NasdaqGS:UHAL

Stock Analysis Report

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Executive Summary

AMERCO operates as a do-it-yourself moving and storage operator for household and commercial goods in the United States and Canada.


Snowflake Analysis

Good value with proven track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

2.3%

UHAL

2.5%

US Transportation

2.9%

US Market


1 Year Return

-16.0%

UHAL

-4.8%

US Transportation

8.9%

US Market

Return vs Industry: UHAL underperformed the US Transportation industry which returned -5.5% over the past year.

Return vs Market: UHAL underperformed the US Market which returned 9.2% over the past year.


Shareholder returns

UHALIndustryMarket
7 Day2.3%2.5%2.9%
30 Day17.8%16.5%10.6%
90 Day1.8%11.4%5.1%
1 Year-15.8%-16.0%-3.4%-4.8%11.4%8.9%
3 Year-6.6%-7.9%52.2%44.5%34.3%25.4%
5 Year3.8%0.4%87.9%70.7%60.7%42.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

14.63x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: UHAL ($329.92) is trading above our estimate of fair value ($16.12)

Significantly Below Fair Value: UHAL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: UHAL is good value based on its PE Ratio (14.6x) compared to the Transportation industry average (22.5x).

PE vs Market: UHAL is good value based on its PE Ratio (14.6x) compared to the US market (16.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: UHAL is good value based on its PB Ratio (1.5x) compared to the US Transportation industry average (2.4x).


Next Steps

Future Growth

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

23.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UHAL's forecast earnings growth (23.6% per year) is above the savings rate (2.2%).

Earnings vs Market: UHAL's earnings (23.6% per year) are forecast to grow faster than the US market (22.2% per year).

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

Revenue vs Market: UHAL's revenue is expected to decline over the next 3 years (-2.8% per year).

High Growth Revenue: UHAL's revenue is forecast to decline over the next 3 years (-2.8% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has AMERCO performed over the past 5 years?

1.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UHAL has a high level of non-cash earnings.

Growing Profit Margin: UHAL's current net profit margins (11.1%) are higher than last year (9.8%).


Past Earnings Growth Analysis

Earnings Trend: UHAL's earnings have grown by 1.9% per year over the past 5 years.

Accelerating Growth: UHAL's earnings growth over the past year (19.2%) exceeds its 5-year average (1.9% per year).

Earnings vs Industry: UHAL earnings growth over the past year (19.2%) exceeded the Transportation industry -11.5%.


Return on Equity

High ROE: UHAL's Return on Equity (10.5%) is considered low.


Next Steps

Financial Health

How is AMERCO's financial position?


Financial Position Analysis

Short Term Liabilities: UHAL's short term assets ($1.4B) exceed its short term liabilities ($955.7M).

Long Term Liabilities: UHAL's short term assets ($1.4B) do not cover its long term liabilities ($8.3B).


Debt to Equity History and Analysis

Debt Level: UHAL's debt to equity ratio (92.3%) is considered high.

Reducing Debt: UHAL's debt to equity ratio has increased from 85.4% to 92.3% over the past 5 years.

Debt Coverage: UHAL's debt is well covered by operating cash flow (27.6%).

Interest Coverage: UHAL's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet


Next Steps

Dividend

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

0.30%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: UHAL's dividend (0.3%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.65%).

High Dividend: UHAL's dividend (0.3%) is low compared to the top 25% of dividend payers in the US market (4.39%).


Stability and Growth of Payments

Stable Dividend: UHAL is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: UHAL is not paying a notable dividend for the US market, therefore no need to check if payments are 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 UHAL'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?

11.0yrs

Average management tenure


CEO

Joe Shoen (70yo)

no data

Tenure

US$1,016,699

Compensation

Mr. Edward Joseph Shoen, also known as Joe, has been the President of AMERCO since 1987 and serves as its Chief Executive Officer. Mr. Shoen has been the Chairman of AMERCO since 1986 and serves as its Dir ...


CEO Compensation Analysis

Compensation vs Market: Joe's total compensation ($USD1.02M) is below average for companies of similar size in the US market ($USD7.24M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Edward Shoen
Chairman of the Boardno dataUS$1.02m0.13% $8.3m
Samuel Shoen
Vice Chairman of the Board & U-Box Project Manager2.25yrsUS$521.79k0.017% $1.1m
Jason Berg
Chief Financial Officer4yrsUS$619.60k0.0049% $319.6k
Laurence De Respino
General Counsel14.67yrsUS$439.24k0.0044% $285.9k
John Taylor
President & Director of U-Haul International Inc.30.42yrsUS$562.54k0.012% $789.2k
Maria Bell
Chief Accounting Officer0.83yrno data0.0021% $137.1k
Sebastien Reyes
Director of Investor Relationsno datano datano data
Mark Haydukovich
President of Oxford Life Insurance Company23yrsUS$422.13kno data
Jennifer Settles
Secretaryno datano datano data
Douglas Bell
President of Repwest Insurance Company7.33yrsno datano data

11.0yrs

Average Tenure

59yo

Average Age

Experienced Management: UHAL's management team is seasoned and experienced (11 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Edward Shoen
Chairman of the Boardno dataUS$1.02m0.13% $8.3m
Samuel Shoen
Vice Chairman of the Board & U-Box Project Manager2.25yrsUS$521.79k0.017% $1.1m
John Taylor
President & Director of U-Haul International Inc.30.42yrsUS$562.54k0.012% $789.2k
James Acridge
Independent Director7.42yrsUS$147.50kno data
John Brogan
Independent Director22.42yrsUS$200.00k0.030% $1.9m
James Grogan
Independent Director4.42yrsUS$95.00k0.00051% $33.0k
Richard Herrera
Independent Director2.67yrsUS$82.50kno data
Roberta Shank
Director0.50yrUS$67.50kno data
Karl Schmidt
Independent Director3.83yrsUS$122.50k0.012% $758.8k

4.4yrs

Average Tenure

65yo

Average Age

Experienced Board: UHAL's board of directors are considered experienced (4.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: UHAL insiders have bought more shares than they have sold 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

AMERCO's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AMERCO
  • Ticker: UHAL
  • Exchange: NasdaqGS
  • Founded: 1945
  • Industry: Trucking
  • Sector: Transportation
  • Market Cap: US$6.469b
  • Shares outstanding: 19.61m
  • Website: https://www.amerco.com

Number of Employees


Location

  • AMERCO
  • 5555 Kietzke Lane
  • Suite 100
  • Reno
  • Nevada
  • 89511
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UHALNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 1994
AUKDB (Deutsche Boerse AG)YesCommon StockDEEURNov 1994

Biography

AMERCO operates as a do-it-yourself moving and storage operator for household and commercial goods in the United States and Canada. The company’s Moving and Storage segment rents trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane. It also provides uhaul.com, an online marketplace that connects consumers to independent Moving Help service providers and independent self-storage affiliates; auto transport and tow dolly options to transport vehicles; and specialty boxes for dishes, computers, and sensitive electronic equipment, as well as tapes, security locks, and packing supplies. This segment rents its products and services through a network of approximately 1,981 company operated retail moving stores and 20,000 independent U-Haul dealers. As of March 31, 2019, it had a rental fleet of approximately 167,000 trucks, 120,000 trailers, and 43,000 towing devices; and 1,631 self-storage locations with approximately 697,000 rentable storage units. The company’s Property and Casualty Insurance segment offers loss adjusting and claims handling services. It also provides moving and storage protection packages, such as Safemove and Safetow packages, which offer moving and towing customers with a damage waiver, cargo protection, and medical and life insurance coverage; Safestor that protects storage customers from loss on their goods in storage; Safestor Mobile, which protects customers stored belongings; and Safemove Plus, which provides rental customers with a layer of primary liability protection. The company’s Life Insurance segment provides life and health insurance products primarily to the senior market through the direct writing and reinsuring of life insurance, medicare supplement, and annuity policies. AMERCO was founded in 1945 and is based in Reno, Nevada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 11:59
End of Day Share Price2020/06/04 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.