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CTOS

Custom Truck One Source NYSE:CTOS Stock Report

Last Price

US$6.73

Market Cap

US$1.7b

7D

8.7%

1Y

-12.0%

Updated

07 Aug, 2022

Data

Company Financials +
CTOS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance0/6
Financial Health2/6
Dividends0/6

CTOS Stock Overview

Custom Truck One Source, Inc. provides specialty equipment rental services to the electric utility transmission and distribution, telecommunications, rail, other infrastructure-related industries in North America.

Rewards

Earnings are forecast to grow 53.18% per year

Risk Analysis

No risks detected for CTOS from our risk checks.

Custom Truck One Source Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Custom Truck One Source
Historical stock prices
Current Share PriceUS$6.73
52 Week HighUS$11.36
52 Week LowUS$4.54
Beta0.55
1 Month Change30.17%
3 Month Change15.24%
1 Year Change-12.03%
3 Year Change-9.30%
5 Year Changen/a
Change since IPO-23.09%

Recent News & Updates

Jul 22
A Look At The Intrinsic Value Of Custom Truck One Source, Inc. (NYSE:CTOS)

A Look At The Intrinsic Value Of Custom Truck One Source, Inc. (NYSE:CTOS)

In this article we are going to estimate the intrinsic value of Custom Truck One Source, Inc. ( NYSE:CTOS ) by...

May 13
Custom Truck One Source (NYSE:CTOS) Takes On Some Risk With Its Use Of Debt

Custom Truck One Source (NYSE:CTOS) Takes On Some Risk With Its Use Of Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Shareholder Returns

CTOSUS Trade DistributorsUS Market
7D8.7%0.7%1.0%
1Y-12.0%1.9%-12.9%

Return vs Industry: CTOS underperformed the US Trade Distributors industry which returned 1.9% over the past year.

Return vs Market: CTOS matched the US Market which returned -12.9% over the past year.

Price Volatility

Is CTOS's price volatile compared to industry and market?
CTOS volatility
CTOS Average Weekly Movement8.2%
Trade Distributors Industry Average Movement6.8%
Market Average Movement7.9%
10% most volatile stocks in US Market17.2%
10% least volatile stocks in US Market3.2%

Stable Share Price: CTOS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: CTOS's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19881,800Fred Rosshttps://www.customtruck.com

Custom Truck One Source, Inc. provides specialty equipment rental services to the electric utility transmission and distribution, telecommunications, rail, other infrastructure-related industries in North America. It operates through Equipment Rental Solutions, Truck and Equipment Sales, and Aftermarket Parts and Services segments. The Equipment Rental Solutions owns new and used specialty equipment, including truck-mounted aerial lifts, cranes, service trucks, dump trucks, trailers, digger derricks, and other machinery and equipment.

Custom Truck One Source Fundamentals Summary

How do Custom Truck One Source's earnings and revenue compare to its market cap?
CTOS fundamental statistics
Market CapUS$1.67b
Earnings (TTM)-US$156.87m
Revenue (TTM)US$1.46b

1.1x

P/S Ratio

-10.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CTOS income statement (TTM)
RevenueUS$1.46b
Cost of RevenueUS$1.17b
Gross ProfitUS$289.49m
Other ExpensesUS$446.35m
Earnings-US$156.87m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 09, 2022

Earnings per share (EPS)-0.63
Gross Margin19.89%
Net Profit Margin-10.78%
Debt/Equity Ratio189.5%

How did CTOS perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is CTOS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CTOS?

Other financial metrics that can be useful for relative valuation.

CTOS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.3x
Enterprise Value/EBITDA33.3x
PEG Ration/a

Price to Sales Ratio vs Peers

How does CTOS's PS Ratio compare to its peers?

CTOS PS Ratio vs Peers
The above table shows the PS ratio for CTOS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.4x
TGH Textainer Group Holdings
1.7x-3.3%US$1.5b
BCC Boise Cascade
0.3x-4.5%US$2.7b
GMS GMS
0.5x1.4%US$2.2b
MGRC McGrath RentCorp
3.1x1.8%US$2.1b
CTOS Custom Truck One Source
1.1x6.6%US$1.7b

Price-To-Sales vs Peers: CTOS is good value based on its Price-To-Sales Ratio (1.1x) compared to the peer average (1.4x).


Price to Earnings Ratio vs Industry

How does CTOS's PE Ratio compare vs other companies in the US Trade Distributors Industry?

Price-To-Sales vs Industry: CTOS is expensive based on its Price-To-Sales Ratio (1.1x) compared to the US Trade Distributors industry average (1.1x)


Price to Sales Ratio vs Fair Ratio

What is CTOS's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CTOS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.1x
Fair PS Ratio0.9x

Price-To-Sales vs Fair Ratio: CTOS is expensive based on its Price-To-Sales Ratio (1.1x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).


Share Price vs Fair Value

What is the Fair Price of CTOS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CTOS ($6.73) is trading above our estimate of fair value ($5.98)

Significantly Below Fair Value: CTOS is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Custom Truck One Source forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


53.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CTOS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: CTOS is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CTOS is expected to become profitable in the next 3 years.

Revenue vs Market: CTOS's revenue (6.6% per year) is forecast to grow slower than the US market (7.9% per year).

High Growth Revenue: CTOS's revenue (6.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CTOS's Return on Equity is forecast to be low in 3 years time (7.4%).


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Past Performance

How has Custom Truck One Source performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-62.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CTOS is currently unprofitable.

Growing Profit Margin: CTOS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CTOS is unprofitable, and losses have increased over the past 5 years at a rate of 62.9% per year.

Accelerating Growth: Unable to compare CTOS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CTOS is unprofitable, making it difficult to compare its past year earnings growth to the Trade Distributors industry (70.5%).


Return on Equity

High ROE: CTOS has a negative Return on Equity (-18.27%), as it is currently unprofitable.


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Financial Health

How is Custom Truck One Source's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: CTOS's short term assets ($712.9M) exceed its short term liabilities ($490.9M).

Long Term Liabilities: CTOS's short term assets ($712.9M) do not cover its long term liabilities ($1.4B).


Debt to Equity History and Analysis

Debt Level: CTOS's net debt to equity ratio (186.7%) is considered high.

Reducing Debt: Insufficient data to determine if CTOS's debt to equity ratio has reduced over the past 5 years.


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: CTOS has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if CTOS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

What is Custom Truck One Source current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate CTOS'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 CTOS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CTOS's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CTOS has not reported any payouts.


Discover strong dividend paying companies

Management

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

1.6yrs

Average management tenure


CEO

Fred Ross (63 yo)

1.33yrs

Tenure

US$6,654,295

Compensation

Mr. Fredrick M. Ross, Jr, also known as Fred, is the Owner of Custom Truck & Equipment, LLC and serves as its President. He serves as Chief Executive Officer and Director at Custom Truck One Source, Inc. (...


CEO Compensation Analysis

Compensation vs Market: Fred's total compensation ($USD6.65M) is about average for companies of similar size in the US market ($USD5.42M).

Compensation vs Earnings: Insufficient data to compare Fred's compensation with company performance.


Leadership Team

Experienced Management: CTOS's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: CTOS'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: CTOS 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

Custom Truck One Source, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Custom Truck One Source, Inc.
  • Ticker: CTOS
  • Exchange: NYSE
  • Founded: 1988
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Implied Market Cap: US$1.666b
  • Shares outstanding: 247.59m
  • Website: https://www.customtruck.com

Number of Employees


Location

  • Custom Truck One Source, Inc.
  • 7701 Independence Avenue
  • Kansas City
  • Missouri
  • 64125
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.