HERTZ GLOBAL HOLDINGS, INC
$1.50
−0.04 (−2.60%) · delayed · Nov 13, 2026
Five-year price
52w $1.45 to $8.18
- Market cap
- $483M
- Enterprise value
- −$82M
- P/E
- —
- EV / EBIT
- —
- FCF yield
- 336.4%
- ROIC
- —
- Debt / equity
- —
- Piotroski F
- 4/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
50
- –ROIC > 12% (5y avg)5y avg ROIC n/a
- ○ROE > 15% (5y avg)5y avg ROE -440.1%
- –Stable operating marginsMargin volatility n/a (σ, 5y)
- ●Earnings convert to cashFCF / net income 339% (5y avg)
- ●Growing revenueRevenue CAGR 5y 10.1%
- ○Shrinking share countDiluted shares 114.7% over 5y
Value
n/a
- –P/E below 15P/E n/a
- –EV/EBIT below 12EV/EBIT n/a
- ●FCF yield above 6%FCF yield 336.4%
- –Price below Graham NumberGraham Number n/a
- –P/B below 3P/B n/a
Safety
n/a
- –Debt / equity below 0.5D/E n/a
- ○Debt payable in < 4 yrs of earningsNet debt $-0.6B
- –Interest coverage > 8xCoverage n/ax
- –Current ratio > 1.5Current ratio n/a
- ○Piotroski F-score ≥ 6F-score 4/9
Graham Defensive
n/a
- ●Adequate size (revenue > $2B)Revenue $8.5B
- –Strong condition (current ratio ≥ 2)Current ratio n/a
- ○Earnings stability (no loss, 10y)10 years of data
- ○Uninterrupted dividendsDividends paid every year on record
- –Earnings growth ≥ 33% (10y, 3y avgs)n/a
- –Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) n/a
- –P/E × P/B ≤ 22.5Product n/a
Valuation lab
What do you have to believe?
At $1.50, the market is pricing in about −50.0% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt −$565M · 322M shares · 5y revenue CAGR 10.1%
Intrinsic value
$142.03
Price
$1.50
Margin of safety
99%
What the price implies
The market is paying for −50.0% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
62% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8,803 | 8,803 | 9,504 | 9,779 | 5,258 | 7,336 | 8,685 | 9,371 | 9,049 | 8,504 |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Pre-tax income | (470) | (575) | (257) | 13 | (2,052) | 683 | 2,449 | 286 | (3,237) | (830) |
| Income tax | 4 | (902) | (30) | 63 | (329) | 318 | 390 | (330) | (375) | (83) |
| Net income | (491) | 327 | (225) | (58) | (1,714) | 366 | 2,059 | 616 | (2,862) | (747) |
| EPS (diluted) | -5.85 | 3.44 | -2.35 | -0.49 | -11.44 | -0.27 | 3.36 | 1.39 | -9.34 | -2.43 |
| Diluted shares | 84 | 95 | 96 | 117 | 150 | 315 | 403 | 326 | 306 | 322 |
Who owns it