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Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2024-04-19), McGrath RentCorp's Intrinsic Value: Projected FCF is $30.48. The stock price of McGrath RentCorp is $110.39. Therefore, McGrath RentCorp's Price-to-Intrinsic-Value-Projected-FCF of today is 3.6.
The historical rank and industry rank for McGrath RentCorp's Intrinsic Value: Projected FCF or its related term are showing as below:
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of McGrath RentCorp was 7.73. The lowest was 1.90. And the median was 3.14.
The historical data trend for McGrath RentCorp's Intrinsic Value: Projected FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Rental & Leasing Services subindustry, McGrath RentCorp's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Business Services industry and Industrials sector, McGrath RentCorp's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where McGrath RentCorp's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)
In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)
Add all the Free Cash Flow together and divide 6 will get McGrath RentCorp's Free Cash Flow(6 year avg) = $0.05.
McGrath RentCorp's Intrinsic Value: Projected FCF for today is calculated as
Intrinsic Value: Projected FCF | = | (Growth Multiple | * | Free Cash Flow (6 year avg) | + | Total Stockholders Equity (Dec23) | * | 0.8) | / | Shares Outstanding (Diluted Average) |
= | (12.267806016876 | * | 0.054720000000002 | + | 933.802 | * | 0.8) | / | 24.535 | |
= | 30.48 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
McGrath RentCorp (NAS:MGRC) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
McGrath RentCorp's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF | = | Share Price | / | Intrinsic Value: Projected FCF |
= | 110.39 | / | 30.475357421856 | |
= | 3.62 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thank you for viewing the detailed overview of McGrath RentCorp's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Trease Kristina Van | officer: VP & Division Manager | 5700 LAS POSITAS ROAD, LIVERMORE CA 94551 |
David M Whitney | officer: VP, Controller, PAO | 5700 LOS POSITAS ROAD, LIVERMORE CA 94551 |
Elizabeth A Fetter | director | 1400 MARINA WAY SOUTH, RICHMOND CA 94804 |
Philip B Hawkins | officer: VP & Division Manager | 5700 LAS POSITAS ROAD, LIVERMORE CA 94551 |
Tara Wescott | officer: Vice President Human Resources | C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551 |
John Lieffrig | officer: VP & Division Manager | C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551 |
John P Skenesky | officer: VP and Division Manager | 5700 LAS POSITAS ROAD, LIVERMORE CA 94551 |
Gilda Malek | officer: VP, Legal General Counsel | C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551 |
Dennis P Stradford | director | |
Kimberly Ann Box | director | 7157 TREELINE CT., GRANITE BAY CA 95746 |
Nicolas C Anderson | director | 3100 ZINFANDEL DRIVE, STE. 450, RANCHO CORDOVA CA 95670 |
Stuart Templeton Porter | officer: VP & Division Manager | C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551 |
Kay Dashner | officer: Senior Human Resources Advisor | 5700 LAS POSITAS ROAD, LIVERMORE CA 94551 |
Morris Richard Smith | director | 1225 17TH STREET, SUITE 1300, DENVER CO 80202 |
Smita Conjeevaram | director | 70 HERETOLD ROAD, BRONXVILLE NY 17708 |
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