Sunbelt Rentals Holdings, Inc. (SUNB)
Industrials · NYQ · US
Fundamentals
Valuation and ratings
Sunbelt Rentals Holdings, Inc. trades at USD73.60, which is 60% above the USD29.53 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 55 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 23.4 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
About Sunbelt Rentals Holdings, Inc.
Sunbelt Rentals Holdings, Inc., together with its subsidiaries, engages in the construction, industrial, and general equipment rental business under the Sunbelt Rentals brand name in the United States, the United Kingdom, and Canada. The company operates through North America-General Tool, North America-Specialty, and United Kingdom segments. It provides construction, industrial and general equipment, such as mobile elevating work platforms, skid steers, forklifts, excavators, lighting equipment and small general tools; and power and hvac, climate control, scaffold services, flooring solutions, pump solutions, trench safety, industrial tool, film and television, temporary structures, ground protection, temporary fencing, and temporary walls. The company serves multinational businesses, local contractors, individual do-it-yourselfers, construction and industrial customers, service, repair and facility management businesses, emergency response organizations, event organizers, as well as government entities, including municipalities and specialist contractors. The company was founded in 1947 and is based in Fort Mill, South Carolina.
SUNB passes 4 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Smart money ownership
21 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Dodge & Cox, DODGE & COX$3.46B · 1.9% of book
- Bill Nygren, HARRIS ASSOCIATES L P$1.52B · 1.1% of book
- Abrams Bison, ABRAMS BISON INVESTMENTS, LLC$817.60M · 35.4% of book
- Thomas Russo, GARDNER RUSSO & QUINN LLC$393.74M · 4.6% of book
- Ruane Cunniff, Ruane, Cunniff & Goldfarb L.P.$357.23M · 5.9% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is Sunbelt Rentals Holdings, Inc. (SUNB) undervalued?
Against our discounted cash flow estimate of USD29.53, SUNB at USD73.60 is 60% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
Which funds own SUNB?
21 of the institutions we track reported a position in SUNB in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is SUNB's P/E ratio?
SUNB trades at 23.4 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
The full research page for SUNB, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.