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HYRE

HyreCarNasdaqCM:HYRE Stock Report

Market Cap

US$184.6m

7D

-8.7%

1Y

161.1%

Updated

25 Sep, 2021

Data

Company Financials +
HYRE fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance0/6
Financial Health6/6
Dividends0/6

HYRE Overview

HyreCar Inc., together with subsidiaries, operates a web-based car-sharing marketplace in the United States.

HyreCar Competitors

Price History & Performance

Summary of all time highs, changes and price drops for HyreCar
Historical stock prices
Current Share PriceUS$8.67
52 Week HighUS$2.95
52 Week LowUS$24.21
Beta2.8
1 Month Change-25.96%
3 Month Change-57.42%
1 Year Change161.15%
3 Year Change240.00%
5 Year Changen/a
Change since IPO70.00%

Recent News & Updates

Shareholder Returns

HYREUS TransportationUS Market
7D-8.7%3.1%0.1%
1Y161.1%23.0%35.3%

Return vs Industry: HYRE exceeded the US Transportation industry which returned 23% over the past year.

Return vs Market: HYRE exceeded the US Market which returned 35.3% over the past year.

Price Volatility

Is HYRE's price volatile compared to industry and market?
HYRE volatility
HYRE Beta2.8
Industry Beta1.27
Market Beta1

Stable Share Price: HYRE is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 19% a week.

Volatility Over Time: HYRE's weekly volatility (19%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
201486Joe Furnarihttps://www.hyrecar.com

HyreCar Inc., together with subsidiaries, operates a web-based car-sharing marketplace in the United States. Its marketplace allows car owners to rent their idle cars to ride-sharing service drivers, such as Uber and Lyft drivers. HyreCar Inc. was incorporated in 2014 and is headquartered in Los Angeles, California.

HyreCar Fundamentals Summary

How do HyreCar's earnings and revenue compare to its market cap?
HYRE fundamental statistics
Market CapUS$184.56m
Earnings (TTM)-US$23.85m
Revenue (TTM)US$30.37m

6.1x

P/S Ratio

-7.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HYRE income statement (TTM)
RevenueUS$30.37m
Cost of RevenueUS$22.18m
Gross ProfitUS$8.19m
ExpensesUS$32.05m
Earnings-US$23.85m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-1.12
Gross Margin26.98%
Net Profit Margin-78.52%
Debt/Equity Ratio15.8%

How did HYRE perform over the long term?

See historical performance and comparison

Valuation

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

14.54x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: HYRE is unprofitable, so we can't compare its PE Ratio to the US Transportation industry average.

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: HYRE is overvalued based on its PB Ratio (14.5x) compared to the US Transportation industry average (2.5x).


Future Growth

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

81.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: HYRE's revenue (52.8% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: HYRE's revenue (52.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Past Performance

How has HyreCar performed over the past 5 years?

-37.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HYRE is currently unprofitable.

Growing Profit Margin: HYRE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HYRE is unprofitable, and losses have increased over the past 5 years at a rate of 37.7% per year.

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

Earnings vs Industry: HYRE is unprofitable, making it difficult to compare its past year earnings growth to the Transportation industry (48.3%).


Return on Equity

High ROE: HYRE has a negative Return on Equity (-187.95%), as it is currently unprofitable.


Financial Health

How is HyreCar's financial position?


Financial Position Analysis

Short Term Liabilities: HYRE's short term assets ($27.5M) exceed its short term liabilities ($14.9M).

Long Term Liabilities: HYRE has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: HYRE's debt to equity ratio (15.8%) is considered satisfactory.

Reducing Debt: HYRE had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


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

Forecast Cash Runway: HYRE has sufficient cash runway for 2.1 years if free cash flow continues to reduce at historical rates of 35% each year.


Dividend

What is HyreCar current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

2.3yrs

Average management tenure


CEO

Joe Furnari (40 yo)

4.67yrs

Tenure

US$431,000

Compensation

Mr. Joseph FurnariL, also known as Joe, has been Chief Executive Officer at HyreCar Inc. since January 2017. Mr. FurnariL served as Chief Financial Officer at HyreCar Inc. since August 2016 to September 2...


CEO Compensation Analysis

Compensation vs Market: Joe's total compensation ($USD431.00K) is below average for companies of similar size in the US market ($USD1.08M).

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


Leadership Team

Experienced Management: HYRE's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: HYRE's board of directors are not considered experienced ( 2.5 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20.3%.


Top Shareholders

Company Information

HyreCar Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: HyreCar Inc.
  • Ticker: HYRE
  • Exchange: NasdaqCM
  • Founded: 2014
  • Industry: Trucking
  • Sector: Transportation
  • Market Cap: US$184.565m
  • Shares outstanding: 21.29m
  • Website: https://www.hyrecar.com

Number of Employees


Location

  • HyreCar Inc.
  • 355 South Grand Avenue
  • Suite 1650
  • Los Angeles
  • California
  • 90071
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 22:11
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.