 18 05. Sep 18 10,600 $13.49 $142,994
05. Sep 18 Buy Havner Family Trust Company 04. Sep 18 04. Sep 18 5,000 $13.68 $68,400
04. Sep 18 Buy Havner Family Trust Company 31. Aug 18 31. Aug 18 5,000 $13.35 $66,750
31. Aug 18 Buy Havner Family Trust Company 29. Aug 18 30. Aug 18 15,000 $13.25 $198,650
29. Aug 18 Sell Gagnon Advisors, LLC Company 27. Aug 18 28. Aug 18 -36,856 $14.25 $-521,105
29. Aug 18 Sell Neil Gagnon Individual 28. Aug 18 28. Aug 18 -19,162 $14.17 $-271,587
29. Aug 18 Sell Gagnon Securities LLC Company 27. Aug 18 28. Aug 18 -5,002 $14.25 $-70,732
27. Aug 18 Buy Havner Family Trust Company 24. Aug 18 24. Aug 18 10,000 $13.80 $138,000
24. Aug 18 Buy Havner Family Trust Company 23. Aug 18 23. Aug 18 5,000 $13.85 $69,250
24. Aug 18 Sell Gagnon Advisors, LLC Company 21. Aug 18 21. Aug 18 -5,388 $14.00 $-75,432
24. Aug 18 Sell Gagnon Securities LLC Company 21. Aug 18 21. Aug 18 -561 $14.00 $-7,854
23. Aug 18 Buy Havner Family Trust Company 22. Aug 18 22. Aug 18 16,500 $13.90 $229,350
21. Aug 18 Sell Gagnon Advisors, LLC Company 17. Aug 18 20. Aug 18 -19,191 $14.00 $-268,674
21. Aug 18 Sell Gagnon Securities LLC Company 17. Aug 18 20. Aug 18 -2,001 $14.00 $-28,014
20. Aug 18 Buy Havner Family Trust Company 16. Aug 18 17. Aug 18 38,500 $13.88 $528,580
16. Aug 18 Buy Havner Family Trust Company 15. Aug 18 15. Aug 18 24,023 $13.46 $323,350
15. Aug 18 Buy Havner Family Trust Company 14. Aug 18 14. Aug 18 15,977 $13.64 $217,926
14. Aug 18 Sell Gagnon Advisors, LLC Company 13. Aug 18 13. Aug 18 -3,288 $14.00 $-46,032
14. Aug 18 Sell Gagnon Securities LLC Company 13. Aug 18 13. Aug 18 -342 $14.00 $-4,788
14. Aug 18 Buy Havner Family Trust Company 13. Aug 18 13. Aug 18 1,072 $13.99 $14,997
13. Aug 18 Buy Havner Family Trust Company 10. Aug 18 10. Aug 18 13,928 $13.49 $187,889
13. Aug 18 Buy Havner Family Trust Company 01. Jun 18 09. Aug 18 28,757 $13.95 $382,176
09. Aug 18 Buy Havner Family Trust Company 08. Aug 18 08. Aug 18 5,024 $13.28 $66,719
08. Aug 18 Buy Havner Family Trust Company 07. Aug 18 07. Aug 18 5,000 $13.52 $67,600
07. Aug 18 Buy Havner Family Trust Company 06. Aug 18 06. Aug 18 5,000 $13.64 $68,200
06. Aug 18 Buy Havner Family Trust Company 02. Aug 18 03. Aug 18 9,409 $13.75 $129,134
02. Aug 18 Buy Havner Family Trust Company 01. Aug 18 01. Aug 18 600 $13.50 $8,100
01. Aug 18 Buy Havner Family Trust Company 31. Jul 18 31. Jul 18 3,285 $13.39 $43,986
31. Jul 18 Buy Havner Family Trust Company 27. Jul 18 30. Jul 18 29,780 $13.55 $399,197
30. Jul 18 Sell Gagnon Advisors, LLC Company 26. Jul 18 26. Jul 18 -7,252 $14.01 $-101,611
30. Jul 18 Sell Gagnon Securities LLC Company 26. Jul 18 26. Jul 18 -657 $14.01 $-9,205
27. Jul 18 Buy Havner Family Trust Company 25. Jul 18 25. Jul 18 5,000 $14.03 $70,150
26. Jul 18 Sell Gagnon Advisors, LLC Company 24. Jul 18 25. Jul 18 -16,518 $14.00 $-231,288
26. Jul 18 Sell Gagnon Securities LLC Company 24. Jul 18 25. Jul 18 -1,495 $14.00 $-20,933
25. Jul 18 Buy Havner Family Trust Company 23. Jul 18 24. Jul 18 9,793 $14.00 $137,115
24. Jul 18 Sell Gagnon Advisors, LLC Company 20. Jul 18 23. Jul 18 -13,389 $14.00 $-187,462
24. Jul 18 Sell Gagnon Securities LLC Company 20. Jul 18 23. Jul 18 -1,212 $14.00 $-16,969
20. Jul 18 Sell Gagnon Advisors, LLC Company 18. Jul 18 18. Jul 18 -367 $14.00 $-5,138
20. Jul 18 Sell Gagnon Securities LLC Company 18. Jul 18 18. Jul 18 -33 $14.00 $-462
19. Jul 18 Buy Havner Family Trust Company 18. Jul 18 18. Jul 18 7 $13.50 $95
17. Jul 18 Sell Gagnon Advisors, LLC Company 13. Jul 18 13. Jul 18 -35,853 $14.00 $-501,942
17. Jul 18 Sell Gagnon Securities LLC Company 13. Jul 18 13. Jul 18 -3,247 $14.00 $-45,458
17. Jul 18 Buy Havner Family Trust Company 16. Jul 18 16. Jul 18 5,200 $13.37 $69,547
12. Jul 18 Sell Neil Gagnon Individual 11. Jul 18 11. Jul 18 -27,041 $13.95 $-377,222
16. Jul 18 Sell Gagnon Advisors, LLC Company 12. Jul 18 12. Jul 18 -76,688 $14.05 $-1,077,367
16. Jul 18 Sell Gagnon Securities LLC Company 12. Jul 18 12. Jul 18 -6,945 $14.05 $-97,568
16. Jul 18 Buy Havner Family Trust Company 13. Jul 18 13. Jul 18 5,000 $13.88 $69,389
12. Jul 18 Sell Gagnon Advisors, LLC Company 10. Jul 18 11. Jul 18 -55,351 $14.04 $-776,894
12. Jul 18 Sell Gagnon Securities LLC Company 10. Jul 18 11. Jul 18 -5,011 $14.04 $-70,325
12. Jul 18 Buy Havner Family Trust Company 11. Jul 18 11. Jul 18 3,490 $13.95 $48,686
10. Jul 18 Buy Havner Family Trust Company 09. Jul 18 09. Jul 18 1,510 $13.85 $20,911
09. Jul 18 Buy Havner Family Trust Company 06. Jul 18 06. Jul 18 5,000 $14.00 $70,000
03. Jul 18 Sell Neil Gagnon Individual 29. Jun 18 29. Jun 18 -5,111 $13.50 $-68,975
03. Jul 18 Sell Gagnon Securities LLC Company 29. Jun 18 29. Jun 18 -505 $13.50 $-6,815
03. Jul 18 Buy Havner Family Trust Company 29. Jun 18 02. Jul 18 8,900 $13.70 $121,227
02. Jul 18 Buy Havner Family Trust Company 28. Jun 18 28. Jun 18 1,100 $13.15 $14,460
28. Jun 18 Buy Havner Family Trust Company 27. Jun 18 27. Jun 18 5,000 $13.38 $66,875
28. Jun 18 Buy Havner Family Trust Company 25. Jun 18 26. Jun 18 57,637 $13.13 $736,865
25. Jun 18 Buy Havner Family Trust Company 22. Jun 18 22. Jun 18 87,363 $12.05 $1,052,724
21. Jun 18 Buy Havner Family Trust Company 19. Jun 18 20. Jun 18 20,000 $12.00 $239,850
19. Jun 18 Buy Havner Family Trust Company 18. Jun 18 18. Jun 18 10,000 $11.95 $119,500
14. Jun 18 Buy Havner Family Trust Company 13. Jun 18 13. Jun 18 30,000 $11.38 $341,400
13. Jun 18 Buy Havner Family Trust Company 11. Jun 18 12. Jun 18 557,060 $11.40 $6,195,178
12. Jun 18 Sell Gagnon Advisors, LLC Company 11. Jun 18 11. Jun 18 -45,206 $11.10 $-501,814
12. Jun 18 Sell Neil Gagnon Individual 11. Jun 18 11. Jun 18 -144,326 $11.12 $-1,604,920
12. Jun 18 Sell Gagnon Securities LLC Company 11. Jun 18 11. Jun 18 -6,812 $11.12 $-75,644
11. Jun 18 Sell Gagnon Advisors, LLC Company 07. Jun 18 07. Jun 18 -11,007 $11.09 $-122,060
11. Jun 18 Buy Havner Family Trust Company 07. Jun 18 07. Jun 18 7,778 $11.04 $85,869
08. Jun 18 Buy Havner Family Trust Company 06. Jun 18 06. Jun 18 5,162 $11.00 $56,782
07. Jun 18 Sell Gagnon Advisors, LLC Company 05. Jun 18 06. Jun 18 -12,693 $11.10 $-140,897
07. Jun 18 Sell Gagnon Securities LLC Company 05. Jun 18 06. Jun 18 -1,530 $11.10 $-16,984
06. Jun 18 Buy Havner Family Trust Company 04. Jun 18 04. Jun 18 14,000 $11.10 $155,400
05. Jun 18 Sell Gagnon Advisors, LLC Company 01. Jun 18 04. Jun 18 -14,236 $11.11 $-158,099
05. Jun 18 Sell Gagnon Securities LLC Company 01. Jun 18 04. Jun 18 -1,716 $11.11 $-19,057
01. Jun 18 Buy Havner Family Trust Company 30. May 18 31. May 18 4,145 $11.00 $43,703
31. May 18 Sell Gagnon Advisors, LLC Company 29. May 18 30. May 18 -38,454 $11.10 $-426,872
31. May 18 Sell Gagnon Securities LLC Company 30. May 18 30. May 18 -4,415 $11.10 $-49,010
31. May 18 Buy Havner Family Trust Company 29. May 18 29. May 18 35,000 $11.09 $388,150
29. May 18 Sell Gagnon Advisors, LLC Company 24. May 18 25. May 18 -19,295 $11.17 $-215,279
29. May 18 Sell Gagnon Securities LLC Company 24. May 18 25. May 18 -2,214 $11.17 $-24,702
29. May 18 Buy Havner Family Trust Company 24. May 18 25. May 18 45,000 $11.10 $499,300
24. May 18 Buy Havner Family Trust Company 10. May 18 22. May 18 215,000 $11.20 $2,366,865
X
Management checks
We assess General Finance's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. General Finance has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Announcing: General Finance (NASDAQ:GFN) Stock Increased An Energizing 106% In The Last Three Years

To wit, the General Finance Corporation (NASDAQ:GFN) share price has flown 106% in the last three years. … General Finance isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … In the last 3 years General Finance saw its revenue grow at 11% per year.

Simply Wall St -

Have Insiders Been Buying General Finance Corporation (NASDAQ:GFN) Shares?

So before you buy or sell General Finance Corporation (NASDAQ:GFN), you may well want to know whether insiders have been buying or selling. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … General Finance Insider Transactions Over The Last Year

Simply Wall St -

Is There Now An Opportunity In General Finance Corporation (NASDAQ:GFN)?

received a lot of attention from a substantial price movement on the NASDAQGM over the last few months, increasing to $15.53 at one point, and dropping to the lows of $9.03. … A question to answer is whether General Finance's current trading price of $9.66 reflective of the actual value of the? … Let’s take a look at General Finance’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

General Finance Corporation’s (NASDAQ:GFN) Investment Returns Are Lagging Its Industry

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Does The General Finance Corporation (NASDAQ:GFN) Share Price Fall With The Market?

If you're interested in General Finance Corporation (NASDAQ:GFN), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

What Kind Of Shareholder Owns Most General Finance Corporation (NASDAQ:GFN) Stock?

Every investor in General Finance Corporation (NASDAQ:GFN) should be aware of the most powerful shareholder groups. … With a market capitalization of US$413m, General Finance is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for General Finance

Simply Wall St -

General Finance Corporation (NASDAQ:GFN) Investors Are Paying Above The Intrinsic Value

by projecting its future cash flows and then discounting them to today's value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Is General Finance Corporation (NASDAQ:GFN) Potentially Undervalued?

General Finance Corporation (NASDAQ:GFN), which is in the trade distributors business, and is based in United States,. … A question to answer is whether General Finance's current trading price of $14.13 reflective of the actual value of the? … Let’s take a look at General Finance’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Should You Be Holding General Finance Corporation (NASDAQ:GFN) Right Now?

The other type, which cannot be diversified away, is the volatility of the entire market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Who Owns General Finance Corporation (NASDAQ:GFN)?

In this article, I'm going to take a look at General Finance Corporation’s (NASDAQ:GFN) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Although this is an important factor for long-term investors, many investors can also be impacted by institutional presence and their high-volume trading. … See our latest analysis for General Finance

Simply Wall St -

Company Info

Description

General Finance Corporation, a specialty rental services company, provides portable storage, modular space, and liquid containment solutions in North America and the Asia-Pacific regions. Its portable storage products include storage containers used in classroom equipment storage, construction equipment and tool storage, disaster shelters, landscaping sheds, recreational equipment storage, and retail inventory storage applications; and freight containers used in freight transportation by road and rail. The company’s modular space products comprise office container products, modular buildings, and mobile offices used in various applications, such as general administrative office space, military installations, workforce living accommodations, bank branches, classrooms/education, construction offices, daycare facilities, dormitories, healthcare facilities, rental facilities, retail space, and shelters. Its liquid containment products consists of portable liquid storage tanks for well-site liquid containment needs, expansion/upgrade projects, highway construction/groundwater sewage, infrastructure projects, industrial projects, mining pit pump works, municipal sewer and water projects, non-residential construction projects, pipeline construction and maintenance, and refinery turnaround applications. The company provides ancillary products, such as steps, ramps, furniture, portable toilets, security systems, shelving, mud pumps, hoses, splitter valves, tee connectors, and other items used in connection with leased equipment. It also manufactures various steel-based products, such as chassis, storm shelters, blast-resistant modules, specialty tanks, and trash hoppers. General Finance Corporation serves commercial, construction, transportation, industrial, energy, manufacturing, mining, retail, consumer, and education industries, as well as government sector. The company was founded in 2005 and is headquartered in Pasadena, California.

Details
Name: General Finance Corporation
GFN
Exchange: NasdaqGM
Founded: 2005
$275,819,371
30,309,821
Website: http://www.generalfinance.com
Address: General Finance Corporation
39 East Union Street,
Pasadena,
California, 91103,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM GFN Common Stock Nasdaq Global Market US USD 13. Jun 2006
NasdaqGM GFNC.P RED PRP PFD C Nasdaq Global Market US USD 17. May 2013
Number of employees
Current staff
Staff numbers
941
General Finance employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 00:08
End of day share price update: 2019/04/22 00:00
Last estimates confirmation: 2019/02/19
Last earnings filing: 2019/02/11
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.