Hertz Global HOLDINGS, Inc. (HTZWW) intrinsic value & 10-year financials
Hertz Global HOLDINGS, Inc. (HTZWW) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 32.9% a year to $244.0M, with an average return on invested capital of -1.6%.
- Graham intrinsic value
- —
- Revenue (FY2025)
- $244.0M
- Revenue growth (10-yr CAGR)
- -32.9%
- ROIC (10-yr avg)
- -1.6%
- Free cash flow (FY2025)
- $1.5B
HTZWW 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $244.0M | -$747.0M | -$2.43 | $1.5B | — | -4.7% |
| FY2024 | $239.0M | -$2.9B | -$9.34 | $2.1B | — | -16.9% |
| FY2023 | $237.0M | $616.0M | $1.39 | $2.3B | — | 3.7% |
| FY2022 | $230.0M | $2.1B | $3.36 | $2.4B | — | 15.1% |
| FY2021 | $171.0M | $366.0M | -$0.27 | $1.7B | — | 4.3% |
| FY2020 | $269.0M | -$1.7B | -$11.44 | $855.0M | — | -14.8% |
| FY2019 | $362.0M | -$58.0M | -$0.49 | $2.7B | — | -0.3% |
| FY2018 | $8.8B | -$225.0M | -$2.68 | $2.4B | — | -1.4% |
| FY2017 | $8.8B | $327.0M | $3.94 | $2.2B | — | 2.2% |
| FY2016 | $8.8B | -$491.0M | -$5.85 | $2.4B | — | -3.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
HERTZ GLOBAL HOLDINGS, INC is facing top-line stagnation, with revenue contracting over the decade.
HERTZ GLOBAL HOLDINGS, INC has historically struggled to out-earn its cost of capital, averaging just -1.6% ROIC.
HERTZ GLOBAL HOLDINGS, INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, HERTZ GLOBAL HOLDINGS, INC is modeled at -32.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-68.62 per share.