General Finance
Market Cap
US$264.3m
Last Updated
2021/01/23 23:50 UTC
Data Sources
Company Financials +
Executive Summary
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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential and slightly overvalued.
Similar Companies
Share Price & News
How has General Finance's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GFN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: GFN's weekly volatility (11%) has been stable over the past year.
Market Performance
7 Day Return
7.1%
GFN
0.3%
US Trade Distributors
2.3%
US Market
1 Year Return
-19.7%
GFN
29.4%
US Trade Distributors
23.8%
US Market
Return vs Industry: GFN underperformed the US Trade Distributors industry which returned 29.2% over the past year.
Return vs Market: GFN underperformed the US Market which returned 23.7% over the past year.
Shareholder returns
| GFN | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.1% | 0.3% | 2.3% |
| 30 Day | 0.8% | 3.2% | 4.8% |
| 90 Day | 23.7% | 23.9% | 14.5% |
| 1 Year | -19.7%-19.7% | 32.0%29.4% | 26.6%23.8% |
| 3 Year | 22.5%22.5% | 22.9%17.0% | 45.0%35.4% |
| 5 Year | 117.9%117.9% | 133.1%114.2% | 126.2%101.0% |
Long-Term Price Volatility Vs. Market
How volatile is General Finance's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
What Kind Of Investors Own Most Of General Finance Corporation (NASDAQ:GFN)?3 weeks ago | Simply Wall St
Here’s What’s Happening With Returns At General Finance (NASDAQ:GFN)1 month ago | Simply Wall St
Does General Finance's (NASDAQ:GFN) Share Price Gain of 87% Match Its Business Performance?Valuation
Is General Finance undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GFN ($8.76) is trading below our estimate of fair value ($21.47)
Significantly Below Fair Value: GFN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GFN is poor value based on its PE Ratio (109.1x) compared to the US Trade Distributors industry average (25.8x).
PE vs Market: GFN is poor value based on its PE Ratio (109.1x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: GFN is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: GFN's PB Ratio (1.9x) is in line with the US Trade Distributors industry average.
Next Steps
Future Growth
How is General Finance forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
69.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GFN's forecast earnings growth (69.5% per year) is above the savings rate (2%).
Earnings vs Market: GFN's earnings (69.5% per year) are forecast to grow faster than the US market (21.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GFN's revenue (0.3% per year) is forecast to grow slower than the US market (10.6% per year).
High Growth Revenue: GFN's revenue (0.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if GFN's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has General Finance performed over the past 5 years?
19.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GFN has a large one-off loss of $19.8M impacting its September 30 2020 financial results.
Growing Profit Margin: GFN's current net profit margins (0.7%) are lower than last year (0.9%).
Past Earnings Growth Analysis
Earnings Trend: GFN has become profitable over the past 5 years, growing earnings by 19.5% per year.
Accelerating Growth: GFN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GFN had negative earnings growth (-23.2%) over the past year, making it difficult to compare to the Trade Distributors industry average (-12.6%).
Return on Equity
High ROE: GFN's Return on Equity (3.4%) is considered low.
Next Steps
Financial Health
How is General Finance's financial position?
Financial Position Analysis
Short Term Liabilities: GFN's short term assets ($93.4M) exceed its short term liabilities ($76.7M).
Long Term Liabilities: GFN's short term assets ($93.4M) do not cover its long term liabilities ($512.3M).
Debt to Equity History and Analysis
Debt Level: GFN's debt to equity ratio (209.8%) is considered high.
Reducing Debt: GFN's debt to equity ratio has increased from 159.3% to 209.8% over the past 5 years.
Debt Coverage: GFN's debt is not well covered by operating cash flow (19.5%).
Interest Coverage: GFN's interest payments on its debt are not well covered by EBIT (2.3x coverage).
Balance Sheet
Next Steps
Dividend
What is General Finance current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GFN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GFN'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 GFN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GFN'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 GFN's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
11.2yrs
Average management tenure
CEO
Jody Miller (52 yo)
3yrs
Tenure
US$1,229,851
Compensation
Mr. Jody E. Miller has been the Chief Executive Officer of General Finance Corp. since January 2018 and as its President since January 2017 and a Director since December 2017. Mr. Miller served as an Execu...
CEO Compensation Analysis
Compensation vs Market: Jody's total compensation ($USD1.23M) is about average for companies of similar size in the US market ($USD994.97K).
Compensation vs Earnings: Jody's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 6.58yrs | US$455.00k | 15.26% $ 40.3m | |
| President | 3yrs | US$1.23m | 1.59% $ 4.2m | |
| Executive VP & CFO | 14.33yrs | US$842.11k | 0.62% $ 1.6m | |
| CEO & President of Pac-Van Inc | 14.42yrs | US$488.95k | 1.62% $ 4.3m | |
| Chief Executive Officer of Royal Wolf Trading Australia Pty Limited | 4.5yrs | US$585.04k | 0.37% $ 986.4k | |
| Sr. Vice President | no data | no data | no data | |
| General Counsel | 13.08yrs | US$371.00k | 0.46% $ 1.2m | |
| Executive Vice President of Global Business Development | 9.33yrs | US$556.03k | 0.49% $ 1.3m |
11.2yrs
Average Tenure
59yo
Average Age
Experienced Management: GFN's management team is seasoned and experienced (11.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 6.58yrs | US$455.00k | 15.26% $ 40.3m | |
| President | 3yrs | US$1.23m | 1.59% $ 4.2m | |
| Director | 15.17yrs | US$120.00k | 0.57% $ 1.5m | |
| Independent Director | 3.08yrs | no data | no data | |
| Independent Director | 5.08yrs | US$132.00k | 0.16% $ 434.5k | |
| Independent Director | 6.92yrs | US$138.00k | 0.86% $ 2.3m | |
| Lead Independent Director | 6.58yrs | US$164.00k | 0.44% $ 1.2m | |
| Independent Director | 12.08yrs | US$142.00k | 0.23% $ 599.0k |
6.6yrs
Average Tenure
62yo
Average Age
Experienced Board: GFN's board of directors are considered experienced (6.6 years average tenure).
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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
General Finance Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: General Finance Corporation
- Ticker: GFN
- Exchange: NasdaqGM
- Founded: 2005
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: US$264.335m
- Shares outstanding: 30.18m
- Website: https://www.generalfinance.com
Number of Employees
Location
- General Finance Corporation
- 39 East Union Street
- Pasadena
- California
- 91103
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GFN | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock | US | USD | Jun 2006 |
| GFNC.P | NasdaqGM (Nasdaq Global Market) | RED PRP PFD C | US | USD | May 2013 |
Biography
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 company’s por...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/23 23:50 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/06/30 |
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.