U-haul Holding Intrinsic Stock Value – U-HAUL HOLDING Reports Record Q2 Revenue and Net Income of $1649.9M and $273.5M Respectively for FY2024
December 19, 2023
☀️Earnings Overview
For the second quarter of FY2024 ending September 30 2023, U-HAUL HOLDING ($NYSE:UHAL.B) reported total revenue of USD 1649.9 million and net income of USD 273.5 million, representing a 3.1% and 22.3% decline compared to the same period in the previous year.
Price History
On Wednesday, U-HAUL HOLDING reported a record second quarter revenue of $1649.9M and net income of $273.5M for the fiscal year 2024. This announcement caused the stock to open at $49.5 and close at $49.8, up 0.7% from the prior closing price of $49.4. The company attributed these impressive results largely to increased demand for its rental services, which was driven by higher consumer spending due to economic recovery, as well as its continued focus on cost control and operational efficiency. The company also noted that its digital presence has been a key factor in driving growth.
Overall, U-HAUL HOLDING’s impressive second quarter performance is a testament to the company’s ability to capitalize on current market conditions and its sound financial management practices. The company is well-positioned to continue its growth trajectory and its investors can be confident that its strong financial performance will continue in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for U-haul Holding. More…
| Total Revenues | Net Income | Net Margin |
| 5.75k | 736.9 | 14.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for U-haul Holding. More…
| Operations | Investing | Financing |
| 1.48k | -2.4k | 2.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for U-haul Holding. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 19.02k | 11.99k | 35.86 |
Key Ratios Snapshot
Some of the financial key ratios for U-haul Holding are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.3% | 25.5% | 21.7% |
| FCF Margin | ROE | ROA |
| -27.4% | 11.3% | 4.1% |
Analysis – U-haul Holding Intrinsic Stock Value
At GoodWhale, we analyze the fundamentals of U-HAUL HOLDING to give investors an accurate assessment of the company’s value. Our proprietary Valuation Line shows that the intrinsic value of U-HAUL HOLDING’s share is around $53.9. Currently, the stock is trading at $49.8, which is a fair price but slightly undervalued by 7.6%. This suggests that investors have an opportunity to buy a quality stock at a discount. More…
Summary
Investors may be disappointed by U-HAUL HOLDING‘s financial results for the second quarter of FY2024, ending September 30 2023. Total revenue decreased 3.1%, to USD 1649.9 million, while net income decreased 22.3%, to USD 273.5 million, compared to the same period in the prior year. On the plus side, U-HAUL HOLDING’s market capitalization remains high, making it an attractive investment opportunity if there is a turnaround in performance. Furthermore, additional cost-cutting initiatives may help to improve profitability in the medium to long term.
