NYSE:HTZ

Stock Analysis Report

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Executive Summary

Hertz Global Holdings, Inc., together with its subsidiaries, provides airport and off airport vehicle rental and leasing services.


Snowflake Analysis

Overvalued with worrying balance sheet.


Similar Companies

Share Price & News

How has Hertz Global Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-11.2%

HTZ

0.9%

US Transportation

1.6%

US Market


1 Year Return

-90.6%

HTZ

-11.0%

US Transportation

4.8%

US Market

Return vs Industry: HTZ underperformed the US Transportation industry which returned -11% over the past year.

Return vs Market: HTZ underperformed the US Market which returned 4.8% over the past year.


Shareholder returns

HTZIndustryMarket
7 Day-11.2%0.9%1.6%
30 Day75.9%-4.4%2.3%
90 Day-68.7%25.8%29.5%
1 Year-90.6%-90.6%-9.8%-11.0%7.1%4.8%
3 Year-85.3%-86.6%44.4%37.1%37.1%28.1%
5 Year-98.3%-99.4%89.5%72.3%67.2%48.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Hertz Global Holdings undervalued compared to its fair value and its price relative to the market?

0.16x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: HTZ 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 HTZ's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HTZ is good value based on its PB Ratio (0.2x) compared to the US Transportation industry average (2.6x).


Next Steps

Future Growth

How is Hertz Global Holdings forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

31.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: HTZ's revenue (7.3% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: HTZ's revenue (7.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HTZ is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Hertz Global Holdings performed over the past 5 years?

5.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HTZ is currently unprofitable.

Growing Profit Margin: HTZ is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HTZ is unprofitable, but has reduced losses over the past 5 years at a rate of 5.1% per year.

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

Earnings vs Industry: HTZ is unprofitable, making it difficult to compare its past year earnings growth to the Transportation industry (-11.5%).


Return on Equity

High ROE: HTZ has a negative Return on Equity (-17.37%), as it is currently unprofitable.


Next Steps

Financial Health

How is Hertz Global Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: HTZ's short term assets ($4.6B) exceed its short term liabilities ($3.9B).

Long Term Liabilities: HTZ's short term assets ($4.6B) do not cover its long term liabilities ($20.4B).


Debt to Equity History and Analysis

Debt Level: HTZ's debt to equity ratio (1224.7%) is considered high.

Reducing Debt: HTZ's debt to equity ratio has increased from 697.5% to 1224.7% over the past 5 years.


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: HTZ has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: HTZ has less than a year of cash runway if free cash flow continues to reduce at historical rates of 49.1% each year


Next Steps

Dividend

What is Hertz Global Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if HTZ'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 HTZ'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?

1.7yrs

Average management tenure


CEO

Paul Stone (50yo)

0.17

Tenure

US$1,626,754

Compensation

Mr. Paul E. Stone serves as President, Chief Executive Officer and Director of Hertz Global Holdings, Inc. and The Hertz Corporation since May 16, 2020. He had been an Executive Vice President and Chief Re ...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD1.63M) is about average for companies of similar size in the US market ($USD1.35M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Paul Stone
President0.17yrUS$1.63m0.034% $71.8k
Jamere Jackson
CFO & Executive VP1.83yrsUS$3.94m0.0090% $19.3k
Kathryn Marinello
Consultant0.17yrUS$9.14m0.039% $82.6k
Richard Esper
Senior VP & Chief Accounting Officer1.67yrsno data0.015% $33.1k
Opal Perry
Executive VP & Chief Information Officer2yrsno data0.0052% $11.0k
Leslie Hunziker
Senior Vice President of Investor Relations11.58yrsno datano data
M. Galainena
Executive VP1.25yrsno data0.021% $45.9k
Robert Stuart
Executive Vice President of Global Salesno dataUS$2.02mno data
Laura Smith
Executive VP of Global Marketing & Customer Experience Officer0.083yrno data0.0025% $5.4k
Darren Arrington
Senior Vice President of North America Fleet Management6.75yrsno datano data

1.7yrs

Average Tenure

51yo

Average Age

Experienced Management: HTZ's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Paul Stone
President0.17yrUS$1.63m0.034% $71.8k
Kevin Sheehan
Independent Director1.92yrsUS$235.40k0.017% $36.7k
Daniel Ninivaggi
Independent Director4.08yrsUS$269.21k0.019% $41.0k
Vincent Intrieri
Independent Director4.08yrsUS$280.42k0.013% $28.4k
David Barnes
Independent Director4.08yrsUS$285.76k0.021% $44.6k
Henry Keizer
Independent Non-Executive Chairman3.5yrsUS$524.60k0.042% $90.0k
SungHwan Cho
Independent Director3.17yrsUS$253.01k0.018% $37.8k
Anindita Mukherjee
Independent Director2.17yrsUS$261.02k0.010% $21.4k

3.3yrs

Average Tenure

59yo

Average Age

Experienced Board: HTZ's board of directors are considered experienced (3.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: HTZ insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 69.1%.


Top Shareholders

Company Information

Hertz Global Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hertz Global Holdings, Inc.
  • Ticker: HTZ
  • Exchange: NYSE
  • Founded: 1918
  • Industry: Trucking
  • Sector: Transportation
  • Market Cap: US$213.428m
  • Shares outstanding: 142.29m
  • Website: https://www.hertz.com

Number of Employees


Location

  • Hertz Global Holdings, Inc.
  • 8501 Williams Road
  • Estero
  • Florida
  • 33928
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HRI *BMV (Bolsa Mexicana de Valores)USD0.01MXMXNNo data
H9B1DB (Deutsche Boerse AG)USD0.01DEEURNo data
HTZ *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNNov 2006
HTZNYSE (New York Stock Exchange)YesCommon StockUSUSDNov 2006
AZKDB (Deutsche Boerse AG)YesCommon StockDEEURNov 2006
0J4ZLSE (London Stock Exchange)YesCommon StockGBUSDNov 2006

Biography

Hertz Global Holdings, Inc., together with its subsidiaries, provides airport and off airport vehicle rental and leasing services. It operates through three segments: U.S. Rental Car, International Rental Car, and All Other Operations. The company rents cars, vans, crossovers, and light trucks under the Hertz, Dollar, Thrifty, Firefly, and Flexicar brands from approximately 12,400 corporate and franchisee locations in North America, Europe, Latin America, Africa, Asia, Australia, the Caribbean, the Middle East, and New Zealand. It rents vehicles on an hourly, daily, weekend, weekly, monthly, or multi-month basis. The company also sells value-added services; and vehicles, as well as offers car and van-sharing membership services. In addition, the company offers vehicle and lease financing; acquisition and remarketing; license, title, and registration; vehicle maintenance consultation; fuel, accident, and toll management; telematics-based location, and driver performance and scorecard reporting; and fleet management services. As of December 31, 2019, it operated a rental fleet of approximately 567,600 vehicles in the United States and 204,000 vehicles in international operations. The company serves business and leisure customers. Hertz Global Holdings, Inc. was founded in 1918 and is headquartered in Estero, Florida. On May 22, 2020, Hertz Global Holdings, Inc, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware. It is in joint administration with The Hertz Corporation.  


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/02 23:51
End of Day Share Price2020/07/02 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.