Avis Budget Group Inc

Chart & Performance

D1W1MN

P/E

1.82

P/S

0.25

EPS

46.44

Div Yield, %

11.95%

Shrs. gr., 5y

-13.50%

Rev. gr., 5y

5.65%

Revenues

12.01b

+0.12%

Net income

1.63b

-40.96%

CFO

3.83b

-18.67%

Dividend

Dec 14, 202310 USD/sh

Earnings

Feb 10, 2025

Profile

Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 20,000 vehicles, which are rented through a network of approximately 465 dealer-operated and 385 company-operated locations that serve the consumer and light commercial sectors in the continental United States; and the Zipcar brand, a car sharing network. The company also operates various other car rental brands, such as Budget, Payless, Apex, Maggiore, MoriniRent, FranceCars, Amicoblue, Turiscar, and ACL Hire. In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, and automobile towing protection and cargo insurance products; fuel service options, roadside assistance services, electronic toll collection services, curbside delivery, tablet rentals, access to satellite radio, portable navigation units, and child safety seat rentals; automobile towing equipment and other moving accessories, such as hand trucks, furniture pads, and moving supplies; and Business Intelligence solution, an online portal for corporate travel. Avis Budget Group, Inc. operates in approximately 10,400 locations worldwide. The company was formerly known as Cendant Corporation and changed its name to Avis Budget Group, Inc. in September 2006. Avis Budget Group, Inc. was founded in 1946 and is headquartered in Parsippany, New Jersey.

URL

https://avisbudgetgroup.com/

IPO date

Sep 15, 1983

Employees

18,500

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	12,008,000 0.12%	11,994,000 28.79%
Cost of revenue	8,650,000	2,578,000
Unusual Expense (Income)
NOPBT	3,358,000	9,416,000
NOPBT Margin	27.96%	78.51%
Operating Taxes	279,000	880,000
Tax Rate	8.31%	9.35%
NOPAT	3,079,000	8,536,000
Net income	1,632,000 -40.96%	2,764,000 115.10%
Dividends	(355,000)
Dividend yield	5.16%
Proceeds from repurchase of equity	(951,000)	(3,329,000)
BB yield	13.83%	41.96%
Debt
Debt current	608,000	582,000
Long-term debt	28,538,000	22,776,000
Deferred revenue		2,754,000
Other long-term liabilities	990,000	(1,792,000)
Net debt	27,287,000	21,812,000
Cash flow
Cash from operating activities	3,828,000	4,707,000
CAPEX	(15,458,000)	(4,131,000)
Cash from investing activities	(7,346,000)	(4,299,000)
Cash from financing activities	3,506,000	(360,000)
FCF	(2,263,000)	5,559,000
Balance
Cash	555,000	570,000
Long term investments	1,304,000	976,000
Excess cash	1,258,600	946,300
Stockholders' equity	3,765,000	2,482,000
Invested Capital	25,841,400	19,988,700
ROIC	13.44%	44.40%
ROCE	11.00%	39.75%
EV
Common stock shares outstanding	38,800	48,400
Price	177.26 8.13%	163.93 -20.95%
Market cap	6,877,688 -13.32%	7,934,212 -42.12%
EV	34,170,688	29,749,212
EBITDA	6,808,000	12,227,000
EV/EBITDA	5.02	2.43
Interest	296,000	250,000
Interest/NOPBT	8.81%	2.66%