Loading...

United Rentals

NYSE:URI
Snowflake Description

Undervalued with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
URI
NYSE
$9B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

United Rentals, Inc., through its subsidiaries, operates as an equipment rental company. The last earnings update was 39 days ago. More info.


Add to Portfolio Compare Print
URI Share Price and Events
7 Day Returns
-6.2%
NYSE:URI
-3.3%
US Trade Distributors
-1.4%
US Market
1 Year Returns
-26.8%
NYSE:URI
-11.7%
US Trade Distributors
1.6%
US Market
URI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
United Rentals (URI) -6.2% -15.6% -13% -26.8% 73.3% 17.3%
US Trade Distributors -3.3% -8.8% -6.6% -11.7% 24% 3.5%
US Market -1.4% -3.9% 0.1% 1.6% 33.2% 38.2%
1 Year Return vs Industry and Market
  • URI underperformed the Trade Distributors industry which returned -11.7% over the past year.
  • URI underperformed the Market in United States of America which returned 1.6% over the past year.
Price Volatility
URI
Industry
5yr Volatility vs Market
Related Companies

Value

 Is United Rentals 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 United Rentals 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 United Rentals.

NYSE:URI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12%
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 NYSE:URI
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 0.89
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.894 (1 + (1- 21%) (131.67%))
1.553
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.55
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.553 * 5.96%)
11.98%

Discounted Cash Flow Calculation for NYSE:URI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for United Rentals 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.

NYSE:URI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.98%)
2019 1,404.55 Analyst x4 1,254.24
2020 1,723.30 Analyst x3 1,374.19
2021 1,802.50 Analyst x2 1,283.53
2022 1,873.99 Est @ 3.97% 1,191.63
2023 1,941.36 Est @ 3.6% 1,102.36
2024 2,006.11 Est @ 3.34% 1,017.23
2025 2,069.38 Est @ 3.15% 937.02
2026 2,132.02 Est @ 3.03% 862.07
2027 2,194.65 Est @ 2.94% 792.43
2028 2,257.76 Est @ 2.88% 727.97
Present value of next 10 years cash flows $10,542.66
NYSE:URI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $2,257.76 × (1 + 2.73%) ÷ (11.98% – 2.73%)
$25,063.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $25,063.44 ÷ (1 + 11.98%)10
$8,081.23
NYSE:URI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $10,542.66 + $8,081.23
$18,623.88
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $18,623.88 / 78.62
$236.87
NYSE:URI Discount to Share Price
Calculation Result
Value per share (USD) From above. $236.87
Current discount Discount to share price of $118.54
= -1 x ($118.54 - $236.87) / $236.87
50%

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

Current Discount
Amount off the current price United Rentals is available for.
Intrinsic value
50%
Share price is $118.54 vs Future cash flow value of $236.87
Current Discount Checks
For United Rentals to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • United Rentals's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • United Rentals'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 United Rentals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are United Rentals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:URI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $13.36
NYSE:URI Share Price ** NYSE (2019-05-24) in USD $118.54
United States of America Trade Distributors Industry PE Ratio Median Figure of 41 Publicly-Listed Trade Distributors Companies 15.47x
United States of America Market PE Ratio Median Figure of 3,086 Publicly-Listed Companies 17.45x

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

** Primary Listing of United Rentals.

NYSE:URI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:URI Share Price ÷ EPS (both in USD)

= 118.54 ÷ 13.36

8.87x

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

  • United Rentals is good value based on earnings compared to the US Trade Distributors industry average.
  • United Rentals is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does United Rentals's expected growth come at a high price?
Raw Data
NYSE:URI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
15.9%per year
United States of America Trade Distributors Industry PEG Ratio Median Figure of 33 Publicly-Listed Trade Distributors Companies 1.28x
United States of America Market PEG Ratio Median Figure of 2,121 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

NYSE:URI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.87x ÷ 15.9%

0.56x

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

  • United Rentals is good value based on expected growth next year.
Price based on value of assets
What value do investors place on United Rentals's assets?
Raw Data
NYSE:URI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $42.82
NYSE:URI Share Price * NYSE (2019-05-24) in USD $118.54
United States of America Trade Distributors Industry PB Ratio Median Figure of 53 Publicly-Listed Trade Distributors Companies 1.57x
United States of America Market PB Ratio Median Figure of 5,208 Publicly-Listed Companies 1.8x
NYSE:URI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:URI Share Price ÷ Book Value per Share (both in USD)

= 118.54 ÷ 42.82

2.77x

* Primary Listing of United Rentals.

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

  • United Rentals is overvalued based on assets compared to the US Trade Distributors industry average.
X
Value checks
We assess United Rentals'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. United Rentals has a total score of 5/6, 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 United Rentals expected to perform in the next 1 to 3 years based on estimates from 14 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
15.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is United Rentals expected to grow at an attractive rate?
  • United Rentals's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • United Rentals's earnings growth is expected to exceed the United States of America market average.
  • United Rentals's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:URI Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:URI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 15.9%
NYSE:URI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 3.8%
United States of America Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
United States of America Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
NYSE:URI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:URI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 9,932 5
2020-12-31 9,694 3,269 1,457 14
2019-12-31 9,349 3,029 1,262 14
NYSE:URI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 8,430 2,878 1,088
2018-12-31 8,047 2,853 1,096
2018-09-30 7,663 2,576 1,683
2018-06-30 7,313 2,529 1,549
2018-03-31 7,019 2,229 1,420
2017-12-31 6,641 2,209 1,346
2017-09-30 6,242 2,079 602
2017-06-30 5,984 2,035 590
2017-03-31 5,808 1,971 583
2016-12-31 5,762 1,941 566
2016-09-30 5,762 2,068 582
2016-06-30 5,804 1,992 610

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • United Rentals's earnings are expected to grow by 15.9% yearly, however this is not considered high growth (20% yearly).
  • United Rentals's revenue is expected to grow by 3.8% 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
NYSE:URI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from United Rentals Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:URI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 19.24 20.49 17.81 5.00
2019-12-31 16.19 16.97 15.78 5.00
NYSE:URI Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 13.36
2018-12-31 13.26
2018-09-30 20.11
2018-06-30 18.38
2018-03-31 16.79
2017-12-31 15.91
2017-09-30 7.12
2017-06-30 6.95
2017-03-31 6.80
2016-12-31 6.49
2016-09-30 6.52
2016-06-30 6.68

*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.
  • United Rentals is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess United Rentals'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.
United Rentals 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 United Rentals 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 United Rentals'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.
  • United Rentals has delivered over 20% year on year earnings growth in the past 5 years.
  • United Rentals's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • United Rentals's 1-year earnings growth is negative, it can't be compared to the US Trade Distributors industry average.
Earnings and Revenue History
United Rentals'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 United Rentals Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:URI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 8,430.00 1,088.00 1,086.00
2018-12-31 8,047.00 1,096.00 1,038.00
2018-09-30 7,663.00 1,683.00 991.00
2018-06-30 7,313.00 1,549.00 963.00
2018-03-31 7,019.00 1,420.00 942.00
2017-12-31 6,641.00 1,346.00 903.00
2017-09-30 6,242.00 602.00 834.00
2017-06-30 5,984.00 590.00 776.00
2017-03-31 5,808.00 583.00 735.00
2016-12-31 5,762.00 566.00 719.00
2016-09-30 5,762.00 582.00 713.00
2016-06-30 5,804.00 610.00 712.00
2016-03-31 5,812.00 562.00 710.00
2015-12-31 5,817.00 585.00 714.00
2015-09-30 5,858.00 610.00 743.00
2015-06-30 5,852.00 587.00 759.00
2015-03-31 5,822.00 595.00 771.00
2014-12-31 5,685.00 540.00 758.00
2014-09-30 5,459.00 486.00 712.00
2014-06-30 5,226.00 437.00 685.00
2014-03-31 5,033.00 426.00 650.00
2013-12-31 4,955.00 387.00 642.00
2013-09-30 4,866.00 288.00 655.00
2013-06-30 4,774.00 218.00 652.00
2013-03-31 4,561.00 83.00 646.00
2012-12-31 4,117.00 75.00 588.00
2012-09-30 3,614.00 62.00 521.00
2012-06-30 3,108.00 54.00 460.00

*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.
  • Whilst United Rentals has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • United Rentals used its assets more efficiently than the US Trade Distributors industry average last year based on Return on Assets.
  • United Rentals's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess United Rentals'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.
United Rentals has a total score of 2/6, 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 United Rentals'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 United Rentals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • United Rentals's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • United Rentals's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of United Rentals'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 0.1x 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 United Rentals Company Filings, last reported 1 month ago.

NYSE:URI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 3,375.00 12,272.00 52.00
2018-12-31 3,403.00 11,747.00 43.00
2018-09-30 3,334.00 10,078.00 65.00
2018-06-30 3,164.00 8,986.00 117.00
2018-03-31 3,058.00 9,138.00 278.00
2017-12-31 3,106.00 9,440.00 352.00
2017-09-30 2,211.00 8,371.00 324.00
2017-06-30 1,948.00 8,215.00 338.00
2017-03-31 1,753.00 7,349.00 337.00
2016-12-31 1,648.00 7,790.00 312.00
2016-09-30 1,539.00 8,002.00 297.00
2016-06-30 1,502.00 7,841.00 265.00
2016-03-31 1,501.00 7,753.00 219.00
2015-12-31 1,476.00 8,162.00 179.00
2015-09-30 1,497.00 8,515.00 171.00
2015-06-30 1,451.00 8,410.00 200.00
2015-03-31 1,494.00 8,075.00 257.00
2014-12-31 1,796.00 7,962.00 158.00
2014-09-30 1,813.00 8,095.00 168.00
2014-06-30 1,797.00 8,015.00 170.00
2014-03-31 1,813.00 7,039.00 227.00
2013-12-31 1,828.00 7,173.00 175.00
2013-09-30 1,707.00 7,582.00 125.00
2013-06-30 1,583.00 7,356.00 133.00
2013-03-31 1,566.00 7,164.00 147.00
2012-12-31 1,543.00 7,364.00 106.00
2012-09-30 1,495.00 7,430.00 68.00
2012-06-30 1,395.00 7,344.00 41.00
  • United Rentals's level of debt (363.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (388.9% vs 363.6% today).
  • Debt is well covered by operating cash flow (23.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.1x coverage).
X
Financial health checks
We assess United Rentals'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. United Rentals 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 United Rentals'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 United Rentals dividends. Estimated to be 0% next year.
If you bought $2,000 of United Rentals 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 United Rentals's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate United Rentals'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
NYSE:URI 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 14 Analyst Estimates (S&P Global) See Below
United States of America Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2007 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

NYSE:URI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 5.00
2020-12-31 0.00 5.00
2019-12-31 0.00 6.00

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

  • Unable to perform a dividend volatility check as United Rentals has not reported any payouts.
  • Unable to verify if United Rentals's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of United Rentals's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as United Rentals has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of United Rentals's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess United Rentals'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 United Rentals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. United Rentals 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 United Rentals'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
Matt Flannery
COMPENSATION $4,598,553
AGE 53
TENURE AS CEO 0 years
CEO Bio

Mr. Matthew J. Flannery, also known as Matt, has been the Chief Executive Officer and President at United Rentals, Inc. since May 8, 2019. Mr. Flannery was President of United Rentals, Inc. since March 8, 2018 until May 8, 2019 and Chief Operating Officer since April 2012 until May 8, 2019. Mr. Flannery served as Executive Vice President of United Rentals, Inc. since April 2012 until March 8, 2018. Mr. Flannery served as an Executive Vice President of Operations and Sales at United Rentals, Inc. from April 2011 to April 2012. He served as Senior Vice President of United Rentals, Inc., since March 11, 2010. He served as Senior Vice President of Operations East at United Rentals Inc. from April 2008 to March 11, 2010. He was responsible for United Rentals' Aerial East, Northeast, Northeast Canada, Midwest and Southeast regions. Mr. Flannery has an extensive experience in all areas of United Rentals operations. He has seven years of rental business management experience. He served as a Vice President of Aerial East Region of United Rentals Inc., from 2006 to April 2008 and its Vice President of High Reach Region since 2002. He joined United Rentals in 1998 upon the acquisition of Connecticut-based McClinch Equipment, where he served as a Branch Manager for seven years. He served as Branch Manager of District Sales Manager and District Manager of United Rentals.

CEO Compensation
  • Matt's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Matt's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the United Rentals management team in years:

2.6
Average Tenure
49
Average Age
  • The tenure for the United Rentals management team is about average.
Management Team

Matt Flannery

TITLE
President & CEO
COMPENSATION
$5M
AGE
53

Jessica Graziano

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
45
TENURE
0.6 yrs

Dale Asplund

TITLE
Executive VP & COO
COMPENSATION
$3M
AGE
50

Craig Pintoff

TITLE
Executive VP and Chief Administrative & Legal Officer
COMPENSATION
$3M
AGE
48
TENURE
2.2 yrs

Andrew Limoges

TITLE
VP, Controller & Principal Accounting Officer
AGE
36
TENURE
0.6 yrs

Daniel Higgins

TITLE
VP & Chief Information Officer
TENURE
0.3 yrs

Ted Grace

TITLE
Vice President of Investor Relations
TENURE
3.1 yrs

Chris Hummel

TITLE
Senior VP & Chief Marketing Officer
TENURE
3.2 yrs

Ken Mettel

TITLE
Senior Vice President of Performance Analytics
TENURE
4.4 yrs

Paul McDonnell

TITLE
Executive VP & Chief Commercial Officer
AGE
52
TENURE
11.1 yrs
Board of Directors Tenure

Average tenure and age of the United Rentals board of directors in years:

7.1
Average Tenure
58
Average Age
  • The tenure for the United Rentals board of directors is about average.
Board of Directors

Mike Kneeland

TITLE
Non-Executive Chairman
COMPENSATION
$14M
AGE
64

Matt Flannery

TITLE
President & CEO
COMPENSATION
$5M
AGE
53

Jason Papastavrou

TITLE
Independent Director
COMPENSATION
$260K
AGE
55
TENURE
13.9 yrs

Jos Alvarez

TITLE
Independent Director
COMPENSATION
$265K
AGE
55
TENURE
10.3 yrs

Bobby Griffin

TITLE
Lead Independent Director
COMPENSATION
$280K
AGE
69

Donald Roof

TITLE
Independent Director
COMPENSATION
$285K
AGE
66
TENURE
7.1 yrs

Filippo Passerini

TITLE
Independent Director
COMPENSATION
$258K
AGE
61
TENURE
10.3 yrs

Shiv Singh

TITLE
Independent Director
COMPENSATION
$255K
AGE
40
TENURE
2 yrs

Gracia Martore

TITLE
Independent Director
COMPENSATION
$257K
AGE
66
TENURE
1.9 yrs

Marc Bruno

TITLE
Independent Director
COMPENSATION
$217K
AGE
46
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • United Rentals insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. Mar 19 Sell Paul McDonnell Individual 13. Mar 19 13. Mar 19 -10,500 $125.59 $-1,318,669
13. Mar 19 Sell Andrew Limoges Individual 12. Mar 19 12. Mar 19 -146 $123.45 $-18,024
13. Mar 19 Sell Jessica Graziano Individual 12. Mar 19 12. Mar 19 -547 $123.36 $-67,477
20. Feb 19 Sell Michael Kneeland Individual 19. Feb 19 19. Feb 19 -30,000 $132.73 $-3,981,927
28. Jan 19 Buy Shiv Singh Individual 28. Jan 19 28. Jan 19 390 $124.72 $48,641
28. Jan 19 Sell Dale Asplund Individual 28. Jan 19 28. Jan 19 -11,245 $125.00 $-1,405,625
26. Oct 18 Buy Jose Alvarez Individual 26. Oct 18 26. Oct 18 544 $107.45 $58,452
26. Oct 18 Buy Shiv Singh Individual 25. Oct 18 25. Oct 18 230 $110.35 $25,381
23. Oct 18 Buy Jenne Britell Individual 22. Oct 18 22. Oct 18 435 $115.07 $50,055
14. Sep 18 Sell Donald Roof Individual 12. Sep 18 12. Sep 18 -5,000 $167.78 $-838,908
X
Management checks
We assess United Rentals'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. United Rentals 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

Does United Rentals's (NYSE:URI) Share Price Gain of 74% Match Its Business Performance?

View our latest analysis for United Rentals In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … United Rentals was able to grow its EPS at 31% per year over three years, sending the share price higher.

Simply Wall St -

What Did United Rentals, Inc.'s (NYSE:URI) CEO Take Home Last Year?

In 2008 Mike Kneeland was appointed CEO of United Rentals, Inc. … Check out our latest analysis for United Rentals … How Does Mike Kneeland's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Did United Rentals, Inc. (NYSE:URI) Insiders Sell Shares?

Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. … 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.'. … In total, United Rentals insiders sold more than they bought over the last year

Simply Wall St -

What Kind Of Shareholders Own United Rentals, Inc. (NYSE:URI)?

United Rentals is a pretty big company. … institutions own shares in the company. … Check out our latest analysis for United Rentals

Simply Wall St -

Is United Rentals, Inc.'s (NYSE:URI) P/E Ratio Really That Good?

To keep it practical, we'll show how United Rentals, Inc.'s (NYSE:URI) P/E ratio could help you assess the value on offer. … United Rentals has a P/E ratio of 9.38, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Shareholders Are Thrilled That The United Rentals Share Price Increased 171%

(NYSE:URI) share price has soared 171% in the last three years. … During three years of share price growth, United Rentals achieved compound earnings per share growth of 29% per year. … This EPS growth is lower than the 39% average annual increase in the share price.

Simply Wall St -

Why We Like United Rentals, Inc.’s (NYSE:URI) 13% Return On Capital Employed

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 -

Is United Rentals, Inc.'s (NYSE:URI) 50% Better Than Average?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.50 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is United Rentals, Inc. (NYSE:URI) Overpaying Its CEO?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Mike Kneeland's Compensation Compare With Similar Sized Companies. … has a market capitalization of US$8.3b, and pays its CEO total annual compensation worth US$13m.

Simply Wall St -

Is There An Opportunity With United Rentals Inc's (NYSE:URI) 45.27% Undervaluation?

How far off is United Rentals Inc (NYSE:URI) from its intrinsic value? … by estimating the company's future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Company Info

Description

United Rentals, Inc., through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools. It serves construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities. The Trench, Power and Fluid Solutions segment rents specialty construction products that include trench safety equipment, which comprise trench shields, aluminum hydraulic shoring systems, slide rails, crossing plates, construction lasers, and line testing equipment for underground work; and power, as well as heating, ventilating, and air conditioning equipment, including portable diesel generators, electrical distribution equipment, and temperature control equipment. It is also involved in the rental of fluid solutions equipment primarily used for fluid containment, transfer, and treatment. This segment serves construction companies involved in infrastructure projects, and municipalities and industrial companies. The company also sells aerial lifts, reach forklifts, telehandlers, compressors, and generators; construction consumables, tools, small equipment, and safety supplies; and parts for equipment that is owned by its customers, as well as provides repair and maintenance services. It sells its used equipment through its sales force, brokers, and Website, as well as at auctions and directly to manufacturers. As of January 23, 2019, the company operated a network of 1,186 rental locations in North America and 11 in Europe. United Rentals, Inc. was founded in 1997 and is headquartered in Stamford, Connecticut.

Details
Name: United Rentals, Inc.
URI
Exchange: NYSE
Founded: 1997
$9,320,101,051
78,624,102
Website: http://www.unitedrentals.com
Address: United Rentals, Inc.
100 First Stamford Place,
Suite 700,
Stamford,
Connecticut, 06902,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE URI Common Stock New York Stock Exchange US USD 18. Dec 1997
DB UR3 Common Stock Deutsche Boerse AG DE EUR 18. Dec 1997
LSE 0LIY Common Stock London Stock Exchange GB USD 18. Dec 1997
Number of employees
Current staff
Staff numbers
18,500
United Rentals employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/26 23:46
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/16
Last earnings filing: 2019/04/17
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.