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U-Haul (UHAL)
NYSE:UHAL
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U-Haul
(NYSE:UHAL)
Rating:61Neutral
Price Target:―
U-Haul (UHAL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$11.27B
Dividend YieldN/A
Average Volume (3M)84.49K
Price to Earnings (P/E)29.2
Beta (1Y)0.74
Revenue Growth0.98%
EPS Growth-35.16%
CountryUS
Employees17,836
SectorIndustrials
Sector Strength90
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)0.30
Shares Outstanding19,607,788
10 Day Avg. Volume93,156
30 Day Avg. Volume84,491
Financial Highlights & Ratios
PEG Ratio-4.12
Price to Book (P/B)1.64
Price to Sales (P/S)0.00
P/FCF Ratio12.80
Enterprise Value/Market Cap1.52
Enterprise Value/Revenue0.75
Enterprise Value/Gross Profit8.25
Enterprise Value/Ebitda2.34
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
U-Haul Business Overview & Revenue Model
Company DescriptionU-Haul Holding Company 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, flat screen television, 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 2,100 company operated retail moving stores and 21,100 independent U-Haul dealers. As of March 31, 2022, it had a rental fleet of approximately 186,000 trucks, 128,000 trailers, and 46,000 towing devices; and 1,844 self-storage locations with approximately 876,000 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. The company was formerly known as AMERCO. U-Haul Holding Company was founded in 1945 and is based in Reno, Nevada.
How the Company Makes MoneyAmerco generates revenue primarily through its U-Haul segment, which involves renting out trucks, trailers, and towing devices to customers. In addition, the company earns income from self-storage rentals, which offer individuals and businesses secure storage spaces. Other revenue streams include the sale of moving supplies and accessories, such as boxes and packing materials. Amerco also benefits from its insurance operations, which provide coverage for rental equipment and storage customers. Strategic partnerships and an extensive network help enhance their service offerings and reach, contributing to the company's overall earnings.
U-Haul Financial Statement Overview
Summary
Amerco exhibits solid financial performance with strong gross profit margins and a robust balance sheet with zero total debt. However, revenue and net income inconsistencies and the decline in return on equity pose some risks. Recent improvements in free cash flow show better cash management, but fluctuations in profitability and cash flow need to be addressed for sustained growth.Income Statement
Amerco has shown a strong gross profit margin with an increase from previous periods, indicating efficient cost management. However, the net profit margin has declined recently, pointing towards increased expenses or reduced operational efficiency. The revenue growth rate has been inconsistent, showing signs of volatility, but the company maintains a healthy EBIT and EBITDA margin, reflecting good operational control.75
Positive
Balance Sheet
The balance sheet is robust with no total debt in the TTM period, improving the debt-to-equity ratio significantly. Stockholders' equity has increased, enhancing the equity ratio and indicating strong financial health. The return on equity has decreased, suggesting a need to improve profitability relative to equity. Overall, the company shows financial stability with a strong equity position.80
Positive
Cash Flow
Operating cash flow remains strong, but free cash flow has been negative in previous years, impacting the free cash flow growth rate. The company has improved its free cash flow position in the TTM period, reflecting better capital expenditure management. However, the ratios of operating and free cash flow to net income highlight potential discrepancies in cash generation relative to reported profits.70
Positive
| Breakdown | |||||
| TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 5.77B | 5.63B | 5.86B | 5.74B | 4.54B | 3.98B | Gross Profit |
| 2.08B | 1.65B | 5.02B | 5.48B | 4.33B | 3.81B | EBIT |
| 798.23M | 977.79M | 1.44B | 1.64B | 961.15M | 540.13M | EBITDA |
| 1.80B | 1.92B | 2.18B | 2.34B | 1.63B | 1.20B | Net Income Common Stockholders |
| 430.87M | 628.71M | 924.47M | 1.12B | 610.86M | 442.05M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.73B | 1.54B | 2.06B | 2.70B | 1.19B | 494.35M | Total Assets |
| 20.33B | 19.06B | 18.12B | 17.30B | 14.65B | 13.44B | Total Debt |
| 6.95B | 6.33B | 6.75B | 6.10B | 4.76B | 4.73B | Net Debt |
| 5.93B | 4.79B | 4.69B | 3.39B | 3.57B | 4.23B | Total Liabilities |
| 12.70B | 11.89B | 11.60B | 11.41B | 9.80B | 9.22B | Stockholders Equity |
| 7.63B | 7.17B | 6.53B | 5.89B | 4.85B | 4.22B |
| Cash Flow | Free Cash Flow | ||||
| 876.66M | -1.54B | -994.29M | -190.30M | 93.92M | -1.23B | Operating Cash Flow |
| 1.47B | 1.45B | 1.73B | 1.95B | 1.54B | 1.08B | Investing Cash Flow |
| -2.77B | -2.05B | -2.42B | -1.87B | -1.13B | -1.77B | Financing Cash Flow |
| 527.14M | 66.53M | 59.80M | 1.43B | 287.35M | 512.32M |
U-Haul Technical Analysis
Negative
61.51
Price Trends
63.04
Negative
66.91
Negative
69.42
Negative
Market Momentum
0.41
Positive
42.30
Neutral
27.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UHAL, the sentiment is Negative. The current price of 61.51 is below the 20-day moving average (MA) of 63.47, below the 50-day MA of 63.04, and below the 200-day MA of 69.42, indicating a bearish trend. The MACD of 0.41 indicates Positive momentum. The RSI at 42.30 is Neutral, neither overbought nor oversold. The STOCH value of 27.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for UHAL.
U-Haul Risk Analysis
U-Haul disclosed 17 risk factors in its most recent earnings report. U-Haul reported the most risks in the “Legal & Regulatory” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
U-Haul Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $47.06B | 18.75 | 30.17% | 0.93% | 7.20% | 4.56% | |
79 Outperform | $2.85B | 12.00 | 22.80% | 1.64% | 7.31% | 91.99% | |
69 Neutral | $6.46B | 13.67 | 16.41% | 2.01% | 6.21% | 47.05% | |
68 Neutral | $3.89B | 30.46 | 9.60% | 1.98% | 8.34% | -63.02% | |
61 Neutral | $706.42M | 9.01 | 5.52% | 3.62% | 1.68% | -24.42% | |
61 Neutral | $11.27B | 29.19 | 5.61% | ― | 0.98% | -35.16% | |
56 Neutral | $3.52B | 38.59 | 15.74% | 1.15% | -3.52% | -46.60% |
* Industrials Sector Average
Performance Comparison
UHAL
U-Haul
61.51
-4.90
-7.38%
HEES
H&E Equipment Services
94.63
47.12
99.18%
HRI
Herc Holdings
125.20
-24.63
-16.44%
MGRC
Mcgrath Rentcorp
113.48
4.00
3.65%
R
Ryder System
151.17
32.61
27.51%
URI
United Rentals
695.80
19.36
2.86%
U-Haul Earnings Call Summary
Earnings Call Date:Feb 05, 2025
(Q3-2025)
| % Change Since: -14.06%|
Next Earnings Date:May 28, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted significant revenue growth and operational efficiency, particularly in U-Box and self-storage segments. However, the decline in earnings, reduced gains on equipment sales, and declining interest income were notable concerns. Overall, while there are strong areas of growth, certain financial metrics show challenges.Q3-2025 Updates
Positive Updates
Revenue Growth and Increases
Equipment rental revenue increased by $39 million, which is over 4.5% for the quarter, surpassing the 1.5% to 1.7% improvements in previous quarters. Self-storage revenues increased by $17 million, an 8% increase for the quarter.
U-Box Expansion
U-Box revenue results increased by $9 million. The company increased its warehouse space for U-Box containers by over 20% in the last twelve months.
Operational Efficiency
Operating expenses were up by only 1.6%, with significant declines in fleet repair and maintenance costs of nearly $10.5 million.
Self-Storage Growth
The company added 2.3 million new net rentable square feet during the quarter, with a current development pipeline of approximately 8.5 million new square feet.
Record Pipeline
The company set a record with 7.4 million square feet of net rentable space added in the trailing twelve months.
Negative Updates
Earnings Decline
Third quarter earnings were $67 million, down from $99 million in the same quarter last year. Earnings per share dropped from $0.51 to $0.35.
Decrease in Gains from Equipment Sales
Proceeds from sales of retired equipment decreased by $73 million, contributing to a $0.16 per share decline in earnings.
Declining Interest Income
Interest income declined due to reduced short-term cash balances as funds were reinvested.
One-Way Transaction Decline
One-way transactions were down for the quarter, though revenue per mile gains helped offset the decline.
Occupancy Rate Decrease
Average occupancy in the self-storage portfolio declined to 78.7%, with same-store occupancy decreasing by 50 basis points to 92.4%.
Company Guidance
During the U-Haul Holding Company third quarter fiscal 2025 investor call, management provided a comprehensive update on various business segments. The company reported third quarter earnings of $67 million, translating to $0.35 per nonvoting share, down from $99 million or $0.51 per share in the same quarter last year. EBITDA increased by $47.8 million, driven by a $39 million or 4.5% rise in equipment rental revenues and an 8% increase in self-storage revenues. Capital expenditures for new rental equipment reached $1.587 billion, while proceeds from equipment sales decreased by $73 million to $521 million. U-Haul's self-storage segment saw a significant addition of 80,000 new units, although average occupancy slightly declined to 78.7%. The U-Box segment continued its growth trajectory with a $9 million revenue increase, supported by expanded storage capacity. Despite challenges, the company remains optimistic about future growth, supported by a robust development pipeline of 8.5 million new square feet.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.