NasdaqGS:MINI

Stock Analysis Report

Executive Summary

Mobile Mini, Inc. provides portable storage and specialty containment solutions.

Snowflake

Fundamentals

Slightly overvalued with imperfect balance sheet.


Similar Companies

Share Price & News

How has Mobile Mini's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.2%

MINI

1.2%

US Commercial Services

2.3%

US Market


1 Year Return

-12.2%

MINI

15.0%

US Commercial Services

5.6%

US Market

Return vs Industry: MINI underperformed the US Commercial Services industry which returned 15% over the past year.

Return vs Market: MINI underperformed the US Market which returned 5.6% over the past year.


Shareholder returns

MINIIndustryMarket
7 Day3.2%1.2%2.3%
30 Day5.2%1.8%-1.0%
90 Day12.8%0.4%-0.7%
1 Year-9.5%-12.2%19.3%15.0%7.9%5.6%
3 Year42.0%30.4%70.2%58.5%45.6%36.3%
5 Year10.0%-3.4%103.2%82.8%65.8%47.6%

Price Volatility Vs. Market

How volatile is Mobile Mini's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Mobile Mini undervalued compared to its fair value and its price relative to the market?

43.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: MINI ($37.61) is trading below our estimate of fair value ($67.05)

Significantly Undervalued: MINI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MINI is unprofitable, so we can't compare its PE Ratio to the Commercial Services industry average.

PE vs Market: MINI is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate MINI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MINI is overvalued based on its PB Ratio (2x) compared to the US Commercial Services industry average (1.8x).


Next Steps

Future Growth

How is Mobile Mini forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

56.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MINI is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: MINI is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: MINI is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: MINI's revenue (4.5% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: MINI's revenue (4.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Mobile Mini performed over the past 5 years?

10.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MINI is unprofitable, but has reduced losses over the past 5 years at a rate of 10.4% per year.

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

Earnings vs Industry: MINI is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (-2.4%).


Return on Equity

High ROE: MINI has a negative Return on Equity (-0.71%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: MINI is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: MINI is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Mobile Mini's financial position?


Financial Position Analysis

Short Term Liabilities: MINI's short term assets ($121.8M) exceeds its short term liabilities ($109.5M)

Long Term Liabilities: MINI's short term assets (121.8M) do not cover its long term liabilities (1.2B)


Debt to Equity History and Analysis

Debt Level: MINI's debt to equity ratio (101%) is considered high

Reducing Debt: MINI's debt to equity ratio has increased from 56.8% to 101% over the past 5 years.

Debt Coverage: MINI's debt is well covered by operating cash flow (23.1%).

Interest Coverage: MINI is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Inventory Level: MINI has a low level of unsold assets or inventory.

Debt Coverage by Assets: MINI's debt is not covered by short term assets (assets are 0.1x debt).


Next Steps

Dividend

What is Mobile Mini's current dividend yield, its reliability and sustainability?

2.92%

Current Dividend Yield


Dividend Yield vs Market

company2.9%marketbottom25%1.5%markettop25%3.8%industryaverage1.6%forecastin3Years3.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: MINI's dividend (2.92%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: MINI's dividend (2.92%) is low compared to the top 25% of dividend payers in the US market (3.76%).

Stable Dividend: Whilst dividend payments have been stable, MINI has been paying a dividend for less than 10 years.

Growing Dividend: MINI's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: MINI is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: MINI's dividends in 3 years are forecast to be covered by earnings (50.6% payout ratio).


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Kelly Williams (48yo)

0yrs

Tenure

US$1,797,105

Compensation

Mr. Kelly Williams has been Chief Executive Officer and Director of Mobile Mini, Inc. since October 1, 2019, President since October 2018 and as its Chief Operating Officer since June 2014. He served as Ex ...


CEO Compensation Analysis

Compensation vs. Market: Kelly has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: Kelly's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

3.3yrs

Average Tenure

56yo

Average Age

Experienced Management: MINI's management team is considered experienced (3.3 years average tenure).


Board Age and Tenure

11.3yrs

Average Tenure

60.5yo

Average Age

Experienced Board: MINI's board of directors are seasoned and experienced ( 11.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$63,70018 Dec 18
Stephen McConnell
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,000
Max PriceUS$31.85

Ownership Breakdown


Management Team

  • Mark Krivoruchka (64yo)

    Senior VP & Chief Human Resources Officer

    • Tenure: 1.8yrs
    • Compensation: US$1.33m
  • Van Welch (64yo)

    Executive VP & CFO

    • Tenure: 2.2yrs
    • Compensation: US$1.92m
  • Chris Miner (48yo)

    Senior VP

    • Tenure: 10.8yrs
    • Compensation: US$1.25m
  • Linda Latman

    • Tenure: 0yrs
  • Kelly Williams (48yo)

    CEO, President

    • Tenure: 0yrs
    • Compensation: US$1.80m
  • Justin Romero

    Senior Vice President of Specialty Division

    • Tenure: 4.5yrs
  • Chris Anderson

    Senior Vice President of Sales and Marketing

    • Tenure: 4.5yrs
  • Ryan Wilson

    Senior Vice President of Western Division

    • Tenure: 2.1yrs
  • Graeme Parkes

    Chief Information Officer

    • Tenure: 5.1yrs
  • Jason Seabolt

    Senior Vice President of Operations - Eastern Division

    • Tenure: 1.9yrs

Board Members

  • Larry Trachtenberg (63yo)

    Independent Director

    • Tenure: 23.8yrs
    • Compensation: US$175.99k
  • Jim Martell (65yo)

    Independent Director

    • Tenure: 9.8yrs
    • Compensation: US$181.99k
  • Stephen McConnell (67yo)

    Independent Director

    • Tenure: 21.2yrs
    • Compensation: US$166.99k
  • Mike Watts (71yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: US$241.00k
  • Kim McWaters (55yo)

    Independent Director

    • Tenure: 5.2yrs
    • Compensation: US$166.99k
  • Erik Olsson (57yo)

    Non Executive Chairman

    • Tenure: 0yrs
    • Compensation: US$4.81m
  • Jeff Goble (59yo)

    Independent Director

    • Tenure: 13.7yrs
    • Compensation: US$166.99k
  • Rick McNamee (62yo)

    Independent Director

    • Tenure: 11.3yrs
    • Compensation: US$166.99k
  • Sara Dial (55yo)

    Independent Director

    • Tenure: 5.2yrs
    • Compensation: US$175.99k
  • Kelly Williams (48yo)

    CEO, President

    • Tenure: 0yrs
    • Compensation: US$1.80m

Company Information

Mobile Mini, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mobile Mini, Inc.
  • Ticker: MINI
  • Exchange: NasdaqGS
  • Founded: 1983
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: US$1.664b
  • Shares outstanding: 44.25m
  • Website: https://www.mobilemini.com

Number of Employees


Location

  • Mobile Mini, Inc.
  • 4646 East Van Buren Street
  • Suite 400
  • Phoenix
  • Arizona
  • 85008
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MININasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDFeb 1994
MBEDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 1994

Biography

Mobile Mini, Inc. provides portable storage and specialty containment solutions. It operates through three segments: Storage Solutions North America, Storage Solutions United Kingdom, and Tank & Pump Solut ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 23:39
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.