Sunbelt Rentals Holdings, Inc.
$82.20
+0.67 (+0.82%) · delayed · Nov 13, 2026
Five-year price
52w $61.03 to $86.68
- Market cap
- $33.7B
- Enterprise value
- $41.2B
- P/E
- 26.1×
- 24.0× on 3y avg EPS
- EV / EBIT
- 18.9×
- FCF yield
- 11.2%
- ROIC
- 10.7%
- Debt / equity
- 1.02
- Piotroski F
- 6/9
Value scorecard · FY2026
Does it pass the value tests?
Quality
100
- ●ROIC > 12% (5y avg)5y avg ROIC 16.6%
- ●ROE > 15% (5y avg)5y avg ROE 20.0%
- –Stable operating marginsMargin volatility n/a (σ, 5y)
- ●Earnings convert to cashFCF / net income 255% (5y avg)
- –Growing revenueRevenue CAGR 5y n/a
- –Shrinking share countDiluted shares n/a over 5y
Value
20
- ○P/E below 15P/E 26.1
- ○EV/EBIT below 12EV/EBIT 18.9
- ●FCF yield above 6%FCF yield 11.2%
- ○Price below Graham NumberGraham Number $35.80
- ○P/B below 3P/B 4.5
Safety
20
- ○Debt / equity below 0.5D/E 1.02
- ○Debt payable in < 4 yrs of earningsNet debt $7.6B
- ○Interest coverage > 8xCoverage 5.9x
- ○Current ratio > 1.5Current ratio 0.90
- ●Piotroski F-score ≥ 6F-score 6/9
Graham Defensive
25
- ●Adequate size (revenue > $2B)Revenue $2.5B
- ○Strong condition (current ratio ≥ 2)Current ratio 0.90
- –Earnings stability (no loss, 10y)3 years of data
- –Uninterrupted dividendsDividends paid every year on record
- –Earnings growth ≥ 33% (10y, 3y avgs)EPS growth 0%
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 24.0
- ○P/E × P/B ≤ 22.5Product 109.1
Valuation lab
What do you have to believe?
At $82.20, the market is pricing in about −2.5% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt $7.6B · 410M shares
Intrinsic value
$171.18
Price
$82.20
Margin of safety
52%
What the price implies
The market is paying for −2.5% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
58% 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 | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 2,798 | 2,404 | 2,509 |
| Gross profit | 4,477 | 4,320 | 4,290 |
| Operating income | 2,511 | 2,499 | 2,181 |
| Operating margin | 89.7% | 104.0% | 86.9% |
| Pre-tax income | 2,094 | 2,070 | 1,801 |
| Income tax | 522 | 517 | 476 |
| Net income | 1,572 | 1,553 | 1,325 |
| EPS (diluted) | 3.58 | 3.55 | 3.15 |
| Diluted shares | 439 | 437 | 421 |
Who owns it