NYSE:HTZ

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Fair value with weak fundamentals.


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


Market Performance


7 Day Return

2.3%

HTZ

3.3%

US Transportation

1.0%

US Market


1 Year Return

-7.3%

HTZ

13.1%

US Transportation

8.0%

US Market

Return vs Industry: HTZ underperformed the US Transportation industry which returned 13.1% over the past year.

Return vs Market: HTZ underperformed the US Market which returned 8% over the past year.


Shareholder returns

HTZIndustryMarket
7 Day2.3%3.3%1.0%
30 Day5.6%1.0%-0.07%
90 Day-10.4%-6.9%-1.0%
1 Year-7.3%-7.3%15.1%13.1%10.4%8.0%
3 Year-58.6%-58.6%86.9%78.0%46.2%36.7%
5 Year-88.9%-95.8%69.5%54.8%64.3%46.2%

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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HTZ ($14.08) is trading below our estimate of fair value ($42.6)

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


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 (1.2x) compared to the US Transportation industry average (2.3x).


Next Steps

Future Growth

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

186.6%

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 (2.9% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: HTZ's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HTZ's Return on Equity is forecast to be low in 3 years time (6.5%).


Next Steps

Past Performance

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

6.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: HTZ is unprofitable, but has reduced losses over the past 5 years at a rate of 6.9% 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 (-43.6%).


Return on Equity

High ROE: HTZ has a negative Return on Equity (-6.45%), as it is currently unprofitable.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is Hertz Global Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: HTZ's short term assets ($3.3B) do not cover its short term liabilities ($4.4B)

Long Term Liabilities: HTZ's short term assets (3.3B) do not cover its long term liabilities (20.9B)


Debt to Equity History and Analysis

Debt Level: HTZ's debt to equity ratio (1808.1%) is considered high

Reducing Debt: HTZ's debt to equity ratio has increased from 622.9% to 1808.1% over the past 5 years.

Debt Coverage: HTZ's debt is not well covered by operating cash flow (13.8%).

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


Balance Sheet

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

Debt Coverage by Assets: HTZ's debt is not covered by short term assets (assets are 0.2x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.7%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

What is the CEO of Hertz Global Holdings's salary, the management and board of directors tenure and is there insider trading?

1.6yrs

Average management tenure


CEO

Kathy Marinello (63yo)

2.8yrs

Tenure

US$8,005,121

Compensation

Ms. Kathryn Vanstrom Marinello, also known as Kathy, has been the Chief Executive Officer, President and Director at Hertz Global Holdings, Inc. since January 3, 2017. Ms. Marinello has been the Chief Exec ...


CEO Compensation Analysis

Compensation vs. Market: Kathy's total compensation ($USD8.01M) is about average for companies of similar size in the US market ($USD4.07M).

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


Management Age and Tenure

1.6yrs

Average Tenure

51.5yo

Average Age

Experienced Management: HTZ's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Age and Tenure

2.8yrs

Average Tenure

62yo

Average Age

Experienced Board: HTZ's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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$216,270,90512 Jul 19
Icahn Capital LP
EntityCompany
Shares16,700,456
Max PriceUS$12.95
BuyUS$146,61111 Jul 19
GAMCO Investors, Inc.
EntityCompany
Shares143,239
Max PriceUS$18.61
SellUS$011 Jul 19
GAMCO Investors, Inc.
EntityCompany
Shares812,069
Max PriceUS$19.26
SellUS$17,44007 May 19
Mario Gabelli
EntityIndividual
Shares1,000
Max PriceUS$17.44
SellUS$6,07007 May 19
Associated Capital Group Inc, Asset Management Arm
EntityCompany
Shares350
Max PriceUS$17.78
BuyUS$189,50407 May 19
GAMCO Investors, Inc.
EntityCompany
Shares11,378
Max PriceUS$18.80
SellUS$1,528,93007 May 19
GAMCO Investors, Inc.
EntityCompany
Shares264,300
Max PriceUS$19.65
SellUS$97,250,00005 Mar 19
Icahn Capital LP
EntityCompany
Shares5,000,000
Max PriceUS$19.45
SellUS$97,250,00005 Mar 19
Icahn Capital LP
EntityCompany
Shares5,000,000
Max PriceUS$19.45

Ownership Breakdown


Management Team

  • Leslie Hunziker

    Senior Vice President of Investor Relations & Corporate Communications

    • Tenure: 10.8yrs
  • Kathy Marinello (63yo)

    President

    • Tenure: 2.8yrs
    • Compensation: US$8.01m
  • Bob Stuart (57yo)

    Executive Vice President of Global Sales

    • Tenure: 0yrs
    • Compensation: US$2.02m
  • Jamere Jackson (50yo)

    • Tenure: 1.1yrs
    • Compensation: US$4.15m
  • Murali Kuppuswamy (57yo)

    Executive VP & Chief Human Resources Officer

    • Tenure: 2.1yrs
    • Compensation: US$1.79m
  • Jodi Allen (53yo)

    Executive VP & Chief Marketing Officer

    • Tenure: 2yrs
    • Compensation: US$1.54m
  • Paul Stone (48yo)

    Executive VP & Chief Retail Operations Officer of North America

    • Tenure: 1.6yrs
    • Compensation: US$1.86m
  • M. Galainena

    Executive VP

    • Tenure: 0.5yrs
  • Opal Perry (47yo)

    Executive VP & Chief Information Officer

    • Tenure: 1.3yrs
  • Richard Esper (38yo)

    Senior VP & Chief Accounting Officer

    • Tenure: 0.9yrs

Board Members

  • Kevin Sheehan (65yo)

    Director

    • Tenure: 1.2yrs
    • Compensation: US$121.94k
  • Dan, David Ninivaggi (54yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: US$267.68k
  • Vince Intrieri (62yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: US$276.73k
  • Dave Barnes (63yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: US$282.61k
  • Kathy Marinello (63yo)

    President

    • Tenure: 2.8yrs
    • Compensation: US$8.01m
  • Henry Keizer (62yo)

    Independent Non-Executive Chairman

    • Tenure: 2.8yrs
    • Compensation: US$523.72k
  • SungHwan Cho (45yo)

    Independent Director

    • Tenure: 2.4yrs
    • Compensation: US$247.19k
  • Ann Mukherjee (53yo)

    Independent Director

    • Tenure: 1.4yrs
    • Compensation: US$192.29k

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$2.000b
  • Shares outstanding: 142.07m
  • 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
H9B1DB (Deutsche Boerse AG)USD0.01DEEURNo data
HRI *BMV (Bolsa Mexicana de Valores)USD0.01MXMXNNo 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. RAC, International RAC, and All O ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 00:48
End of Day Share Price2019/10/21 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.