NYSE:TGH

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Textainer Group Holdings

Executive Summary

Textainer Group Holdings Limited, through its subsidiaries, engages in the purchase, ownership, management, leasing, and disposal of a fleet of intermodal containers worldwide.


Snowflake Analysis

Good value with moderate growth potential.


Similar Companies

Share Price & News

How has Textainer Group Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TGH's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

11.1%

TGH

4.6%

US Trade Distributors

2.9%

US Market


1 Year Return

-6.3%

TGH

3.5%

US Trade Distributors

8.9%

US Market

Return vs Industry: TGH underperformed the US Trade Distributors industry which returned 3.5% over the past year.

Return vs Market: TGH underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

TGHIndustryMarket
7 Day11.1%4.6%2.9%
30 Day9.9%18.7%10.6%
90 Day17.9%6.8%5.1%
1 Year-6.3%-6.3%5.5%3.5%11.4%8.9%
3 Year-25.8%-25.8%22.2%16.5%34.3%25.4%
5 Year-65.1%-67.9%31.0%20.5%60.7%42.7%

Price Volatility Vs. Market

How volatile is Textainer Group Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Textainer Group Holdings undervalued compared to its fair value and its price relative to the market?

14.7x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate TGH's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate TGH's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: TGH is good value based on its PE Ratio (14.7x) compared to the Trade Distributors industry average (16x).

PE vs Market: TGH is good value based on its PE Ratio (14.7x) compared to the US market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: TGH is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: TGH is good value based on its PB Ratio (0.4x) compared to the US Trade Distributors industry average (1.3x).


Next Steps

Future Growth

How is Textainer Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

24.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TGH's forecast earnings growth (24.2% per year) is above the savings rate (2.2%).

Earnings vs Market: TGH's earnings (24.2% per year) are forecast to grow faster than the US market (22.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TGH's revenue is expected to decline over the next 3 years (-5.4% per year).

High Growth Revenue: TGH's revenue is forecast to decline over the next 3 years (-5.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TGH's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Textainer Group Holdings performed over the past 5 years?

-21.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TGH has a large one-off gain of $6.5M impacting its March 31 2020 financial results.

Growing Profit Margin: TGH's current net profit margins (5.1%) are lower than last year (7%).


Past Earnings Growth Analysis

Earnings Trend: TGH's earnings have declined by -21.3% per year over the past 5 years.

Accelerating Growth: TGH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TGH had negative earnings growth (-27.3%) over the past year, making it difficult to compare to the Trade Distributors industry average (-5.5%).


Return on Equity

High ROE: TGH's Return on Equity (2.7%) is considered low.


Next Steps

Financial Health

How is Textainer Group Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: TGH's short term assets ($384.7M) exceed its short term liabilities ($287.7M).

Long Term Liabilities: TGH's short term assets ($384.7M) do not cover its long term liabilities ($3.5B).


Debt to Equity History and Analysis

Debt Level: TGH's debt to equity ratio (294.7%) is considered high.

Reducing Debt: TGH's debt to equity ratio has increased from 241.9% to 294.7% over the past 5 years.

Debt Coverage: TGH's debt is not well covered by operating cash flow (10.7%).

Interest Coverage: TGH's interest payments on its debt are not well covered by EBIT (1.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Textainer Group Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: TGH is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TGH'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?

1.8yrs

Average management tenure


CEO

Olivier Ghesquiere (52yo)

1.83yrs

Tenure

Mr. Olivier Ghesquiere has been President, Chief Executive Officer and Director of Textainer Group Holdings Limited since August 13, 2018. Mr. Ghesquiere served as an Executive Vice President of Leasing a ...


Leadership Team

NamePositionTenureCompensationOwnership
Olivier Ghesquiere
President1.83yrsno data0.047% $233.2k
Michael Chan
Executive VP & CFO1.75yrsno data0.012% $59.4k
Joaquim Figueira
Vice President of Operations and Procurement1.75yrsno datano data
Gregory Coan
Senior VP & Chief Information Officerno datano datano data
Daniel Cohen
VP & General Counselno datano datano data
Philippe Wendling
Senior Vice President of Marketing1.25yrsno datano data
Michael Harvey
Executive Vice Presidentno datano datano data
Adam Hopkin
Company Secretaryno datano datano data

1.8yrs

Average Tenure

55yo

Average Age

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


Board Members

NamePositionTenureCompensationOwnership
Olivier Ghesquiere
President1.83yrsno data0.047% $233.2k
Hendrik Van der Merwe
Independent Director2.83yrsno data0.0094% $46.9k
David Nurek
Independent Director12.75yrsno data0.041% $205.3k
Robert Pedersen
Director3.17yrsno data0.32% $1.6m
John Maccarone
Independent Director26.5yrsno data2.81% $14.0m
Dudley Cottingham
Independent Director26.5yrsno data0.044% $219.9k
Hyman Shwiel
Independent Chairman of the Board4.08yrsno data0.048% $238.0k
Iain Brown
Independent Director4.08yrsno data0.034% $169.5k

4.1yrs

Average Tenure

67.5yo

Average Age

Experienced Board: TGH's board of directors are considered experienced (4.1 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Textainer Group Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Textainer Group Holdings Limited
  • Ticker: TGH
  • Exchange: NYSE
  • Founded: 1979
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: US$498.773m
  • Shares outstanding: 54.87m
  • Website: https://www.textainer.com

Number of Employees


Location

  • Textainer Group Holdings Limited
  • Century House
  • 16 Par-la-Ville Road
  • Hamilton
  • HM 08
  • Bermuda

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TGHNYSE (New York Stock Exchange)YesCommon SharesUSUSDOct 2007
3T7DB (Deutsche Boerse AG)YesCommon SharesDEEUROct 2007
TXTJSE (The Johannesburg Securities Exchange)YesCommon SharesZAZAROct 2007

Biography

Textainer Group Holdings Limited, through its subsidiaries, engages in the purchase, ownership, management, leasing, and disposal of a fleet of intermodal containers worldwide. It operates through three segments: Container Ownership, Container Management, and Container Resale. The company owns and leases standard dry freight containers, refrigerated, and other special-purpose containers. It also provides container management, acquisition, and disposal services to affiliated and unaffiliated container investors. In addition, the company sells containers from its fleet, as well as purchases, leases, or resells containers from shipping line customers, container traders, and other sellers of containers. It operates a fleet of approximately 2.3 million containers, representing 3.5 million twenty-foot equivalent units. The company primarily serves shipping lines, as well as freight forwarding companies and the United States military. Textainer Group Holdings Limited was founded in 1979 and is headquartered in Hamilton, Bermuda. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 03:22
End of Day Share Price2020/06/04 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.