NasdaqGS:MINI

Stock Analysis Report

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Executive Summary

Mobile Mini, Inc., together with its subsidiaries, provides portable storage and specialty containment solutions in the United States, the United Kingdom, and Canada.


Snowflake Analysis

Adequate balance sheet and fair value.


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

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


Market Performance


7 Day Return

-14.3%

MINI

-0.2%

US Commercial Services

2.3%

US Market


1 Year Return

-2.8%

MINI

-6.4%

US Commercial Services

6.7%

US Market

Return vs Industry: MINI exceeded the US Commercial Services industry which returned -5.9% over the past year.

Return vs Market: MINI underperformed the US Market which returned 4.3% over the past year.


Shareholder returns

MINIIndustryMarket
7 Day-14.3%-0.2%2.3%
30 Day-12.4%-4.3%1.5%
90 Day26.4%9.2%17.8%
1 Year1.4%-2.8%-4.9%-6.4%9.0%6.7%
3 Year7.8%-2.0%34.9%26.5%36.6%27.7%
5 Year-16.4%-28.1%71.2%53.8%64.2%46.2%

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?

43.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MINI ($29.5) is trading below our estimate of fair value ($52.06)

Significantly Below Fair Value: MINI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MINI is good value based on its PE Ratio (17.6x) compared to the Commercial Services industry average (20.9x).

PE vs Market: MINI is poor value based on its PE Ratio (17.6x) compared to the US market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: MINI is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: MINI is overvalued based on its PB Ratio (1.6x) compared to the US Commercial Services industry average (1.5x).


Next Steps

Future Growth

How is Mobile Mini forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

12.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MINI's forecast earnings growth (12.5% per year) is above the savings rate (2.2%).

Earnings vs Market: MINI's earnings (12.5% per year) are forecast to grow slower than the US market (22.7% per year).

High Growth Earnings: MINI's earnings are forecast to grow, but not significantly.

Revenue vs Market: MINI's revenue (3.1% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: MINI's revenue (3.1% 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 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?

18.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MINI has high quality earnings.

Growing Profit Margin: MINI became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MINI's earnings have grown by 18.8% per year over the past 5 years.

Accelerating Growth: MINI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MINI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Commercial Services industry (5.8%).


Return on Equity

High ROE: MINI's Return on Equity (9%) is considered low.


Next Steps

Financial Health

How is Mobile Mini's financial position?


Financial Position Analysis

Short Term Liabilities: MINI's short term assets ($119.6M) exceed its short term liabilities ($115.0M).

Long Term Liabilities: MINI's short term assets ($119.6M) do not cover its long term liabilities ($1.2B).


Debt to Equity History and Analysis

Debt Level: MINI's debt to equity ratio (97.6%) is considered high.

Reducing Debt: MINI's debt to equity ratio has reduced from 113.2% to 97.6% over the past 5 years.

Debt Coverage: MINI's debt is well covered by operating cash flow (25.7%).

Interest Coverage: MINI's interest payments on its debt are well covered by EBIT (4.1x coverage).


Balance Sheet


Next Steps

Dividend

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

4.11%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MINI's dividend (4.11%) is higher than the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: MINI's dividend (4.11%) is low compared to the top 25% of dividend payers in the US market (4.49%).


Stability and Growth of Payments

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 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (66.9%), MINI's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MINI's dividends in 3 years are forecast to be covered by earnings (58.5% payout ratio).


Next Steps

Management

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

2.9yrs

Average management tenure


CEO

Kelly Williams (49yo)

0.75

Tenure

US$2,634,418

Compensation

Mr. Kelly Williams has been Chief Executive Officer and Director of Mobile Mini, Inc. since October 1, 2019, President since October 2018 and was its Chief Operating Officer since June 2014 until October 2 ...


CEO Compensation Analysis

Compensation vs Market: Kelly's total compensation ($USD2.63M) is below average for companies of similar size in the US market ($USD4.72M).

Compensation vs Earnings: Kelly's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Kelly Williams
President0.75yrUS$2.63m0.21% $2.7m
Van Welch
Executive VP & CFO2.92yrsUS$1.52m0.095% $1.2m
Christopher Miner
Senior VP & General Counsel11.58yrsUS$1.19m0.097% $1.3m
Mark Krivoruchka
Senior VP & Chief Human Resources Officer2.58yrsUS$1.09m0.058% $756.8k
Graeme Parkes
Chief Information Officer5.83yrsno datano data
Linda Latman
no datano datano data
Chris Anderson
Senior Vice President of Global Sales and Marketing5.25yrsno datano data
Justin Romero
President of Tank & Pump Solutions5.25yrsno datano data
Ryan Wilson
Senior Vice President of Western Division2.83yrsno datano data
Jason Seabolt
Senior Vice President of Operations - Eastern Division2.67yrsno datano data

2.9yrs

Average Tenure

57yo

Average Age

Experienced Management: MINI's management team is considered experienced (2.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kelly Williams
President0.75yrUS$2.63m0.21% $2.7m
James Martell
Independent Director10.5yrsUS$182.02k0.11% $1.4m
Stephen McConnell
Independent Director21.92yrsUS$167.02k0.20% $2.6m
Michael Watts
Lead Independent Director0.75yrUS$241.00k0.20% $2.6m
Kimberly McWaters
Independent Director5.92yrsUS$167.02k0.044% $566.5k
Erik Olsson
Non-Executive Chairman0.75yrUS$3.49m0.52% $6.7m
Jeffrey Goble
Independent Director14.42yrsUS$167.02k0.049% $628.4k
Michael Upchurch
Independent Director1.42yrsUS$160.52k0.015% $188.8k
Frederick McNamee
Independent Director12.08yrsUS$167.02k0.081% $1.0m
Sara Dial
Independent Director5.92yrsUS$176.02k0.044% $566.5k

5.9yrs

Average Tenure

59.5yo

Average Age

Experienced Board: MINI's board of directors are considered experienced (5.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MINI insiders have only sold shares 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

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$1.296b
  • Shares outstanding: 43.92m
  • 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., together with its subsidiaries, provides portable storage and specialty containment solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Storage Solutions North America, Storage Solutions United Kingdom, and Tank & Pump Solutions. The company offers various portable storage and office products, including steel storage containers and steel ground level offices to construction companies, retailers, medical centers, schools, utilities, distributors, military, hotels, restaurants, entertainment complexes, and households for various applications, such as storage of construction materials and equipment, retail and manufacturing inventory, documents and records, and other goods. It also provides a range of specialty containment equipment, such as steel tanks, stainless steel tank trailers, and pumps and filtration equipment, as well as roll-off, vacuum, and dewatering boxes. In addition, the company offers specialty containment services comprising transportation of containers for waste management; waste management oversight and services; system design services, including pumping assessment, filtration, and temporary storage; and field services to install and connect customer containment equipment. It primarily leases its specialty products for chemical, refinery, oil and natural gas drilling, mining, and environmental service customers. As of December 31, 2019, the company operated a rental fleet of approximately 200,200 storage solution containers and units; and 12,700 units of tank and pump solutions. Its network also consisted of 120 storage solutions locations, 20 tank and pump solutions locations and 16 combined locations. Mobile Mini, Inc. was founded in 1983 and is based in Phoenix, Arizona. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/01 23:59
End of Day Share Price2020/06/30 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.